I rarely comment. |
How much BTC does ARB hold, Sharetalk, and how does that compare with other miners? Relatively, is ARB's balance sheet going to benefit as much as the other miners' balance sheets?
Looked at relatively though, I concede that ARB at least looks a safer bet than QBT. You have been touting that as a 100 bagger. Since you started your own thread to tout it its share price has fallen well over 90% from its 3.5p high last year, and is down over 60% this year, a year you have ramped as 'transformative' for QBT !!
Is your day job a kennelman ? Is your portfolio 100% canine? |
The bitcoin price is rising.At this rate bitcoin could be $70,000+ this month and $100,000 by November.Makes ARB interesting. |
JakNife, Yes I understand all that. I acknowledged that imminent collapse has been averted (as it has), but the point of my post was that I see no way from here to prosperity for ARB. That is why I sold the last of my ARB holding and got out - when the share price was over 30% higher than it is now.
I remain enthusiastic about BTC (which I continue to hold) but not the crypto miners as an asset class, and certainly not ARB as a member of that class. The stronger miners at least offer opportunities for trading, but ARB is not even on my trading watch list. |
1knocker,
"Yes, ARB is holding at present. The current management has stabilised the business, disposed of assets, and paid down debt."
When you says "stabilised" you understand that it's been "stabilised" at a permanently loss-making level?
And that after they've "paid down debt" they still have $40m of bonds and that they trade at a mere 40% of par:
ie a super-distressed level?
JakNife |
Yes, ARB is holding at present. The current management has stabilised the business, disposed of assets, and paid down debt.
I still think though that holders and prospective buyers need to look at the balance sheet and ask themselves where, operationally, ARB goes from here.
Note: I have no skin in the ARB game. I do not currently hold any ARB. I sold he last of my holding at a tad over 12p.
I do hold BTC. |
Arb is holding strong - chung
No death spiral here.
Silly wee chung |
Pathetic wee chung following me onto PPS thread for revenge.
Grow some balls and a backbone, chung, no one likes slimy posters. |
Hows your partner is slime, Mrs deccer ? |
Thanks for the wealth transfer. |
tenapen26 Apr '24 - 08:37 - 34153 of 34434
0 3 0
Ken Chung - 14 Apr 2024 - 07:33:26 - 34061 of 34153
Bitcoin just $64,557.
Will ARB go bust after the halving next week?
Lemmings and mushrooms only.
Ken Chung - 14 Apr 2024 - 00:17:44 - 34060 of 34153
Bitcoin just $65,164.
Will ARB go bust after the halving next week?
Lemmings and mushrooms only.
Ken Chung - 12 Apr 2024 - 22:32:40 - 34057 of 34153
Bitcoin just $66,848.
Will ARB go bust after the halving next week?
--------
07/09/24
I guess the answer is NO, ARB isn't going bust and it's staying strong in a weak crypto environment.
Silly wee chung |
This is dropping every day.
Lemmings and mushrooms only. |
You keep on posting that ARB's - share price will 'death spiral' but it doesn't !
Mmmmmmm !
Silly wee chung |
This now losing money every day.
Lemmings and mushrooms only. |
Lemmings and mushrooms only. |
 I have been saying for some time that I don't see a way forward for ARB. It has no USP anymore, its balance sheet is weak, and it is small, too small I think to raise sufficient capital to transform its prospects. If BTC remains weak, it is in trouble, and even if BTC strengthens the bigger miners will ramp up their operations, difficulty will increase, and ARB won't make sufficient profit to grow organically and it has no significant stash of BTC to give its balance sheet a lift.
I took the hit and sold the last of my ARB a while back at a bit over 12.
No one has explained where they see a future for ARB, or any reason for holding it in preference to one of the big miners save that it is held on a UK exchange thus saving FX charges when buying and selling, which does not seem a compelling reason to me unless you see it purely as a trading play.
Personally, if one is bullish BTC, or just wants to keep a finger in the crypto pie, the obvious answer is to hold BTC (or other coin of choice) directly, or through a holding in MSTR if you want to avoid the hassle of buying BTC direct.. |
Just concentrate on MSTR in your ISAs folks for any action in BtC and with your technical charting, where do you now see any significant support forming in BtC HB?
...Are we looking in the late $40ks because at this rate there seems to be very little support otherwise. |
Someone will need to explain to me how this thing is still trading up at 9p given the horrific financials and impending collapse |
Also, I reckon they depreciate their machines too slowly. Always have done. |
Current Mv of about 60m.Monthly mining margin about 200k at 10%. Depreciation of mining machines 1m per month so gross margin actually -800k for month. Add on to that operating expenses 1m per month and interest costs of 300k, losing about 2m per month from operations. Burning more than 1m cash per month. Assets 20m less than liabilities. MV should be zero. Sp 0. It's only a going concern if it can keep issuing equity, which will simply cover operating losses. Hard to see auditors signing off 2024 accounts as a going concern. End is nigh! |
You think there's demand for mining machines?
It beats me how high the share price is still. |
Good point. I suppose they might as well wait until it goes into administration and just by the mining machines. |
ARB in danger of losing their US listing if the shareprice goes much lower. |
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