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Well actually there were funds talking about 100k Bitcoin so it could've gone either way. I think a slight correction was in order but the hit has been pretty big. Doesn't help all the coins now saturating the market with no value to them.
To be honest the VRLM bridge would've been perfect right now as it could've acted as a "shelter" from the volatility of market correction. Gib really need to get shifting on this if they want to see revenue coming in
Sab
Looks like we are dropping further today. MCAP looks crazy cheap now considering funding is in place, but not sure anybody saw this Crypto crash coming. Hopefully a turnaround soon, but markets are painful right now.
San
The SP reflects a binary play and investors are clearly nervous about this one, so you go with the small snippets of information on the geology and hope its accurate. This will determine hold or sell. I took the following from the interview
- The seal is exactly what was expected. A thick crust in that part of the world which can withstand seismological movements and pressure from the Hydrocrabons
-The updip / down dip formation to predict the flow location
-Legacy drilling on dry reservoir locations by Chevron aligns with the movement of gas away from that location following the dip formation
-The confidence in the rock formation
-No chimney or exit points located in the vicinity for Gas to exit.
-Acknowledgment of actual hydrocarbons in the trap from the data posted last week
Obviously it can go the complete opposite way, but im happy to play this one out and see what happens. I posted on my twitter page Sanboy83, a really good link on the importance of a strong seal in gas exploration if people are interested
As always DYOR
San
Just seen this as i dont come on here much. My slice has always been £1, but leaving my long term shares in to see where the company gets to with the product. The long term shares i talk about are in my SIPP, LISA , Pension, Kids ISA etc as i dont really look at those as needing to be in profit right now. My Company invests in this stock and those are the ones that I'm looking to cut.
For what its worth, i have never signed up to the £10 statements and am a lot more realistic in targets. The revenue could be eyewatering on this but i see that as long term when the bridge is fully adopted and loads of trades happening. Need the traffic for that and visibility, which i think the company were doing in the US at the start of the year.
San
MMS were keeping the spread wide for so long to get the placing churned and then breakout on the ASK and closing on the spread with a rise on the BID. I did post on Twitter that i thought the churn may have stopped or reduced around 2hours before close. Doesnt mean it wont start tomorrow, but delayed trades may indicate whether its stopped. Worth looking at whether any delayed sells pop in with a timestamp from 14:30 onwards
San
Ramping the share? You really are a very silly sausage London. Not sure the statement below says Ramp to me. I think I wrote it in English. My exit price is realistic and it will hit, as do all my shares that I own. You wonder why people don't post on here anymore and then you see that. Jesus Wept
San
Pretty painful at the moment across the whole of Crypto and any stock connected to it. It will turn as the big funds buy back in after manufacturing the drop to get bitcoin on the cheap. Best to switch off or sell up if you believe this investment is dead. Personally im in and wont be selling until my target has been hit. Go out enjoy the sun and be thankful that you aren't in the middle of the Donbas.
San
In all honesty i really dont understand todays price action. Huge buy printed, more buys than sells but the SP is plummeting. No answers to that. I completely get people selling out as the company really havent done enough by way of comms. However, really cant see the value in selling at these levels with the trading range between here and mid to high 30's. Fundamentals still the same but need something out sharpish
San
So i had some spare time over lunch so fancied a bit of a "debate". The following are KGR posts over the last year, which indicates losses on almost all shares he is in. I think you bought in high in VLRM also
PHE
Not a day trader , bought last year , lost a packet....about 10 months later down 50%.
Not the best investment really.
30p in a few years ....thats the best one ive heard today lol, but ill probably still be here to break even by then.
COIN
Yep, no real twitter action on this....feels like its time to take a hit and move maybe release half of my holding to other BS sticks pumping with no real fundamentals...crazy
HUR
Sack of ****
Worst investment I've ever made (in a year)
Feel sorry for those who still have hope
AMGO
Withdrew half my shares . did the very same yesterday, as you know you need to react to the reactions -ve or +ve
San
There you go folks. Unfortunately you cant reason with some people. I imagine you are in the hole significantly and this will continue to be the case on future stock you invest in. I would suggest you stop investing and take up something else, as you don't have the Patience, Market Mechanics Knowledge or general Maturity for this game.... Very Silly sausage indeed
San
No value in that post whatsoever, and you wonder why so many people have vacated LSE boards. If you understood the markets you will know that traders will buy at a low range then sell into a rise. This happens on every single share and VLRM is not immune to it. Traders will get there 10-15% and move on. The LTHs wait until news hits to see the rerate. I have no issue with either strategy, but you seem to. The rise yesterday was nothing more than a new buyer coming in. No fundamental change to warrant the increase.
KGR this isnt financial advice, but i strongly suggest you assess whether you should be holding VLRM as your posts indicate that you are either
a) overexposed
b) Impatient
c) Need the money
For what its worth i held GGP for 4 years and at one point i was down over 70%. I made over 1200% before selling in mid 20's. Not a brag statement but more to highlight that patients pays off if the investment os sound. Only been holding VLRM for just over 1 year
San
Actually its common to do that. A big order will be worked through and the MMS can short the stock (Shown as a sell) or move stock around to show sells. This stimulates the market to either buy against it or Sell. Take a look at the activity once the 450k was declared, 50k, 50k, 25k and then the 83k non rounded sell. The MMS are trying to get to a point when they know they can make a market thats most lucrative to them. Most of the big buys today were delayed but the big rounded sells came through immediately.
As for comments here about pump and dump, the stock movement and notable reduction in "Visible" freefloat means that the shares are becoming more sticky. When you look at the share register update and the days of heightened sells, it almost aligns to the reduction in JIM shares. They are being eaten up as per the April update (I posted this on twitter if you don't have access Sanboy83). Also whats notable is Lenigas still holds 7m, which i would believe as i would think its serious to falsify the register of shareholders.
For me its pretty easy. SP movement like this means nothing. I'm invested in this stock and only trade Russian mining stock at the moment as its the most lucrative for daily gains (Bit like COVID stock during the pandemic). Any profit goes in here and i start another position. Its pretty simple here. Either hold the stock as you believe it will make you significant profit or sell and move onto something that has a better investment case. Im not sure there are many stock better than this because they all have either
a) Significant Debt and dilution
b)huge capex costs
c)exposed to Russia / Ukraine conflict
d) Awaiting FDA approval or waiting on clinical trials
VLRM has funding, deals approved and minimal capex costs. The risk here is Gib rejecting the deal, which, based on research seems very unlikely.
San
Its good to have a diverse portfolio, but I have seen many more Pharma and Mining explorers collapse than Fintech companies meeting a specific demand in a stable market. Admittedly there maybe more experienced folk here as im 7 years in so still a newbie to this game. However that all said the biggest return on investment was on an explorer (GGP)and on PHARMA (NCYT )
sAN
So here is a question, which is more risky
A) Investing in a Gold Explorer drilling core holes in a license in Australia which will then need a JV agreed to extract the stuff in 7 years time
b) Investing in a Pharma company awaiting Phase 3 trial results on a new Respiratory Drug which will then require FDA approval and then agreed sales contracts
C) Investing in a Fintech company buying an *established exchange , which will then need capex cost to convert the exchange into a digital trading platform that can sit on a (Potentially) 10% owned tech (Gate) linked to an available blockchain.
*Has 2500+ securities hosted at a value of $5 Billion
San