Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
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A mix of debt, proceeds from selling BTC, and capital raises.
The Chuz has given a good example of what I have previously suggested re the company actually using the markets effectively.
This could equally be done with selling and re-buying Bitcoin, and MARA did precisely this earlier in the year. Or raise debt now and sell BTC whilst it’s high to pay off the debt.
Ultimately, asset management is about buying low and selling high, and a good asset management strategy makes the most of all avenues for generating income and growing the business.
I was asking Rory unless that's your duplicate profile
Fingers crossed Chuz. There’s so much negativity around when it could be put much better use. Have a good afternoon, onwards and upwards.
@Everup
"Chuz, why don’t you then send PW/Argo an email - and or Twitter message, if you feel that strongly about it?"
I was asked what I would do differently and instead of putting my finger in my nose or just ignoring it (as so many do on here when asked to back up what they are saying) I answered it.
It's not about feeling strongly about it, it's giving an opinion on what I think a viable agressive strategy could be.
BTW, it wouldn't surprise me if it turns out something similar to what I've put.. (fingers crossed anyways)
Trelawny
I put things in quotation marks for no other reason that it makes clear what I am referring to.
Your opinion is that ARB employs fake people? How arrogant is that? You know as little about these people as I do, but having been hired into positions of responsibility by PW, I think I will afford them a decent level of respect, pending hard evidence to do otherwise,
I hesitated, momentarily, to describe you as a contentious troll, but my alternative opinion of “idiot” seemed harsh. I was wrong.
Chuz, why don’t you then send PW/Argo an email - and or Twitter message, if you feel that strongly about it?
@jeffhoggit
"So how does PW grow the business? What should he have done in your humble opinion?"
Obtain a loan facility for another 200 million (don't worry we won't be spending it)
Raise orders for 60,000 miners, equal to 2mw or 6.6th and 240mil spend
That would make future EH to over 7EH
That would jolt the market and we would see a share price in excess of £3
I would then issue 100 million new shares to raise around £300 million.
This would drop the share price by 20% to around 260p (from 300p)
But it would then soon recover because we would be out in front with 7eh paid for and no debt plus 40 - 60 million play money.
I would then also set up hosting plans (even without power connected just yet) to show the market the intention of running 2mw ourselves in Helios and the renting space.
The rented space should cover over heads and running costs.
I would then do the same all over again with a diffent site and use it as a model I. E. A quarter owned and a quarter rented out.
Not a single btc sold and no debt.
I'm sure there are limitations to the above but that's the type of strategy I would use.
@k3vmc. I am a long long time shareholder in this company so own a little piece of it. It is my opinion. With that comment I am not thinking too much of you. Especially when you think you are on some higher ground to take people's comments and put them in speech marks. So I will mark you 0/10 .
Trelawny
“ I think Argo needs to get a HR Expert in to crawl through CVs and get the fake people out.”
I think you are a contentious troll.
I think Argo needs to get a HR Expert in to crawl through CVs and get the fake people out.
So how does PW grow the business? What should he have done in your humble opinion?
CoolMax
“ The 'IPO' was badly timed if it was taken when BTC was hitting ATH we would have started off in a higher price regardless of anything.”
Obviously, the IPO would be better if it coincided with btc ATH. Unfortunately, Nasdaq doesn’t let you IPO unless you fill conditions precedent, which arb didn’t until recently.
In the real world, you can’t just wake up one day and IPO.
The IPO wasn’t poorly timed, it was poorly executed. Excessive discount and confusion between NASDAQ and OTC has demolished sentiment.
I really hope PW has learned his lesson; you can’t keep picking shareholders’ pockets at will (and at a major discount) to grow a business. I think he was ill advised by his rent-a-CFO and whoever else was advising re the IPO.
I hope he goes on the ‘Charm offensive’ that he mentioned on Twitter from next week. Some director buys would be welcomed too.
Hut up 350% from July low, Mara up 250% from July low, ARB 50% from July low. The 'IPO' was badly timed if it was taken when BTC was hitting ATH we would have started off in a higher price regardless of anything.
Agree with what your saying Chuz, the related is coming, how big we don't know.
"This should make a wall of money flood into argo as investors in other miners take thier 30 day profits and pile in. What we don't want is the other miners struggling as the money tends to evaporate from the system."
But what I cant understand is why are you 100% in here if you think & can see the other miners pumping. Missing out on their rises before we rerate ,if you think that will be after the quiet period ?
@cred
"from American miners on the Nasdaq last night: HUT up 17.65%, Marathon & Hive 11%, and ARBK 8.6% . BTC is still high @ c62.ish, so why the 4% drop in ARB in the UK? Is it just low volume manipulation?*
Yrs except its not manipulation its how the market works, the MM will alter the shareprice to match buys and sells, its not manipulation its just Making the Makret which is the job of the Market Maker.
@Chaebol
"260 million dollars traded in hut8 yesterday 15 million dollars in arbk. Enough said……"
Yea some just didn't seem to grasp the 'false' rise yesterday but its OK each to thier own.
Now, one very interesting thing I think might happen.. I want the other miners to keep with a high volume and getting day on day increases because when the quiet period ends I am expecting (hoping) that PW hits the market with some very agressive news.
This should make a wall of money flood into argo as investors in other miners take thier 30 day profits and pile in. What we don't want is the other miners struggling as the money tends to evaporate from the system.
It's why I'm targeting around a week after the quiet period ends for some pretty revolutionary news else I'll just add to the volume of the other miners.
260 million dollars traded in hut8 yesterday 15 million dollars in arbk. Enough said……
Amongst the miners there will be winners and losers. Just spread your bets. Argo starting to fall into the loser category.
from American miners on the Nasdaq last night: HUT up 17.65%, Marathon & Hive 11%, and ARBK 8.6% . BTC is still high @ c62.ish, so why the 4% drop in ARB in the UK? Is it just low volume manipulation?