Sapan Gai, CCO at Sovereign Metals, discusses their superior graphite test results. Watch the video here.
Will it? Won’t the farm out value of the field be similar if the price of oil today was $50 or $100, ie they model an average oil price for the lifespan of the field?
Given that the lifespan of the field is c.25 years, the price of oil will move up and down by quite a lot in that time frame so the price of oil today or next year is slightly irrelevant in the grand scheme of things?
Agree, need US investors where scale and scope of esports are better understood
Given most of the investments BLU have are within the crypto and e-gaming space, would a US dual listing be of benefit? Just wondering given the sentiment / comfort with Crypto and the scale of e-gaming in the U.S. is miles ahead of the Uk? Worked for Arb.....
A State operating as a bookie is different from running a lottery. The lottery jackpots correlate to the number of lottery tickets bought. There is no downside to the state operating the lottery. It’s impossible to make a loss.
Surely, if the state operates as a bookie, they are at risk of a making a loss, like any bookie (you can debate the likelihood of that happening). That loss would then have to then be made up by the state through additional income taxation etc.
Getting private companies to operate as the bookie means there is no risk to the State. The gambling is visible, above board and the state benefits from taxing winnings.
Or have I missed something?
If I recall, one of the other criteria is a minimum number of shares available to the market, so between mcap, available shares and share price there is some robustness around the admission process and reducing the opportunity to game the process
I don’t understand your point here.
If Argo achieves the same mcap as RIOT, Argo would be around £4 per share based on 329,000,000 shares. Granted Argo has a little less hash rate at the moment, but is more efficient at mining each Bitcoin. Argo also has more capacity coming on line in Feb which will add to its value.
On the fundamentals, yes. We need to be at £3+ to be comparable with RIOT. (The full OTC listing may help with this). We still have additional mining machines to fully come on line by Feb.
There is also the potential / accompanying increase in BTC price to come....