Argo Blockchain Share Discussion Threads

[plat hunter] 27/5/2020 20:47

And yet keeps going down, my analysis is a lot simpler and seemingly a lot more accurate too.Sub 4 inbound

[bisho4] 27/5/2020 14:36

May's Operational Update should be out in a week's time.

The halving occurred on 11th May, so 1/3 of the month will be at previous levels, and let's assume, ceteris paribus, that the remaining 2/3 of the month will be at 50% of previous efficiency.

That would mean:
- 220 BTC mined
- mining revenue of £1.2m
- mining margin of 67%

This isn't taking into account the additional 1,000 S17+ machines that are up and running (+6% more capacity, taking ARB up to 18,000 machines). This is also not taking into account any reduced difficulty from inefficient miners starting to drop out, and the higher value of a bitcoin during the month (+25% higher).

I would like to see mining revenue of £1.6m, and anything over that is a bonus.

As the value of BTC gets higher, and the difficulty rate drops, this should go straight into the bottom line.

If the board really want to put a rocket under the sp, June's Operational update might include mention of a dividend once the mining landscape has become a little clearer...

[dennisbergkamp] 27/5/2020 10:32

Have I gone colour blind??? Is that a blue colour I see?? Bit huge I know, but something that isn’t red for a change

D

[plat hunter] 27/5/2020 09:31

It's not a bargain.. This pile of nonsense is over bailed by around 4p.The only people making money here are the bod, their circle of service providing cronies and shorters.Everyone else here will lose their shirt

[bisho4] 27/5/2020 09:04

Nico, now is the time to buy ARB because there is so much negative sentiment, even amongst its own long-term holders. This is a money-making company and the share price can't realistically get much lower.

However, I am a little bit fed up of these bargain prices ;)

[hootza616] 27/5/2020 08:58

Crack on, what's stopping you?

[dennisbergkamp] 27/5/2020 08:28

Some update from the company would be useful

D

[nico115] 27/5/2020 08:00

Rather buy Btc than Argo

[parsons4] 26/5/2020 22:20

GOLD down $25 per oz and very often on ADVFN I don't get a price for BTC. The main investment community is against BTC just like they are against GOLD, another reason I like BTC !!!!

[parsons4] 26/5/2020 22:13

The biggest BULL case here IMHO is that when general STOCK MARKETS and BOND MARKETS start to tank and institutional and private investors look for an insurance policy they only need to invest a fraction of their portfolio in BTC to have a huge effect on the price. Do you know why ??? because there is a very limited supply, just wait for the real disaster from Coronavirus. This is going to be a very difficult ride but I am sure the end result will be a huge increase in BTC and therefore also ARB

[dennisbergkamp] 26/5/2020 16:05

Bloody hope so!

Where this is currently trading is ridiculous

D

[plat hunter] 26/5/2020 16:04

Hootzah stop ramping... they haven't made a profit and it isn't sustainable.

[suffersnofools] 26/5/2020 15:51

Next update should help demonstrate continued profitability post halving.

[hootza616] 26/5/2020 15:48

Would be a strange thing for a company making a clear and sustainable profit while grabbing more market share by the day.But anything is possible.

[nico115] 26/5/2020 07:11

In at 12p so don't want to cut money Plus I'm bullish on Bitcoin Just very worrying directors don't see any value here

[suffersnofools] 26/5/2020 07:08

Nico - no one cares! You're self evidently a clueless trollAnd director buys are never a good indicator of future company success.

[hootza616] 25/5/2020 21:26

If you are so sure of 3p why not sell and buy more shares when it drops?I guess you must be even more sure of a higher price at some point otherwise holding doesn't make sense for you.

[nico115] 25/5/2020 20:19

I hold 900k shares Target 3p until I see a director buy

[mcfly79] 25/5/2020 19:42

Argo also had a £4.1m deposit with the power company at year end, which makes the numbers even better.

[mcfly79] 25/5/2020 18:56

Market cap is around $16m at the current share price. The company had cash and crypto assets of £2.3m on 28 April and the £1.1m loan outstanding at year end will be repaid by the end of June.


So enterprise value may be around $14m currently.


Even after the drop to $8,900 they will be making about $5.2m per year mining profit at the current difficulty, with 730 PH of capacity, using 33MW of power and using a USD 0.05c/KW power cost.


Difficulty is due to drop again substantially in 10 days times with a forecast 10-16% drop in difficulty.





That changes the $5m annual profit to $7.3m-$8.8m


That puts us on an earnings multiple of under 2.

[hootza616] 25/5/2020 00:49

BTC at sub $9k is good for ARB.

[parsons4] 24/5/2020 16:36

Last 3 posts were all good IMHO. The May figures should be good and then the eventual increase in the value of BTC will confirm the BULL CASE for ARB. I am hanging in here.

[horneblower] 23/5/2020 20:38

If BTC keeps its nose above 9k it'll be fine.
A close below 8,500 would likely lead down to 5,500.
Not the end of the world, but ARB would retreat to 3p again.

But that's not going to happen since the Dow will go down, BTC will rise and ARB will follow upward. Ola.