Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
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Lab-coated trendy-geek; "Mr Wall, sir, February figures have been compiled and triple-checked as stipulated, sir"
- Proudly hands over ticker-tape style printout as if it were a one-off piece of artwork made of dried faery wings -
- Mr Wall, sat in a plush gamers chair, at a desk which seems unperturbed by the weight of monitors and flashing gadgets, accepts the printout with his right hand without pausing his left-handed rhythmical stroking of the cat (which looks remarkably like a miniature Panther on steroids), which is on it's own cushion at the opposite side of the desk to the mouse, poised ready to pounce on the lab-coated intruder, or anyone else who might dare to interrupt the stroking by it's cloth-monkied slave. Mr Wall grins a knowing, satisfied smile. -
Mr Wall; "This is good, Bart. We're right on track. Better even. And the salaries?"
Lab-coated trendy-geek (Bart); "Accounting for a three-month average of all the Altcoins & Asset Tokens alone, the salaries are covered up to paydate December 2021, Mr Wall. 12 month average would be mid-August '21, but our projections for growth in value of these assets alone looks to be more like June '22...."
Mr Wall; "Excellent.. Excellent.."
- The Panther-cat continues to stare unblinkingly at Bart. It is not clear whether Bart is currently perceived as friend or food -
____________________________________________________________________
Does Peter have a cat?
He needs one.
CC
Hmm I topped up my ARB holding but decided to put some into MODE... damn, almost put all of it into ARB !!
Solid numbers. Remember the newest machines were operational by mid Feb so we didn’t get a full month’s bump up. Going into quarter 2, we will get further machines as others have mentioned. Market tends to factor in the negative stuff as soon as it is announced. So the dilution to raise cash for Texas, the effect of options/warrants dilution is factored in. We have had derampers jumping on it, ****ging off the CEO etc. This RNS shuts them up firmly. Casting aspersions is easy, walking the walk is what this Co is doing.
As I said previously, for a co that HODLs, day to day bitcoin price is irrelevant. It makes a market because some like to trade it and market makers exploit psychology of fear and greed. But the real money is in holding patiently for next few years, not trading, imho only. New buyers may well get spiked today too, they too will see growth over next weeks and months. Good luck all
We mined on average close to 5 BTC a day in February. With the new machines fully online we should now be around 6-7 BTC a day. So it’s even better than you think :)
And we are getting very close to mining 5 a day . Just think mine 5 a day only have to sell one and keep 4. At $50k each that’s $200k a day being Hodled! -if BTC increases to $100k the mining difficulty increases but Peter Wall has put us front of the pack to deal with that .
Does anybody really think we won’t catch up RIOT market cap this year?
These are mightily impressive figures, should see us sail past £3. Well done all that held, seriously thinking of adding more.
Regarding why the HODL has not gone up by 129 btc
Remember they do have expenses. Also the fantastic mining margin is 81% - that means for every 5 bitcoins they mine they have to sell one potentially to pay the costs so the other 4 are 'free'.
Also investments elsewhere, new machines, salaries etc.
Still one hell of a profit margin and set of monthly numbers - and on a 28 day month with less hash power than we have now - cannot wait for March's now !!
Sorry fat fingers 81%
Wow! What an update!
129 mined and 82%. That’s incredible news
I said we should be conservative with our expectations but this is way beyond!
Well done to the team!
Bitcoin up over night too and attacking 50k again. Good day ahead me thinks
They need to get memes and gifs on LSE.
It's hard to explain how much I like this in text.
Wow massive well done argo Peter wall what a ceo this company is going places should see a good rise today on the back of this well done share holders
The value of the btc $ at 1.4 has room for decent gains once the $ starts weakening as well.
All in all we’re in a very good place.
An excellent update.
I’d rather they cashed some in then issue more options. Probably just operating costs.
My understanding is they spent all their excess cash on BTC to hodl in Jan, which was obviously a great move. Better to get everything into BTC and sell what you need to cover costs as and when, than to just hold cash - on average with Bitcoin rising you'll do better that way.
Don’t forget they agreed to pay Epic £8m for their machines, those BTC sales most likely went on capital investment, to increase future growth.
If 129 btc were mined why didnt the hodl also increase by same amount?. Only went up by 98 btc. Thought they were fully funded and so didnt need to sell any btc. Am i missing something?
Well above expectations, well done all at Argo
Simply incredible, never expected that for Feb, should gone all in yesterday haha
What an incredible RNS! Well done to all holders! Smashed it out of the park! And bitcoin is moving up at the same time. Wow.
I hope you're reading this Pearls.
……and that’s before a full month with the new machines!!!!!
Amazing RNS!
I love that we were tempering expectations yesterday thinking the same as January would be a result in the shorter month, and then PW pulls 129 out of the hat! Hahaha!
And the confidence of being paid in BTC! I guess when you’ve just banked what he did from his options you have some breathing room to be able to do that and ride out any volatility, but still, what a move.
I would been happy with 110 but 129?! Margin has also improved to 81%! WOW
Excellent...... they might need a bigger wallet for march results :)
Holy crap! That's amazing!!
129 coins mined Boooooooom :)!