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@Moneyman
"The_chuz. The fundamentals of Argo are brilliant. The expansion of the business to mine more coins never mind all the other smart investments and projects ongoing.
GLA Argonauts
MM80 ARB-£5"
Do you have any figures to show how you'd get to a £5 valuation, do you know what hashrate we would need to be valued at £5? Do you know how we could get that hashrate. If not that then how much wi we be bringing in from the other projects.
What I'm trying to get at is do you have any thought process behind a nice round £5 valuation or is it a nice to have figure that you just kinda want?
@Rzez
"My theory mostly wrongly Is the following.
Texas facility is paid for by nasdaq
Sell bitcoin hold to buy new rigs. Rent out 25%- 50% of rigs to others
The income from this will pay for the rent etc for the facility and essentially allow us to mine bitcoin/alt for free.
This in turn allows us to be self sufficient without further raises and IF/ when bitcoin becomes too costly to mine we use the power for transactions instead of miming. As we aren't going to out compute the big guns so we have to be more savy. And rely on our low cost of production to be more adaptable than the others.
Again probably not going to happen DYOR"
I think some of that may well be right especially renting space and covering operational costs.
I can't see us selling our hodl though, just wouldn't make sense before the next halving. If we sold all 2000 btc we would get enough to by 1mw of machines which just doesn't really scratch the sides.
If it was me I would create some noise and get the share price to £3 then hit shareholders with a 100 mil share dilution raising around 300 million quid. It would set the share price back around 20% so drop it on paper to £2.40
We would then have easily enough for a full 200mw operational facility along with around 60 million to play with for another project.
So for me, fair value at 1.7eh is £2.30.
Hype it up with general promotional noise to £3
Issue 100 million shares at £3 (probably a bit less but its for illustration)
Get mining capacity to 200mw
Look for other projects with spare cash.
The_chuz. The fundamentals of Argo are brilliant. The expansion of the business to mine more coins never mind all the other smart investments and projects ongoing.
GLA Argonauts
MM80 ARB-£5
My theory mostly wrongly Is the following.
Texas facility is paid for by nasdaq
Sell bitcoin hold to buy new rigs. Rent out 25%- 50% of rigs to others
The income from this will pay for the rent etc for the facility and essentially allow us to mine bitcoin/alt for free.
This in turn allows us to be self sufficient without further raises and IF/ when bitcoin becomes too costly to mine we use the power for transactions instead of miming. As we aren't going to out compute the big guns so we have to be more savy. And rely on our low cost of production to be more adaptable than the others.
Again probably not going to happen DYOR
@MoneyMan
"The_chuz. I think your more suited with glass half empty. I presume you are predicting £0:50 In 3 years ha ha. Please ignore the paid de rampers or the ones who have no belief in there investment like this guy.
GLA Argonauts
MM80 ARB-£5"
I wouldn't try to predict the shareprice in 3 years time, the prediction would be worthless.
It was a genuine question though, what makes people, yourself included, think that the shareprice will get to £5 or £10 (in itself a massive difference BTW).
I can get to about £2.30 through calcs I've posted more than once, the brokers can get to about 2.20 - £2.50.
So I just wonder how others get to £5 or £10 or is it literally a nice to have number rather than an actual thought through value?
Genuinely interested.
Tymers - that isn't realistic. Don't talk such drivel.
The_chuz. I think your more suited with glass half empty. I presume you are predicting £0:50 In 3 years ha ha. Please ignore the paid de rampers or the ones who have no belief in there investment like this guy.
GLA Argonauts
MM80 ARB-£5
@Tymers
"Argo has £2.00 plus written all over it. If you have a little more patience 6 to 12 months then £5.00 to £10.00 is realistic"
Im genuinely interested in why people think this might be up to £10 by the end of 2022, other than BTC going to £250k or whatever the latest figure is I just don't see how we get there with what's known at the moment.
I understand if we kitted out with a few hundred mw of rigs but they need paying for so I just don't see how people can put such a high value on it.
A million shares traded on both ADR & OTC (US PIs) today - that's way up.
6-12 months...doubt it
Argo has £2.00 plus written all over it. If you have a little more patience 6 to 12 months then £5.00 to £10.00 is realistic
All miners down except for ARB and ARBK