[Havelock Investments] - Havelock Mining Fund (HMF)

[lightbox]

The IPO has been active for two hours, and a little bit over half of the units are gone.  

Sorry for not keeping a good watch on this forum thread, we have, indeed, been focusing on actually running the mining operation and maximizing profits

I was coming here to post that the public offering today has just under half the units remaining, but you beat me to it, thanks!

We have also just released our September Financial Statements, as well as Quarterly Q3 Statements

We have also posted an update regarding our move to ASICs

Thanks for your interest in Havelock Investments!

Cheers,
 James

[niko]

Glad to see that ASIC preorders are not paid for using unit funds, and are spread out between different suppliers. Great job so far, keep it up!

[lightbox]

For extra security we have now added 2 Factor Google Authenticator support to the website.

[niko]

In case anyone missed it: ASICs are late, the block reward has halved, and so did the dividend for December... Perfect time for buying cheap units from panic sellers.
All this makes me wonder: what is a reasonable annual yield on an investment of this kind? They have a proven track record, business references, contact information, monthly reports, etc. Are bitcoin would-be investors spoiled? Or is 9% or 13% APY really bad for a low-risk, but still risky investment?

[molecular]

is there a thread for feedback on havelockinvestment.com not regarding the mining fund?

[lightbox]

is there a thread for feedback on havelockinvestment.com not regarding the mining fund?

No but that's a great idea, so yes now there is!

https://bitcointalk.org/index.php?topic=135035.0

[adamstgBit]

I would like to ask you to write up a little update on the HIM fund
I'd be interested to know just how heavily invested in ASIC are you?  BLF pre orders etc...
what would happen to HIM if BLF ran off with everyone's money?
Do you plan on selling more units when ASIC start to come in?
what's up with HIM in general?

thanks

[adamstgBit]

I would like to ask you to write up a little update on the HIM fund
I'd be interested to know just how heavily invested in ASIC are you?  BLF pre orders etc...
what would happen to HIM if BLF ran off with everyone's money?
Do you plan on selling more units when ASIC start to come in?
what's up with HIM in general?

thanks

reading past updates appears to answer my questions 
so never mind...
Gr8 fund! i feel confident holding some bitcoin with HIM 

[niko]

I would like to ask you to write up a little update on the HIM fund
I'd be interested to know just how heavily invested in ASIC are you?  BLF pre orders etc...
what would happen to HIM if BLF ran off with everyone's money?
Do you plan on selling more units when ASIC start to come in?
what's up with HIM in general?

thanks

reading past updates appears to answer my questions 
so never mind...
Gr8 fund! i feel confident holding some bitcoin with HIM 

The way I see it - HIM has been managed well for a while now, and is likely to stay ahead of the curve. The uncertainties related to ASIC suppliers are pretty much the same for all miners, except ASICMINER to some extent.

[Zedster]

I see you split your stock today. Making if affordable to the newb such as me again.

But what I can't seem to find is a purchase plan or orders for ASICs.  And how the project is going?

[Portnoy]

I see you split your stock today. Making if affordable to the newb such as me again.

But what I can't seem to find is a purchase plan or orders for ASICs.  And how the project is going?

Use the updates tab here.

From their Feb. 20th update:

Things are still chugging along, and we're happily mining away on our FPGAs -- With all the ASIC delays, the FPGA's have turned out to be much more profitable with a longer lifespan than we had originally anticipated. That said, with BFL shipping "soon" I wanted to assure everyone we are well positioned in their pre-order queue to receive a lot of hashing power very soon.

...

If you have any questions, please don't hesitate to contact us.

him@havelockinvestments.com
613-686-1661 x101

[Zedster]

I see you split your stock today. Making if affordable to the newb such as me again.

But what I can't seem to find is a purchase plan or orders for ASICs.  And how the project is going?

Use the updates tab here.

From their Feb. 20th update:

Things are still chugging along, and we're happily mining away on our FPGAs -- With all the ASIC delays, the FPGA's have turned out to be much more profitable with a longer lifespan than we had originally anticipated. That said, with BFL shipping "soon" I wanted to assure everyone we are well positioned in their pre-order queue to receive a lot of hashing power very soon.

...

If you have any questions, please don't hesitate to contact us.

him@havelockinvestments.com
613-686-1661 x101

Yes I saw this I thought maybe there was something with more detail than "a lot of hashing power".  I am member of another one of these types of "funds" and we are over 1 TH. I am looking to spread my investments over more than one opportunity and was looking for more specifics.

[Portnoy]

I see you split your stock today. Making if affordable to the newb such as me again.

But what I can't seem to find is a purchase plan or orders for ASICs.  And how the project is going?

Use the updates tab here.

From their Feb. 20th update:

Things are still chugging along, and we're happily mining away on our FPGAs -- With all the ASIC delays, the FPGA's have turned out to be much more profitable with a longer lifespan than we had originally anticipated. That said, with BFL shipping "soon" I wanted to assure everyone we are well positioned in their pre-order queue to receive a lot of hashing power very soon.

...

If you have any questions, please don't hesitate to contact us.

him@havelockinvestments.com
613-686-1661 x101

Yes I saw this I thought maybe there was something with more detail than "a lot of hashing power".  I am member of another one of these types of "funds" and we are over 1 TH. I am looking to spread my investments over more than one opportunity and was looking for more specifics.

 

[Zedster]

Is there a number to be had for the amount of hashing power purchased?

[lightbox]

Is there a number to be had for the amount of hashing power purchased?

We have around 1.8TH on pre-order (30 BFL Singles)... with some of the pre-orders within the first few days of being available to order.

Cheers,
 James

[Zedster]

Is there a number to be had for the amount of hashing power purchased?

We have around 1.8TH on pre-order (30 BFL Singles)... with some of the pre-orders within the first few days of being available to order.

Cheers,
 James

Thank you sir.  Nice start. Then it's just a matter of BFL coming through.

[Choadzilla]

shipping should start soon..

I know lightbox is excited

[lightbox]

shipping should start soon..

I know lightbox is excited

So excited. 3TH coming soon!

[ArcticWolf]

Not only is this an ILLEGAL SCAM FUND but it is also an ILLEGAL AND SCAM EXCHANGE.

Where are your licenses? You must display them.  THIS IS A SCAM AN ILLEGAL. You will be under arrest soon.

Im sure they are terrified of you, random person on the internet

[lunarboy]

 from fund overview

Our dividend will be approximately 50% of total mining revenue, with the other half going towards expenses and reinvestment in new hardware. The eventual goal is to increase the dividend over time.

I can't seem to find it written down anywhere. Can someone clarify how the other 50% is divided up?

obviously expenses and reinvestment    but i'm trying to get a handle on 'expenses' that can be a rather broad term. Does the fund take a fixed % for this each month and is this the 'management fee' as included in the financial spreadsheet?  (last month 05 seems to be approximately 10% management fee) 

thanks