Member Info for Bitbuybit

$56,000

Let’s mine some of them....

Genuine answers only please

Could notification of this come as early as Monday?
Asking for a friend :-)

Bbb

Hi guys/gals,

Noticed Jen on other boards so wondered if there was any substance here. I looked at the company website and there are some big aspirations but not a lot else.
Can’t help thinking this will require further equity raises (and soon) to get near where it wants to be.

Part of me thinks that the recent fallback indicates a buying opportunity but I’m still no clearer on what I would be buying into. Have also read about Jack Bai - obviously lots of contacts and a very bright man.

Any bullish holders out there that can persuade me to part with my hard earned? I’m on the fence currently....

Matt

Best of luck all holders and please don’t moan about the equity suggestion unless you can tell me how much they have in the bank and their current cash burn x

Might be an opportunity to get back in if sentiment still high over there?

Thoughts?

Just got stopped out - thousands lost because of a speeding ticket.
Why?!?!?!!!

And they have just stuck another 20 million in for shares at what price 80p?
They see value here even after the recent rally - hold and wait for me

BBB

Agree that 6% isn’t that impressive - but the flip side is that this was growing with minimal marketing spend. Start up fashion businesses usually have to spend to acquire their customer base. What I like about this company is the age demographic which I think will lead to greater loyalty and significant recurring revenue.

Price now is below the 17p placing price and they have £3.9m to work with. I’m also pleased to hear the tie ups with Next and John Lewis are performing strongly.

Bottom pickers will be looking hard at this I’m sure!

Best of luck!

Looks very strong to me

GLAH

Sincere apologies - it was 13 posts, my bad!

Seems very quiet today. He couldn’t of hoodwinked us could he?
Was it 15 posts from Earl yesterday?
Maybe he/she is worn out from all the pumping.....

GLAH

Completely agree with your thoughts here. Next trading statement should provide the boost to get over 20p and stay there. Looking forward to it

GLAH

1) Yesterday 69 million of 389 million shares were traded - this represents over a 6th of the company’s ownership changing hands - average volume from yahoo finance is 6.57 million.
2) Placing and subscription on 16th September 2020 raised £1.4 million pounds - sufficient funding until September 2021
3) Following further investigation the company expects to provide an update to the prospective resources of PEL0034 in the latter part of January 2021.
4) The farm out process has begun with GBP beginning to contact potentially interested companies.
5) PEL0034 has unrisked gross 881 million barrels of oil of which 687 million are net to global.

I’m always fascinated when a board goes quiet the following day but these are the facts as stated in company documents and where otherwise located.

The odd post on Twitter with next to no followers and the spike at the end of yesterday makes me think there may be some good news coming for long suffering holders - BUT for me it’s definitely worth holding until the end of January.

GLAH and potential investors

Looks like there is huge potential here and with news incoming I’ve jumped aboard at 1.18.
For me they’ve secured funding recently and the market cap is sooo low for the obvious potential. Quietly confident here.
GLAH

When they had a massive resource of iron ore I think (Africa) - turned out to be utterly worthless and the company descended into penny share status. I lost my shirt then and am currently walking around in rags. Having said that, if you get in at the right price and know when to jump one or two may make money.

I will start doing a bit of research here because its caught my eye again - but 2 questions for anyone (if game)
What is the current financial situation (cash in bank today)
What is the current rate of cash burn? (Is further dilution imminent?)

If no response I will take a detailed look tomorrow as I am genuinely interested. But this was 27% up earlier and as I write its 5% down. Not for large amounts of cash (you will never get out) and definitely not for widows and orphans as they say.

Not involved yet but maybe very soon.

GLAH

I got too attached to this share and it has cost me dearly. I’m on the sidelines but even at a 20% drop I have zero appetite for getting involved. No news now until January one would suspect. Very relieved to be looking in for once but obviously it’s a choker for those that got stopped out. Not saying the dream is over but it will be one for the patient I suspect.

Good luck to those with the balls to hold - hope it comes good in the end

The movements here are fast. Will have to take that pullback as a good sign now the spread has tightened and buyers are coming in again. Bizarre that the spread went so wide (over 5%!)

Seems like it can go up just as quickly so will look in later

GLAH

Is that showing 12% up or 1.12% up?

Chance of a short squeeze?

After countless attempts at trying to trade this and countless attempts at getting it very badly wrong - I am now switching off lest I be tempted to sell at the wrong time. My dream was to own 10,000 of these but 5,000 is all i have now. Comforted by the articles I have read today and am holding tight. Must remember - there will ALWAYS be other opportunities.

GLAH