Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
since Argo definitely used "cheap electricity" & "some of the cheapest" electricity available, as a main selling point when presenting the Helios project to investors & shareholders, I think it is mandatory that they provide clarity on this topic ASAP. IF the avg. price for power is about .02 cents for 2022, then the current spike, although unnerving, can be ignored; but the company needs to confirm this.
PW has, on many different occasions (Q&A, investor presentations) repeated the "0.02 cents" for electricity at Helios line. It now seems that this statement is/was, IMO, misleading. I'll bet that "**target cost rate" was buried somewhere in the small print.
https://www.texasmonthly.com/news-politics/texas-bitcoin-mining-solar-power-grid/
thanks for the details Hexam; I was alluding to this, since ARB has continually hyped: "95% of machines paid for", etc. This may be the case, but who owns the title to these machines / how many of these machines are "encumbered".....
exactly Rookie; that is the point. PW got everyone "hot and bothered" in the May update, when he confirmed the "dismal" BTC numbers were due to Terra Pool & "Probabilistic outcomes" (as well as downtime); In June there was literally almost no improvement (if you look at no. of BTC per EH), considering the new rigs that came on-line. PW elected to say nothing, but he certainly knows investors can connect the dots. As of late, In my opinion, PW likes to high-light the easy-wins, and remains silent about the real issues, although he knows "we" are watching.....it feels almost insulting. Does he think we have forgotten what he said in the May update..?
double digit % gain, today, OK. big deal. I am not a day-trader, so I could care less.
coolmax: I would like to know which miners are "double digits" at the moment...?
Does anyone think, that after the "events" of the past 8 weeks, that a sane investor would take this (current Pluto sales-pitch) seriously...? shaking my head....:
hey hey YOPie
Your weekly on-the-run YOP news, coming up:
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Some of our vaults are bidding their time while others have started filling up fast.
Here is a preview of the current APYs across each of the vaults:
--- BTC: 4-32%
--- ETH: 9-42%
--- USDC: 12-32%
--- USDT: 12-27%
--- DAI: 12-30%
Gas fees are super low right now. The best way to experience the power of YOP Finance is to try the product for yourself.
Go on and make your first deposit.
Wayne: everybody has an opinion on the BTC price, just like everybody has an ***hole, as the saying goes.....
LA - The post from Rookie was well-welcomed. A reality check. PW is / was obviously limited wrt what he confirmed during the Q&A due to the disclosure rules, which he himself said. However, as you very well know - there are several blokes who post on this board regularly who have recently raised very important concerns about the ARB balance sheet, and more importantly the missing details wrt the loans / debt. There are many "moving parts" wrt the financing and most of us "old timers" feel it almost insulting when being repeatedly told that it is "all good" and "PW said so during the Q&A", etc. Although the current situation is not a cause for panic, it is, IMO, most certainly NOT "all good". The company needs to treat us shareholders like intelligent adults and give us the "true gen".
"Could this be the fabled rise to new heights? Here's hoping"; unfortunately, not.a.chance. After the next halving, who knows; but this could still test the June lows, according to many.
"haha", etc., is the perfect call-sign for the guy - literally, laughable......
LA - Personally, I do not like this; I am not drinking the kool-aid in your post. Any amateur ARB-bear could poke huge holes in your claims. I am not a bear, but I much prefer a no-nonsense dose of reality, instead of wishful thinking. "keep it real", as they say. please!
PI: "The big miners know this, that’s why the hodl"; many of the "big" miners will be forced to sell their HODL to pay the bills. FIAT is king at the moment.
just watched the post-AGM Q&A. 1. PW hair looked like sh*t. 2. ARB finances are fine. 3. Helios: all good, so far. 4. June operational update next week, including so additional details about Helios ramp-up.
denis - on what are you basing your comment on Riot? From a balance sheet perspective, they look much better than the other listed miners.
Herdie: "Like the Wizard of Oz on here this morning ;-)"; let's hope that PW does not end up getting exposed, like the Wizard.
am glad these twitter & youtube dipsh*ts are being called out. Many retail investors, especially in the US, are not too sophisticated and might indeed "take the plunge", based on these types of fraudulent, IMO, "expert analysis".
thanks. according to their county stats., Dickens county is considered a "moderate" risk; they average 2 tornadoes a year. Not trying to spread FUD, but considering what has happened to mara, all potential risks should at least be "put out there".
my god, what are the odds of a twister wreaking havoc on Helios....that would be "all she wrote"!