Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
London_b
but that’s the PW genius. He has the relationship with the hardware companies (still don’t know where the March-July machines are coming from mind). He says to them, ‘I am the most efficient miner, let me showcase how good your latest machines will be’, et voila. Queue jumping.
So I think PW knows he has a funding from very deep pockets . In May when the current machines are being installed on schedule he goes back to them and gets another 60-100% capacity increase for 10% extra shares/dilution. There will be plenty of whinging about this but the expansion will ensure continued share price appreciation and the eventual rating at a premium to the other miners.
i feel very sanguine despite the days action.
So much BS here now, had a lovely 40 minutes listening to PW as a tonic to the nonsense on here.
Intriguing the smile on his face when he didn’t reveal who the placing investor(s) was. From the question I suspect the rumour mill in the city knows who it is - but anyhow the money came from New York.
Goldman’s anyone?
I am surprised no-one else has called this: PW has developed a pattern here.
My call at end Apr PW announce machine installation ahead of schedule. Early May PW will announce another fundraising. The SP will be 220-260, btc $60-80k so will dilute another 8-10% or so for a further 1000or so pentahash.
So another ‘dilutive’ placing for the shorters to exploit!
Thank you.
And most of the the time fundraising for absolutely clear commercial advantage you have to wait months to see the benefit... Will see a chunk every month for the next six.
I confess to not doing the maths, but without debt the possibility of a divvy this year remains (albeit divided over a greater number of shares).
Bought back 200k shares today, first purchase since 10p.
I think it is a shame the management genius has been missed with all the noise on this board.
How has PW managed this and effectively jumped the queue over the other miners who have recently raised cash to fund expansions? By having a good business relationship, being the most efficient miner - a showcase.
It’s all done, money in the bank, BTC hodled awaiting further appreciation (and as commented on warrant funds may be used to hodl more coins over the next few months).
More fortuitously zcash will make Jan figures look even more sparkling.
Every month until July the hash rate/margin should increase.
ARB trading at a premium to the other miners is only a few weeks away.
TOTHEMOONBITCOIN,
thank you very much for the institutional investor information, that was very interesting. I hope you don’t mind, I posted it onto advfn which has quite an interesting board also.
Looking forward to see your tech analysis.
bw
gsp
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If I had time (sorry full time job), you could work out how many shares had been removed from the LSE free float to likely stay forever in the US. They are unlikely to come across the pond IMO. Recently 10-20mil a day, only 293mil in issue...
it’s like a massive unregulated share buy back.
Len,
strictly speaking 41.5, my daughter Flo has 2.5 - she has an Isa with >£100k shares in it, she’s nearly 19 bagged here. Not bad for a 7 year old.
there are a few posters here with a lot more!
bw