Member Info for stupot1000

BTC is 1% down on where we started this morning! 😂

50-100% come January if BTC takes back $90k and marches up to re-test $100k.

Very possible the desire for rights to buyback shares will be utilised to resolve the warrants issue. One decent raise of £20m and they can clear the warrants that are likely to be sold in one off-market swoop. Don't forget many are in hands of directors/managers, longer term holders.

BTC taking a look at better days again.

SWC is wildy undervalued atm. NAV per share 60p (excluding warrants), 44p (assuming ALL warrants are exercised) - and that's at $87k BTC.

Having a go at $90k...if it breaks up, $95k next.

Gut says bottom is in, but anything can happen.

Not really, bearing in mind it's currently at some a huge discount to Nav. Downside already baked in. Ripe to swing when sentiment flips the other way. AS someone mentioned earlier, could easily double from here if BTC hits $100k and looks energetic.

To make a proper shoulder it's going to need to pop up significantly from here, toward $100k. That would equate to a share price 50% up on the current price based purely on mNAV = 1.

Same, insane discount.

When BTC ramps this is going to make another one of those big moves. 20-30%

They give the BTC back and lose the costs. (2% i recall). While that hits the NAV, they don't lose the value difference in BTC should it be lower. They go back to holding 2486 BTC, and the shares issued return, reducing number issued.

Ah typo, meant 40p.

Fully Diluted Shares 390,781,479 x 0.40 = MCAP £153,912,592

NAV £181,167,720

Agree, assuming all warrants issued that currently gives 46p per share at todays Bitcoin price of $90k.

46p = 115% of 40p. ie currently 15% gain on offer.

At $100k BTC NAV/Share = 51p ie. 27.5% gain.

At $110k BTC NAV/Share = 56p ie. 40% gain.

At $120k BTC NAV/Share = 62p ie. 55% gain.

All depends on investor outlook on BTC. If it's positive, then mNAV should be riding above 1. I suspect it'll need BTC over $100k to gain >1 mNAV.

At 45p, current MCAP is £153,912,592 FULLY diluted to include ALL warrants exercisable in late April.

NAV is £180,150,072 This gives an mNAV of 0.85.

Excluding warrants mNAV is 0.69. Bearing in mind a large portion of the warrants are in longer-term hands held by management, am ore relaistic figure of mNav is actually somewhere inbetween.

Eyes on Bitcoin.

Yes, over 15% atm. Once BTC firmly leaves $92k behind, it's going to likely run to retest $100k. That discount to NAV is going to widen fast, hence why no one's selling down here.

4+ months. A large chunk are in 'safe hands'. BTC over 100k and the fundraising resumes. Share buybacks. Price rises. The actual warrants likely to be sold are easily absorbed. But I agree, atm its not guaranteed to be an easy ride. bitcoin needs to play ball.

And yet hear you are, sniffing around 😉

BTC is flapping it's wings. $100k retest surely soon?

Currently over 15% undervalued if you include the assumption that ALL warrants will be sold in late April.

When bitcoin rips, there will be another scramble to get in again.

Raise at a premium, buy back on the market with the funds raised thus increasing share price? Some other investment coming in? Could be anything that might result in future buybacks. Bitcoin flagging nicely, the future's up imo.