George Frangeskides, Chairman at ALBA, explains why the Pilbara Lithium option ‘was too good to miss’. Watch the video here.
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I am not sure how Bitcoin could drop 85% based on the different participants involved. Before bitcoin was full of retail shareholders. Now its different unless some catstophic event were to occur. Unfortunately who know what China would do, another virus, attack Taiwann. Other than that I dont think there will be another significant drop.
I watched a stack tonight so didn't copy it mac.
Will have a quick look, if not , i will find & post it tmrw
Dorsey is
"Square CEO Jack Dorsey said late on Friday the company might jump into the bitcoin mining business.
Dorsey tweeted that the company is considering a "bitcoin mining system based on custom silicon and open source for individuals and businesses worldwide.""
Not sure that its good news for argo just more competition, hopefully it's a way off
FP999 - That sounds very interesting, about MSTR setting up another company. Do you have a link to the info, please? (I have a big chunk in MSTR also)
Think M saylor will be setting up another company from what I saw on a video earlier ( wasn't mining) might be worth a few £ in mstr
Caddor: my understanding based on what Plan B and few others with big follower numbers/credibility: a bear market is a correction in the region of 80-85%. But that’s from the blow off top. And that correction figure is deducted by some Chartists to be 47-60k. In other words the absolute bottom is 47-60k for this entire cycle. Plan B also says the AVERAGE for this entire cycle is circa 100k. We have had May 20-Oct 21 so far, much below 100k. So the rest of the cycle has to be spectacular (IF Plan B is to be believed). Can cycle still play out if front run and people have awareness etc? Who knows. Based on adoption expectations and network effects, all irrelevant. Patient hold for 2028 and beyond.
@Caddor
"
If Peter were to announce such a plan an investor like Saylor and his 500 million would be what the doctor ordered."
I see that sort of scenario as an all bets off kind of thing, who knows where the shareprice would end up. Although unlikely its far from impossible, but someone with deep pockets like that may well want to own the whole company and assets, that wouldn't then be such a good thing for us mere mortals.
Clearly its not my decision but let put the decision but just throwing this out there. The object of the game is to accumulate as much bitcoin as possible with the assumption bitcoin is going to worth 10 times more than it is today. Rest assured the other miner are going to be growing at a rate to make the mining difficulty very challenging as mining machine are brought on line over years and years. Also the halving event would considerably drop the amount of bitcoin mined. My calculation shown in a previous topic showed that we could be mining 1000’s of bitcoin per month and could very well have the Return on investment in a few short months based on a Bitcoin @ 100k and above.
If Peter were to announce such a plan an investor like Saylor and his 500 million would be what the doctor ordered.
@Moneyman
"The_Chuz do you have anything positive towards your investment???
I understand everyone has there own views and opinions but you seem to find all the negative points and no positively at all."
Ehh? It's not being negative its a statement of fact as far as I know it.
You can't kit out Helios 800mw with us fully owning the rig by issuing 100 mil shares unless the share price is around £10 per share.
It's not a negative statement, there are some on here that do not seem to appreciate just how many rigs and how much it costs for the rigs to kit out 100mw let alone 800mw.
Have you seen any of my posts where I say that I believe 1.7eh as planned this year is valued I'm my opinion at 230p per share?
I'll be quite open about it, I don't particully care about the company or the btc movement, or argo going green or PW or any of the board members. I only care about picking a share that's going to make me money so I can then sell that share and do the same again until I have made enough money that I don't need to really think about money for the rest of my life.
It's not about being positive or negative it's about trying to get as much information and difference of opinion so that I can form my own opinion.
I cannot buy into dome of the crazy things that are said here when the fact is btc has gone up 50% since the IPO and we are at a lower price than before the IPO. Its like everyone telling me its not raining when I can see it and feel it and my clothes are wet.
It's all good though, it would just be nice to try and stick to talking about details of the company rather than wasting finger power trying to figure out if I'm a ramper, shorter, fudder, etc. The reality is, if I was any if those things my posts would still have zero effect on the shareprice just like they do now.
The_Chuz do you have anything positive towards your investment???
I understand everyone has there own views and opinions but you seem to find all the negative points and no positively at all.
I'm a believer you should only invest in what you believe In.
GLA Argonauts
MM80 ARB-£5
@thechuz
"So 800 mw is will be around 960 million dollars or said another way 0.98 billion dollars."
Haha, clearly take my figures with a pinch of salt if I think 960 million = 0.98 billion, just a typo honest ha
@Caddor
"It's not impossible over a long period but I don't think we will ever see 800mw of our own machines in Helios."
We could issue 100mil shares at around £10 each but I don't know of anything that will get us there. I would also be long gone by then so wouldn't matter too much to me.
@Caddor
"Lastly, If Peter were to request approval from share holders to offer another 100 million shares to expedite the complete build out of Helios with a full 800 mw’s churning out thousands of bitcoin per month I would not object to the idea. We would then be the top miner surpassing Marathon."
Please remember that each 100mw of mining machines will cist around 120 million dollars.
So 800 mw is will be around 960 million dollars or said another way 0.98 billion dollars.
That is substantially more than our whole market cap, it can't be done with 100 million shares at anywhere near todays price.
It's not impossible over a long period but I don't think we will ever see 800mw of our own machines in Helios.
Lastly, If Peter were to request approval from share holders to offer another 100 million shares to expedite the complete build out of Helios with a full 800 mw’s churning out thousands of bitcoin per month I would not object to the idea. We would then be the top miner surpassing Marathon.
I have read a few comments about a bear market in the near future that will whipe out some miners.
I suppose we are going to need to define a bear market, catalysts, and drivers.
Bear Market: So I am assuming a bear market may be triggered by a catalytic such as if a significant stock market correction. However, Bitcoin may very well be sitting in the mid-100k mark, and what constitutes a bear market? Bitcoin falling to 75k? Miners would continue to be profitable at that level.
Overall, Peter’s plan to have the retail investors pre-pay for Pluto, Heios, and other build-outs have provided a safe haven for Argo because everything is paid for with a low overhead. I am assuming as we go forward Peter will use a percentage of Argo Hodl currently valued at $120 million as collateral for additional miner purchases and probably sell enough bitcoin to mange paying off the miners on a monthly basis.