Anglo Asian Mining Share Discussion Threads

[king suarez] 08/1/2021 23:20

Hi odsjp,

Yes, just a small position in MODE at the moment - still trying to understand it and the potential.

"Mode generates interest by working through partnerships with market-leading institutional lending providers including New York-based Celsius Network. Celsius Network generates yield by lending out Bitcoin and other digital assets to carefully vetted borrowers."



I found the above. Presumably there is money lending going on with Bitcoin as collateral, like in the repo markets? I assume they are lending out a portion of customer deposits?

Also, presumably the volume of customer money subject to the 1% transaction fee must be turning over more interest income than the annual 5% yield on the bitcoin JAR interest account deposits. It is unclear whether the 5% interest is for only the first 8 weeks per customer, or is this an indefinite annual yield?

Think I need to research more!

[qazwsxedc69] 08/1/2021 23:01

Great work as usual odsjp. I personally felt a little bit guilty about going 100% ARB when to a degree there is some knowledge built in when the BTC price carries on over the weekend (unlike other shares). I didn't quite have the killer instinct of those that went 100%....but my real world exposure compensates :-)

[odsjp] 08/1/2021 22:59

Hi KS - I see you posted on the MODE board so assume you are also now a holder. One thing I can't understand and was wondering if you can shed some light on it.

They mention (extract below) that their bitcoin jar will pay 5% interest APY for the first 8 weeks. Any idea how they are funding this? Bitcoin like gold is non-interest bearing unless they are lending out their bitcoin (10% of their cash as I understand) or paying it from their cash reserves. Thanks

Mode's Bitcoin Jar aims to give people access to higher-interest earning products than those they are accustomed to by offering a 5% APY for the first 8 weeks after launch with no lock-up periods – making it one of the most flexible, high-yield products in the Bitcoin market

[odsjp] 08/1/2021 22:51

Here are the results...

No surprises on the top performing share with ARB up 256%. I will not name (and shame all those who picked it who now have six figure balances) but I will say that fez stays in the top spot with £319K, a ten-bagger in 9 weeks.

Serious congratulations to all those who made money with ARB, I wasn't one of them!!!

So the new challenge is to find the next ARB and the expectation that the weekly winner on Dec 31st will have a notional balance of over £1M. Go on, you know you can do it.

As a result, I will list below the next best performing shares for the last week so as to allow the ARB investors a potential change or at least split between their ARB winnings.

1. ARB (up 256%)
2. IRON (up 37%)
3. VRS (up 36%)
4. ORR (up 33%)
5. BLU (up 31%)
6. RBW (up 31%)
7. ENT (up 30%)
8. PXC (up 26%)
9. GFM (up 24%)

I imagine most of you are enjoying a nice bottle of red wine tonight (or whatever your tipple is) as your real portfolios are probably at all time (or near time) highs. Mine is and I didn't even choose ARB. :)

As I don't want to miss the next one, where is the ARB money going. I see that MODE seems to be a favourite and I have taken a smallish position there. Any others?


Week 9 - Finish

[brasso3] 08/1/2021 22:23

Gold closed at $1850. Could still be horizontal support for Monday.

[c0lin1] 08/1/2021 21:19

Not my comment but sums up today nicely.. The whole thing seems ludicrous to me. If today wasn't depressing enough for gold bulls, $TSLA added an entire $NEM and $AEM to its market cap today

[bleepy] 08/1/2021 21:04

Copper still heading north, algorithms just doing their job playing ping pong with pm’s as per programming.

Aaz will be needing two corners to continue piling the cash even after paying a special divi.

We have evidenced aaz’s foresight in riding the blips in pog patiently with sales above mean average.

Many investors here exhibiting equal patience whilst awaiting a pipeline of news.

[jeanesy] 08/1/2021 20:08

MODE interview link for those who may be interested

[king suarez] 08/1/2021 19:56

Here's one for you Wan (not sure how to do charts).

Take the JSE share chart from 1/1/2020 to today and compare it to the ARB chart from 1/1/2020 to 31/10/2020.

Do you see a similar ascending pattern beginning?

[wanobi] 08/1/2021 19:30

just one more thread thumbs up to reach 60 for the thread :-) thanx all, cheers Wan :-)

[wanobi] 08/1/2021 19:07

Cheers
Wan :-)

[wanobi] 08/1/2021 18:45

as posted on my chart earlier, Gold has moves like this in its DNA,,, so does BTC, so let's just chill and wait for the story to unfold :-) Cheers Wan :-)

[wanobi] 08/1/2021 18:13

a bounce off 1800 is fine by me Brasso3,,, nowhere near panic mode at that level either!! :-) Cheers Wan :-)

[brasso3] 08/1/2021 18:11

Lets see if $1850 holds on the daily before we panic. Maybe $1740 is in play if it does not.

22 ounces of gold now gets you 1 bitcoin!

[wanobi] 08/1/2021 18:10

it will be very interesting to see what happens to the price of PM's when/if there is the sharp pull back I expect/other don't in BTC,,, let's see,,,, gulp :-) Cheers Wan :-)

[c0lin1] 08/1/2021 18:07

Im not sure what i did in a previous life to come back as a PM investor. Its bloody hard work

[riggerbeautz] 08/1/2021 18:01

Good blow off happening, there was plenty of retail exuberance to catch off guard. Rinse and repeat by those with very deep pockets I expect.

[wanobi] 08/1/2021 18:00

please occifer, let me in the pub,,, I need a pint :-) Cheers Wan :-)

[wanobi] 08/1/2021 17:56

not helping our DSV ODR :-) LOL,,, oh what a game :-) Cheers Wan :-)


free stock charts from uk.advfn.com

[king suarez] 08/1/2021 17:54

The highest line *please*

[wanobi] 08/1/2021 17:49

not Fibonacci, but Wanonacci :-) take your pick of support lines, cheers Wan :-) LOL


free stock charts from uk.advfn.com

[king suarez] 08/1/2021 17:45

$1,770 ish the next 'line in the sand' ?

[wanobi] 08/1/2021 17:40

if we break Dec20 lows KS, see chart above,,,, then it'll be interesting,,, but right now this is probably just noise,,, many will be hopping onto BTC from gold and end up regretting it I feel,,,, I could be wrong, we shall see :-) Cheers Wan :-)