Gordon Stein, CFO of CleanTech Lithium, explains why CTL acquired the 23 Laguna Verde licenses. Watch the video here.
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Hi JTF thanks for your reply. Personally I don’t think crypto will become mainstream but I do believe in it as an asset class and store of value and should be included as part of a diversified portfolio like gold.
If you’re interested in the accounting metrics and in particular with how the accountancy world it wrestling with how to value crypto then there is a good technical article from ACCa here.
https://www.accaglobal.com/gb/en/student/exam-support-resources/professional-exams-study-resources/strategic-business-reporting/technical-articles/cryptocurrencies.html
“PBOC Says Bitcoin is Crypto Asset and an Alternative in Investment. The People's Bank in China (PBOC) now regarded the said cryptocurrency as a true asset. PBOC's deputy governor, Li Bo shared that they are "investment alternatives" during a panel interview with CNBC at the Boa Forum for Asia.” 19 Apr 2021
Asset rather than currency. There’s some folk who suggest a rebrand from cryptocurrency to crypto asset.
China have recognised BTC as a digital asset/investment - a store of wealth tho.
Joker, China started banning bitcoin in 2013, doesn't seem to have had much effect.
"Financial institutions are not allowed to facilitate bitcoin transactions.[13] Regulation prohibits financial firms holding or trading cryptocurrencies.[8]:China On 5 December 2013, People's Bank of China (PBOC) made its first step in regulating bitcoin by prohibiting financial institutions from handling bitcoin transactions.[90]
On 1 April 2014 PBOC ordered commercial banks and payment companies to close bitcoin trading accounts in two weeks.[91]
Cryptocurrency exchanges or trading platforms were effectively banned by regulation in September 2017 with 173 platforms closed down by July 2018.[92]
In early 2018 the People's Bank of China announced the State Administration of Foreign Exchange led by Pan Gongsheng would crack down on bitcoin mining.[93][94] Many bitcoin mining operations in China had stopped operating by January 2018.[92]"
But it is only now that is is attaining recognition and adoption within the global market economy, over time this is more likely to increase rather than be banned from use and it is far more flexible compared to gold in that it can be used as a genuine form of payment.
How many people use physical gold to make purchases??
Joker
It could do, as anything is possible, but in what scenario do you consider it being worthless?? genuine question
Does anyone on the planet ever consider that Gold would be worthless??
We assign intrinsic value to all material elements in our lives, getting your head around a digital asset is certainly away from the normal thinking but it is never the less a finite commodity of appreciating value as a result of its genius format.
The fact you can't physically hold it in your hand doesn't mean it can't be assigned value.
'Moment of clarity' - completely agree Just_the_facts. And as Raoul Pal says once we get to that point 'everything else is irrelevant'.
Part of me wants to fast forward 12 months to see if what we are predicting does indeed play out but I know we should enjoy it as well. I have a feeling we will look back on these times in a decade and think "god there were some crazy ups and downs but what an amazing time it was".
Good sunday
RC
Morning RC and thanks.
I think there are a lot of relative new and genuine investors who are understandably nervous given recent declines but don't yet seem to recognise the true long term potential here when you look over the general comments.
Once you get your head around it, it's like a moment of clarity :).............Was for me anyway.
Have a great day mate.
ATB
Post of the day for me so far Just_the_facts
ATB
RC
Hi WolfofWarks
'However ARB will always be underpinned by whatever is happening the particular market value is of crypto at the time so fundamentals don’t hold as much weight. Like commodities the value of the company is always going to be reliant on the crypto valuation at any given time.'
I find valuing ARB is far simpler than most other stocks because the BoD provide so much regular updates on performance, so i fashioned a really handy spreadsheet that i can input all relevant information in and it spits me out a share price, I use the same for projections based on future potential BTC values, HODL and PE ratio. I also believe that BTC is greater than any other commodity available and that its appreciating value short term and long term will far outstrip anything outside of crypto.
the 'weight' this holds for ARB will be in value of HODL, for example, mining work carried out in November 2020 resulted in 115 BTC at an average value at that time of $17,500 and created a monthly profit of £850,000. jump forward to today and that work from November has produced an additional $3.7m profit potential based on BTC at $50k.
As time progresses, each months profits potentially compound into more, if like me, you believe that BTC/crypto will remain as an appreciating asset over time then this journey only gets better.
Plus we will have all of what Texas 200Mw has to offer and whatever route PW has in store for that, but regardless i feel it will be substantially profitable and diversified.
No, irrelevant!
I’m no chartist but it’s looking bearish to me and there’s a lot of headwinds about at the moment.
7p looks like the bottom for CBX
Wolf, I will give that a look. And I’ll let you know what I think after some research.
Oh Poor - also I’m waiting for an entry into CBX which PW is involved in. Last time I checked in it was due to start trading in autumn so I’ll probably go in mid to late summer.
Hi poor yep I’ve traded it three times so far. On the big dip I’ve managed to get my entry point back down to 165p.
Definitely agree with holding long term though, my two platforms doing let you buy though.
I’m in the process of setting up with HL at the minute.
Hi Wolf, what a wonderful share this is. I bought this and trader a few times made some good profit, however, the more I researched ARB the more I realised I need to have this as a long term hold. I also just bought QBT, give it a look.
‘You still are missing the point that Argo are not all about BTC’
Everup - you’re being over sensitive here. I’ve used ‘crypto’ at every turn rather than BTC. I’m not deramping just engaging JTF on his very good post.
Ive listened to and read all of the output from PW and have never intimated than crypto isn’t going anyway. So not too sure what you’re acting all hurt about?
I don’t know why they bother, it’s not like I’m not going to wake up Monday morning and think I need to sell my Argo shares, all based on the nonsense de-rampers state. Utterly futile exercise by them!
Well said everup
You still are missing the point that Argo are not all about BTC. Have you watched/listen to any of Peter’s interviews regarding mining and diversification, probably not as I don’t think you’re an investor of Argo!
Like I said Crypto is not going anywhere and will go mainstream - doubting Thomas will miss out.
Aye but those assets are not investment assets. They’re supporting the core function of mining crypto, so I don’t see them as a proper diversification as they are still within the crypto sphere.
I guess the main point I was making is that if bitcoin ends up a binary play and we are 0 instead of 1 it won’t matter how good the prior financial statements are/were.
*this
That could be said of any business. However, Argo have, and are, purchasing hard assets, along with investments in other platforms. The word diversification is key here and you can not possibly know how this will pan out. As I said, thus is more than just about mining per se.
NB Cryptocurrency is here to stay - mainstream in due course.
Sorry that second part doesn’t make much sense reading back but I’m sure you get the gist :)