Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
All the hype from Friday was just that. All unsubstantiated nonsense. I am now not looking at this as a short term stock at all. I worry it may drop further again in the short term but longer term there is much that’s positive to come which will add further value. Provided BTC doesn’t disappear or collapse below 25k Argo will do fine over the coming years but the rest of this summer might well be difficult even with good July results. Production of over 230 should be possible.
RC, you post some decent stuff on here in amongst a lot of poop from others. I am down significantly but thankfully in no rush to cash out so willing to see this out. I just hope it doesn’t capitulate further. Surely we couldn’t get below 70p?
Lost its spring
It’s a bloodbath on all crypto related stocks basically. I’m starting to wonder what’s going on with the whole sphere. Is everyone leaving crypto for the time being?
The correlation with Bitcoin is a bit screwed up. It seems small increases in BTC are met with no change in SP but with every drop to around $30 for BTC it drops like a stone and doesn’t recover. Is the market predicting a complete BTC crash. That’s the only thing that makes sense to me. Otherwise, these numbers just look nuts!
Nice reply ZQ. I’m struggling to correlate this recent crash with what’s in front of me.
Hodl of 1220 is £28 million
Monthly production of hopefully 200 BTC at least, 80% margin is £3.8 million or £46 million
Current Mcap of £340 million. P/e of 7.5 ignoring balance in the Hodl.
Surely this should be higher? Again, feel free to comment sensibly Argonaughts.
Shagged - and there you have it. Those numbers are ridiculous. At these prices Argo looks undervalued IMO given Hodl, monthly production, Pluto interests, Texas and increased production with added machines - unless there’s crap going on behind the scenes that we don’t know about.
Executed at 92.27p. If this doesn’t go back up to £1.50 in the next six moths I’ll be gutted. Pluto digital, new machines online soon I hope and Texas are all positives. However, I’d love to hear when new machines are scheduled to go online. I did think it was worrying when the previous order was cancelled by the other party and in the RNS it was very much brushed off. As it turns out this delay will cost Argo millions. I think until there is a really positive monthly update with actual detail about the machines this will be really exposed. Hopefully though, a positive news flow will change sentiment and we’ll rise well. Get Greyscale unlock out the way this weekend and if BTC can stay above 31k I think nerves may settle.
Is the market aware of something the retail investors don’t know about? This fall of grace is spectacular to say the least. Unless something is going on behind the scenes I just can’t work it out. But I have dipped toes again today. Catching falling knife is dangerous but this just looks overdone. Sensible thoughts?
Guys, can we keep the pie in the sky predictions to a minimum please. £10, seriously, it’s 46p currently. Just a twenty bagger from here then, nonsense! If we get to a pound n the next twelve months it’s a great result.