Ben Richardson, CEO at SulNOx, confident they can cost-effectively decarbonise commercial shipping. Watch the video here.
Tick tick tick tock
Bitcoin doing well thoughâŚ
Stamp collecting, train spotting, weddings and funerals? lmao. As with most actively managed funds, I suspect this will underperform a plain index tracker over the long term, especially when taking into consideration the 1.3% in management fees which seem very expensive.
Last chance to buy Argo and make back losses incurred from Stanley Gibbons
Pearls, these are last remaining chances to buy into Argo before it leaves the station. Tension is building in the charts, can you feel it? Entering what historically has been the strongest period for both Bitcoin and traditional markets, Bitcoin is creeping closer and closer to all time highs and it's time to pay attention to upcoming positive newsflow which will act as rocket fuel on the journey to da moon.
Bitcoin futures ETF approved and likely more to come over the next few weeks including a spot based one. Earnings reports from tech companies likely to announce Bitcoin on their balance sheets joining the likes of Tesla and Square and other forward looking companies. I wonder which country/government will announce news of Bitcoin hodling/adoption such as Bulgaria, Ukraine, El Salvador and Georgia? Which financial institutions/ heavyweight money managers will be announcing their participation in the space and recommending Bitcoin as an inflation hedge giving further legitimacy and exposure to the asset class? What impact will a positive tweet from Elon Musk have on the Bitcoin price?
Facebook have already announced particpation in the metaverse, Bank of America described crypto as "too big to ignore", Gary Genser said Bitcoin wont be banned, Putin says Bitcoin is of value, plus loads more I forgotten...
To think none of the above will have a positive impact on Argo and other Bitcoin miners and other crypto related stocks is silly. It happened earlier this year and will happen again irrespective of current perceived fundamentals. Humans are predictable. All the finer nuances of stock evaluation will be overtaken by animal spirits and overwhelming emotions of greed and the fear of missing out. Retail investors seeking a Bitcoin proxy will plough into Argo and lifting SP prices higher than what many have calculated on their fag packets. This will be further exacerbated by technical factors as algorithmic bots begin buying, amplifying FOMO from not retail investors and nut newer entrants chasing the green/blue candles. As the 'quiet period' for Argo comes to an end, expect a string of positive announcements to help pump the price on Nasdaq (Global Select Market no less - of which there is only one other established miner in the same revered category. Hut8 is that miner - have you seen their chart recently?) It's all happening. The fundamental, technical and sentimental stars are aligning. And absent of any black swan event from now until year end, the hidden hands which guide the market will ensure it cannot be stopped. Bitcoin, Argo and Pear are going to da Moon. Are you coming or not? Do you hate money?
Clam Island allows Pearl NFT to be redeemed for real-life pearl necklace from Tiffany & Co valued at up to $10,000:
https://m.marketscreener.com/news/latest/Clam-Island-allows-Pearl-NFT-to-be-redeemed-for-real-life-pearl-necklace-from-Tiffany-Co-valued-at--36628648/
This NFT meme is quite fitting for all the SGI bag holders!:
https://dontbuymeme.com/nifty/heavy-bag-u67otred
"However, there are now endless examples of folk buying NFT"
It's worth remembering if it wasn't for the success of Bitcoin, NFT's, including the Guiana Magenta version, would likely never exist. Furthermore, in my view, the increased activity and interest seen in the NFT space is highly correlated to the current sentiment of Bitcoin and it's bull run. If Bitcoin was in a bear market, it is unlikely some of the NFT digital art being traded today would reach such lofty valuations. Indeed if Bitcoin was made illegal and crashed to $0 like Pearls predicted, I suspect sentiment towards all things crypto, including the Guiana Magenta NFT would plummet too. So don't bite that hands that feeds you, Pearls! Not that SGI is giving you much food...
Bitcoin is now $62,000 and Arb is showing sparks of life. Seemingly Arb is waiting until Bitcoin reaches all time high before itâs allowed to run.
Pearls, itâs not too late to open up a small position in Argo, and Iâm sure by year end it will compensate for any SGI losses.
Just as an aside, the Arb board seems to be full of impatient whingers at the moment, crying about Argo not keeping pace with Bitcoin. Whilst I think you have got it wrong with SGI, I respect your conviction and patience to see your thesis play out.
@misterbeck
Fixed it for you:
Strong = hold and patient
Weak = sell and impatient
Those that prey on the weak = MrBeck + MrsChaebol
If comparing correlation between miners SP and the Bitcoin price, it's worth looking at multiple timeframes: https://pasteboard.co/XBi979lHtZtQ.jpg
Figures are from investing.com and it's clear that Argo has been underperforming Bitcoin and other miners within shorter time frames (1 day, 1 week and 1 month). People who focus on the short term are correct - the 'correlation' is not there.
Over the longer time, Argo has outperformed Bitcoin and is one of the top performing miners on a year-to-date, 1 year and 3 year basis. People who focus on the long term are correct - miners offer a leveraged play on the Bitcoin price.
