Member Info for Albert82

Deagle, don't be daft! I own rather a lot of ARB at an average of 5.74p. I sold some on the way up at 40, 50ish and also at £1.05. I've taken out 3 x my investment and don't regret any of those sales. It's very easy to get greedy, which I've done before and end up turning a profit with a free ride attached into a loss. You would regret that for a lot longer.

Raising funds via the placing costs ARB nothing.
How can you even try to compare this to the cost of borrowing the money?

We should all have freedom of choice to gamble/invest our own money as we wish. It would be far better use of their time if the FCA focused on some of the dodgy behavior of the MMs, over which we have no control and apparently, nor do they.

The January figures will only reflect the increase in BTC.
With kit coming online late January and through February, the real impact and proof of our PH advantage will become very apparent when we see the full March figures in early April.
Probably too far off for the day traders, but those numbers should finally make the penny drop.

The January figures will only reflect the increase in BTC.
With kit coming online late January and through February, the real impact and proof of our PH advantage will become very apparent when we see the full March figures in early April.
Probably too far off for the day traders, but those numbers should finally make the penny drop.

His mum has told him to get on with his homework

They've all been dealing with calls from Zengah!

Same here

I can't get an online quote on AJ Bell right now....

This is probably the most common mistake investors make. Hanging on to a loss maker just means you lock in good cash.
If you invest 10k and it's now only worth 6k, it's still 6k you can invest somewhere more promising.

I know that's how many companies operate, but it just means you get a bigger roast dinner.

I happen to like eggs

Unix, that's a very good, fundamental point.
People talk about shareholder value, but unless a company pays a dividend, the only way to get value is to sell your shares.
It's a bit like owning a chicken. You can have one lovely roast dinner, or you can keep the chicken and have a few eggs every week.

Macraes, I'm also very grateful for the insight provided by so many people on this board. I've been here since 2019 and, unfortunately, some of the best advisors have moved on due to the ridiculous noise on here. It's the price we have to pay for being in a flavour of the month stock.

This happens on most stocks, but it's always a lot more civilised over the weekend.

Good luck and maybe we'll both be able to enjoy retirement when the world returns to normal.

Chris, I obviously agree with you, but an at some point we all need to turn an asset into a reward,but I'm thinking about a DBS, not an SMax!

I've posted this before, but I'll keep doing so until it sinks in.
Someone pointed out that £22.5 mill raised in the placing was way over what we need for the machines due in June.
So maybe this the plan for 2021: We pay all the bills with the excess placing cash so we can HODL all of our BTC.
If we mine a conservative 3,000 coins and HODL the lot, even at $30k, we have $90 million.
At $100k, we have $300 million.
Obviously you can tweak these numbers to suit your own views or predictions, but however you do it, this looks like a brilliant plan from PW and the board.

Please could you add your very useful comments and price updates on this thread and therefore stop corrupting every other thread?

Very good find. Thanks

In order to rein in my overenthusiastic approach, I employed a risk manager. I say employed, you might say "married". When I explained to my wife that the extra 4,500 machines were coming on line in the next few weeks, she asked if they come with plugs already fitted....

Bod, couldn't have put it better.

Jonny, that's a fair question, and all of the calculations are speculative, but let's say we only mine 2000 @ 30k. That's still $60million.
The key is that we use fiat to pay the bills and HODL BTC.
Obviously, anyone who thinks BTC is a busted flush should not be here.