Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
ok, just sold 22.5% of my holding here. That means that I've sold 30% since this rise.
I could be wrong of course but am more than on a free ride now and I'm not prepared to be taking the risk that I was when a director is selling.
Each to there own; not trying to influence; am still long term bullish; will still look to buy back in on any decent pullback.
The why did he sell the shares that he achieved through the warrants? I'm happy to be educated here.
So, about to list more thoroughly in the USA. New machines coming on line soon. Expected excellent Dec results soon, and a director sells now.
Anyone like to frame this selling as anything other than a negative on expected price movement? I'd love to hear that I'm missing something here.
Yes, it means dilution.
Hate these moves when prices rise higher. Frankly ****es me off, although you could argue that he deserves it for the work put in.
I do not personally see this as a positive at all. There is no need for an extra anything in the kitty if the operating profits are as we think. This is simply a bonus payment to staff .
If anyone can point me in the direction of further information on how many of these warrants are out there still then I'd be grateful.
DK89UK
You don't seem to have made any points here. None at all. All I see you doing is insulting people.
I don't suggest that you should be making outrageous price predictions, just that you should remember your manners and not act like an angry teenager. And a little further advice- remain humble; what the market gives it can take away.
DK89UK Obvious troll is obvious.
I'm happy to engage with a reasoned other view; hell I encourage another fact based opinion, but you are clearly here because you have nothing to do on a Wednesday night and enjoy winding people up. You seem to be the typical boring keyboard bully that brings no value whatsoever to a board such as this. What a waste of space.
So yesterday there were 60 million shares traded and today 40 million. That's 1/3 of the total shares traded in 2 days. This looks like a reaccumulation phase to me: the passing on of shares from those who bought in at a much lower price. Such phases are necessary before another leg up.
I'll admit to having sold 7.5% of my own position just in case I get the opportunity to buy back lower, but I'm holding on to the rest as the market structure and fundamentals look spot on here to me for a move higher.
My thoughts are:
For ARB to be valued on a similar level of its peers we are looking at a 100-200% rise from here.
I expect BTC to double/triple or even quadruple in price over the next 12-24 months.
Looking at the low end of this gives me a a 2-4 bagger from todays price.
High end of this 6-10 bagger.
Obviously all very much back of a fag packet calculations, but this is my ball park thinking here.
Thanks Tom, not sure why I couldn't find it before! I see it's based in China, which is a little bit of a draw back to me. I did see Blonity's work on this one and looks like it has pumped well over the last week or two.
I couldn't find btbt. Only use HL in fairness and so perhaps not surprising. Where are you looking to potentially buy it Drankwell?
Dealop, in fairness Funky Finance is currently accurate. Mara's new hardware will not be in place before the 4th quarter, and has not yet started to be delivered/installed. As things stand Funky's video is pretty accurate.
You could argue that he should look more at how many BTC are hodled by companies, but the areas that he explored were reasonably well done.
My understanding is that it would not be easy.
For example, to change to Ethereum would not be possible as you need completely different machines. However, given that Ethereum is (admittedly slowly) moving away from proof of work (mining) to proof of stake (staking), then this would not look like a good idea anyway.
BTC is the most reliable , trusted crypto. I'm happy for the company to focus on the most important horse in this race.
Not all upward gaps are filled. A gap upwards can (as in this case) be a sign of strong demand driving the price. That is strong momentum.
Nothing to indicate a near 50% drop here atm, with only interesting news to come in the short term - further OTC listing and Dec results.
Crypto is volatile and anything is possible of course, but a drop to close the gap does not look probable at this time.
I'd not like dilution in order to hodl more coins nor for any other reason that I can think of at this stage.
The industry is risky enough for me as it is. I don't leverage my investments in crypto and do not want the companies that I invest in to do so either.
Even a raise to buy more equipment is not something that I'd like at this point. With the delays in delivery and other issues with Bitmain I'm happy for the company to keep behaving as it currently is and work us towards a NASDAQ listing in the USA. Now if the company wished to use some profits to invest in more miners that would be delivered in the first half of 2021 then this would be a different conversation.
Thanks for the heads up on a large dump tomorrow!
Not that I blame you; congratulations sir.
Hi Matt,
There's nothing to suggest that a ban is on the cards any time soon. Nothin is impossible of course, but Brian Brookes of the OOC, USA recently stated that they are not going to ban BTC. Also, banks in USA have recently been authorised to offer custody of BTC.
Of course BTC has its enemies in the old guard, banking world, but so far the trajectory of travel is towards regulation to enable institutions to make money from it rather than any move towards banning.
It's a little long, but is an interesting conversation on btc price over the next couple of months and next year or two. Pour a wine and relax.
https://twitter.com/woonomic
I appreciate the excitement here, and have been in since 6.5p so am not immune to it (although admit to averaging up last week after selling some Hive). But I'll wait to see what the BTC price is on Tuesday before getting into price predictions. We all know how quickly BTC can move in price. 3 days is like 3 years in a traditional stock!
Apologies Jabba, response was to Slowroll.
Merry Christmas both.
Getting a little ahead of ourselves with the death of fiat Jabba. It's not going anywhere for a decade at least. It will evolve with CBDC etc but it is not about to role over and die. Thankfully for BTC to succeed as an asset class we are not reliant upon the complete devastation of the worlds economy. The simple mismanagement of it is enough for BTC to be recognized as an asset class by those with the deepest pockets, and this current situation is all that is needed for ARB to do well imo.
Hive took on debt today, and provided a terribly poor shareholders update the night before last. Thankfully I took 85% of investment out of there this week. I think they will bounce back from the 30% odd drop, but really ARB is looking a lot better atm.