Member Info for Nthoftheriver

As more institutional or HNWI (Family offices) buy BTC, wonder if the level of volatility will reduce as they suck up the supply and traders play with less or just trade Satoshi’s. Maybe they will move to ALT coins to trading more in the future?

Any views on future volatility, as the price moves into the $50-100K zone. Surely 30% rapid swings will be ridiculous then and not credible for a future store of value?

Cryptocurrency: Bitcoin hits three-year high as investors jump in https://www.bbc.co.uk/news/business-54982604

Just hit 18,400

Wow!!

Well this is turning out to be great day. More of it tomorrow, please.

Great that you bought back at a profit Poptomist.

Tesla to join S&P 500, spark epic index fund trade

https://www.reuters.com/article/us-usa-stocks-tesla-idUSKBN27W2YF

Looks like this is going ahead now with the S1 being disclosed according to CNBC.

Ticker will be ABNB.

An inside look at Bitmain’s Antminer S19 machines - the most efficient and stable rigs in the mining market.

Argo will have 4,500 up and running in February.

https://www.youtube.com/watch?v=HMq3rqC61AY

Won’t complain Craigieboy if we get news before Christmas, but either way we get some news.

Although we don’t necessarily want Nickel price overshooting on the upside, I reckon while we are finalising the deal it can’t but help sentiment. We probably have pretty well nailed down the APR on the debt, so can’t see it changing that part of the deal, but will put some incentive on institutional investors on the remaining equity raise.

Nickel above $16,100 and the general China/Asia deal over the weekend all positive.

https://youtu.be/C-beMyihM9I

Candid,

Fair points. Just think without a track record it would have been so easy, especially with the volatility attached to BTC in the past.

I certainly think that now they are in better position and have demonstrated a way to generate revenue and be cash positive on a monthly basis. They could now go to the market and raise debt at a more favourable rate. They may well set up a rotating debt structure with a bank to cover not having to sell coins into the market each month and do it when the price is right.

Candid,

I’m relatively new to this share, but to me personally when you see how many oil and gold miner stocks that end up in death spirals due to carrying debt at stupid rates with attached warrants because they have no track record apart of some and a few maps ‘x marks the spot’. I’m rather glad the company has demonstrated a way to keep the lights on, pay staff and generate revenue. Some might say, a well managed company.

Bitcoin is now starting its journey into mainstream. As more and more institutional and HNWI buy and hold the degree of volatility (that traders current like) will in part diminish. All the time raising the value of BTC. As we will then need less coins to keep the lights on, that’s more cash for dividends and growth.

Appreciate others may see it differently

Now holding 420K in my ISA & SIPP.

Reckon anything under 10p is going to look real cheap in a years time if BTC is anywhere near the 100K price some feel can happen.

German start-up Lilium snags Orlando deal to launch U.S. hub for flying taxis

https://www.cnbc.com/2020/11/11/lilium-to-launch-us-hub-for-flying-taxis-in-orlando-florida.html

Wasarunner,

Wonder if Teck, Glencore & Orion have agreed to underwrite the equity raise say at a predetermined price. Taking say a large portion themselves at the outset and agreeing buy up those not taken by others. (Bit like an IPO). Let’s face they know they get more of Vermelho for the price. If that’s so, when the Equity raise price is announced, say @ 10p, because it underwritten, the SP would move to that price or a premium if the market is obliging.

But I also don’t think the equity raise will involve us Small PI’s. More like other institutional investors or high nett worth Peel Hunt clients who might agree a lock in to ensure SP stability (no staging on the days following the listing of the extra shares).

Bwana, thanks again for taking time to post your notes.

.. The Company will provide a formal update to the market in due course.

Reminds me of when I was a young project architect working for an international client and used that expression in a letter in response to a request for an update on progress. Needless to say I got one hell of a dressing down by one of the Senior Partners for the reply. Suggesting the response implied a kind of I’ll let you know when I’m good and ready. Not the tone suitable for a high paying client.

Apologies for the off topic. Just a bit of reminiscing.

If you would believe alot of the discussion, the merger was to create a breathalyser. Sadly I believe the board messed up with the AGM. It to me was opportunity to discuss the benefits of the merger on the core business. Then held an Apple type ‘..and more thing’ event for the BT unit. But that’s all in the past now. Just hoping the final bits of the merger deal are sorted and the real news flow can start up.

Holding onto my shares, with a sense of frustration that we have to visit the low 20p area (pre merger 2p).

Good luck all holders.

Thanks Bwana,
Not sure how much success you’ll get with the following questions but I’ll put them out there.

1. Can the board give some clarity to the finance package and will the equity raise be announced prior to or after the debt finance. Are any Brazilian banks still to be part of the debt package?

2. With around 6 weeks (Including Christmas) left in the year are the board still expecting to finalise the finance this year or has the date been pushed out into Q1 2021. If so how far out?

3. What are owners team currently working on or are they on furlough till we get finance sorted.

4. When will a high level mine development plan/program be published?

This one a bit cheeky, but would be good to get a handle on Vermelho.
5. The lack of news flow on Vermelho is concerning especially as the Araguaia equity raise would seem to dilute its value to existing shareholders. Is this a deliberate incentive plan in order to secure funding for Araguaia?

Any feedback would be brilliant.

Much appreciated.

Nice to see Nickel pushing close to $15,800 this morning.

(Note: less than 7 weeks left in 2020. Hopefully some news on Finance or Vermelho forthcoming).

Good luck all holders.

Hard to believe this is now running at a 20% premium to the NAV.

Trimmed a bit around £5 seems a bit early, lol. Won’t add any until get a full list of holdings to understand better the Unlisted companies and overall composition.