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Bull run is done poor investor you won’t see an ath until 2024 I’ll have a bet with you on that ?.
You'd need a crowbar rookie to open his eyes . ...
Didnt CERN just restart........... the large Hadron Collider?
Large Hadron Collider revs up to bash protons, to shed light on dark matter
Could Limp be the particle we are all missing ? x;)
Keep posting this "sensationalist rubbish" Rookie, id take those over PW pawn hub movies and press releases any day of the week.
From me its a sincere thanks.
Big man muscles, bull run could start any day, don’t be believing those you tube videos.
Can’t believe limp still argues that black is white and white is black he’s seriously down with arb and can’t see the wood from the trees honestly if arb ever got to a £1 PW would do a raise as he needs the capital then more shares in circulation it’s the game we’re in if arb are to succeed in the next bull run of 2024
Rookie, thanks for posting your analysis - very interesting.
Don't worry about limpy, he's just a bag holder looking for
someone blame for his losses.
You'd need a crowbar rookie to open his eyes . ...The more they lose the more they pretend their right.
Hahaha Rookie, honestly there’s no substance to engage with in your rant, just guesswork on your behalf trying to be spun as fact. Watch the Q&A, read the investor presentation, and most of all stop acting like a spoiled child who didn’t get the action man he wanted for Xmas. All actual fact is available, AB and Hexam have run the numbers if you care to look back far enough.
What you’ve posted is your own opinion, not fact.
Only in LimpingAlong warped mind is a serious look at the published accounts “sensationalist rubbish”. Note his inability to engage with the substance of the post, but this is someone with only a very basic grasp of the industry. Argo can put out an RNS (like BitFarms did last month) at any time clarifying their position with their BTC backed Galaxy loan. They have chosen to remain silent and refused to answer the question. Anyone who can carry out basic mathematics can join the dots. When BTC fell to $18k the HODL no longer secured the full loan. So they have either sold more of their BTC or paid down the loan with financing from elsewhere.
Krautyankee, it’s at best a rant, if not then sensationalist rubbish.
All things mentioned were addressed in the Q&A, either stated, answered, or given a timeframe (ie Half Yearly's) for further info.
Honestly, Rookies post is pretty amateur, full of guesswork, and the line about "wanting to open investors eyes…", at least that bit made me laugh. You get all sorts on here don't you!
LA - The post from Rookie was well-welcomed. A reality check. PW is / was obviously limited wrt what he confirmed during the Q&A due to the disclosure rules, which he himself said. However, as you very well know - there are several blokes who post on this board regularly who have recently raised very important concerns about the ARB balance sheet, and more importantly the missing details wrt the loans / debt. There are many "moving parts" wrt the financing and most of us "old timers" feel it almost insulting when being repeatedly told that it is "all good" and "PW said so during the Q&A", etc. Although the current situation is not a cause for panic, it is, IMO, most certainly NOT "all good". The company needs to treat us shareholders like intelligent adults and give us the "true gen".
Rookie, what I’m saying is that just about every conclusion you reached on the long rambling diatribe you posted is pure guesswork on your behalf trying to be passed as fact. Utter rubbish.
"The delusion of him & BC is astonishing 2 of the biggest bag holders here, pretending to know which way is up."
Oooo, you learnt the phrase "bag holders" - gosh, now you're really an expert-level trader!
I wonder if you would have told jeff bezos to sell in 2000 at NINETY PERCENT down for his crappy little e-book company? What a clever little expert trader you are! LOL. I happen to like my position in argo at the moment or id just sell. Hardly rocket science is it?
Im in the stnz camp and definitely would like some more coins mined but im happy that argo got the worlds largest immersion-only mining facility built during the bull run. I really think right now the only large issue for them is bitcoin price (which is a long way from recovery imo) and i liked and accept their recent sentiments in the Q&A that they cant control that, but are trying their best to control all other factors, and yes "controlling expansion" does mean perhaps dialling back on some of their goals this year
Best of a bad situation is probably how i'd describe argo right now and feel like that's what was said in the Q&a
Just hope not too many souls got wrapped up in their mayhem and lost out like they are. AB tried to belittle rookie and then bang, boom, the ab back down lol its hilarious.
I might bait them a little bit lol but for them to persist in the 5hit show of argo blockchain is a delusion and a derangement i thought id never see.....but it continues and so will they.
When it hits 8-12p they can tell me how obvious it all was since it has been since 152p, and all i do is spread fud and name call isnt that right sPaGbOl Jimmy lol its absurd!
152p to 28p ish and i spread fud ! lol what do they spread? it aint lurpak thats for sure x;)
Cheers Rookie for the detailed analysis, it will be wasted/ignored by many here!
"LimpingAlong, you telling me what is going on at Argo is akin to me telling Roger Federer how to play tennis."
The delusion of him & BC is astonishing 2 of the biggest bag holders here, pretending to know which way is up.
