Argo Blockchain Share Discussion Threads

[nico115] 24/1/2021 15:32

Fair value IS NOT where a bidder will have to bid.That's crazy !!In which case every company is 40pct under valued Fair value is certainly not 300p today based on Btc at 32k

[7rademark] 24/1/2021 15:25

I'm confused now, do we hold 209 btc or as the earnings state 2,400

[aidenabettin] 24/1/2021 15:10

Volume has dropped substantially .$BTC/USTD Spot 24hr $1.7B.$BTC/USTD future 24hr $6.3B

[qs99] 24/1/2021 14:59

some truth in what he says, we have seen some of that Dec-Jan in moves of BTC.....it can move (both ways admittedly) v. v. fast

I think the Greyscale increase in funds/value, shows the level of $s entering the market....IMO the supply is v. limited, the demand is v. high....the imbalance will shift BTC price through $100k IMO sooner than we may like to think....DYOR as ever

[crypto nugget] 24/1/2021 14:45

As markets are supposed to always "look ahead", surely some part of SNF's fair value estimation is forward looking too?

For instance we hold 209 BTC now, 500 or more by year end?
BTC is $32,000 at the moment. $100,000 by year end?

Capacity to hugely increase from now until year end.

Depends on what value BTC and other crypto miners are held at, so I suppose its not easy to come up with a figure as p/e's may be higher or lower than what they are now.

If (when) BTC hits $100,000 and we hold 500 BTC or equivalent, that's worth $50m on its own.

We have enough cash, holdings of Z-Cash (and polkadot?), plus a stake in Luxor Tech.

Just on what we have achieved so far, the current share price is cheap imho.

[gspanner] 24/1/2021 14:13

SNF,

couldn’t put it any better, saving my typing fingers!

[nico115] 24/1/2021 14:12

"Fair value here after the recent placing and capacity expansion is around 300p imo"Fair value here means with a btc price of 32500 Not sure I agree with the 300p valuation

[mnomis] 24/1/2021 14:07

Nico, you know that a valuation model will forecast future prices right, not simply plug in spot for eternity. Do you think $32k is the long-term real BTC price? If not, then, what price should we use in our valuation model?

[yump] 24/1/2021 14:04

FFS

There isn’t a ‘path to profitability’. Its already profitable.

Enough with the cliches and platitudes !

[aidenabettin] 24/1/2021 13:53

Thats just cover.Brokers got all the stock with if no TR-1.Are Wainwright now goingvto short it.Dirty games

[nico115] 24/1/2021 13:31

Don't hold your breath !!We won't know ,no Tr1sWe saw 2 x 5m sold so that's nearly 40pct sold

[aidenabettin] 24/1/2021 13:08

80p will do until we see who the placing shares are being held for.This is a whole new ball game for many companies who are the focus for the future .Cryptocurrency,Cybersecurity, e-commerce,Gaming,Adtech and Fintech.Absolutely no doubt in my mind ARB will brme up with the best

[nico115] 24/1/2021 12:36

Aiden Do you also think arb are worth 300p at btc of 32k I can't get anywhere near that ?Pe of about 300!! Wow

[jungmana] 24/1/2021 12:21

From the operational update rns of 5th January;"During the month of December, Argo mined 96 Bitcoin or Bitcoin Equivalent (BTC) compared to 115 Bitcoin Equivalent in November. This takes the total amount of BTC mined year-to-date to 2,465 BTC."

[aidenabettin] 24/1/2021 12:19

Profits offshore not onshore

[aidenabettin] 24/1/2021 12:18

All the Tech giants have their zero taxed profits onshore.Break up the existing giants and start again.ARB is one of the chosen ones to be a giant.Multiple laundry vehicles will be required to move funds into the likes of ARB,BIDS and BRSD.And its all about to kick off in Q1

[7rademark] 24/1/2021 12:14

Where do you get the btc figures, last earnings state 2.5k bitcoin mined year to date.

[1knocker] 24/1/2021 12:12

Fair point crypto nugget.
Gratifying that you think it worth struggling through my four pennyworth, will try to make the task easier in future!

[richardjohn10] 24/1/2021 12:11

Parob MOS looks pretty good actually!

[suffersnofools] 24/1/2021 12:08

7rademark - no. You want HIVE.