Member Info for ART123

I don't get it. It doesn't sound as if this has been properly thought through.

"Tiger Royalties and Investments Plc (AIM: TIR), an investment vehicle focused on incubating technology and mining projects, is pleased to announce its £250,000 investment in Standard Strategies (CSE - SBTC), a publicly traded Canadian company that is pioneering a portfolio approach to investing in Bitcoin (BTC) treasury companies. Tiger is subscribing for 20,374,449 in Standard Strategies, which will represent a holding of 26.39%."

If £250K is going to get TIR 26.39% of the enlarged post-placing company than that means that the m/cap of Standard Strategies post-placing is only just over £1M - which is much smaller than Tiger which has a m/cap of about £4.5M. Why don't TIR just set up their own Bitcoin Treasury Reserve Strategy.

Also I have found the Standard Strategy RNS - link below - and it say:

"Proceeds from the Offering will enable the Company to accelerate further development on the Company's technology platform to provide cloud-native, AI-powered enterprise analytics software to spur innovation in Bitcoin treasury management applications. As the Company would like to pursue and complete this development work as quickly as possible, and as the Company faces serious financial difficulties, the Company – with the support of all of its independent directors - will not be seeking prior shareholder approval with respect to Tiger's subscription in reliance on the exception set out under CSE Policy 4, Section 4.6(2)(b). This will enable the Company to close the Offering on a much more expeditious basis, better positioning it to respond to an ever changing Bitcoin and blockchain environment."

Who in their right minds invests in a company that admits they are "facing serious financial difficulties".

This sounds a poor investment, especially considering that a number of UK companies have already adopted the Bitcoin Treasury Reserve Strategy in the last month or so with overwhelming success.

https://www.newsfilecorp.com/release/255103/Standard-Strategies-Announces-Private-Placement

Wish they would. TIR as well. This is what I posted on the Tiger Resource board yesterday when their share price started to rise:

"Maybe they are about to jump on the bandwagon and announce a Bitcoin Treasury Reserve Strategy. You never know. After all they are in the crypto business."

Yeah, as I posted this morning at 10.21am:

"You can see what the poor communication here has done to the share price. The management are going on like a bunch of amateurs."

By poor communication I obviously meant not giving an update on the new Bitcoin Treasury Reserve Strategy.

About bloody time. Thanks for that.......

Yes and they will just charge online rates as long as the platform is still down.

I've just called them - H/L that is - and their trading platform is down at the moment. They are not sure when it will be sorted.

Finally something is happening here - despite some brokers, including IG Markets, not allowing trading. I have some on H/L too - but then I can't seem to get their platform to work at the moment on either my PC or mobile. It says that my list of accounts is currently unavailable.

You can see what the poor communication here has done to the share price. The management are going on like a bunch of amateurs.

The shares in issue and m/cap are showing incorrectly on here. There are actually 4,400 million shares in issue and the m/cap is £4.5M.

Maybe they are about to jump on the bandwagon and announce a Bitcoin Treasury Reserve Strategy. You never know. After all they are in the crypto business.

Moving back up - maybe back to £1 tomorrow with the US onboard..............

Maybe the Americans will take this up when they open. Someone posted yesterday that the listing there is now up and running. Apparently, it hit $2 at one stage - about £1.48p - which is almost 50% higher than the highest price so far over here. Bring it on!!

Maybe it's about time that ARB set up a Bitcoin Treasury Reserve Strategy. After all, they have been in the bitcoin business long enough. The Smarter Web Company have done so and increased their m/cap from £3.7M at the IPO at the end of April 2025 to nearly £200M simply by raising funds and buying bitcoin.

Sorry I forgot to include the link:

https://www.lse.co.uk/rns/SBAR/admission-to-aim-and-first-day-of-dealings-jub7mlisuq5h8de.html

For goodness sake read the Admission RNS from Sundae Bar. They are offering a marketplace for AI Agents:

"The sundae_bar platform is intended to streamline the AI ecosystem by creating a unified marketplace, seamlessly connecting AI agents with businesses and individuals. The sundae_bar platform will empower developers with tools to build, scale and monetise agents, whilst giving end users a trusted space to discover and implement AI solutions, transforming how AI innovations reach the market."

Cykel's Lucy is one of the first agents to be featured (as a Beta trial).

There is the outstanding bitcoin purchase announcement. By my reckoning, they still have a couple of million left over from the earlier placings.

Let's face it the retail investors have been holding this back. Now they have gone, they have upped the Bookbuild to a higher level. What's the next one going to be - £25M??

I'm not too sure why they need the extra funds as they haven't spent anywhere near the total amount they have raised so far. The 3 placings in May brought in a total of £12.52M before costs (£2.24M + £3.45M + £6.83M). I believe they also raised £1M at the time of the IPO, which can easily pay the bills for probably up to a year.

However, they have only bought bitcoin to the value of £6,540,000 (Total Bitcoin Holdings: 83.24 Bitcoin · Total Average Purchase Price: £78,567 per Bitcoin ($105,829 per Bitcoin) - Total Amount Purchased: £6,540,000). I'm not sure what the 'costs' are but £1 million for the 3 placings seems quite fair which would leave then with about £5M before today's further placing. If they spent the whole £5M on extra bitcoin it would get them about another 65 to add to the current 83 which would obviously bring the NAV down somehow.

I can't see what else they would do with the placing funds apart from buy Bitcoin. After this latest placing they will have about £13 million to spend.

Investor Call & Retail Engagement

In response to significant retail investor interest, management will host a live investor conference call on Monday 2 June 2025 at 10:00 BST (09:00 UTC). A brief presentation will be followed by an open Q&A session. Dial-in details and a webcast link will be published on the Company's website (www.defencetechnologies.com/investors) and via RNS Reach on 30 May 2025.

Is this still happening? Does anyone have a link?

02 June 2025

AIM: SYN

Cambay PSC Update

Synergia Energy Ltd ("Synergia Energy" or the "Company") announces the following update with respect to its Cambay PSC (WI: 50%), onshore India.

Further to the Company's 4 April 2025 announcement, Synergia's joint venture partner, Selan Exploration ("Selan"), has now secured a drilling rig and related drilling services from DEEP Industries Limited to drill the first of three new wells under the $20 million work program on the Cambay PSC, where Synergia is fully carried by Selan in exchange for a 50% working interest in the Cambay PSC. Selan anticipates the drilling will commence in September 2025.

Additionally, Selan has now contracted a 50 tonne workover rig and workover operations on existing legacy wells will re-commence during June 2025. Production has been intermittent from these legacy wells since production recommenced in April 2022.

They raised £1,550,000 in January, leaving them "fully capitalised to meet all the work programme commitments for Juno Project, including drilling which we expect in H2 this year".

Also that placing was done at 0.225p, considerably higher than today's share price, and the management at the time stated that the "fundraise represents a 246% increase to the last fundraise again highlighting the board's commitment to preserving shareholder value". They certainly won't raise further except at another premium to the last placing.

As far as I can see the Bitcoin Treasury Reserve Strategy is all about placings and buying bitcoin so I'm not sure where the deramping accusation comes from.

FYI placings are not a problem if they wish to go down this route - in fact they are essential.