Argo Blockchain Share Discussion Threads

[webpax] 25/6/2019 11:47

Thanks very much Idiot441 for the AGM notes.

When you say 'couple of institutional MAAS clients on board' do you mean signed contracts? I would have thought they would have had to RNS that?

[idiot441] 25/6/2019 11:05

.. Operations update for June will be issued next week. Perhaps as early as Wed.

.. further operations updates as and when sensible and useful. So may be bigger gaps if no significant news.

.. Hardware all operating as expected.

.. Hive deal progressing. Main issue is resolution of Hive/Genisys dispute and Argo/Hive deal will only happen if settled. Clearly may run beyond 30th June but hopefully "soon".

.. couple of institutional MAAS clients on board but FIH not closed yet. 

.. FIH will be as I expected... MAAS... and start smaller and ramp up

.. Treasury is managed so that roughly half is hedged via Stablecoins and/or fiat. Reviewed regularly - as we would expect.

.. Hope to make new director in near future. Perhaps July. Good progress.

.. no current plans for a dividend policy - too soon

.. bad debt in April accounts is currently written off for prudence. But they hope to recover the debt in due course.

[idiot441] 25/6/2019 11:04

AGM was over after about 15 mins and Mike then took questions. Only about 3 shareholders there!! Plus half a dozen lawyer and broker types. Mike was open and I liked what I heard. Tim was also good to meet and professional. Details follow. All resolutions comfortably passed of course.

[geheimnis2] 25/6/2019 10:51

do we actually know what monthly output will be once all the new equipment is in place?

[techtrend] 25/6/2019 10:38

I'm awake, in fact I bought more this morning... and have been imagining exactly that! Although IMO all we need for a serious rerate is for BTC to stay above $10K

[btfd] 25/6/2019 10:28

Wakey wakey everyone. Bitcoin at $11,250. ARB's Q2 BTC output valued at $4.7m.. Extra mining equipment in place for Q3.. output about to double. And imagine if BTC keeps rising?

[savvy investor] 25/6/2019 08:12

Thanks Idiot! 32p is my target for my own 7 figures... 😁. Yes was institutional but so unclear what that means at all.

[btfd] 25/6/2019 08:02

Fly my dear ARB .. Bitcoin has broken 11,000

[idiot441] 25/6/2019 07:38

Up at 5am for drive to London! Arrived Richmond.

I think the £1m is for institutional MAAS. So will try and understand if happening.... how much existing hardware and how much new h/w needed. I suspect the final agreement will be to start at say £100-250k... and ramp up as h/w delivered. But let's see!

Should be a good day! GLA!

[savvy investor] 25/6/2019 04:12

This really could be 20p+ very quickly, in fact should! The market had truly mispriced this, and that is Before the run up of BTC from 5000 to where it is now. Barring something very unexpected or a massive fall of BTC below 7000 this I'd like printing money. The extra HW coming on line is MASSIVE.

For the AGM, except all the very obvious things already mentioned by me, idiot and others there is one golden ticket where we still have next to no details and it could change the game completely. The Enterprise investment of $1m AT LEAST per month that was announced, what on earth is it? Capital investment? Cant be revenue, or is it some sort of new licensing revenue to provide crypto services to enterprise, banks etc......IT COULD BE A GAME CHANGER AND THE OTHER GAME ALREADY SHOULD PUT THIS TO 20P.

please share any news idiot and others that attend, THANKS

[btfd] 24/6/2019 10:04

Buy and hold. This bitcoin rally doesn't look finished anywhere near here. Assets increasing daily .. completely undervalued at this price.

[hootza616] 24/6/2019 09:31

Glad I topped up on Friday. Should be a nice little earner here!

[idiot441] 24/6/2019 08:42

Anyone attending AGM tomorrow? Should help news flow and get market to understand true value and prospects.

[top tips] 24/6/2019 08:34

I'm up over £42k this month here. Keep it coming please.

[nico115] 23/6/2019 13:03

Align stating the obvious

[idiot441] 22/6/2019 19:27

Align Research via lse

@AlignResearch

Given sharp move in #bitcoin this w/kend the price of Argo Blockchain #ARB looks seriously disjointed to us. Fundamentals look to equate (on cash & crypto asset value) to 8-9p to us and per chart attached technical set up indicates 10p+ imminently.

[btfd] 22/6/2019 08:48

Flying! Looks very strong now. ARBs value jumping every day.

[idiot441] 22/6/2019 04:20

FOMO???!!!
recent print $10,889.00

[idiot441] 22/6/2019 01:46

Recent print BTC $10,130.90

Having broken this psychological barrier I suspect we will see even faster moves higher still as people rush for fomo (fear of missing out). Creating more volatility. 

AGM on Tuesday and next operations update will be very interesting. I am attending AGM.

[geheimnis2] 21/6/2019 16:53

haha just a thought, s25ava?

[s25ava] 21/6/2019 16:27

Hope it's not the kiss of death but jumped in today. Seems a good way of getting into crypto and hoping I'm in at the bottom with one way to go!

[savvy investor] 21/6/2019 13:57

Doubling down my 24 hour prediction, 10k looking potentially minutes away. I believe there are likely to be some accumulation buys in place and MM collecting small sells to fill at well over 7p. I know a fools game predicting etc but its good fun 🙂