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Kevin Bambrough Profile picture
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4 Dec, 4 tweets, 2 min read
Crypto Mystery: Where’s the $69 Billion Backing the Stablecoin Tether? - Bloomberg bloomberg.com/news/features/…
Amazing.. when tether blows up it’s gonna make a fantastic movie Image
Fantastic characters…lol. #cryptocrash ImageImage
I’ve never bothered to look this deeply into crypto… I’m completely blown away at its foundation. It’s even worse than I imagined. It’s gonna be a shocking blow up…could be extreme volatility ahead. So much imaginary wealth destruction could really get out of hand

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Kevin Bambrough Profile picture
6 Dec
#cryptocrash few understand this muellerberndt.medium.com/is-tether-a-bl…
Lots of attackers got their knives out…cause I’m talking about how pure shit crypto is. Some call me ‘boomer’. Well I’m Gen X kids…and I’m a butcher Image
Here it is… fucking Ponzi. As I suspected Tether issues their coins exchange for ‘Comercial paper’. The entire thing is one giant ponzi / confidence game Image
Read 17 tweets
Kevin Bambrough Profile picture
4 Dec
Mind blowing…

@ttmygh

I’m left wondering if part of this ponzi might be that Tether could ‘buy’ commercial paper from an company and simultaneously ‘sell’ then the same amount in Tether’s ‘sable coin’. This could explain the $1bln issuance jumps. License to print money.
I’m now sucked down into the crypto hole… more certain than ever this things gonna blow up huge. Blockchain is real. And I’m all for stablecoins. Especially interested in commodity backed coins. But it regulations are the key.
I looked into trying to make a #uranium coin. But it’s frankly illegal to do this. I could easily made a new ‘Uranium Coin’ U308 Coin. Create a company like Tether. Issue ‘1 lb coins’ = 1lb of uranium. Store the uranium in a legal storage facility. It would be 100% backed.
Read 5 tweets
Kevin Bambrough Profile picture
4 Dec
Tether Fails to Dispel Mystery on Stablecoin’s Crucial Reserves bloomberg.com/news/articles/…
I’ve always had a problem understanding crypto because when I ‘divide by 0’ my brain issues a ‘sys fault’ error.

But, I was skimming the #cryptocrash trend and came across the article above and I want to make sure I understand this?!
This is a hell of a statement… #cryptocrash

Are we actually witnessing a classic ‘run on the bank’ at the core of the crypto world? Image
Read 6 tweets
Kevin Bambrough Profile picture
3 Dec
I think a big part of this #uranium pull back is a result of unrealistic expectations in some mining equities. I believe that there is and will continue to be rebalancing as the market starts factoring in permitting risk. I also think $cco $ccj was not understood by many
I know speaking to friends and some fund managers that they were taken by surprise of late and were planning to reposition. Some did right away. Others felt them missed the opportunity or have more illiquid positions that are harder to move.
I think the ‘lift all boats’ and positive feed back loop with the uranium ETF’s has been playing out in reverse. Money exiting uranium ETF’s overwhelming the space. ‘Sinking all boats’. I’ve been chipping away at some of the names I feel are being thrown out unjustly
Read 6 tweets
Kevin Bambrough Profile picture
3 Dec
Despite my extreme disappointment with $tvc.v and having taken my tax losses.. I’ve bought a bunch of shares as a trade.. perhaps I’m a sucker for punishment but they just closed $18+mln financing a few days ago @ 32c. Yes there’s a lot of warrants out at 45c.
At 20-22c where I’ve been buying it’s 50% to just get back to the financing at 32c and even with the cap on the shares due to warrants at 45c it’s can double and be under that.

Copper is compelling. I’d have to think that this last financing will get them over the hump
They are a month or two away from announcing that they are commencing production at the new underground development which they’ve spent multiples of the market cap to develop. Anyhow, just thought I’d mention it cause I still get lots of DM’s about this company…
Read 4 tweets
Kevin Bambrough Profile picture
28 Nov
@denhaagtrader A project like this would consume 4.8mln lbs per year of #uranium. When commissioning the utility would want to have around 25mln lbs of uranium purchased and working its way through the fuel cycle.

After these projects get funded they will seek long term uranium contracts
@denhaagtrader Given all the announcements of plans for new reactors, I can say with complete confidence that there is not enough mine supply in the pipeline currently to allow even 2/3’s of the reactor fleet to contract for a 10 year supply agreement.
@denhaagtrader That is why the #uranium price will soon explode higher. Utilities will all be scrambling to secure 10 year supply agreements and 1/3 or more of them will not be able to get their desired coverage. This will be the ‘holy shit’ realization moment for the industry
Read 10 tweets

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