Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
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I'll be glad when I can ditch all miners, they have proven themselves to be dilution machines who are constantly hitting the reward share button in a big way to line the staff pockets
"there's a strong argument to be had that they know far more than PIs"
History would suggest otherwise - they are clearly a bunch of clowns. CLSK is one of the few that I'd rate their opinion.
Yeah and if that bull run doesn't come for another 12 months we're talking enormous market share then being taken by those that have continued to raise and raise at these (relatively) higher levels. But my point is also that these are executives close to the industry... when they sell shares we tend to think they know something bad is coming down the road, when they raise before being forced logic would follow that we should at least assume they think the near term isn't all that rosey.
I think, the miners that are diluting are preparing for the worst. There is no guarantees a bull run will happen before halving, the bull run might be 12 months away, who knows. At a guess, looking at my crystal ball and judging by the current global madness, I think this is the bull run, slow it might be but it’s looking a little like a bull run, I could be wrong.
There's also the chance that all this bearishness from the top North American mining execs turns out to be well-founded, turns out that bitcoin treads lower into the halving with all miners seeing share price capitulation. In that case the likes of Riot and Mara will have raised at an opportune time and will easily ride out the storm whilst the others go under one after another.
Should we be looking to invest when CEOs of these miners are playing it so cautiously? Arguably not, there's a strong argument to be had that they know far more than PIs and that they are fixing the roof whilst the sky is still relatively bright. If that is the case then there the best opportunity may actually come around the halving...
Agree that there's excessive and unnecessary dilution going on right now but come out and commit to not diluting? Remember who effectively did that in 2021? Peter Wall, and it's one of the biggest reasons Argo ran into trouble so quickly.
You had North American miners raising huge sums whilst Argo went the debt route and as soon as the market turned they had no way of raising their way out of that debt besides flogging off the crown jewels.
Best not to take any funding options off the table.
With a few hundred mill you'd think any problem could be fixed but funny part is they've also been talking about fixing that broken shed for what honestly feels like forever
There's that horrible phrase "hash rate capacity". I will not touch a miner that uses that phrase.
Riot are meant to be expanding so the dilution was always coming. Don't understand their valuation they are clearly not very good.
These atms are getting pretty ridiculous. Riot diluting $100m last month alone and still no end in sight. No wonder prices are treading water, there's only so much market can absorb. If any miner came out out and committed by saying we won't dilute when btc is x thousand because then we'll be profitable enough they'd absolutely kill it.
Is it deceit or incompetence that leads them to say 5.5k a coin? They’d have stronger books if it was correct.
Https://www.riotplatforms.com/riot-platforms-reports-third-quarter-2023-financial-results-current-operational-and-financial-highlights/
45 million loss Q3 Hosting biz lost another near 20 million, 230 million raised via the ATM and people are hawking the idea that Riot are mining for 5500 per btc. I better keep my mouth shut for Mara q3's this evening but this defintiely makes me feel a bit better about my holdings in them.
GLA
404x thank you…
And just to clarify: my last post was to that nob Dagenham not to anyone else…
Read my post again yet nob and maybe you will catch my opinion, to just clarify my opinion here Bitcoin needs to double in value from where it is now or there is no value to investors holding or investing in Bitcoin miners . Again , read my post again please. I’ve seen all this before. Negative posts get flamed, but don’t forget the following bollacks:
You’ll miss the train
great entry point
You pay more to get back in
Don’t be a bet wetter.
Diamond hands
Paper hands
Deramper
Pedos
I have an opinion and I will express it.
I will not be bullied by anyone and will defend those that are bullied.
Go feck yourself yer nob…
That last post was to whinger chopsing. not to anyone else.
so what opinion do you have on here to add any value to anything. i still have my fund money, i am still on overall profits after buying low, have good hedges and some powder dry. my method actually has worked despite the 50 percent fall of miners. and what do you offer. **** all. whinging and losing money. if these chat boards are not about coming together to try to make it in the next 2 years then why the **** bother. your in or your out.
I think there is a lot more to this than the halving being priced in. However my belief in BTC and MARA remain robust!
adding both as and when I can. The price and action will come back round in our favour and BTC keeps ticking up.
Mara making strange decisions atm.....maybe in time they make sense, however they remain the largest most efficient miner and then some..... and until the next bull run, all im going to do is add at these silly prices.
The price will come!
GLA
Dagenham just go feck yourself ok?
Chopsing is the type to sell clean spark at 4 dollars or his break even level only to see it rise to 70 dollars or more in 2025. and then buy at the top and all the way down. if your in stick with it or lose anyway. your choice, your life.
If you don't see investment value in any miners it would seem logical for you to sell. While market bearish on miners quite a bit of conviction required, so no shame in exiting.
Let’s face if , if Bitcoin doesn’t reach an all time high by April next year , all their share prices will suffer. Just look at the shock movements of their SP on all them today when Bitcoin is on the move upwards. In my opinion we need to see 70,000 to 90,000 Dollars for a potential shift upwards in price but I’m of no doubt the big Dilution word will be announced to bat their share prices down taking away any share holder value. To conclude : I can’t see any investment value in any of the miners going forward and I’m considering selling out at a loss in order to invest my money in real business models that actually give potential value to those that invest in them rather than CEO’s use my investment to pay their inflated salaries.
Bitcoin moving fast and up. bitcoin miners trying to get out of the red. the miners might burst a blood vessel in the shocking situation of being forced into the blue. this is not on. lol.
It must be something to do with the halving concerning all miners. it has to be. markets are forward looking by 6 months or more at times. it has to be. so the market will not be bothered at the moment who are the best miners. it will just be some are not going to survive. and then on top of this you have the big boys taken out retail investers so they pick up the best miners in the future. one thing that would stop this at least temporary is bitcoin going up massive to say 50 thousand. just my take but something is not right.
Theeeduke. credit where credit is due on your tip of kr1 a while back. well done bud. not enough credit is given on chat boards when it involves good stuff and surviving in this market. yep. i agree. kr1 looks great. if it gets over 65p all systems go. and it is lower risk than the miners but with bags of potential. i will be looking at adding myself at some point. i see terawulf just had to drop below 1 dollar today. they are fishing for them stop losses under 1 dollar on that one. it is like take it up a bit and then drop it to a new low. anyone with stop losses on in this market will be take out of the game. period. that is why i say get rid of them stop losses. the way the miners are acting you would think bitcoin is at 20 thousand dollars not around 35 thousand dollars. they will not stop until at least 80 percent of retail investers are take out. they must not be there yet.
A few KR1 haters on here and few that are in it - Definitely outperforming the miners of late, something I think will continue . Just wish I`d stuck to my guns and ploughed more in there instead of Mara . .. lol