Rainbow Rare Earths Phalaborwa project shaping up to be one of the lowest cost producers globally. Watch the video here.
London South East prides itself on its community spirit, and in order to keep the chat section problem free, we ask all members to follow these simple rules. In these rules, we refer to ourselves as "we", "us", "our". The user of the website is referred to as "you" and "your".
By posting on our share chat boards you are agreeing to the following:
The IP address of all posts is recorded to aid in enforcing these conditions. As a user you agree to any information you have entered being stored in a database. You agree that we have the right to remove, edit, move or close any topic or board at any time should we see fit. You agree that we have the right to remove any post without notice. You agree that we have the right to suspend your account without notice.
Please note some users may not behave properly and may post content that is misleading, untrue or offensive.
It is not possible for us to fully monitor all content all of the time but where we have actually received notice of any content that is potentially misleading, untrue, offensive, unlawful, infringes third party rights or is potentially in breach of these terms and conditions, then we will review such content, decide whether to remove it from this website and act accordingly.
Premium Members are members that have a premium subscription with London South East. You can subscribe here.
London South East does not endorse such members, and posts should not be construed as advice and represent the opinions of the authors, not those of London South East Ltd, or its affiliates.
USA market opens 2:30 UK time
Jfall, it tracks mostly USA bitcoin miners ...so they fell heavily on Friday and should rise today on bitcoin recovery...
Lovely price this morning to add, thank you US profit takers.
Isnt this Etf suppose to track Cypocurrency and especially bitcoin so why are we 10% down when TC has increased by 2,000 since Friday?
Jinkar, sounds logical ! There must be a recovery in the USA looking at the rise in BTC
🫡Bought some more this morning. Last trading day was a train wreck. BTC up so hoping for a quick bounce back this afternoon. Easy money if it all goes to plan🤯
Well, I don't know for certain. My assumption is that they will approve. My decisions are around staying long or trading around the "approval". Bloodbath today after sunny uplands yesterday, ces't la vie avec crypto. If Michael Saylor has the minerals to buy $615m of BTC at an average of $42k then I should probably side with him.
Jin, do you think then that the FDA won't approve ? .... as you wrote (non) approval
Price adjusting to the pre-market. Possibly open down in the USA after yesterday!!!!
@🐶, £7 long term easy reach. Short term focus on just before and just after ETF (non)approval.
Btc seams to have found a level @43000 , guess everyone is now waiting for the FDA decision re the ETF ...yes or no .
Jin, we had a great rise yesterday and steady today. Hopefully we will continue to trickle up most days and follow what happens in the USA . £7 easily achieved 🤞
£7 end of weeK?
Good luck all.
Bitcoin’s 2023 rally drove some of the stock market’s biggest gains this year
PUBLISHED WED, DEC 27 20238:30 AM ESTUPDATED WED, DEC 27 2023AT 4:16 EST
thumbnail
Ari Levy
For crypto bulls, the most lucrative bets in 2023 were in the stock market.
While bitcoin rallied over 150% for the year, shares of Coinbase, MicroStrategy and the Grayscale Bitcoin Trust, which are all tied closely to the digital currency, did substantially better, rising more than 300% in value. Bitcoin miner Marathon Digital soared 688%.
Not only have those stocks outperformed the primary cryptocurrency, but they’ve been among the biggest gainers across the whole U.S. market. In the universe of publicly traded U.S. businesses with a market value of at least $5 billion, the four bitcoin-tied stocks were among the eight best performers, according to FactSet.
Good job this low expense ratio, liquid ETF has MARA, Coinbase and Microstrategy as it’s 1st, 2nd and 6th largest holdings as at 27th December 2023.
'All I Want For Christmas Is Bitcoin': Canaccord Genuity Raises Price Target For Michael Saylor's Microstrategy After Company Adds $615M Worth Of BTC
by
Mehab Qureshi, Benzinga Staff Writer
December 28, 2023 1:28
Premium Placing on MSTR Shares
MicroStrategy’s proactive approach in accumulating Bitcoin has caused its share price to outstrip the value of its Bitcoin holdings. "Importantly, as MSTR shares continue to appreciate faster than the company’s underlying BTC HODL, the premium at which the stock trades to underlying spot also increases. We now estimate MSTR shares to trade at ~36% to Bitcoin," the analyst note read.
Relative Scarcity of MSTR Shares
Analysts highlight a scarcity premium attached to MSTR shares as investors seek Bitcoin exposure with comparably lower operational risk.
