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What was going here on last Monday (11th may)
700k+ shares looked like they were bought from the trading history (many market as sells), trading volume 20 time’s today’s volume. One poster has noted some massive buys below...
Any ideas?
Great Minds think alike. Looks like we have similar tastes in shares. Let's hope they both do well.
Good Luck.
With businesses planning on opening post lockdown and no solution to covid apart from ongoing social distancing this company could make a fortune here.
Forget theme parks for a moment, it’s removing queues in any business that should be targeted. I’d Start with supermarkets. With no vaccine roll out till probably 2021/2022 social distancing is here to stay.
I hope the BoD are all over this and can provide a mobile phone app based solution to what is required. If it’s wrapped up in its current IP then this could be quiet an opportunity for this company. This could be the next novacyt with regards to growth opportunity and you can see what covid has done to that business!
GLA
SD
£20k in buys vs £0.6k sells.
A Good start to the morning.
I make the point that many have made here previously. From the 2019 accounts it appears that we had been taken for a ride with large exceptional one off costs, which should not be repeated. If you re-read my post you'll see that my 2 cowboys line didn't name anyone.
I agree that Edwards' strategy change has potential and I like the vision. I wouldn't categorise it yet as "successful". If he had managed the change with ALL the significant shareholders on board, then the Timis/Bixby event, and Chang (and other) share dumping would not have occurred, and the stock price would not be where it currently is.
GLA
SD
Yes Alpaca, there is a telegram group for shareholders which some holders here are part of. There is a standing invite. The link is here:
https://twitter.com/Sausagedog19/status/1253762930090422274
We have lines of communication with the BoD and there are plans for these calls to be a regular event.
GLA
SD
I agree on mirabaud not being useful to us at the moment. Maybe a change at the AGM should be explored. I can’t see how they have helped us recently.
We have had several major shareholders offload (Eric Chang the most recent). Apart from Chang, they have not made these organisations TR1 and don’t seem interested in keeping the market informed.
Why did they stand by whilst Chang dumped 7.95% of all the companies shares into the open market over a 2 week period? They could have been proactively pursuing an off market transition to another investor, not leave us vulnerable to a cheeky low ball take over bid.
The new Bod and broker need to be be seen to be working for the shareholders, and not taking us for a ride like the last 2 cowboys did from what looks like a 2019 consultancy fee And payoff extravaganza!
I like the vision here but the axe should be used for those not sharing it.
SD
Boom. The sausage was right. Boom
Thanks dan.
I’ll take a look. I’ve Got a few more gold stocks to add to my arb and bitcoin stash
Ta
I would think we have 1 hour till our Canadian sellers TR1 lands and tells the whole world that arb is cheap and come buy some! Get em whilst they are still cheap! Re rate time....
GLA
SD
No seller this afternoon. Looks like he could be out
Hi Dan,
I also topped up this afternoon. I just thought that the timing for your £17K top up was excellent as I feel things are turning here for the better. Lets hope this moves north and everyone here benefits. I agree, this stock has massive potential and is well positioned for the halving.
BTC is having a go at 9900 as I type. Come Monday this share could really take off.
Good Luck
SD
Dan: That's unbelievable timing. You pitch up just at the moment that we've been sold to high heaven by a major share holder, hit the bounce on the technicals and at the precise moment Bitcoin goes on one of it's crazy moves north.
Please tell me before you buy your next share!
GLA
Bitcoin having a charge at the 9400 USD. This Could get very interesting
**** me.
Have you taken a new type of pill this morning?
That last post is positive and along the same lines of thinking that I have.
Just because we are ahead of the herd does not make us wrong, just well positioned for what's to come.
GLA
SD
Nope. He's added 600K since Jan. Guess again...
That's the delayed sell mistakenly put through as a buy by LSE. It's weighed us down today.
I thought you said you were going to be positive?
Poptimist. I share your disappointment with the share price. You are quite often negative on the share and if you were not holding I would single you at as a "deramper".
Please re-read some of your posts are ask yourself the question: Are my posts persistently negative and could this actually damage the share price in any way?
A delayed £52K sell has just been put through today. This has held us back all day which after the first 30 minutes of trading has been mostly buys. Without this we'd be 10% up.
Let's hope this seller is done and we can have a good blue day tomorrow. If they are done, it will be a big blue day. Looking at the random number of shares sold I'd hope that was it. Let's hope the SP moves freely and quickly upwards tomorrow with the first few buys.
GLA
SD
Shandypants: Nice post.
The BOD RNS'd that admin costs in 2020 are expected to be lower: My understanding why this will happen in 2020 is:
One off legal and professional fees circa £600K were paid in 2019 (to do with Bixby Issue in May). These are non recurring for 2020.
One off severance costs were paid in 2019 for the switch from a MAS (mining as service) to mining own book strategy with laying off staff with redundant customer facing roles. once again, non recurring in 2020.
BoD Payoff: Bixby got a one off payoff in 2019 so non recurring. No further payouts to be made for ex CFO (Timothy) and ex CEO Edwards in 2020.
MAS 2019 business one off turn around payments in 2019 were made. Once again non recurring for 2020.
So, lots of one off 2019 payments. Non recurring for 2020 so thats why i'd expect admin costs to reduce. The BoD are well aware of investor sentiment on this issue. My view is similar to yours that 2019 was a **** take by the ex Bod. They are now gone though, bag of silver and all that....It's a new bod now, new company for 2020 and not many in the market have worked this out.
Other comments:
BTC mined in April was down to 319 from 338 in March. Note there was 1 less mining day in April compared to March. Difficulty levels explained in RNS.
Fx is a minefield when moving money across CAD,USD,GBP. I believe our 2019 losses here were 50% less than other miners but as you point out 2019 could have been profitable with just a better Fx market alone. 2020 looks better. 2020 looks even better if BTC does its post halving go crazy move upwards again. Add to that the macroeconomic factors associated with the current massive fiat printing and H2 equity market crash and this is looking like a clever place to be IMO.
I hope this helps.
DYOR.
GLA.
Come back in time for the post halving crazy bitcoin price rise!