The latest Investing Matters Podcast episode featuring Jeremy Skillington, CEO of Poolbeg Pharma has just been released. Listen here.
I'm not sure Argo get's £2 as there's a lot more shares in issue and the company is in a different place than it was last time around, but let's see where we are in the next bull run - crazy things happen so I wouldn't rule it out.
Here we are at $28k ish bitcoin and no one is even that bothered or interested.
Wasteoftime - good luck with your other investments - hopefully not banks.
The very bottom of this page states 24th March for final/balance payment due. I think with the figures you need to take 30% off for the coupons.
https://www.sec.gov/Archives/edgar/data/827876/000095017023002970/clsk-ex10_1.htm
I've got a holding in riot but I've not increased or decreased it. I'm not putting any new money into miners, just cycling existing holdings. I'm not clear where best to move anything now so just holding as is for the moment and see what plays out. CLSK sale finishes on Friday so expecting an uptick after that but depends on Fed and market reaction. Bonds seem to be heading down which is promising.
There was going to be a results conference the first time round then the results were pulled at the last minute. Results were subsequently released 15 days later with no conference. Market seems oblivious. BTC going up in the background. Maybe we all just pretend nothing happened and carry on.
I'm not going to short any miner as I'm super bullish on bitcoin and would get rekt.
Yes - although I'm interested in what they are going to do, I'm more interested in what they actually do - and definitely interested in sec filings over puff pieces.
Peter Wall has made me a little more cynical which is sad.
Clsk wasn't late reporting from what I remember. They seem to have a decent accountant that gets excited about new tax rules. The opposite of Alex.
Riot I've not been following closely.
Thanks Chaebol I'll put it with my Argo hoodie and t-shirt that I've kept for old times sake.
Suspect talkin investing has a holding in Mara and needs to sell it first - or maybe getting a short ready lol. It's not something I would think he would miss. I actually thought mara would drop on the results alone but it went up well on Friday. Markets are crazy.
Part of the share issue is likely for the UAE deal also. Maybe UAE bought the other issued shares also who knows.
There was a gap between mcap of riot and mara but this share issue explains it and it has now reversed. Hard to trust the info on these mcap sites as it seems to be outdated half the time.
Yeah agree that Riot doesn't add up especially that Chad Everett dismissal - would like to know what went on there.
Bitcoin almost at 28 now - I'm not holding any miners after the next bull.
Mara has machines that have sat in boxes for over a year that they paid well above current market rates for. They've just announced a gigaloss. They have a ton of debt. They constantly fail to meet targets they announce. They've hushed up this dilution. The sec is on their back and had to restate accounts. I could go on.
PI, the gist of the conversation with chaebol just then is that mara seems to have diluted 50+% this year. Market doesn't seem to be aware of this yet but I would expect them to be hamstrung for the coming days while this gets realised unless BTC carries on north.
Money is not safe in any of them, it's the wild west they are all risk return trades.
"Mara is the largest mcap Miner now x;)"
Lol yes indeed. Fintel shows the higher number of shares issued while Nasdaq site does not yet. So does sound like it's 167mil yikes. BTW CLSK now has a higher % insti ownership lol
https://fintel.io/so/us/mara
https://fintel.io/so/us/clsk
Actually it's hard to tell how many mara have issued as there seems to be some conflicting info in the report that is hard to understand on first read. However it looks like they issued a ton of shares after 31 Dec to pay off the loan (March 8th news) - which is post FTX. That's a massive dilution for no hash uplift and as you say at a low price. I don't like dilution but at least with CLSK's they've diluted less than they needed to as the gap was filled with BTC earnings, and more importantly the dilution is for growth rather than paying off debt. That's why I'd like to see them then do a share buyback aftwerwards - I know they won't though as they have the next expansion to think about.
Yes I take your point about Riot, they have not been that inspiring. They are ok but not great and I hold them for diversification purposes.
"As of March 13, 2023, there were 254 holders of record of 167,247,030 shares of the Company’s Common Stock."
"as of the latest practicable date 167,247,030 shares of common stock are issued and outstanding as of March 13, 2023."
"Common stock, 0.0001 par value, 200,000,000 shares authorized; 145,565,916 and 102,733,273 issued and outstanding at December 31, 2022 and December 31, 2021, respectively"
"Weighted average shares outstanding, basic and diluted: 113,467,837"
"Weighted average shares outstanding, basic and diluted: 99,337,587"
https://www.sec.gov/Archives/edgar/data/1507605/000149315223007879/form10-k.htm
https://ir.marathondh.com/news-events/press-releases/detail/1304/marathon-digital-holdings-prepays-term-loan-in-whole-and
Don't worry chaebol I am trading mara like I've said - but I see it as the dogecoin of miners - I think dogecoin is a joke, but if it goes up reliably then it's worth trading on for sure. With Argo you read PW correctly and I didn't. In hindsight there was a mismatch between what he was saying and what the quarterlies were telling us. I'm not seeing that with Clsk. I kind of like it that they have boring personalities and just get on with executing.
Yes chopsing i was wrong on Peter which I have admitted a thousand times and in your mind that might make me wrong on everything else ever again. My opinion is that all bitcoin miners will go up in the next bull run and they'll all crash again afterwards. Me and chaebol just like arguing about mara.