So I guess it depends on how people want to look at things. Nothing wrong with traders who focus on short term price movements and nothing wrong with investors with a longer term horizon. Both have merits depending on one's personality and objectives. What is wrong is the assumption that miners are a perfect Bitcoin tracker, mirroring the price on a minute-to-minute basis. No one ever said this was the case, but some have expectations for it to be true.
Stanley Gibbons, the rare stamps and coins dealer, has put its American division into administration after a dispute with Stella McCartney.
The fashion house, which trumpets its ethical ethos, closed its boutique in Manhattan in April last year and stopped paying its landlord, Stanley Gibbons. The stamp seller had sub-let the property on Madison Avenue to the fashion label and was out of pocket to the tune of $1.3 million (ÂŁ942,000).
After failing to cut a deal with the shopâs owner, Stanley Gibbons requested Chapter 11 protection for its US subsidiary, Mallett Inc. This pauses a companyâs obligations to creditors, allowing it time to sell assets and restructure debts.
Stanley Gibbons said it had reached a âsettlement agreementâ with the fashion brand last month, but did not reveal the terms. It failed to secure relief on its rent arrears and could not negotiate an early termination of the lease, which runs until 2027. Stella McCartney has been renting the shop from Stanley Gibbons since 2016.
Graham Shircore, 39, Stanley Gibbonsâs chief executive, said it retained the support of its main creditor and hoped to complete the US bankruptcy process âas swiftly as possibleâ. The company had acted to âprotect the groupâs remaining assets and minimise the future liabilitiesâ, he added.
https://www.tribuneindia.com/news/amritsar/no-more-takers-philately-losing-its-charm-to-digitisation-324198
Once a popular hobby, stamp collection is no longer a fad among the youth. It is clear from the Amritsar Philately Club (APC), which has less than 20 members. Formed in 1974-75, it initially used to have 80 to 100 members.
âYoungsters are no longer in touch with any such hobby. They hardly know the price of a single postcard.â
With earnings season in full swing, I wonder how many companies will be declaring purchases of rare stamps to shore up their balance sheet. I'm not sure, but I've a small feeling some well known giants will reveal they bought some Bitcoin which should act as a nice FOMO accelerant in the journey to $100,000.
Bitcoin now less than 10% away from all $65,000 and when it hits, a bunch of money thats been waiting on the sidelines waiting for all time high confirmatiom will plough back in driving the price higher in a short space of time. $70,000...$80,000...$100,000. Bang bang bang. Clock is ticking. It's only a matter of time.
Too much recency bias/short term focus towards Argo. And Bitcoin too. A growing number of folks online are now calling for $100,000+ BTC and a journey to da moon. Make sense given Bitcoin's recent price action. But rewind back to May/July when BTC was dropping to $30,000 and many had turtle heads popping out from their bumcheeks worried BTC would continue crashing towards $10,000...
Say what what you want about trolls/derampers or whatnot. But they understand a few things: They understand VALUE - preferring to buy an asset when cheap. They have CONVICTION in their investment thesis with a belief the asset they are accumulating will eventually move higher in value. They have DETERMINATION. And most of all they have PATIENCE. Probably some lessons there. Or not. See you on da moon.
https://honisoit.com/2021/10/the-art-of-queer-stamp-collecting/
Pearls, do like collecting queer stamps?
Yes I remember when Pearls said BTC was going to drop to 20K, how the bull run was over, how crypto was going to be made illegal, blah blah. He got it wrong because he lacks understanding/experience of the industry. Itâs sensible for people to refrain from repeatedly expressing strong opinions on topics they are unfamiliar with, but yet now he is talking about the demise of Argo again. Some people never learnâŚ
Pearls youâve had your time. These next few weeks and months will be glorious for both Bitcoin and Argo. Watch and learn old chap, youâre going to be in for a big surprise.
Hi Pearls, as I told you probably about 10 times now in the Argo chat - I will see you at BTC $100,000. As for Argo, wait until end of year (Nov/Dec) before passing judgement please. Youâve been utterly wrong on Bitcoin in the past and youâll be wrong again on Argo.
Regards
Lunq
https://www.msn.com/en-gb/money/other/stamp-of-disapproval-green-fashion-queen-stellas-firm-in-rent-row-over-stanley-gibbons-manhattan-store/ar-AAPfDRN
The world-famous coin and stamps company has been left out of pocket after a rent dispute with McCartney's business, which had been sub-letting a shop from Stanley Gibbons on Manhattan's s****y Madison Avenue.
Under an agreement in the summer, McCartney's firm paid part of the bill.
Nonetheless, Stanley Gibbons said last month that the shortfall had pushed one of its subsidiaries in the US into administration.
The settlement with Stanley Gibbons is understood to have been significantly less than the full liabilities over the lifetime of the lease, which runs to 2027 and not enough to satisfy the stamp company's liability to the ultimate landlord, the wealthy Goldman family.
As a result, Stanley Gibbons had to put its American offshoot into a bankruptcy protection arrangement known as Chapter 11.