As long as gas prices keep rising, all we are doing here is buying cheap shares. I wonder if the gas price will get above 150p per therm this month. My guess, gas prices will be above 300p per therm by December. Imho
GLA
I’ve topped up loads also Coldspy, I’m also very confident.
Gas prices are rice (p/therm)(pence per therm)
119.29 last time I looked. Roll on Winter.
Just keep you eye on gas prices. Winter is around the corner, Ukraine war is in full swing. I’ve loaded up loads of these cheap shares. Gas prices are going to get this company out of this mess, in my humble opinion.
GLA
This is the bit that interest’s me;
“ By exchanging $417 million in Notes for $329 million of equity (c. 31.7 million newly issued shares), the Company captured an $88 million discount and removed approximately $13 million in future interest payments on the retired notes. In total, this transaction resulted in approximately $101 million, or $0.55 per share, in savings. For the first time in two years, Marathon’s combined cash and bitcoin holdings now exceed its debt outstanding.”
$88 million discount and removed approximately $13 million in future interest payments on the retired notes. Looking like a good deal to me!
Hi Dagenham, we MARA fans are here for the long game, you just pray there is a bull run in the next 12 months otherwise all your crypto enthusiasm will be going down the drain. MARA, RIOT and HUT will make the next 12 months , for the rest of the miners I will reserve judgment, time will tell, hopefully clsk makes it.
All the best my friend.
I Fooking did it again. I sold all my crypto stock plus btc, made life changing money, went on holiday, promised my self I will never plough it all back in and what did I do, I ploughed it Fooking back in lol. Every day my profits are dwindling, all I need now is Mara to drop down to three bucks so I can start crying.
mara is slowest off the blocks. i’m really surprised but that is the crypto game. how is your 190k steve? your brother hasn’t lost it all has he? make sure you physically check, don’t just take his word for it, all it will take him is to get a bad habit and all the money has been spent on *****s or gambling or drugs or everything mentioned combined.
it happens!
Anything is possible with btc, especially with this war going on. A huge crash is possible and a huge rise. Hedge your bets accordingly.
Imagine if btc is stuck around this level for the next twelve months, most on here including me, would wish we never heard of crypto lol.
I’m surprised with MARA’s drop today. All of my dry powder is in now. Let’s see what happens now.
Good luck all
I know one thing for certain, the minute I sell all my crypto stock, the bull run begins. :-)
These articles are full of shei--t, one month they are bullish and the next the sky is falling down.
To be fair, MARA’s debt was huge, if btc dropped down to 10,000 dollars, mara’s hodl seems like nothing. Good move in my opinion, as long as MARA keeps mining and growing that hodl, we have a champion ladies and gents. Loads of miners are going to struggle, if there is no bull run in the next 6 to 12 months. Bull run isn’t guaranteed next year or year after.
IMO
Lol Dagenham. I like you. Keep up the good work.
I’ve just bought more MARA, I also think most are not understanding and think it is bad news, where as it seems like good news to me.
HC, that’s how I’m reading it also.
Stnz, Hc, Surely that can't be right $15.9 a share?
Hi dagenham, I paid around 11.05. I thought it was a good price at the time. How long do you think the bear market will last?
I don't think we are in a bear market mate, I think this is just a little pull back before the bull run begins in the next few weeks. I could be wrong. We will soon find out.
I should of waited, it’s dropped more. Never mind, I still have a little powder left. I believe, this drop is over done, we will get the full details/reasons of this early debt repayment soon. My guess is, it’s due to Fred thinking, with most of the debt paid and MARA’s huge hodl, Mara will become a very desirable business to JV with or buy out, with the big boys, who are looking to get into the crypto space. Let’s see.
Picked some more MARA up on this drop, hope it doesn’t tank now. I think the timing of this is wrong Chaebol, MARA should of kept the ship steady, 2026 is far away.
Hey Chaebol, very odd indeed. What are you thinking? Short riot?
Looking like a big spike, gas prices are slowly creeping up.
GLA
Hi Chaebol, hope you are well mate. I’m also curious, why riot are losing so much money, when they have such a good electricity deal. It doesn’t really make sense. Unless they have employed PW, then it makes complete sense lol.