SANDSTORM: - A Collective Investment Vehicle for BTC. -

[jmutch]

Nice. Down over 70% on havelock. sewerstorm!

The fund is performing well.
Only the people who bought at ten times the IPO price are to blame.

Yup; no clue what people were doing valuing the portfolio at 1000+ BTC when it had like 200BTC in assets.  If you're just automatically assuming he's going to turn it over 5 times, you're doomed to be disappointed.

Thanks for that piece of support guys. I share this opinion.

[1714311285]

1714311285

[1714311285]

1714311285

[jmutch]

Weekly Report.

The last week has been brutal week for anyone in a long position on mining securities. Unfortunately Sandstorm is in that position. Overall, there was big losses in terms of NAV. I tried to minimise these damages. In hindsight I can think of many ways that I could have prevented these losses.

There was another announcement that hinted at large deployment of new chips from ASICminer during September/October. For this reason I’m not selling AM shares at a loss at this stage. It seems like a dip and I believe would be unwise to sell now. I realise that Sandstorm is at risk of becoming a bagholder at this stance, but i really think reducing AM shares slowly into September is the best thing to do right now.

Other stocks have gone down to the price at which they were purchased. The exceptions are Active Miner and Labcoin. Active Miner has increased in confidence in my mind. I have made trades according to these confidence levels.

The remaining 1000 Labcoin shares will be more of a long term position as more than the Initial investment has been recovered.

This has been a hard week for most investors I believe. Please hold off altogether harsh judgements until next week.

Happy trading.



Profits
1.54 BTC selling Labcoin Shares
.37 BTC trading  ActiveMining shares
-.761 BTC trading ASICminer shares

.343 BTC ASICminer Dividends
.019 BTC Cognitive Dividends
.036 BTC bASIC Dividends
.011 BTC ActiveMining Dividends


Total =BTC 1.558(1.558BTC to dividends)

Dividends
1.558/100000 = .00001598 per share

Last weeks assets

Assets
10 ASICminer direct shares (2.5)
6 ASICminer-PT shares (2.48)
4 ASICminer-PT shares(4.19)
4 ASICminer-PT shares(3.81)

2000 Labcoin Shares(.001)
10 Cognitive Shares (.28)
100 RentalStarter shares (.0149)
15 bASIC shares (.27)
15 bASIC shares (.41)
3000 Active Miner shares (.0025)

22.53 BTC

Assets
10 ASICminer direct shares (2.5)
6 ASICminer-PT shares (2.48)
4 ASICminer-PT shares(4.19)
4 ASICminer-PT shares(3.81)
1 ASICminer-PT shares(3.15)

1000 Labcoin Shares(.001)
10 Cognitive Shares (.28)
100 RentalStarter shares (.0149)
15 bASIC shares (.27)
15 bASIC shares (.41)
3000 Active Miner shares (.0025)
2000 Active Miner shares (.0052)

9.98 BTC

https://docs.google.com/spreadsheet/ccc?key=0AhkfI_u94nYydFRIaTlBNE14aHBZNzIxRlBLWlhzTlE#gid=2

[BitHub]

I'm all good over here.

[MPOE-PR]

We're still on

Yeah, unfortunately they have to now resort to forum posts instead of listing an asset on GLBSE.

[BitHub]

Hey, can we have our shitty, pointless update for the week please?

[jmutch]

Hey, can we have our shitty, pointless update for the week please?

I resent that comment,

I mean people say a lot of disrespectful shit on this board. But this just takes the cake.

Woulds anyone object to me only posting reports on havelock from now on?

[BitHub]

yeh yeh, can you just tell me how shit my stock is doing please?

[jmutch]

why do you own any stock if you feel that way?
why follow this thread if you feel that way?

i thought you sold your IPO shares for a huge profit

The report will be around midnight eastern aus time. like most weeks

[BitHub]

I probably actually care about sandstorm more than you, anyway looking forward to another pointless report and then a whole week of hiding.

[jmutch]

Weekly Report.

It’s obvious that the difficulty is going to keep rising at an exponential rate. It’s definitely time to do a bit of a restructure. It seems that any mining company not producing their own chips won’t be able to keep up in the coming months.Therefore it was necessary to sell Cog and Basic. Even at a loss for basic. It has fallen further since selling

It’s seems that the .05% bonds products are very low risk and somewhat liquid for small amounts. It seems logical to place a percentage of Sandstorm spare BTC in one of these.

BTCQuick is proving to be a solid asset. Only a very small amount was invested into this asset as I feel Sandstorm could be late to the party with this one. Never the less it could continue to grow.

