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Lambinator: And_its_gone - thanks for that…. I’ll try to post ‘proper grammar’ in the future. To avoid triggering Karens…
If you are unable to take onboard constructive criticism without attempting to mock others then that doesn't bode well to your future investment/trading career, or life in general.
Lambinator
“ KV - i’m not here to be critiqued on my english, i’m here to make money!”
You are never too old to learn, but if you don’t want to, you obviously don’t have to.
“Thanks for the mansplaining on the posts / badge - irdgaf (need help deciphering that one)?”
Yes please. What is mansplaining? Is that a millennial thing?
“I’ve expressed my opinion on what Argo should have done & you’ve given back nothing but churlish comments.”
Yes. You thought they should have raised more money? Is that it? I only asked what qualified you to assert that. Previous experience, academic qualifications? Maybe you were in the room during negotiations? If not, it’s just a *****. I’m not being churlish. Just logical. That doesn’t suit you, but that’s the way it is. I
“But thats fine i’ll get over it!
As you were”
Good for you!
HeresHopin
Yes, sorry. Missed all that!
:-)
KV - i’m not here to be critiqued on my english, i’m here to make money!
Thanks for the mansplaining on the posts / badge - irdgaf (need help deciphering that one)?
I’ve expressed my opinion on what Argo should have done & you’ve given back nothing but churlish comments.
But thats fine i’ll get over it!
As you were
HeresHopin
“ I stil fink e cud hav gut Moor cash if e ad tissued da shares ata igher price.
Iamsure i cud hav dun it wit my xperiense in biznis.”
Ok. That’s what you think.
Do you also think that PW had that option?
Do you think he had the option and decided not to take it, because he wanted to raise less money?
Is that how your thought processes work?
Do you want a few minutes to rethink that?
Doh!
Lambinator
“ And_its_gone - thanks for that…. I’ll try to post ‘proper grammar’ in the future. To avoid triggering Karens…”
If nobody tells you, you will never learn. Simple.
the_Chuz
“ Ahhh man, vent as you see fit I reckon, if it helps at all (it doesn't but some anonymous poster on a BB isn't going to convince you otherwise).”
Not venting at all. My idiot tolerance level may have slipped a few percentage points, but that’s it.
Thanks the_chuz - i thought it was for being douche lol
And_its_gone - thanks for that…. I’ll try to post ‘proper grammar’ in the future. To avoid triggering Karens…
Lambinator
“ Wow thanks for that insightful reply - so you write back to add another post to that tally of yours?”
Every post adds to the total number of posts. You should not need anyone to tell you that.
“Whats the badge next to the name an accomplishment for?…… hhhmmmm”
The badge means that I pay extra for level 2 data. You should not need anyone to tell you that.
“Put it this way KV-jelly i wouldn’t have undervalued Argo at that IPO price!.”
That makes no sense, grammatically. Please give more thought to your posts, if you want them to be understood.
“I guess you must be the guy who’s doing backflips & somersaults praising Pete’s brilliant handling of this farce?”
If you think I am overjoyed with this IPO, then let me reassure you that I am not, but I am not inclined to indulge myself with unjustified hyperbole, as you obviously are. If you have any evidence of adequacy in the field of finance or technology, then I am happy to listen to you, but so far, you sound like a numpty who talks ****ties.
No offence intended.
@lambinator
"Whats the badge next to the name an accomplishment for?…… hhhmmmm"
The ribbons just mean they are premium members, I. E pay a subscription to the site unlike us freeloaders
1.5 million dollar buy 90000k at 16.66 just gone through thats not punt money gla
@kev
Ahhh man, vent as you see fit I reckon, if it helps at all (it doesn't but some anonymous poster on a BB isn't going to convince you otherwise).
SHOULD 'HAVE'
https://www.lawlessenglish.com/english-mistakes/should-have-vs-should-of/
Wow thanks for that insightful reply - so you write back to add another post to that tally of yours?
Whats the badge next to the name an accomplishment for?…… hhhmmmm
Put it this way KV-jelly i wouldn’t have undervalued Argo at that IPO price!
I guess you must be the guy who’s doing backflips & somersaults praising Pete’s brilliant handling of this farce?
the_Chuz
My best friend died yesterday. Bite me.
