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I personally think this may be a clue of what's going on behind the scenes... they know what's happening with the dispute and it's looking positive, so they are unable to buy on the open market whilst it's so low down here and instead they act now to at least gain whilst the share price is so low.
If they know it's going in our favour and will likely be revealed soon they'd either have to buy above £1.50 a share or wait many months to see where the share price settles before setting a baseline LTIP price... and in the meantime they'd be absolutely no incentive to maximise the positive sentiment that will come with winning the dispute, quite the opposite in fact.
This way is the only way to have them aligned from day one post dispute.
You say that CLSK but bitcoin mining isn't the hyped sector it once was, the moves of yesteryear don't happen. Just look at Argo since the turn of the year, down 62% against a BTC price move of $40k to $66k. Investors are more sophisticated now, they know when a placing is coming and they back the f*** off immediately.
BTC really has to go ballistic in a very short space of time for Argo to explode imo.
Yes another fundraise coming up although it's intimated that it will be a big partner coming on board so ideally all shares will be taken up by a partner or two and perhaps the directors digging deep into their pockets. Plus some debt financing to add into the mix.
That's about the best we can hope for - if it's a bog standard placing with retail involved it'll be disappointing.
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.
'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.