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It's just low volume and lack of interest at the moment, partly engineered and partly the uncertainty about forthcoming company news (i.e. will shareholders see it as positive or negative). It doesn't matter how high BTC goes in the meantime, if PIs choose to wait rather than buy shares then it's unlikely to move much, and the bigger fish will be content for it to sit low before buying up the IPO.

BTC has not started yet, much more upside to come this year

Just a lack of demand really, it’s not surprising that buyers would be cautious when we know there is an IPO coming. Until there’s public confirmation of that I would imagine it will remain fairly quiet. The updated analyst research last week points to a very comfortable value and there’s huge potential to go well beyond that but I don’t see it jumping around a lot this side of news.

I agree broadly with the analysts that 240-250p looks about right for now, based on results, but with strong growth prospects and bullish BTC price to add to that, maybe 270-280p. But I think the analysts will need clarity of detail and public confirmation about company development plans to raise their estimate towards its higher potential next year. The might come sooner or later, hopefully news about Texas on the back of confirmed NASDAQ listing.

What on earth is tiresome about BTC being 48% up in a month????

Would this kind of analysis suggests any challenges for Pluto?

oops, wrong midnight :-) don't worry it'll be up again soon

define 'bad day'? BTC is up from $44k to nearly $47k since midnight

"£1.29 is a Google price finish - not to be trusted"

As it happens, 129 was the final price post close. Again closing at the top of the offer price.

Open / Last close
125.00 / 129.00
High / Low
127.50 / 123.50
Bid / Offer
122.00 / 129.00

Yes, but the foreseeable is not a long time, it's a short term situation

Just accept that the situation is temporary and go for a walk or something. It's not likely to move while the current games are in play. It will move when that's resolved or there's an announcement about NASDAQ, which might be the same thing.

There's not going to be much interest from new buyers at higher prices until the big news or until supply dries up completely, but I imagine those currently controlling the positions will just continue to sell just enough at a marginal loss every time it does go up.

@BigPLan - "I am really worried that there's actually no gas at all and the only ones are in shallower targets which might not be enough to make it commercially viable."

Honestly, is that supposed to be a joke or just FUD? Where on earth is the helium found in high concentration in the upper layers coming from if not from lower down? The drill proves the concept of a large working helium system. There are challenges to drill and appraise the target depths but the drill increases not decreases the prospect.

It would if people stopped referring to it as 'a dud', or implying that the planning and execution was in some way inferior, that's complete nonsense. Wildcat drilling is risky, nothing out of the ordinary has happened. Tai-1 still has the same potential for discovery in the target layers that we couldn't log or appraise, if anything it's prospect is further de-risked.

@Duke - the most entertaining play at this point would be burning up the shorts by buying all the ARBKF on OTC this afternoon :-)

at the moment shorts are toast in the next 10 minutes, but the ARBKF targeted short play is probably unconnected with any BTC options

Shorts close at 8am Eastern Time

"If Bitcoin remains above $46,000 on Aug. 13 at 8:00 am ET, all of the 5,278 BTC put option contracts will become worthless."
https://cointelegraph.com/news/bitcoin-bulls-aim-for-50k-ahead-of-friday-s-675m-btc-options-expiry

around $46k will liquidate the short options expiry, pretty sure that's the desired landing zone if they can keep it up for another 20 minutes

There's really not much to break between here and $46.9k, then $47k is real probably the hurdle to watch for

"But sadly in the grand scheme of things 46,4k isn’t much higher than 45.8k"

That all depends on where you see the resistance levels being. If it continues to sit above $46k for the next half an hour until 8am ET then it's going higher this afternoon.