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Bitcoin as a store of value is still a weird concept as I struggle to come to terms with crypto currencies. Sure the vast bulk of fiat money is crypto anyway, it doesn't really exist however, it is still a strange concept.
Yesterday, I had to go to the safe deposit box to retrieve some documents. Whilst there, I looked at my physical silver and my physical coin coin collections and thought how strange am I for being here, tinkering with not really there currencies. It is a strange world. One that I will get used to but strange nonetheless.
Trek, totally agree, unless there’s plans for another equipment order straight after Xmas I would take the full £3m we had over from the change in equipment order and buy the stock at these prices. I think this would have a more positive effect on the SP that paying a dividend in the short term.
SP is a great opportunity imo. AIM and investing in general is not in vogue ATM. I mean you can get 6.8% divi on some FTSE stocks covered nearly 2x. Trade wars, brexit, U.K. GE, corbyn planning the biggest pension fraud ever by giving workers 10% of stock, nationalising utilities and steam rolling free BB, think about the impact on pensions. I'm not political have voted for them all at some point past but I try to be attentive for my investments. Against all that back drop there are bargains for those brace enough which leads me to the bargain here. I previously advocated the continuation of expanding our capex but the sp is at such a level I think the bod should grab £1m of shares. I haven't checked the articles of association but if they can do it the should imo embark on one off cash raids. So cheap.
Trek
£1
Taken from Interim results:
"Generated £1.4m of cryptoassets in June 2019 from a total of 5,000 machines in production at the end of 30 June 2019"
As i said previously, if you believe in the future of Bitcoin as recognised store of value then we are near the lower end of a buying range.
Buy on fear, sell on greed.
I also wanted to raise a note about a statement made within the last RNS:
"Argo is also pleased to report that, further to its announcement of 28 August 2019, 1,026 S17 Antminers that commenced production in late May 2019 have achieved a 100% payback on their investment."
5 months runtime to reach break-even on installed equipment!!
In the U.K It's normal practise - when buying Bitcoin Antminer - to calculate anything around 11 to 13 months of mining before reaching break-even and achieving 100% payback.
ARB have reduced the time to zero out equipment costs because they have
A: Strong purchasing power when ordering mining equip.
B: Good timing, leveraging into rising Bitcoin pricing.
C: Access to cheap electricity.
D: Managed costs across the board.
E: Enhanced miner capability wherever possible.
Credit where credit is due. It's difficult to find fault with the management.
lol... collapsing a whole 2% to the price it was 3 weeks ago.
BTC very volatile today !!!!!
Fair bit of volume today !!
Tick up !
Can see us finishing blue today now !
I am also of the same opinion as Idiot and Trek however, depressing at this price as it means almost a year of research and checking and thinking about it looking at Bitcoin checking again and again for nothing so far. We really are back to square one in terms of share price. Let’s hope it isn’t for long as how long can people wait, I doubt forever.
yes it is. 165,079
my buy of 165k shares not showing up !!!
Think we have bottomed out - I am of same opinion as TREK ! I truly believe this share could be the one that we all dream of ! If bit coin goes North as expected on the run up to halving I can see this share hitting the £s never mind pennies.
here goes - Im buying another £10k now - Or just a smidge over !
gap at 2.9 as well ... where do you draw a line on which ones get filled and which don't ?... and if BTC goes on a tear up ?
Gaps just don't 'need' to be filled ... though gaps up are more commonly 'filled' than gaps down. Fair enough to have that 5.2 as a target to be fair though as there is that gap + fib.
cheers 1750
I've got 5.2 on a fib. Gaps don't religiously fill, isn't there one at 3.5 ?. A move on BTC could change everything at anytime of course.
from what date on the chart does this need to be filled ?
no volume with sellers smothering the stock. Would think 5p is the floor here, its where the gap fill on the chart needs to fill so just needs a flush