Member Info for EyeGuy

yep. Reading this: £685,000 of crypto assets in May, based on a Bitcoin (BTC) price of $8,575 USD as of 31 May. This is approximately 37% better than the Company's previous guidance provided in the shareholder circular of 18 April. The Company's cash operating costs in May were in line with its forecast at £280,000.
So if they mine the same in June then todays BTC price that's circa £830k mined. So if costs as above that is £550k profit. But new machines now will be operating end Q2 and Q3, So that should surely only rise from here.
Taking off cash position and mined BTC, I make the company mcap of circa £4 million.
So £4 million for what should be £500k plus profit per month for now, likely going to be much more by year end.
Far too cheap imo.

This will fly next week. Market hasn’t caught on here at all

Oh ffs. If MUFCM isn’t in some way linked to this Gordon Bowden character I would be amazed.
But self fulfilling isn’t it. Talking the shares down constantly and then posting a link as to how pi’s can recover losses.
And how much does Gordon charge for his services?
GUN is an investment company. They have minority stakes in a lot of companies.
They did a placing. Wow. That’s unusual on aim to do a placing.
That’s why aim exists. If someone doesn’t like placings then don’t buy small cap aim stocks.
So https://northbaycapital.ca/ are the likely operators now of oyster. Do you think they have been duped too? And duped by whom? Oyster assets including block 1101 have been drilled by Afren already and said to have world class potential. Afren completely unrelated to anything that UKOG did. Afren spent $20 mill on it. Oyster analysed the cores and found evidence of a petroleum system. Now subco want to spend money up the development curve to prove this up. And the problem is what? Umm. That’s what happens in oil exploration.
Quite funny that bloe had similar trash talk as it was associated with MYN directors. Called a barge pole at 2.6p.
It then went up 6 fold and I made a packet.
I think if anyone thinks MUFCM is making money from this Gordon Bowden character then hit report and let admin know. It seems to me a self fulfilling business. Poison a BB with negativity and then get pi’s to get in touch with a legal entity to help recover losses - likely for a fee.
Surely not aloud on an lse chat forum.

420 BTC on the balance sheet by next month circa ($4.2 mill)plus hive deal (if goes ahead)
Increased production plus cash balance makes this attractive

Bitcoin at $9800 now. ARB will be making a lot of money

Agree. This is still a very undervalued stock imo and I think we could well be going into double digits soon if BTC continues to rise

possibly. I think the news is good and after all, we don't really want to be lumbered with a majority interest of the oyster assets particularly now the mcap is well under £2 million. If we can get a farm in and a 10% free carry then great.
Someone posted other day of 3 billion barrels recoverable. 300 million barrels net to GUN on a 10 % free carry drill???
Good asset, now priced too cheap imo

watty- pennydealer is posting because he is wanting the shares lower. He said this himself last year: If you take any interest in what this guy says then imo you deserve to lose money. no matter what the news is, he will post negatives for that reason. Biased view if you ever see one- hence filtered from me. atb

"Rampers try to ramp a share price because they are probably losing money as the current SP is well below what they paid. A deramper has an interest in buying a share and wants in well below that shares current SP in the belief that share will rise......Simplistic explanation, I know, but I would be more interested in buying the deramped share every time."

more posts filtered again I see. Cant be any bad news in that RNS. SUBCO need money. yep. GUN have money- recent raise plus cash is circa £800k. The slightly less stake means the cash will go further. Still a huge prize at stake.
Get the farm in done and even if GUN get a free carry of say 10% through drill that would be huge for a company like this.

yep. I like the news. GUN have circa £800 k I make it.
that should go a long way to do a work programme- as they have 22.5% of the asset.
Then farm out to a larger partner.

Billthebank- I agree, but now GUN is the only listed vehicle with a stake in the assets.
Looking forward to seeing how this pans out. I can’t see much wrong with these oyster assets.
In fact reading this makes me even more bullish
https://mobile.tmxmoney.com/quote/readnews/?id=5839273077883165&symbol=ZTR:APH

Deltalo - if gun put in £500k then Northbay imo will need to be putting in £1 mill to keep their %

good first post Lord Sussex.
We are all adults here- or should be.
Oyster currently worth circa £0 on this mcap.
Afren and Oyster spent circa $20 million on block 1101. Lots of work done. Described as world class.
And trolls on a BB trying to tell us it is worth £0. Ok we heard you first time. I think its worth a lot more than £0 so I will hold and add

I think it will. can sell over bid and not a lot of shares around. Lets see.

- on the other side before I held I observed and this was constantly bashed when it was 0.022p and it went up more than 3 fold.
And one of the ones bashing it claimed to have sold in the 6's- which is slightly odd as he was bashing it at 0.02p.
Hence filter button. I will keep my shares here :-)
GL

could be pushing 8p by lunch

Woodlaker- I find the filter button useful. No point arguing with them. Its a good sign though that they are all here.
Watch when it goes quiet for a few days. That's when they have all bought in again.

depends when you buy and sell. If it was that bad this BB would be quiet.
The fact it isn't tells you all you need to know

yep. that's a lot of cash.

Moving strongly. Bid is following the ask. Practically no shares around even higher up.