Member Info for ART123

I see that SWC bought their latest batch of 325 bitcoins at an average purchase price of $112,157, despite the price during the period since their last announced purchase being as high as $123,000 and it is even at $118,000 today. As someone pointed out recently on here, when they are buying SWC use some thought and buy in stages rather than rush in and pay top dollar like they do here.

Just to be clear on my post with gold at $3338/oz and silver at £37.9/oz 1047g't AG is equivalent to 11.9g/t Au - which is a very good drill result

21 metres at 1,047g/t Ag from 10 metres

The value in $'s is equivalent to about 11.9g/t Au.

I agree fre1. So far COIN are fluking it but then of the 3 companies chasing after SWC, they are by far doing the best and getting the closest. The problem is that they just appear to have a lazy attitude. The placings are few and far between and they are far too slow in deploying the funds as soon as they are cleared.

Better late than never. And they still have more cash available and as yet unused. And they ended up paying absolute top dollar - $123,345 is the highest price paid so far today. The funds from the last placing were cleared last Tuesday, 8th, when they could have picked up more BTC for $108,000 - which is considerably less than the price they have paid today.

The only way not to have a ludicrous, bonkers and embarrassingly stupid MNAV is for COIN to buy more bitcoin - and to do 'more significant' raises. I think that is what the level-headed posters are trying to say.

Only a couple of weeks ago this share was ramped to f*ck (admittedly mainly by the US side of the listing) and peaked at 89p for a m/cap of £319M when all they owned was 43 bitcoin worth less than £4M. That ludicrous bubble burst with a bang and just over a week later COIN were doing a placing at 18p with a m/cap of about £65M. So who is being level-headed here. To be honest this is now overvalued again for the 88 bitcoins they own. But try telling that to the Americans - or the bunch on here who are equally after a fast buck.

ATB

Very funny.

You post: "I fail to understand why posters are saying "They should be buying more BTC" and "And the raises need to be bigger. " etc, etc."

And then you finish your post by saying: "Anyway, next week I think we will see more BTC purchases and a significant raise - all going to plan in my opinion."

That is exactly what posters keep saying - more BTC purchases and a bigger/significant raise - you idiot. Or did you just want to be the one who said it.

And the raises need to be bigger. There are new BTC Treasury companies starting with £10M raises these days. That needs to be the target here. They also still have, I believe, £5.5M of WRAP availability to use. The biggest raise here so far is £3.25M (

It's stupid. They say they have raised £11.62M but they have only used about £6.7M on BTC purchases. They should realise that it is the BTC purchases that drive the share price up. And they wil have to pay more for them if they haven't bought them already.

Great news.

https://www.londonstockexchange.com/news-article/POW/first-development-resources-ipo-update/17131158

The thing to bear in mind here is that a company with a £975M m/cap isn't going to move as quickly as a company with a £1M/£2M m/cap.

Maybe they should have used the recently raised funds to buy Bitcoin before the price of Bitcoin started to rise. Now they will get 10% less bitcoin for their money.

Time to do another fundraise, rather than sit around talking about it. And the £1M they raised recently doesn't appear to have been spent on bitcoin yet. Shame as they will now have to pay more for it (the bitcoin that is).

To get them at just over $108,000 they must have been bought by Tuesday, so maybe there are some more purchases already completed and yet to be announced.

At the moment, with Bitcoin poised for a breakout, it seems wise to buy the bitcoins as soon as the funds are cleared.

That's good - but he still had £31M of funds available which would have bought another 375 which are now going to cost a fair amount more.

I bet Mr Webley wishes he had bought the other 1000 bitcoins or so that he has the cleared funds to buy when it was still under $110,000. There may be a purchase RNS out today, otherwise he will be paying more for them and with it being Bitcoin week in the US next week, that could soon be considerably more.

I see that Wishbone has 4 or 5 bagged in the run up to drilling. I know that they are drilling for gold rather than gas/helium but it is in the same part of the world.

That would be nice. 5p to 25p with a placing completed between 15p and 20p so no one can be complaining as that is about as high as the share price has ever been.

Let's hope these bigger placings start soon then.

Sorry I apologise - COIN have 88.6327 Bitcoin - Total Value of Holdings: £7,099.022.81 ($9,659,152.65)

Oh and I haven't been including the funds from the exercising of the warrants in my calculations. That is the warrants priced at 3.75p.

Meanwhile:

SWC - 259 million shares @ £3.40 = m/cap £880M

COIN - 386 million shares at 24p = m/cap £93M

COIN did their first BTC Treasury raise on 15th May and in the subsequent 8 weeks they have raised £10M (not including any funds from the exercising of warrants).

SWC did their first raise at the IPO on 25th April and in the subsequent 8 weeks they have raised £57.32M.

However, if you exclude the IPO raise and go by the first equivalent raise on 8th May then in the subsequent 8 weeks SWC have raised £102.32M.

There is no comparison, hence the enormous disparity in the m/cap. COIN have some catching up to do. Maybe spending the rest of their available funds on BTC purchases and then getting on with the next placement might help move things along.

Meanwhile, as I said, COIN appear to be treating it like a pastime.