Member Info for Shark41

My mistake, I missed that the 50million (£118k) was from yesterday (not today) and given the sudden drop thereafter most probably a sell. I stand corrected.

@DazedandConfused

Be careful who you call an idiot...

@Daz

Exactly what I thought.

@Martinigirl

How would you know it's a sell? The fact the price is .23 rather than .21 makes me think it was a buy actually. Or is it listed on LSE?

@Tygra

Well said 👏

Is it me or was that RNS one of the worst they have put out so far... It's so vague, doesn't even read well. Reckon SP might take a further tumble today...

@Mooh

I think this is the right link...may take a few days to show

https://data.fca.org.uk/#/nsm/nationalstoragemechanism

Thanks for the info guys..wishful thinking on my part!

I'm reading between the lines but to me this suggests ETF approval expected 11th Jan? That is the date new shares become available to buy.

I haven't done the math but clearly they have sold the bulk of their btc holdings...would this clear their debt (or atleast a big chunk of it?)

@Gazza

Proven liars? Do elaborate...I'm intrigued

@Gazza

Martinigirl raises some valid points to consider.

Best to use her narrative as a reference for the worst case scenario. I don't agree with everything she posts but she has been right lately.

@Martinigirl

Thanks for the context. That makes more sense now.

As previously mentioned, I was banned from the Telegram group...they said I was too negative (apparently they don't like healthy debate..)

This is a longterm position for me....keeping an eye on the recent negative happenings but this time last year when everyone was ramping it saying it wouldn't go lower than 1p...I fully expected it to fall to these levels before it become successful. You have to consider things in real terms, mining is a tricky business...there was always going to be bumps along the road. Hence Im not that concerned...its high risk investment for the long term.

Just a waiting game now!

@Martinigirl

You're never going to get it. Most of us have been in this stock for several years and see this as a 10year position. Like Sir Stonks, if the SP hits the teens I'll also be topping up.

I still dont get why you post on this board..you don't even hold a position.

Everyone keeps focusing on Zulu, but Prem has other interests aswell. I understand Zulu is the biggest and therefore integral to the future success but please remember it's not the whole business.

We need to be realistic, this phase of Zulu was always going to be the most difficult. Success is never straightforward. This is just an annoying blip, but I reckon they will get through it. I'm am concerned about recent events but I think longterm this will be fine. Just sit tight and be patient.

The problem with retail investors (of which I am one) is that everyone wants to make a quick buck. Profits are expected immediately and they money isnt made in a few months the investment is deemed a failure and panic stations all round. Time is an investors best friend...

@canarydwarf

Re your comment about miners only being able to mine half of what they can now...that is what is going to make it more valuable. You need to think about it like diamonds...the scarcer they are the better. As more people realise the benefits and the true worth of bitcoin...demand will increase.

Martinigirl

Haha! Your last post made me laugh out loud...now everyone on the train thinks I'm bonkers...

If George has lied to us and made up the Feb deadline fthen we're f**ked. No investor in their right mind would ever believe a word he says (his position would be untenable) and nobody would invest a penny in the stock.

On paper I'm still bullish on this but I'd be lying if I said I wasn't concerned....where the hell is the money going (its shocking.)

SP of miners will rise between April halving and end of 2024 (inline with BTC) but then it will fall. Also, likely big sell off when it shoots up. I dont think it will be as high as people think because of past halving events. Money to be made for investors who buy and sell at right times though.

Just topped up my position...

@Martinigirl

Something we agree on GM/Stark are finished. Surely they will sack him...his social media behaviour was that of a child!

Stupidly or wisely (depending on which side of the fence you sit on) I've had a little top up today...the price was too tempting.

That's me done now unless price drops below .2. I've bought the maximum about of shares I intended to in this stock.

Just a waiting game now...gla