Member Info for Phoebus

Thanks Matt.

Nice one Matt. I'm guessing you tendered 100% and they accepted 95%. Is that correct?

Thanks Popes. From reading the RNS it appeared that shareholders needed to contact the company directly, but as most of us hold through our broker's nominee account, I guess we should give our instructions via our broker. The fact that Jarvis has already contacted you seems to confirm that. Hopefully my broker will be in contact shortly.

The tender offer looks a good deal if you want to lock in some gains at this level, although the NAV should hopefully move significantly higher in the post halving bull run. 12-15p seems very feasible IMO. I can't quite believe that UK investors miffed at having no BTC ETF have bid up MSTR to well over NAV, whilst PNIX offering exposure to BTC, ETH and SOL has sat at a huge discount to NAV for ages. A real diamond in the rough for those that could be bothered to look for it. Well done all.

Has anyone had any communication yet from their broker for submitting their instructions for the tender offer?

AJ Bell offers it.

MSTR now has a market cap of $29.4M, yet its crypto HODL of 205K BTC is only worth $14.8B, so it's at 2.0x HODL, whilst KR1 is only about 0.75x HODL. Ridiculous. 2.75x cheaper than MSTR and with more highly geared assets.

Just noticed MSTR is up 20% today. Before the recent listing of BTC ETFs in the US, MSTR traded at a premium to its BTC holdings, which could be justified to some degree as it was the go to proxy for US equity market exposure to BTC.

Following the listing of the ETFs, which are highly liquid and closely track the value of their BTC holding, there is no longer a case for MSTR to trade at much if any premium at all. However, MSTR has gone vertical since the ETF listings and is now at a whopping 43% premium. I have plenty of exposure through DAGB, but honestly, it's seems ridiculous. Can investors not do even the simplest of valuations? They'd get far more bang for their buck buying one of the ETFs, never mind a crypto baskets at a deep discount like KR1. But, who cares. The're piling in regardless.

There seems to be switching from other crypto related companies, particularly miners, to MSTR, which is stifling their progress. My guess is Saylor is about to do a huge placing at MSTR into this rise and will use the proceeds to buy loads more BTC, which should turbo charge the bull market, so the current outpeformance of MSTR may be a blessing in disguise for the whole sector.

Anyone have a different take on MSTR, that might explain what is going on?

Just noticed MSTR is up 20% today. Before the recent listing of BTC ETFs in the US, MSTR traded at a premium to its BTC holdings, which could be justified to some degree as it was the go to proxy for US equity market exposure to BTC.

Following the listing of the ETFs, which are highly liquid and closely track the value of their BTC holding, there is no longer a case for MSTR to trade at much if any premium at all. However, MSTR has gone vertical since the ETF listings and is now at a whopping 43% premium. I have plenty of exposure through DAGB, but honestly, it's seems ridiculous. Can investors not do even the simplest of valuations? They'd get far more bang for their buck buying one of the ETFs, never mind a crypto baskets at a deep discount like KR1. But, who cares. The're piling in regardless.

There seems to be switching from other crypto related companies, particularly miners, to MSTR, which is stifling their progress. My guess is Saylor is about to do a huge placing at MSTR into this rise and will use the proceeds to buy loads more BTC, which should turbo charge the bull market, so the current outpeformance of MSTR may be a blessing in disguise for the whole sector.

Anyone have a different take on MSTR, that might explain what is going on?

I can see FOAM on the cointracker portolio says plus 700%+ over 24 hours, but could it just be a data glitch? The same website is showing the current price as almost flat and other sites are showing it's actually down on the day.

https://cointracking.info/coin_charts.php?cur=FOAM

https://www.coingecko.com/en/coins/foam

Sometimes there is more that one project that uses the same ticker, but I don't think that's the case here. I tend to use coinmarketcap for pricing, but they don't show prices for this one. Not sure why.

Some extremely interesting crypto market activity since the ETFs started trading yesterday. As BTC price gets squished the money in the actual crypto space seems to be flowing straight into ETH and the alts. Bitcoin dominance metric moving lower. It's as if attempts to diminish the fiat value of crypto by pushing BTC lower using the ETFs is having little effect as the other cryptos are just moving up to neutralize the effect.

Indeed. ETH just hit highest since May 2022. Good sign for alts.

Checking coingecko.com I can see that LDO goes back further than I thought so today's peak is not the ATH. Looks like that was in 2021 at $6.36. Nonetheless, our LDO position is starting to look very interesting. GLA

And LDO just hit an ATH of $4 on Coinbase, which equates to $51.6M for our 12.9M holding.

If some of these public portfolio trackers are so out of whack, it's not surprising the SP doesn't respond when the NAV roofs it. It went over 118p this morning by my calcs. Can anyone confirm?

The number of TIA looks correct, but the price is not. Your link has it listed at £11.16, but it's £12.65 right now.

Quoted coin NAV per share looks around 115p this morning, so plenty of running room even without continuation of the overnight crypto breakout. Well done all.

No probs ... unless you panic dumped of course.

That's old FUD from June.

If a few punters jump into a highly illiquid stock like WTE on some random RNS the SP will react, even if the news is a complete non story. Today's RNS is of very little importance to Westmount. Not only was this transaction announced to the market many months ago, WTE's stake in ARG was worth a pitiful £3,500 on delisting the other week. WTE still has limited exposure to ARG's falklands licence through its take in JHI, but the licence is very early stage with ARG having never even drilled it.

All the value drivers for WTE will come from elsewhere. The Orinduik and Venus licences are of limited impact for WTE given its limited exposure to them. Gearing to Kaieteur drilling is better, but it will take a drilling announcement for the Canje block for WTE to see any real traction, and that appears to still be some way off.

Https://oilnow.gy/featured/ali-jagdeo-see-guyana-oil-bid-responses-as-favourable-given-governments-terms/

Starred blocks on this map appear to be the 8 that have been bid for, including all areas directly adjacent up dip of Orinduik as you say Harel. That's a very good sign.