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@Lambinator
That is DIRECT COST, when you consider the INDIRECT Costs, i.e. what it is contributing to, assuming E/H remains as is, then that is more than Double (quick fag packet calculations).
With growth and further efficiencies, obviously this will go down, however, costs will go up so wont be perfectly linear - as a guess $18k or below, after an increase in E/H, will cause issues
Flowerpot - no didnt see it
I have actually been worried about the antics of the CFO of Argo for a while, not so long ago remember he was letting out sensitive company info while having a drink, should have gone at that point IMO, but anyway
There have been so many corrections, corrected statements and misleading information, including the break-even points
It is to a point do you actually believe or have confidence in anything you are told
Also goes back to my concerns I said last summer, PW is still CEO and Acting Chair, been acting a good while now
So where is the governance control, there is no, hence these mistakes will continue to happen and trust is eroded - and people wonder why SP struggles even before BTC drop
But any, still would like to know about cash flows, so have an idea, as there is one thing, Argo does have a loyal following, if they havent all sold and disappeared at the <30p SP
Actually I would take it as some one who perhaps has really thought about the company, the share price, macro environment, etc and perhaps is worth engaging with - even as much as it may hurt, especially if down
There are a couple of people on this forum who did shout out the warning signs but were shouted down
Personally I can see <30p, potentially IPO price, but this is all dependent on a number of items and cash flow being the main driver since they will impact expansion plans, ability to survive a bear market, dilution, etc - all the key fundamentals
And BTW I to made mistakes with this share, bought in at 30's, rode all way to £3, sold some, but made the error in buying in at the £2 raise plus overtraded a few times (some big wins some big losses to)- but something I learnt was cut losses once I realised there was only one trajectory and once PW tried to improve his own remuneration & induce retail into buying by his own very nominal purchase - if he bought at £1.30, where are the director buys now at 50p if confident in the company?
JimboJet65 - it is a forum to discuss the company?
Or is it a place for Bulls only, where we discuss £10 price targets
The reality is, and something I learnt to late, is need to have appropriate risk strategies and that is understanding 'cash burn'. Argo has merged Cash and Digital Assets into one line on its report, which to me is a red flag, since those digital assets are very volatile and, in reality irrelevant if the plan is to HODL - the creditors will want $ not Crypto (which have decreased also).
So if that cash equiv is down 40% for example since 31 Dec that is a significant concern, could be more if $#m was in LUNA also
But, sorry, if you think a Forum on LSE is not designed to discuss company fundamental's
Argo Bull, i havent said I wouldnt invest, I am purely looking at risk, this is why querying the cash outlook for the company and wanting to understand what is the best possible entry point, to do this is may be worthwhile holding bk until Q3 or even Q4, but to do that need to have an understanding of cash perspective and when the next probable dilution will be due
@WolfofWarks
I agree to the contribution comment there, however, I do believe PW also knew what figure he was giving - remember he is a journalist and PR is at his heart, so being aware he needs to dilute he is hardly going to emphasis the point that the breakeven point is actually much more - but that was the purpose of the question
Personally, I think Argo has suffered from this approach, at first the 'transparency' was a relief compared to other miners, but once the game became more to dilute dilute dilute, that openness disappeared and I think that is why argo has suffered post nasdaq, the US investors seem a bit more astute and can see the slight of words so Argo may not have as much trust as a result - as demonstrated by the SP
Quite good to see conversations on here that are not just BOOM, BANG, TO £50!!!!
55p if still in business
Not In Argo, as many will know I called <50p a good while ago, pre Christmas I believe. Also called potential IPO price being hit, if btc collapse (80% from ATH)
In any case, starting to contemplate potential re-entry for when real capitulation occurs, however, has anyone done any forward cash flow planning?
Cash or cash equivs on 31 Dec was $125m, although that will be significantly less based on BTC drop since then & cash use
Net Income - assume $25m p/a, based on less income but more favourable hash
Does any one have info on new debt facility and costs associated with that?
Get a rough and ready idea on whether ARB has sufficient cash then to get through to next bull run - I am also going to assume they will sell their HODL BTC now, and not wait until hits <$20k
Cannot be bothered to look back through my posts, but did warn this was going down (for a number of reasons)
There is no appetite for a miner of a high risk innovative highly volatile asset
Agree it is one of the stronger miners, but if BTC does crash so can the miners and, at best, the SP is likely to drop to potentially as low as the IPO price
So Sunak has zero interest's in Russia, you are aware his family has business interests in Russia?
Unsure if already been mentioned here, but he is now the trump card in relation to company sanctions.
Clearly been picked up his wife has investments in Russia and by default so does he - note ministerial code where his excuse does not wash, i.e. ask his wife
So, one of two things will happen, he himself gets hit through sanctions on his wife, company, family interests.... or all of a sudden sanctions begin to get lifted in order to support peace negotiations!
It is all about politics, AR interests in reality has little impact here now - although the politicians could use "AR is now helping broker a deal so we are giving a little", so as to save face.
Sunak interests, and I wouldnt be surprised if Mogg and others have not been buying up cheap Russian shares
Unsure if already been mentioned here, but he is now the trump card in relation to company sanctions.
Clearly been picked up his wife has investments in Russia and by default so does he - note ministerial code where his excuse does not wash, i.e. ask his wife
So, one of two things will happen, he himself gets hit through sanctions on his wife, company, family interests.... or all of a sudden sanctions begin to get lifted in order to support peace negotiations!
Having invested in EVR to this will be a game changer for my portfolio if my thoughts are correct
So what is the m/cap of SHIB, APE, Doge, etc..... just to point out insanity of block chain, once the word gets about!
Expect a run up on the price before that though, especially at these levels
Out of interest, when this share price hit 40p what was the overall catalyst for that?
Was there a dilution after
More a long term holder question
At least the articles have moved from 'Owned By' to 'Controlled By', where the second could be perceived as being more subjective, the first totally inaccurate and potentially leaving them open to legal challenge
Still controlled by is technically incorrect since he doesnt have a majority stake.
Only risk I see is if Russia plays with NATO, in order to get a semi response
Which Russia will use as leverage to get Chinese help
Or its just China / Russia games to get US/EU/UK to put pressure on Ukraine to agree
RA is both Evraz No 1 Problem and No 1 Asset
If Ukraine/Russia have peace and Russia say that 'they' will rebuild the country, who do you think will assist?
This may actually be the reason why UK/US want Evraz suspended/sanctioned, as they want the contract for their companies
Agree on SWIFT, it has now shown to China (an other emerging countries - Brazil, India, ****stan, etc), that it is USA, EU and UK who control SWIFT - far from an independent system
As a result a new system will be sought and a secondary global currency - would have been the Euro, but US has shown that they wont allow that.
These are the guys who will end the conflict, not NATO
USA ask China to not provide help
China tells USA it is none of their business
But if USA doesn't want China to give Russia Kit, then USA (and Allies) Must Lift Sanctions - as China already stated it impacting their interests
Russia mean Time Bombard Ukraine, Heavily, to get to Final Agreement
Russia Offers Support to Ukraine to 'REBUILD' if commit to not Joining NATO & Aligns More with Russia
Ukraine Agree
West Removes Sanctions otherwise will end up PUSHING Ukraine to Russia and Because China Said So to Deny Russia more Kit
.......
In 2 Years Time, USA Pee's China Off and they Invade Taiwan since USA did not Learn Ukraine Lesson