Member Info for CLSKBull

To be honest I was impressed by the speed of getting the second round in last week. So we're certainly a contender at this point.

Swc raising at 81p to buy more bitcoin. This aquis listed company went from 5p to £1 recently with their btc treasury strategy. Retraced a little but amazing to watch.

I don't hold them, but I do hold coin (coinsillium) and hoping it does similar. Anyone in either of these?

81p placing price, can you imagine if we saw that here...

Well called. Mostly insti money again with the text:

"Please note that the WRAP Retail Offer is being made in the United Kingdom as an exempt public offer, which is subject to a €8 million fundraising limit over a 12 month period. As a result of previous successful fundraises, the Company is only able to raise a maximum of approximately £400,000 through this WRAP Retail Offer. Consequently, applications may be scaled back, and the offer may close earlier than anticipated."

Rylidan - catalysts incoming are:

Placing churn clearing.

BTC buy announcements.

BTC breaking out.

James X factor - eg. some post going viral.

SWC did well as they got in first - but I'm not wanting to buy there as they've had their run already.

Sorry ignore that they are showing I'm being thick.

Just for awareness I bought more this morning on HL over an hour ago and my trades haven't shown up on Aquis.

So it seems these brokers have a stash that they are offloading to retail buys. Presumably related to the placing - annoying they are off-book in that way as it doesn't give a true reflection of volume.

https://www.aquis.eu/companies/COIN/trades

Trojan that's true but they can release a statement saying they are not aware of any reason for it, or saying they are on track, etc, to let the market know there's not bigger issues.

Large holders have seen the value of their holding halve in a two week period and not a word from management. It's all very disappointing - while gold sits at 3350 - this situation is clearly down to management failing to update PI's. I knew I shouldn't have invested on AIM, greed got the better of me. Let's hope for some blinder of an annual results release.

Yesterday's volume was in line with normal trading volume.

The 3 previous days were around 3x daily trading volume.

I'm still confused by the appearance and disappearance of the rampers on that first day - something was definitely going on there.

Overall less than 10% of shares traded hands in the last 4 days, 40-50mil shares above average (in total across the days). Clearly more sales than buys. It still could be forward selling, but they wouldn't be raising massive amounts on that volume. It's all very odd.

https://uk.finance.yahoo.com/quote/GRL.L/history/

25mil sounds a lot but it's less than £200k, over 5 days, which highlights a very small trading volume rather than a massive seller.

My guess is the 5 mil are delayed trades from yesterday. Today there seems to be very little going on.

Healthy, respectful, knowledgeable and considered debate on these LSE boards is a rare thing so kudos to all.

Very helpful for me to help weigh things up. On balance, I think this is currently priced to fail - which it may well do of course - but clearly the final results will give us the clarity we are currently missing to allow us to re-assess and I can wait a few more weeks for that.

HC yes, but no monthly update for over two months now. Hardly inspires faith in leadership. I'm sure we'd all welcome a "production was hit this month by rainy season but we're progressing with pits X/Y/Z". We presumably get final results at a similar time to last year, end June. Maybe we get no other update until then is how it looks at the moment. There was a question a while back about Emma's body language - is she shifty or just socially awkward. I thought the latter but I'm no longer as confident as the same thing happened with Peter Wall, his body language told the truth and I didn't read it (not socially awkward though). Anyway some good discussion this morning!

Thanks bbn for that, all good points.

It's two pronged, the share price action, and the delivery. I don't see evidence of production doubling as the "monthly" updates are not calendar months, it feels like they are doubling by reporting every two months. Would love them to come out with an rns that proves me wrong but my gut knows where this is heading and wasarunners post articulated it well.

Thanks wasarunner for your post. I must admit I'm struggling here and failing to see the clear risk reward that I thought was there tail end of last year. Seems a coin toss at the moment and Emma is not doing us any favours with radio silence.

Same with HL Bill my buys didn't come up so they must all be at it.

The government loves to protect us from making money. AIM scams and horse/sports betting are fine apparently. Bitcoin which has gone up since inception but we're protected from that. Make you think they don't want us plebs to make money.

Ok the 8m is fine to keep us going for a good number of cycles. The main thing is the flywheel spins, even if it is a bit clunky.

I would think that combined with some of the forward selling last week that we've mostly cycled through this glut.

If it is the insti's doing this then they'll want to do it again on the next raise, meaning COIN has a steady supply of cash on tap for future raises for further bitcoin buying.

Hopefully we get some BTC purchase announcements coming through next....