Cobus Loots, CEO of Pan African Resources, on delivering sector-leading returns for shareholders. Watch the video here.
Do you actually have any idea as to what coin mining involves? The GPU array systems we experimented with for Bitcoin 0.x and comparable versions are long obsolescent, not least because there are only a few companies, such as China, where electricity is cheap enough to make them viable. To pick one example completely at random, the a look at some of the dedicated hardware solutions discussed here. And remember this is just the first example I found at random. https://www.buybitcoinworldwide.com/mining/hardware/ Yes, do your own research and see how short a time it takes to discover that Bitreturn''s proposal just isn't going to cut it.
The fact that Envoy's last posted accounts for 2016/17 showed Total assets $3 Total liabilities $105,723 Might have had something to do with a certain loss of faith in their viability. Posted a day or more ago but obviously nobody is interested in research.
Well, I did point out earlier that the technology Bitreturn were using to mine coins - GPU arrays rather than purpose-built hardware - was an old-fashioned technique; the same one I and many others experimented with seven or eight years ago with Bitcoin 0.x. They probably hit the same problem as everyone else, and which many people are only just beginning to realise. That the computational power needed to solve the modern algorithms means you spend more money on the electricity to run the processors than the coins you mine are worth. I don't know how many times I'm going to have tomsay this, of how many different ways I can put it.
Dave, last three or four posts where I've drawn something to your attention you've called me John! I presume this is just a Freudian slip? As mentioned I'm having a bad time at the mommment and flare-ups usually last a couple of days. It's taken me nearly ten nminutes to type this post. So I'll have to leave it to you to look into what the deal with Mittens is about. Sorry but I hope you managed to get to the bottom of what's going onn. Have a good Christmas.
Looking into the press release posted here by Doc concerning Black Cactus and WOW, the only new name featured heavily apart from Lawrence Cummins is John Mittens, WOW's CEO, who will be retained in the new venture. Mittens is described as the founder of "highly successful start-up ventures" including the "largest fibre optic network in Europe". It's hard to find anything on the internet as this seems to go back about 20 years. However, this does match the description of his company Interoute and its fibre network I-21, which went into liquidation in 2002, causing some aggravation. There's a reference to it here: http://www.lightreading.com/messages.asp?piddl_msgthreadid=46342&piddl_msgorder=thrd Let's hope his business acumen has improved considerably since then.
Dave, there's another domain which has been used, pyxpay.com. I thought it would be worth following up as I have a vague recollection that when I was working in this field, Pyxpay was one of the payment processing/merchant services account providers along with the likes of Worldpay, Sagepay, Amazon and so on. I.e. online retailers wishing to take credit/debit card payments could sign up with them to handle transactions and transfer the payment to their bank account. However, I can't see any reference to them before 2014, which seems later than I remember. I'm having something of a flare-up and I'm not in great shape to do anything much this morning; have you been able to find anything earlier for them, please?
I don't feel any anger Beyonce's certain frustration over your determination to keep making the same accusations about me over and over. And I don't care whether you go on investing or not. Unlike you, I've never accused you of any ulterior motives or telling lies; I've not made any ad hoc posts about you. Every post I've made that's addressed to you has been in response to something you've said directly about me, mostly highly derogatory if not downright offensive. That's the reason I feel sorry for you. It must be pretty sad to instinctively mistrust anyone who doesn't absolutely agree with you to the point that you have to resort to utterly groundless accusations and insults. Every other post I've made has been simply a neutral report of facts about Milestone and associated companies. There clearly isn't any point in trying to carry on any kind of conversation or debate with you, but as I've said before, I wish you all success with your investments. Goodnight, I'm off for a break.
You accuse me of being a liar and challenge me to explain why I'm here and what I do. In spite of your attitude I answered your question politely and explained myself, as you supposedly wanted. But yet again you respond by throwing around more insults. When you consulted your investment advisor, did you list all the facts we'd found and tell him the truth - that you had been totally unable to dispute a single point we'd raised, so you just kept flinging insults in the hope we'd go away and not discover anything else you didn't know about?
Tony, "how did I fall on this one". As I've said when challenged on this before, I've been scanning through about a dozen of these boards for several months on here and about a year on another investment site. It's just one of the things I read to keep my mind off things and by no means the most important one. I take a far, far more active part on sites to do with environmental sciences, microscopy, local history, archaeology, friends on Facebook and the like. Although as I'm no longer affiliated to Imperial College I don't benefit from all the subscriptions to freshwater biology libraries I used to have. So the avenue to my greatest passion is much more limited. It's just that because we both happen to be on this LSE board, it's where you happen to find me. Anyway, if a company is trading normally, with nothing to draw anyone's attention to it, then quite obviously it's not going to be very interesting to read about. However, if discrepancies arise, it piques my interest and I'll look at it in more detail. In the case of MSG, someone posted an investment report that seemed to be incredibly gushing and emotive, nothing like any of the reports I'd seen before. So I searched for it on Google and found that, while the introduction could be found on a legitimate site under the author's name, the rest of the report, about Milestone, was fabricated. So then I started reading the board in more detail, and did some more research into Milestone. The more I read, the more discrepancies I found between what was claimed on this board and the real situation within Milestone. If I'd found these discrepancies in any other company, I'd be doing my research and posting the results on that board instead. It really is as simple as that.
