The latest Investing Matters Podcast episode featuring financial educator and author Jared Dillian has been released. Listen here.
Harchris ... like your thoughts ... what I would say about miners is: it's pretty unique to find an industry where the business only has 1 revenue line, and they refuse to accept that single revenue line as payment (instead HODL in this case). In other industries, businesses would have to 'subsidize' such as lack of cashflow with a secondary revenue line which keeps the lights on ... i'm surprised the miners aren't all branching out a LOT more to earn revenue in other ways (which avoids the constant dilution). In our case: we've got the hoodies and the coffee mugs and merch, but not enough:) Also, Pluto and these things are not cash generative ... this is the weak point for miners. An to extend this further, when you look at the major cost item here (buying rigs), there has not been enough innovation from miners around how to pay for this / leasing / partnerships / JV etc. A lot more can be done to think about avoiding these huge dilutive events. It's like being a property owner with a bunch of properties that are standing empty and we are purely banking the increase in the resale value in year 10. - that's essentially what's going on here.
I think November may offer it ... Nasdaq is not going to like the September numbers ... and if there's a pullback in BTC in next month or so, could easily see sub 1.10 ... longer term definitely above 1.50, but may have to go down first. If I were a holder, I wouldn't sell, but for new investors it may be best to hang tight.
Yes, presumably the SFO is a little embarrased that after 4 years they only have a small (!) fine to show, having promised the Treasury there will be a big number coming ... they now have to say they continue to investigate to tell their interiors there is somehow more to this story, and more fines coming (albeit not from Company, but from some individuals). It's simple - the SFO story is over. Move on.
hi all - what is the cash position here, and realistically how do they pay for fines (albeit the fines are relatively small)? How well is that covered? Even with contract wins, there is a delay in revenue (cash coming through)? Thanks (and PS I have read the reports, but interested to hear if others have an up to date view).
Per the RNS: what does this board in its infinite wisdom think of bitcoin its pumping? Is it around ~270 BTC in November then? Oh and i humbly ask for forgiveness in advance for offending anyone given I typically get my head bitten off in this board for just about anything.
Personally I reckon we can restart lending in 2021. There has been many months of work with FCA in the background. We know what they want. We can get in front of the judge by early December. Pretty sure Amigo is ready to re-launch IMMEDIATELY when they have go-ahead (assuming of course the scheme is approved).