Member Info for Triggerboy

I was very close to cutting my losses yesterday and using cash to top up elsewhere due to the lack of news flow. I think if they can get here act together they can very quickly monetise these platforms but it will have to be at pace before they run out of cash or get too bogged down in legacy issues.

Looks like $3m spare from what was originally planned for Q4 ? What we think going to let it sit on the balance sheet or maybe a share buy back ? Could take shares in issue down by nearly 10% which would help keep any predators away a little longer

Just a thought but maybe someone or the BOD are happy for this SP to keep dropping before they announce anything significant ? Just think if you’d announced a large contract a few months ago it would have cost a significant amount more to take a large stake. However, I won’t be adding anymore as too risky given the lack of news...

Interesting to see if the SP jumps with the news as effectively it’s an increase in earnings announcement of nearly 7% ??? Might give us an idea of reaction when we have all 12000 machines online and producing

Price held steady over night, just checked $9651, so do we see 20% jump in SP on open this morning ???

Good article and confirms what a lot of us believes, let just hope it's not too enticing for a takeover attempt.

Tried to top up this morning (for over an hour, multiple times) when SP was down 5% and couldn’t buy a single share....as soon as price goes up can place an order. I think this is definitely being manipulated when the price drops. Think us LTH all know potential for this one and I’m not going to sell a single unit just keep adding as funds become available.

BTC just dropped to just above $7400 over night, so suspect another drop on open. Agree a lot of less efficient miners will be switching off right now and we know we still make a significant margin at this level. Always thought it would be a bumpy ride with this one but roll on to the first update in Jan when all the new machines are fitted and producing.

Somethings not right been checking on price and maximum it will let you buy on HL platform is £1k ? Thought it might be a blip but tried several times over the last half hour

Just looked at a top up and got quoted 6.7 so still going down....not sure news is driving this price. Totally agree something else is driving the price

just tried a dummy trade on HL platform and the ask price was 7.05 ? think we may see sub 7p today....think I'll hold off on my top up.

It’s been discussed before that we are all concerned that non of the directors have any holdings, maybe they are happy for the SP to drift lower to allow them to take a position for no money ? And let’s face it would you announce the million pound contract if you thought the SP would shoot up before you’d took a position??? Might be completely wrong and the whole thing will collapse, but it’s a gamble and you just need to take your own stance.

However, building on my last post the current strategy is working so why don’t we continue buying more kit with the profit made each quarter ? Read somewhere the key to disruptive new business is to think big, start small, but scale fast !

I agree as well however not totally, I think at the current SP the company could be vulnerable to some interest and as such we wouldn’t get the true value. A share buyback (with maybe 1 or 2 months) profit could nudge the price up and then if someone did come along they would have to offer a premium to the new higher price. I’m not sure dividends would have the same effect in the short term. It’s worth remembering (what ever your view on actual level) next years profit will be higher than the current market cap ?

Idoit....I agree with you, I’d be very unhappy to sell that low. I think we need to see a full quarter with the full 12k machines producing for a significant jump up. I’d hope the SP would be around 20p mark at end of Q1.

Idoit....I just wonder if we will see another order for kit in Q4 to be delivered in first half to keep momentum going, clearly we will have the money to pay for it ?

Quite surprised to look in this morning and see the drop ? Speculation yesterday that they were taking a big stake in Rathlin and no surprise they would need to find it, the difference being they would have an asset at the end of it. This doesn’t feel like dilution to me and if I had the spare cash would be buying massively.

I’m amazed anyone is buying on the size of the spread ?

Big move up on BTC tonight so let's see if SP moves up in the morning ?

A market cap of £100m ? There's confident and hope your right but I think 1p is a big ask unless thinks start flying