Gordon Stein, CFO of CleanTech Lithium, explains why CTL acquired the 23 Laguna Verde licenses. Watch the video here.
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https://finance.yahoo.com/news/were-keeping-eye-riot-blockchains-123057145.html
How Risky Is Riot Blockchain's Cash Burn Situation?
We must admit that we don't think Riot Blockchain is in a very strong position, when it comes to its cash burn. Although we can understand if some shareholders find its falling revenue acceptable, we can't ignore the fact that we consider its cash runway to be downright troublesome. After looking at that range of measures, we think shareholders should be extremely attentive to how the company is using its cash, as the cash burn makes us uncomfortable. On another note, Riot Blockchain has 5 warning signs (and 3 which are concerning) we think you should know about.
Riot price /sales = 10, Marathon price / sales = 13, Argo prices / sales = 1
Im invested here but keep reading about RIOT. I've done a bit of research its peaked my interest. Interest to get peoples view on RIOT? I do find it a bit off they used to be a biotech company... Could anyone tell me why there is a company called RIOT blockchain 0KX0 listed on the LSE?
The interesting thing about plan b model is he believes there is a correlation not only between btc and gold/silver but also between btc and sp500. He has mentioned the money printing AKA brrrrrr by the fed will result in higher stocks and if I remember correctly he says a 4000 sp500 will be equivalent to a 400k+ btc.
Regarding Argo, Peter really needs to buy a greater number of shares, his recent purchase does not give him a big enough skin in the game to elicit confidence from other investors. I would like to see the BOD holding 10% + stock, reinvest proceeds into more machinery, not pay out a dividend and HODL as many bitcoin as they can. Forget the miners, the real asset will be the btc the company holds in 2 years.
This is the time for intense reinvestment as if we do, I believe it will really pay off in 2 years. This is a potential fast growth stock and not one to expect a dividend from. I really believe in thinking big in life and that’s why I am expecting this to run when the time is right.
S2F $288k. Yeah that would pretty much see me made for life. Have a good one.
I have started reading Plan B’s Btc model , don’t 100% believe it and don’t 100% understand it , but even if he is 50% right my kids are sorted and that’s all I care about ..
Have a good weekend .
Stay stay
Yes he comes across as a very decent chap. Let him know that I would totally forgive him if he turned into Max Kaiser Mark II and was wrong. I would much rather that than this. And he might not even be wrong. The bull case might actually be right!
A friend of mine refers to him as a reluctant CEO , technically no question marks over his abilities but showman wise still learning .. I have witnessed him develop over the last two/three months and I think we will see a massive change in next 6 months .. peter is a very nice guy , he cares , he listens and takes a lot of time out of his day to answer our emails .. for an investment like this one , I would prefer a tech guy running it , but I do have every confidence he will be more bullish as btc raises .. medium term he uses the words ‘wildly opportunistic’ short term a little more cautious .
I just wish he would give this impression to the market. The last few times I have seen him on Proactive investors he got some basic halving stats wrong (he stumbled over 12.5 and 6.25 IIRC) and then sold the company as a good proxy. If he is several steps ahead of us he should be more bullish when communicating with the market. I understand he may want to undersell and overdeliver but the market is currently interpreting this as weakness and it could be directly contributing to underdelivery. Sell it hard and make it deliver.
Peter is a technically very strong and without any disrespect to anyone on this forum , he is already a few steps ahead of us .. the group who did the call with him , know this business inside and out and he fired back detailed answers to everything we asked .. 8 weeks ago we asked about him buying shares , 7 weeks later he did it .
The recent z11 purchase, awesome investment , read fatcatz posts on this , he knows his stuff . Timed perfectly with Zcash increase .. I think we have over 3% of the zcash network now ..
I love researching stuff and reading about btc , but I am simply going to enjoy the ride. Like I said earlier my kids are invested here ,and they have time on my side .
Stay safe
I'm glad this is something they are looking at.
I agree with you about BITF, HIVE and HUT8 - all completely uninvestable.
Dividends are a crazy idea, IMHO. Maybe, if BTC is well above $100k and the BOD can't find any good blockchain investments. Maybe then.
