Member Info for CLSKBull

FB, if you're not part of the solution you're part of the problem. Start some Argo threads

The other debt has twice the interest rate so best to pay it off first.

Stino - I'm actually very impressed that we have someone with a clue in charge of this company. As per the Feb RNS:

"The Board is pleased to announce the appointment of Lorna Blaisse, currently Principal Geologist at Helium One, as CEO of the Company with immediate effect and, following completion of the required AIM regulatory due diligence, it is intended that Lorna be appointed as a Director of the Company.

Lorna is a skilled Exploration Geologist with over 17 years' experience in exploration and appraisal of oil and gas projects across Africa. She has direct experience of rift basin geology, having worked in the Lake Albert Rift Basin in Uganda, the Termit Basin in Chad as well as operational experience managing and delivering successful exploration campaigns in Central and East Africa. "

So we have someone in charge that knows what needs to be done instead of some self serving AIM CEO.

CEO was appointed in Feb and was a Geologist before that - I wouldn't expect her to have mega-funds to buy up shares.

People on this board are saying very bearish and very bullish things - up to each of us to make our own minds up. Any investment you make, the money is at risk. If you're not comfortable with your investment you're probably over exposed and should adjust accordingly.

Even better odds then.

Stino - sounds like it's a bit too much risk for your liking. If you have strong doubts you should certainly think about selling/de-risking. For me it's an asymmetric bet. Two chances to find helium - if they find it on either, I likely get much more than double my investment back. If they don't, then I lose the investment (probably not 100% of it either). I like these odds. However no one should be investing with money they can't afford to lose (on any share).

Stino, yes ideally the directors/leaders would have more skin in the game than they currently do. If these two drills fail to find helium it's clearly no good for holders, however if they are successful then there should be very nice returns.

Stino, yes this is a high risk, high reward play. Anyone not aware of the worst case and best case should not be touching this (or any share for that matter).

Yes we were told with certainty that the placement shares coming onto the market today would drive this below 6. Those people seem to have disappeared. Glad I didn't listen to them.

The merger vote went through. Think it's saying 30 sep for completion. One to watch.

https://hut8.io/2023/09/12/hut-8-announces-voting-results-from-special-meeting/

"Question really is what price do the deriskers aim for?"

Anything 10 or above would be amazing to de-risk at. Although I'm not wedded to a target - will just see what happens. I'm sure I won't get the timing perfect and I'm fine with that.

Not sure if you mean me WWP - I'm certainly not paid for - I'm in here for a trade and I see it as an asymmetric bet (with two chances given the two drill sites).

I think price will go up in anticipation of the drill results and I will derisk if it does this, and leave a good amount to run in the hopes that they find something (best case).

If I'm wrong (often am) then I lose money. I'm sure others are doing the same.

Ok it's open again now, got some more - you'll see some large trades at a higher price paid from me. Good luck all.

WWP - I still can't buy - hopefully you're right and it dumps in the morning and I can get them then cheaper - although I have my doubts.

WWP, I've been buying just now and they seem to have run out of shares to sell me - hopefully it will sort itself out soon and I can buy some more.

There's no interest in the sector at the moment. I'm not looking to get out to save my skin, I still want a good return - and I still require a BTC ATH to achieve that. After this I'll be looking at exit opportunities.

Yeah - unless BTC really runs I don't see US miners as a viable business going forward. I am 100% committed to getting out of miners in the next bull (hopefully it comes sooner rather than later).

Bought a good amount yesterday before close. Might buy some more later.

I'm just here for a trade coming into this drill and hope to de-risk a bit as the drill gets closer and let the rest ride. There's a good buzz here, and the price seems good just now.

Looking further at Wulf, I think the 2.5mil disposal by Prager was actually just a transfer as it says " The shares were contributed by Somerset Operating Company, LLC ("Somerset") to Somerset Goods and Services Trust for no consideration."

I thought he had been dumping shares which was a red flag but now I don't think that is the case. So I would consider them again as an option.

CLSK have been acting in line with what they said they would do. I don't implicitly trust them, as they will act in their self interest, however as long as our interests align I'm ok with it. Mining and installing well, excellent timing and understanding of energy and bitcoin market.

Electricity prices in US too high - and Texas with the "we paid Riot 31mil while we charged you a fortune" headlines put them in an uneasy focus. Interested to know the best places to mine from input price point of view.

https://www.sec.gov/Archives/edgar/data/1083301/000110465923096888/xslF345X05/tm2325161-1_4seq1.xml