Member Info for Bananaman2

https://twitter.com/DavidPalumbo/status/1328008572580618240?s=19

I'm hoping ARB will be keeping hold of mined coins, sell enough to pay the bills and thats it.

Really a 17% rise in BTC should see ARB way above 10p once 20k is reached. Thats a leveraged rise then.

Just read the full year end update. There is significant reference to updating the market in the short term regarding a multitude of items.

Genuinely excited for the future of AFC and green tech sector in general.

AirProducts and AFC were also linked with the Billingham EfW site. This is now a project which Eqtec are involved with in partnership with Cobra instalaciones.

Whats happened to the Stonepark drill results?

Any ideas?

Argo. Think you have it right. Here is an explanation

https://uk.practicallaw.thomsonreuters.com/1-107-7253?transitionType=Default&contextData=(sc.Default)&firstPage=true

What about ARB ?

If BTC rises 200% ARB should rise 2000%

This time last year the SP started at 9.5p and finished on the 18th at over 25p.

It would be great if history could repeat itself.

In fact, the London Market would probably understand if ARB mined turds.

They would obviously have to report it as 'this month ARB have mined a total of 300 turds or 125 BTC equivalent'

Can put into context for the city then.

If ZCash makes ARB good returns then its a great thing to mine.

Hell, if ARB could make money mining dog turds down the local recreation ground and it made good money I would care either.

Its all about the revenue and margins.

Billingham may only utilise a small amount from EQT which will be to take the project to financial close. I would expect a full banking feasibility study would be submitted and the project fully funded by bank finance. Why would a bank not lend on a project with an IRR of 12-14% ?

DP also specialises in this area, check out his profile. He is/was a managing partner of Origen Private Equity which looks to fund new investments with a social and environmental focus. That's why I think DP will transform EQT from a small manufacturer of advanced gasification equipment to an owner operator of EfW plants. This includes revenue from construction of the plant through purchasing their own gasification equipment, a return on their initial project stake to financial close plus all the operations and maintenance after care.

The strategy is brilliant. EQT will be the design and planning consultant, the EPC contractor, the gasification equipment manufacturer, the owner operator and the aftercare contractor. Revenue coming in from everywhere.

Project finance will all be set up by the SPV and this was what the £10m fund raise was for. To allow EQT to take an initial stake in the project and get it to financial close.

Interesting you say they are working in the substation

From the Billingham extension RNS

Subsequent to the extension announced in June 2020, the Company has progressed the proposed development of the Project, including inter alia: discussions with potential co-developers and funders; instructed and received a full quotation for the grid connection from the grid operator, Nothern Powergrid; and completed technical due diligence with insurance providers.

They maybe completing preliminary works for a connection.

Reading some detail on EQT gasification. Its advantage is low cost constructability. Because of its model nature it can be scaled up. I would like to think that even though we still wait for news on the PSV taking 100% ownership from Scott Bros there is still plenty of work going on in the background to kick-start construction once ready.

It is but Verditek will be plenty successful without graphene. Graphene success will be the biggest bonus imaginable.

Yeah, strange one. A significant material order.

Law of averages would lead us to an RNS for a largish contract sooner rather than later. I do fancy next week for something significant to drop but that is just a gut feel.

Argobulls income tax reason is even greater reason why the ISA is important. Let ARB mine and sell BTC at corporate tax rates and we hold the shares in an ISA.

Win win.

But I guess the market are just too thick to realise this potential at the moment

Plus you can put it in an ISA

With Billfunk. If BTC rise 300% of current value BTC would be $50k.

If ARB rise 300% it would be 24p and £70m MCap.

But if ARB continue to grow and by March increase hashrate by 60% to 1100 petahash they could be mining 20p coins per month assuming 60% rise on last month.

At $50k per BTC for argument sake, ARB would be bringing in $10m per month in revenue and if margin increased to 60% they would see $6m gross profit. Convert to £ and take of the administration and we could be looking at £4.25m per month net. Thats over £50m per annum net profit.

Using a PE of 15 gives us an MCap of £750m and an SP of £2.50 ish which is 30 x or 3000% rise to BTCs 300%

This is hypothetical of course but shows the leveraged rise that ARB should see as BTC rises.

Yes, haven't they ? It was a 3kw Alpha system back then. A real prototype and R&D was in the hands of Dr Gene Lewis.

Now we have a 400kW liquid system which may be released next year or possibly straight to the 2Mw solid system in 2022.

Personally I think they may just as well knock the 400kw L system and put the work into the solid system. Either ay, as you say Klunk they have come a very long way in that period

The market needs to ignore the fact that ARB is a crypto miner. Its not well understood and to be honest I haven't really got a clue about it either. What I can see with ARB is that they are generating a good revenue stream, good margins, massive growth year on year and no sign of a slow down. In any other sector this would be multiples of current value.

Yes, noted that this turned red on opening. Disconnext is widening. If the price stays at this level we might actually get a 100% dividend when profits equal MCap. May only be 18 months off.

New machines adding hashrate, more coins mined and a higher BTC price = more profit.

£2m net profit per month = annual net profit equal to current MCap.

Shows how far under valued ARB is