Fortune favours the brave
So BGL have spent an enormous amount of time and energy trying to get listed. Checking their prospectus they were looking for $20m to buy miners to start hashing. ASX assessed their projections on the increase in value of BTC as unrealistically optimistic and squashed it. Looks like ASX were wrong.
Anyway BGL just got listed for a helluva lot cheaper, especially considering how much those bitcoins they are offering actually cost them, they'd be lolling now. OK so it's just 40% but that's only 11% short of controlling the company. Looks like an RTO to me.
So we're back in the mining business #,#,#,#,#,#,#...
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