Member Info for HarChris

No Cindercone you aren't supposed to be excited by Bushveld hitting targets but it is disingenuous to focus on historical missed targets vs present successfully hit targets - the best the company can do now is recognise the damage that missed targets have had and work extra hard to a) set realistic targets and b) meet those targets.

For many consecutive quarters this has now been achieved and it will in time significantly boost sentiment if they continue to be achieved going forward.

That absolutely must give an insight into the company finances as that's roughly 15% of the HODL sold in one single month with bitcoin at around the 18 month low.

303 BTC/BTC equivalents HODL less than the month before - is that the biggest drawdown we've ever seen?

I get that zcash has fallen and some is going to Argo Labs but that's quite a steep drop for a single month.

BC - yes because bitcoin is down but also nasdaq futures down.

For now traders are going to stay away from Argo when the likes of Riot are valued just a few times what Argo is and are averaging 500 coins a month - if BTC were to start ticking up towards $35k those already producing huge amounts of BTC are well placed to take advantage.

Really? Monthly updates are usually on the 4th or 5th business day of the month, this is the second day of the month so I'd expect an update Wednesday.

Well obviously anyone sitting at a loss wouldn't have bought in when they bought in, they'd have put all their money in something that rose 500% with the luxury of hindsight and moved it all into BMN today at 8.9p.

That's not how investing works though, you pay your money and take your chances. So far for most of us this has been disappointing but those that believe it will come good are sticking with it.

What would you have rather come back as? A duck? Perhaps a squirrel?

Saylor claims MSTR's bitcoin won't be liquidated below $3500 but let's be honest, that's bs. MSTR are in a world of trouble if BTC falls as low as ~$15k for an extended period of time.

Sure Argo are mining about £48m ($60m) but that isn't net profit, you seem to be forgetting about all the costs that go into a mining operation - in fact at $30k some on here who have done the maths think Argo is loss making.

$30k is not good for Argo at all - it's high enough for all the other mining projects globally to continue which pushes global hash rate up and up but also not enough to be making a good profit (and even with Helios won't see a humongous net profit).

Argo will benefit either from BTC below $25k for a sustained period (as it is able to continue mining whilst others switch machines off and delay expansion plans hence mining considerably more bitcoin) or a return to $45k+ BTC

I've not been the most enthusiastic of late but this is good news, especially the CE mark for our LFT - not too fussed about the share price for now but pleased that progress is being made behind the scenes.

Crypto certainly appears to be decoupling but due to BTC dominance increasing bitcoin itself is still holding strong for now.

Well it’s tough to imagine there’s many holders who have held through the past two weeks and decides now is the time to sell - it’s certainly a local bottom at the very least.

I do like the risk/reward here though I must say - just bought 285k shares.

That 6.6 million buy was not made before COB, it was evidently made earlier in the day at 3.28p in the hope of this mooning.

Of course you are AB, if that changed i'd expect you to retire this moniker!

Bullish? Definitely not but impressed with how well bitcoin has held up relative to the nasdaq and could definitely see a relief rally this week.

AB, it would take a dramatic and sustained drop in BTC for the likes of Saylor to be forced to dump. That's not to say it's impossible but for the time being we'd need to be looking at sub $15k for things to get hairy imo.

Same goes for many of the miners, as long as we aren't too far off the bottom then this bear market is easily survivable.

Another trashing on the nasdaq well weathered by bitcoin...

Even if what you were saying was true, even if BMN had failed to hit their targets in the past, does that render them valueless now? Does the recent improvement count for nothing? Does the acknowledgement that targets must be achievable going forward and still we are expected to produced 4300mtV this year and be on a runrate of 5200mtV by the end of the year count for nothing? Are BMN, a company with assets worth well in excess of today's market cap and one of the only primary producers of a very important (and growing in importance) metal uninvestable now because some targets weren't met in the past?