Argo Blockchain Share Discussion Threads

[slicethepie] 05/7/2019 09:12

Dum question ..can they mine other currencies than bitcoin ?

[liveit2] 04/7/2019 17:10

Crazy market - but I guess its way too disruptive for some to accept that the world is changing - all western governments are worried what it would mean to them - cos they cannot control it -

I have time and patience - let the experts catch up

[idiot441] 04/7/2019 16:33

You know your calcs are right... and the forward p/e is probably 1 yes one!!!

Mkt cap is still under £30m.
My first target £100m

[liveit2] 04/7/2019 16:15

Idiot - can you remind me of our market cap

and how must did we just spend

and please let me know what the PE ratio is

This is a crazy market - with such a disruptive business case - this a crazy market - we will allow them to wake up and then smell the coffee - in the mean time I will chip away as funds allow

[fidra] 04/7/2019 16:14

Interesting that they state the payback time on the machines.$13m for the latest ones take that over a year that is $34.6m profit.add in the ones we already have that’s a further $26.8m approx so free cash of maybe $60m per annum at $11352 bitcoin.say at 7 times earnings market cap 420m$ or approx £336m.

That’s about 13 times today’s market cap.if I am correct in those assumptions.

Today’s market cap 26m£

[liveit2] 04/7/2019 16:07

yes but we are printing it much cheaper as of a few days ago

edit to add - 40% cheaper

[idiot441] 04/7/2019 15:57

Liveit2 we never stopped.
And even better... it's 24x7!!!

[liveit2] 04/7/2019 15:39

btc over 11800 - lets start printing money :)

[idiot441] 04/7/2019 15:31

Stoneme I don't think there are any. Not worth the paper they are written on anyway!

Use the recent RNSs.

I think we WILL see broker notes on coming weeks. Our poor chairman is going to be fighting the calls off!

[stoneme] 04/7/2019 15:26

I took a punt. Now doing more in-depth research. Anyone have links to current broker notes please?

[savvy investor] 04/7/2019 15:13

Totally agree Ragnar the Viking, but doing sums on BTC 8000 so I keep investment with room to surprise on the upside. 10p is very realistic today now 9p goes and BTC rising and more and more people doing the sums on this piece of gold. It is great to own so many shares of something so clearly undervalued as there is so little risk, imho

[ragnarr] 04/7/2019 15:07

Savvy - BTC climbing back again - a little prediction - BTC will hit 20,000 USD this year - mark my words.

[savvy investor] 04/7/2019 15:05

BTC below 12k only just, and perhaps the last chance of buying below 10p today with potential BTC short squeeze (or not of course). I have topped up today and now wait for th boffins with calculators to work out what is staring us in the face at this crazy valuation. Don't think because the market has not reacted that you are wrong, I have made that mistake once to my huge peril!!

[savvy investor] 04/7/2019 14:39

While BTC has rebounded $2000 in days, if the commentators are correct there is potential for a short squeeze shortly with those that recently shirted along with stubborn linger term shorts from BTC 17k last year might close quickly. 15k could be days away... or not of course, but either way, look at the numbers with BTC at 8000 and see the rest as cream (or white gold ) on top. The great thing about this model is BTC increase is pure margin as costs are same, the number at 8000 are amazing, at 11000 they are mind boggling, at 15000 I see us valued at 50 - 100p if it stays there for a while, and then of course it may not stop!!

[whoppy] 04/7/2019 14:29

Can't believe this is not in double figures.

[idiot441] 04/7/2019 13:07

Be VERY sure ... there is a long term strategy. Just check out the bios of the directors on the website. They are not playing at this and will not stop until it's the biggest and most efficient miner in the world.

It will b funded from organic growth I believe.

And yes... dividends are in mind they said at AGM. But will most likely be reconsidered with year end figures - Dec.
I like the strategy. Aggressive expansion funded without debt or dilution. Followed by pay off!
.. aggressive

[savvy investor] 04/7/2019 12:55

If BTC were to FALL back to 8000 the numbers are STILL staggeringly good. I calculate even at this level we would be looking at a forward PE of close to ONE, yes ONE ie a year and you get as much profit as the company is currently worth. Hence the share price could go up 7 fold and BTC fall to 8000 and it is still cheap imho. Now add the potential for BTC at 16000, and the dividend or perhaps share buyback or takeover or merger and you tell me what is fair price, but is sure as you like should not be here. I really see this as a retirement bagger without much stress, and happy to hear what I have missed...???

[idiot441] 04/7/2019 12:54

Be VERY sure ... there is a long term strategy. Just check out the bios of the directors on the website. They are not playing at this and will not stop until it's the biggest and most efficient miner in the world.

It will b funded from organic growth I believe.

And yes... dividends are in mind they said at AGM. But will most likely be reconsidered with year end figures - Dec.
I like the strategy. Aggressive expansion funded without debt or dilution. Followed by pay off!
.. aggressive

[hootza616] 04/7/2019 12:42

Agreed, just wondered if anyone knew what the long term strategy is. And don't call me Shirley!

[stoneme] 04/7/2019 12:29

Had not considered this. Surely, they would continue to invest. If the model for mining is working, why would we want the cash if they can continue to drive profitability?

[hootza616] 04/7/2019 12:20

Once all the investment is paid off are we expecting a dividend here?If the forecast is right they will be swimming in cash (bitcoins) very soon!

[fidra] 04/7/2019 10:58

Not sure what’s not to like about his one.unless bitcoin craters to below $3500.00

Looks like product ramp up to about 340 month then finally up to over 700 btc per month .

At even $10000.00btc these are phenomenal numbers.

Not sure why the share price has not gone up more with the avalanche of recent news .

[ragnarr] 04/7/2019 10:29

Bitcoin (BTC) continued defying expectations to retake $12,000 on July 4 as analysts increasingly compare its performance to 2017's parabolic rise. Data from Coin360 showed BTC/USD retracing slightly to $11,680 after hitting $12,025, continuing a rebound which began on Tuesday. Bitcoin's behavior had surprised most earlier in the week, after a bearish move downwards to just $9,700 suddenly U-turned, mushrooming into fresh growth. Now, charts are looking increasingly like a repeat of bitcoin's progress in the second half of 2017, regular trader Filb Filb says. Despite uploading what he described as a tongue-in-cheek chart, its prophecy - $14,000 - would nonetheless likely come true, he explained, noting bitcoin must first clear resistance around $12,100. "Last couple days were a bear trap (in my opinion) and Bitcoin continues to look strong," fellow trader and investor, Josh Rager, continued. "Lots of buyer interest at $10k and see a move up over $12ks this coming week[.] One step at a time, will look to new yearly highs after $12k/$13k reclaimed."Bitcoin's 2019 high so far resides at just over $13,800. In future, prediction models suggest, a year-end price of $21,000 would be appropriate, eclipsing the 2017 all-time high of $20,000.Bitcoin meanwhile also continues to climb in overall market dominance, currently accounting for just under 63% of the total cryptocurrency market cap - the highest since the 2017 price peak. The figure spells out ongoing pain for altcoin investors, with major tokens failing once again to match bitcoin's growth performance. Against 6% gains for BTC/USD, ethereum (ETH) remained stagnant, so far only briefly reclaiming the $300 mark.

[dafad] 04/7/2019 08:32

So if bitcoin goes up payback is quicker!
Worst case if it goes back down to 4k,payback in 12 month's

[idiot441] 04/7/2019 07:12

New RNS.

Awesome.