Gordon Stein, CFO of CleanTech Lithium, explains why CTL acquired the 23 Laguna Verde licenses. Watch the video here.
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"In this case buying the miner was better than buying the asset by quite some margin."
I completely agree but as it's not a direct linear/multiple relationship it makes little sense to fret over discontinuities between the SP and the price of BTC. They'll both go up over time and hopefully ARB will go up more.
@ibuystocksdie research and practice told me that.
If I invested £25k here at 10.5p so lets round it to 250k shares. When ARB hit £3 those shares were worth £750k.
If I had invested the same £25k into BTC directly at the same time, I think BTC was £14k then I would have had 1.78 BTC. Even at BTC recent high of $64k (£46k) I would have had £82,142. So by buying ARB this leveraged my BTC exposure quite significantly. Same goes with gold miners.
In this case buying the miner was better than buying the asset by quite some margin.
The difference is that MARA and RIOT have fallen from what I think is an overvalued position whilst ARB is falling from what I feel is an undervalued position. If or when we get onto nasdaq I think this will boost the sp simply as we will gain better access to a market where investors are more tuned into Crypto - but then of course the sp will still go up and down like all other shares do.
I say ARB is "undervalued" but that is just my opinion as I agree with HarChris that there is no such thing as a true value of a stock. There are only two values that matter - the price it actually is and the one you think it should be and everybody will have their own view on what that price is. Personally I think £1.67 is amazingly cheap given the strong financials and the future plans that will make them even stronger and so whatever the price does now, tomorrow or next week I am happy to wait until the market catches up (or I'm proved wrong).
@RobertCollier - "This will soon be heading up beyond £4 so enjoy the ride. Good luck to All...... not that it's needed as this is a given. BTC stock to flow has all the answers."
'all the answers' is quite a significant level of assumption
The MMs are pushing the price down to gather shares, it's a simple process of selling fractionally below the Ask this prevents the computers from move through the gears. They're then kick in an handful of sells at any any amount even as low as £1. This is picked ups by the computer as a sell and has no bearing on Volume. The clock ticks down.
They will Gather ready for the weekend as BTC has a tendency to climb and is now nearing the point of moving north. Hence gathering shares at the lowering Bid values ready for the big hike.
This will soon be heading up beyond £4 so enjoy the ride. Good luck to All...... not that it's needed as this is a given. BTC stock to flow has all the answers.
Riches within your reach. RC
dont get too worked up about nasdaq listing most of the cannabis stocks that placed on the Nasdaq promptly got dumped. miners are getting a beating just profit taking imo , ARB no different weak hands in UK selling shares , MARA RIOT NXt all down 5% ish yesterday. BTC ranging between 50-60k and prob will be for at least another week depends how the nasdaq gets on which is also stuck around 1350 GLA
"I'm in ARB as it is supposed to be a leveraged play against BTC"
Who told you that?
There was a video interview with the HUT8 Investor Relations person posted on this board a few days ago.
In it she was saying that the reason they don't talk about NASDAQ aplications is that institutional investors don't like it, and want to see discretion when it comes to potentially sensitive information.
The reason it's known about HUT8 applying (I think, again from this board) is that there are publicly available submissions at a certain point in the application process. Maybe we aren't quite at that stage yet.
Plus as 0134 pointed out , there is the quiet period.
@blubay I'm in ARB as it is supposed to be a leveraged play against BTC. But recently the leverage has been downwards only. I'm happy to hold my shares on a free run and see what happens.
@0134 thanks for the info. Interesting that HUT8 and Bitfarms have declared their strategy to join Nasdaq, maybe this was before registration so outside the quiet period.
@Magnum.PI
It is literally a Nasdaq thing.
https://www.nasdaq.com/glossary/q/quiet-period
@Magnum.PI - if you want your investment to track the price of BTC then just buy BTC. If you want a promising business investment that might or might not continue to outperform the trend of BTC then buy ARB. Don't expect ARB to track the daily movement of BTC.
Argo went down the last time BTC hit all time highs. Argo also goes down x2 the % drop of BTC. It's a real mind fk as to why we don't go up when BTC does as our HODL, margins and business value should increase or decrease with the movement.
With respect to compliance officer, I read that as a good thing and they will work with our SOC/SOX consultant. For OTC markets SOC/SOX compliance isn't necessary (but is good form) but it is necessary for NASDAQ. So joining the dots I believe we are in process for joining NASDAQ, However, I'm not sure I buy that this cannot be talked about (unless it's a UK thing) as Hut8 and Bitfarms have announced their intention to join NASDAQ.
We are currently undervalued, but the whole crypto mining sector is down quite significantly too. This happened with Gold miners in Q1 this year and is slowly recovering. I think waiting this out until sentiment returns is how I will play it.
In my opinion, £3 SP is high for its current position and which markets it was in. Part of the reason for the height was NASDAQ as we know in comparison to other miners, we should be trading $10+. However, the 8-10 week window since we qualified has long since passed and the recent job advert for a compliance officer say to me there have been some struggles. Due to this, the SP has started to fall and it is currently oversold but also means NASDAQ is nowhere near priced in anymore.