George Frangeskides, Chairman at ALBA, explains why the Pilbara Lithium option ‘was too good to miss’. Watch the video here.
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Also Bitfarms, the recent fireside CLSK chat, they were talking about Canadian energy and basically saying anybody mining in Canada is going to be screwed in a month or so, because of rising energy prices. Anybody hear that? Bitfarms mines 41% of their ops in Quebec I believe. They are on my watchlist as ATM has crippled the SP but didn't know if there was anything to this?
It is another benefit of WULF, fixed price on their energy for 5 years, with 2 back to back 3 year renewals I believe. And one of the lowest prices in the sector already. With inflation, those rates they have locked down are going to look silly in a couple of years.
The thing with CLSK for me is it has already run some. Credit to the management for tapping the ATM when SP is flying. It will stand the company in really good stead for years to come but is it going to run another 6x from here? Same with MARA, is that going to be $50b+ mcap? They could do but seems there are more likely candidates for bigger moves % wise.
Is there anywhere that lists the dates for when miners release their monthly numbers?
You definitely don't Dags lad
"When A Man's Got Money In His Pocket, He Begins To Appreciate Peace"
Or as clint says in the good, bad and ugly. there are people with loaded guns and people that dig. which side are you on. the clever with loaded gun or the dumb , the diggers. on here it is clear who are the diggers. but it is a point. some people do know what they are doing and some do not.
Clean spark. positive. 1. expanding rapidly. 2. over a billion to spend to get to the position they want in the future which is massive. 3. bitcoin hodl. that will get bigger and bigger and as bitcoin rises worth a fortune. 4. probalby no need to dilute anymore till late 2025 because of having over a billion so great timescale. 5 strongest share price movement and clearly the winner so far over 12 months, 6 months. also this year. run your winners. 6 very low debt and can easily be payed off. 7. great set of results. so now the negative. directers share sales and timing of them not so clever. putting it altogether i still have clean spark as the numero uno going forward with tera wulf and mara at number 2 and number 3. may be some weakness very short term but that is the nature of the game we are in.
Swans, to a layman like me it looks pretty clear cut, im sure the lawyers are far more detailed and convoluted... but im sure you can have as many pre scheduled sales as you like but if its within a timeframe of insiders being aware of material non public information then the rules have been breached. Im sure if the sp goes lower people will look harder at this.
Mara went from 34 to 17 odd on its ATM announcement then the subsequent drop and CLSK hit 24 ish in ithat great cycle it had, if it does get beat up and go to 10 12 bucks could be a great time to buy in for me. We will see!
ClskBull Prager could be the biggest WULF of all he sold MARA Hardin x;) he knows a thing or two about a thing or two i reckon. Im probably wrong but I went with Migi instead, waiting for that to pump.... as that could easily go to a 100 million mcap imo.
Lol apart from CLSK all the miners look poised for a pump.
GL
Have these events made me think less of clsk management? Yes.
Do I trust any of the miner ceo's? No.
Wulf is an interesting one because of the high insider ownership. Interests more aligned potentially.
Chaebol that’s certainly food for thought.I am no lawyer and most commentators have brushed it off but it will be interesting to see where it plays out.
Hopefully we can all make big money I know nothing about crypto but have done very well off corzq and cleanspark this last few months
Swans I reckon they will get some form of SEC scrutiny on this or even some lawsuits , this part of 10b5-1 Insiders can buy or sell company stock as long as they adopt their trading plans in good faith before becoming aware of material nonpublic information2.
SEC Rule 10b5-1:
The Securities and Exchange Commission (SEC) has established Rule 10b5-1 under the Securities Exchange Act of 1934.
This rule provides an affirmative defense to insider trading liability under Section 10(b) and Rule 10b-5.
Insiders can buy or sell company stock as long as they adopt their trading plans in good faith before becoming aware of material nonpublic information2.
