Jade Power Trust V.JPWR.H

Alternate Symbol(s): TNSTF

Jade Power Trust is a Canada-based open-ended trust. The Trust, through its direct and indirect subsidiaries in Canada, the Netherlands and Romania, has formed to acquire interests in renewable energy assets in Romania, other countries in Europe and abroad that provides stable cash flow to the Trust and a suitable risk-adjusted return on investment. The Company's subsidiaries include Jade Power Holdings Inc., Jade Power Holdings 2 Inc., Transeastern Power Cooperatief U.A, Transeastern Power B.V., Transeastern Hidroelectrica Del Ucea SPV S.R.L., Transeastern Rott Energy SPV III S.R.L., and Transeastern Power Services Limited.

TSXV:JPWR.H - Post by User

Jade Power Trust

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Comment by stockykindaguyon Dec 05, 2018 10:07am

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Post# 29067660

RE:RE:RE:Altcoins?

from what I understand, before the drop from the mid 6k range to where the price is now, the decision was made to ease off on the mining becuase the price of energy in romania had gone up. it's somehting they didn't foresee as they were able to make more money selling their energy to someone else when bitcoin was at 6.5k. if bitcon wwent to 8k, i assume they would have swithced the machines back on, but obviously no one assumes that would happen now, hence the writedown.

the rising energy price in romania is a good thing overall for this company as it's the core business. obviously the bitcoin mining has failed, which sucks, but at least they own these assets and the business is still running with no need to raise money. hopefully they're working on something else to get some positive momentum.

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