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There’s now a 40p discount on this company on NAV alone. Will it ever start to close the gap or is the SP destined to sit at around £1. It’s becoming tiresome in the extreme!
Yes
With the US retail investment floodgates opening, I wouldn't be surprised to see the likes of Grayscale hunting down discount to NAV opportunities globally. KR1 are vulnerable to buy and hold funds while the discount remains > 10%...or some long / hold funds may just mop up KR1 shares to enter at a discount. In any case this bull market is just starting and I expect to see 5x-10x increases in value over the next 2-3 years
Its a long term project. There has been only a few asset terminations and some havent even started yet so why worry what the sp against NAV is now. come back at XMAS and have a look !
Alt EWT oscillator prints green first time in 4 years usually lasts 700 days, stochastic RSI finally above 85 on monthly.
Locked in now with full position size.
At least we are consistently heading North. This very much in contrast with BTC miners, who are rushing
around like the proverbial headless chickens. Have to own up to a cardinal sin. Bought some gold mining
shares - until miners get their act together at least. Gold and their miners generally despised, but a run to
$4k wouldnt surprise me over next 2-3 years. Had some 10 baggers on gold juniors back in the 2007-11 gold
rush. Who knows ? Starting with big boys - Barrick etc. Gold rush starts with them, then trickles down to the
juniors as the bull builds steam. Much less correlated to general market which is a bonus. Bit off-topic sorry,
but still long KR1 and very happy with its performance - as a crypto junior, it does exactly what i'd expect.
Keep the posts coming this board is ghostly quiet, was in GGP from 0.18.
In Snowline and Hercules before majors B2 Gold and Barrick took a stake.
Think safest is GJGB.L GXDJ for now, as Au approaches and exceeds and holds new highs, folks expect political jurisdiction issues and risks to escalate. Look at FNV royalty streamer expected high P/E should be as safe as they come, but Cobre Panama issues pulled it down.
My switch Gold producers for Silver juniors later in the cycle.
Hey SK
I bought a little of the UK version of GDX, which has some Franco Nevada, did think
of adding an extra helping - you just reminded me thanks. Silver juniors are the big winners
long term - Fortuna, then Discovery metals etc...but only assuming silver breaks then stays
above $30k. My contention is - silver manipulated down by derivatives indirectly controls
the gold price. as they should run in tandem, if anything with silver leading. Silver was $50
in 1980, so has some catching up to do......
Yes, I have been conversing with David Brady in a private members forum for about 18 months, and am better schooled on his FIPEST method of timing and his own portfolio weightings, strategy and price targets. The opportunity cost of holidng Silver is high, inflation adjusted highs are even further away, being a critically strategic industrial metal, it’s probably best to swing trade on the same side of the boat as commercial banks like JPM, than freestyle as a private investor. Most Silver producers have Silver as a by product of base metals and have higher Gold production. So finding the ones with the best alpha and beta is fun. I monitor global commodity drill intersections lunch time every day, so I’ll be sure to let you know, when I get the next Silver discovery hole, once I’m invested of course.
Take care buddy!
KR1 - Keep Right on.e
MSTR now has a market cap of $29.4M, yet its crypto HODL of 205K BTC is only worth $14.8B, so it's at 2.0x HODL, whilst KR1 is only about 0.75x HODL. Ridiculous. 2.75x cheaper than MSTR and with more highly geared assets.
Thanks. Sandstorm worth a look as a cheaper more leveraged gold royalty co vs Franco.
I used to spend half my life checking drill results too ! Fun when your favorite junior hits
a glory hole and the sp triples in an afternoon....Phoebus - Saylor is the crypto Prince, has
a global fanbase, borrows money at 0.5 %, is about to get s and p listed, and bitcoin (thus
far) been much stronger than most alts...so its not as crazy as you think....(imo) ! I would buy
MISTR again on a juicy pullback.
Yes Drankwell, as I want liquidity in case of a deleveraging event I prefer UK listed ETF’s and ETC’s. SILG.L has a 24% weighting in the best Royalty and streamer Company with highest beta to Silver WPM.L.
Go to Rick Rules boot camps his Royalty one, Uranium and Silver ones were good. Best tickers for those that work like myself are the ETFs followed by the Royalty CO’s. The likes of Joe Mazumda prefer the even smaller ones like ELE, OGN etc.
https://www.juniorminingnetwork.com/mining-stocks/royalty-and-streaming-mining-stocks.html
Back to crypto what do you reckon to FETCH.ai, do you think it has room to run?