Gox continues to hint at the eventual adoption of LTC. Therefor 100LTC were purchased at what seems to be a low price of .0201BTC

On ASICminer, more excellent news from them. I feel the share price is focusing on the divs and hashrate, not future potential. The climate will be completely different come October and I beleive AM has the competence to take it’s shareholders into that climate.

Very first week of negative profit calculation. Not extremely bad after 3 months operations. Never the less I will do my best to prevent this from happening.

Happy trading.



Profits
-1.79BTC selling bASIC
.95BTC  Selling Cognitive
.34BTC LTC trading

.310 BTC ASICminer Dividends
.014 BTC ActiveMining Dividends
.045 BTC Ukyo Loan



Total =BTC -.131

Dividends
1/100000 = .00001 per share (1.134 taken from carryover)

Last weeks assets

Assets
10 ASICminer direct shares (2.5)
6 ASICminer-PT shares (2.48)
4 ASICminer-PT shares(4.19)
4 ASICminer-PT shares(3.81)
1 ASICminer-PT shares(3.15)

1000 Labcoin Shares(.001)
10 Cognitive Shares (.28)
100 RentalStarter shares (.0149)
15 bASIC shares (.27)
15 bASIC shares (.41)
3000 Active Miner shares (.0025)
2000 Active Miner shares (.0052)

9.98 BTC

Assets
10 ASICminer direct shares (2.5)
6 ASICminer-PT shares (2.48)
4 ASICminer-PT shares(4.19)
4 ASICminer-PT shares(3.81)
1 ASICminer-PT shares(3.15)

1000 Labcoin Shares(.001)
100 RentalStarter shares (.0149)
3000 Active Miner shares (.0025)
2000 Active Miner shares (.0052)
1000 UkyoLoan(.0108)
1000 btcQuick(.0058)
100 LTC (.0201)

8.45BTC

https://docs.google.com/spreadsheet/ccc?key=0AhkfI_u94nYydFRIaTlBNE14aHBZNzIxRlBLWlhzTlE#gid=4

[xaviarlol]

Weekly Report.

It’s obvious that the difficulty is going to keep rising at an exponential rate. It’s definitely time to do a bit of a restructure. It seems that any mining company not producing their own chips won’t be able to keep up in the coming months.Therefore it was necessary to sell Cog and Basic. Even at a loss for basic. It has fallen further since selling

It’s seems that the .05% bonds products are very low risk and somewhat liquid for small amounts. It seems logical to place a percentage of Sandstorm spare BTC in one of these.

BTCQuick is proving to be a solid asset. Only a very small amount was invested into this asset as I feel Sandstorm could be late to the party with this one. Never the less it could continue to grow.

Gox continues to hint at the eventual adoption of LTC. Therefor 100LTC were purchased at what seems to be a low price of .0201BTC

On ASICminer, more excellent news from them. I feel the share price is focusing on the divs and hashrate, not future potential. The climate will be completely different come October and I beleive AM has the competence to take it’s shareholders into that climate.

Very first week of negative profit calculation. Not extremely bad after 3 months operations. Never the less I will do my best to prevent this from happening.

Happy trading.



Profits
-1.79BTC selling bASIC
.95BTC  Selling Cognitive
.34BTC LTC trading

.310 BTC ASICminer Dividends
.014 BTC ActiveMining Dividends
.045 BTC Ukyo Loan



Total =BTC -.131

Dividends
1/100000 = .00001 per share (1.134 taken from carryover)

Last weeks assets

Assets
10 ASICminer direct shares (2.5)
6 ASICminer-PT shares (2.48)
4 ASICminer-PT shares(4.19)
4 ASICminer-PT shares(3.81)
1 ASICminer-PT shares(3.15)

1000 Labcoin Shares(.001)
10 Cognitive Shares (.28)
100 RentalStarter shares (.0149)
15 bASIC shares (.27)
15 bASIC shares (.41)
3000 Active Miner shares (.0025)
2000 Active Miner shares (.0052)

9.98 BTC

Assets
10 ASICminer direct shares (2.5)
6 ASICminer-PT shares (2.48)
4 ASICminer-PT shares(4.19)
4 ASICminer-PT shares(3.81)
1 ASICminer-PT shares(3.15)

1000 Labcoin Shares(.001)
100 RentalStarter shares (.0149)
3000 Active Miner shares (.0025)
2000 Active Miner shares (.0052)
1000 UkyoLoan(.0108)
1000 btcQuick(.0058)
100 LTC (.0201)

8.45BTC

https://docs.google.com/spreadsheet/ccc?key=0AhkfI_u94nYydFRIaTlBNE14aHBZNzIxRlBLWlhzTlE#gid=4

Still not disclosing the most important financial stat, NAV, in your weekly reports?

