Argo Blockchain Share Discussion Threads

[suffersnofools] 09/1/2021 13:29

I don't agree Aiden. As I said at the time he wanted to derisk same as we all did.I'm a big fan of Occam'a razor

[horneblower] 09/1/2021 13:23

One can rarely read anything into director share sales.

Directors are only allowed to sell in open season which can sorely restrict the timing of sales, often to their great frustration.
Then why would directors sell at all if they are sure the price will be higher later. Answer...mostly because they need the money for something else like buying a house or school fees etc.

Share purchases are another matter.

[aidenabettin] 09/1/2021 13:05

Regards director selling. My opinion at the time was not bad news related but that it was an application of the footbrake

[hybrasil] 09/1/2021 13:05

Suffer
I think you are answering your own argument.
The managing director foregoes £1m by his choice of sale date.
The answer is no one has a clue!

[suffersnofools] 09/1/2021 12:59

Plus there is a lot more personal satisfaction building value through a business you build yourself as opposed to being one of the people lucky enough to have capital to risk on the equities casino!

[suffersnofools] 09/1/2021 12:57

Amen brother :)

[suffersnofools] 09/1/2021 12:54

I didn't know this years Darwin Awards nominees were already being made :) Ffs! What part of the S2F model do people not understand. The relationship between mining difficulty and BTC price is the pivotal aspect to future value and you post on here without understanding it. Couldn't make it up.

[dorset64] 09/1/2021 12:52

SNF, after a few years of Bitcoin being around I was interested in it but not enough to trust it to invest in it. A few years later & despite my co's doing well I weighed up putting some money into BTC but instead, started another co. That co. now has t/o of circa £8m so I'm happy with the way I chose BUT, if I had spent the same amount of money into BTC I would had been a lot better off, if I had of held that is.

Point being I don't look back and wish I chose BTC as life is full of choices and as long as you have a figure in your mind that will set you up for life, why gamble it for the sake of more that won't make too much difference to you even if it comes off.

You've done extremely well here & hats off to you.

Luxor, has anyone else tried to look on their website as for me it just won't load?

[suffersnofools] 09/1/2021 12:51

Odd that the bears who tried to tell us his sale was due to him insider trading bad news, and that director sales meant 30p 'was the top' have gone very quiet after it more than quadrupled since.

[suffersnofools] 09/1/2021 12:42

Yep, the alternate path, could well happen.However, I'll be selling 5 of my BTC around 50k as I'm now at a point where I'm mortgage free and can travel and indulge my love of fine dining and won't risk that to have 20m in the bank rather than 5. As others have wisely said, chasing money for money's sake diminishes quality of life not improve it.

[crypto nugget] 09/1/2021 12:34

hybrasil - yes mining difficulty will increase over time.

That though, will mean an even bigger squeeze on the supply of BTC.

Our increassed capacity will take care of the problem, at least in the shorter term, but the BTC we hold on our account will of course become valuable over time.

As aiden rightly points out the investment in Luxor, although not massive, is very important over the longer term.

Its nice to think that we were mining some BTC around the $4,000 level though and now they are worth 10 times that.

[aidenabettin] 09/1/2021 12:25

And a 1k mined at $100k $BTC.A lot of money and the game is evolving.We have years even decades before we have to be concerned hence the early investment into Luxor

[hybrasil] 09/1/2021 12:17

Yump

My information is that mining is getting more and more difficult.
I agree that at the current price if they mine 1500 coins that at $40000 things start to get exciting.
The reason I put up the figures was to show the dramatic fall in numbers mined over the year.
In other words we could see substantially less than 1000 mined.
Time will tell

[aidenabettin] 09/1/2021 12:12

Mates rates as you guys like to call it.Fantastic investment imo.I said the brakes would be applied here and the usual team are involved.Big deals being done with Canada and the US

[hotdaddy1972] 09/1/2021 12:10

Do some of the other miners with 4-5x the market cap add up then?

[hotdaddy1972] 09/1/2021 12:08

Care on your SIPP, only £1.1m to play with before 55% to get it back....

[hybrasil] 09/1/2021 12:08

Crypto
If bitcoin does that then this will be worse than ASOS!

[yump] 09/1/2021 12:07

hybrasil

I suggest you do a bit more on the figures, as there is 50% more capacity coming on stream shortly. You can assume gradual increases in mining difficulty.

Minimum 1500 btc this year.
Vary btc price.
Vary the margins, but recently 60%+.
My guess is around £20mln gross profit - just based on a btc price of £25K ie. no rise in year.
Take that figure and then subtract depreciation.
Take off the fixed overheads (about £2mln).

Then multiply by whatever p/e you fancy.

[hybrasil] 09/1/2021 12:04

Aiden
I’m just old fashioned. Their investment in Luxor was I think $100k.
This is business not alchemy

[crypto nugget] 09/1/2021 11:55

hybrasil - Good morning to you.

Yes, I do agree it maybe looks "toppy" but then a lot of sections of the market do. Look at Tesla - now a trillion dollar company.

SNF has alluded to the valuation vis a vis ARB's peers, I suppose that section of the market is just on fire and high p/e's are the order of the day.

I appreciate it probably looks silly now, but what if the forecast (not mine by the way!) of BTC eventually over $1m does come to fruition?

What price ARB then?

Have a good weekend - hope your team wins today!

[aidenabettin] 09/1/2021 11:50

Maybe you should have a closer look at Luxor Technologies where ARB have just invested.#knowthegame

[hybrasil] 09/1/2021 11:45

Crypto
Thanks
Im not bashing the stock (and like other posters I sold Asos at .9p) but how can it exponentially increase given how few bitcoin there are left to mine.
I will go off and try to work out the percentage of bitcoin mined to date the company has achieved.
Im very influenced by Peter Wall selling at .29p. He knows more about crypto than most.
Google him
I have taken into account the current cash hoard and the money received from warrants and options but its still not much more than £10m.
Best case mine 1000 this year at $40K AT 50% margin. Thats worth £20m annually.Still doesn't add up. And I doubt they,ll make that much!

[crypto nugget] 09/1/2021 11:38

I seem to remember someone here a couple of weeks back said there around 1,000 BTC available at $30,000 which obviously have been snapped up.

Maybe the reason for the rise up to $40,000 (and currently holding) is that institutions are quietly accumulating?

[crypto nugget] 09/1/2021 11:32

Of course it doesn't hybrasil - but the current mcap is pricing in future earnings.

Don't forget we are expanding capacity greatly from March onwards, and each month we keep back some BTC for our own account. The value of those coins has greatly increased since March and we are adding all the time.

Add to that our current cash hoard and then compare the valuation of ARB to other BTC miners (as SNF has done exhaustively).

There have been and still are many examples of high p/e ratios and mcaps that look out of kilter, until events catch up.

So, on balance I have to agree that ARB is actually undervalued compared to its peers and given the prospects for BTC (and their other mined coin and recent investment in Luxor) going forward.