Hi SK, think we're almost on the same page - which is a rarity ! FETCH beyond my
paygrade - no idea sorry ! My alts centred around SOL, KSM and DOT, a tiny spash
of GLMR etc to spice things up, but I'm actually lightening right now to flip back
into BTC after a good run. Still hold some TIA, which I think / hope will bounce back
fairly soon.
Deleveraging event / Global liquidity crisis - nice terminology haha ! Gold and silver
charts looking quite aggressive - they damn well should, and about time. HUI gold
index ludicrously cheap vs metals, especially with crude sub 80 bucks.
I think sometimes about Barrick worth about 15 bn, with full scale mines in about
20 global locations, with a fleet of jumbo trucks at each, flotation mills, acid heap
leach etc etc , and then look at ETH at 500bn, or Nvidia at 2 trn, and really have to
wonder - what the hell is going on in this world ? If deleveraging happened, gold
much more likely than crypto to escape, or even advance, so gold / crypto is a good
risk / reward balancing act. Had a look through your royalty list, and opted to buy
Sandstorm. Small enough to grow / big enough to cope might sum it up. Good plan
to buy royalties for safety, mixed with juniors for capital gain, and big caps for stability.
Good plan, like it ! A bit wary of Rick Rule, have found some of his advice quite off target !
of monster
Feeling a bit like rinse and repeat…
Elon Musk stated that people would eventually be able to purchase Tesla automobiles with Dogecoin DOGE +8.69% DOGE +8.69%
$0.19
See Details
cryptocurrency during his recent visit to the company’s manufacturing plant, Giga Berlin. The car company already lets users purchase merchandise with Dogecoin.
“When can you buy Tesla with Dogecoin? At some point, I think we should enable that.” Musk said in a video uploaded by X user @dogeofficialceo, answering a query about car purchases with Dogecoin. “You can buy Tesla merch with Doge, which is cool. So, Dogecoin to the moon.”
Musk has previously expressed his fondness for the dog-themed memecoin on multiple occasions.
His latest support for the token follows his comments that may indicate a waning interest in cryptocurrencies in general. Last year, Musk mentioned that he no longer devotes much time to thinking about cryptocurrencies. The CEO of Tesla also stated on X that the social media platform, formerly known as Twitter, would “never” launch a crypto token.
Musk's comments have historically influenced Dogecoin's value.
Notably, Dogecoin's price increased by 6.9% in the past 24 hours to $0.185 at the time of writing, according to The Block’s price page. The cryptocurrency has surged nearly 100% year-to-date.
https://www.theblock.co/post/282407/elon-musk-tesla-with-dogecoin
Ethereum’s highly anticipated Dencun upgrade went live on the mainnet on Wednesday at 9:55 AM ET, at the beginning of epoch 269568, for those following on-chain.
According to developers, the upgrade will reduce transaction costs on Layer-2 to the extent that gas fees may become obsolete.
Apart from lowering transaction costs across Ethereum Layer-2 networks, the Dencun upgrade also massively expands the blockchain ecosystem’s capabilities. Following the implementation of the upgrade, settlement contracts across Layer-2 networks will incorporate it, a process that will take a couple of months. According to one Ethereum developer, once incorporated, gas fees on Layer-2 networks should immediately fall by 75%.
Ethereum developers held a live stream in the hours leading up to the upgrade and discussed different Ethereum Improvement Proposals (EIPs) that would be rolling out with Dencun. They also explained some of the new technologies and terminologies associated with Dencun, especially blobs, which are a new way to organize and send data across the Ethereum network.
Details Of The Upgrade- is a scalability-focused upgrade that includes EIP-4844, also called Proto-Danksharding. Proto-Danksharding creates a dedicated data channel for Layer-2 on Ethereum, significantly reducing transaction fees on rollups. The upgrade ships a total of 9 EIPs, tying it for the largest single fork in terms of number of improvements shipped. Following the upgrade, most users will begin seeing benefits within hours or days, as data blobs introduced by EIP-4844 significantly slash transaction fees. According to Hannes Graah, a builder at crypto wallet Zeal, this real-world benefit is driving huge anticipation for the upgrade.
“The Dencun upgrade brings us closer to a future where fees are an afterthought, not a dealbreaker. Just as we generally don’t worry about the cost of traditional domestic bank transfers, Web3 users should be able to transact without worrying about fees.”
