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Not yet, bit to go this year, Ian situation not looking good
The SP is likely to be heavily marked down at market opening tomorrow, so will the brave amongst you top up??
Excuse ! Typo . Staking rewards ( obviously depend on lido.dot.atim.tia price @ the relevant time of liquidation ) can vary between $1 & $3m).per month .si average projection say $2m per month = $24m per annum a d NOT £200K
All done here. Been a great ride.
Is staking income not already over £1 Million a month or am I mistaken there - Was thinking it could potentially be £100 Million Per Annum - have I got this wildly wrong
Funding - they get rewards from the projects - say $1m / m
Internal. Buy backs are a very welcome move. Granted that a dividend could've been a better use of cash. The company feels their shares are undervalued is one of the reasons they do it.
I'm assuming the income from staking and parachain rewards.
In Feb 2024 income was: £1,628,777
Interm accounts to the end of June show cash at £2.11m
PD
Where are KR1 going to find the funds from to buyback these shares?
An off the cuff calculation .
Crypto sphere keeps moving ing in same direction at same speed . No Black Swan events
We have
In 3 years . Possible 118m shares in issue. Possible NAV of £1 billion .(.based on a btc of $200k) staking income per annum £200k
Value per share £9 + or - a few %
=
Any one want to. Guesstimate the sp for q2 2017
Yes please, will have some of that.
Just increased my position with last 20% pyramid tranche.
Exellent move for LTH . Increases share value via EPS and goes some way to eliminate speculative churning. You dump . you risk losing your stash value permanently!!!
In one sense better than dividends . On a long term basis
NEXT RNS
Main market listing ?
Love it .
Goes a long way to reduce the extreme volatility
Yes it seems the 15% buyback can be approved every year. It’s in our interests and ‘might’ help stop the general complaint that they don’t care about shareholders..
does that rns indicate a possible 15% buy back proposal every agm ?
rocking horse ****
ho ho ho
RNS not showing:
KR1 plc (KR1:ASE), a leading digital asset investment company, announces that the Company is today issuing a circular (the "Circular") to Shareholders convening a General Meeting of the Company for 10.00 a.m. on 29 April 2024.
At the General Meeting, a resolution will be proposed seeking shareholder approval for KR1 to make market purchases of up to 14.99 per cent. of the Ordinary Shares currently in issue.
The Directors believe that, in common with many other listed companies, the Company should obtain from Shareholders a general authority to make market purchases of its Ordinary Shares on the stock exchange. Accordingly, the Board is seeking Shareholder approval at the Extraordinary General Meeting to make market purchases of up to 14.99 per cent. of the Ordinary Shares currently in issue.
If the Resolution is passed at the EGM, the Buy-Back Authority will give the Company authority to buy back its Ordinary Shares in the market as permitted by the Act and the Articles. Any Ordinary Shares bought back may be cancelled or held in treasury.
The Buy-Back Authority will expire at the conclusion of the annual general meeting of the Company to be held in 2025 (the "2025 AGM") or the date falling 18 months after the passing of the Resolution, whichever is the earlier. However, the Directors currently intend to ask Shareholders to renew this authority at the 2025 AGM and each subsequent annual general meeting thereafter.
The Resolution specifies the maximum number of shares which may be acquired (up to 14.99 per cent. of the Company’s issued ordinary share capital as at the date of the Extraordinary General Meeting) and the maximum prices at which they may be bought.
The Buy-Back Authority will be exercised only if the Directors believe that to do so would be in the best interests of Shareholders generally.
https://investors.kr1.io/investors/announcements/
PD
Thanks Rae, your comments appreciated. In truth, I discovered bitcoin
miners when someone on a stockhouse or stocktwits gold stock board
suggested he didnt think the gold stocks would perform as well as the
bitcoin miners (which i'd never heard of at the time). These were wise
words indeed. I then had (by far) my best ever investing year in 2021 by
switching my gold positions into Argo, KR1, Mara etc .
Now its the turn of the bitcoin miners to 'act heavy' - ie not respond to rises
in crypto prices - hence I returned the favour I got in 2021 by opening people's
eyes here to an alternative kind of miner - the precious metal variety. If I say I
like Pan American or Newmont on the KR1 board, the results will be negligible
to put it mildly.
However, although I think we see BTC over $125k and Silver over $50 this cycle,
my honest view is that if interest rates stay flat or even rise shortly, 'Sell in May
and go away' , will be the best advice to forewarn of a 30 - 50 % drop in Nasdaq
stocks over 6 months leading towards Christmas.
This type of drop would doubtless hurt crypto (and gold ) stocks very badly, but
then, finally, and at long last, a fantastic rally in BOTH classes would ensue. In the
meantime though, a blow-off top in stocks could help silver to maybe $30-$33,
BTC to $85k plus, so thats why i'm still playing for now. If i was smart enough I'd
buy some in vogue alt coins for what I see as this mini but powerful run , but i've
already proved to myself that i'd only pick the wrong ones ! Hence I like miners.
