Member Info for HarChris

OMG BITCOIN HAS CRASHED TO YESTERDAY'S ALL TIME HIGH - GRAB THE LIFE JACKETS!!!

No BB I don't think it will be that simple this time around, we need our own positive news and updates on top of the wider outlook -but it will come.

The positive bit is that despite the total lack of interest this doesn't seem to go below 250p so expect more consolidation at least before the next breakout.

So far all we've got out of the trolls and troublemakers this morning is a single 'Lol'

I see that as a buy signal.

Lass than two weeks ago :
'Big hero is back in. £3 by Friday, £8 by Christmas'

I would argue that there's simply no point in share price management right now. Focus on maximising revenue this winter, boosting the cash pile further, sorting the DHSC dispute, working on future strategy internally and then go on a news blitz to drive this back to a fair level with heaps of momentum over the passage of a few months.

Get it right and this rerates.

Probably a trader banking on a David Almond rise and realising that it's not coming yet.

You're not going to sell otherwise at 250p when it's shown to be rock solid support and the covid outlook gets grimmer and grimmer by the day...

Only got a very small position myself but big congrats to all the LTHs here, couldn't have come at a better time too.

Good times ahead!

It's a sad state of affairs when our very own GPs are wishing for covid to worsen so that they can earn back the money they've lost on their investments and potentially buy a sports car or two.

Don't forget to factor in the new shares in issue since that time though.
On Feb 17th (Arb ATH) there were 368.4m shares in issue
On Apr 14th (BTC ATH) there were 381.8m shares in issue (very small dilution at £2, with hindsight wish it was bigger!)

Now 467.1m shares in issue - new ATH market cap would be at about £2.25 a share.

Until we are a good bit closer to that huge increase in computing power coming online I would imagine the shorts will continue to hold this down with varying success, depending on the price of BTC.

The share price is fair (well, on the low side now) based on today's HODL and current monthly revenues.

It is fundamentally undervalued based on the expansion and expected hash rate come Q3 2022. We are still 9 or 10 months away from that big transition so as that timeframe narrows and narrows the chance of a rerate increases.

What matters is the future price of BTC as we close in on Texas expansion, as well as reaching that stage with as little dilution and as big a HODL as possible.

If the market grows in confidence that BTC's higher price is sustainable and Texas is fully on track then this rerates.

Well the full covid story is £0.10 to £12 to £2.50 - this never closed as high as £12 and has only traded above £10 for a couple of weeks in November and for a few days during the pre full year results spike.

It's now pretty evident that without the massive DHSC contracts we aren't worth the top end of that range. The foundations are in place but there's a lot to prove still before we command a valuation anywhere close to those ATHs we briefly touched last year.

Come on my friend, chill out with the new threads. Have a lie down or something :)

Yeah Chris that's true but when we had the H1 results the share price was quite a bit higher (£3). Just another obvious reminder of how low the market cap is right now...

Oh come on, only one idiot said that.

The rest of us said it's possible in the weeks ahead.

It seems they are talking about growth growth growth as I keep thinking they are talking about croissants...

GT confirms croissance = growth!

I imagine we're soon to get Q3 results, updated figures will be in that rns.

That £17m in overpayments is 10% of our current mcap! It's significant.

https://twitter.com/MylesMcNulty/status/1450000959858515971

That would mean a mere $9T increase in market cap this time though, might be a bit of a stretch!