Major Reactions
Aki Balogh, co-founder and CEO of DLC.Link has compared EIP-4844 to the NoSQL movement of 2010, which removed the constraints of structured SQL data through developments such as MongoDB.
“Giving developers large blobs of temporary data (deleted after 30 days) provides them the opportunity to innovate while not increasing load on the network. Similar to Mongo’s effect, this proposal will help innovation as dApps and chains find new ways to use the temp storage space.”
Gnosis’s head of infrastructure, Philippe Schommers, said that in contrast to scaling in Web2, the new data storage channel does not compromise on decentralization. Gnosis already implemented the Dencun upgrade on Monday. “When working towards scalability solutions on the blockchain, there are choices that developers have to make to prioritize decentralization. When you look at Web2 infrastructure, it’s easy to see how centralized scalability can be done, but that’s
The discount to NAV is starting to get a bit worrying now, at what point does the selling point of being a way to get exposure to higher risk/reward coins and tokens when there is no reward for the risk. I still feel like buybacks from the monthly income could be a good way to solve this
KR1 sp.movements do not make for a pleasant read . The very fact that someone dumped 120k of shares yesterday afternoon is enough of abred flag for me . Seems one will have to rethink strategy Regards my invested here . At a time when the sector is red hot 🔥. And tokens like SOL/ avax are blazing a trail whilst kr1 assets are in comparison treading water . However ! regardless of the performance of the nav ( celestia to one side) and regardless of the outstanding returns from staking .or the outstanding prospects for the business model . This time round the market is not attributing value to KR1.s portfolio. That is a massive concern as we all know how vulnerable these crypto stocks are to any downturn .
The sp has been manipulated now for months to satisfy some entities thirst for grip .for whatever reason kr1 has been targeted or its pure market forces dictating sp movements .
I find it very disappointing and extremly concerning that value is not coming to the fore whilst the Digital asset space is breaking new ground with the crypto market cap on the cusp of breaking through ath of $3T . Even without TIA in the portfolio I would have assumed KR1 Sp to be pushing £1.50 purely.on POS rewards and management standing .Granted DOT & ATOM are nowhere near the price achieved last bull run but bring in multi millions in rewards
Its not so much the fact of * what's not happening to the sp .* it's the danger of *what could happen to the sp *, when we start experiencing the harsh 30/40% retraces . The risk / reward ratio is alarming at current pattern
Not sure how other holders feel.but me ! I.m not comfortable holding a stock that is very fragile and quite clearly manipulated under in-sufficient volume . Like a gold plated very valuable rabbit in car headlines. Ya just wanna scoop it up out of harms way
The Red flag I am referring to is the fact that someone dumped £70K @ 0.91 and a £120K dump @ 0.896 friday afternoon, When Investors were happy to pay between 112/ 116 only a few days ago , OK We can say that KR1 sp is simply tracking the general day to day movements of the crypto market , Unfortunately Not ! The last 6 6/7 weeks or so Crypto market cap has gone from $1.7t to $2.8t + 60/70% increase,Some protocols 300/400% jump ,, whilst KR1 in comparison ( TIA token has increased KR1 nav by $120M ) moved from around 0.78 to 0.91 @ yesterday cop .
Its the weakness / vulnerability in SP that to me is driving my hesitation in HODL strategy from a solid extremely well run crypto basket fund in compased in a Tax free ISA wrap to alternative Digital Asset growth story that does move on supply & demand with the negative exposure to tax
Be interesting to get alternative views
The dump of 70000 shares at 91.5p was below the bid price at the time of trading, as was the 120000 share sale. Presumably the seller must have been desperate to offload and take the hit, due to placing trades well beyond normal market size? I was hoping for an upward move and had set up limit orders to sell at 115p and 125p because I was away from a screen for most of the day.
If Bitcoin continues to fall before the halving, then it will probably drag most other crypto down as well but a reversal to above $72k would change the picture?
Even small sells can be below the bid on this exchange. That’s why it’s hard to trade. As to who the seller is , there are a few who have suddenly gone bearish, ehem Botak, and just remember that words on a bulletin board really aren’t that upsetting and no malice is meant by it. Anyway the dice seem to have switched to the upside so you can always buy back in, albeit at a higher price. Wouldn’t want to be left behind after all this time eh?