Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
PW Youtube video about what the RNS is about. Answered my question about how ARB is going to stay ahead in the mining race. MARA and RIOT have a load of machines on order, we have some. Looks like this is for $100m to get machines into the Texas facility
https://www.youtube.com/watch?v=jbWjkqwgcAM&feature=youtu.be
Saw someone had asked this. I know ARB is currently in the lead but would like to know if this can be maintained in light of MARA getting 10+ EH! Sure there is space for many but is this a concern?
"So right now we have more mining capability than RIOT and MARA.
Reading some articled MARA has 70000 machines coming in 2021 which will bump them to a rate of about 10.3 EH/s. Most arriving July - December 21
ARB ordered 4500, 1000 deployed early and 3500 coming any time.
Does anyone know what that will put us at in terms of mining and if there are more on the way? It also looks like ARB lease and MARA buys."
Not an expert, but It will likely just open much higher due to after-hours buying, trades lined up, and matching to the US price.
You will find it very hard or near on impossible to get in anywhere near the current SP even if you put in an order now. You could put an order in for market at open.....but all bets are off. It's like when a company announces, after the bell, record earnings - there is a jump and the whole point in taking advantage of such a jump is to well....do it before the event happens.
Good point about the ISA. Mine is some ISA some normal trading. That makes a lot of sense. Actually the ISA side removes tax penalties if I decide to sell as part of a drop. Not that I ever would because when I sell it jumps (all been there)
Thanks for the info all Wombat, RC.
A open question that another person raised (and yes, i'm positive on ARB). Not de-ramping - educate me.
Why not just buy the Bitcoin? Isn't buying ARB like betting on the miner when you can buy the gold and see the same return? There's a lot that can happen - mining competition, etc. If the prices are so tightly knit....why not just get BTC?
I sold out a few weeks ago at a huge loss to get into some crypto. Usually when I do something like that the opposite happens - it rockets. I half expected the SFO to announce it was stopping the investigation but I dodged a bullet and instead of being 25% down and 25% up!
I have to remember these small wins even though i'm down overall!
Maybe a silly question but it's tax return time. What do you do with PFC dividends tax? Do you claim it as a UK company or overseas as the shares say Jersey?
I don't think it really matters as the allowance for the two is the same (£2000) but it's nice to get things right
:)
If you are out I hope you made profit.
If you are in and down I hope you get to where you need to be.
Either way, even if it doesn't work out for you, best of luck in other things.
I finally decided to get out this morning. I usually hold for too long or get greedy and hope for more but like many others I got in lower and i'm happy with 34% profit.
Naturally this means the share will jump as always happens. Or dip as soon as I buy!
They easily can. There are plenty of lenders out there and the AA is making increasing profits (what was it - 100% increase on profits last report?)
- People will say they can't refinance. No...they can.
- People will say this bid process has somehow meant they have no time to refinance because they were too focused on the bid. Rubbish. CFO's and he finance team do this, or, employ professional financiers to do this for them for money at this scale.
I don't know why people find refinancing the debt to be such a dreadful thing. You get a new mortgage every so often - does it destroy you?
The AA is making (increasing) profit, paying it's loans and interest rates are low.
A CFO will have had a refinance package up already.
69p
"going directly to the company's shareholders or fighting to replace management to get the acquisition approved."
Yup. Has happened often. US tech company EMC did it with Data Domain.
They were selling to a rival and then sent an open letter declaring a higher offer. Had to go with the higher offer