How much more insane it can go?
I think we are reading it wrong. IOT directors do not want to crypto-mine. They want to make money from dealing with power!
They want to buy power directly from a power station and sell it at profit to lunatics which will place a crypto mining computers at the plot near the power station. The Red Bank power station burns a coal sludge/waste in fluidised bed burners and it was shut down because it was not economical. So suddenly it supposed to be great for crypto-mining?
No doubt IOT is counting on some dubious development grants to again develop nothing.
How much more will ASX tolerate?
IOT Price at posting:
0.6¢ Sentiment: Sell Disclosure: Not Held
