On one level it is maybe true to say any share is what peeps are willing to sell/buy for BUT on another level, one needs to take into account the FUD, traders, and shorters who are manipulating the price while investors look on. I am a great believer in the POTENTIAL. Interesting few weeks/months/years ahead. Roll on our next op. update. It's a bargain basement for anybody with the funds. All IMO. GL argonauts/true believers, 600.
US Senate votes to temporarily extend debt ceiling to avoid default https://www.bbc.co.uk/news/world-us-canada-58835517
Exactly, well said Kev and I’d urge peeps to read Lottohooes post last night repeatedly. Spot on. ATB
Missed all the dross here today as I’ve been out and only got my phone so limited access. https://www.ft.com/content/1c999f26-5fc9-4008-84bb-1f706c6251a7 also see SEC has a new link re ARB. GLA
Another point to note is we only need to mine 164 next month to hit the 2,000 HODL!
@28jaczar01, it could also be they hold more 'equivalents'. I personally doubt they would buy more bitty having sold some last month but you make a good point. Well-managed funds! ATB
If anyone is disappointed with the operational update, watch the vid but more important, read Lottoopes post at 23:04. GLA
@fudgerella30, thanks, yes a great vid. I don't know how I missed the link AND the RNS at 7:00 - I did check the company website. Some here are on the ball!! ATB
No 7:00 RNS! I personally believe we are not encumbered by the quiet period as our operational updates are ‘normal’ news. Publicity over Texas is less important, we need some facts and figures.
@Lottohopes, brilliant post, echoes exactly why I’m here and am a believer. Also why I don’t hold any coins at all. Thank you. ATB
Just checked bitty to see she was over $54k. Just been proving my claim for a few £1,000 due to my bank's failure last week and holding my funds in cyberspace delaying my top-up last week. I might be topping up again if they cough up. GL argonauts/true believers, 600
@spaceman07 & @Poptimist,
"I'm as bemused as you are pop, I don't think it's too much expansion too soon but how we are going to fund new machines could be holding us back." As I posted this morning, I think the problem is the market sees us as 'small fry' with only 45MW. IMO, the market has not taken into account the expansion with Texas 1 & 2 - yet. Then there is the uncertainty over rigs let alone the delivery of the same. Once we have Texas 1 up and running (post April 2022 with testing), then we can hope to see additional rigs/capacity rise to 245MW by end of Q3 2022. Pop might not relish this delay but I can't see how we could get there any faster. Dilution to date has been necessary, IMO, but I am hopeful if Pluto plays out well, we will sell some of our Pluto holding to bring more and more rigs on board. Time will tell but I certainly see HUGE gains in the next 9 to 12 months with unthinkable prospects further down the road if bitty does anything like so many 'experts' say. ATB
@flowerpot999. your post at 08:15 -great find, thanks for sharing. ATB
@ Eddie563, ref. your post on 28 Sep 2021 @ 22:55 “Then there’s the absolute daily posters, love the sound of their own keyboard that post 600 times a day as a true believer,” then on 01 Oct 2021 @ 22:27 “Is what it is. I’m locked in, no amount of pop whining or 600 ramping will make this move.” And today’s @ 07:17 “Someone have waffle for breakfast? Everyday, the same essay regurgitated with a different angle. every ticker has one.”
On more than one occasion, you have referred to ‘fact’ as on 5 Sept @ “ Sigh! Speculative at best, zero fact again. Pump pump pump!
Deal with the facts people,”
So, as you’ve so eloquently put it “read the RNS’ ”
Two points I’d make to you based on other ‘facts’ are your tally of posts is 1,120 since 5th May 2021 whereas I have been member since 25th Jan 2012 and posted 2,427 times and never ‘600 times a day’. Secondly, would you like to compare the number of our ‘recommendations’. If you don’t like my posts, try the filter button. Perhaps though you have rather over-committed yourself here and are feeling uncomfortable to which I would say ‘PATIENCE’, read the RNS’s by all means but study the fundamentals. My final point, for now, is that IMO, it becomes necessary to counter the ‘dross’ on here and so I then tend to take to my keyboard - when I have the time.
@suppersaints66, good morning and thank you too. I think there are a fair few holding here that need a reminder especially those that keep reading the attacks on here.
No operational update yet, It surely can't be due to the 'quiet period' given the RNS on 30 September. Maybe no news is good news? ATB
@Lolades78, good morning to you and thank you for the compliment. We have a fair few regulars who also, like yourself, post some excellent thoughts and news. It is just a shame that too often these days it is buried amongst the 'dross' and then the attempts to counter the false claims we attract. ATB
I don’t expect ARB will fly, not yet anyway.
1. We are in a rat race and many of our competitors are ahead of us.
2. Currently we are running with 45MW but we are fully funded to build Texas 1 with a further 200MW and then Texas 2 adding another 600MW.
3. At least 20,000 rigs are on order; we could lease the remainder?
4. Leasing will, I assume increase our overheads so our current cost of production will increase from the fag packet calculation of $8,000 per Bitcoin, to let’s say $10,000.
5. Humour me and let’s just suppose bitty does go like PlanB predicted: Oct>63k, Nov>98k, Dec>135k. Well in my eyes, October is looking more hopeful in just 6 days. So, let’s not count our chickens ……………., let’s wait for the eggs to be laid (rigs installed).
6. We now know Texas 200MW should be ready for the Testing and Commissioning of Texas due in April 2022. Hopefully, then we will have 245MW churning out bitcoins every month by June 2022.
7. By letting ePic keep our deposit, we have preserved our Priority Supply and Collaboration Agreement Between Argo and ePIC announced on 22 Feb 2021. A very smart move given the shortages of chips/rigs and did I hear a rumour of using AMD’s?
8. An even smarter move was the purchase of Pluto at 3p in February 2021 and then at 6p in March. We hold 381.8 million of their golden nuggets. What will they be worth once they launch their IPO? Let us fantasise and say 60p (a 10-bagger) so say we sold 200m, we would raise another £120m with no further dilution and the Texas 2 build is paid for by our IPO.
So, I am not in the slightest bit concerned with our current SP. The market is concerned that we do not yet have the power to compete and there is the worry that we may not have the rigs up and running, but when we do ……………
As always, I’m happy to be corrected and for anybody to add the many omissions from the above - there are many due to the need for brevity! All IMO but please DYOR. GL argonauts/true believers, 600
@Tiger16, I take it you mean 233p. Well, that was YOUR decision and presumably knowing we were joining NASDAQ? Why don't you wait and see where we are headed in 6 months time?
@Alansugareatyour, with all due respect, if you read Hatty's post at 11:07, you might understand what I was saying. ATB
“look expensive compared to other miners” (she post at 11:07) On 23 September 2021 we had ARBK @ $15, RIOT @ $29.39 and MARA at $37.44!