Member Info for K3VMC

GUG

“ Some people make them more often than others K3VMC. I'm still here.”

That was proper, Hitch**** spooky! Could you please just stalk me on one bb?

Pecten11, I don’t mean my buys are reported as sells. I mean they just aren’t reported.

Curious.

Wait! Where is Safetyman?

Has anyone ever seen GUG and Safetyman in the same room?

Actually, as of two minutes ago, two contract notes.

MIB

“ Just 4 buys in last 4 days? Wtf is going on?”

Misreporting, I have a contract note that says otherwise.

Oh, look! Spoke too soon. Could have made a couple of pence, after all!

Doh!

El fin de semana, surely?

Is GUG on holidays? I get worried when he isn’t somewhere I can see him.

the_Chuz

“ I also think anothrr placing will be in order soon enough.”

Well, PW has just borrowed $45m in total, which he will repay in October from the $75m IPO, so IF he needs more cash, I can’t see a raise before the end of the year,

In the short term, Mike’s tweets tell us the IIs keep buying. PIs can’t sell their ARB shares cheap for ever, because the percentage of hard core holders is increasing as the weaker holders sell up.

It will be interesting to watch the price action leading up to, and after, the IPO.

I nearly sold a few at just over 140p today, just because the stock I bought at 131 earlier in the week went over 140, then back to around the low 130s then back up over 140. I’m trying to be less of a holder and more of a trader, so I was kicking myself for missing that one. Don’t miss this one, I told myself.

Then I had a think. 1% broker fees, in and out, plus 0.5% broker fees. Hmm. About 3.4p/share, so I’d have to buy back at 136.5p, just to break even. On balance, not worth the risk. The II buys can clearly be seen at the end of the day, so as long as the MMs were getting enough sales to fill those orders, why let the PIs get back in? I guess that’s why the sp has been holding up very well.

So, I as wrong earlier in the week, for sure, but I think holding today was the right decision.

GLA

the_Chuz

“ I know what I would do though.. I'd do an IPO on nasfaq and a share issue on Lse and take the share price to 75 - 80p and be funded without an extra debt burden.”

This is why PW is managing the company and you are posting on his BB. He knows what he is doing. :-))

fudgerella30

“ I know people are speculating on a possible short delay to the ipo (29th oct repayment date). Its possible there is no delay to the ipo, they just needed cash for quickly for something!”

Excellent point! That hadn’t occurred to me, but could well be the case. Maybe a job lot of miners came up for sale?

Good morning 600Thieves.

Somebody has to have that $45m to repay Galaxy on 29th, October and it won’t be me!

Blubay, thanks for posting.

600Thieves, thanks for finding.

Looking very, very good. The first of many pieces of good news to come in the next month or so. PW will have built slack into the timescales for the IPO. Mid October?

Buster

“ What happened to the $100m loan facility they had previously arranged?”

I assume nothing has happened to it, since there has been no RNS to the contrary. It’s a facility. Maybe tranches of it can be used depending on the build stage of Texas?

MacF1

“ IIRC - the last Galaxy loan has an interest rate for over 12%, so assuming this one is the same, the sooner it’s paid back, the better. PW is obviously gambling that the BTC coins will be worth much more than 12% more than they’re worth today, in October. “

PW isn’t gambling on the price of btc being more in October, because he isn’t going to sell btc in October. It’s only used as collateral. You could argue that he is ‘gambling’ in the IPO completing by the end of October, as the IPO funds will be available to repay the loan.

“They will be able to use the IPO mo Et to repay the debt, for the time being, I’d imagine. “

Agreed.

“Interesting times, if a little worrying too.”

Any enterprise can go wrong. That risk exists in all stocks.

CrestEx

“ If somethings leaked I hope it isn't reflected in the volumes today because we had £2m in sells and only £.6m buys.... the SP rising 5% doesn't make much sense”

This means nothing. Market makers move the spread around to encourage people to buy, or sell, depending on whether they are accumulating or distributing.

Look at the huge buys, everything else is noise. Does the buy / sell ratio worry you? Does it make you want to buy / sell?

Ok. That just means they are manipulating you as they wish. Play into their hands if you are worried. That’s how they make their living.

Roxanne123, can I ask you what charting software you use on the podcast? I pay for Updata, plus extra for an intra day price feed, but I don’t think I’m getting value for money.

Nasdaq application filed.

https://twitter.com/lindauerinvest/status/1435677190033711105?s=21

I didn’t expect a drop like this, so I’ve bought back the stock I sold at £1.445. Happy with a 12p+ difference. I’m not going to sit here and wait to pounce on a couple of pence drop!

I think PW is sitting on a lot of news, which will flow before and after Nasdaq.

GLA

I’m quick enough to post when I buy, so only fair to post when I sell.

I sold about 40%. I expect PW to IPO at a premium, but I don’t need to risk so much. I’m moving the cash to a stock that is undervalued and has more than enough cash..

I won’t be gone that long and opinion still looking for £5-6/share.

GLA