The latest Investing Matters Podcast with Jean Roche, Co-Manager of Schroder UK Mid Cap Investment Trust has just been released. Listen here.
To answer my own question - is it because it's a private cryptocurrency and argo believe that's a winning differentiator?
Quick question - why have we chosen mine Zcash and not some another non-bitcoin crypto?
I'll get my coat...
@MPO818 - the post im referring to was from April 2019! Sorry, ignore me!! Apologies.
@MPO818 - on 05 Apr 2019 08:29 you said - "I wrote my investment in these off many moons ago, however is there now some hope, or our we being led further down the garden. All thoughts welcome."
Yet today you said you sold 60% and were on a free ride in Jan 2020.
It can't be both.
These sorts of things undermine the credibility and integrity of a poster, irrespective of their knowledge of the companies history.
Apologies if already posted but here's a comprehensive (24min) video review of Argo that might interest some: https://youtu.be/oihNhJDBy4g
I first bought in at about 9p when the Lanstead deal started, 5 years ago? Soon after that the SP was growing so rapidly, and I couldn't release capital quickly enough, that I took out a 3yr interest free credit card and maxed that out at 15k! I then continued to buy up to 50p and then all the way down!! I paid off the credit card when I was down, though I should have sold with 50k profit.
Anyway, when it was at 5p I decided to release some equity in my house (interest only), rather than sell other assets, and I bought a load more to average down; motivated by positive statements from de Nora. I now owe Luca B something nice!
Through the dark times I always said that the only good thing about the price drop (ABs BS!) was that it would mean I'd be holding way more shares than I should, and here we are!
By the look if things the worst of the roller coaster is over now but the ride got many here was made even worse by holding PHE through crazy times!
So far it's been an education, so thanks to those who have shared the ride, and I can only hope I can sell when the time is right.
Thanks B2 and GP for your thought on this topic.
It's these guys - https://www.h2-view.com/story/advent-technologies-and-amci-merge-to-form-fuel-cell-technology-company/
Great RNS from AFC but I'm somewhat underwhelmed, partly because the muted SP reaction (yes, let's see what tomorrow brings!) and partly but the "eventual dispatch of up to 100 hydrogen generator systems per annum with capacity for further growth". Naievely, with global opportinities for EV charging and building sites, I had thought we would require more immediate capacity for many hundreds of units. I appreciate regional solutions have been mentioned, but this is the first indication of what scale looks like at the juncture; so whilst an excellent first step to iron out themanufacturing process here's hoping further facilities will be reques in the near future!
Or maybe, I was just expecting too much too soon!?
From the link - "few blockchain surveillance companies like Cyphertrace have recently published reports on criminal activities tied to bitcoin usage and the studies mentioned the topic of “virgin bitcoins.” According to industry executives, freshly minted bitcoins with no transaction history can sell for a 10-20% premium compared to coins sold on the open market. Even though the subject of ‘clean’ and ‘tainted’ bitcoins is debatable, the following editorial is a look at why virgin bitcoins might be sought after and why institutional investors and even criminals want to acquire bitcoins with no onchain history."
@CryptoLink - do you recall why institutions make the distinction and pay more for it?
Thanks for that split - do we then hold bitcoin as a long term savings mechanism (for how long?), hoping the market increases tgeir value or do we also trade them?
Funnily enough I was going to raise that observation last night - to my mind that explains why the SP is not tracking growth with bitcoin. Zcash price is down compared to 3 months ago whilst Bitcoin has practically doubled and its not clear what we hold.
Once again Arkonite, thanks for you time and insight. I guess the 'brass tacks' of my question is now - when did we become a "pure profit business" (no debt?) and any ideas what happened to profits from Sept, Oct and what will happen for Nov onwards?
Thanks again, greatly appreciated, just trying to figure out what I've invested in (yes, back to front!) and if I should add more :)
SB
@Arkonite - thanks very much for the welcome and for helping to clarify the current position. As you suggest, helping new investors understand the business is useful and to that end I've already looked up AUM (assets under management) and HODL (holder)! So, quick summary: the MCap is based on assets of 180 BTC + 18000 mining computers (or are these leased?) + offices (leased?) + money in the bank(?) + monthly net revenue of circa (100 BTC pcm - 60%) OR is the MCap simply based on the 180 BTC held + circa 100 BTC pcm pipeline (inc. Uplift from 4000+ new machines early next year?)?
I feel that ARB would do well to become more of a HODL to, as you say, align with BTC value - is that the plan from here on in?
Thanks in advance for further clarity on the above :)
SB
Hi all, I'm a new holder here and have a newbie question. I read in the August Update that "At the end of August, the company held 183 BTC in Bitcoin and BTC equivalents, in accordance with the Company's asset management strategy." - I understand that some BTC needs to be sold to keep the busine running but what happens to the rest given mining costs of circa 38% surely they should hold lots more BTC or have a big pile of cash in the bank or what am I missing?
Thanks!
SB
It's also worth remembering that Peel wil get value from the gate fees, H2 (5x9s = suitable for transport; higher price point / fewer competitors) and Electricity. I mention this as it highlights that Peel have more to gain from a DMG than simply hydrogen which is more commonly 3x9 and not suitable for transport.
AB has added another linkedin post referring to De Nora, TK and Snam. I feel this is a big clue particularly as the De Nora CEO responded to his last post with "Thank you Adam, our hydrogen journey is just a the beginning".
In this context I'm confident 'our' = AFC + De Nora (TK and Snam) not just De Nora.
AB has added another linkedin post referring to De Nora, TK and Snam. I feel this is a big clue particularly as the De Nora CEO responded to his last post with "Thank you Adam, our hydrogen journey is just a the beginning".
In this context I'm confident 'our' = AFC + De Nora (TK and Snam) not just De Nora.