LimpingAlong, you telling me what is going on at Argo is akin to me telling Roger Federer how to play tennis.
Very good BC
Next you'll be telling us your average here is 3p
Nice to see flowerpot has taken my advice on finding better trades as well.
Good chap, we'll make a trader out of you yet, LOL
"If you look at their June investor presentation, the small print now reads: "The projected timeline could vary due to several factors including supply chain issues, regulatory issues, available capital....."
"It now reads?" Like they added it after the fact?
Here’s what’s going on Rookie, everything else is conjecture, hearsay, pure guesswork. AB and Hexam have gone through all the numbers here so we have those, the rest is down to executing Helios well and riding out the low btc value. Simple really, no point in frothing it up like the other chimps.
Argo Blockchain June ‘22
- 90% of Bitmain machines paid for
- 95% of Helios paid for
- Well positioned for Bear market conditions, quote “Balance sheet strong enough to withstand lower prices, and potentially take advantage of any increase in market share, and any downturn in the costs of machines”
- quote re upcoming expenditure, “we don’t have a ton of huge costs coming up the vast majority of our Bitmain machines and infrastructure is paid for. Intel costs coming up but flexibility available on that, we can lean in or out depending on market conditions.”
- quote re opportunities surrounding distressed assets in the market, “I don’t think it’s a secret there are miners that have over committed to orders and have put down deposits but don’t have anywhere to put those machines or don’t have the capital to pay for those machines.”
- Debt —— 1) Btc backed Galaxy loan (more details of strategy/hedging at the half yearly). 2) Nydig infrastructure loan. 3) Nydig machine loan (flexible). 4) small mortgages on Canadian properties.
- Market leading in ESG
- Tier A miner
- Low power costs in Quebec and Texas
- One of 4 company’s working with Intel. Epic building ARB bespoke miners incorporating the Intel chip.
- quote “We played it smart in 2021, we didn’t over commit.”
- Hashrate directed at TerraPool under constant review. Other Pools looked at as well.
A good reality check for some
When you buying more LA? x;)
I wouldn't call the Q&A confident, they point blank refused to tell shareholders about their galaxy debt . Refused to confirm a) how much they still owe Galaxy, b) how much BTC is collateralised against that & c) how much margin they need before Galaxy get to demand repayment or take their BTC off them.
They also still haven't explained the full gambit of debt listed but not disclosed per source & terms in their Q1 accounts. That detailed loans & borrowing of $59m end of March 2022 due payable within 12 months and loans & borrowing of a further $23m due payable longer-term. All that was before they borrowed another $70m from NYDIG. So that's debt of $152m - which also excludes their issued bond debt of $35m and their need to raise another $50m if they are to stick with their plan to reach 5.5 EH by Q1 next year.
We know from Bitfarms recent disclosure that Galaxy require 140% BTC collateral on loans and loanees have 24 hours to put up more BTC or pay down the loan when the 140% limit is breached. Argo's HODL presently totals around $43m (unless they have sold more since May). Meaning if every single BTC they own has collateralised. they could loan a maximum of around $30m from Galaxy. How much they actually loaned is anywhere from $25-45m (when BTC price was higher). So logic dictates they have reduced this loan since to stop giving Galaxy some of their HODL. How have they found the cash to pay down the Galaxy loan? From the NYDIG equipment financing of course....robbing Peter to pay Paul. No other source. Which BTW was probably the smart thing to do given their very limited options. But that in turn does that mean for Argo's expansion? It means they don't have the muscle to press ahead on time with the intel chip ASIC orders with epic. So they can't get from 3.9 EH to 5.5 EH as originally outlined (unless massive BTC price turn around soon).
If you look at their June investor presentation, the small print now reads: "The projected timeline could vary due to several factors including supply chain issues, regulatory issues, available capital....."
AVAILABLE CAPITAL - should flash red on your screens. The closest that Peter Wall got to being honest about this was a general comment that they could vary the intel timeline as per market conditions, all very smoke and mirrors.
Rather than be honest about their financial position they choose outright to refuse talk about it and that just ****es me entirely; which the main reason I wanted to put this lengthy post up so that all shareholders get a handle on what is going on. I expect mining CEOs to spin to the upside, they all do that, present the best case rosy picture, but don't treat investors as idiots and refuse to talk about a loan that effect 95% of your HODL.
Loved this q&a. They seem quite confident?
Love to see it play out nicely over quarters and years
“Haha yes it must be the stress of the money ive made here”
Blimey, you’re starting to sound like sPagbOl Jimmy, hence my concern for you!
Just pointing out how ridiculous the statement was that you made... that i was stressed here. I have no need to be stressed as I'm not in the mess your in. . I've already made my money here, so couldn't give a monkeys if argo go's up or down really. With the exception that I hope ot doesn't fall any further for the sake of other people here.