Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
Roger I will try - people who are investing in argo are not in for argo per-se but into the bitcoin minig concept.
Now this sector has many more alternatives that track btc better due to a number of reasons with the recent turmoils in argos finacial and leadership situation being some. Argo is deemed riskier and weeker than other mining stocks and this has resulted flows from argo to others creating a lack of volume required to pump this further.
Great opportunity for some (not me im already eyballs deep) exiting sellers confirmed by looking at after hours trades
This will come good as bitcoin rises and bitcoin saw bottom imo. When FUD was little to no effect bottom is in and we had some serious fud the last few weeks.
GLA
Wow what hapened here? back from the pub as an early one today. BTC is popping! looks good for the start of a new bull run! Holding till next year now and maybe the odd cheeky trade here n there - just expect more FUD and price drops along the way . GLA
Inverse Cramer is no joke - the question for me is: where do we see this next year? BTC @ 40 k + and ARB 5X min. Fear is still about in the market but it will slowly go away as we approach the halving and BTC climbs. I dont think we will see 2.5 again but 0.5 or even 1 is not too unrealistic IMO for 2024
Hi donotpanic - for me:
1. Business has now been de-risked and it justs needs to keep mining till the next halving event early 24 which I think is realistic.
2. BTC will slowly ramp up till the halving and I think it saw bottom now - combine this with US news Re Inflation the stock market and crypto will start to pick up slowly
3. lots of shy money sitting in cash waiting to get back in and a lot of that is made through crypto could drive momentum.