Monday, 28 July 2025
Behmor Roaster - general temps etc
UNO Synth Pro
Wednesday, 23 July 2025
Buchla 156
Tuesday, 22 July 2025
GS - all about Saturated groups
The goal back then was already clear: reduce temperature loss between boiler and coffee puck. This is the reason the GH is away from the boiler. The design is actually really good as you have in effect two temps at the same time with a single boiler ... A lower GH temp to brew the coffee, and the higher boiler temp
Saturday, 19 July 2025
The differences between the Linea Classic, PB, Mini, and Micra

| Feature | Linea Classic S | Linea PB | Linea Mini | Linea Micra |
|---|---|---|---|---|
| Use case | High-volume café | High-end café | Home / light commercial | Home |
| Size | Large (multi-group) | Large (multi-group) | Countertop | Small countertop |
| Plumbing | Yes | Yes | Tank (optional plumb-in) | Tank only |
| Control style | Manual / basic volumetric | Fully programmable digital | Manual + app | App-focused + simple |
| Tech level | Low (intentionally) | High | Medium | Medium |
| Consistency | Excellent | Excellent | Excellent | Excellent |
| Workflow speed | Very high | Very high | Medium | Lower |
| Steam power | Very strong | Very strong | Strong | Strong |
| Target user | Baristas / cafés | Advanced cafés | Enthusiasts | Casual enthusiasts |
Thursday, 17 July 2025
Tuesday, 15 July 2025
ARP 2600 1st patches
gaggimate - initial wi-fi setup.
Hottop custom profile 2 & 3
Wednesday, 9 July 2025
Verbos 254v (buchla format)
Comparison NST vs EVN
📊 Side-by-side (simplified balance sheet view)
| Metric | NST (approx) | EVN (FY2025 actual) |
|---|---|---|
| Total Assets | ~$20.4B | ~$9.6B |
| Total Liabilities | ~$5.5B | ~$4.7B |
| Equity | ~$14.9B | ~$5.0B |
| Current Ratio | ~1.8x | ~1.5–1.6x |
| Debt (relative) | Low | Moderate |
| Scale | Very large | Mid-large |
🔍 1. Who is financially “safer”?
👉 NST wins here
- Lower leverage (debt vs earnings ~0.2–0.4x)
- EVN higher (~0.6–0.9x)
🧠 Translation:
- NST has more buffer if things go wrong
- EVN uses more debt to grow
👉 Think:
- NST = conservative
- EVN = slightly more aggressive
🔍 2. Liquidity (short-term survival)
Both are solid:
- NST: ~1.8x
- EVN: ~1.5x+
✅ Both can comfortably pay short-term bills
👉 No red flags for either
🔍 3. Balance sheet size (this matters more than you think)
- NST assets: ~$20B
- EVN assets: ~$9.6B
👉 NST is more than 2x bigger
🧠 Why this matters:
- More mines → more diversification
- Less risk if one operation fails
👉 NST is structurally more resilient
🔍 4. Quality of balance sheet (this is subtle but important)
Here’s where it gets interesting:
🟢 NST
- Huge asset base (Super Pit etc.)
- Strong equity buffer
- Lower debt
👉 Feels like a “fortress balance sheet”
🟡 EVN
- Smaller but still strong
- Uses more debt strategically
- Very strong cash generation recently
👉 Feels like:
“Efficient operator using capital more aggressively”
🔍 5. The BIG philosophical difference
This is the key insight most beginners miss:
🟢 NST strategy
- Scale
- Lower risk
- Strong balance sheet
- Massive production base
👉 “Big, stable, dominant”
🟡 EVN strategy
- Higher margins (often better profitability)
- More disciplined capital allocation
- Slightly more leverage
👉 “Smaller, sharper, more efficient”
⚖️ Core equation (applies to both)
Assets=Liabilities+Equity
But what differs is how they structure the right-hand side:
- NST → more equity, less debt
- EVN → relatively more debt, higher returns focus
🏆 So… which balance sheet is better?
🥇 For safety → NST
- Lower debt
- Bigger asset base
- More resilient
👉 If gold price drops or operations fail → NST safer
🥇 For efficiency/returns → EVN
- Better margins historically
- Strong capital discipline
- Uses debt to boost returns
👉 If things go well → EVN can outperform
💡 The simple takeaway (this is the gold nugget)
When you compare them on CommSec:
👉 NST = stronger balance sheet
👉 EVN = potentially higher-return operator
🧭 How YOU should think about it
When you open these on CommSec, ask:
-
Do I want:
- 🛡️ Safety & scale? → lean NST
- ⚡ Efficiency & upside? → lean EVN



































