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“Meanwhile a third driver is the presence of a giant Bitcoin buyer in the market. This jaw-dropping piece by Craig Coben, the former head of European capital markets at Bank of America, explains how MicroStrategy, a software company turned Bitcoin investor, has just announced plans to raise $42 billion in equity and convertible debt and bought $10.2 billion worth of Bitcoin. On top of that, this month, it raised $3bn via a new bond with a zero interest rate that converts into equity at a 55 per cent premium to the current share price.

In effect, people are lending MicroStrategy money at no cost to the company in the hope the shares rise above the conversion price. This is despite the fact they could buy shares from the market. If that all sounds like things are getting out hand, its shareholders are not yet showing much caution. The stock has risen more than 450 per cent this year, and its market cap has rocketed to $90bn.

The company’s playbook is simple. MicroStrategy sells shares and convertible bonds to buy bitcoin. The purchases help support bitcoin’s price, which lifts MicroStrategy’s stock price. Then MicroStrategy sells more shares and convertibles off the higher price to buy more bitcoin. Wash, rinse, repeat.”

* and FTSWABBRC.

“ Arrive on Site in the Weeks After US Thanksgiving to Commence Oil Production Works on an Accelerated Development Program;”

Thanksgiving was on the 28th November (I had to check). We thought “weeks after” should have been “week after”. If so the unsuspension RNS may be slightly delayed to allow for the rig to be on site. I don’t normally buy into the idea of accounts being deliberately delayed. However, the company can reasonably argue a very short delay to bring important information together benefits the orderly functioning of the market. Just a thought.

Fingers crossed we get all the news we want this week.

GLA.

New trust anyone in The City.

https://www.theguardian.com/commentisfree/2014/apr/01/royal-mail-privatisation-taxpayer-loser

I wouldn’t be surprised if this opens with a huge spread. The MMs can then see the sentiment and profit from it.

Fingers crossed for excellent news this week. I hope EVERYONE does well. At least it’s not fecking Tintra and [REDACTED] BoD that was there.

GLA.

(And after I’ve bought some more, obvs!)

I’m thinking of contacting Cavendish Capital - NomAd and broker - suggesting an updated broker’s note should be considered. Probably best if it coincides with the AurTex data set release.

A possible consideration, repeating an idea discussed a few weeks ago. The company hasn’t received the placing money yet. I’m wondering if contracts are pending the company being able to prove its financial position and guarantee more than simply a going concern sign off from the auditor? Once the money hits the bank, will we get the RNSs we’ve been expecting?

Callit, everyday is a school day! I hadn’t heard of a VFRB before. I think you’re onto something here.

https://www.sciencedirect.com/science/article/abs/pii/S0021979723015102

Good work F1Driver. That’s very helpful. 🙏 Thank you.

Another quality post from our friendly ghost. There’s going to be so much interest in this share when it unsuspends. Beware the spike springs to mind. Get in very early, or wait past the first hour?

It’s like busses. Spend ages finding a decent share, then two come at once.

ROB… We need a small delay in PPP being unsuspended, ORCP to go through the roof, sell there buy here!

James, if you’re so so knowledgeable, why are you so far underwater? Just let that thought repeat and repeat and repeat. I’ll give you some help. Look up the Dunning Kruger hypothesis about the less ‘able’ overestimating their abilities.

James thanks for the correction, my mistake. You really are a petty, pathetic, little man. How far under water are you? I hope it’s so far heliox is required. Cos I’m well over 100% in profit. It’s quite funny reading your puerile, bitter, snide comments, whilst watching the money grow in my ISA and trading accounts. Lovely Jubbly! This time next year Rodney…

StMartins: we can but hope! The imminent Mineralisation Report will provide some more information. Though not as comprehensive as a Mineral Resource Estimate, it will help guide us to the potential value here.

I’m not guessing what the sp will be, but I’m seeing nothing but profit here. Which makes a pleasant change in today’s market. Fingers crossed we’re waking up to an excellent RNS tomorrow!

GLA

James, what’s the average sp of your ORCP shares? How much of a rise will make things good?

And I’ve posted this on the wrong bb! This should have been on the PPP bb. Sorry.

Depending on what the statement and accompanying RNS say. Otherwise I’m completely wrong.

Even your best mate isn’t going to give you £100,000 to make a loss. Since suspension Trump has been elected and plenty of behind the scenes work has been done. I think the opening sp is going to be determined by the statutory statements made by the Chairman and CEO, plus any supporting RNSs. The MMs know there’s plenty of interest here. Good news means a high opening price. Seen this plenty of times. The MM open high and the sp often doesn’t climb above it - not this time! So my guess: 25p.

Thanks Rob!!