Argo Blockchain Share Discussion Threads

[lithological heterogeneities] 08/10/2019 09:40

Roger207
From cash & BTC you plonker

[suffersnofools] 08/10/2019 09:39

Stoneme - clutching at strawsWe know the income for the period and we know the average price for the period - not that difficult to work out even for those of limited understanding. (Rollseyes)Any comment on our valuation to sector peers? What would the share price be even if we were just sector average? Of course we're not, we're by some distance the most efficient with the highest margin. 73pc - SEVENTY THREE :)A business running at a 73pc margin with a tightly controlled cost base, 75pc income growth and a DOUBLING of mining capacity due on steam from hardware ALREADY PAID FOR.

[roger207] 08/10/2019 09:39

and the crypto has now been sold out. How ARB will pay the 50% outstanding with crypto then?

Inconsistent statements!

[supercity] 08/10/2019 09:38

3.6m mined in the quarter, based on an average 9k a coin (which is quite low considering it only really dropped below 10k in the past few weeks) that would be 400 coins yet they mined 163 in July alone.this surely means more machines have mined less coins (an average of 120 a month for August and September)

[roger207] 08/10/2019 09:35

Litho logical - please read the statement about new machines in today's update.

The total number of machines in production stands at 6,000 and the Company is on track to install approximately 6,000 more machines, currently on order, before the end of the year.

04th July RNS mentioned about ordering 5,000 new machines?

[stoneme] 08/10/2019 09:35

Revenue generated. These are unaudited. 1.36m in July. 3.63m in quarter.2.3m August + SeptemberThe numbers are way short of what we all discussed in the last few months. No deramp from me. Just an honest review of the statement Did they rebase their July figure bases on BTC price today? Or did they book their revenue for July, August and Sept on the average BTC price for that month, and then adjust the balance sheet?

[stoneme] 08/10/2019 09:27

Look at the statement.Clever. Not obvious to anyone with experience of reading statements. Sufficiently vague to offer them wriggle room in the future whilst just enough for shareholders to feel good.Looking at the specific wording about minded BTCs. Wait. They do not say how many they mined. They comment on the value of mined coins. How are they valuing this? Previously they use a BTC rate. Today they have not.

[lithological heterogeneities] 08/10/2019 09:26

Some key points from today's broker note:

Share price forecast = 73.71p
(BTC is $8,177 today. Imagine if German bank $90,000 BTC after May 2020 comes true)
Possible dividends
Possible share buy back

The company us effectively banking its profits rather than holding on and being exposed to falls in the Bitcoin price. The current valuation does not reflect this key element of the company�s strategy in our opinion, namely that the shares should not fall commensurate with the bitcoin price if there is further weakness given the cash backing but yet on the upside, given the company�s de facto industry leading efficiency mining basis, there is a positive double whammy.

Returning to the bitcoin to cash conversion and the comments by CEO Mike Edwards as per HERE in our recent interview with him we note the point about the distributable reserves moving to a positive position in the very near term. We expect that following this either a dividend or share buy back policy will be brought into play which will be taken extremely positively by the market.

Further blue-sky upside potential comes should Argo�s valuation rise in line with its efficiency ratio against peers, with our calculation of 73.71p being some ten times the current price.

[lithological heterogeneities] 08/10/2019 09:16

50% of new machines already paid for. Remainder being paid for in cash and Bitcoin.
NO fundraising.

04 JUL 2019 RNS

"The Company has ordered 5,000 Antminer S17s at a total cost of approximately $13.09 million USD, of which 50% is being paid immediately, with the remainder to be paid five days before shipment. The purchase is funded from a combination of cash and cryptocurrency mining assets."

[jackjackpaul] 08/10/2019 09:14

how is this still trading at 8p levels.. should be 5-6p in the coming weeks.

i can see them raising funds again as well to pay for the new machines

[lithological heterogeneities] 08/10/2019 09:08

$90,000 AFTER MAY 2019

08.10.19.....ARB 06,000 mining machines (BTC $8,177)
31.12.19.....ARB 12,000 mining machines
31.05.20.....BTC $90,000

Any share price predictions should this happen :0)

[lithological heterogeneities] 08/10/2019 09:05

$90,000 AFTER MAY 2019

02 OCT 2019


A state-backed German bank has predicted that Bitcoin will hit a price of $90,000 by May 2020, in anticipation of the �halvening� of new supply.

the number of new bitcoins mined at a time from 12.5 to 6.25, will digitally expedite the process of inducing scarcity�the quality that made gold valuable over the course of many millennia.

[hootza616] 08/10/2019 08:48

Define "muddy" and "fishy" please Tim. Did you learn those professional terms on a recent Trading for Dummies course? It really adds to the clear respect you hold here from holders! (Not!)

[lithological heterogeneities] 08/10/2019 08:40

This company is a cash machine.

The ticker should be changed from ARB to ATM.

[suffersnofools] 08/10/2019 08:40

Don't rise to the trollsIt's obvious Roger hasn't bothered to do any research so his posts are valueless.

[lithological heterogeneities] 08/10/2019 08:36

Roger2078 Oct '19 - 07:54 - 2066
" Q3 net profit won't be that much after admin charge and depreciation. Current share price is about right. How will ARB pay the additional 6000 machines? New loan or right issue?"

ANSWER: 04 JUL 2019 RNS

"The Company has ordered 5,000 Antminer S17s at a total cost of approximately $13.09 million USD, of which 50% is being paid immediately, with the remainder to be paid five days before shipment. The purchase is funded from a combination of cash and cryptocurrency mining assets."

[suffersnofools] 08/10/2019 08:35

Thanks Richie

[suffersnofools] 08/10/2019 08:35

Tim nice but dimYou keep posting on stocks you don't own - nice waste of your worthless time

[timw3] 08/10/2019 08:33

Why should anyone stop posting? So the rampers can talk tripe?

Update was muddy and all looked very fishy

[zed2002] 08/10/2019 08:18

Stoneme you can stop posting here now that you have sold.

Good Riddance.