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Duke - £9k this year in Kids ISAs, mine are young, so probably wont need the money for 20 ish years, assuming i tell them about it
True, BTC likes bank holidays! We have also learnt that it follows the market and likes QE and stimulus so with the run up to halving we should be due a rerate on steroids! We know how quickly this can leap especially after a run of people’s heads being down. On your marks....!
Trek
£1
haha, remember the management options. I remember the day they announced the options and I had a bit of a go at the bod on here for the low option price. Wouldn't mind seeing 7p now haha
Thank you Theduke.
Even better then...Revenue prediction 2020 circa £24M which is 300% YOY growth (2019 £8.5M) which is fantastic.
Looks like a no brainer.
I'd love to see Argo set up it's own Hodl fund for shareholders..I've sent them an email asking if this could be considered.
It would make holding this share very interesting if BTC does go ballistic as the fiat printing machines go into overdrive in the coming months and years..
This share could be a Hodl in it's own right
imo etc
News due soon though which will awaken the market! The MM's will need shares. Shake the tree and accumulate. That old chestnut.
I like the opportunity here so have taken a position. Notes below mainly for my future ref but feel free to correct me on any inaccuracies.
Looks to be growing revenue rapidly (2018 0.76M, 2019 £8.5M, 2020 H1 £6M). Management options Jan 2020 at 7p. 2019 NAV at £23M (probably higher now) Currently discounted MCAP circa £11M. Shares 294M.
SP closely follows BTC price which is rebounding now( not priced in). BTC Halving due May 2020, but BTC price previously gone up after these as incoming BTC availability drops. Inefficient operators driven out. High efficiency circa 42% so well positioned.
New machines coming on line (17000 end of April 20). Low recent trading Vol (2.6M) vs ave of 3.8M would suggest this is under the radar (apart from recent bottom feeding traders)
Chart: Downward trend channel broken recently so technical breakout. New upward trend channel towards MA50. Gap @ 4.5p which is first target.
Recent BTC price rebound doesn't appear to be priced into the SP. I would think this is only a matter of time before the market sees the oversold nature here. Lots of upside here. Let me know if i've missed anything obvious please. All IMO, DYOR.
GLA
Sausage
Nice James, hopefully you're kids will be very grateful of your wise investment choices; or not.
Hi
With that in mind, my kids ISA's have just been topped up , the £4472 and £2972 are both my buys
Agree James. However, given it makes no sense, you can often make share purchases on down days, even though BTC hasn't even moved.
BTC 7350 , this share makes no sense,
Ah I see they have permission for capacity of up to 1360 petahash...almost double todays level.
Bitcoin Cash's own halving event happened today.
BSV on Friday.
There could be an early indicator of things to come by looking at those chains.
I don't think they'll give too much forward aims anymore and will just include the new purchases in RNS' like last time.
Has it been confirmed how big the scale up will be this year/ number of additional machines coming online? Only just discovered this company today & very impressed with the numbers!!
Correction - I also bought a bit more BMN.
ARB the biggest buy though.
Remember we've got 1,000 new machines coming online by the end of this month.
Company is delivering on what they can.
Still the only share I've topped up in since the corona crisis and will have trebled my investment in this in the next few days.
GLA, DYOR.