Member Info for Rzez

Stormer, I assume you're aware there are more ex div dates to come in the future? Odd comment.

Very happy with the finish today. Hopefully we can stay above the 294 price until ex div date. So I can just sit and relax and not monitor the SP. If not another excuse to top up again. Was waiting for it to drop to 274 before final lump sum. But always felt it unrealistic and would have waited me very heavy into this share so much happier its risen to a good price. Looking for a stable 300+ going forward

Lol the_chuz

SP put to the side for the moment as no ex div is coming up soon. I would like to shake the hand of the person in charge of the share buybacks. Really takes some big cahoonas not only to not buy them all in one go when it was announced but to also see that the price was likely to drop and stagger the buys to a possible low point. To then go all in on the purchases. All in us Investors interest. Makes a nice change for a company to think and act on behalf of the share holders best interests.

My theory mostly wrongly Is the following.
Texas facility is paid for by nasdaq
Sell bitcoin hold to buy new rigs. Rent out 25%- 50% of rigs to others
The income from this will pay for the rent etc for the facility and essentially allow us to mine bitcoin/alt for free.
This in turn allows us to be self sufficient without further raises and IF/ when bitcoin becomes too costly to mine we use the power for transactions instead of miming. As we aren't going to out compute the big guns so we have to be more savy. And rely on our low cost of production to be more adaptable than the others.

Again probably not going to happen DYOR

Can't knock them for buying under 290. Seems like great sense to me. Anything under 300 is a good buy in my eyes.

Congrats I'm -0.11% off break even on close. Let's hope miners continue to grow through to the end of October at least! :)

Thanks all. Great posts this evening. Very informative. GLA

Thank you for this link. Nice to have some facts again :)

SD235 my point was it can always go lower than the limit order you set. Or never achieve it. I sold DLG just before last ex div and have been accumulating it on its way down since 300. This has worked out very well. But my point is I'm often checking the prices throughout the day / week and it's still a lot of hope no guarantee it was going to do this. Would have been much simpler to forget about the share for 5 years and just take the divi with no stress or concerns about its day to day volatility. Also I personally find it hard to be happy with a purchase of 300 when I could of picked them all up for 278 the other day. But perhaps that's just me always wanting better. As I said much simpler to invest and forget. DYOR

Depends if you want an easy life. Sitting taking dividends is much easier. Selling before ex div can work out better but requires patience and continual checking for a good entry point back in. You can use limit orders but may find that the price dipped lower than this point or never achieves it. Risk vs reward. A lot of people are happy just to collect the ~7% div and not worry about fluctuations. They will also not pay the fees for trading etc. Each tobthere own though.

This is crazy. Very tempting to do the same and sell others to buy more of this. If we go to 270 I'm jumping in with both feet :)

So on your nice travels you managed to persuade someone not to believe in God any more? Seems an odd thing to boast about on a stock forum... strange

Yay 5p finish. What a beautiful day!

;)

For a split second I actually thought I was going to break even by End of play lol. Stupid me and my 6p average. I'll have to wait to celebrate at Christmas now. Ah well :)
GLA. Such a bargain

I purchased some more yesterday and then obviously went down again today. But with a company like this I have faith. There's no point paying debt off if its cheap. If it becomes expensive then I would agree paying it off makes much more sense and I'd be scepticle if dividends were rising and debt was increasing and profits decreasing. Wish you all the best.

I see what you mean. However reducing the amount of shares in circulation in theory increases the demand of shares on offer. If done over years it can have an impact. E.g. with less shares to give the dividened out to the dividened can increase by giving out the same amount of money (wouldn't cost more) or... the cost of keeping the same dividened reduces over all future payouts.
You're rite in saying the impact is negligible at this volume, but the money spent isn't enough to buy out another company with and with inflation any excess cash in the bank is very costly. I only hope it continues over the next few years.
No point sitting on cash when rates are rubbish and borrowing is cheap.

Thanks for this Armarni

So you're conplaining they aren't buying fast enough or not enough in general?
- buying more at the beginning would have actually meant they purchased less as the share price was higher then. Hence buying over a period of time to "average" the cost which is the best way. Especially as it has no negative effect as long as its completed by next ex div date.

If you're complaining about not enough being purchased overall, then I can't help you as I doubt many share holders would be happy with divideneds being reduced for the company to purchase more?

Or are you moaning that the SP is dropping? In which case I can't help you again as this is an opportunity to buy more (I bought my 3rd trench today) yes it may go even lower. However I'm happy that in the next 2 years we'll see £3 again and in the interim period just sit back collect the dividends and be content.

DYOR - this is not advise but the ramblings of an idiot.