Member Info for Phoebus

Indeed. Sprinkle on a bit of jargon and hey ho your SP rockets. Reminds me of that WCAT RNS from the other day. Did you see it? I though it was laughable, especially as their market cap is £37M with a net current asset position that looks to be only around £400K. Unreal.

https://investegate.co.uk/wildcat-petroleum--wcat-/rns/statement-re--appointment-of-michael-edelson/202102150700070230P/

Or UKOG even.

Plenty of people made huge gains in FRR, UKO and SXX. You just need to invest at the right time. With the crypto sector starting to go into overdrive, this looks like CLP's moment to me.

Top post Albert.

At 9x yesterday's placing price in a mega illiquid stock? Hmm ... . Best of luck.

ARB did a placing for £22.4M recently and are spending I think around half of that to add 610 peta hash, so £10M would clearly buy a huge amount of power, around 550 peta hash I guess.

https://investegate.co.uk/argo-blockchain-plc--arb-/rns/private-placement/202101180700059878L/

In January ARB mined 93 BTC equivalent of which roughly 5% was ZCash, so about 88.4 BTC and their BTC hash rate was 787 peta hash. Ceteris paribus 550 peta hash would generate around 61.7 BTC or £2.3M per month.

https://investegate.co.uk/argo-blockchain-plc--arb-/rns/january-operational-update/202102030700037886N/

Even if we use a figure of £0.5M from the recent CLP placing to buy rigs we might expect that to generate 3 BTC or £115K per month net to CLP. Even on this basis CLP looks way too cheap. If any more funds become available for extra rigs then look out above.

The company is clearly interested in crypto space and has raised the funding to substantially upgrade its computing power and restarting Bitcoin mining. They also have EUR 30M plus of potential claim money pending with imminent new flow. If they put even just a fraction of that into new mining rigs they would be able to generate significant hash power, small compared to ARB, but huge for CLP's market cap. If they can't get rigs they they can just use the money to buy DeFi cryptos and stake them to get major returns (10%+) without any hardware. A few piece still need to slot in place here, which is why the market cap is still so low, but this could surprise up all. Definitely worth a few quid IMO. GLA

A lot more people are starting to take note.

And 2M well above bid. Big demand for shares.

Looks like our US OTC listing has been upgraded from Grey Market to Pink. Excellent. Next move should be to OTCQB as per ARB.

https://www.otcmarkets.com/stock/KROEF/overview

Well we've had nearly a week of consolidation around the 1.35p level, which should make for a strong move.

Broken 3 day high. Rally high is at 1.80p. Break that and we're away. Can't be long now. GLA

And to think Golden Shower is rising again to £37M market cap. That's 5.6p for CLP.

Nor can I.
https://www.youtube.com/watch?v=uPudE8nDog0

And crypto stocks.

Can't believe OBC's market cap is higher than CLP's. Had a really good look at OBC's assets and apart from the stake in ADVFN, which is only worth a tiny fraction of their market cap, I can see nothing of real substance or interest at all. CLP on the other hand will be mining again soon and with EUR30M plus in potential claim payouts pending they may well have the cash for some serious hash rate. OBC no thanks. CLP all day long. Other crypto stocks are going great guns. Time for this to push on.

You would think so. PW is a smart cookie.

right now. :D

Brigstock, thanks to your interesting article I took a few.

Yep. 9.4% up. All good.