Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
I know Mozax, I hold all these shares. Before today Mara had 180PH and deliveries from Jan to June taking them to 1.28EK before another order in Aug taking them to 3.56EH. Now today they are taking on more after Aug to Dec taking them to 10.36EH
The main risk with Mara and Riot is, of course, failure by Bitmain to deliver.
So apparently MARA signed yet another agreement with Bitmain for even more machines. When delivered in Dec2021 they will have over 100k machines generating 10.36EH!
That's the Nasdaq for you. All that capital that flooded their initial is now being leveraged to grow faster than everyone else. That's what I was saying this Summer. We are now a good value, frugal, value laggard play in the space.
I still hold as I have serious concentration risks to deal with here!
He's deramping bitcoin because I told him to bugger off yesterday for being a p.issant thinking he was going to get in under 25p and sell for 29p on tuesday.
What a moron! Is there no way to block idiots on here? He drags down the whole subforum.
Try not to focus on the price of Argo or bitcoin. Hold in there until the reports of institutional buying have finished. That's what will indicate the bull run is over, not the price.
No-one knows what the price is going to be when every institution that wants a piece of the cake has a piece.
Which begs the question, how can you prove an absence? Well there are a few companies i would expect to be buying here: banks, funds, fintech/ecommerce, megacaps with large dollar treasuries. They either buy in or disavow. Most of them haven't declared yet. So I hold and wait.
Say nothing about the potential for nation states buying in. Though I have it in writing that our Treasury is not considering this. The national debt is all perfectly sustainable, they say. I guess they can always devalue.
But they can't devalue bitcoin.
No I am not sure.
I am using the higher figure as I prefer to undersell and overdeliver in my analysis. This is a value play so i go big on the valuation so as to be conservative.
We won't know the true MCAP until there have been a few days more trading in both the UK and US, I suspect. No doubt for a few days the Americans will push it up and the Brits will pussy out and sell. I'm just banking on the American capital being stronger. As far as I am concerned the sooner this is out of the hands of the British the better, present company excepted of course. We are the chosen few.
Even on here I saw plenty of comments about dividends, or profit taking after a 10% rise. Pathetic weak and ignorant capital.
Morpheuz - the £55.8m was when the UK market shut on Thursday midday. The $96m is when the US OTC closed Thursday PM Uk time. In that time, across two markets the price went from 19 pence to 33 cents.
I am using $96m because it is on ST and is the last known price. Given that I am telling people this is undervalued I feel the most conservative valuation is the largest one. Short term 3.5 bags only now versus 5 on Thursday.
I'm now thinking about our energy capacity. Both Riot and Mara have plans for 3.8EH and 3.56EH respectively so their energy requirements will be 100MW+. Even if we could get that amount of miners we could plug them all in.
Does anyone know the plan with regards to expanding our power supply above 64MW? This is one of the ceilings on the SP as far as I can see. I know we did a deal with GPU to secure 20MW long term but what is the plan for 100MW+ ?
Apologies if this has already been covered.
Below is a very simple chart of PH produced versus MCAP. This is a very raw but effective valuation method. Ultimately all we want is as many bitcoin as possible as cheaply as possible. How much are you paying for each PH? This site is atrocious so forgive the awful formatting:
Stock PH MCAP/$m Million MCAP per PH
Argo 645 96 0.14
Bitfarms 965 138 0.14
BTBT 2254 253 0.11
Hut8 952 246 0.26
Mara 185 695 3.76
MGTI 80 20 0.25
Riot 550 886 1.61
Here's my roadmap for the future:
1. OTC listing
2. MCAP up to $350m
3. Additional 430PH in February
4. BTC up towards $50k
5. MCAP up to $750m
6 Listing on Nasdaq
7. MCAP up to $2bn
8. Massive upscaling to 2.5EH
9. BTC up towards $100k
10. MCAP $5bn
They may not happen exactly in that order but I think they will all happen. And they could mostly happen by Christmas 2021. This is a long term buy and hold. We know that very well but our American and Canadian cousins may not. I will be emphasising this to them whatever happens next week. Buy and hold through the crypto bull run.
Two great posts there Balman. I actually forgot about the Feb 2021 additional 430PH. I'm already convinced of a multibag without us adding almost 40% to our operation!
And about Nasdaq. One of the larger stockholders should compliment Peter on his OTC listing and ask if the Nasdaq listing is in the pipeline. i am already talking about it on the other forum. It must be the way to go. Mara and Riot are gold and they are running off future promises as much as current production. The Nasdaq is simply a wall of aggressive speculative capital like no other in the West.
Quote from t'other forum:
"$MARA to new investors this weekend with nothing to do...
Do what you want with your money, but don't gamble on OTC stocks when you can get the real thing. Most people won't be able to buy low and sell high with these BS hype tickers with no news. If your looking at the $MARA
board i don't mind looking at leads but be very cautious of people spamming penny crap.
Plenty of legit companies. There is a reason that **** cost pennies spikes 50% then crashes 80%"
Some people really don't like OTC. They absolutely ****ing hate it and wouldn't touch it with a barge pole. They are happy to bet on a future 2.3EH with Mara but because Argo is OTC they only credit it with stagnation.
Fortunately, many people are not like this but some Mara and Riot fanbois definitely are.
Morpheuz - I am very careful not to over tag my posts as this aggravates people. (I post a lot all over the place).
I don't want all my posts to be tagged as this will enrage those shareholders. I have enraged two people so far today.
I also happen to own Riot and Mara, more so than Argo actually, and I do try a little not to offend, even though I am also rather aggressive. If there were ten people like me I would be a lot more chilled. Ultimately this still has 3.5 bags in it until it reaches parity with Mara and Riot given that it will remain undervalued owing to OTC and no RH investors. $350m short term.
At which stage I hope some of the larger stockholders here could speak to Peter about getting a Nasdaq listing. This will be easier when we reach $350m.
On the Nasdaq this gets valued on a par with Riot and Mara just shy of $1bn with BTC = 24k. It would also free up Peter to aggressively leverage and scale up massively. This is potentially a $5bn+ company on the Nasdaq. Happens all the time.