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Blimey, is it just me or has FP gone off on a right tangent?
Is anyone able to check on him? Jokes aside he’s been all over the shop lately. Sounds pretty stressed.
I dont like hearing BS ramping by AB, trying to kidd people.
Sorry limp can't see your reply
Are argo one of the worst miners ?( I dont think they are)
Or is it that have the knackered 3 year old t17 & s17s which are shot that makes them look so bad ?
Haha AB, you are spot on there.
Jeez FP, you have become a bitter and twisted individual.
Information pertaining to ARB is out there written in RNSs and contained within videos etc. Hexam and AB are good with the numbers and are broadly aligned bar a few ponderable’s so we get the benefit of seeing their calculations regarding today, but there are too many unknowns to “calculate” tomorrow just yet.
So you are left with a choice, like what you see and invest, don’t like it and don’t. But hanging around on a board attacking people out of frustration doesn’t seem a productive use of time. You’re a trader, traders don’t normally care about fundamentals, just the numbers, why do you get so uppity?
Yes that sums it up LA, look forward to the ramping lies in next week's RNS from the gang. Prediction: any good news will be considered bad because a) Argo is terrible, b) Argo is going bankrupt next week, c) every other miner is better than Argo, d) it's not possible for Argo to do anything e) Peter Wall's hair gel causing twitter videos and swimming pools to cost millions. Something along those lines. These guys are clowns just ignore them.
I will continue to point out the terrible ramping nonsense from AB when ever he keeps putting up ridiculous figures he's plucking out thin air(and then adds... "is possible" to try to cover his dishonest ramps)
Hexam on the other hand is a very smart guy who calls out anything which he sees as incorrect ,whether it is possive or negative about argo.
For goodness sake Limp
Argo has the worst btc per EH for the last 6 months.
Do your think its because of the newer S19 s that were installed sept to dec.?
Or do you think its the 3 year old T17 & S17 which are at the end of their mining life ?
Or are you seriously that daft to believe in snow , hot weather , cold weather, fog, frost , west winds, north winds , bad luck and all the other excuses
So in the mire that is your mind FP, any news that is put out is either a lie (if from PW) or a ramp (if from an investor), anything not put out points to lack of transparency and therefore open to conspiracy and conjecture on the part of you and the other chimps? Also it seems anything put out by AB is open to attack by yourself, even though he is broadly in line with Hexam who draws such praise from yourself.
In the interests of transparency, is that about right? It’ll help with my naivety.
What! the most transparent mining company in the world, haven't told you this. ....Well I never
As said, look at the mining numbers for the last 6 months to refresh your naivety
“They have been knackered for the last 6 months . If your still in any doubt , look at the terrible mined numbers”
I must’ve missed the “knackered machine” update or RNS! Lol
"Forget the 0.6eh of 17 series, that will just hash away in the background as a smaller and smaller percentage of Argo's hash, much like the ZCash miners. Profitable and fully paid for, just adding to profit."
They have been knackered for the last 6 months . If your still in any doubt , look at the terrible mined numbers
No miner is lifting off in these conditions. Look at corz who are mining over 1000 a month and their market cap is less than 500mil. However once sentiment changes it will matter. In the mean time Argo just needs to execute Helios fit out as per plan. Looking forward to next week's update, even though it probably won't make a blind bit of difference to the share price. Forget the 0.6eh of 17 series, that will just hash away in the background as a smaller and smaller percentage of Argo's hash, much like the ZCash miners. Profitable and fully paid for, just adding to profit.
even if they do fix it without binning those machines and they start achieving the same eh as its peers under the current climate that wont send this to lift off, at the very least Argo can at least say they are a leading miner with those figures but as bitf and corz have proven its more to it than just correct eh equivalents but it will be good for arb to get this in line. After seeing Terrapool figures im not so sure arbs will be yet. A bad June will not be well received thats for sure, peoplelet last month go i dont think investors will be so charitable this time if its bad again.
Low cash, low hodl, imminent loans collateral issues would be the pressing matters id be concerned with if i were long here.
Feels like the rug can be pulled any moment here.
I think the general concern outside of the global tosh is the btc per eh. If they fix that then it’s at least poised to lift.
Yes sum up of q&a without embellishment.
Krautyankee, Looks like direct quotes and info from the post AGM Q&A to me? Have a watch for yourself. Please!
LA - Personally, I do not like this; I am not drinking the kool-aid in your post. Any amateur ARB-bear could poke huge holes in your claims. I am not a bear, but I much prefer a no-nonsense dose of reality, instead of wishful thinking. "keep it real", as they say. please!
Yep nicely summed up!
Argo Blockchain June ‘22
- 90% of Bitmain machines paid for
- 95% of Helios paid for
- Well positioned for Bear market conditions, quote “Balance sheet strong enough to withstand lower prices, and potentially take advantage of any increase in market share, and any downturn in the costs of machines”
- quote re upcoming expenditure, “we don’t have a ton of huge costs coming up the vast majority of our Bitmain machines and infrastructure is paid for. Intel costs coming up but flexibility available on that, we can lean in or out depending on market conditions.”
- quote re opportunities surrounding distressed assets in the market, “I don’t think it’s a secret there are miners that have over committed to orders and have put down deposits but don’t have anywhere to put those machines or don’t have the capital to pay for those machines.”
- Debt —— 1) Btc backed Galaxy loan (more details of strategy/hedging at the half yearly). 2) Nydig infrastructure loan. 3) Nydig machine loan (flexible). 4) small mortgages on Canadian properties.
- Market leading in ESG
- Tier A miner
- Low power costs in Quebec and Texas
- One of 4 company’s working with Intel. Epic building ARB bespoke miners incorporating the Intel chip.
- quote “We played it smart in 2021, we didn’t over commit.”
- Hashrate directed at TerraPool under constant review. Other Pools looked at as well.
The only thing I’d add is that we should expect to see news on machines installed, updated hashrate, and of course btc mined in the June op update.
Onwards and upwards!!