Argo Blockchain Share Discussion Threads

[gaffer73] 31/12/2020 14:04

Thanks for the link. That is basically what I was getting at. So the question for Argo is at what point does the halving become unprofitable before transaction fees are introduced across the board. No issues if bitcoin carries on the way its going I suppose.

[suffersnofools] 31/12/2020 14:04

Complete non-event. Just a glimmer for the trolls.

[babbo1] 31/12/2020 13:08

And that's what concerns me !

[kcowe] 31/12/2020 13:04

He has responded to a post on twitter dated today at 12:31:

"Happy to explain - these warrants were expiring in February and were a minor part of my shareholding. Still have 5.7m options, 1m warrants and 570k shares bought this year. Shareholder value is being delivered and I’m extremely optimistic for 2021. Going to be a great year."

[amch] 31/12/2020 13:01

Twitter post doesn't explain why he sold. It just highlights that he has been given lots of options.

He has only invested £20k in the company (his current shareholding of 570k shares which he bought at 3.5p in July).

So he has bought shares for £20k in July and made £300k from his sale of the 1.4m shares yesterday.

[yump] 31/12/2020 12:55

Directors won't buy or sell when you want them to and that's been the case for a long, long time. Its only in retrospect that any conclusion can be reached eg. the BIDS guy bragging about revenue and then dumping.

Also, I've never understood how its at all sensible investment to have your pension, your salary and your shares in the same business. Having a stake in your company has been encouraged for years for employees, but that goes against general investment advice. There are loads of employees who only have shares in one company - their employer - which is daft.

[crypto nugget] 31/12/2020 12:50

Hello all, a bit late to the party today, a rather disturbed night and as its half day closing today didn't rush.

FWIW I think both SNF and amch are right. History does tell that director dealings aren't a very reliable guide, but a bit disappointed with his sale, even if he had to raise funds for the warrant exercise.

As amch notes, I would have thought he'd be pleased to add to his holding overall.

Maybe he thinks BTC is in for a short-term pullback, but in that case I will then put my plan in operation to add here on any dip in the share price over 10% and hold long term until BTC reaches $100,000.

A happy, healthy and prosperous new year to everybody and thank you for all the advice and information that has been posted here.

Lets all hope that 2021 is a much better year for everybody.

[yankeekraut] 31/12/2020 12:49

check twitter. PW has already explained the RNS / transaction.

[amch] 31/12/2020 12:45

He would only need to sell 380k share at 29.5p to pay for the 1.4m warrant exercises at 8p.

He chose to sell 1.4m.

There could also be a tax liability on the warrant exercises but it wouldn't need him to sell all 1.4m.

He isn't prepared to add to his holding. Not even at 8p.

[suffersnofools] 31/12/2020 12:40

Amch He had to raise cash to pay for them. Not complicated surely? Has there ever been a troll who wasn't a dimwit?As an aside, director transactions have been statistically proven to be a terrible indicator of future performance.

[aidenabettin] 31/12/2020 12:30

This is an establishment company.They look after CEO's.The CEO doesn't do this without instruction from above.Just standard procedure.

[amch] 31/12/2020 12:28

Not a great show of confidence in the company.

Exercises 1.4m warrants at 8p and sells 1.4m existing shares at 29.5p.

[aidenabettin] 31/12/2020 12:27

Same amount as the CEO at BIDS was paid.$300k must be the going rate

[sirrux] 31/12/2020 12:08

Yep - Peter looks committed, onwards and upwards.

[dennisbergkamp] 31/12/2020 12:07

Easy free £300K for PW

D

[gspanner] 31/12/2020 12:01

Good for Peter, I’ve been pretty convinced by his management thus far.

He probably needed to do this to buy the warrants.

[mnomis] 31/12/2020 11:44

Re comment on transaction fees being high for every day transactions, my personal view is that this is more akin to gold - people don't buy a coffee with their gold, but might cash in some holdings into fiat for a big purchase on occasion when needed - big investment theme for me is the coming inflation from the "printing presses" working overtime at the CB's ... gold the traditional inflation hedge, BTC seems to be a good partner in crime ...

[suffersnofools] 31/12/2020 11:38

Argo Blockchain PLC Exercise of Warrants and PDMR DealingSource: UK Regulatory (RNS & others)TIDMARBRNS Number : 3074KArgo Blockchain PLC31 December 202031 December 2020Argo Blockchain PLC('Argo' or 'The Company')Exercise of Warrants and PDMR DealingArgo, the leading cryptocurrency miner based in the UK LSE: ARB), announces that it has received notices of exercise of certain warrants ("Warrants") over ordinary shares of GBP0.001 each in the capital of the Company ("Ordinary Shares"). The exercise notices relate to Warrants granted in connection with the Company's admission to the Official List and to trading on the Main Market, some of which were due to expire in February 2021.As a result of the exercise of the Warrants, the Company has issued in aggregate 14,155,000 new Ordinary Shares to the holders of the Warrants. The new Ordinary Shares were issued at the exercise price of the relevant Warrant, resulting in 5,600,000 new Ordinary Shares being issued at a price per new Ordinary Share of GBP0.08, and 8,555,000 at a price per new Ordinary Share of GBP0.16. The aggregate gross proceeds of the warrant exercise are GBP1,816,800.Certain of the Warrants were held by Peter Wall, a director of the Company. Further details are set out below: PDMR / Person Ordinary Shares Weighted Resultant Percentage closely associated purchased average price Shareholding of the total per Ordinary voting rights Share of the Company Peter Wall 1,400,000 GBP0.08 1,970,000 0.64% ---------------- --------------- -------------- ---------------- Application will be made for the new Ordinary Shares to be admitted to the standard segment of the Official List and to trading on the Main Market of the London Stock Exchange. Admission is expected to occur at 8:00 a.m. on 7 January 2021. The new Ordinary Shares will rank pari passu with the existing Ordinary Shares of the Company.Following Admission, the total number of Ordinary Shares in issue will be 307,905,000 and the total number of voting rights will therefore be 307,905,000. This figure may be used by shareholders as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in, the share capital of the Company under the FCA's Disclosure and Transparency Rules.The information communicated in this announcement is inside information for the purposes of Article 7 of Regulation 596/2014.Notification and public disclosure of transactions by persons discharging managerial responsibilities and persons closely associated with them.

[suffersnofools] 31/12/2020 11:30

Slightly out of date but.....hTtPs://fiatmarketcap.com

[suffersnofools] 31/12/2020 10:38

hTtPS://www.google.co.uk/amp/s/decrypt.co/33124/what-will-happen-to-bitcoin-after-all-21-million-are-mined%3famp=1

[suffersnofools] 31/12/2020 10:26

I think it's a balanced article. The solution is there but requires a high BTC price. What will the BTC price be in 2140 as the global currency?!It's really a complete red herring IMO.

[yump] 31/12/2020 10:22

Take the revenue and divide by the number of directors to get each director’s salary.

First time I’ve heard that although I guess if I ask my 12 year old nephew he might say something similar.