Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
Happy weekend guys.
Sunday roast was outstanding for VLRM I think. Listened to the whole hour and they kept coming back to VLRM. DL did a great job but the other contributor even explained it and talk of the NFT future. Sitting on my hands has never been so easy!
Don’t trust anyone on these boards mate and that includes me. We could all be keyboard warriors. Trust yourself with what you can glean. I use these boards to share ideas and get more understanding but ultimately I have seen too many sure things in the last year to know nothing is a sure thing.
I am in and to the tune of over 100,000 shares as I think this will do well but please ensure you are happy with your investments. There are a lot of good people one here but no one really knows anyone.
Right time to go and get a sore head!
Relax Rambino. The speculation on OTC is based on others coming to market in the same way. In the hands of approvals but I always have thought sometime in May. Today would have been the absolute earliest. So anytime from here on in. The sponsors have taken COIN, KR1 and COIN to OTC and so chilled about it. It will come when it comes but can’t see it being June.
Have a good weekend. We have a solid 30p base ready at the moment.
Looks like a 30p close with a final trade bang on the bell. Excellent base for next week - very low volume today (505,300) - so positions have been taken.
Next week could be fun - token or OTC news or both - I think we will get at least one.
Have a good weekend folks and speak on Tuesday.
Dom
I use ADFVN - AQSE Level 2 is free and shows where the MMs are at - you just need an account setting up (free). I dont post on there - just use it for the free level 2 on AQSE.
https://uk.advfn.com/common/level2?symbol=AQSE%5EVLRM
San - you were right first time - Application actually went in on 19th April (RNS)
ARB applied and started trading on WD10 and today is WD10 so we are close - the only thing I do not know is if ARB going from OTCPNK to OTCQB shortened the process or not.
Said previously I can sit on my hands until end of May but think it will be much sooner - also - didnt sit on my hands this week as I bought more at 25.8p.
Morning - not sure anyone has a number in mind, more and order of magnitude to compare against once OTC listing is there and probably this is based on three factors:
1. ARB and KR1 did 5x - 7x in a few weeks of dual listing as the US do appreciate the crypto area more
2. CWRKS is a comparator - slightly behind VLRM I think but 5x MCAPish (ICBU below another comparator - 2x)
3. Vinay Gupta - the others do not have a co-founder of Ethereum and we do and I hope the US really gets that
So we have 30p now - I think 50p will be easily achievable - if it rockets then £2 is not really too distant as only £128m MCAP at that so about $180m MCAP - which is a premium of CWRKS but CWRKS peaked at $180m MCAP on the initial run.
The other thing we have going for us is only 64m shares in issue and a lot in very sticky hands.
Still do not get why UK hasnt latched on to these key facts as the MCAP is nothing compared to US peers.
And yes, you can read in to this that I am bullish about the OTC listing effect but wont put a price on it.......
comek2 - you can have shares with barclays either through a transfer (ISA etc..) or if you bought them pre-january.
In January a number of brokers followed some guidelines on buying crypto and applied it to shares in companies in the crypto space as the the government decided that PIs may actually lose money on the volatility of crypto as we dont understand it ..... not that we get burnt on other equities ..... however institutions can continue.
So Barclays (and others) wont let you buy any more but you can sell what you have.
I havent had the problem as my broker (EQI) continue to allow me to buy equities in the Crypto space.
Not really - you are in control - you tell them the price you are prepared to pay and most brokers dont really do that to you. I had my last Fill or Kill at 27p with HL this week and got it executed at 25.8p.
The real downside is that if you look at the SP and go a penny above for example and the share is moving quickly you wont get your order fulfilled as there is a lag to them receiving and trying to execute and so it may fail, you may find out 30 minutes / an hour later and by then the share could have moved through the gears and you are having to Fill or Kill at a higher rate so chasing the price on the way up (and the way down).
So I always look at level 2 on ADVFN and try and Fill or Kill orders a couple of pence above VLRM (not sold yet) and havent had an issue and have never paid my maximum price.
So we are on Working Day 8 since the application went in to OTCQB. ARB started trading on WD10 which would be this Friday. Not sure if ARB going from OTCPNK to OTCQB shortened the process or not. If not we are very close.
Another good day closing in on 30p.
How great would Friday be to list on OTC - we would be able kick off the day and then US on line for 1/2 trading day without us post UK close and then a full day on Monday as we will be closed and they will be open hopefully demanding shares sending the bid up with the UK shares tied in. Makes you think the MMs would have to collect hard on Friday in anticipation.
Agreed - these boards are at its best when companies are just growing on the verge. Everything is clear in the RNS releases and we have comparators in ARB and KR1 with OTC listing. Very rich newsflow two weeks ahead I would have thought - end of May the SP will look very different.
We may get the flood to the board at that point and it is something to tolerate unfortunately for getting in early on the opportunity.
liam - totally agree - said this before. Why would you place now with OTC and Tokens imminent - let the SP settle and then place at a higher value (less dilution) so I expect no placing in the next month and even then it will depend on what money is needed. If they are going to buy new miners then yes, but I still think this is a bit of a sideshow and can wait and grow slowly - it is the NFTs that matter to me.
We do have to be real on the board - I am expecting £1 now on OTC listing - but it will be what it will be and placings are not always bad - so no need for us to worry about one, I think it will now be to grow the company in the right direction.
#TeamVinay!
Yep - I must stop accumulating now - seen these messages before and thought yep - really ?!?! But I am.
Stopped now - my last one has just gone through at 25.8p - averaged up from my 9p original buy but it will be worth it.
Agree - ARB was more liquid in UK also (main listing) so you will see MMs gradually push SP up for US open collecting shares, then trade until UK shuts, the US went up after close as they ran out of shares and there was a UK gap up the next morning. This went on for about two weeks until it settled about £1.40ish for a while.
I am holding my VLRM tickets until this pattern levels out at a minimum - could be two days could be ten days but 64million shares is just a tremendous position to be in if the US latches on to VLRM quickly.
Not predicting any price (more than 30p :-)) - it will be what it will be what it will be and we will know in a few weeks.