Allow me to do it for you so that the public/investors are adequately informed:

NAV: 116 BTC - down -34 BTC since two weeks ago. Or, down ~30%.

And two weeks before that, down some 30% again.

I like how you write down "profit" in your statements so that newbs think it's not making a huge loss, as if there is remotely any profit made from this fund.

[BitHub]

Weekly Report.

It’s obvious that the difficulty is going to keep rising at an exponential rate. It’s definitely time to do a bit of a restructure. It seems that any mining company not producing their own chips won’t be able to keep up in the coming months.Therefore it was necessary to sell Cog and Basic. Even at a loss for basic. It has fallen further since selling

It’s seems that the .05% bonds products are very low risk and somewhat liquid for small amounts. It seems logical to place a percentage of Sandstorm spare BTC in one of these.

BTCQuick is proving to be a solid asset. Only a very small amount was invested into this asset as I feel Sandstorm could be late to the party with this one. Never the less it could continue to grow.

Gox continues to hint at the eventual adoption of LTC. Therefor 100LTC were purchased at what seems to be a low price of .0201BTC

On ASICminer, more excellent news from them. I feel the share price is focusing on the divs and hashrate, not future potential. The climate will be completely different come October and I beleive AM has the competence to take it’s shareholders into that climate.

Very first week of negative profit calculation. Not extremely bad after 3 months operations. Never the less I will do my best to prevent this from happening.

Happy trading.



Profits
-1.79BTC selling bASIC
.95BTC  Selling Cognitive
.34BTC LTC trading

.310 BTC ASICminer Dividends
.014 BTC ActiveMining Dividends
.045 BTC Ukyo Loan



Total =BTC -.131

Dividends
1/100000 = .00001 per share (1.134 taken from carryover)

Last weeks assets

Assets
10 ASICminer direct shares (2.5)
6 ASICminer-PT shares (2.48)
4 ASICminer-PT shares(4.19)
4 ASICminer-PT shares(3.81)
1 ASICminer-PT shares(3.15)

1000 Labcoin Shares(.001)
10 Cognitive Shares (.28)
100 RentalStarter shares (.0149)
15 bASIC shares (.27)
15 bASIC shares (.41)
3000 Active Miner shares (.0025)
2000 Active Miner shares (.0052)

9.98 BTC

Assets
10 ASICminer direct shares (2.5)
6 ASICminer-PT shares (2.48)
4 ASICminer-PT shares(4.19)
4 ASICminer-PT shares(3.81)
1 ASICminer-PT shares(3.15)

1000 Labcoin Shares(.001)
100 RentalStarter shares (.0149)
3000 Active Miner shares (.0025)
2000 Active Miner shares (.0052)
1000 UkyoLoan(.0108)
1000 btcQuick(.0058)
100 LTC (.0201)

8.45BTC

https://docs.google.com/spreadsheet/ccc?key=0AhkfI_u94nYydFRIaTlBNE14aHBZNzIxRlBLWlhzTlE#gid=4

Still not disclosing the most important financial stat, NAV, in your weekly reports?

Allow me to do it for you so that the public/investors are adequately informed:

NAV: 116 BTC - down -34 BTC since two weeks ago. Or, down ~30%.

And two weeks before that, down some 30% again.

I like how you write down "profit" in your statements so that newbs think it's not making a huge loss, as if there is remotely any profit made from this fund.

If you're lucky you might get a shitty lil reply on friday.

[jmutch]

If you click on the google spreadsheet there is the NAV and the calculations leading to it.
here it is:
https://docs.google.com/spreadsheet/ccc?key=0AhkfI_u94nYydFRIaTlBNE14aHBZNzIxRlBLWlhzTlE#gid=0

You're right. Sandstorm is down from past weeks. This is fully disclosed.

Sandstorm is still way ahead of the 1% per week goal.

[FreedomFund]

BitHub, thanks for the laughs! priceless shit!

[jmutch]

Weekly Report.

Again, this weeks analysis led to a restructuring.

Rather than leave a percentage of spare capital in a bond, it was decided that this money should be left in DMS-selling over the next month. I see this asset as very low risk and should pay a reasonable percentage over the coming month or two.  As more bitfury, AM, avalon, etc chips start hashing the DMS-buying value will get transferred to DMS-selling.

Please note that profits/losses this week is skewed by DMS-selling dividend payouts. This correlates with a drop of value of the share price, hence having little effect on NAV

There was the eASIC news which confirmed a few things. No solid dates, therefor i saw it as a selling opportunity. 2000 ActM were traded. This capital was transferred to Labcoin shares. I recall Labcoin PR saying hashing would begin this week. If they stay to their word, spare price should obviously rise.

BTCQuick is still showing positive  signs. Rentalstarter is stagnating but will be kept due to it being a small position.

