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Quite frankly It’s amazing that this has been under 30p for such a long time. I think really much of that downward pressure is still down to people not believing that we would get to this stage after so many historical false starts.
Anyway onwards and upwards as I need around 78p to break even.
I don’t know if anyone has published this article already. In my mind the notion that the EU want Bitcoin to be more traceable would imply that they want to have it as a currency longer term. Just my thought.
EU plans to make Bitcoin transfers more traceable https://www.bbc.co.uk/news/technology-57901113
Spot on.
I think people forget that there are literally thousands of other blockchain currencies that could be mined if they become more desirable, or more profitable, than Bitcoin. The board have a plan and so far it looks pretty much spot on.
Personally I’m waiting for the move to Texas and the rerate that should then come. Until then it’s just watch what happens.
New to this board so not sure if these trades are usual. I thought it interesting to see so many exact blocks of 100k, 50k and 250k tranches of shares being purchased whilst the prices are low and at the end of the days trading.
Thoughts anyone, is this a usual pattern?
After sitting on the sidelines for a bit I have finally invested here. Got 246, which I’m happy with.
I don’t understand crypto enough to invest direct to a currency but more than happy with this company.
Fingers crossed for big things over the coming 12 months.
Nice to also see a board with good knowledge.
Just re listened to the interview, it was that good the first time round. Loads of good detail including confirmation on where shipping would initially take place from and rail viability etc.
Very pleased that the fund raise and placement occurred prior to the interview as hopefully we will now see more upward movement to the share price on the back of the interview clarity.
Had hoped for more positive response on JV disposals or progress but can’t have everything.
MACARTHUR MINERALS (MMS-TSXV/MIO-ASX)
Iron ore futures surged above $100 a ton after Brazil’s Vale SA was ordered to suspend operations that account for about a 10th of its output after workers contracted Covid-19.
While the outlook in Brazil is uncertain, Australian shipments are booming. Exports from Port Hedland -- the country’s main iron ore port -- swelled to a record for the month of May and were the second-highest ever, according to data Monday.
So far this year, iron ore and gold have been the only metals that have not suffered price slumps in the backdrop of the pandemic.
Per the China Iron & Steel Association, China is likely to see a strong recovery in steel demand henceforth, as the country's infrastructure investment and production resumption gains more momentum. Thus, the demand for iron ore is expected to remain strong.
For more information, please see the articles below:
https://www.bloomberg.com/news/articles/2020-06-06/vale-plant-shut-by-brazilian-judge-on-virus-fears-reuters-says
1.8p, which at the time I was happy with. Just checked prices now and wished I had waited. Haha.
Too right. Any resource company cannot be seen as a short term investment, and with hopefully the LTH’s doing better. That said, many of us LTH’s were here in the LGO days and had to put up with a world of pain until finally we got a break and got Leo at the helm. My break even is now just under the 10p level but I have every confidence in seeing that price in the not to distant future.
The underlying assets have always been there, and are good. Another year to work on commercial production and to get bopd up is fine by me, ready for when oil prices have returned to acceptable levels and this company to really do well for everyone.
Surprised to see the dip yesterday so did another top up. Down to a break even of 9.6pence. This time next year Rodders
Sell of 86 shares and a buy of 81. Good way to lose more money.
A good shopping list of assets to acquire but I’m still not sure that the market sees A.C’s approach as a focused one.
Whilst the speculative oil plays are what we need to stand any chance of getting back up to original floatation levels, that many of us LTH’s need, it’s actually the gas acquisition that I want AC to get signed off first. At least with a bit more of a regular and un-risked income we should see a stabilisation if share price, and an income platform to work from.
Tunisia is also another good opportunity with considerably lower risk attached, especially if an off take agreement can also be agreed upon.
Come on A.C do something you have constantly failed at and get the deal over the line.
An update on what our drilling rig is doing would also be good.