We would love to hear your thoughts about our site and services, please take our survey here.
London South East prides itself on its community spirit, and in order to keep the chat section problem free, we ask all members to follow these simple rules. In these rules, we refer to ourselves as "we", "us", "our". The user of the website is referred to as "you" and "your".
By posting on our share chat boards you are agreeing to the following:
The IP address of all posts is recorded to aid in enforcing these conditions. As a user you agree to any information you have entered being stored in a database. You agree that we have the right to remove, edit, move or close any topic or board at any time should we see fit. You agree that we have the right to remove any post without notice. You agree that we have the right to suspend your account without notice.
Please note some users may not behave properly and may post content that is misleading, untrue or offensive.
It is not possible for us to fully monitor all content all of the time but where we have actually received notice of any content that is potentially misleading, untrue, offensive, unlawful, infringes third party rights or is potentially in breach of these terms and conditions, then we will review such content, decide whether to remove it from this website and act accordingly.
Premium Members are members that have a premium subscription with London South East. You can subscribe here.
London South East does not endorse such members, and posts should not be construed as advice and represent the opinions of the authors, not those of London South East Ltd, or its affiliates.
Nobody knows exactly what the quiet period stops them from communicating but they can certainly give machine updates - as they already have.
I guess the lack of communication is due to the Nasdaq 40 days period. When is that due? That’s another nice piece of information, would be good if someone more informed than me could put an agenda with key dates going forward.
MARA has been tracking BTC pretty well recently. Also, look at when they made their ATHs, several overshot early. e.g. MARA was pretty much same ATH time as BTC.
I reckon many will start to look for value in Miners which have yet to catch up on e.g. MARA, and have been discounted, and there are several of these.
It seems ARB needs to build confidence in plans to deliver, an example of that is the 1.7EXH on track, now by Mid-Q4. Why not communicate where we are on that. e.g. Next Op Update needs to be explicit on Mining Capacity, not vague.
In summary. Miners have done poorly lately. None have tracked BTC well. The problem is not specific to ARB.
I am confident of the figures and I have cross-checked them with Yahoo Finance and Hargreaves Lansdown. All matched, except for a small (immaterial) disagreement with the 52w High for ARB between those two sources of data.
@LTInv: "which is what I believe is keeping the SP where it is, 65% below ATH, while all the other miners are 10/20% above."
It is not true that 'all the other miners are 10/20% above the ATH'.
None of the miners that I track (and invest in) are above their ATH. Here are the 15 Oct 2021 numbers (yesterday's close).
=================
Price vs 52w High
=================
ARB: -66.67%
DIGIHOST: -65.25%
RIOT: -64.69%
HIVE: -46.48%
BITFARMS: -28.37%
MARA: -15.24%
HUT 8: -18.09%
=================
As I mentioned on Thursday, apart from a few spikes, none of the miners have done well lately. The behaviour of RIOT in particular, has been very poor, similar to ARB.
Blonity talks about this: https://www.youtube.com/watch?v=U3ffX1KGWQs
Agree, hope is a mix between HODL and the money raised in the IPO, but our dear friend PW should come clean with it rather than writing RNS with vague statements leaving open doors for interpretation like “the rigs deposit will be funded with current cash”. Why not saying straight away is going to be fully funded? Investors ain’t stupid Mr. Wall, get your **** together
Sorry currently mine about £10m a month
I’m hoping it will be largely funded by the sale of HODl, out current Holding is worth about $120m with more coming in each months could probably build out without even selling what we mine each month. At current prices about £20m of Bitcoin a month. I’m not a big fan of selling off exciting early stages investment that we hold as these could be the real icing on the cake if you’ve chosen wisely and at this stage of development you never get best price.
I believe it would be beneficial to explain how they are planning to fund Texas and all the different phases up to the maximum MW capacity. Not sure if it has already been mentioned.
I am saying that because I think this is the main obstacle now, fear of more dilutions.
@ wastofspace Can’t remember username after 8 months jog on fraud
Hope so good luck all and don't grt your knickers in a twist over my posts they are just that posts from a stranger on a board of strangers. Have a nice weekend
*that needs Texas
£1.247p
I’ll be happy if we open around there on Monday.
Institutions still relieving PIs of their burdensome Argo shares as btc trundles towards $100k.
I’m in no rush, because I’m not slicing until £5. That new Texas, submersed, over-clocked rigs, preferably tailor made by ePic and MASSIVE revaluation of Pluto Digital.
Happy days.