@kev
Looks like your punchy sarcasm is in full flow, don't be a meany.
@Hexam
"Personally I think the IPO was the right way to raise funds, especially as it gives better exposure to US investors too, but the size of the discount was very disappointing to say the least. We don't know the whole story though and what is done is done. Key thing now is that we get some news soon on machines as this will have far more impact on finances than any shortfall from an underpriced IPO - if indeed it was underpriced."
That's pretty much my take on it too, it's way better fir the company to raise via shares rather than debt or btc selling. Our shareprice can recover through sentiment whereas btc selling and loans are permenant.
My original share price expectation was 1.10 but I talk myself up from that through greed and hope.
In hindsight the 130 - 140 trading range was where it was going to be pitched at and 20% more shares mean 20% lower price.
It's not nice and I wish I would if trusted my thoughts on it but it is what it is now.
My calcs with the machines installed that we are expecting and getting to 1.6Eh puts the price at £2.40
That's without texas.
The market will wake up to it soon enough
Lambinator, while we are talking about delusions of adequacy, what does “should of” mean?
I think you should have posted “should have” which actually means something in the English language.
You are welcome.
Lambinator
“ Thanks Hexan for the RNS info in-put so the loss of 86 bitcoin - at todays price $42k thats not bad for both parties involved imo.”
Ok.
“Argos objective is to scale up production and i feel there were better ways to go about this than Argo chose to do.”
Really? And your expertise is?
“i feel its a massive own goal & gives the impression to me, Pete undervalued Argo not vice versa.”
Ok. Whatever that means. It means something, right?
“The people who wrote the cheque for that loan knew this was like ‘taking candy from a baby’.”
Jesus, I wish Peter Wall were as clever as you are. Remind me. You were CEO of which billion dollar company?
Really looking forward to the next argo video posting.
@Lambinator - the 86 BTC is a red herring as the original loan was subsumed into the new loan and on seemingly much better terms (just 4.5% p.a. interest - perhaps due to BTCs rise in the meantime).
Personally I think the IPO was the right way to raise funds, especially as it gives better exposure to US investors too, but the size of the discount was very disappointing to say the least. We don't know the whole story though and what is done is done. Key thing now is that we get some news soon on machines as this will have far more impact on finances than any shortfall from an underpriced IPO - if indeed it was underpriced.
Thanks Hexan for the RNS info in-put so the loss of 86 bitcoin - at todays price $42k thats not bad for both parties involved imo.
Argos objective is to scale up production and i feel there were better ways to go about this than Argo chose to do.
i feel its a massive own goal & gives the impression to me, Pete undervalued Argo not vice versa.
The people who wrote the cheque for that loan knew this was like ‘taking candy from a baby’.
Really looking forward to the next argo video posting.
Hi Wolf - this should hopefully have all the info you're looking for:
"On 29 June 2021 the Group entered into a loan agreement with Galaxy Digital LP for a facility of US$20 million. The proceeds of the loan will be used, in conjunction with funds raised previously, to continue the build-out the West Texas data centre. The short-term loan is a Bitcoin collateralised loan against 795 Bitcoin initially with a further 86 Bitcoin transferred after the period end. It has a 6-month term and attracts an interest rate of 12.5% per annum."
"On 9 September 2021, the Company entered into an additional $25 million term loan agreement with Galaxy Digital
LP (New Galaxy Term Loan) to finance the continued build out of its new cryptocurrency mining facility in Texas
and other general corporate operations. The outstanding principal of the Galaxy Term Loan, in the amount of $20
million, was subsumed into the New Galaxy Term Loan, resulting in total borrowings of $45 million under the New
Galaxy Term Loan. The New Galaxy Term Loan will mature on 29 October 2021 and the borrowing fee on the loan
is 4.5% per annum."
Thanks Hexam - do you know when it started and how much the loan was? Sorry being lazy long day!
The whole point of crypto is to beat banks! We don't need them, they're scared of bitcoin. When banks are dead/in a different format we will look back at how things were and laugh. haha
Wolf - we do know how much was used as collateral for the first loan as this was described in the interim accounts and was initially 795.