George Frangeskides, Chairman at ALBA, explains why the Pilbara Lithium option ‘was too good to miss’. Watch the video here.
I read that the startup investor has sold out, so that's great news!
This is a such a smart idea and should be great platform for long-term PR vis a vis green BTC. Big institutions are reported to pay more for virgin BTC (with no history) and I imagine they will also pay a premium / only want to buy verified Green BTC. The only issue I see is that Argo and DMG are supposed to be hodling... Anyway, I imagine others will be invited to join the Pool and collectively they should get preferential treatment in terms of access to miner, institutional buyers and other perks so that other business' can be associated with the green credentials of Terra Pool
Did you guys hear about the Argo founder selling out about $90m worth of shares over the last few weeks? I read that somewhere - this is why, IMO, we have not been tracking the other miners / BTC as one might expect.
To be fair, i'd be happy for this to remain low until pay day and the new tax year - that would benefit our ISAs by 25%+ at this price :)
I just bought another 5k shares but have held back incase there's another final push to drop BTC again
The pre-market in the US shows +13%. I think we're getting played. I'll sell something and buy more as this fire sale can't continue.
Maybe those looking to close their BTC futures tomorrow have the price pegged below $50k and need to drive BTC down further, by any means possible. Clearly manipulation and it's caught me out again when I bought Galaxy yesterday. Last month I said it wouldn't catch me out.. next month it won't!!
March is also historically a quiet month for BTC and sees people and companies selling off investments for tax reasons. That doesn't stop it from being a little, hmmm, exciting!
@simonwm - "It makes sense that the directors cashed out anything they wanted to before a NASDAQ listing" - I don't follow the logic here, would they not benefit, like us, from a NASDAQ listing?
I read somewhere online (forum) that a company is not allowed to announce that they have applied to list of the NASDAQ and that they just start trading on it. Not idea if this is true or not but I guess this prevents companies from 'applying' just to pump the SP.
China, who control 65% of BTC mining, are shutting down their coal fired miners and becoming greener. The canadian miners, such as argo or hut 8, mainly use hydro (Green) and / or flare gas (this is putting the waste gas to use, it's being burt not because of BTC mining).
If BTC is to change the world and financial systems that will come at a price but it'll also reduce the environmental and social cost of the incumbent system.
"I lost multiples of 50k because of this dilution :("
That implies you would have sold out it and is a shortterm mindset that ignores the value of what was gained via the dilution.
SP holding up 'well' in the face of some big sales -
09-Mar-21 16:42:38 239.05934 620,433 Sell* 1m O
09-Mar-21 16:42:31 239.73333 750,000 Sell* 2m O
Pluot valuation - my guess goes as follows.
Feb 4th - 75k polkadot = $1.5m = 25%
March 8th - 75k polkadot = $3m + $10m = 25% (100% = $52m)
Valuation at IPO: $100m plus
@roleybirkin - the 25% stake in Pluto is an investment in Proof of Stake. Ie. a venture capital company for crypto projects. :)
Nice £2m buy today!
09-Mar-21 17:07:27 238.00 833,931 Buy* 2m
The fact that PW got PIs involved in the offer at all show that he cares about us!! This was NOT a requirement and was done as a courtesy. PW clearly had his hands tied and we should appreciate that he tried to get shares to PIs as a discounted rate. Trust me, institutional investors or Whales would happily have fronted up the £7m raised by PIs!
Anyone with experience of PrimaryBid or LSE placing will know that these placing can happen really quickly. AFC Energy raised £30m and PIs had 30 minutes, from my recollection, to get involved.
The £7m investment into Pluto (plus c£750k of Dot) is a staking / defi play along the lines of KR1.
In Dec KR1 was valued at 26m. Today it is value at 214m. The 25% stake in Pluto is expected to grow significantly in value when the list in Q3 (tbc).
IMHO, this is a very smart play by ARGO and a future looking one at that. Ideal for those os us who want to invest in a company beyond this bull cycle.
Getting money for Texas so that we can start mining a week or a month+ earlier is smart.
Not selling BTC is smart.
What's not to like!? This will be forgotten about my next week. No biggie.
Some of the money (7.3m) is to retain a 25% stake in Pluto
Yield app might be worth a look. This is not an area of expertise for me but they do offer good rates. For example 10% for ETH with a 10% 'boost' is ETH is held on Yield. That alone got some people more knotwork than me, very excited! I think that could be an early startup promo.