Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
Thanks BC, it was your post the other day that made me think about it and ultimately jump in so thanks very much (well hopefully it goes up today anyway)!
Chaebol, I have a few accounts. My SIPP & ISA are holding accounts and I hold mostly CLSK (and a smaller holding of others as a backup plan - I do move things from time to time if I feel valuations are overdone or underdone). However with the current CLSK ATM I've taken the opportunity to do a couple of sideways trades into MARA and back to CLSK. They haven't necessarily gone the way I expected, but they were both successful and achieved the aim of increasing my CLSK holding on both occasions - although net £ balance has gone done with Friday's dip - but should go up again today. I then have my much smaller trading account that tends to go up and down like a yoyo - I am not very good at trading but have gotten less worse. Shorter term trades back into cash. Mara chosen because there's a significant differential to RIOT mcap, and the spread and volume is better than clsk. But I still think they are rubbish.
Bought some mara in my trading account on Friday at 5.80 and watched it drop to 5.30. thought it was likely my stop at 4.80 would get hit but this morning is welcome news. Want to sell before their results of course lol.
That goes against their aims HC:
https://www.federalreserve.gov/aboutthefed.htm
Can't sacrifice all their other aims just for 2% dogma. That's why the upcoming starts are important. If inflation comes in lower than expectation it gives them a good narrative to pause. Or they can just screw us all over as you say.
PI you know nothing about clsk so I don't know why you bother commenting on them. 6 months at this price is no problem for clsk. We're all clear you don't want to invest in them, that's great, but if you're talking about them please show some knowledge of them as it is annoying to see you say things that aren't based on anything.
HC, bitcoin has never had support from governments, besides El Salvador and it's gone through much worse than this. How about the banks, say I had 5mil in a bank account but only 250k was safe by gov protections, I wouldn't be sitting comfortably just now.
It demonstrates a good point though. The bonds offer risk free (well as close as possible) high yield. It makes a lot of other offerings unattractive which may well be an iceberg of coming problems. It's also killing consumers on non fixed or new/renewed mortgages.
My thinking is that although this is mostly self inflicted by SVB, governments tend to care about banks above people - if banks fall apart the whole system falls apart I guess. I don't believe there is direct contagion risk from SVB, but other banks share prices have dropped as a result and will be under increased scrutiny.
Fed will obviously be aware of this situation and I wonder if they still push ahead with 50bp or if they cool it a little and make more dovish remarks to placate the market.
Silicon Valley Bank Explainer (from https://twitter.com/jamiequint/status/1633956163565002752):
"An explainer on what is going on with Silicon Valley Bank:
- In 2021 SVB saw a mass influx in deposits, which jumped from $61.76bn at the end of 2019 to $189.20bn at the end of 2021.
- As deposits grew, SVB could not grow their loan book fast enough to generate the yield they wanted to see on this capital. As a result, they purchased a large amount (over $80bn!) in mortgage backed securities (MBS) with these deposits for their hold-to-maturity (HTM) portfolio.
- 97% of these MBS were 10+ year duration, with a weighted average yield of 1.56%.
- The issue is that as the Fed raised interest rates in 2022 and continued to do so through 2023, the value of SVB’s MBS plummeted. This is because investors can now purchase long-duration "risk-free" bonds from the Fed at a 2.5x higher yield.
- This is not a liquidity issue as long as SVB maintains their deposits, since these securities will pay out more than they cost eventually.
- However, yesterday afternoon, SVB announced that they had sold $21bn of their Available For Sale (AFS) securities at a $1.8bn loss, and were raising another $2.25bn in equity and debt. This came as a surprise to investors, who were under the impression that SVB had enough liquidity to avoid selling their AFS portfolio."
Fed has broken silicon valley bank. This 50 point stuff will be interesting.
Did a second trade with mara to pick up some more clsk. Successful. Closed out as don't want to be in mara for results. Fear rules today, but next week is a new week.
I debate the 9.5 energised as the mining figures are not showing this so far this month - another problem? Results soon, although probably doesn't matter what they are as the price is a lot lower but still expecting them to be poor.
Clsk just carries on mining consistently and growing. The better they get the lower their share price though lol.
Haha Hexam you're the only one I know who could make sense of it!
I've had a further scan and it doesn't look like awards yet, but does look like the paperwork for awards to come as you suggest. Wonder if Peter is getting any of them.
I think it's the existing 2022 incentive plan being implemented but I've no idea if there are added red flags or not. Maybe Hexam could take a look? Filing is here:
https://www.sec.gov/Archives/edgar/data/1841675/000110465923030169/tm2225474d1_s8.htm