Argo Blockchain Share Discussion Threads

[investorgeek1] 26/1/2021 23:12

https://soundcloud.com/noded-bitcoin-podcast/noded-77-with-anthony-scaramucci

[suffersnofools] 26/1/2021 23:05

Back at 32800 res again. We need Punxsutawney Phil!

[crypto nugget] 26/1/2021 23:03

BTC heading towards $33,000 at the moment.

[crypto nugget] 26/1/2021 23:02

1knocker - total tosh if I may say so.

Your words are akin to saying you can make the poor rich by making the rich poor.

How would a sharp fall in BTC be good for ARB? The only agreement I can see there is if BTC stays low or marooned around $30,000 then ARB will fall back allowing those of us here who want to run the course to simply purchase more stock.

You cannot make ARB successful by shredding the BTC price and hoping that other less efficient miners go out of business. That's just bizarre.

If you are genuine with the above post, then I appreciate your concern about people "punting" on ARB. Fact remains - they are not. People far more intelligent about BTC and crypto than me have done their homework, and research (none more so than SNF I have to say). His earlier description of it as a monster cash machine is coming to pass.

The margins here are incredulous and with increased capacity on tap now, when BTC starts to motor over $50,000 take a look at our figures then.

And, its not because I'm a holder but I must say that £3, £5 and even £10 is not "obvious eyewash".

[ccr1958] 26/1/2021 22:42

Another knocked in the bin.

[suffersnofools] 26/1/2021 22:40

Knocker by name...,I'm afraid the opening paragraphs of how bullish you are followed by paragraphs of bashing is a bit long in the tooth on ADVFN these days. I guess the seeking alpha article has you spooked a little so thought you'd better get to work.25p target - lol - we've just had insti's pile in at 80p looking for a multi bagger return.300 is my target near term. Blonity's about the same. Seeking alpha now chipping in with theirs.So you held riot? Care to tell me what their current MCap and forward multiple is? Put ARB on the same - what do you get? ;)

[alm6] 26/1/2021 22:35

Knocker, do you think RIOT justified the price you sold it for?

[1knocker] 26/1/2021 22:31

ARB looks to be the best organised and efficient miner I can find. After further reflection I sold my remaining holding of RIOT today, for an overall 80% profit in six weeks. No complaints about that.

I am underwater on ARB at present (though not too badly so), but my holding is small and I am inclined to run it.

The best news for ARB would be a heavy fall in the price of BTC, as it would hit the high cost miners and those with debt hard, diminishing their capacity to increase their mining capacity and perhaps putting some out of business. That would be a constraint on rise in mining difficulty of mining. and thus of ARB's mining costs. If it can build up a stash of BTC, it will be very well places in a less crowded market when BTC next spikes.

That said, we my well have to ride out falls in the ARB share price, perhaps down to the 25p region, with no certainty that it will ever even regain today's share price. No one should have more tied up in BTC than he could lose without detriment to his life. To my mind, it is far too early to start buying again.

How high might the price go over time? I do not know, but I can't see how you value a stock like this at more than 20 times net profit (after amortisation of the cost of the mining kit and allowance for its replacement) plus the value of crypto in the treasury. Personally I should feel I had done very well indeed if if ARB reached and plateaued at £2.

Please be careful if you have punted heavily on ARB. Stocks like this are for a bit of fun with pin money. There is no joy in any investment if it keeps you awake at night.

The SNF estimate of £3 current fair value is for the fairies. No one should give any credence at all to that, still less to his pie in the sky £10. It is not difficult to work out the sustainable net profit ARB would need to earn to justify those figures, and to make an educated guess at the capital investment and turnover required to earn such a net profit. Complete and obvious eyewash.

[suffersnofools] 26/1/2021 22:31

Leon - look at Mara's market cap and profits compared to ARB. Then let that sink in a while.

[yump] 26/1/2021 22:11

Leoneobull

This year likely 50mln revenue if btc stays up.

If it goes to 50k then obviously more, but in Arb’s case its worth looking at a multiple of likely net profit - thats a better measure of the business itself.

[nico115] 26/1/2021 22:09

Are these numbers good enough to justify our mkt cap of c300m ?

[crypto nugget] 26/1/2021 22:02

If I'm not mistaken Leoneobull - its all forward looking.

SNF has the full rundown on the figures.

[leoneobull] 26/1/2021 21:53

It's not that much revenue compared to the market cap?!

[suffersnofools] 26/1/2021 21:53

Not for much longer Yump. Consolidation can be frustrating but there'll be no mistaking when the next leg up starts. It will be an impulsive move.

[maddymoo] 26/1/2021 21:51

Alm6 thanks for the clarification.

[nico115] 26/1/2021 21:49

Buy at 30k yumpy

[yump] 26/1/2021 21:41

Looks like BTC has become very indecisive.

[yump] 26/1/2021 21:40

I'll just add that all you have to do to see the ridiculous level of profitability is just to consider what something like 1mln of net profit looks like compared to 2.2mln of revenue.

Monthly depreciation is around 500K I reckon (6mln/12)
Monthly overhead around 170K

In December 60% margin on 1.63mnl = about 1mln
Minus 500k minus 170k is around 300K net profit thats 20% ish of revenue.

January could be 2mln at 70% (PW mentioned above 70)
Thats about 1.4mln
Minus the 770K - that's 700K net profit - thats 35%

Silly money, as long as BTC stays up and efficiency is 60% +

[nico115] 26/1/2021 21:22

Good man ?Pm me in the morning x

[crypto nugget] 26/1/2021 21:12

Thanks SNF.

Finger over the buy button in the morning then!

[nico115] 26/1/2021 21:01

A Turn is a turn I had a mare with asos I bid 11.5p for 1m shares but seller wanted 12p and the rest is history !!I can't complain though as market has been good to me over the years GL here

[suffersnofools] 26/1/2021 21:00

If we get a Nasdaq listing, yes, definitely. The only two potential issues to BTC are the markets crashing. Ultimately bullish for crypto but It would setback the price in the short term. And Tether blowing up.

[bakedbean] 26/1/2021 20:59

Well done u .. one that got away for me was ASOS ..had them bout a penny and sold for a small profit ... other that I'm rubbish lol

[nico115] 26/1/2021 20:55

No chance as mining difficulty increases and more competition 230p is my target price here BWTFDIK

[nico115] 26/1/2021 20:54

Yes feel sick to be honest I started in 1986 putting 5k intoShares and luckily had 7 disclosable stakes over time which multi bagged ,and had some good ups and some downs I'm too big here so praying for a recovery in Argo price