Member Info for HarChris

Saw the dreaded words ‘capital raise’ , expected a horrible discount and price of 2.5p or even below… 3.2p. That’s a great job from management !

Will be a lot of anticipation for the next news now they are fully funded.

Great article, really lovely way of highlighting what a company like this can do for the local community in a place like Nigeria.

Look at that 90k share buy at 23p earlier… c’mon Segun drop some of this news tomorrow!

Saylor is one of the biggest risks to BTC long term, there will likely come a time when the market turns and maturity of debt is due to be called in - at that point even with just the knowledge that MSTR have to start selling to cover maturities will cause a massive BTC sell off and could well cause a downward momentum with no obvious floor. But that's a long way off still and not something to worry about in this cycle.

I have always been of the opinion that 'hype cycles' are never repeated, it's the unpredictability of them that fosters such magnified results, they are never signposted and hence I didn't think we'd see anything like 2021 again with bitcoin miners, but that isn't to say there wasn't money to be made (and there obviously was/is life changing possibilities with balls/luck in the memecoin game still). But yeah the combination of Bitcoin mining being totally flawed from an investment perspective and the hype having left makes it unlikely that you're ever going to say quickly 5 bag from one of the big NA miners again, whatever price you happen to buy them.

I think gold is at a very interesting point though. It's true that there's been absolutely no hype attached to miners even as new ATHs keep being hit but now we're at the point where fundamentals are turning these share prices into elasticbands that are being stretched and stretched and stretched with just something extra needed to see them snap - that could well be a US-led market collapse that has everyone scurrying out of large tech stocks and instead to safe haven stocks but in the meantime just a bit more attention could see many of them double and treble simply to catch up with fundamentals.

The likes of GRL could do many, many multiples as long as it navigates the short term well enough to enable itself to self fund going forward, the biggest risk is needing to raise funds on the AIM market.

Oak Bloke puts out great analysis, it’s then your choice what to do with it. Obviously it’s all based on probability and risk/reward, nobody is going to be 100% accurate. If they even get 50/50 calls right but with multibaggers amongst the winners then you’ll do well.

I'd go as far as saying the silence a few weeks ago was worrying as it led us asking 'have they not even started P1b?' but the longer that goes on the less likely that that's actually the case and the much higher chance that we are suddenly presented with an RNS detailing where they are at with the trial, and if first dose was very soon after the 15th Jan that means considerable progress through P1b.

Right now gold and gold stocks are still largely ignored but we are worryingly close to potential wider market collapse, if that happens gold is going to come into focus and these stocks I’ve mentioned could mirror something similar to what happened with bitcoin miners in 2021.

The gold stocks have the fundamentals they just don’t have the sentiment, yet.

Well I feel fortunate I held off $15 MARA, could well see a rapid crash to $10 now. What's everyone thinking?

Oak Bloke is great, I spoke to him recently and he's looking to do another article on THX following this even higher mvoe in gold.

In the meantime markets looking very rocky today, bitcoin tanking and lots of fear of US market collapse starting. Got gold?

You’ve been trying to encourage everyone to sell a perfectly positioned rising stock for months now due to a personal grudge and nothing else whatsoever , no knowledge of the company, no reasoning, just 100% grudge.

It’s utterly shameful.

The change to monthly reporting means we can observe any progress in real time. As pointed out below keep $1m per month in your head for group break even (was 900k H1 24) so we can easily see when they are generating cash internally to fund expansion.

At $2900/oz they should now be easily profitable with $1m+ growing cash balance per month (if) once they announce production at 750 monthly ounces. That sort of figure and growing would be enormous when current mcap is just £10m…

And the short term target is 1000 oz per month.

Smack bang at resistance and numerous sized buys at 23p looking to push it through - what a perfect set up with news due any day.

This really isn’t egregious. Jason bought far more than that on the open market over the past three or four months, an extra 500K that only sees a return based on medium term success is fine with me.

In terms of the MGA deal I take heart from the fact antimony just keeps making new high after new high - the deal looks ever more favourable to Octo.

That’s true re tin price/6p share price but lithium price was 2X, 3X and even 5X what it is now and lithium is meant to make up the majority of revenue at Andrada medium term.

We need to hear from AV what the long term plan is now because it’s either still like it was (and we are therefore well overdue news on lithium front) or it’s going to change somewhat and have tin generating as much or more revenue than lithium

I have zero interest in what a troll claims to think about me.

I don’t think it would be any different if you’d come along and done the same thing ten years ago so I don’t think it’s a good example of the supposed growing threat of cancel culture. If anything it just shows that minority voices will usually be closed down amongst an in group.

Anyway I won’t reply again as this *is* a good example of how this BB gets wildly sidetracked with the potential for 50 odd unrelated messages and you very often are in the thick of it.

What we have here is considerable upside at $2500/oz, enormous upside at $3000/oz and if (and I too wouldn't predict such things) the geopolitical global uncertainty culminates in gold going far higher then the upside here is off the scale.

Hence far more money to be made here than just 'shorting the market'

The strategy is pretty obvious and is no different to his predecessor, Chippas, except even more calculated.

Avoid sharing overtly bad news (i.e the January numbers), dress up bad news as good news (for example 'increase in machines hosted') etc and just hope to god a bitcoin bull run to $200k takes off so as to pull off yet another 'keep the lights on' raise. And perhaps put out some vague plans re HPC business that have no chance of actually being funded.

Technically it's possible to just keep repeating the process until the creditors seize the company in late 2026 but it'll just be more and more money lost when all things are said and done.

It might be a 'prime example of attempts at cancel culture and the closing down of opinions that others don't agree with' although it's also an example of failed attempts, as you perfectly prove.

Reminds me a bit of the likes of Farage, standing on stage with a captive audience saying whatever he likes and claiming 'you can't say anything these days lest you be locked up with the key thrown away'

You’re right about the disconnect but it’s slowly closing, 23p paid, about to break out perhaps…