Member Info for Brasso3

I have recently opened an account with Kinesis Money. I have to say its a far superior way to hold digital gold (and silver) to Tally.

https://kinesis.money/

The people behind this business have much more credibility than CP and co. I would never be able to trust the Tally product after how they have treated share holders.

The Argentine government has always capped the price of oil so PPC would never receive high prices such as $100+. Another reason why PPC need to diversify away from Argentina.

How much interest on loans have we paid during the period since the Rio Negro purchase in 2017? :)

I think 2021 could easily see an average BTC price of $50k over the year. Based on previous performance assuming we now mine 200 Bitcoin equivalent coins a month, that would be annual revenue of $120m!

200 x 12 x $50k = $120m

Last 6 months production figures:-

June - 180 BTC
May - 252 BTC
April - 319 BTC
March - 333 BTC
Feb - 337 BTC
Jan - 247 BTC

Some FDBK coverage from 17 mins:-

****************************/series/daily-podcast/

We have seen from ARB communications and the web page that they also mine Ethereum and Zeecash as well as Bitcoin. They have all performed well in the last month but the altcoins are ahead of Bitcoin.

BTC +23%
ETH +43%
ZEC +40%

Bitcoin (BTC) Bear Goldman Sachs Seeking Engineer With Ethereum (ETH) Experience –

https://www.newsbreak.com/news/0Pd0eqHe/bitcoin-btc-bear-goldman-sachs-seeking-engineer-with-ethereum-eth-experience-heres-why

Just the fact the a large company like Fidelity are buying a large stake in a crypto miner should be a sign of what is happening. There are additional benefits of holding shares in a mining company over holding crypto direct. With a miner you get leverage on a potential future price increase on BTC etc. You do not have the security concerns with coin exchanges etc. In the UK you can benefit from holding within an ISA and avoid CGT.

Follow the big money!

https://news.bitcoin.com/fidelity-acquires-10-stake-in-bitcoin-mining-firm-hut-8/

Decent buying into the close yesterday.

437,620 at 2.2719p (£10k)
300,000 at 2.34p (£7k)
500,000 at 2.33p (£12k)
453,543 at 2.2075p (£10k)

https://kinesis.money/our-story/

Needed a rest today I expect.

A close around 1.2p would not be a bad thing going forward.

The next resistance level is 2.1p.

I think even a conservative JV at Creswick or Baileston for say $2m - $3m for say 50% would be enough to double the share price here. More importantly those kind of funds should e sufficient to get to a serious JORC figure.

Some large buys showing up now:-

1,428,531 at 1.276p (18k GBP)
1,000,000 at 1.29p (13k GBP)

A couple of large buys late in the afternoon yesterday.

1,428,531 at 1.139p (£16k)
1,152,631 at 1.075p (£12k)

What is the latest on the 1000 BOEPD of extra gas production as per the 12th March RNS? I recall it was delayed until July but cannot see it in the recent RNS.

'President reports that gas production from Rio Negro is now in excess of 1,000 boepd (6 MMScft/d) and building. President reiterates that it is on target to achieve 2,000 boepd (12 MMscft/d) of gas production by the end of H1 2020.'

It is also strange the RS did not mention this additional 1000 BOEPD that was planned for H1 2020 in his recent presentation?

https://www.presidentenergyplc.com/wp-content/uploads/2020/06/200623_PPC-Presentation-v3-FINAL-RED.pdf

Unfortunately, a good prospective resource alone does not make a great company. This management team has failed to deliver to current date. Hopefully a strong JV can be done to move this forward and establish a JORC compliant resource.

If the resource is so big why do Craig Brown and David Tang only own 1% of the stock?

Talkingsense

The below statement you make is a contradiction with your username! To make a suggestion like that is beyond ridiculous!

"From memory I think Craig Brown said there was potentially 5 Billion oz at Creswick (someone please correct me if that is incorrect)"