Member Info for Wmsjames

Thanks Investor81, it is likely they would have hedged again in February to cover April etc? Sorry if this is a dumb question

Has anyone tried to buy , i cant buy at mo

flamemaker which RNS was it in

Justapose - How long do it will could take to get news, are data rooms open for a set period of time or do they only close once a deal is done? What are your expectations, the last RNS said they were making good progress.

thanks James

Reality check

300 plus bitcoins expected a month
Brand new machines which seem immune to coronavirus
Market leader on margins
Senior team motivated to get sp to 7
Cash in bank and strong balance sheet
Possible dividends in future , either one off or regular
Ebitda estimated between 8 to 12 million
Good regular communication from BOD
Expected difficulty to decrease after halving
More countries are adopting digital markets
For me , this is a low risk investment, the fundamentals haven’t changed , the sp will do what it needs to do , fantastic opportunity to buy in now .

12 months from now , assuming the world hasn’t ended , expect a sp of 20 minimum ..

I’m not selling a share

My view is that this should have a sp of 12 ish today and 20-25 in 12 months time ..

Anyone else agree

I do think the option of a takeover could be on the cards as well , the issue is at what price , it would have to be at 25p -30p Sp to get the majority to sell .

I would love farm out news to get the sp back to the 40’s but given the climate I’m not overly confident .. others posters on here know far more than me though . my guess would be 20’s

For me , the best option would be RRE doing a fair deal , as I hold both shares .. ( I can only hope)

I agree rookie , I might switch off for a few days /weeks but this is a long term hold . There is a really good post on advfn

bobby1904: I've been reading so much amateur rubbish posted on RRE last few days that it's depressing. Some facts (rather than the usual fictional rubbish spouted) for people to dwell on:- RRE has no debt. It has c.$315m+ FREE cash (ie after deducting $55m restricted cash). It's average OPEX is c.$22 per barrel. Even after adding in CAPEX + ABEX (ie Abandonment costs) it still only goes to c.$44 per barrel. It's 2020 CAPEX programme + budgeted Abandonment expenditure would still leave it over £100m (sterling) even assuming the oil price never recovers and the return on this CAPEX is a whole year of progress on their 7 well programme (West Brae, Arran, etc) all of which add to their resources and work towards lifting 2021 production materially from the current level of 21,000 bblpd. However, the reality is that a mixture of the hedging they have in place and the likely recovery of the oil price at some point in the next 12 months, this picture can improve materially. They paid a dividend on 60p last autumn and due a further expected 25p after full year results. Andrew Austin (Exec Chairman) holds 27% of the shares so is extremely well aligned with Shareholders. People who have simply sold due to the oil price drop have massively misunderstood how undervalued the company was before the corona issue arose. At an share price of £18 it was already only trading at a price equivalent to its free cash balance (ignoring the rest of the business completely). I've seen comparisons made with Tullow and that just demonstrates the moronic and amateurish level of commentary here! Tullow is a totally different beast. It operates in completely different geographic/political/risk environments and is loaded to the hilt with a mountain of debt and its senior team just kicked out. For those with actual cash (as opposed to poxy margin traders) and with some patience to take a medium term view there aren't many better stocks than this in the O&G space at this sort of mkt cap. This share price is ludicrous (30% discount to its free cash!!) and even if it dips lower before recovering, there is a big upside to be made without the need to be concerned about cashflow/funding, etc.

Assuming 300 coins at $3,000 , $900k , less say worst case 40% margin .. €360k , overheads I’m estimating £150k so $200k ..

$360k-$200 = £160k profit ( assuming no depreciation)

Still profitable at $3,000 .. ( but you would expect the margin to be a lot better at this price , as difficulty would be easier )

Hope this is roughly right

Sorry ignore my post , got slightly excited then

What’s in the guardian ?

Great post Mickey9997 , the only thing I would add is , the bod and senior staff will soon be aligned more with shareholders

Thank u

Hi, been a long week , what sp makes the warrants in the money ..

Thanks

margin really is

Sorry pressed 'post' two quickly

From my quick review , they were averaging a margin of 40% in June and September Qtr 2019
https://www.hiveblockchain.com/investors/reporting/

'For the quarter ended December 31, 2019, income from digital currency mining was $5.0 million, a
decrease of approximately 41% from the same period in the prior year primarily due to the Company’s
suspension of 200 PH/s of its ASIC cloud mining capacity at the beginning of October, 2019 and the
remaining 100 PH/s in December 2019 due to worsening Bitcoin mining market conditions as coin prices
declined while mining difficulty and network hash rates increased to a record high. Third quarter income
from digital currency mining was produced from 24.2 MW of GPU production capacity, and 100 PH/s of
cloud mining capacity for a partial quarter.'

Mining difficulty has increased even more since then, so will be interesting to see there 31st March 2020 qtr results.

This quick research just shows how good ARB

Duke - this time next week, you will own this business

Shares are dropping off everywhere, my most steady investments are down 4% on nothing, no change in fundamentals. I realise here, the oil price is dropping and could remain low, but this business has a strong balance sheet and a diverse income stream with a great BOD who are strongly aligned.

I noticed on twitter , proactive investor are asking for an interview with AA, this would be good, even if it is a video call.

Good luck all

great post Harel.

I can only see upside here, last night i read through a lot of Juxtapose posts , very knowledgable and reassuring , especially to new investors.

cheers dsfat.

Very odd day here, btc doing well, but arb down, but saying that the whole market is down.

I have been researching HIVE, does anyone have information on their margins, i cant find them easily which probably means their not great.

One more thing, i wasnt overly impressed with the staff shares at 7p, but now looking at the share price, i do think everyone is aligned , which can only be a good thing.