Member Info for gspanner

Amanensia,

I just think you should wait a little longer for Argo to get back to par (and probably over). There is then the decision to hold over the immersion commissioning…..

OT
an amazing Gianni Brunelli Brunello 2010 on Friday - stunning, from initial medium body but with lovely tension but grew in weight over 3 hour drinking. Worth seeking out!

BW

Helpful to put the debt facility issue to bed but the issue is now pretty irrelevant given the recent ‘senior notes’ which I assume were issued because the terms were much better than the facility.

Keep the faith Parkboy.

I think your reasoning is sound and you appear to be patient unlike so many market traders these days (as we know 80-90% lose money because you can’t predict the sp of anything short term).

They have made plenty of progress, minor problems/delays are completely normal.

When the herd move it up they tend to move fast for longer than you think…. But it takes longer to kick off than anyone expects.

Fair play… I’ll be quiet - remain committed here. Nice to see some old lags -SS66 etc are keeping the faith!

Yes I feel behind the curve in comparison bit I am hoping to maintain a Rostaing Brune vertical… Had fun last night with Donhoff/loosen/Toole(Clare valley, married to Geoff Grosset) riesling (in my opinion medium/off dry/bone dry) with some friends and a terrific curry. Would love to try some Keller one day!

OT

Crikey Amanesia, you make me feel positively conservative! We should get together and drink some gems. Having spent 30 years working out what I really like I now buy mainly Italian (barolo, Super tuscans and brunello) and N Rhone (esp cote rotie) in the top echelon… I do love Ramonet on the white burg side…

OT

I like wine (>1000 bottles in bond)… Burgundy is pretty easy to understand if you follow the maker and the terroir… And has gone bonkers because it is classic stock to flow stuff. There are some other sought after cuvees, but it’s mainly the DRC stuff that is madness; all sold on allocation with a very limited supply. I once had the pleasure of being given some ‘La Tache’ 1970 and ‘Romanee St Vivant’ ‘76. Lovely but hardly worth their £2.5k/bottle price tag. Each sip £100! And that’s cheap for DRC.

I also think it’s sad that a wonderfully subjective thing like enjoying wine becomes a speculative game… Only buy wine to drink!

Aneargia have raised $175 (canadian I assume) from a recent IPO so have some money to invest.

From last results:

Second Quarter financial highlights:
Revenues increased by $9.8 million to $32.1 million for the three-month period ended June 30, 2021, compared to $22.4 million for the same period the prior year. The increase was driven by activity in both the Europe, Middle East and Africa (EMEA) and North American markets. Specifically, government regulation and incentives in Italy and in California have driven the development of new facilities in an effort to divert organic waste from landfills and produce renewable natural gas.
Net Income was $2.2 million for the three-month period ended June 30, 2021, compared to a net loss of $17.9 million for the same period in the prior year. The significant variance was mainly driven by large, non-cash adjustments based upon valuations of stock warrants and an embedded derivative as well as foreign currency exchange losses in the earlier period.

FWIW Can sell 100k shares for 1.24…So the usual smoke and mirrors at the mo.

That’s ‘sleeping better’ Roger!

Roger,

An interesting opinion of PWs management skills - and I would agree, if you have no faith in those skill you are better cashing up, stepping better and investing elsewhere.

I am happy with him at the helm of this favourably differentiated (defi/green) high margin money generating machine!

"Invinity personnel are currently at site making final preparations for the delivery of the second cluster of VS3s, expected in the near term. "

Yes the big hint IMO is that there is a nice big cash/milestone payment associated with this, movement of a large sum from ‘inventory’ to ‘sales’!

Much as it’s been pilloried a bit, you do get the alpha with Nasdaq, Robinhooders, etc, you never know. I’ll settle for £1.97.

Pop,

the SP was £3 and you didn’t cash out a big chunk. That is your fault, not PWs. Please stop whingeing. Or sell.

DerSack,

you are quite right about the 19.99%, in my enthusiasm for wine last night I forgot about that but it did state 10% in the RNS, so not sure where that disparity ties up.

Can see clearly why owning this one is imperative.

Well only just got to grips with this (albeit after half a bottle of chablis and 2/3 a bottle of brunello….)

So the initial £2.1m buys 39% of the project. Seems like a pretty good deal. This funds the build/engineering/commissioning. The loan £3.3m buys the rest of the project, only we are pretending this is not a purchase but a loan with a 10% coupon - oh hold on, about the IRR for the first 5 years of the project. The loan will not be payed back!

So IMO Eqt will end up owning all of this. Not my favoured option to be honest but their US flagship project - and they went though all the legal **** with those thieving opportunists to get here, so I get it. A working project showcase.

I hope they are taking over much of the management from the local amateur (whilst I am sure they are well intentioned) team. It will be done!

I rather like your comparison to Ceres. My initial attraction here was the revenue model where the development partners pay up front to install the tech - considerably de-risking the thing; whilst at the same time there weren’t any expansive factories to build to manufacture the kit required. Just all about that traction/momentum. Edging closer!

I’m not sure how a purely futures based ETF will really affect the price of bitcoin. Obviously one that is based on buying actual bitcoins according to the overall fund value is somewhat different, but it is the latter that the SEC are not keen on approving.

Surely ETFs that are purely futures based can be used to manipulate the price, as for the pms.

I will be delighted if someone could put me out of my ignorance!

HarChris yes ‘ Argo needs to distinguish itself’

I think Argo does distinguish itself but the market ignores it… And will probably only wake up when some sort of spectacular return is made from the defi projects ( so the market sees the money/management acumen) or the immersion is working and providing margins of 90% and then will be ramped up into the other Texan capacity so sees the money potential.

Likely the former in the near future IMO, but always a surprise near with this one!

Lottohopes,

Entirely agree about that Henry Quan interview, clearly a fiercely bright and enthusiastic character which is why the fit is with Argo rather than others.

Best in class wins in the end!