Pires Investments Share Discussion Threads

[pennyfalls] 21/3/2021 23:50

Chris Akers 40p target price for PIRI in next few months.
On Twitter.

[dennisbergkamp] 21/3/2021 11:48

haha - thought the same outspan, when I heard that line in the docu.

D

[outspan] 21/3/2021 00:22

Synopsis from a programme on Pluto (the planet) BBC2 late Thurs night:

"How Pluto has gone from an unremarkable ball of ice to a world of unimaginable complexity". Seems very apt somehow!

[outspan] 20/3/2021 20:48

Yes, I bought the value I perceived in RGO at the time, now it's a straighter contest and I've plumped for the more direct and focused connection to the future tech and crypto. It is indeed about comparing market cap rather than share price dennis and RGO's was even higher at the time of my exit/switch decision and, as you suggest Bapodra, it's all about decisions and so right or wrong is all part of the game.

In any case my choices of value, sector of investment, simplicity and focus compared to RGO @ 2.2/2.3p were not limited to PIRI alone so the eventual right or wrong judgement will have a wider basis.

[dennisbergkamp] 20/3/2021 16:43

Also, look at RGOs' mkt cap to Pires and the level of interesting investment options Piri has which seem more exciting...

RGO's price looks attractive, but bringing market cap, I think Pires wins.

RGO (2.1p/14M)
Pires (16p / 23M)

Although I have both ;-)
D

[outspan] 20/3/2021 14:37

Yes, I was an RGOer on the basis that it represented the best value for entry into some of this disruptive tech/crypto space but that was nearly 3 months ago when I bought in heavily around 1p.

However, changing situations change fundamentals and decisions, so sold out completely at and around the yesterday morning peak of 2.3p because, for me in that sudden situation, I perceived better value existed in my other main holding but also by switching some of the proceeds over here on the basis that I fancy PIRI might have mostly done it's consolidating but @ 2.3p, RGO had temporarily overshot.

In any case, for me, PIRI presents as the more directly connected, uncomplicated play in the wider future tech/crypto space that I nevertheless wanted to retain a good stake in. I'd also become uncomfortable with the high level of confusion over the difference between RGO plc (the listed company) and RGO PCC (a sister but offshore Gibraltar company) where the actions of the latter were being positively, but incorrectly, attributed to the former which I think may have contributed to RGO's recent surge and overshoot, in my own perception anyway. Each to their own, eh?

[outspan] 20/3/2021 01:45

So far under the radar, you would think the absolutely cracking stake in Pluto and the cost of it was little more than a pipe dream.

The equation over the three Pluto funding rounds looks something like this:

£100k cash plus PIRI's DeTech assets and YOP tokens that had cost just US$200k (£144k) 2-3 months ago; grand total £244k

has acquired

32,518,876 shares in Pluto worth £1.95m (@6p, the share price of the last funding round) PLUS 24,000,000 warrants @ 6p, 6m vesting immediately and 18m within 2 years from the date of Pluto's listing, subject to YOP performance.

Already a phenomenal paper gain on PIRI's initial cash stake, if Pluto lives up to its promise on launch and YOP continues to thrive, this looks like the deal of the century!

[master rsi] 19/3/2021 16:17

15.50 v 16p only 1 left at offer now was 3 at one time

Buying at the end of the day
19-Mar-21 16:11:15 15.9833 31,207
19-Mar-21 16:02:45 15.90 12,528
19-Mar-21 15:58:29 15.85 31,545

[rayj1] 18/3/2021 22:26

Are you in some strong weed boy ? 30p?

[pass the dutchy] 18/3/2021 19:18

ANA will be the UK’s leading cannabis producer (200 TONS per year that’s worth £400m)


Share price 1.45p
Only £8m mkt cap


Fastest growing sector worldwide
Will have first mover advantage in UK
Same growers as GW Pharma (just got sold for £5b)
4 biggest shareholders hold over 50%
BOD own 30%
Massively undervalued
Near term multi bagger on license approval
Partners with leading prof , scientists etc
Primed for a RTO/ main listing (price driver)
Under the radar (most chased MXC,CBX)
Looking to bring a product to market
Off take agreement in place already
Will be producing 200 TONS per year (200,000 kilos)
Has the most land out of every UK cannabis co (40 hectares)
Fully funded for phase 1
UK medical cannabis growing 20% month
Only 584m shares in issue
Hardly any available in open market
Will apply for a commercial license too

[driver101] 18/3/2021 11:30

Pluto

Well on our Journey with Fresh OXYgen to Fuel the Pluto Rocket

[driver101] 17/3/2021 23:54

Pires (PIRI) and Argo Blockchain (ARB): Both Buying Into Pluto Digital Assets

[sloppyjoe2] 17/3/2021 21:28

Axonic- ludicrous, just baseless ramping. I doubt even the Pluto IPO will drive us that high in the short-term...

[pinkpudycat] 17/3/2021 21:04

axonic, I very much doubt we will see an share price around that level in the near term, what would drive us to that level of market cap?

[axonic] 17/3/2021 20:25

Any of you thinking of a 30-35p target in the next few weeks?

[festario] 17/3/2021 18:20

Looks like we have a steady stream of warrants being converted, another 3.2m announced today, which will keep a lid on the share price for the foreseeable.Having said that, it does put some more funds in to the company coffers.

[axonic] 16/3/2021 20:25

IPO due in May...
hxxps://www.share-talk.com/pires-piri-and-argo-blockchain-arb-both-buying-into-pluto-digital-assets/#gs.vt5kkv