Member Info for Dartron

Why not just switch off and check this once a week. No point in watching it every day if it is troubling you. This could drag on for a very long time, if the deal is not struck in February. I will set another buy for around 12.5p so I will have something to look forward to as the SP price drops. Given the placing was so successful, I cant see how it will drop much below the current price. Could be a double bluff that last increase in shorts.

This was posted on the GGP thread, thought it was quite applicable here too. Shows the SP, over the life cycle of a mine.

https://www.visualcapitalist.com/visualizing-the-life-cycle-of-a-mineral-discovery/

FWIW, GGP may be a worth looking at, it has now slipped just below the November placing price (due to manipulation). A few catalysts up coming - DYOR. Apologies for cross ramp, I am invested in both PUR and GGP.

I got some in the end at limit order, but at the time I could not get a quote. My broker is not very good. Calm down.

Limit order got filled. No brainer below the placing and SD.

Cant get a quote to buy.

The news is currently unconfirmed, and just speculation. But Nicola Sturgeon sums it up well:

If UK government is really considering this (@scotgov? certainly not signed up to it) it is utterly wrongheaded. Hard to imagine much that would be less helpful to trying to ‘live with’ Covid.
www.thetimes.co.uk/article/end-of-free-lateral-flow-tests-as-country-told-to-live-with-covid-3bpz8lnqf

Im still happy with the deal. On the basis that it has been possible to buy sub 50p. I still see a good return (maybe even the same 60% when folks expected £1.00 to turn in to £1.60), at todays prices - that only needs to be circa 80p. I think Block will grow and increase profits, BTC should be ok, even if it stabilises under $50k. Stability being the key word. I think there are enough smart people at Block to navigate what ever happens to Crypto and emerge a leader in the Fintech space.
Prior to all this, the TSL board have done a great job, Jack Dorsey also a proven success. If you look forward rather than backwards then seems like a good deal for investors today at 50p. If the past is too hard to forget then probably time to sell up and leave us to it.

"In the absence of news, expect Block's share price to track Bitcoin. It's going to be a bumpy ride, but it could be a very rewarding one. Don't be caught off guard if there's more volatility."

https://www.nasdaq.com/articles/why-did-shares-of-block-drop-22.5-in-december

Article from October, discussing percentage ownership of BTC.

"A staggering 85% of bitcoin wealth is held in wallets that hold more than 10BTC" - These would be LTH / Sticky hands.
"When it comes to how many people own bitcoin that’s worth more than $100, that figure currently stands at 16.4 million people. Just 7.1 million people own BTC with a value of above $1,000, decreasing to 2.4 million who have stashed bitcoin worth over $10,000".

https://currency.com/who-has-the-most-bitcoin

PS, Blocks BTC holding was bought at around 32k from memory, so still well in profit on it, maybe that is a key level in all of this.

Batterseafish, would you mind elaborating on the square accounts / TSL 4M holding. I am not following.

Hard to get your head around Kazakhstan is the size of western Europe. This fact tells me that the Government are unlikely to be organised enough to take an interest in mining. The whole episode could encourage CAML to fast track their next acquisition. Since Kounrad is not a mining operation, just leaching, would they want a brand new development? They are not far away from Anglo Asian with all that copper in the ground - dont know if leaching is an option there too from old mines? The Sasa mine was also taken over when operational, so CAML may be good at operating mines, but have no record of developing anything. (As far as I know). Are there any other targets that spring to mind for CAML?

I read the RNS again from Jan 4th, does sound quite encouraging regarding the detail of what improvements will (and have) be implemented. It also confirmed some of the issues I had read about on the Canadian board, which essentially were a complete lack of day to day leadership on site. Very telling that up to now, they had not even built a camp there. As they stated, this was making it hard to retain talented people. Crazy when that is what most other mines are offering. No point in dwelling on the past, but he didn't give a toss did he.

Reading the presentation:
So it looks like we might see around 50k+ ounces next year. Needs to be at a minimum. If they managed 10k in the last 3 months, then I am assuming they can at least do 12.5k each quarter next year. Might be more as they move on to better zones. (their own guidance is also aiming at this too 48M for the year). Hoping to be cash flow positive in H1 this year.
Not much about the finances but:
Cash on Hand $24 million
Cash from ITM Dilutive Securities $35 million
Loans and Borrowings US$85 million
(*Really need to see some up to date financial data for estimates etc).
Sounds like they may actually be able to make this a viable business this year. although It will be a long road back to any significant equity growth IMO.

I bought a few more this week, as I just want to get my average down to be as close to the exit as possible, but it does feel a lot more optimistic now, and with the swamp drained, given I am already invested, it seems sensible to give this new team a chance.

Now Darrin is gone, what will we talk about?

What does anybody think the next bit of news will be?

Unable to buy these on my trading platform, which platforms are you using please?

Thursday 13th January is the trading update. GLA.

Thanks Bots, didnt realise it was on Prime.

SOP = 67.5p with Block @ $143. Block currently rebounding.
I really believe TSL will exit Block at a much higher price. Happy to wait.

I have been watching this closely since the short was declared on the 29th December. It may just be a hedge, but Ennismore have previous form for shorting BatM.

https://twitter.com/DartronTrading/status/1479136589368504324

Had to sell out to take another opportunity today, but will continue to watch closely. Hope to get back in either way before next trading update.

Looking at the progress in repaying debt for both the loan and the pension, we are looking at another 5M by the next period.
If the EV remained at 80M, then the share price would be 46p.
Factor in increasing earnings per share, long term contracts + Covid work, you could even say this company has a moat when it comes to technical plastics. All this without any contribution from Aerospace - they could sell that arm, get debt down and focus on the plastics. Yeah, I don't think we will see 25p personally. However, I do want to buy some more, so a little reduction in share price would be appreciated. Ill bite at 36p next, if we see it. You EV calculation is a little misleading too, as it is too basic, and now out of date, the next trading update will provide a much better reference for a valuation.
Good luck with your Carclo investment though.

Block is green. Repeat Block is green. LOL
'Cant stop till you reach the top!'

https://www.google.com/finance/quote/SQ:NYSE

Greedy Me. GLA.

Interesting that today has so much focus on Block and Crypto. TSL do not own any shares in Block yet, or Afterpay, and will be voting on accepting the deal later in the month. Think this could be quite a wild ride IMO, with many twists and turns. Ned has a huge interest in this being a good deal. Is it possible, the deal could get rejected, and a better offer received? There must come a point when this needs to be reconsidered. I recall many posts saying that the longer the deal took to conclude the better it was for TSL. Worth a punt at 49p for something that only 6 months ago was worth near £1.60 per share.