Recent amendments to Rule 10b5-1 aim to enhance investor protections against insider trading:
Cooling-off periods are required for persons other than issuers before trading can commence under a Rule 10b5-1 plan.
All persons entering into a Rule 10b5-1 plan must act in good faith with respect to the plan.
Directors and officers must include representations in their plans certifying that they are not aware of any material nonpublic information about the issuer or its securities.
The use of multiple overlapping trading plans is restricted, and reliance on the affirmative defense for a single-trade plan is limited to one per twelve-month period for all persons other than issuers.
Issuers are required to provide more comprehensive disclosure about their policies and procedures related to insider trading, including quarterly disclosure regarding the use of Rule 10b5-1 plans and other trading arrangements by directors and officers2.
Liability and Filing Requirements:
Liability for insider trading is generally based on Section 10 of the Securities Exchange Act of 1934 and Rule 10b-5, which prohibits manipulative and deceptive devices in connection with securities transactions3.
Anyone who becomes an insider must file SEC Form 3, the Initial Statement of Beneficial Ownership of Securities, within 10 days of assuming an insider role1.
More important is the growth of btc , what ever miner you are in you will make big money , I think Mara Will benefit the most , wulf imo could b one of the smaller miners to moon , but for me those s is a once in a life time opportunity, I don’t think we will get the big crashes we have had in previous bear markets, just hold a miner or micro and you will make life changing money
Wrong on both accounts.Notice had already been given on share sale.Timing was off and untasteful but it’s legal.Dilution has been going on with both Mara and Riot and the other miners.Whats important is where the money is spent.All these miners have big growth plans.
Mara is no better their cost per bitcoin is far too high. Market doesn't care about fundamentals just now though so all good.
IF we gonna go on 'useless' what about CLSK useless lies pumping the SP ?
Still in the presentation, they compare their sandbagged $/BTC against the "industry average".
The "industry average" from the Cantor report uses a low, but reasonable, 500 EH/s. For their own numbers, $CLSK uses 400 EH/s.
CLSK gave themselves a 20% boost and pumped the price all for the 800 million ATM and Fred's useless.
Do i get some popcorn or cornflakes xxx
https://twitter.com/penny_ether/status/1757105461956923512
I hold more much more mara than clsk just now, I don't believe in the company at all though as they are useless. Only care about what I think the share price will do.
Must have missed the part where he sold 2 tranches of shares 24 hours before a 800 million ATM.
Surely you should be worrying what CLSK are doing and not fading into MARA.
CLSK acted illegally with those share sales and its insider trading plain and simple but evil Fred evil mara.
Lol.
Fred needs to get off YouTube and sort out the issues. Around 100mil of lost revenue so far this year. What a clown.
It’s a simple massage from Fred , it’s only going up in the future, JUST HOLD , and add
For all you Mara fans, Fred's take on the halving...https://www.youtube.com/watch?v=GChnGgAo_iM
Thanks Chaebol, thanks for the insight and interesting to know you believe there's a good while yet. I was going to let price action dictate over timescales but am adaptable!
Just arrived in France with v ropey internet, might be stuck with my portfolio as is for the coming week or two, would make a change!
GLA
'when to start selling in relation to the halving...'
it's a great question that we would all love to know, keep my eyes open and carry on learning, I do believe this cycle to Oct, Nov can go over 200k but lets see how the ETF dynamic plays out......
ETF's have created new whales and dynamics and imo has brought the cycle forward earlier than expected.
Think the peak bull will hit by October November this year and maybe resurface Jan Feb 2025 really depends how the elections go in the US.
Fully agree with you pootinvestor spitfire isn't much better as he can't take a hoke
Scruff. i think we need to get closer to the halving to have more idea. and if we get a good run from here what percentage gains are made. you do not want to sell too early or too late if the run is up is substantial in bitcoin/ bitcoin miners. the speed of a rise will count in this case in my opinion. maybe some other posters can give imput on just before and straight after the halving.