Sebastiaan Verborg

Normal is an illusion. What is normal for the spider is chaos for the fly.

[Sebastiaan Verborg @SHJVerborg]

@MasterPandaWu Hammer up here?

[Sebastiaan Verborg @SHJVerborg]

@MasterPandaWu Nice one 👍

[Sebastiaan Verborg @SHJVerborg]

@Alpha_Ex_LLC Where to from here though..?

How can we ascertain whether this move reflexively perpetuates, or stops in its tracks.

[Sebastiaan Verborg @SHJVerborg]

@stockdatamarket Prescient.. 👍

[Sebastiaan Verborg @SHJVerborg]

@BetterIRR Long all three 👍

[Sebastiaan Verborg @SHJVerborg]

@bankeronwheels I bought it before the Feb 22 invasion of Russia. It got zero'd soon after.

[Sebastiaan Verborg @SHJVerborg]

@toiletkingcap @citrini Federico Faggin is working on a proof for this. Would be quite something!

[Sebastiaan Verborg @SHJVerborg]

@citrini Whether consciousness or matter is fundamental.

[Sebastiaan Verborg @SHJVerborg]

@tomowenmorgan I just ordered Michael Pollan's new book :)

[Sebastiaan Verborg @SHJVerborg]

@danieljwant Great read.

[Sebastiaan Verborg @SHJVerborg]

@LynAldenContact Do you not think it's a bit disheartening? I can imagine it feels nice to get the 'call' right, but it feels like the wrong direction for society / the system as a whole. Any thoughts on that?

[Sebastiaan Verborg @SHJVerborg]

@simon_ree Love this analogy! Thnx for sharing.

I'd maybe add the 'real economy' being the winds on the ocean (influencing the power/height of the swell).

Number of people in jobs (demographics + econ strength) = contributions to 401k's etc, creating a persistent passive bid.

[Sebastiaan Verborg @SHJVerborg]

Private credit adjacent

[*Walter Bloomberg @DeItaone]

SHORT SELLER BETS AGAINST U.S. LIFE INSURERS SURGE IN PAST YEAR, TOTAL VALUE OF SHORT BETS NOW AT OVER $5.3 BLN, ORTEX DATA SHOWS

SHORT BETS AGAINST INSURANCE FIRMS ACROSS THE GLOBE ROSE OVER 60% IN LAST YEAR TO OVER $31 BLN, S&P GLOBAL DATA SHOWS

[Sebastiaan Verborg @SHJVerborg]

Morally (already) bankrupt.

https://t.co/C6eQxGXPRA

[Sebastiaan Verborg @SHJVerborg]

@yu2154679 「ポール ― 次の四半期 ― マン」

[Sebastiaan Verborg @SHJVerborg]

@moneyofminepod Wow Rick looks young in this pic

[Sebastiaan Verborg @SHJVerborg]

@izakaminska Agree on the potential Warshian twist. Given AI deflationary impact (as well as private credit cycle dynamics) might it be reasonable bonds get a day in the sun?

[Sebastiaan Verborg @SHJVerborg]

Replay is posted here: https://t.co/0Vbc7LVP1M

[Sebastiaan Verborg @SHJVerborg]

$LODE That was a great earnings call. Congrats to the team!

We got:
- SSOF issues cleared up, LODE's ownership to mid 30%, with potential to 50%+. No more conflict of interest. Land valued at ±$275m, if they get more than 6$/sqft (not unprecedented, see below), it's higher.
- Secured access to power equivalent to 250-300 MW. This is the last hurdle in order to unlock the high value monetisation for SSOF's land.
- Mining assets - unequivocally stated to be divested - ideally in Q2. $50-60m
- Green Li-Ion, projected to sell down at its IPO (ASX) this year (26H2). ±$20m

Totaling $350m in divestment in '26 -> LODE mcap currently ±$200m.

Further:
- Strong progress on metal recycling; facility 1 commissioning & commercial production on track. Facility 2 location pinpointed & first permits filed. Only facility 1 will have the capex outlay for high-value refining of the tailings.
- The one thing missing for me was additional concrete MSA's, but CDG seemed confident about the extensive pipeline.
- LODE's board strengthened, resulting in better governance & alignment with shareholders.
- Bioleum, no big updates, but seems to be chugging along fine. Kreisler (financier) looks to be out since this month according to Linkedin.

2026 is shaping up to be massive for $LODE.