Member Info for Twohits

Tres drole. Tell me again what is the bitcoin strategy and how is it funded?

Who the hell mentioned warrants?

Jesus wept.

PPS love you too xxx

PS how did the sp respond to the news? The mkt is only just working it out.

Keep working on calculating percentages mate. See you at 2p, albeit high chance it may flit higher on gamblers and chancers like yourself. Saw somebody quite COIN as a comp earlier, that ended well…

PS, you sound like the guys at MET1 who thought warrants at 2p was good for the sp when it in the 20s. Efficient markets take a while to normalise when the agents participating aren’t rational.

Tell me james where did you stay in dubai? I live here, talk me through the interior, I’ve probably been there.

Argh, ok, good luck to you. Let me just leave you with this. If a firm’s market cap is £10m, has 100m shares outstanding and you own 10m shares, does the value of your shares go up or down if the number of shares increases to 200m, but you still own 10m?

Think I’ve seen enough of the level of sophistication of investors here to put the final nail in my investment coffin.

I would expect not and ultimately it is moot.

Last response to you. Sorry, I feel like i need to get the crayons out, but you don’t understand the concept of percentages do you. 100m shares as a percentage of 1.5bn shares is different to 100m of 2bn shares. The share price was 5.6c, they got their shares at 3.5c. Do the maths yourself. You seem like a nice enough bloke but this is remedial stuff.

Mate, honestly if you can’t work it out, I’m not sure I can help you. You’re better off blocking me.

If only, for your sake “unknown,”, you did adjust them, rather than being locked, loaded and blinkered…

If you hadn’t filtered me, you’d see the validity of my points.

They issued 25% of their share capital to fund the acquisition. The purchase price (pre-dilution was about $3-4m of FAU shares which are now worth a lot less pro rata. DYOR, look between the lines.

Mate you didn’t even know the percentage of FAU you were getting, you don’t even now. You have no idea what the bitcoin strategy is and have no idea how it will be funded. I’ve tried my best, good luck to you.

Look at the FAU website, look under the bonnet, you might save yourself a few quid.

First Au Limited (FAU) successfully completed a two-tranche placement, raising a total of $1.56 million. Tranche One, involving 4,298,000 new shares at $0.0035 per share, was completed on June 26, 2025. Tranche Two, consisting of 440,193,430 shares, was subject to shareholder approval, which was received on July 30, 2025. The funds will be used to acquire the Nimba Gold Project and for ongoing drilling activities.

Details of the placement:

Tranche One: 4,298,000 new FAU shares issued at $0.0035 per share.

Tranche Two: 440,193,430 new FAU shares issued at $0.0035 per share.

Total funds raised: $1.56 million

Ah right, this is the article that shows how Hama gave away their mine in a proxy placing that dilutes HAMA’s current and future holding in FAU by 40% - ceteris paribus - at a further 40% discount to mkt rate? Right on man. It’s ok, you have the BTC strategy and funding, so the gold is secondary.

Oh wait…

Investing in this is financial hamakiri…

Mate give it up you’re probs about £15 a point on IGindex