Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
Like I said, DYOR.
From the guy that ramped up his minions, claiming he wouldn't sell a share... until the TR1 dropped. To a completely failed venture into TNT, how quickly did you delete the "millionaire" post 🤣🤣🤣
Now you have no logical counter argument, just name-calling. Pathetic Duke, absolutely credibility devoid pathetic
Dave - what you call nonsense yesterday was the difference between critical, objective analysis, and people that don't want to hear it e.g.
PEN - is predictably down over 25% on yesterdays high, but the perma-bull ramper won't mention that after highlighting the spike yesterday and dismissing the warning of it being an unsustainable, low volume rise.
Spacewalk - a disagreement of what SatoshiPay have developed, one argument was fact based with supporting links and quotes directly from SatoshiPay. The other was unsubstantiated, dismissive nonsense.
Other than this, I'm not engaging today. I'm just repeating my usual DYOR warning. Some of the statements made on here are absolute tosh
Ha, I love it Slug. I just topped up another 924k shares (not showing yet)
I'm in awe of the high-roller £100-£200 trades all day 😉. Maybe that's why most people don't actually care about the state of this, it's just pocket change investments
There's nothing to bite: https://pendulumchain.org/spacewalk - "Trust-Minimized Stellar-Polkadot Bridge"
I'm not overly interested in hearing your misinterpretation, I was just curious what you thought the bridge was, and what purpose your interpretation could've had. Maybe the mythical/unicorn version could be useful
No debate necessary Ragnarr. Spacewalk is a network bridge, to move assets between Stellar and Polkadot.
It's not subjective, there's no ifs, buts or maybes. Bridges are a common feature in blockchain (although most allow interoperability between several chains, unlike SatoshiPay's limited 2 network bridge)
I'm sure your years of extensive research have already taught you that, however, if the opening 5 words of Pendulum's own website ("Trust-Minimized Stellar-Polkadot Bridge" ) are too much to comprehend, I'm afraid you need to keep your Nakomoto (sic) quote, because I don't have the time or the crayons to explain it to you
Ragnarr, we obviously have very different understandings of what SatoshiPay have developed. Although that's not through my "lack of understanding".
Spacewalk is a "Trust-Minimized Stellar-Polkadot Bridge" . If you doubt that, it's the first 5 words on the Pendulum website (https://pendulumchain.org/spacewalk)
What is the point in this bridge? In the words of Alex Wilke "With Spacewalk, we are breaking down the barriers between different blockchain ecosystems, allowing for wider usage of Stellar's stablecoins and fuelling Pendulum's on-chain forex markets"
"allowing for wider usage of" i.e. there is currently limited use of Stellar's stable coins, therefore limited purpose for PEN. So they are bridging to bring demand from Polkadot.. But Polkadot already has stable coins, what is the point in bridging?!?
SatoshiPay have already developed an unwanted product on Stellar, so I suspect we're back to the tried an tested "Polkadot has $x transactions, if we bring y% of those to Stellar, there'll be $z revenue for PEN"
A Stellar to Polkadot bridge is a niche, piece of utterly useless tech. So once again, software that nobody uses will be worthless, whether it's on an ecosystem of $1m or $100bn.
what did you think Spacewalk was? Please enlighten me.
The sad thing is Slug, we should all be on the same team. SatoshiPay has been a huge, cash burning failure. It's not subjective,
They refuse to learn from mistakes, continue to repeat the same nonsense, and Blu and their shareholder sit back and wait.
What's the latest incarnation? A network bridge to Stellar.. what is the actual point in that.? What is the market demand that they're addressing? It seems none. Again.
They just persist with a business plan of x% of a market worth $y is worth billions. Despite the fact that their actual share will remain as 0% because they're developing things nobody wants
In the past 24 hours, PEN is up 25% on a trading volume of $5k
I've said it before and got hammered for it, but be very careful. It's ripe for a pump and dump. Not that anyone here would be unsavoury enough to do that (again)
People here don't want to hear fact based, critical analysis.
They want to believe in unicorns, that SatoshiPay making the same mistake of developing software that has no demand, is somehow "different this time"
SatoshiPay's lack of meaningful roadmap, failure to know their market, and absolutely no transparency is disgraceful.
Blu should've been all over that, but they weren't.
Shareholders should've been all over Blu, but they weren't.
Instead, we wait for the mythical "different this time" unicorn, while it's more likely a real life unicorn will appear and take a cr*p on Meinhards desk
There's a 30 min interview with Rupert released yesterday too ( apologuies if this was posted already, I only saw the 5 min interviews).
https://www.youtube.com/watch?v=jyML7OTcSW4
The latest Shard Capital paper is available on the Cobra website, posted today.
It's a positive read:
https://cobraplc.com/wp-content/uploads/2023/09/Shard-Capital-COBR-12-9-2023-Met-testwork-R.pdf
Richy - that was my initial reaction. Years of drilling for 68k oz.. Cobra would be finished if they hadn't stumbled upon REE. However... drilling and resource analysis has focussed on REE for so long, we shouldn't be surprised gold isn't monumental.
If the existing REE/Gold resource is commercially viable, maybe we're close to revenue/profitability.
Money to be invested in Gold/IOGC exploration, which is why some of are here in the first place. It's been a longer road than expected, but if this detour means future drill programs can be self funded without dilution, it's good news that precedes great news
Its the first time two calendar months have elapsed without an RNS since 2019.
Strange that we had more updates during lockdown when things were curtailed, than when news should be free flowing.
I'm growingly suspicious of an NDA. Is commercial work priority over resource analysis? I hope not but starting to think so...
He does this regularly. As soon as there's a hint of news, he'll be back with baseless ramping to whip his cheerleaders into frothy excitement
As predictable as night follows day, or SatoshiPay failing to deliver value.. he'll be back
I hope the cheerleaders have learnt an expensive but valuable lesson here.
If you're going to copy/paste from twitter, a link and/or context would be useful. The reel icon indicates it's a thread - the 15 subsequent posts held the "useful" information
tldr: it's the ssdd. Forex is a big market etc etc
The SatoshiPay approach to business is like someone creating a football team, because FIFA make £5bn per year, so if we achieve 1% of that, we'll be rich. It's tried and failed nonsense, again and again
July 2023 was the first month without an RNS since Jan 2022.
Interesting Fact? Maybe. Useless Fact? Yes.
Positive thoughts. Drill results are in, REE and Gold has been extended. The team are working on a potentially monumental resource update.
An August RNS will be worth the wait.