The latest Investing Matters Podcast episode featuring Jeremy Skillington, CEO of Poolbeg Pharma has just been released. Listen here.
Just sold my mara and wulf for anyone interested. Haven't liked the price action, the CPI should have kicked the price up, but it's looking tired. Will probably enter back in shortly (watch everything sky rocket now!). Put a little short on riot.
I'm confident I'll hit ath again but this time need to hit the sell button. I made the mistake of falling in love with Argo. I'm not in love with any of the miners now. I think clsk is doing the best out of all of them in terms of bear market actions, but I don't have faith in Zach the way I did Peter. I know they'll all just do what's best for themselves.
Didn't recognise your name so looked at your post history which oddly enough talks about other miners lol.
"NickTN
Posted in: ARB
Posts: 63
Price: 129.00
Strong Sell
Careful10 Aug 2021 09:31
This share is not right. Can't put my finger on it! Take a look at the market MARA RIOT BITF and others all doing really well as expected when bitcoin does well. I think theres a big hole on the other side of this company with a mining disneyland in the works - suitable for writing off as much money as needed in the name of bitcoin."
Mara reminds me more of Argo than clsk does. Painting a beautiful picture of a rosy future that will never eventuate. They are getting credit for finally getting some old hash online over a year late. Still with the poor BTC per eh.
Love to sit in on the new CFO interview:
"Question 1: what does the P stand for in P&L?"
"Don't know."
"Us either, you're hired!"
Just listen to the podcast and stop making up nonsense.
Yes I'll be buying more. I moved about 40% of my holdings into wulf and will exit that and buy a larger clsk holding when I feel the time is right. I call it AB's accretive clsk share buying programme.
This is the explainer. 6:40 into the video it is discussed.
https://twitter.com/compass_mining/status/1638557679634325506
Previous management team burned a lot of holders including myself with their dishonesty/misleading statements. They also took the company to the brink of bankruptcy. A lot of investors are therefore wary of investing here again, and that reduces inflows as you've seen with lagging price.
We should give the new management team a chance though. But actions are more important than words here and there's been no sign of actions to date this year besides sorting bonuses.
Double counted to comply with some weird accounting rules. The recent mining podcast with Zach goes through it, plus there's a sec filing.
19+ chosen as cost per eh was much lower. Discounted xp closed the gap. Obviously XP is better but you have to take cost/roi into account.
How many XP's do mara have and what are their actual value now we know clsk price. How much is their hodl and debt? How much is their market cap? Doesn't add up.
They've always liked the xp but it was too expensive. Bitmain did a half price pizza day sale and it looks like clsk have taken full advantage of it. I was wondering if they would. Finally we're dealing with a known figure.
"Did Zach make 27 million usd last year ? All in ?"
No. he didn't. There's an explainer somewhere but it wasn't anything like that figure, it was too do with accounting standards. 8 mil was double counted, the share price was quoted higher than it was and the shares get awarded over the next 3 years or something. Think it was less than 10.
Seems a good price for them. Look into the bonus scheme a bit more, although very generous I think there's a significant difference between authorised vs actual use of the scheme. Next quarterlies in May I think, hoping a ppa is in place by then which is the final piece of the puzzle.