Coin - Forza Gibraltar Ltd10 Jun 2025 11:15
I was interested to read that the 6th June RNS from Coinsillium Group pointed out that its subsidiary, Forza Gibraltar Ltd purchased 3.6378 Bitcoin for its treasury operations.
They now have 13.6399 BTC.
COIN Share Price has subsequently gone from 2.5p to over 9p today giving it an MCap of circa £30M.
They have had 2 oversubscribed placings, at 3p & 6p.
Not long before this announcement TAP announced an increase of £400K to its balance sheet from circa 4 BTC received via asset recoupment.
Result - Zilch. We continue to have virtually no interest in the stock and remain 25% under the recent placing at 2p, which was considerably below the share price of circa 3.2p at the time.
Presumably, ‘asset recoupment’ is an ongoing income stream at TAP, along with our various other income streams?
I remain positive, and await patiently, for the Market to pick up on this undervalued gem.