A group of us, have asked the BOD the very same question and Peter's reply was very good, aside from the costs. If you look at the companies on the exchange, their debt to equity stats will these businesses be operating in 6 months time ( i am big fan of Riot, so lets exclude them), bitfarms accountants have issued a warning, hive and hut 8 operating expenses are going up, his answer was do we want to be associated with this. One of the group asked about a listing in Japan, which i believe is a good option based on my research to date, and the BOD confirmed they are preforming cost benefit analysis on all preferred listings.
I have a lot of confidence in the BOD and to be fair have no reason to doubt them. James is watching every penny and cutting costs, he made it very clear in the RNS's and the call i took part in.
Investors on this board discuss a dividends, we cant pay a dividends, we have historic losses, at earliest a dividends will be late 2021. Investors on this board , blame Peter for the share drop, investors leave, this has been demonstrated on this board, people claiming to be long term investors, sell on a 8% raise. ARGO need new big investors, we all want this, but it will take time, we are a new company with a new BOD, the big boy investors might want to see some stability.
I could go on and on , but the simple fact is the ARGO team are churning out great results each month, the 27% margin was incredible, but our competitors wont release their figures for another 4/5 months, so some investors will forget , how good we are.
same ;-(
I've not seen costs that high. On the few sites I skimmed it appeared more like $50k a year for a micro company. Would you happen to have a link for the $1m listing fee?
A week or so ago i suggested that one of the BOD take a look at listing fees with a view to presenting us with various options. I'm unsure where they are at with this. $1m would be too much at this stage and I agree that i would rather spend that amount on machines. I would appreciate it if you could ask the BOD to formally present this information to us as it is one of the two obstacles in our path IMHO.
Brtrader at 17.38 - fantastic post.
I have learnt this, the hard way, my emotions take over and i sell when % drops , go buy somewhere else with no research and lose more.
I see ARGO as a min 18 months investment, i think Peter Wall has done a great job, his only weakness is the SP, but if the business fundamentals are strong , the SP will correct. Look at our competitors accounts not the SP , the accounts, our overheads are like petty cash compared to theirs
HI Billfunk1 - i thought the same, but the dual listing everyone is mentioning costs $1 million dollars with a running cost of $200k a year and from my research this probably wont happen til November, due to the covid backlog. So whats the risk, say for whatever reason the dual listing doesnt generate the fireworks we would have hoped and the $1.2 million has been wasted.
I have looked the volume of shares brought in ARB, when BTC goes over $10k, unfortunately when this happened in the past our friends Milton and Mr Chang were offloading . It BTC went to $10k by Monday morning , this share would easily be up 50% in a day, based on the previous volumes, then when btc is over $10k for a prolonged period and traders are selling their Covid stocks, we would rocket.
So in conclusion, i would rather Peter spend $1.2 million on rigs now
I think the Yanks would also really like this company. Far more than many Brits appear to.
It’s in my kids pensions and isa ..
Just my isa and stock account for me ..
I really like this company , plenty of news to come from them I’m sure of it .
Wmsjames - for your pension presumably? Otherwise you would just buy the underlying asset and get 10 bags.
In which case we had better hope BTCE doesn't come to these shores or we will get wiped out here!
Bull funk - I would very happy with a 7bag..
Yes Brtrader, that's why I'm still here. But based on the present price action what I fear is that I come back in a few years when BTC has 10 bagged, Riot has 15 bagged, yet Argo has only 7 bagged.
They need to address this now so that in a few years I am getting the correct return. I don't think that will happen in a market where most investors think bitcoin are tulips and any mined should be immediately turned back into fiat via dividends. Could you imagine the outrage if Riot said they were converting BTC back into fiat so as to pay dividends and undermine growth? Yet it's something I have seen suggested a few times on this very board and a sad reflection of the London market and representative of why we are going nowhere here.
I understand the frustration of several shareholders and the opinion that listing abroad will provide a bigger move in the share price. My feeling is when the inevitable bull run kicks in, there will be a big enough demand from UK investors to move the stock in a similar manner to what we expect eg with RIOT ( I’m also invested via my isa in this stock). I bought at 4.5 so not too concerned but appreciate those who are underwater from much higher up. I find staying with a stock if you believe in the fundamentals works out in the long term and when I have chopped and changed stocks, the net result has been losses. For those who can, I like the coffee jar analogy I read in the 100 baggers book.... just leave the stock alone and come back to it in 1-2 years. A quote by Jesse Livermore comes to mind... Money is made by sitting, not trading.” “It never was my thinking that made the big money for me. It always was my sitting.” “Men who can both be right and sit tight are uncommon.