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@Hexam, I certainly wasn’t thinking you were referring to me! Thank you for your kind words. A little more civility on this board would make it much more pleasant for readers. Likewise, doing away with the constant ramping and de-ramping which seems to trigger the petty postings as this seems to be a major issue for some. All of it is a waste of time. Patience. ATB
@600 - Good luck with those returns but I wasn’t referring to you at all as a fool. It was aimed at the ramper who confidently predicted 145p as this morning’s opening price and more generally at all those who think they can see into the future and know the unknowable.
You’re clearly no fool and keep up the great posts! ATB
@Hexam, well I admit, I have been a fool in the past, I have predicted, or hoped, I’d see such and such a SP. In more recent months, I have been able to sit back and zoom out comfortable in my belief that ARB will come good. For personal reasons I’d like a decent return in 5 years but would love that to be good enough to have a fair few left for the bigger gains I believe will come later. Fundamentals and leadership are the best I’ve ever invested in and I’m comfortable to have all my eggs in this particular basket. ATB
@600 - Agree, he could be serious. A good indication maybe whether he asks a similar question in subsequent interviews.
As to the sp I am not so worried about how it is acting and reacting at the moment. If the company is good, and its profits are good, then sooner or later the sp will come good too. And arb is better than good while its profitability is fantastic.
So I'm confident the sp will take off but knowing exactly when only a fool would try to predict.
Splatted - not late at all. i have never claimed to know everything! about the company.
@Hexam, I too listened in and I think MS would not merely jest, I took it as a serious inquiry. He seems to like ARB and I think gained a better understanding through the discussion with Peter on the night. I definitely think there is some scope for them to thrash out a deal that works for both parties. Maybe I'm being to optimistic but I took it that this was no accident on MS's part although it might have been unexpected by PW. Time will tell but we need something to reverse the trend of good news followed by our SP slipping - not all down to bitty IMO. ATB
Swans - I put forward my view on how I see things at this point in time. Yes i am a new poster everyone got to start somewhere. i hold Arb. I dont tell people to buy or sell, its their money they can do as the wish. people can make their own minds up. i try to give accurate information unlike others on this board. Those reading can assess the facts and make decision or follow the disinformation.
Thanks K3 and agree it makes the stop gap loan which was a bit baffling at the time make perfect sense now and another part of the jigsaw that's all coming together rather than an oddity.
@600 - I listened to the interview and this didn't sound serious (though it could have been a serious thought, disguised as a joke, to sound PW out).
I really don't know how he might do it other than simply invest as part of the IPO - though I doubt the whole IPO will be as much as $500m or even close.
Hexam, thanks for that correction. Issuing new shares would explain the $20m borrowing recently. Maybe the Nasdaq listing will be later than was first planned, so a financial stopgap measure had to be put in place to fund current expansion until post ipo.
Not sure it will be $500m, but I bet Michael Saylor, Microstrategy, or both, will be buying in.
@Hexam, how do you see Mr Saylor coughing up $500m towards Texas? I am sure PW would negotiate a 'fair' deal. ATB
Cheers for reply Hexam very much appreciated.arb
Agree that HGN puts a negative spin on things but he is right one thing - ARB is raising new funds as part of the dual listing.
But in my view this is a GOOD thing. The huge expansion in Texas is going to need funding but what better way than as part of gaining access to NASDAQ and a wider reach to US investors than OTC gives? The main alternatives are loans, selling BTC or dilution on LSE - all less attractive options in my view.
K3 is correct that EMH did not raise new funds for their ADRs but they went the level 1 route for ADRs i.e. no new shares and no listing (they are still on OTC). As ARB stated in the RNS they are going with an IPO, the level 3 route, which means dual listing and new capital. A better example to compare with is Abcam who raised $180m going down this route in October last year (and their share price wasn't damaged at all).
Quite! Beware new posters who suddenly appear on here making out like they know all there is to know about arb but already a year late to the party.
So far HopeGreedNothing everyone of your posts has a negative twist to it .You are a new poster who seems to have a negative agenda and is trying to create doubt in numerous posts.It’s not working by the way but keep anyway.atb
Before all hell breaks loose, i know our RNS, states dual listing. Trying to make a point. Time will tell.
K3VMC
Yes. The clue is in the word “loan “. Your point was that that would struggle for cash. Not so. They will repay the loan after their btc mining BALOONS
That was not my point. i was merely highlighting we are burning through money building a facility which, as it currently stands there are no contracts, orders for miners that will significantly increase our exhash to similar levels of the competition. What would be the cost of miners to brings us on par with competition? As BTC increases so does the cost of miners, and if what you say below is true and Arb are not raising capital then how they going to pay for the miners to bring them up to speed. Currently not selling BTC. Debt? I hope BTC does Balloon things would look less painful then.
