Member Info for Jarv55

This was posted by RVR on a telegram group

#UFO - We’re entering a constant flow of drill results at Elizabeth Hill — and the setup is getting hard to ignore.

This did 0.07p to 2–3p a few years ago. Now, the DSO iron ore project is JV & production ready, with BHP Billiton clearing access — a key blocker now removed.

Meanwhile, UFO is up 500%+ on its 12.1% stake in WCE and holds a 30% free carry on what’s shaping into a serious silver asset. WCE just raised into strength to keep drilling — and 10 more holes are on the way.

The first two weren’t just good — they were world-class, and critically, near-surface.

Let’s not forget: this was Australia’s highest-grade silver mine.

🥈 21m @ 1,047g/t Ag from 10m, incl.

8m @ 2,632g/t Ag from 22m

1m @ 15,071g/t Ag from 27m

🥈 15m @ 723g/t Ag from 1m, incl.

3m @ 2,639g/t Ag from surface

🥇 1m @ 2.03g/t Au from 4m — gold shows multi-metal upside.

If the next assays are anywhere near this calibre, a major discovery declaration is firmly on the table. With the overhang fast diminishing, a re-rate is firmly on the cards. Momentum is building fast.

Https://www.alienmetals.uk/investors/capital-structure/

Https://x.com/Satsuma_UK/status/1948697360663470531

Https://parafi.com/portfolio don't see any involment from them for swc.

Henry left Utxo to concentrate on Sats. ParaFi funded the £5mill so what do you suggest the management have to answer questions to?

Barnpeter warrants are being flipped the bod should buy open market and they should of put a 12 month lock in on the funders.

Actually coin have 112 btc and a mc of around 31mill

Https://funds-europe.com/fca-prospectus-rule-change-encouraging-notes-key-uk-private-investor-platform/

barnpeter agree it is a lot of warrants and do think the bod are taking the **** with the price, it would of been better if they were locked in. but swc has a load of warrants as well at 2.5p soft lock in didn't stop that hitting £6 there though. lets see how much they can raise and how many btc they can buy.

Following the issue of the Warrants and exercise of Warrants, the Company will have a total of 102,552,333 warrants in issue.

Would be good to see directors buying at this price to prove their commitment.

The Company's Chairman, Matt Lodge, commented: "We are delighted that Henry Elder has agreed to join the Company as full-time CEO. He has a proven track record of leadership in the Bitcoin and decentralised finance industries, and his work has positioned him as one of the foremost thinkers globally when it comes to corporate Bitcoin treasury strategy."

Henry Elder, CEO appointment, commented: "I am thrilled to be joining Satsuma Technology as its new Chief Executive Officer, and I am deeply grateful to the Board for their confidence. The opportunity to lead Satsuma in building its Bitcoin treasury and decentralised infrastructure is one of the greatest I have seen in my career, and it is a mission that will require careful execution and my undivided attention. I believe the London Stock Exchange is one of the best platforms in the world for a public company executing a Bitcoin treasury strategy, and we look forward to engaging with the institutional capital available on that market. I also want to extend my sincere thanks to my partners at UTXO Management for their incredible support over the years. I am incredibly excited to dedicate my full focus to working with the entire Satsuma team to build lasting value for our shareholders.".

The appointment of Henry Elder is subject to the completion of customary due diligence checks by the Company's advisers. A further announcement will be made in due course, including any disclosures required under UK Listing Rule 6.4.8, should they be applicable.

Initial Bitcoin purchase into Treasury

Following the publication of the Company's unaudited financial statements for the three-month period ending on 31 May 2025 on 10 July 2025, the Company notes that following the balance sheet date the Company booked receipt of the proceeds of the £5m seed round in cash around 17 June 2025. Further, the Company has received cash receipts for warrant exercises as announced on 24 June, 25 June and 9 July 2025. No other material changes to the balance sheet occurred other than repayment of liabilities in the ordinary course.

On 13 July 2025 the Company acquired £2.5m of Bitcoin into its newly incorporated Singapore wholly-owned subsidiary to be retained within the previously announced treasury (see announcement of 17 June 2025) (the "Treasury"). The particulars of the Bitcoin purchases being:

- 28.56098341 BTC;

- Average purchase price per BTC of £87,532.00 (being $118,159.45 USD); and

- Total book value as at 13 July 2025 being £2,500,000 (being $3,374,750.00 USD).

As a result, the gross assets (excluding cash) of the Company following the BTC purchases have been adjusted accordingly.

The Board will continue to review the capital adequacy parameters of the cash reserves for the Company to ensure that sufficient working capital (including capex and opex) for its near-term costs (being no less than 3 months) are held in cash, with the excess being held in the Treasury. Accordingly, the balance to be held in Treasury may increase or decrease from the levels specified in the previous announcement, dependent on the capital adequacy parameters and the capital raising undertaken by the Company from time to time.

Tao Alpha PLC, to be renamed Satsuma Technology Plc ("the Company"), a public company pioneering the convergence of Bitcoin treasury strategy and decentralised AI, is pleased to announce that Henry Elder has agreed to take on the full-time role of Chief Executive Officer. Henry will also join the board as an executive director, subject to the completion of due diligence checks, which we expect to conclude imminently.

Henry Elder was formerly a Principal at UTXO Management. At UTXO, Henry helped advise on and invest in numerous public and private companies implementing Bitcoin treasury strategies across the United States, Canada, Japan and Europe. His leadership and insight have positioned him as one of the most trusted names in institutional Bitcoin adoption.

Henry has stepped down from his current role at UTXO to focus on his role within the growth of the Company and the time commitments that the CEO role would require.

Sats need to get a move on or they are going to miss the lows https://www.investing.com/news/cryptocurrency-news/bitcoin-price-today-hits-new-record-high-above-118k-as-etf-inflows-surge-4131193

Https://x.com/1markmoss/status/1943073496525082726?s=46&t=nT7VcP2InThhIMBlFlKSAw

Https://x.com/martinjluke/status/1942111726452793573

That is an impressive appointment

Henry Elder brings an unparalleled level of experience at the intersection of Bitcoin infrastructure, capital markets, and institutional digital asset strategy. As a key member of UTXO Management, a premier asset management and advisory firm within the BTC, Inc. ecosystem, he provides unique strategic value. As the world's largest Bitcoin media company and parent to Bitcoin Magazine and The Bitcoin Conference, BTC, Inc. offers an unmatched platform for industry access and thought leadership. At UTXO, Henry has helped shape and execute BTC treasury strategies for numerous public and private companies across the United States, Canada, Japan and Europe. His leadership and insight have positioned him as one of the most trusted names in institutional Bitcoin adoption.

Henry's previous experience includes building and leading a $1.5 billion digital asset treasury and wealth management platform as a Managing Director at Wave Digital Assets. There, he provided strategic treasury guidance to major blockchain foundations like Polygon and Cardano, before founding and growing the firm's Decentralized Finance (DeFi) practice to over $250 million in sophisticated DeFi yield strategies. This work in structuring bespoke, yield-generating investment programs for institutional-grade partners directly informs his current focus on applying advanced treasury strategies for corporate bitcoin balance sheets.

Warrants will have been forward sold

Https://x.com/eddybitcoin/status/1940052816485384295