Argo Blockchain Share Discussion Threads

[mreyeguy] 20/5/2019 10:05

Share price hasn't moved, someone's having a massive dump in the background haha

[mreyeguy] 20/5/2019 09:18

Do one fella I'm entitled to my opinion and I'm calling 5p you imbecile

[rmart] 20/5/2019 09:13

MrEyeGuy, what a clown.

[mreyeguy] 20/5/2019 09:09

SOLD ! Share price is stagnant and can't break through. Retrace back to 5p level IMHO

[mreyeguy] 20/5/2019 08:56

We will do well here, lots of interest and sea of blue. Still holding by my statement 10p close today

[mreyeguy] 20/5/2019 08:42

#YEP - This will bag today, sit back and relax. Close above 10p

[newtothisgame3] 19/5/2019 21:06

Frank Timis in bitcoin battle with Argo Blockchain
Kate Burgess 7 HOURS AGO
Cryptocurrency bewildering at best of times without adding clash worthy of Minecraft

[guyswonga74] 19/5/2019 07:57

Bitcoin up 15% nearing $8000

[babbler] 17/5/2019 14:26

nope. Who knows. I'm in for next update and news. GL.

[guyswonga74] 17/5/2019 14:05

Hi Babs. Some whopper 500k sells yet price remains the same. Can you explain as it seems to me there is a ready buyer

[babbler] 17/5/2019 11:59

6 9s were buys. Now into 7s... Nice consolidation.

[guyswonga74] 17/5/2019 11:28

Looks like a buy order being worked

[nico115] 17/5/2019 10:09

Nah worked sell

[dingo75] 17/5/2019 09:11

This is one very healthy cash generative cow

[slicethepie] 17/5/2019 09:05

Can't find it in the r&ac but companies normally have the right to issue a certain % of new shares without recourse to shareholders typically 10-20%

[horneblower] 17/5/2019 08:46

74tom. A share swap doesn't work like that.
They've agreed a relative valuation between themselves so that they can each take a portion of the other's shares. This does not mean they have to go into the market and buy them. It also does not mean that the rest of the market agrees with their valuation. Currently the market values them at 7p. That is the only basis that counts.

[tidy 2] 17/5/2019 08:36

Bitcoin bouncing strong.

[74tom] 17/5/2019 08:08

Just imagine a set of scales with 44m shares on the buy side at 11.7p...That is the setup we have at present!

[tidy 2] 17/5/2019 07:55

EyeGuy 16,463 postsRE: .Agree that 11.6p fair value is based on BTC possibly $3500 ish. With BTC at today?s price I make it ?450k ish profit cleared per month (based on mining 127 bitcoin) and the costs fixed to what has been reported.But they will be mining more based on the hive tie in and also purchase of new machines.As I said if you take off cash, hive shares and the 400 BTC they have , the whole business is valued at about ?0.?500k per month profit should be valuing this company at about ?80 million at today?s BTC price if you add on the cash imo.

[74tom] 16/5/2019 21:38

Some maths;

In April, Argo predicted they would generate £220k of crypto assets at a BTC price of £3935 - equivalent to 56 BTC.

They then purchased 1000 Bitmain Z11 mining rigs for £1.3m, which was predicted to boost mining to £500k in May @ £3935 - equivalent to 127 BTC.

They predicted that it would take around 9 months at £3935 per BTC to repay the £1.3m - so 36 BTC per month. At the current price of £6300, it will take under 6 months to breakeven on the Z11’s.

In the last week we have heard that they have purchased another 1000 Bitmain S17’s for £1.5m + 783 S17’s for £1.15m. Assuming their productivity is similar to the Z11’s they should be producing an extra 60 BTC per month by the end of July. So 190 BTC per month in total.

This would give an annual run rate of 2280 BTC, which at $8000 per BTC would be $18,240,000 per annum.

HIVE Blockchain had mining income of $35.2m in 2018, and has a current market cap of £120m.

ARB current market cap : £22m/$18.2m revenue run rate = £1.2m per $1m of revenue.

HIVE: £120/$35.2 = £3.4m per $1m revenue.

If ARB continued to re-rate to reach the equivalent value of HIVE, it’s market cap would be;

£3.4m x 18.2 = £62m or 21.1p per share.

Based on the above analysis, buying 250k at 7.5p could become £50k pretty quickly, so I’d say it a very smart decision - time will tell if I was right or wrong!

[babbler] 16/5/2019 18:51

depends how long you plan to hold... BTW 500k was worked buy imo