Argo Blockchain Share Discussion Threads

[liveit2] 03/9/2019 17:44

nico - BIG MACd always gives me indigestion - with every MACd I need some ant acid btc tablets

[nico115] 03/9/2019 17:44

I'm v happy today Made 9500 pds here Gruntling

[suffersnofools] 03/9/2019 17:32

Priceless! We both thought Nico had made a vaguely intelligent jibe, as in MACD, but he was still stuck in the land of fast food - rofl Having reviewed Nico's posting history I suspect there is more intellect in a bbq kebab :D

[nico115] 03/9/2019 17:29

U get longer breaks at Macd and you need them !!

[liveit2] 03/9/2019 17:25

13m shares traded and 11% rise - amazing

bulls winning it seems - a bit like btc

[liveit2] 03/9/2019 17:20

of course followed by bbq kebabs :)

[suffersnofools] 03/9/2019 17:18

Is it the allotted break time at KFC again? :)

[liveit2] 03/9/2019 16:42

hi nico - not sure if your post was aimed at me or not - if so charts are great but most often they don't take into account undervalued stocks -

[crapcrap] 03/9/2019 16:28

we have a 100k buyer in town!!!

[nico115] 03/9/2019 16:26

Haha go back to macd

[liveit2] 03/9/2019 16:18

we may not see these levels after the next announcement

[fuji99] 03/9/2019 16:07

IMO those who are attracted to sell now will unfortunately have to buy back at a higher price in the next few weeks. If it hits 20p following a good update due this week,it will be very difficult to buy back at 11p anymore. Thus why one has to stay put with this share and check it out around Xmas period. It is not always we hit the jackpot. I think we bumped into something particular and special this time. Only those patient enough will get the most of it.

[ilostthelot] 03/9/2019 15:57

50/60Million annually. Free cash flow multiple of 15 🤔😁 an easy mulitbagger.

Looks likely it'll break out soon to ATH.

[liveit2] 03/9/2019 15:55

there's the prepdicted 11p :)

[crapcrap] 03/9/2019 15:55

scotty, more like 5 million a month

[liveit2] 03/9/2019 15:42

indeed scotty -

[scotty666] 03/9/2019 15:35

By next year they will be throwing off 3M profit a month !! Daily moves are fun and MM games (like now when bid is 10.1 they print 9.5) but plenty of upside as we go into Q4.

[suffersnofools] 03/9/2019 15:35

As I keep saying - at this price you are buying bitcoins for about 3k a pop. Fill yer boots!

[liveit2] 03/9/2019 15:32

fuji - looking annual rather than monthly

mms will play the share price but this is a bagger ever at current price

inflation rate halves your wealth - btc doubles it over time

arb in great position to take advantage

[fuji99] 03/9/2019 15:26

Liveit2 - That was their last July update:
----------------------------------------------------------------------------

"Argo Blockchain PLC

('Argo' or 'the Company')


July 2019 Operational Update


Argo, a UK-based provider of enterprise-scale crypto mining services, is pleased to provide the following trading update for July 2019:

· The Company generated 163 Bitcoins (BTC), or £1.36m of cryptoassets, in July based on a BTC price of US$10,122 as of 31 July 2019. The assets were mined at a mining margin of roughly 80%. Argo considers that this continues to demonstrate the Company's efficiency and cements its belief that it is one of the most efficient crypto miners in the market;



· Installation of new mining equipment continues apace with 1,000 Z11 and 2,269 S17 Antminers currently in production at Argo's Quebec facilities, which were installed and mining ahead of the Company's original schedule;



· As part of the Company's previously announced expansion, an additional 7,000 state-of-the-art mining machines will be delivered and in production by the end of Q4 2019. The delivery and installation schedule of the new equipment is expected to result in a sequential month-on-month rise in Argo's production capacity over the next five months to approximately 500 Petahash by the end of Q4, representing a 296% increase over current capacity.



Mike Edwards, executive chairman of Argo, said: "We are pleased with the mining results in July as they demonstrate that we can use our existing investment in people and facilities and add new mining hardware with no increase in staffing and no material increases in non-mining costs. This operational gearing is very important as we triple our mining capacity over the next two quarters with no significant increase in non-mining costs."

[fuji99] 03/9/2019 15:22

Bitcoin in the process of hitting $11k today. What parallel ! 11p with $11k !

[liveit2] 03/9/2019 15:20

can we hit 11p today - very likely

[liveit2] 03/9/2019 15:08

assuming 4.5k cost of mining btc and btc around 10k - average mined btc 150 per month - gives profit of just under 1m per month - 12m per year -

now reduce the cost by 40% and add to mined btcs at a constant rate of 10k per btc

results and outlook would be interesting -

and its all expected this week

[scotty666] 03/9/2019 15:05

With the volume of the last few days the seller is going to clear soon enough. Giving great liquidity right as we start the point of serious new capacity coming on stream.

Be an interesting few months ahead for sure.

[peted81] 03/9/2019 15:02

BadGateway, not our friends in the southern hemisphere, but the Central European country of Austria