Argo Blockchain Share Discussion Threads

[stoneme] 17/9/2019 10:37

They actually BOUGHT BTC. Disposed ZEROWhy?These are extremely key questions. There must be an explanation to us shareholders. . Anytime a company decides to either avoid questions, or delay keeping shareholders informed of their strategy, should mean a red flag. ? I have telephoned the company, to follow up my emails, which have not been acknowledged. If anyone had the answer, rather than the rose tinted speculation to address my concerns, I would be delighted. For me the company is mining BTCs successfully. Whilst the ROI will depreciate without reinvestment in even better kit, the last few months was encouraging. But without understanding how that investment converts to CASH, none of us can properly value the company.

[lithological heterogeneities] 17/9/2019 10:36

$250k BTC forecast is nothing.John McAfee (ex owner of anti virus company,) is confident of $1m by end of 2020 !Jul 19https://bitcoinist.com/bitcoin-price-will-rally-to-usd-1-million-by-2020-end-john-mcafee/'STILL POSITIVE ABOUT $1 MILLION BITCOIN PRICE BY 2020 END': JOHN MCAFEE

[stoneme] 17/9/2019 10:32

Sorry Note 9 9 Other current assets Group Crypto assets GBP At 1 January 2019 2,082 Additions Crypto assets purchased for resale 232,257 Crypto assets purchased for contractual obligation - Crypto assets mined 2,772,301 Fair value movements Fair value movements on Crypto assets held 37,404 Disposals Disposal of Crypto assets - Carrying amount --------- At 30 June 2019 3,044,044 ---------

[reachforthestars] 17/9/2019 10:31

Maybe they'll bring out Augusts and Septembers figures together. Or maybe they wanted to stagger RNS's ie Results RNS then maybe a media interview on the results and then release Augusts figures. Might gain more traction in share price action. Who knows.

[stoneme] 17/9/2019 10:30

They didn't sell ANY. See the notes.I would not be challenging this if there were disposals of BTCs.They only used mines BTCs to buy more kit. Surely there must be a policy to convert BTC to cash. Where is it?Sorry to sound like a broken record. But no one seems to have the answer to this extremely key question. The company are silent on it. Why?

[fuji99] 17/9/2019 10:24

Maybe they kept a few BTC for this reason ? -

[ilostthelot] 17/9/2019 10:21

I agree, I would prefer to see 75% Conversion to cash. Speculate on the BTC price a little but not with it all.

Not a huge problem to have. Next 6 - 12 months will transformational. The market will not miss all that money /bitcoin.

[zed2002] 17/9/2019 10:18

Yup Liveit2.

I bet when RNS comes out the seller is out, everyone will start piling in. For me just need to either hold or add to your holding. Happy with my position.

[liveit2] 17/9/2019 10:14

exactly zed - not mentioning all the h/w - net assets higher than MCAP and its generating profits within 4 months of proper operation

[zed2002] 17/9/2019 10:00

Please note this is an Interim Results ending 30th June 2019

Crypto assets held is at £3m (Interim)

July Period: £1.36m
August Period: Waiting but looking for similar or higher £1.36m
Assuming Cash in Bank is still £5.6m

Total = £11.32m

[suffersnofools] 17/9/2019 09:56

73p is the target from the BN you moron Nico ;)

[whoppy] 17/9/2019 09:49

Money printing machine. All they have to do is keep it switched on.

[fuji99] 17/9/2019 09:46

After only one year of floatation, the company swung into profit from a loss.
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[liveit2] 17/9/2019 09:44

hi stone at the agm it was reported that monthly updates would be given if significant changes between the months

so assumption is no major operational difference between july and august

hope this helps

[stoneme] 17/9/2019 09:40

I agree.So why provide monthly 'operational' updates in first week of May, June, July, August? We can excuse the delay as results were due. Why not include current post period end performance in these results? Do you not wish to know how they performed in August v July v June?So it is not a question of whether they are obliged to provide the update, it is a question of why have they not. Care to offer a reason other than they do not have to?

[stoneme] 17/9/2019 09:37

Note 10As I read it they have not sold a single coin. Although in the notes they state their approach to recognising the value of any sales. Anyone care to help me understand?So 11m cash spent in new machines. Capital investment. Mining BTCs. Where's the cash conversion guys?

[crapcrap] 17/9/2019 09:36

i see ARB share price rising 30% per month, for the next 3 months.

[zed2002] 17/9/2019 09:35

Stoneme,

They not obligated to provide monthly update. Where does it say they will?

Why dont you email the company asking them what you want to know

[hamidahamida] 17/9/2019 09:28

More Fiat currency devaluations ECB printing more money BOE will be printing more money due to BrexitWHY SELL BITCOIN IN THIS ENVIRONMENT #BITCOINSAFEHEAVEN #BITCOINDIGITALGOLD

[stoneme] 17/9/2019 09:27

I guess you are also speaking to all other companies you hold shares in suggesting they also convert any spare cash deposits to BTC. It's such a dead cert. It's ridiculous investors in a MINING company do not want transparency in the company they hold shares in with regards their POLICY for converting BTC to cash. Holding them is one thing. Basing their results on a BTC price which is now far lower is another, burning through cash investing for future mining and banking on BTC price rising is another. . I hold a substantial amount of stock. Just want to understand the dynamics of what I am holding better, rather than blinding backing a management team who are not an investment company. Where are the BTC mining results for August? We were receiving updates monthly in the first week. They know daily how many they have mined.

[hamidahamida] 17/9/2019 09:24

As Bitcoin Hash Rate Surges Higher, Is A $28,000 Price Within Reach?Source: ZyCryptoWhy a 50k Bitcoin Price May be Possible in Crypto AutumnThe Bitcoin network recently reached the highest hash rate it has ever been, 98.5 quintillion hashes per second. That is 8 times the highest hash rate in 2017 when Bitcoin reached a record high of $20,000. What this means is that the network is able to process transactions 8 times faster than it did at 2017

[zed2002] 17/9/2019 09:21

There isnt a problem holding Bitcoin.

Remember low in cash due to major investment.

You can buy Mining Equipment using Bitcoin. You dont need to pay in fiat.

Were expecting Bitcoin Price to go up and not down on long term and with Bitcoin having they are ramping up as fast they can ready for first half next year.

If all goes to plan and Bitcoin is somewhere like $15k - $20k before May they would already mined quite alot of bitcoin to sell around that price.

[horneblower] 17/9/2019 09:08

I'm a bit surprised they are keeping bitcoin. It isn't their job to be a currency speculator.
However, exchanging bitcoin is not a problem. Coinbase alone (a middle-sized, accredited Californian bitcoin exchange) trades, on average, 250,000 bitcoin a month. ARB's output would be swallowed up without being noticed.

[liveit2] 17/9/2019 09:03

their assets are worth more than mcap - easy picking for a big investment bank

[hootza616] 17/9/2019 09:03

Buy while they are available! Sellers will be gone soon and then there will be none available below 15p.