Member Info for Brasso3

I think that is a really good article to share with friends as it simplifies the explanation.

Why Does Bitcoin Have Value?

https://www.aier.org/article/why-does-bitcoin-have-value/

Farage has joined the bitcoin train.

https://www.zerohedge.com/crypto/bitcoin-ultimate-anti-lockdown-investment-says-nigel-farage

Another reason why investors steer clear of Argentina.

Covid: Argentina passes tax on wealthy to pay for virus measures

https://www.bbc.com/news/world-latin-america-55199058

'But opposition groups fear it will discourage foreign investors, and that it will not be a one-time tax.'

Centre-right party Juntos por el Cambio reportedly described it as "confiscatory".

https://investorshub.advfn.com/uimage/uploads/2020/12/5/opznoBTC_Holdings_Dec_2020.jpg

Microstrategy topping up! This is being f**king greedy!

Michael Saylor
@michael_saylor
MicroStrategy has purchased approximately 2,574 bitcoins for $50.0 million in cash in accordance with its Treasury Reserve Policy, at an average price of approximately $19,427 per bitcoin. We now hold approximately 40,824 bitcoins.

https://sec.gov/ix?doc=/Archives/edgar/data/1050446/000119312520310787/d22733d8k.htm

They have just spent $10m installing gas infrastructure!

The gas zone is above the oil. Why would they do such a thing?

Gas to stimulate oil? Thats a new one!

They are not intending to bring the gas online from EVN-x1.

That will be left for later was my understanding of the RNS.

16th Nov:-

EVN-x1 will be placed into production in the next 14 days

By February/ March ARB will have a larger mining capacity than HUT8.

ARB (now): 645 PH/sec
ARB (Feb): 1100 PH/sec
HUT8: 1031 PH/sec

Https://hut8mining.com/

Average BTC price for the last 3 months:-

Sept = $10.5k
Oct = $12.5k
Nov = $16k

Dec = $19k?

It looks like the average price received for November was just above $16k. December already looking like another step change in the positive direction.

BTC took around 6 - 8 weeks to get moving after the halving.

I expect the same supply/ demand scenario to kick in with ZEC during December.

Looks like are will have 200 BTC at year end with increased production capacity to come online in February.

What does 200 BTC look like in value at the BTC prices I expect for 2021:-

$20k = $4m
$30k = $6m
$40k = $8m
$50k = $10m
$60k = $12m
$70k = $14m
$80k = $16m
$90k = $18m
$100k = $20m

Last comment on the JVs. I think if the Paraguay farm out / JV does not come to a positive conclusion then it will have a negative impact on the share price and may even mean the Paraguay is dead with the expiry date approaching. PL has been banging on for years now about the data room being open... several parties interested... national oil company...

Its time to make something happen with that asset now.

- Based on what we know MDT is a very attractive asset.
- A similar statement could be made about Paraguay.
- Puesto Guardian is also a good asset based on P2 reserves (not so much on production).

PPC has stated that it is seeking JV/ farm outs for all three of the above assets in the last 5 years but nothing came to fruition. At what point do you come to the conclusion that either the assets are not as good as PPC claim OR PPC are not very could at seeking farm outs?

Surely it should be easy to farm out an asset with potential 7.68 Tcf and 194 MMBbl condensate? Why no interest in 5 years?

I too was very excited about MDT many years ago. You have to ask the question though if they were not prepared to drill there at $7.5 / mcf why are they now going to drill it at $2.5/ mcf? There has been attempts in the past to farm out MDT since 2015 with no success.

Argentina
o Exploration of the 7.68 Tcf and 194 MMBbl condensate in 3
deep gas prospects whether solely or through consideration of
strategic partnership / farm-out

https://www.presidentenergyplc.com/wp-content/uploads/2018/06/2015_11_13_Corporate_Presentation.pdf

Quoting a 2012 report that states 67p a share is misleading if you do not take the mass dilution into the equation that has occurred over the last 8 years. If there was so much value locked in at MDT why has PPC never done a JV?