Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
Interesting views of seasoned old trader on Bitcoin and parabolic advances... about 25 mins in.
https://www.youtube.com/watch?v=fRJR-Vzpawo
This really isn't a big deal to existing holders.
On the debit side we are diluted by 3.7% (13.6/368) M shares = 9.17p per share
On the credit side we have £26.8M of extra cash on the balance sheet, 26.8/382 = 7.01p
I'm not going to lose any sleep over this one.
I had a lovely diversified portfolio at the end of last year, with an expectation of making 20% in a good year.
Shares like this are once in a lifetime opportunities, so the portfolio is now 75% Arb, 25% MSTR.
Everyday I see people selling their shares and think, what opportunities have you found that are any better than this.....
Summers , Pedrobull, likewise i've been investing since the early 80s privatisations, tell Sid and all that nonesense. I remember doing well on those utilities, who didn't as they gave them away. Then i got 20% of my portfolio wiped out when Coloroll went bust and learned my first investing lesson, beware charismatic CEO's. Argo is the investment of my lifetime. I went down the rabbit hole researching Crypto over the New Year holiday. Argo, was clearly the most undervalued miner in a sector leveraged on the price of Bitcoin, which is guaranteed to rise in the current Macro environment.
On the first trading day of the year I sold 2/3 of my portfolio of stocks that I really liked to buy Argo and Mstr and I find myself up 4x this year and rapidly approaching 7 figures. I feel so lucky to have found Argo and will use some of my newly acquired financial independence to help out some local charities and projects, as well as that 911 turbo!
Well done to all holders, especially as it it did get slightly concerning when the price dropped to 65p,;which now seems ages ago.
Continue to hodl.
I set up a cashflow model based on the daily price of BTC and Argo mining rate of 3.1 BTC / day in Dec @60% efficiency, then added 25% for Zcash (= 20% of total revenue according to a post I read on this forum). That got me to $1.6M profit ($1.63M was reported for Dec so I'm happy with that.
For the first 10 days of 2021 mining at the same rate of 3.1 BTC/day, @70% efficiency we already have a profit of $0.98M, that would equate to ~$3M by the end of the month all else being equal (which it won't be).
This is all before the new Hashrate comes on stream, starting at the end of this month.
IMO this is looking pretty good DYOR.
Thanks for the detailed info you have been sharing from your spies, it adds to the confidence which way this is going.
I was reading your post from Monday regarding the reduced volatility in BTC in recent months. Undoubtedly large US institutions re buying this up on any dips and smoothing it out. Last year it was Saylor, Ruffer, Paypal , Grayscale and Square. Now Gugenheim and Scaramucci plus others are jumping aboard.
I only noticed this this when it spiked up around Christmas. I did alot of reseach over new year and splurged in on Monday.
Sitting on 100% + already.
I also bought into Microstrategy Inc as a steadier play on the BTC price, up 25% so far this week.
Keep the faith.