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This is like someone saying to sell you West London property to buy a car. While not exact, this says to me Navier are so confident Argo shares will not drop lower than the agreed value of 135p, meaning we can go to town buying up to that level. While I know they could have paid with fiat which is depreciating, the pound is not doing badly.
The market seems to love the RNS. Funny that.
Solid RNS this morning regarding the Helios site and Naiver involvement, definitely upwards and onwards! Don’t let the negative individuals grind you down. I’m going to be holding for sure. GLA
You know it's a great RNS when the derampers are forced to cling to lies, make believe, and FUD.
Happy days all!
Don’t think it has to be a concern if they are set at a fair price.
In which case better to keep the BTC.
iangibbins - the other way to look at it is PW is playing a very clever game, keeping the company as debt free as possible, funding £500m worth of expansion with a small percentage of that pie, whatever that small percentage is. It's like free money.
I’d imagine PW has some fairly well educated and informed people helping him to plot the price of BTC etc. I’m sure (just like all investors) he has a strategy to squeeze every pound, shilling and pence out of each BTC when the time comes.
Giving them some now (when it’s already lower than it was a week ago) at this time of the month, when we know games are played by the mining pools is like burning cash.
If you build a house and then spend 30k on a loft conversion that adds 50k to the value its not relevant long term. Shareholders still own the house.
My fear is , when will he ever sell any Bitcoin for anything , new factory’s upgrades on machines , Argo is getting bigger which is great , but there is going to b millions of more shares issued , it makes no difference to Argo but it does to the current share holders more people to share the cake , and IMO Argo will keep diluting, they need anything they dilute, it’s not good for share holders , what’s the 100 million pound lending facility for , Argo never going to use it , that is pointless , not a deramping just how I feel iam deeply invested in this share gla
Letsberich. Depends on how long you holding as to weather it matters or not. I personally have no intention of selling before both Nasdaq and Texas are completed if anything I’m happy to add as I have been doing.
A timely reminder of what Texas will bring - and giving the development consultant a little (0.05%) skin in the game to incentivise maximum performance is shrewd and very positive.
The RNS is great news indeed, but watch the sp go down. *FACEPALM*
Looks like the market likes it, open 145/165. And why wouldn't they :-) Great strides forward, here's to a nice blue day
Don’t forget this part ... “ and structurally scalable industrial mining sites in the world”
Leads us on for that total 800MW past the initial 200MW
I’d rather remain debt free for now anyway.
An RNS showing that the Texas facility will be a monster when completed.
"Navier will also work with Argo to install next-generation immersion technology designed to boost mining productivity, control heat, and increase the lifespan of installed mining rigs."
That's a big sentance and really shows the scope of what is ahead.
The deal is a very good one with payment is tranches and minimal shares.
The $100m credit facility should be available soon as well. Things are heating up!