Argo Blockchain Share Discussion Threads

[ragnarr] 28/1/2020 17:42

could see retraction to around 8700 before next leg over 1000Just my take

[suffersnofools] 28/1/2020 16:44

Rejected at resistance again. Need a close above the 9100 level on the 4hr before I'm convinced.

[1new guy] 28/1/2020 15:22

Nice back at 7p. I wonder if it will carry on?

[brasso3] 28/1/2020 12:08

Looking at the last two halvings, the Bitcoin price moved substantially in the post 6 month period. I guess this is logical with the reduction in supply providing the demand remains flat or increases.

[parsons4] 28/1/2020 11:57

Anyway
GOLD at $1580 and BTC at over $9000 things are looking good. ARB are still one of the easiest and best ways to play the BTC game IMHO

[hootza616] 28/1/2020 09:04

We had an original investor selling here a few months ago and they were selling in 200k chunks twice a day. I don't see any sells greater than 100k today so not sure if it's just traders taking a small profit.

[parsons4] 28/1/2020 08:52

You are right it is more likely some of the original investors who had very cheap shares. If Mike was selling there would have to be an RNS at some point.

[topazfrenzy] 28/1/2020 08:42

I don't know, but someone keeps selling ...

[parsons4] 28/1/2020 08:41

Why would Mike sell at these levels, he knows how well the company is doing, let's face it he is a general entrepreneur not a BTC fanatic so he has moved on.

[topazfrenzy] 28/1/2020 08:15

Mike is probably selling however, he has a huge position, so I think that is why the share price is being held back?

[parsons4] 28/1/2020 07:03

Just watched the interview with Peter Wall. Very happy he used the word "smart" a few times. That's how he wants the company to grow, in a smart way. He is young, enthusiastic, nerdy (in a good way) and says that not much is going to change. He is also very bullish on BTC (which you would expect). I am down on my investment here but very happy with my position. A big point to consider is that playing the BTC market is not easy as the price moves around so quickly and you can be stopped out and lose huge amounts !!!
How then can you play the BTC market ?? ARB of course Well JW has now realised that so have I and more and more others. IMHO if BTC takes off, like many think it will, ARB are going to be a fantastic investment, even if BTC doesn't take off ARB are still cheap. There is fun ahead here I am sure. Once again GLA

[scottman72] 27/1/2020 21:09

Weekly macd needs to close positive but the bull run has started.
Roll on 18k

[homebrewruss] 27/1/2020 20:43

Latest proactive interview

[ragnarr] 27/1/2020 20:39

Looks firmly in Bull territory to me

[suffersnofools] 27/1/2020 19:32

Wants to have a crack at 9100 in a hurry

[scrutable] 27/1/2020 13:25

ragnarr

That was most helpful. Thanks a lot, every one who answered.

[mnomis] 27/1/2020 13:20

Yip - hopefully they can improve their reporting.

[slicethepie] 27/1/2020 12:40

The numbers stated by them add up to 9.22m not 8.5m so an error somewhere. Ie H1 2.93 Q3 3.63 Q4 2.66

[ragnarr] 27/1/2020 12:38

It was confirmed that Q3 produced 426 coins with a revenue of 3.63m and Q4 produced 432 coins with a revenue of 2.66m. The reason for the lower slowed production and lower revenue was the increased difficulty and lower BTC price.but looking forward Q3 results were from approx 6000 machines in production and it was announced that half way through Q4 this had only increased to 7000. But somewhere between December and 20th Jan this has now increased to 13364 machines online and set to increase throughout this Quarter to 17000 machines.My point being that Q4 results were from 6000 to maybe 8000 machines when they now have almost double that in production

[suffersnofools] 27/1/2020 12:26

Correct.The real value here will become apparent after the halvening when whole swathes of miners are forced to shut down until the price of BTC reflects the increased difficulty. Meanwhile Argo's efficiency will continue to be profitable......

[king suarez] 27/1/2020 11:35

Correct - in accounting terms, revenue must be coins mined in the period, regardless of whether sold or un-sold.

[mnomis] 27/1/2020 11:25

Of course revenue includes unsold coins. They would either have cash (if sold) or a Bitcoin on the balance sheet as an asset - the other side has to be revenue!

[horneblower] 27/1/2020 09:46

Revenue would not include unsold coins. But if they were sticking to their policy, there would not have been significant stocks of coin.
Increased difficulty of mining and the lower price of btc are, presumably, the reasons.

[scrutable] 27/1/2020 09:11

Does Revenue for the year of £8.5m announced today exclude BTC mined but not yet sold?
If BTC mined IS incuded then the Revenue of £8.5m for the FY implies a fall in value for Q4 Revenues, which would be very surprising.: H1 total £2.93m + Q3 £3.63m leaves only £1.94m revenues for Q4.

Am I missing something? Was production value so low?

[topazfrenzy] 27/1/2020 08:58

Annoyingly, I think this will be taken out around 20p this year, around the halving, it's worth much much more of course