Member Info for Phoebus

It's only minimal dilution, but still feels a bit greasy to do one at a 30% discount just as the SP finally broke out.

Last time I checked there were two small intervals with a high COS (63% and 57%), one huge target with very low COS (10%) and one target of 53 MMBOE P50 net recoverable with a solid 34% COS. The first two intervals are too small to justify the current market cap on their own and the 10% one is unlikely to be successful, however the 34% interval looks good. If we ignore the 10% interval then PRD is currently valued at around $0.92/BOE unrisked and $3.27 risked at the current SP ignoring other assets. Not particularity cheap IMO, but not massively overvalued either so perhaps still a bit of upside pre drill if the FOMO is there. GLA

Probably just a technical breakout. The important thing is to look at the net risked P50 BOE figures for the the drill with particular attention to the COS and size of each interval and then assess whether you think it is good value at this market cap.

I'm surprised this hasn't had more of a rise today given the huge move on OTC last night.

10.3p on the ask on OTC.

After a massive pullback COIN has completed financing, had a lengthy consolidation and cryptos are moving higher. Looks like a great buying op. GLA

According to Cheshire Cat on Stocktwits estimated HODL of BTC (equivalent) is 5560.4 for MARA, 3586.6 for HUT8, 1999.0 for HIVE and 1948.9 for RIOT.

Plans for 2022 to 2010? Is Argo developing of a Tardis?

£1M for GGP is what I would call a multibag. To reach that level it would have to add around £3.2 billion in market cap, which is a massive ask even for GGP. Among LSE listed gold stocks only FRES, POLY and WPM have market caps over £4B whilst CEY is only £1.3B and POG and HOC are only £1B each. So to reach £1 per share GGP would have to add the entire market cap of HOC, POG and CEY. Look at their brilliant assets. Doesn't seem plausible to me.

£1M for GGP is what I would call a multibag. To reach that level it would have to add around £3.2 billion in market cap, which is a massive ask even for GGP. Among LSE listed gold stocks only FRES, POLY and WPM have market caps over £4B whilst CEY is only £1.3B and POG and HOC are only £1B each. So to reach £1 per share GGP would have to add the entire market cap of HOC, POG and CEY. Look at their brilliant assets. Doesn't seem plausible to me.

Funding done and drilling to follow. The mistake was buying in on the project injection hype when they had no funds to do anything. That issue is now sorted.

Funding done and drilling to follow. The mistake was buying in on the project injection hype when they had no funds to do anything. That issue is now sorted.

I can't say I'm impressed by the comments on here today.

'Some of us are using.' Yeah whatever. Get a room. You mean this link on my address bar.
https://cointracking.info/portfolio/8699e611339066a72040

If you take your figure of £136.6M and divide it by the total number of shares (131.67M), what figure do you get? 103.7p or about 105p, just as I said. That's because my spreadsheet is using almost exactly the same data, because that is the data from the RNS statements.

I've used this data as the basis for a long time and people have not complained so far when I've posted the NAV. Do I really need to keep adding all of the extra caveats every time I post it? FWIW, this figure does contain the book value of non trading tokens and equity stakes, but it does not take into account any extra tokens generated from staking. If we assume an average portfolio yield of 12%, assume 6 months of staking and that 50% of these revenues have been sold to fund new investments then we can add 3% to the 105p taking us to 108p.

I think you need to go check your calculations Franco.

You're right Wallact, but thinking and doing are two different things. IPOs take time and sometimes business decisions and financing needs to be done quickly. Markets don't like uncertainty. Wish they'd kept it simple.

Class comment. :D

NAV is currently around 105p having dropped to nearly 70p at one point yesterday. Cryptos have indeed bounced, but there is no guarantee as yet that this is anything more than a relief rally. If BTC rolls over KR1's NAV is in danger of seeing a really massive drop regardless of which cryptos it's invested in. Folks paying nearly 20% over NAV today look to be taking an awfully big risk. In the long term crypto and KR1 should do well, but you don't rock up at the office Christmas party just as the doors are closing and wait there until the next year. Until we get more sign of a bottom I remain cautious. GLA

NAV is currently around 105p having dropped to nearly 70p at one point yesterday. Cryptos have indeed bounced, but there is no guarantee as yet that this is anything more than a relief rally. If BTC rolls over KR1's NAV is in danger of seeing a really massive drop regardless of which cryptos it's invested in. Folks paying nearly 20% over NAV today look to be taking an awfully big risk. In the long term crypto and KR1 should do well, but you don't rock up at the office Christmas party just as the doors are closing and wait there until the next year. Until we get more sign of a bottom I remain cautious. GLA

The solar business is putting me off adding at the moment. The current net asset position looks to be around £10.7M and after the solar loan that leaves around £6.5M. Moreover, the pipeline of projects for the solar business will require funding if they get the go ahead and given they look much bigger than the first project will likely require much more than the $6M ECO has provided so far. I realise ECO has said these projects will be funded through the subsidiary, but with 70% of the business owned by ECO I worry that ECO shareholders will be stumping up extra cash or indirectly taking on more debt to pay for it all. Even if no more cash is required form this quarter, £6.5M is a measly sum to be going into a 2 well drilling campaign. Sort out these issues and I'd be much more inclined to add, but as it is I'm worried about a discounted placing.