Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
Your call Hod10 and everyone should take profits and de-risk as they see fit. My feeling is that with Vinay Gupta on board, advisors in Canada (isn't there another UK blockchain company in Canada?) and OTCQB imminent this feels very different.
I personally am not ramping this at all - the case for the NFT and mining is there and I have mentioned in previous posts there may be a placing for capital at some point in the future - there may not. I just don't see it happening until the OTC effect has happened as that wouldn't be sensible in terms of what could be raised. So plenty of road here IMO and I am not touching my shares until post OTC then will consider my risk appetite.
Just so we aren't disappointed - Argo first went to OTCPNK which took about 6 weeks (Oct - Dec) so I don't know if them going to OTCQB was less onerous as they were on OTC already. Just keeping my feet on the ground - but I certainly hope it is next week.
At the moment being on AQUIS helps people who want to invest here as it takes more effort so keeps some of the 'punts' away and lowers the entry point.
I think OTCQB (when it comes) will produce a huge re-rate.
ArgoBull - hello - good to see you here from Argo
I think the difference is that VLRM are actually taking affirmative action (CLP still talking about it - no RNS to say what they are doing).
OTC listing is obviously strategic to get the SP moving - possible when it peaks they will do a placing to secure mining capacity. They have also signed an agreement with Kyudoka to work on their strategy with them (Canadian ... say no more) so are being affirmative.
Very formative stages and a clear direction of travel which is why I am now invested and will see where it goes.
Only 64m shares in issues - some in very stick hands and as we know AQSE is not as accessible as LSE so OTCQB will inevitably increase demand.
What I do not think people get on this company is that it has now changed to be a blockchain company and has both advisors appointed and Vinay on board.
For people who are still harking on about UPPT or previous incarnations they are letting their historic bitterness colour there view - this is now a new company reborn and whilst there may be the same people involved it has real purpose.
When this lists on OTCQB the US investor will not have that baggage and wont let it affect their buying - they will see another undervalued UK Blockchain proposition.
The US took ARB from 10p to £2.70 and KR1 from 40p to £2 as they see the value - make your own judgement but £10m MCAP is just nothing in this space.
9am Monday morning - up 22%. OTC listing coming, Vinay Gupta on board, total focus on NFT and Mining.
64m shares available - some in very sticky hands - 1% traded in the first hour.....
Where will we be Friday - nothing new added here by me today - just excited at the prospect !
Tightly holding my 120,000 shares now - Have a good week all.
So VLRM have engaged Kyudoka to assist with the Blockchain strategy, North America (Cheap Canadian energy) and they have applied to be listed on OTCQB. A blockchain / mining company fairs much better in the US in terms of MCAP and ARB is evidence of that. VLRM have applied for OTCQB on 06/04/2021 using Galanopoulos who have worked with other AQSE crypto and blockchain companies (KR1 - who are one tier below on OTCPNK ?).
ARB applied for OTCQB on 29th December and was admitted on 13th January but they were on OTCPNK first so an upgrade rather than a new entry to OTC so it may take a little longer. ARB applied for OTCPNK in October and entered in December so two months so I think that is the outside timeframe.
So even if there is a need to raise funds think about it - you would let the OTCQB listing happen and then the SP will react and then if you did need to do a placing you would do so by less dilution at a higher SP. CLP has a £20m MCAP and has said they are going to re-activate their subsidiary Miner One and look to develop their own machines along with John Story connections (I am invested there also) but they have not progressed to where VLRM have and VLRM is 25% of their MCAP.
I think OTCQB could push to 40p at least - £20m MCAP nothing for a blockchain startup and then if they raise at 30p so be it - I am in at 9p on Friday - I would rather have a successful company that could get an MCAP of £100m+ (ARB c.£1bn but we are no ARB .... yet).
I think this is a great entry price - I got in to ARB at 43p and very happy with my exit there but this could be even better as there are very few shares in issue and so pressure to buy on OTCQB will definitely make the SP grow.
If you have done your research and decide to buy do not be put off by the AQSE barriers - some brokers do allow online (EQI for example) - my mate had to call and waited for 30 minutes but got his trade through in the end at just over 10p on Friday (he is on HL) but he is already happy based on the close on Friday. If this were on the LSE exchange there would definitely be more buying pressure but that means the entry point is still artificially low IMO if you think the blockchain strategy will work out so worth the effort to get on board.
