Member Info for Billfunk1

Just stumbled across this as part of my diversification research. MCAP $330m. Order in for another 1000PH of miners which will make 2250PH by Feb2020. Mining more than Riot and Mara combined.

Largely unloved by the market. Trying to find out why. Could be another undervalued gem like Argo.

London is full of critics. Americans are in the arena.

Here's a recent post from some random guy on stocktwits about Marathon Patent Group's valuation. My point here isn't whether this guy is accurate but just to give a feeling for the American view on valuations. Note that Mara's MCAP is currently $300m and last time I checked they were mining 200PH at 28PH/MW versus Argo's 635PH at 21PH/MW:

Mikovio
Bullish
now
$MARA
P/E Ratio is share price divided by EPS. Right now trading at $6 and if $BTC.X just stays level at around $18K, according to the investor presentation, gross profit would be about $100M/year. 53 million outstanding shares. That's a P/E ratio of 3. That's insane. 15 is considered good. Obviously nothing is guaranteed but this is still crazy low valuation.

So Mara is a third of Argo's size, valued almost ten times as much, yet this guy thinks they are still crazy low. Just imagine what the Americans would do to our share price if we list there. I keep saying 5 bag, but when I read comments like this it makes me think more like ten bag.

We need to be listening to PW for verbal clues as to how close they are to dual listing. If he's a cool dude he will signal to us that a dual listing may be imminent. If I can get next years ISA in here before he does then great.

Then we all need to load up prior to the US listing. Then after we are all fully loaded go on Riot, Mara, BTC boards on stocktwits and let them know the incredible opportunity to buy this criminally undervalued gem.

Bang - 5 bag in a week. Price action then resembles Riot and Mara rather than London.

It's an uncommon opportunity to make a large amount of money very quickly.

They are seriously looking into a dual listing and have been working on it, but naturally can't go into details.

Christ, as soon as they pull the trigger on that one I will be loading up here big time. 5 bag in a week guaranteed.

GSpanner - I spent a whole month in Summer advertising Argo on stocktwits. The problem is they won't touch London stock with a bargepole as they don't exhibit sufficient liquidity and momentum. Aside from the fact they can't buy them on RobinHood. I spoke to hundreds of (who I took to be) Americans and there were literally only one or two who would even consider buying Argo as a London stock. We had one person on here from the States (I think they were either called Verona or Hellas). After literally one day they were complaining viciously about the lack of price action. "Why does this thing never move?" they asked again and again. They couldn't accept it. Then I found them on stocktwits. Naturally they sold up and presumably bought Riot instead.

Which is the main reason I keep banging the dual listing drum. Riot and Mara exhibit very string price action and valuations. I think if Argo dual listed in the US they would 5 bag in a week (possibly even a few days) as the yanks would stick a decent PE on this baby. I have powder dry for the day Peter announces this dual listing.

And it's no wonder Americans want nothing to do with London stock. The amount of people I have seen on here and other forums saying they have sold because this has two bagged or three bagged is notable. These people don't appreciate what they have here or what 2021 very likely holds for crypto. When we break definitively above $20k there is no overhead resistance anymore. The price could easily go haywire 5k up 5k down in a standard day. Argo could easily go to £1+ Riot to and Mara to $100+.

All we have to do is sit here and wait a year, maybe three.

I took some Mara today as I don't like the funding charges IG are levying on my bitcoin. I'm hoping to get the rest of this year's ISA into KR1. A UK based polkadot DeFi bet. I hope AJBell can fill me.

Some of you may be thinking "If it's supposed to be a secret why are you telling everyone online? Doesn't that defeat the purpose?"

Not at all. Have you ever tried to convince someone to buy bitcoin? 99% of people interviewed will not touch it with a barge pole. Most people have zero interest in national fiscal matters. If you outlined this plan to them it would mean next to nothing. You may as well explain it to your dog.

Most people still think the US ran a free and fair election mainly because that's what the media is telling them. I wonder why we don't Electronic Voting Systems in the country? The election bods have trialed them several times but decided against their use. I wonder why? Yet definitely no fraud in the US. Sure.

I reckon for £100bn they might be able to secure 20% of global bitcoin. Maybe buy some Eth and alts whilst they are at it. In a year or two when they are fully loaded they can announce to the world that they are buying crypto and linking it to Sterling.

It's like doing a reverse Gordon Brown. If you remember he announced to the world that he was about to sell the UK's gold at the bottom of the market. Then he did actually sell it at the bottom of the market. Fiscal vandalism. I'm suggesting Rishi uses the last of the Sterling toilet roll to sweep up as many cryptos as possible at the bottom of the market cycle then use this to back up Sterling in much the same way as gold used to do with the dollar before Nixon stopped it.

Dear Billfunk,

Thank you very much for your e-mail regarding your suggestion that the Government secretly buy cryptocurrencies which I read with interest.
I have, therefore, referred this matter to the relevant HM Treasury Ministers for consideration and response and I shall let you have the reply as soon as it is received.
My thanks, again, for writing.
Yours sincerely
Your local Tory MP

I just emailed my Tory MP and told him to tell Rishi Sunak to start buying up crypto on the sly. £100bn and when it 20 bags they have effectively paid off the national debt. Once he is fully loaded he can tell the world he is buying thus sending the bitcoin price skyrocketing.

It's good to hear the bear side. My main worry is that i have been too slow to the party and that most of the rise has already happened. Hearing people give me the bear case reassures me I am still one of the early adopters, if not a late innovator, and so big gains are still available to me.

IMO the writer has failed to grasp just how small the bitcoin MCAP is at $250-$350bn. With institutional investment this could easily go to the trillions. What if nation states start buying in? Rishi Sunak would be the greatest Chancellor in history if he borrowed £100bn of worthless sterling and bought bitcoin. In a few years he would have paid off our national debt. The worst case scenario would be no significant rise in crypto and him having the fallback option of using it as backing to Sterling. Really, Financial Ministers across the globe should be competing with each other to secure as many blue chip crypto assets as possible in preparation for Fiat collapse.

I'm hoping they didn't do it merely so they could pay a dividend!

Have Amazon paid a dividend yet? Based on the logic on this board they must pay a huge one to affect that kind of stock performance over the last twenty years.

Either that or they reinvest all their profits to achieve superior growth.

Amazon versus the average debt dinosaur FTSE stock? Take your pick.

It kills the share price. That kind of attitude is exactly why this stock is underperforming in London. On one hand people want a dual listing and on the other they want dividends. The whole reason to dual list in the US (or just move it all there) is to escape the rentier morons in London who think a 2 bag is a great success.

Prior to today's correction Riot had more than ten bagged this year. You can bet your bottom dollar that the Yanks aren't calling for a Riot dividend nor do they think their run has ended.

It would still kill growth. Argo is a tiny MCAP company the very last thing they should be doing is taking money out of it!

At least wait until it's actually worth something before you London nutters seek your rent.

FFS. Great way to kill growth. We want them to leverage fiat to get crypto not sell crypto to get fiat.

If you don't understand that you are in the wrong space. London really is a shthole market.

17650 by end of day and we will have consolidated more than we have lost. Stick that on the end of the massive bull run we have just had and we have ourselves a good day.

It's a good thing. The chart has been looking more and more implausible since the beginning of October. We have needed a proper correction for a while. Let's see how bitty bounces back.

You've got all the evidence you need right here. We desperately need to get away from these people.