Unlike crypto exchanges or bitcoin mining companies, MicroStrategy’s primarily software-driven business model, characterized as “sticky, highly recurring, and cash flow rich,” presents a safer bet for investors. As a result, the company’s business intelligence software equates to less than 15% of the enterprise value—now dominated by its considerable Bitcoin portfolio.
As of 27th December MSTR was DAGB (DAPP) 6th largest holding…….nice.
🚀 "Dec 27 (Reuters) MicroStrategy said on Wednesday it had bought bitcoin worth about $615.7 million in cash, amid growing expectations that the top U.S. markets regulator will soon approve a spot bitcoin exchange traded fund (ETF).
The company and its subsidiaries purchased about 14,620 bitcoins at an average price of roughly $42,110 between Nov. 30 and Dec. 26, according to a regulatory filing.
Shares of the Virginia-based company jumped 8% in afternoon trading. MicroStrategy has surged over 350% this year, while bitcoin has gained nearly 160%.
"This is not a short-term trading strategy but rather reflects a belief that bitcoin will ultimately prove a superior store of value," said analysts at TD Cowen.
MicroStrategy, which began buying the cryptocurrency in 2020, said it together with subsidiaries now holds about 189,150 bitcoins bought for about $5.9 billion.
The company has said its bitcoin investments are intended as long-term holdings and that it expects to continue to accumulate the world's biggest and best-known cryptocurrency.
Like I said Saylor is not selling😁.
Van Eck Digital assets ETF DAPP DAGB.L
NPV of DAGB holdings of Bitcoin HODL held in the constituent companies balance sheets with BTC at new all time highs during 2024, should hopefully mean this bulletin board is full of private investors discussing their gains.
How Many Bitcoins do the Top Bitcoin Mining Companies Own?
The top 14 Bitcoin mining companies currently hold a combined 38,903 BTC. However, this is just 0.18% of the maximum 21 million BTC supply, and significantly less than MicroStrategy’s 152,333 BTC holdings.
Marathon Digital, Hut 8 Mining Corp, and Riot Platforms are the top three publicly-listed Bitcoin mining companies with the most Bitcoins owned. The three companies collectively hold 30,401 BTC or 78% of the total BTC holdings among the leading mining companies.
Each of the top three Bitcoin mining companies holds more than 3,000 BTC. In contrast, the remaining 11 companies each hold less than 3,000 BTC, amounting to a combined total of 8,502 BTC.
Jinkar, looks like I need to review the top ten , good to be in a diverse portfolio of stocks .
Lots of peeps not used to DCF valuation models, Will FOMO into ARB, without doing due diligence which is fine, as I held it last cycle from 4 to near the top, but the dilution and balance sheet mean it’s nowhere near the same company. Fortunately for us, DAGB.L has Canaan as its third biggest holding as at 22nd December the only miner with the best operating margin.
🚀🌛 the stocks not in the top ten going great guns led by Bakkt.
Looks like the top10 holdings of DAGB are doing great today over in the US ! We should continue to rise ! As posted earlier by Sin, DAGB are tracking great stocks !
WULF and BTBT going the best today so far😁.
Talk of bitcoin taking one of its typical 30% dips is going the rounds. However, no more than 10% pullbacks is the reality in the current environment of waiting for a Spot Bitcoin ETF announcement.
Typical Bitcoin Corrections
Bull markets over bitcoin’s short history have always been punctuated by deep corrections of around 30% or so on average. In 2021 the price of $BTC even fell 55% before rising again to its double top before the end of the year.
Therefore, it’s really not unusual to see these dips after some months of upward price action. So far in this bull market, $BTC has undergone three dips to the tune of around 20% each time.
The current hiatus for the runaway train that is bitcoin has only reached as far as 10.7%, and it appears that $BTC is really not interested in dipping too much further, as every time the price starts dropping it is quickly bought up by those wishing to take advantage of what they perceive as the positive price action to come, once the first Spot Bitcoin ETFs are announced, and that potentially in the next two weeks.
Zooming into the price action since early in December, several support and resistance levels can be seen, within which $BTC is ranging sideways. The top of the range is at $44,250, while the bottom can be found at $40,550.
The question that could be asked here is whether $BTC will continue within this range for the next two weeks? This will probably be decided by the amount of $BTC that bulls buy during this consolidation period. It might be that as the potential date of 10 January gets nearer, the buying might become more intense, and $BTC leaves this range and continues toward a possible target of $48,000 to $50,000.
I hold MARA , but considering selling and putting the funds into this to lessen risk .