Profit/losses, Dividends, Assets, NAV, Trades and other such quantitative info will only be available through the spreadsheet from now on. Click on the tabs for the weekly snapshot.

https://docs.google.com/spreadsheet/ccc?key=0AhkfI_u94nYydFRIaTlBNE14aHBZNzIxRlBLWlhzTlE&usp=sharing

[Peter Lambert]

I don't understand? You claim to have a weekly profit of 5.067, however your NAV went from 116.13 to 107.28, which to me looks like you should be reporting a loss of 8.85?

In your analysis you say RentalStarter is stagnating, I think that is a narrowminded view of the situation. This is an asset which is dollar/physical asset based, so the recent increase of the BTC price should have pushed the price downward, the fact that the price of RentalStarter stayed pretty consistent means that it has increased in value along with bitcoins.

[jmutch]

I don't understand? You claim to have a weekly profit of 5.067, however your NAV went from 116.13 to 107.28, which to me looks like you should be reporting a loss of 8.85?

In your analysis you say RentalStarter is stagnating, I think that is a narrowminded view of the situation. This is an asset which is dollar/physical asset based, so the recent increase of the BTC price should have pushed the price downward, the fact that the price of RentalStarter stayed pretty consistent means that it has increased in value along with bitcoins.

Profits and losses are calculated from realised value in BTC denomination from trading and dividends etc.
This see's options as units and ignores their fluctuating value

NAV is simply a snapshot of the current value of all assets.

I do this as a way of accounting. It works.

If you are only interested in the actual value of Sandstorm just concentrate on the NAV. Keep in mind every dividend paid attacks the NAV.

[jmutch]

Weekly Report.

A fairly quiet week in comparison to previous times.

Unfortunately labcoin is acting in a way which makes it difficult to know what is really going on. Hopefully this will change in coming days with a real update. My sentiment is still somewhat positive towards labcoin. If what they have reported is true then the stock should see a rise in the next week.

One thing that this week has been excellent for is trading off of volatility. Sometimes this volatility correlates  quite directly with manipulators on the bitcointalk.org threads. It makes it possible to see when someone is selling off due to emotion. This can be exploited. On two occasions when Labcoin was at .003 Sandstorm has bought shares for the purpose of flipping.

Some Ciphermine bonds were purchased. I see this as a good way to hedge against a possible fall in the BTC exchange rate. If the interest rate is no longer attractive they will be sold.

This week rental starter shares will be liquidated

NAV is still down, but stabilising. The only thing that will truly hurt sandstorm in coming days is if ActM or Labcoin fail or if ASICminer continues to decline past 2.0BTC.

Happy trading

more info:
https://docs.google.com/spreadsheet/ccc?key=0AhkfI_u94nYydFRIaTlBNE14aHBZNzIxRlBLWlhzTlE&usp=sharing

[jmutch]

Weekly Report.

To be completely honest, things are not looking great for Sandstorm right now. Labcoin just saw a huge drop, lack of trustable information. Activeminer just saw a “dump” and ASICminer is continuing their general decline. Even btcQuick had a difficult week.

On a positive note ASICminer weekly cycles are easy to predict at the moment. As a way to offset the performance of the mining bonds i’ve spent a fair bit of time trading the Labcoin roller coaster and post dividend ASICminer price.

RentalStarter shares were liquidated for a good profit. I can’t see this company having a huge amount of growth in the near future. The rise in BTC/USD works against this company.

1500 Labcoin shares were just bought. This is a part of the intra daily trading that I've been undertaking. These will be liquidated when/if the price rises again.

DMS-selling is still performing as expected due to the difficulty curve.

I think this is as bad as it will get.

Happy trading 

more info:
https://docs.google.com/spreadsheet/ccc?key=0AhkfI_u94nYydFRIaTlBNE14aHBZNzIxRlBLWlhzTlE&usp=sharing

[Peter Lambert]

Weekly Report.

To be completely honest, things are not looking great for Sandstorm right now. Labcoin just saw a huge drop, lack of trustable information. Activeminer just saw a “dump” and ASICminer is continuing their general decline. Even btcQuick had a difficult week.


RentalStarter shares were liquidated for a good profit. I can’t see this company having a huge amount of growth in the near future. The rise in BTC/USD works against this company.

That's what happens when you bet so much of your capital on mining assets, mining will always trend toward lower profits.

I disagree with you analysis of RentalStarter. They just finished raising some new capital, and are in a good position to move on several more properties, plus the first couple properties they invested in are soon coming out of the rehab phase. Basically you are selling before they even finish their first property, it looks like you simply lack patience - that's not a quality I want in somebody managing an investment fund.