Jun 21, 2026 · 1h 32m
Zenith weighs uranium expansion as Astrid tests decentralized AI trading
S11 Ep82: The Sunday Roast featuring Zenith Energy and Astrid Intelligence #ZEN #ASTR #AST #PR1 #SBTX #SPCX
The episode connects resource-company financing and arbitration risk with a live experiment in whether decentralized AI can produce durable trading businesses.
- 1Zenith links oil, solar, nuclear and uranium ambitions while pursuing arbitration and a separate uranium listing.
- 2Astrid presents Bittensor as an intelligence network where trading agents, emissions and performance data could support commercial growth.
- 3The hosts weigh arbitration settlements, SpaceX’s valuation, copper projects and upcoming catalysts against execution and dilution risks.
Don't miss
Astrid’s guests explain how Arena could turn competing AI trading agents, live-money validation and trading fees into a commercial model.
The brief
The hosts move from Andy Burnham’s by-election victory and Middle East tensions to markets, football and the question of how politics reshapes investment themes.
Zenith outlines a strategy spanning oil, solar, nuclear and uranium, while defending its arbitration case and explaining why the uranium business should become a separate listed company.
Mark Kreiser and Siam Kidd describe Astrid’s Bittensor-based platform, where autonomous trading agents compete in Astrid Arena and are judged on more than simple profit and loss.
The Astrid discussion turns on a central tension: decentralized infrastructure promises new AI markets, but governance disputes, token emissions and bot reliability complicate the growth story.
The closing market review tests speculative enthusiasm against execution risk, covering arbitration stocks, SpaceX’s IPO valuation, copper opportunities and catalysts for upcoming resource listings.
What was said on this episode
31 statements · 25 positive · 5 negative · 1 neutral
Burnham becoming prime minister would negatively affect the bond market.
“the bond market, when he, you know, when he gets into power, is not going to like him at all”
Listen at 3:12
A future government would support British-backed energy-storage and green-energy companies.
“a government that's, uh, that's going to support, you know, British-backed British companies in, in, in, you know, energy storage or green energy space”
Listen at 5:33
Israeli bombing targeting Hezbollah inevitably kills civilians who are not Hezbollah.
“when you target people with bombs, you're inevitably going to kill people who are not Hezbollah”
Listen at 9:06
Electricity prices can vary by 100% within a single day.
“the electricity price may vary even during a day of 100%”
Listen at 14:29
Italy’s subsidy provides fixed electricity prices for twenty years.
“this subsidy is that it gives a fixed price for 20 years”
Listen at 15:36
Zenith Energy remains an oil producer.
“we are still an oil producer”
Listen at 18:37
Zenith’s legal team gives its $573 million arbitration claim a strong chance of success.
“give to this arbitration for 573 million the best chance, the best shot to be won”
Listen at 22:48
Small modular reactors are expected to be safer and more environmentally friendly.
“they are supposed to be much safer, more environmentally friendly”
Listen at 25:09
The smallest comparable uranium companies have market capitalizations of $50 million.
“All these companies, the smallest one has a market cap of $50 million, the smallest.”
Listen at 34:03
Revéille’s post-IPO pricing will be above its IPO price.
“It's higher level than the IPO price.”
Listen at 34:39
Bittensor subnet 9 has solved distributed model-training coordination and now needs scaling.
“subnet 9 has, and now it's just a matter of scaling”
Listen at 38:23
Bittensor has not yet achieved its intended decentralization.
“with this goal of decentralization that Bittensor has, it's not there yet”
Listen at 39:47
Bittensor aims to coordinate thousands of independent machine-learning systems into one market-based network.
“if we coordinate thousands of independent machine learning systems into a coherent whole with market mechanisms determining value and blockchain coordinating trust”
Listen at 42:14
Subnet-token holdings could triple over three years under a pessimistic scenario.
“the amount of subnet tokens that you accrue over that period triples. And that's a very pessimistic outcome.”
Listen at 53:37
The average Bittensor subnet price is unlikely to be lower in three years.
“it's highly unlikely that the subnet, the average subnet price, will be lower in 3 years' time than it is now”
Listen at 53:57
Astrid can grow its Alpha and TAO holdings faster through active subnet strategies.
“we can grow our Alpha and Tau holdings much more rapidly than just sitting either in Root or in, in Subnet Alpha”
Listen at 57:51
Siam Kidd is highly optimistic about Astrid and Bittensor’s future.
“I'm insanely bullish on, on our future, as in Astrid's future, Bittensor's future.”
Listen at 58:31
Astrid Arena will earn a percentage of trading fees generated by competing bots.
“we'll get a percentage of the trading fees”
Listen at 1:02:55
Astrid Arena could receive approximately 20% of trading fees through exchange referrals.
“we could expect something like 20% of the trading fee”
Listen at 1:03:19
Astrid Arena could generate more than £100,000 monthly revenue from trading fees.
“I think they'll be north of £100,000 per month in, in revenue there”
Listen at 1:04:18
Astrid’s competitive moat will deepen as its subnet becomes established and larger.
“as you become more established and the numbers get bigger, your moat gets deeper”
Listen at 1:06:12
Astrid plans to launch Arena V4 within months and begin earning trading fees.
“I'd like to get, yeah, V4 out in, in a couple of months so that way we, we start getting a percentage of all the, these trading fees.”
Listen at 1:08:33
Astrid Arena’s leading trading bots are currently returning about 20% monthly.
“these bots are doing 20% a month”
Listen at 1:10:49
Astrid’s baseline bot aims to generate 2–5% monthly returns with reduced volatility.
“have something which is bulletproof that makes, you know, know, 2% a month or, or 5% a month”
Listen at 1:11:47
Investors should take profits while trading arbitration stocks.
“that's how you should play all arbitration stocks”
Listen at 1:13:48
Critical-mineral importance makes states more motivated to attract financial investment.
“critical minerals do matter, and states want to get financial investment”
Listen at 1:14:23
BSF Enterprise’s intellectual property is worth more than its current market capitalization.
“there's so much in that IP that is value which is more than the market cap right now”
Listen at 1:19:04
SpaceX shares will gradually decline over the next two to four months.
“I think it's just going to gradually fall over the next sort of 2, 3, 4 months. It's, it's not going to do particularly well.”
Listen at 1:22:42
SpaceX shares will fall below their IPO price in the near future.
“it will fall below the IPO price in the not too distant future”
Listen at 1:23:10
Resource-company activity will be much busier in the second half of the year.
“we're gonna have a much busier second half of the year”
Listen at 1:27:34
First revenues in Q3 would cause the relevant stock to re-rate upward.
“you're going to see first revenues in Q3 if all goes to plan, and that will re-rate the stock”
Listen at 1:28:45
Statements are attributed to the speaker as said on the episode and reflect their view at the time, not PodLume's. They are not advice.
Featuring
Zenith
Astrid Arena
Elon Reeve Musk
Andy BurnhamListen to the full episode and explore every guest, topic, and moment on PodLume.