Am hoping , that during the next stock sell-off, Solana might go sub $100 again.
I'd like to own that again. Despite some teething problems, its got the makings of
of an ETH slayer. Hopefully - if Gavin comes up trumps, the same could be said for
DOT, but I have frankly been a bit disillusioned of late. Sorry for being long winded,
but thats my true position, honestly stated. If the assumed interest rate cuts dont
happen, or even get reversed, i intend to try my hand at shorting tech stocks in a
small way, which is an undertaking thats easier said than done well ! Thanks for putting
up with me guys. it actually helps me cement my thoughts to put pen to paper
in this way , but will shut-up now for a bit !
It says on the website we have exitted OST but in reality it died and our investment with it
July 21 - proactive investors quote
KR1 PLC (AQSE:KR1) said late Thursday it invested US$100,000 in the RedStone project in a financing round in return for a yet-to-be-determined amount of RedStone tokens.
RedStone is a next-generation cross-chain data oracle technology offering access to data, a full historic audit trail and an insurance-backed decentralised dispute mechanism that provides users with recourse in the event of inaccurate data provision.
Is this something we are Invested in - Is it a token launching? Anyone know what our Seed Investment was? - Or is this something totally different?
OP Chain Redstone announced the launch of its mainnet on May 1st, which will introduce a suite of on-chain applications and autonomous worlds, following a concerted effort by eight teams preparing their projects for the public debut. The OP Chain is built by Lattice, an engineering and product-focused company pushing the envelope of Ethereum applications and infrastructure.
Seriously, there's no need to apologise. I'm aware of what you're trying to do. Problem is, you won't get any credit if it goes up and people make money but if it hits the fan, your credibilty gets xxx and you've done some great posts on Kr1, long may it hopefully continue. Because of my respect for you, I'll keep an eye on these stocks.
Sorry RaeDae, our love of KR1 morphed into our second investment narrative.
I will be over at SILG.L LSE bulletin board with any future Silver mining comments.
The commodity is probably the most undervalued based on inflation adjusted all time highs, than anything on planet earth.
The producers are still deep value due to the operational leverage of high debt and low margins for so long, that you really don’t need to run the risk of licence issues, mine confiscation, and government royalties, and the guaranteed dilution often with warrants through none brokered private placements in none revenue generating explorers, project generators, and developers.
https://www.nasdaq.com/articles/3-strong-buy-silver-stocks-with-14-to-45-upside-potential
Trying to beat the benchmark with lottery tickets is fun, but unless you have hours per week spare to research, it’s easiest and safest just to buy UK listed, liquid ETF like SILG.L.
Hi guys, I'm sure you're top blokes but why this forum for silver stocks.
Western Alaska not on my platform , but I do like the chart very much. Bought
Vizsla silver today. Not a cheapie but stellar drill results time after time. One
or two of these stocks have more cash on their balance sheet than their market
caps, which is kinda nice. I like stuff for free. Pan American Silver, although a
giant, is like that too. They have 500 million ounces in Guatemala and another
500m in Argentina. Neither mine in production , so the market discounted both,
which is fine. Just means you get a billion silver ounces for free when you buy the
shares. Funny how goldbugs dismiss bitcoiners ...and vice versa. The truth is...
surely plenty of room for both asset classes to thrive, in the present circumstances.
Thats why we can all take a leaf from SK's book. This was one of my best ever trading
weeks. But will it continue into next week / month / year ? Who knows......
N
Golden Minerals Co
$0.71
+$0.13
21.90%
NEWD
Newfoundland Discovery Corp
$0.030
+$0.0050
20.00%
UFO
Alien Metals Ltd
GBX 0.14
+GBX 0.018
14.58%
LOD
Lode Gold Resources Inc
$0.045
+$0.0050
12.50%
ISVLF
IMPACT Silver Corp
$0.24
+$0.016
7.19%
ASM
Avino Silver & Gold Mines Ltd
$0.81
+$0.059
7.85%
YOUR LISTS
year ?
Golden Minerals Co
$0.71
+$0.13
21.90%
NEWD
Newfoundland Discovery Corp
$0.030
+$0.0050
20.00%
UFO
Alien Metals Ltd
GBX 0.14
+GBX 0.018
14.58%
LOD
Lode Gold Resources Inc
$0.045
+$0.0050
12.50%
ISVLF
IMPACT Silver Corp
$0.24
+$0.016
7.19%
ASM
Avino Silver & Gold Mines Ltd
$0.81
+$0.059
7.85%
YOUR LISTS
Most undervalued I can think of is Western Alaska.
Rackla doing nicely for is both then.