Our latest Investing Matters Podcast episode with QuotedData's Edward Marten has just been released. Listen here.
No reason not to invest here. I threw another £10k in, the three purchases astound 10:30 today to take my holding over £40k. I love a sleeper. It's is just a waiting game, but very low risk IMO for a penny stock on AIM with so much potential.
Frankie. Whilst I am in STAR and feel that it is still undervalued at current MCap, a lot of things need to line up before we will see 50P. I like this company a lot, they do things properly, balance risk well through hedging and have a feasible plan in Geothermal to give them a great chance of a promising long term future. As ID points out, you can't compare onshore and offshore on straight outputs. There are a lot of things which could cause a spike in SP, but I like to plan on assumptions that external and political impacts are minimal, but a potentail side benefit nonetheless. With this head on, 50p is feasible but would take some time based on hydrocarbon production and Geothermal progress. A great share to stick in an ISA or SIPP and wait it out, but not a FOMO play at this stage.
...I exited on Truss's fracking news so it was more luck than company performance. I see this as a low risk play on three fronts - energy security could drive a rethink on fracking, oil/gas rise on any uncertainty and geothermal transition. I suspect that if this was a sexy new geothermal upstart trying to self fund the valuation may be higher even though the cashflow risks would be significantly higher. Low risk with lots of potential at £11m Mcap!
Good value here IMO. I did nicely on Igas previously, but
Classic new CEO tactics. Clear out the skeletons, place yourself as the saviour, line up the good news, raise the cash, fix the company. This is all in the interests of us shareholders, including the raise. It would be nice if we could raise against a cap of at least £20m. Even the detractors here seem to accept that the product has potential value. Exciting times ahead.
Wow... wasn't expecting it this quick!
Thanks for the perspective chuz. Still inclined to sit it out on the miners for a bit.
Bowlers, CORZQ have more to worry about than getting out of chapter 11. Carrying $1b of debt into a halving for starters. The upside is huge but they should be realising this by debt reduction over growth IMO, which is why I believe they will be left behind.
LI. CLSK have basically nailed their dilution/growth strategy and are well placed to become one of the big three with RIOT and MARA given CORZQs hands are tied for some time. Thru are realising growth to coincide with Bitcoins return. Still my choice but in struggling to make the numbers add up for mining in general now with the halving imminent so can only assume that a big portion of the expected bull run is already priced in.
Just sold all my CLSK at just under $7.2. Pleased with that. I can't really equate value at $1.1B with halving on the horizon unless Bitcoin really does rocket.
Good summary thanks Rodney. I have to be honest and say I'm surprised this hasn't dropped more on the back of my first reading of the RNS. Was fully expecting a skeleton clearout in the results given the new CEO in place, but wasn't expecting funding challenges in the same breath as material uncertaintainty of a going concern. Market seems to be putting value on the clarity provided and at under £7m Mcap this is a decent risk/reward prospect for me. Dilution at these levels will be painful but there is surely headroom for recovery.
What is going on. Clipping comments after less than sign! Third time lucky - MCap under £8m seems low.
MCap
I took a position here this morning for the first in some time - very much a punt on gut feel rather than analysis or fundamentals. I've lost a bit on GDR in the past, but MCap
Likely a broker correction, cancelling out the earlier 100k trade. Fairly common, nothing to get excited about.
"We expect a significantly higher mining margin percentage in the month of August due to the estimated power credits."
Significantly higher than an unshared previous margin that will be helped by estimtated power credit... Vague, vague, vague...
I agree on principle that some form of diversification is on the cards but I don't think energy is the way to go. There are minimal synergies other than the fact that mining uses lots of energy. It could be a good political move given the environmental questions being asked but energy is generally a high capital slow and safe return which I don't think miners will be interested in.
American investors seem to be very different to UK. Sentiment/fundamentals balance is very different and there is generally more optimism. I can't see any reason why CLSK won't carry the sentiment baton for some time now and hopefully be the best mechanism to exploit a bitcoin bull run. Even after yesterday's correction, I think CLSK is better value than the rest but I think it is approaching fair value and many of the others remain over valued but there is a real FOMO risk as I don't believe anyone can predict bitcoin movements.
Don’t disagree CBull, but there is a lot of space between $850m and $2,900m, i.e RIOT.
I know I’m over simplifying, but if CLSK bought 10,000 bitcoin through a circa 33% dilution, where would mcap be considering MARA/RIOT’s valuations?
Some interesting stats in this article. I homed in on the estimated all in costs per bitcoin:
https://theminermag.com/data/overview/