The latest Investing Matters Podcast episode featuring Jeremy Skillington, CEO of Poolbeg Pharma has just been released. Listen here.
Working Capital Expenditure means expenditure for the purpose of meeting current liabilities in the ordinary course of business. Working Capital Expenditure means any cost that is not a Capital Expenditure. (Generally, current operating expenses are Working Capital Expenditures.)
I don’t like this.
I have read estimates of 80eh coming offline at current prices almost immediately, but it’s ofcourse speculation. If by March the Mara SP hasn’t improved or declined I have two options, sell for a loss (my average is $10 ish) and move into the safety of MSTR - or average down with everything I have and bet on the historical rhyming cycle.
Not true chopsticks, as weak miners fold and inefficient equipment is turned off the share of the pie increases for the strong. For some, curtains. For stronger others, a painful dust settling period where the balance sheet will need to sustain the company shorter term awaiting bitcoins typical rise.
Steve you can’t just wing it and hope for the best “cuz I luv the buzz muh casino feels” or whatever it is you keep saying, you make your own luck unfortunately and you’re not creating much of a good luck square footage with the way you’re working. It is work, you’re not on the clock but make no mistake, work is what it is.
It’s a good deal in defensive terms, it’s something that if they don’t do and btc stays suppressed long term and Mara starts to struggle he’s worshipped for, he’d certainly be panned for “doing a Peter” and not managing risk.