Doc, as I've made perfectly clear, it was people's interactions that got me interested in looking over the boards in the first place. Once I found what was behind the disputes that arose with some of the companies, researching the stories behind the companies themselves became a much more interesting and involving challenge. I still don't care whether the company comes out whiter-than-white or somewhat dubious. It's purely and simply the research keeping me occupied for a few hours that causes me to take an interest.
Tony, if you'd taken a few seconds to look before posting, you would have seen that I was off, mostly asleep, from midnight until 2:30 this AFTERNOON. I posted three or four findings I'd made, then was off again for three hours until I posted a couple more facts. Just why are you so intent on posting lies about me that can only be aimed at discrediting me personally? I've never intended the same towards you or any other investors, just posted the results of research into the companies involved in this group of deals. You also keep saying I must have an interest in the shares. Let me reiterate one of the very first things I said on this board, long before shares became any kind of an issue: "If I were to take an interest in the shares ..." The answer is inherent in the grammar. "If I were" being counterfactual subjunctive, i.e. something that simply isn't going to happen, as opposed to "If I was" as a past conditional, being an event that could well happen.
As recently as July 2017, WOW posted accounts for a dormant company. Yet just a few months later it's a leading company with $2m worth of exclusive intellectual property...
Errrrrrm, MSG investors having been telling us all along about the amazing expertise and trading history Black Cactus have in payment processing, card programmes, block-chain technology as world leaders etc. etc. Would any of those people now care to explain why it has suddenly seen the need to acquire a UK company which does exactly the same things BC have supposedly already done for themselves? The idea of synergy in corporate mergers or takeovers is to find a company whose areas of expertise can fill in the gaps in the first company's offerings. Not to be absolutely identical.
Yes, that article keeps being posted and, barring a few errors of fact, it's a reasonable summary written by a financier, from a financier's perspective and with the limitations of a financier's viewpoint. It takes no account of any of the technical issues computer technologists, mathematicians and, at the sharp end, IT managers have to address to implement block-chain ledgers in the real world. Donald Trump has announced the US is going back to the moon as a springboard to reaching mars and the asteroids so they can gain a lead in mineral exploitation. All very well, but he's not the one who actually has to build the spacecraft to do it.
Regarding the belief in the unlimited potential of digital currencies to replace existing central-bank currency. How many are aware of the calculations (made by people with no vested interests either way), showing that the computing power used to calculate Bitcoin hashes already uses more more than a number of entire countries? And that to replace national currencies, they'd need more power than the whole world currently generates? Justine basic example: https://www.theguardian.com/technology/2017/nov/27/bitcoin-mining-consumes-electricity-ireland
Isn't anyone just a little bit concerned that Envoy, with supposedly such a rich experience and history of block-chain technology, and who are taking nearly 30% of MSG to cement their joint venture, has a net asset value of $3. Not millions, not thousands. Dollars. And as for MSG being a leading early adopter, block-chains as a concept go back to the '90s. Bitcoin was the first large-scale implementation eight or nine years ago. And MSG are just getting round to working out how to plug into somebody else's ledger. Hardly earth-shattering.
Jungmana, as per your 07:23. Do you realise you've revealed the secret of the path to Untold Wealth? All a company has to do is double the number of shares in issue, and its market capitalisation doubles! I think you're actually aware of the flaw in that idea, yet you use it to explain why MSG is potentially far more valuable than it appears currently.
Tony, sorry for the misunderstanding. I never suggested you had any part in, or supported, the malicious post from Craig, but I had thought that you were alleging my reaction to it was 'proof' that Dave and I were the same person. I don't know how often I have to go on saying that in the abstract I really don't give a d**n about the share price, except that I would be upset if anyone lost money because something I discovered caused the share price to fall. I don't live in La-La land though, and the notion that one person on here could have any influence on the share price is just absurd. Unless that person was Gerald Rather, I suppose. Genuine apologies if you thought I really was associating you with the post from Craig.
Typo again: "That's not something you can take" should have been "That's not something you can take".
Don't talk such rubbish, Tony. If I see someone threatened then I'll speak out about it, no matter who it might be. I would have said just the same kind of thing if Dave or anyone else on this board had said that against you. This isn't about taking sides in an argument, it's about threats and the law. As to identity, is there any slight resemblances, for example, our writing styles? I'm far more verbose and use very different grammatical constructions from anyone else on this board, as we all do. That's not something you can take, especially for something as incredibly trivial as posting on s bulletin board. Please come out of your fantasy world.