Member Info for Jimzi

50k is 95.11 v 99.989
But the book is volatile

VERY TRUE - lmao!

RE-ORGANISATION AND REDUNDANCY COSTS - MAKING IT A MORE PROFITABLE MERGED ENTITY.

And £160m times 3..
Wonder whether 3 still the plan?

Well I've lost track but is a river dance about due?
Hence a bit of enthusiasm.

I'm not sure - I don't know.
That's why masterly inactivity is the best strategy imo.
But if you believe that iis piled in - they would have had a good story sold to them - as you say, the story was based on a sp of 10p

Maybe he needs the funding before an announcement.
Who cares?
If an Imutex listing announced - up 10p at least.
Too many looking at 1 or 2p

Yep - new holders won't sell till they know what they have - if they forward sell and find they are scaled back and CF drops a update - well - messy to say the least

Whats the split between IIs and PIs ?

If it was a bucket shop style raise / company, I would defo agree Re flipping.
But its not.

see TRX.
0.25p placing last night - - still 0.5p now.
And that's not a particularly hot stock -
Every case is different.
And don't forget the poss of an Imutex scrip

With the placing narrative, you think these institutions are going to flip it for 1 or 2p?
All these posters whilst moaning want to buy.
A few need to grow up.

We today announce our intention to raise up to £12m via a placing of new Ordinary Shares to institutional and other investors all at a price of 11 pence per new Ordinary Share.

...We are pleased to report there has been huge institutional interest

XSG did a good placing - sp was 0.9p - placing at 0.5p and it closed at 0.9p the same day.

Its whether its for good reasons or to keep the lights on. Probably get a RNS this morning saying its all done.

Its crashed - been d own for an hour

Thanks Slik

Val / Gizz
Thinking of getting L2 here but holding off as when I had it years ago, it was unreliable.
Does it work well now?
Cheers

Wise and true. KSA is the 20 p or 6p

It has been said before but WSG have been unlucky with timing (global events, etc) for years and false dawns have weakend whatever market confidence used to be there. It's now way of in the distance ... however does respond in part (20p, before 15p recently) when a glimmer appears but is just as quick to fade as expectations are maybe too high that .. 'this is it at last'. Without a major (real) deal (e.g. KSA) then these mini rises will lessen until the market fails to respond to anything at all. We need a 'biggie' as unfortunately the 'head above water' deals, whilst good, are not eno

Correct. Big drop very good. For a while!

Volume dried up - so its the ooh - I've got too much versus fook it, I'll risk a bit extra zone

Only 151m shares so it can be moved around with ease in a blink.

All good fun.

A good reference post.

The BOD RNS'd that admin costs in 2020 are expected to be lower: My understanding why this will happen in 2020 is:

One off legal and professional fees circa £600K were paid in 2019 (to do with Bixby Issue in May). These are non recurring for 2020.
One off severance costs were paid in 2019 for the switch from a MAS (mining as service) to mining own book strategy with laying off staff with redundant customer facing roles. once again, non recurring in 2020.
BoD Payoff: Bixby got a one off payoff in 2019 so non recurring. No further payouts to be made for ex CFO (Timothy) and ex CEO Edwards in 2020.
MAS 2019 business one off turn around payments in 2019 were made. Once again non recurring for 2020.

So, lots of one off 2019 payments. Non recurring for 2020 so thats why i'd expect admin costs to reduce. The BoD are well aware of investor sentiment on this issue. My view is similar to yours that 2019 was a **** take by the ex Bod. They are now gone though, bag of silver and all that....It's a new bod now, new company for 2020 and not many in the market have worked this out.
Other comments:
BTC mined in April was down to 319 from 338 in March. Note there was 1 less mining day in April compared to March. Difficulty levels explained in RNS.
Fx is a minefield when moving money across CAD,USD,GBP. I believe our 2019 losses here were 50% less than other miners but as you point out 2019 could have been profitable with just a better Fx market alone. 2020 looks better. 2020 looks even better if BTC does its post halving go crazy move upwards again. Add to that the macroeconomic factors associated with the current massive fiat printing and H2 equity market crash and this is looking like a clever place to be IMO.