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CLSK, in terms of Argo, we must be nearing the point where their rigs are starting to lose efficiency with the worst performing needing replacing? Weren't they switched on between 2020 and 2022?
The SP here has remained so artificially high, we're talking net liabilities, debt that dwarfs cash, back to burning rather than generating monthly cash (break even perhaps temporarily) and with their hosting agreement a few quarters away from ending - and still a market cap of £71m.
If only I had the cajones to short.
I get that, so right now it's more like a quartering than a halving.
Still, from everything I'm reading there is an expectation that these sky high fees will drop back in the weeks ahead and we will be at a near halving of revenue, even if difficulty tails off a bit with it.
‘Been a good post-halving so far 👍 Fees still elevated, who knows how long that lasts, not as crazy as the weekend, but still it's pretty surreal how at a quick glance if you were to look at overall rewards now, it's almost as if halving didn't happen.‘
Difficulty about to be adjusted up slightly so fees need to make up for about a 52% drop in revenue overnight. That’s not happening, not even close.
So what was the main takeaway on here from yesterday? That absolutely everyone, commenting on here, including the neg heads, think £1.38 is a ridiculously low target and will be surpassed as soon as the dispute is behind us in a few months. Well at a price of 68p today that can only be a good thing for anyone holding or buying at this level.
The market has taken yesterday's news in its stride and looks to be back on the rise - onwards and upwards!
Try this instead: https://www.brecorder.com/news/40299891
https://*************************/status/1782766077174509907
international cpo prices remain highly supportive, even if falling back a tad. if local prices continue to slowly tick up and the cashew operation gets properly off the ground from q3 onwards then there's considerable upside to be had from this lowly mcap of £6.5m.
board has shown confidence with director buys, let's hope they can pull it off!
It's easy to see gold falling and think this SP might follow but you need to give yourself a slap in the face if like me, that happens. After the recent fall POG is still $2330, at ~10000 ounces per quarter that is around $8.5m ebitda, more than 1/7th of the mcap every 3 months.
For a company that's debt free with long mine life and low cost options to grow substantially in size it's unbelievably cheap. Staggeringly cheap.
Edison Investment Research is terminating coverage on ABC Arbitrage (ABCA), paragon (PGN), Foresight Solar Fund (FSFL), Kendrion (KENDR), Lithium Power International (LPI), Triple Point Energy Transition (TENT), 4iG (4IG), e-therapeutics (ETX), Pharnext (ALPHA) and Shield Therapeutics (STX). Please note you should no longer rely on any previous research or estimates for this company. All forecasts should now be considered redundant.
Well no one can say Dave and Sandra aren't fully aligned with the interests of this business... nice that they are buying more despite such a big holding already.
'We've already seen the impact of LTIP's on this share. '
Exactly, they don't have much impact, if any. This is just essentially a way of giving the BOD 2.2m shares between them over a three year period and aligning their interests with ours. They could have doubled that and we'd have just had to put up with it.
The biggest take away is that they continue to act as if the dispute is going our way, for me that's the most important thing at this point in time with how many shares I'm holding pre resolution.
Yes but half has been sold/in the process of being sold to SPR for $22.5m and so that now comes out at $45m (non distressed prices). You can see how, when it comes to vultures sifting through the remains, we aren't likely to see a sum of well over $100m in total.
It's not about simply crossing £1.38 but being above that in three years time. Yes that is easily achievable but it's not a given, even if they win the dispute, it will still require they are successful and don't fail from here.
As I've said before it could have been far more egregious but at this modest dilution in three years time it will make no difference to long term shareholder value and they are now incentivised to see the share price go as high as possible as those shares can make them all multimillionaires if they maximise future value here.
You might not like it from a personal level seeing these directors enrich themselves but it's fine from a company standpoint.
Yes Naewise I think this is a way to get around the fact that they can't buy on the open market now and won't be able to buy until after the dispute and the share price is a lot higher. So at least doing this now gets them a good future remuneration package.
Many management teams give themselves humongous options so this is really very modest to me and points to them truly expecting the DHSC dispute to go their way, so i'm happy with it.