Remember - DYOR and GLA - interesting few months ahead.
My broker is EQI.
You can trade AQUIS on line for the same fees as LSE but sometimes you have to route to dealer if there isnt any availability. When I bought my VLRM shares I routed to dealer but they were bought and in my account in an hour with no need to speak to anyone, just did a fill or kill order at my maximum price. I had the same with KR1 although they were more liquid when they hit OTCPNK because of demand.
Just for clarity - the operational mining figures will be on Wednesday 7th April not Tuesday. They have always been on the third day of market open in the past so I would not expect them on Tuesday (just trying to avoid disappointment if there is no RNS on Tuesday).
There may be a boost on Tuesday due to new tax year and people putting in to their ISAs - if they buy ARB of course.
Combos. You sound exactly like me. Decided to invest due to boredom of being in lockdown and just built from a small pot I could play with.
Disasters, there’s been a few, but then again too many to mention!
My real leg up on my pot came with ARB which is my biggest success to date but I think CLP could dwarf that return if they execute as I am still waiting for a ten bagger to come may way.
Mainly in anticipation of the Sipiem outcome the SP spiked to 4.5p. In the absence of news on BTC mining then we will probably drift around the 2p mark until beginning of May when expectation will build again. However I hope that FG will move BTC mining ahead and announce firm plans during the next month to relax all investors.
Feels like there is now no new news to uncover - it isnt as if people can find nuggets of information out there and so people have placed their bets and are waiting, just dont let boredom drive your decision, FG has clearly stated they are going in to crypto and John Story is on board, he has additional options at 2p so funding would be that route I would hope if needed but FG has already stated the 1.68m is sufficient to get the BTC mining up and running - my only wish would be to get an RNS saying they are mining again so we are up an running but lets see what April brings.
The BB has become more civil again now that we are down to less than 30 posts per day - lets keep it that way now - whilst cryptic RKB posts were both entertaining and informative and it is a shame he does not post anymore however the investment community goes on and sellers sell. You can always follow him on Twitter if you are interested in his views.
GLA
ICEMAN - I cannot fault your enthusiasm - we just need to see the action now and I agree, 10p is only c.80m MCAP.
If we could get BTC up and running and just mine 20 BTC per month that should be enough by my calcs:
if you assume $40k margin then that is 20 x $40k x 12 months = $9600k per annum margin @ 15x (conservative) = $144m valuation = £103m - 5x from where we are now (12.5p).
So I think we are all on board - just need to see the action now.
Don't see any ARB tie up myself as PW at ARB is on a mission to build ARB and I dont see what CLP actually could bring to what he has going on.
April I think is a bit of make or break for FG and CLP - they have to show their hand on Miner One and either provide concrete plans on mining or actually start up mining. Of all the supposed BTC shares out there I think CLP has the best potential from an SP perspective but we just need some action now.
John Story being involved is positive as the technical background of the BOD and they have confirmed the 1.68m raised with John Story and the placing is enough to get going (i.e. they dont need the court settlement on Sipiem to get underway) but the podcast had just a few of 'coulds' in it - we need an action plan / action and until that RNS drops I see just a trading band now whilst people wait to see if they can pull it off.
I am not a detractor and have (for me) a sizeable holding of over 1m shares having built up over the last few weeks and will hold now to see if FG can get mining underway - I hope any other investments do not distract him as this is where the money is at the moment and I believe we should get mining now with industry proven machinery to fund the R&D of AI and our own machines (if indeed that happens).
@Pictland
My only observation was that on his podcast on Friday FG said Serbia COULD be up and running in a few weeks, those were his words not assumptions. All I really want is clarity as to whether they intend to start mining imminently on the existing kit and add some more kit with the funding from Bitmain to generate revenues whilst the search for green energy / R&D customer machines.
FG saying / RNSing that Serbia (or somewhere else) is being re-activated is different to saying it could - that is my main point - and if it is being re-activated then it should be RNS as price sensitive (winding it down was).
All interesting but just would like clarity on that point from FG.