Member Info for Phoebus

OTC down 9% and yet NAV is down only around 2% since yesterday. Bl__dy pathetic SP movements. NAV 120p, OTC SP 264p. NAV 161p, OTC SP 130p.

Me too. It's a travesty that a crypto as useless and dreadful as DOGE is doing so well, sucking the capital away from a whole host of excellent projects with very powerful use cases. Polkadot for example is down since Feb, which I find utterly astonishing. It wouldn't surprise me if certain entities are deliberately blowing a huge bubble in DOGE to suck in the known universe before crashing the price to almost zero in a near instant wiping out an entire generation of 'investors' and causing a major cascade across all cryptos to implode the current crypto bull cycle. I hope I am wrong.

You mean the one at 0.75p last September, which was followed by the SP hitting almost 2p only three months later. Proves my point perfectly.

NAV is not 240p. As I pointed out last week the figures you're using for the BTC and ETH holdings are actually those provided by Lolmschizz who even admits they are complete guess work. The BTC figure in particularly appears to be magicked up out of thin air and looks a complete fabrication. Unless you have received communication from KR1 confirming the BTC holding I would ignore it completely. I get current NAV for trading investments including ETH plus book value of non-trading assets to be roughly 164p which is very good and in line with your figures.

'rise will be demolished' So it will rise then. I can't take you seriously.

Sorry, but I disagree. If you think a share cannot rally because a company needs more funding down the line then you clearly don't understand how the stock market works. The very cycling of a share prices up and down is what allows funding to take place and companies most in need of funding are often those that see the biggest surges ahead of said funding. GBP has just had a placing and at is a the start of another price cycle, so now is a good time to buy.

Moreover, to say that the market ignores positive news here is nonsense. The market anticipated the resource upgrade in January and people started bidding the shares higher in December. Anyone that bought ahead of the good news was well rewarded with a huge SP increase in just one month as the market priced it in ahead of time. This will happen again from these levels and increasing interest in Namibia generally as Venus-1 approaches will certainly help lift the SP. I expect the BOD will help it on its way with a bit of news flow at just the right moment.

Sorry, but I disagree. If you think a share cannot rally because a company needs more funding down the line then you clearly don't understand how the stock market works. The very cycling of a share prices up and down is what allows funding to take place and companies most in need of funding are often those that see the biggest surges ahead of said funding. GBP has just had a placing and at is a the start of another price cycle, so now is a good time to buy.

Moreover, to say that the market ignores positive news here is nonsense. The market anticipated the resource upgrade in January and people started bidding the shares higher in December. Anyone that bought ahead of the good news was well rewarded with a huge SP increase in just one month as the market priced it in ahead of time. This will happen again from these levels and increasing interest in Namibia generally as Venus-1 approaches will certainly help lift the SP. I expect the BOD will help it on its way with a bit of news flow at just the right moment.

ETH? Are you sure? I have ARB down as mining roughly 95% BTC and 5% ZEC.

Sorry for the double posts. I've changed to a new mouse, so hopefully that solves it.

Whenever I see a share or financial instrument at the same price for a long time I always suspect that major distribution or accumulation is underway, likely to be followed by strong price movement that favors said accumulation or distribution.

Whenever I see a share or financial instrument at the same price for a long time I always suspect that major distribution or accumulation is underway, likely to be followed by strong price movement that favors said accumulation or distribution.

Who knows? I wish I'd stayed out of the Canadian stocks to be honest. I waited for a 50% drop before buying DMGI and DGHI, but they've tanked since despite being very cheap on a fundamental basis. Blonity's latest Sunday podcast should confirm this, but reality hasn't helped them so far. Question is, are you feeling lucky punk? Stick or twist.

Who knows? I wish I'd stayed out of the Canadian stocks to be honest. I waited for a 50% drop before buying DMGI and DGHI, but they've tanked since despite being very cheap on a fundamental basis. Blonity's latest Sunday podcast should confirm this, but reality hasn't helped them so far. Question is, are you feeling lucky punk? Stick or twist.

Buying under NAV. Nice one Franco. I was just talking on the ARB board about the miners struggling and the continued placings across the sector. Not something we have to concern ourselves with here. Another big tick in KR1's box.

Buying under NAV. Nice one Franco. I was just talking on the ARB board about the miners struggling and the continued placings across the sector. Not something we have to concern ourselves with here. Another big tick in KR1's box.

Thanks Lolades. Think I'm just a bit nervous as I don't want to see any more of my profits vaporize. It's not been the most appetizing few weeks for us despite the bullish outlook for cryptos. GLA

Thanks Lolades. That's comforting. Actually Kozzi, I was talking about ARB and the whole sector. Placings everywhere. Get as much cash in before the next crypto bear market starts which I expect to be from September onward. Newish DMGI shareholders have certainly felt the shaft and most of the miners are struggling. Fingers crossed.

Yeah, I know Kozzi. I had to read it twice as well. I'm still bullish on cryptos and see a peak in Q3 this year, but I've learnt from experience not to be complacent and to questioning my assumptions about the market. Where's that dark chocolate gone? I need a lie down.

Yeah I saw that too. Thankfully I only have a very small holding. Makes me wonder if we are being lined up for yet another placing too, in fact it makes me wonder about the whole mining sector and if we are being played. Massive ramp in miners 9 months ahead of stock to flow cycle peak then nothing but placing, placing, placing. Mining stocks fail to reach their early 2021 peaks, companies gets their cash and investors are left holding the bag through next crypto bear market. I'm sure it's nothing and I probably just need a walk, so best of luck everyone.

I seem to think that Ukraine line was mine. I also called this a sell when the CPR came out a few weeks back near 2p as it was clearly a sell the news event and an imminent placing looked obvious. The shares are now 75% lower, so we need to reconsider the situation. The market cap is tiny, the licence has significant prospectivity and the share is very illiquid. From these levels it will not take much to cause a significant increase in SP as the GBP cycles between fundings. Renewed interest in Nambia should be more than enough. There will be a time to sell once again, but IMO this is not it. At these levels this is a strong buy. GLA