Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
blubutton - the kasuma news wasn't RNS worthy because it's basically a test network.
Investors can't expect companies to release a market updates every time they deploy code into test.
I do enjoy the baseless positivity returning here though. We've deployed code into a test networks, so much be ready for a rerate lol
The one share trade is a mythical Market Maker signal.
It could mean someone is looking for shares.
Personally I don't believe in them, I've long suspected that traders place them, to get a reaction from believers
Bears - I'm invested here because I want the exposure to some of the investee companies that are private.
There is massive potential here but the weak link is Blu and their useless board who are letting things stagnate.
If I could invest directly and bypass Blu, I would've already done so
ICB that is a very naive take. Oooh look at all their exciting, unsubstantiated hype about what the future might bring. Guild, Dynasty and SatoshiPay have been constay on the verge of great things for years, yet nothing is market announcement worthy.
The price reaction to the RNS tells you how well worded it was
The Blu board are a constant disappointment, this could've been a very positive RNS but they made it look like a turd polishing exercise by trying to hide the drop in NAV
"Decrease in the mark-to-market value of the portfolio, as of 31 March 2022, of £937,941 (1H21: £19,684 decrease) resulting in Net Assets of £11,718,709 (FY21: £12,715,515)"
Followed by
"Given the increase in NAV of the overall portfolio since inception, "
The NAV had dropped. Own it and give a decent explanation it being caused by Guild, why they dropped so much and why this year might be better for them.
Instead of the contradictory bull, which mades the constantly disappointing Blu board look like cowboys
Cobr have posted on Twitter: Aircore complete ahead of schedule, results expected within two months
https://twitter.com/Cobra_Resources/status/1542099079597101058?t=fDv0pA1-YlJS384o2z4afg&s=19
Aus Govt: "Here's a free £75k from out highly competitive fund, to help with exploration, on top of your fully-funded drill program"
Investors: "That sounds dreary, time to sell"
Would be genuinely interested to hear from anyone here that sold today. I'm seeing no downside to this, except potentially bad drill results, but that's a given for all mining investments, what was today's trigger?
Every cloud... Today's price movement might seem disappointing but what would you prefer?
100% in a day and the temptation to sell?
Or a muted reaction until REE, gold extensions and IOGC have landes and 100 bags?
(Okay not 100 bags but I'd be gutted to sell for a 1-2 bags)
Could someone please explain a realistic best case scenario for IOGC confirmation?
Presumably air-core drilling must be followed by at least one round of RC, but could a single round of RC provide confirmatory results, or would it realistically be exploratory, with further phases required?
I understand the yet to be confirmed scale of RC program will be a factor, what I really mean is, could the 2022 program realistically bring IOGC confirmation if everything goes to plan?
Share price down more than 90% will lose posters.
This would have to 5x for me to break even. That's just never going to happen, I don't know why I bother checking here
I'm taking positives from the update. By acknowledging the need for transparent timelines, it's basically an admission that communication hasn't been good enough in the past.
My main frustration over the past year has been the absolute lack of clarity, making me worry that I've invested in jam tomorrow vaporware
Even if the timelines are longer than hoped, at least expectations are managed and we know what we're aiming for.
My only criticism of Cobra is the false hope they give. The last RNS suggested we'd get another update this month. Maybe this comment means they're expecting an internal update, not a market one, but these guys need to learn to under promise and over deliver:
'Further results from 38 holes at Clarke, and a further 66 holes from Baggy Green, are expected this month"
Torreaguas - most investee companies are early stage and speculative. Popular opinion seems to be doubling down on SatoshiPay by selling holdings in other companies
For context, SatoshiPay has been promising big things since 2016 but not delivered anything valuable or income generating.
Selling recent investments, which have made more progress in less time, to fund continued vaporware is ridiculous imo. But dilution was voted down, so I guess that's the only way forward
The tone of this board is a disgrace, being told to "frank off" by a major shareholder for asking critical questions is appalling.
You should not need to consider your lips sealed, your point is perfectly valid. Meinhard/SatoshiPay have bounced from one plaything to the next for the past 6 years, and delivered no meaning revenue. It is fair to question Meinhard spreading himself too thinly by involving himself in yet another project before the last one has achieved anything.
On a cynical note, I would question if this is his exit plan, for when investors stop burning money on SatoshiPays vaporware.
To be dismissed by the "it's different this time" chancer who can't explain what/why this is different is ludicrous. Unfortunately there are enough cheerleaders on here to drown out sensible questions
If I have missed something, I will happily stand corrected but I was referring to this absolute pony that that was described as a roadmap:
https://pendulum-chain.medium.com/pendulum-roadmap-testnet-mainnet-and-beyond-9d4383f810e2
As for filtering people who have a different opinion than you, that's just plain stupid.
I'm not going to filter you, I'd like you to enlighten me, what is actually different this time?
What makes SatoshiPay more valuable than, 5 years ago? That still have no marketable products or revenue.
They are still developing procucts and quoting their potential based on the size of the market they are entering, rather than a business plan for their own company, despite making the same mistake repeatedly for years.
Recent news...
Dynasty are still being hyped as takeover candidates for a huge company but has not been confirmed, so no, nothing has changed
SatoshiPay released yet another "Roadmap", which if anyone actually reads it will release they've just announced their latest idea and are at the beginning of yet another reinvention, with absolutely no dates in the "roadmap".
So no, nothing has changed now, or for the past few years. But it's different this time apparently, and anyone who wants to make baseless and shameless hyping of this time being different, then sell into a rise is apparently unquestionable on here
Private Investors owe each other nothing, but over the past few months myself and others have questioned the "it's different this time" hype from one particular shareholder, while it was clearly no different to the past 5 years of jam-tomorrow from SatoshiPay.
The TR1 smacks of pump and dump
Not just news, but roadmaps with delivery milestones.
Everything related to SatoshiPay could be vaporware, they still, after all these years have virtually zero transparency.
When this was touching 0.6p a few weeks back, anyone who called it a pump and dump was dismissed with certain large shareholders claiming "it's different this time".
Nonsense, nothing has changed. SatoshiPay are still roaming free with no accountability to shareholders, nothing has changed, this will continue to pump and dump until something actually changes, just saying its different is tripe