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SLP is up 20% since sharebuy back started and they are only buying $3m worth of shares.
If the technology works and is a cheap way of storing electricity then you can see how beneficial this could be in storing electricity from renewables. As an EV driver if this could be rolled out as charging points in remote areas, especially in Africa, it could be quite lucrative.
Posted on LinkedIn earlier
Redox One - A “MINE-TO-MEGAWATT” SOLUTION OFFICIALLY LAUNCHED
Tharisa is pleased to announce the official launch of its Redox One (www.redoxone.com) business in Cape Town, South Africa, coinciding with the Africa Energy Indaba
Redox One is at the forefront of developing long-term energy storage solutions needed by the world, using proprietary proven technology developed over decades, including by NASA, to deliver a ‘Mine-to-Megawatt’ solution at a fraction of the cost of competing technologies.
At Tharisa, innovation has always been a critical element of the business model and with Redox One, the Company has developed technology through further beneficiating its chrome produced from its flagship Tharisa Mine.
Redox One has a unique process for producing low-cost electrolyte directly for its flow battery technology. Chrome as the key ingredient means the electrolyte is safe, stable, and environmentally friendly. With direct access to cost-effective and nearly unlimited raw materials through the partnership between Tharisa and Redox One, the company has a stable supply of electrolyte for decades to come.
With an experienced energy storage management team now firmly in place, Redox One has a fast-track development timeline, with demonstration batteries already in operation.
Attending the launch, Phoevos Pouroulis, CEO of Tharisa, commented:
“In our desire to enrich lives through innovating the resources company of the future, driven by innovation and our aspiration to extract maximum benefit out of the resources that we mine, the Redox One opportunity is a natural fit for Tharisa, not only utilising our own commodity for further beneficiation opportunities but working in tandem to find a solution for the world’s energy storage needs, in a safe, and affordable manner. The team we have assembled, the technology and IP that we have developed and the partnership approach Redox One is taking will underpin the success of Redox One and I look forward to large scale deployment of this critical energy storage solution, in a market that is poised to explode in value, expected to reach US$3 trillion by 2040.”
I would suggest that anyone that has concerns regarding Karo or any other Tharisa business do so by sending an email to investor relations. I gather that there is anAGM shortly, where no doubt the management would be happy to answer any shareholder questions and concerns.
Current Tharisa basket prices of 27/09/2021
Platinum $976.00
Palladium $1 970.50
Rhodium $13 825.32
Gold $1 750.98
Ruth $577.33
Iridium $4 769.51
Tharisa USD $2 553.95
With a circ. annual production close to 150k ounces would produce annual revenue of $383m
These are warrants due to expire in Feb, nothing to do with Peters 7p Options. Good news is that we have £1.8m in cash that will pay nearly 3 months of hosting costs and we are able to HODL another 300 Coins between now and March.
If Peter is shrewd he may be able o buy his options with the gains and hold them.
No interest on holding coins. The value goes up and down depending on the price of bitcoin. Therefore if we hold 200 coins at the end of 2020, and don't add to them for a year, and Bitcoin at the end of 2021 is at $100k then the value of those coins would be $20m.
I am expecting that we add to our stash throughout 2021 and could have 400-500 coins by end 2021.
Pre halving zcash indeed was quite profitable especially when Zcash got to $100. Do a google search for Z11 mining calculator and you will get a couple of sites that confirm what Dan be mined and at what profit. As a rule of thumb I use $0.055 for electricity and hosting costs. Zcash fallen down the league table of profitable coins but ther is only about 25% difference from the top coins. It hind the bod expect Zcash to increase significantly in a few months following the halving. 1750 machines are still currently bringing in $4k profit a day if they have been ramped up to 280 msols.
I think dual listing is still on the cards. It is clear that the board have been quite busy dealing with not only the new machines, hosting deal with CORE scientific and still the possible purchase of the GPU data centers. Possibly been delayed a month or two but they would be crazy not to be looking at it based on our peer valuations. Don't think the UK investor quite gets Bitcoin yet.
Divide £720k, which is hosting and electricity by number of BTC mined. November should be approx 135 and that will give you their break even price. Looks like November profit will be well over a million.
So current electricity and hosting costs are £720k a month and Admin around £250k a month. We should now be in a position to HODL more coins, unless as Wmsjames pointed out that we are selling to fund GPU purchase, dual listing or even an order for new machines. The latter doubtful as we have 4500 coming by FEb, but would need to place orders now to get machines in H2. However if we get good leasing deals this maybe the way forward with deliveries seeming to be quicker.
Chris, not at all. Stills lots of room for Bitcoin to increase, new machines being installed in Feb, possible purchase of data centres and a dual listing to boot. Plenty of catalysts to increase the SP on an already undervalued company. Well over £1m profit due this month alone and would expect to have 175 coins in the bank by month end
About to make a million £ profit in November as far I can see based on current difficulty and BTC price. Obviously doing something right and with a significant increase in machines by Feb, service agreements to follow, they are looking to be in an extremely good place to take advantage of the bull run.