The latest Investing Matters Podcast episode featuring Jeremy Skillington, CEO of Poolbeg Pharma has just been released. Listen here.
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Billfunk - my btc time estimates are similar to yours, as you are probably aware i am very bullish on this share and will continue to add month on month, as i do believe we are one of the most efficient miners in the world. Since January, Peter has changed a number of key things about the business, i think he is technically very strong and is now surrounding himself with trusted individuals.
In terms of a dividends, an one off dividends might be explored in 2021, but this will heavily depend on the btc price.
I think their will be a lot of news coming out of Argo in the next three months and i wouldnt be surprised if they continue to buy cheap kit of distressed sellers.
June's figures will be very telling, if they can make a small loss or even breakeven , this will be very encouraging for the future.
stay safe
WmsJames - I'm hopeful we might see 15k by Christmas but this may optimistic given the wall of 10k and 11k calls month after month. Eventually these guys will be exhausted and BTC can move up, but I think we are looking at 2021. When this does move I am expecting a lot more than just 20k. 100k to 288k this halving cycle looks more likely.
Which explains why I don't want to see the board liquidating 10k BTC to pay fiat dividends in 2020. It would be insane.
Those of us with large investment in ARB will welcome the reply published by 2fatcatz. The high BoD remuneration last year was as shown in the accounts and do appear to have been premature and excessive for such a young Company. To then, as looks likely, to have dumped shares and suppressed this year's SP, just shows we were well rid of them. As fro BTC. Never forget the deep state global ponzi banking system is desperate for BTC to not become ever more successful. Day after day those concerned and powerful but declining, institutions and their political scammers FEAR the rise of BTC. If PayPal do go down the reported path of BTC purchase and use for payment option internationally that will be a big move. Despite the fiat cheerleaders such as Yahoo. Who constantly gainsay the crypto future. $20 k per coin very likely this year, thereafter who knows? It's here to stay I suspect as fiat becomes Wiemar Republic like bog roll paper. Stupid wars, military and trade, corruption at high levels and failing currency markets all visible, coming down the track. Gold for storing, BTC for paying is a good place to be IMHO. ARB remains a big opportunity as yet unseen by those still stuck in the past and duped as to the realities of global economic Armageddon.
Billfunk1 - from reading your posts, we both believe in the bull run, at the moment i would be very happy with $20k by xmas
Torham - bull run to 20k. Is that it?
Quite clearly Bixby and Edwards were milking the company based on their salaries. I asked the question relating to H2 payments to current staff and got the following reply.
"The consulting fees/salaries to Mr. Hothi and Mr. Wall are in line with Canadian market rates for these positions. These payments were higher in H2 as there was a bonus awarded by previous management to the team at the end of Q4 for successfully pivoting the business and completing a significant capital investment. The size and discretionary nature of this bonus are not likely to be repeated by the current management, and certainly not when the company operated at a loss."
If you feel the current personnel are not worthy of their salaries or are not happy with them not purchasing company shares then feel free to sell yours and invest in other companies.
There are many other companies where the CEO and Directors are taking large fees and all shareholders are getting is dilution after dilution due to placings. Our current mining capacity allows us to keep our head above water unlike possible other miners and we will hopefully see the benefit in the next Bitcoin bullrun.
Good morning,
Trust this finds you all well.
I like the idea of performance related pay and as someone who often worked harder than my colleagues and had greater output it used to cause me some chagrin that we were paid the same.
When it comes to our execs pay I would welcome performance related enhancement but I wonder just how do we define their performance?
To link it to the SP doesn't work as the market decides that and it is not influenced by how well or hard the execs perform. We are currently a profit making company (having recovered from the 2019 upheaval/expenses/redirection) and the strategy the board are using seems to me to be the right one.
The board just made a shrewd investment in the Z machines and appear to have negotiated a good deal. Should we give them a bonus or just expect that's them doing their job (that we pay them for)?
The board don't/can't influence the price of BTC or ZCash.
I feel everyone's pain re the SP, I am looking at an 18% paper loss on my investment here but when the predicted BTC run to 20k happens I'm very confident I'll be looking at 180% profit.
Just my thoughts on the topic...
Health, Happiness and Wealth to you all, (whether you are in a private group or not!)
Torham
Agree with performance based pay.
Don't agree with dividends. Too much effort goes into converting fiat into BTC - depreciation and salaries - so to convert that straight back to fiat is counterproductive. We should keep our appreciating assets as these will be worth more in the long term.
Well said. It is a topic that has really annoyed a lot of pi. Just making themselves look like a robbing aim listed company
Either ARB pays us a dividend, or a SIGNIFICANT portion of management / BoD compensation is tied to SP performance. I am not talking about share options; "Execs" should be paid a very basic salary, as well as be eligible for a quarterly bonus, based on SP performance, and/or margin % targets. That is fair. Otherwise, PI's are the only ones with skin in the game.
directors would be daft to buy shares when they have no risk options at 7p, although might stop some of the moaning
Fiat Poverty and Crypto Poverty
The BOD have pleaded poverty but which is it? Could these be the only crypto miners in the history of bitcoin not to hodl any coins at all? Several of them have a stated "passion" for crypto and many have been in this space for years, but they don't hold any BTC at all. Believable? Or are they blowing smoke up our a.rses?
Remember folks, even crypto maximalists require a bit of fiat - for mortgages and taxes. That's where we come in. But most of their wealth is in crypto and they don't want to spunk that away on a fiat venture like this. Because BTC > Fiat and Argo is fiat not BTC.