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Perverse
“contrary to the accepted or expected standard or practice”
Zorro you are one strange fella.
Read my reply properly. I said you wouldn’t use it to pay dividends. It makes no sense.
More lies.
So you use placing money to pay dividends. Hilarious. I have not heard anything just remotely stupid that this.
Mate you need to check your head!!!
I really don’t think you’re anybody’s mate.
Yes but not for dividend reason mate ??
I believe Peter explains that in the videos as during 2020 they had to sell the majority of BTC mines to pay for operational expenses but so far in 2021 any BTC mined is being hodl’d (they haven’t sold any they’ve mined this year)
I see you’ve started early today with the lies Saby.
ARB have sold plenty of coins e.g. they used DOT sales to fund the first investment in Pluto and used BTC to fund expenses etc (if they hadn’t how do you explain them only holding 900 when they’ve mined thousands).
Also they have plenty of cash at the moment but this is mainly from share issues in Q1 so it would be perverse to use it for dividends and anyway it makes much sense for a growing company to invest capital rather than hand it back to shareholders.
De-ramp all you like but at least get your facts straight.
In 2020 they mined a total 2,465 Bitcoin or equivalent, yet at the end of April update they are holding 936 Bitcoin. Looks to me like they have sold a few coins, no?
Dividends?!!! :DDD
Where are you get the money to pay dividends?
Because to date Argo have not sold a single coin. Hence £€$ Zero in the bank.
AlphaOmega,
Totally agree with your posts the company is preforming well but the share holders are just seeing delusion of their investment.
Its about time the company gave a little back to the shareholders. ?
The reason is closed up is because the chatter all day has been about the environmental impact of mining.
Argos “Green” credentials are making it stand out from the rest.
Expect to see a surge up, tomorrow.
Could be right. I’m guessing (based off next to nothing) Mon 24th May for Nasdaq listing announcement :D (I know it may not happen for months but one can hope! :))
The rest of the sector has been complete carnage today so ARB's spurious out performance might be a telltale sign of NASDAQ news tomorrow. I would expect a spike higher on the open if that's the case, but given that HUT and BITF have both cratered since announcing their NASDAQ listings in the last few days, I would expect ARB to also retrace sharply unless there is a major rebound in BTC. Pity the NASDAQ news wasn't announced when we were at 250p. Still, it should help on the next leg up.
I'm absolutely dumbstruck at the turn around by KF! We all knew it'd come back, but TODAY???? Damn proud to be invested here. What a time to stand out from the crowd!
Yes bully spot on let’s hope all the miners are up tomorrow. Only a very sad lonely individual would wish others to lose money.
Almost all of the other miners were down, digihost was up 34%
ARGO +2,9% in OTC, all other crypto stocks around -10%