focusIR May 2024 Investor Webinar: Blue Whale, Kavango, Taseko Mines & CQS Natural Resources. Catch up with the webinar here.
London South East prides itself on its community spirit, and in order to keep the chat section problem free, we ask all members to follow these simple rules. In these rules, we refer to ourselves as "we", "us", "our". The user of the website is referred to as "you" and "your".
By posting on our share chat boards you are agreeing to the following:
The IP address of all posts is recorded to aid in enforcing these conditions. As a user you agree to any information you have entered being stored in a database. You agree that we have the right to remove, edit, move or close any topic or board at any time should we see fit. You agree that we have the right to remove any post without notice. You agree that we have the right to suspend your account without notice.
Please note some users may not behave properly and may post content that is misleading, untrue or offensive.
It is not possible for us to fully monitor all content all of the time but where we have actually received notice of any content that is potentially misleading, untrue, offensive, unlawful, infringes third party rights or is potentially in breach of these terms and conditions, then we will review such content, decide whether to remove it from this website and act accordingly.
Premium Members are members that have a premium subscription with London South East. You can subscribe here.
London South East does not endorse such members, and posts should not be construed as advice and represent the opinions of the authors, not those of London South East Ltd, or its affiliates.
All for a bit of 2020/2021 nostalgia, back then you could buy any old sh*t and price went up. Just need the decent miners to join the party and act like it's 2021 again. I think it's coming, but fair warning on that point I might also be terribly mistaken.
They ramping back to previous highs ...remember the shorters crying on bloomberg
@Chaebol - me too. Ive got my half and half scarf and hopefully the whole stadium will be doing the Poznan at full time )
Agree the markets are crazy, you can research the life out of a stock then one tweet makes something worthless double. I went big on AMC yesterday buying in stages and sold in stages today having barely slept! I feel very lucky that it has rescued my year. Hope it keeps going well for others.
I've now dipped my toe back in Mara and CLSK but not going in big, the sector isn't playing nicely for me but I can't resist a nibble at these prices.
My out of sector play is in AI with Veritone, I'm not putting all my eggs in one basket again.
GLA whatever your strategy.
Chaebol, gme is raising probably cause of SONYs new push of PSN acc. Sony shares dropped a bit.
Can't give you more info as I don't care.
Put helldiver, Sony, PSN in Google :)
And wait until CLSK changes its depreciation on its machines from 5 years to 3 x;)
Fred said about a year ago plus BTC mining will be a zero sum game and you wont be making money mining it. This is why Mara has really looked in to the techstack and other auxillary services around crypto, pick and shovels arent enough...... the only ones making good money out of the miners is Bitmain.
Going for it against City, its the Ange way mate x;) What could go wrong lol then we have that history of spurs doing alrite against City at home. its always the hope that gets you ! ill be cheering on City i think the whole ground will be.
Got some AMC just in case this goes mad! all roaring kitty has gotta do is say I like the stock and GME is gonna moon and AMC always follows. How investing has become this absurd i have no idea but something obviously going on the background.....let me guess no one covered? lol
Gotta love a bit of GmE action, Not sure it’s much fun being the one left holding at the top mind, It has its own little crypto cycle boom bust and wait ages for the next cycle/roaring kitten meme ;) The 2 year cycle.
Wouldn’t quite go that far but I will be taking half an interest in you’re teams game tonight, I’m fully expecting the full Tottenham fans experience though ie it ending in defeat ;)
Hope you are well !
Haha - I thought about it but didn't enter a trade - even though I knew it was going to run above $30.
Shows there is cash out there. They'll issue an ATM no doubt and that will kill it.
I bought Gamestop yesterday for the first time ever at $28 but risk averse me sold it before close at $32 for a £300 profit.
It's opening at $73 as things stand !
I reckon you are a Tottenham fan tonight x;)
“I’m not a Cat”
Come on you…. Nah fook that ;)
Inflation figures tomorrow - if they come in low the markets could get moving - combined with Roaring Kitty could we finally get the bull run? Imagine one month of up only....
Roaring Kitty is back in town if you were around in late 2020 early 2021 this is what kicked it all off..........funny its going on again. Im tempted to get some AMC again x;)
GLA
Various Q1's have now come out and I'll be honest, they are not good at all.
WULF was out last night, with ultra low cost to mine, and still made a loss - mostly due to interest payments.
CLSK was one of the best and scraped a non fasb profit, but nothing earth shattering.
These were all pre-halving, and clearly Q2 results are going to be dire across the board.
The miners really need bitcoin to go up, and I must admit that I'm getting concerned about holding them just now.
Fundamentals don't add up. On the other hand I think bitcoin will likely run at some point in the coming weeks so selling just before a run would be silly.
The eeal professionals pull out when stock goes down and invests in good quality funds with profits
Dags , I politely disagree with your view regarding clsk as the cream of miners, it’s being pumped and has been for some time. It’s the reason I sold my investment in them. Next comes the dump and hopefully the wise dumpers place their fund into the real cream of miners obvious to the astute investors which is Mara IMO
I like facts. not fairytales. and the facts make grim reading apart from one miner. clean spark was the best performing traded miner in 2023. in 2024 clean spark is the only miner in profit since january 1st. up about 40 percent. all other miners are down this year so far. without doubt there is only one game in town and that is clean spark. the difference between sparky and the rest is fact. not fairytale. not hope. facts are facts. mind you we are supposed to be still in a bull market. so if you are down your in the wrong miner which is all of them apart clean spark. and well done to clean spark management.
Yes Argo are around 30 J/T I think so it doesn't apply to them and they can't renew their machines and it's unlikely they'll renew the the hosting agreement.
Good point re efficient machines but this only really applies to entities with cash that have been able to renew their fleet in recent years with the most high tech rigs despite the downturn and now halving.
For the likes of Argo and I suspect the majority of artisanal miners? this won’t apply.
Yes although miners were all minimum 30+ J/T with the 17 series around 45 J/T. With new miners at 15 J/T there's a factor of 2 or 3 on the positive side.
But overall definitely harder conditions now.
Wednesday is a pivotal day with inflation stats - if they come in low could spark the next run and allow us to forget about fundamentals for a bit.
It's an exaggeration as BTC didn't come close to averaging $60k in March 2021 but it still shows just how much mining power is now needed to generate the same revenue as the highs of 2021 - I'm surprised hash isn't falling considerably already but I guess give it another month or too and it'll probably gather pace, bitcoin being equal.
What's the assumption here? That difficulty is going to retrace considerably unless BTC starts rising?
It's amazing to think that the first time BTC broke $60k in March 2021 global hash was barely a quarter of what it is today, with double the rewards for minting one bitcoin so in other words, at $60k today vs $60k n March 2021 revenue being generated for miners is about 1/7th of what it was (adding a bit more back in for fees).
That's really bad and shows that you need seven times the hash to be generating the same revenues as $60k in March 2021.
It is worth noting in the past a couple of times when bitcoin has moved the miners have not gone up straightaway due to manipulation .then take off. frustrating as it is patience is always needed.