Quote from: guitarplinker on August 30, 2013, 04:44:53 PM

Quote from: BitCoiner2012 on August 30, 2013, 03:42:56 PM

Quote from: creativex on August 30, 2013, 02:20:07 PM

Our share price is being driven by market sentiment and not fundamentals within the company. Even when we outpace the rate of network expansion it doesn't prop up the share price it merely increases our yield. Prevailing sentiment is that small mining companies and individual miners will be unable to compete in the near future. That I personally believe they're mistaken doesn't matter. I will continue to focus my efforts on the things within my sphere of influence.

Cheers.

If anything, IMO, time to buy more.

Bring that average down and when it goes back up (it will), you'll be pleased. bASIC has to be one of the best run outfit, large capital reserves, competent management both in terms of technicality and financial reality.

The dividends talk.

I agree, some more equipment would be nice.

I for one, would also be fine if bASIC took 10-20% off my dividend so that it's a 50/50 split between dividends and purchasing new equipment. I think in the long run that may increase dividends and if they ever went back to the 70% they are now, that would make even higher dividends.

But again, not sure if you want to do that and not sure what other shareholders think.

Hi guitarplinker. The thing is it's not a question of resources at this time. We're sitting on ~~over 775BTC~~ precisely 776.5493 in reserves right now. This is enough to obtain nearly 14Th/s in pre-ordered gear from cointerra for December delivery or 4.8Th/s from bitfury for October delivery at current exchange rates(bitstamp). The problem is the same as it's been since spring/summer of 2012, and that is that locking in our funds for unproven vaporware with lead times measured in months(or years) is unwise. It's even worse than it appears because we'd also be locking in an exchange rate. An exchange rate which btw is rapidly climbing in our favor. We also cannot run out and load up on currently available hardware that's soon to be obsolete because we may or may not ever see a return on that investment. A couple such mistakes could cripple us going forward. It's my belief that when things are moving so quickly that the future is nearly impossible to predict with any level of confidence then the correct play is to shorten your scope substantially. That is, reduce risk by sticking to decisions with outcomes that can be predicted with some measure of confidence.

That's btc-e, bitstamp and gox are higher. bASIC-Mining has ~~775+BTC~~ precisely 776.5493 of capital in reserves and another 10% more in highly liquid securities. Together these assets represent more than 7% of bASIC-Mining's net worth and it's rapidly increasing even while we pile up more every day in our growth fund. Also the rising exchange rate ensures that our aging equipment will be online longer so that we may continue to pile up more reserves going forward. Given all this shouldn't the share price of bASIC-Mining be trending upward? If no, then why not?

While I'm generally hesitant to engage in protracted discussions about share prices of my own securities, I think it's pretty clear the market is currently punishing the shares of mining companies, successfully managed or otherwise.

Cheers.

Edit: Added specific quantities.