It is an IPO. Initial (first) Public (people) Offering (you can buy these). NO dilution. If you don’t understand, go look at EMH’s recent Nasdaq IPO
i will let you look up the defination of an IPO, if you are stating that it is the same situation as EMH then ARB are not joining the Nasdaq. 'EMH will remain a member company of the Nasdaq International Designation and is not listed or traded on the NASDAQ Stock Market, LLC' taken from RNS.
Definition of Nasdaq International is a designation. 'The companies are not listed or traded on The Nasdaq Stock Market, LLC. and are not subject to the same listing or qualification standards applicable to securities listed or traded on an exchange. The U.S. shares will continue to trade on the OTC.'
Time will tell.
HGN
“ No. The Texas deal comes with $100m loan facility on very good terms.
Do they have to pay the loan back?”
Yes. The clue is in the word “loan “. Your point was that that would struggle for cash. Not so. They will repay the loan after their btc mining BALOONS.
“No. ADRs are bundles of UK shares, sold by appointed brokers in USD, capable of being bought by institutions and PIs into their 401k accounts. Where do these shares come from?
RNS - 'initial public offering (the "Proposed Offering") of American Depositary Shares ("ADSs") representing its ordinary shares in the United States. The number of ADSs to be offered and the price range for the Proposed Offering have not yet been determined. The Proposed Offering is expected to commence in the third quarter of 2021 after the SEC completes its review process, subject to market and other conditions'.”
It is an IPO. Initial (first) Public (people) Offering (you can buy these). NO dilution. If you don’t understand, go look at EMH’s recent Nasdaq IPO.
“Yes, no, maybe. I have no idea what that sentence means. I understand all the words, but I think a lot of them are in the wrong place.
What is Arb's current declared exhash?”
Oh. Why didn’t you ask that, instead of that ramble?
As far as I know, they don’t publish that. Why don’t you ask them?
“No placing that I can see. Please provide details
i would direct you to the RNS 21st July as above.”
Ok. See above. EMH had an IPO, not a placing. ARB Iis having an IPO, not a placing.
“Well, that’s the thing about history. No denying they were established before Argo, but what is your point? not enough characters to answer that.
So what? Don’t like? Maybe go invest in an old US company?
Or invest in a new US company.”
“Just sharing my observations about where the company is at at this moment”
Ok. I’m just correcting you on the loan and the placing.
:-))
AMor15 - Eloquently put.
No. The Texas deal comes with $100m loan facility on very good terms.
Do they have to pay the loan back?
No. ADRs are bundles of UK shares, sold by appointed brokers in USD, capable of being bought by institutions and PIs into their 401k accounts. Where do these shares come from?
RNS - 'initial public offering (the "Proposed Offering") of American Depositary Shares ("ADSs") representing its ordinary shares in the United States. The number of ADSs to be offered and the price range for the Proposed Offering have not yet been determined. The Proposed Offering is expected to commence in the third quarter of 2021 after the SEC completes its review process, subject to market and other conditions'.
Yes, no, maybe. I have no idea what that sentence means. I understand all the words, but I think a lot of them are in the wrong place.
What is Arb's current declared exhash?
No placing that I can see. Please provide details
i would direct you to the RNS 21st July as above.
Well, that’s the thing about history. No denying they were established before Argo, but what is your point? not enough characters to answer that.
So what? Don’t like? Maybe go invest in an old US company?
Or invest in a new US company.
Just sharing my observations about where the company is at at this moment.
HGN
“ All this good news? Texas facility? Nasdaq Listing?”
Yes. All very good news.
“Short term Texas is a drain on capital.”
No. The Texas deal comes with $100m loan facility on very good terms.
“Mid term Nasdaq will be major dilution. (Raise for funds).”
No. ADRs are bundles of UK shares, sold by appointed brokers in USD, capable of being bought by institutions and PIs into their 401k accounts.
“Yes they have to be done to move forward.”
Yes.
“But currently no declared exhash, by that i mean significant, a min. of 6 exhash, Wait and see what damage the listing does, and reassess.”
Yes, no, maybe. I have no idea what that sentence means. I understand all the words, but I think a lot of them are in the wrong place.
“ See what they declare on exhash after fund raise and how soon it can be delivered.”
No placing that I can see. Please provide details.
“ They are currently 1 year if not 2 years behind the Yanks.”
Well, that’s the thing about history. No denying they were established before Argo, but what is your point?
“And as PW says all the time 1 year in crypto world is like.....”
So what? Don’t like? Maybe go invest in an old US company?
HGN,
I agree, there’s quite a bit in the pipeline yet not a lot of certainty which the market always hates. It feels like until there is some some hard and fast progress or confirmed traction we will wallow in others slipstream. A greater reluctance on LSE to get behind BTC and associated businesses doesn’t do ARB any favours either.
Would love to see a much faster and more aggressive expansion on the Hash front before we fall too far behind.
I live in hope
sorry I forgot to add, depending on BTC price.
how do you see it?
Who are you? Batti or Schlong?