Member Info for Billfunk1

I'm glad this is something they are looking at.

I agree with you about BITF, HIVE and HUT8 - all completely uninvestable.

Dividends are a crazy idea, IMHO. Maybe, if BTC is well above $100k and the BOD can't find any good blockchain investments. Maybe then.

I've not seen costs that high. On the few sites I skimmed it appeared more like $50k a year for a micro company. Would you happen to have a link for the $1m listing fee?

A week or so ago i suggested that one of the BOD take a look at listing fees with a view to presenting us with various options. I'm unsure where they are at with this. $1m would be too much at this stage and I agree that i would rather spend that amount on machines. I would appreciate it if you could ask the BOD to formally present this information to us as it is one of the two obstacles in our path IMHO.

I think the Yanks would also really like this company. Far more than many Brits appear to.

Wmsjames - for your pension presumably? Otherwise you would just buy the underlying asset and get 10 bags.

In which case we had better hope BTCE doesn't come to these shores or we will get wiped out here!

Yes Brtrader, that's why I'm still here. But based on the present price action what I fear is that I come back in a few years when BTC has 10 bagged, Riot has 15 bagged, yet Argo has only 7 bagged.

They need to address this now so that in a few years I am getting the correct return. I don't think that will happen in a market where most investors think bitcoin are tulips and any mined should be immediately turned back into fiat via dividends. Could you imagine the outrage if Riot said they were converting BTC back into fiat so as to pay dividends and undermine growth? Yet it's something I have seen suggested a few times on this very board and a sad reflection of the London market and representative of why we are going nowhere here.

It's clearly in the wrong market with the wrong type of investors. The BOD need to get us out of here sharpish.

Spitfire only seems to make deramping comments. The beauty is that there is never any substance to any of these sh.tposts so any outside observer would take one look at them and immediately surmise they were written by a puerile fool who had no genuine interest in Argo.

So I think it's safe to say, Spitfire44 poses no problem for the Argo SP. I do worry about him on a personal level as he comes across as someone in a bit of a crisis.

SP is still up 20% since PW bought in. I was expecting it to be sold into by the Edwards and Bixby but that doesn't seem to have happened yet. The key is PW now knows the BOD can move this market with relatively small buys. Bixby and Edwards (or whomever the big persistent seller is) have to spend a lot more than that to get this going down. With strengthening fundamentals there should only be one winner here.

Half of you sit there telling the rest of us to be patient when we said time and time that we needed insider buys. Then the CEO buys a small stake and the price goes up 20% in a few days. Now, all of a sudden, you have seemingly forgotten your previous stance and are gobsh.ting about tiny moves in BTC.

Talking of which, did any of you spot the move in RIOT today when BTC went up barely 100? But the same people who told us we didn't need BOD buy ins tell us we don't need a dual listing either. Go figure.

It's breaking out because it hit 10k and then went down to 9k and now it's going back to 10k. 9300 is just today's special number for this journo to fill some column inches. The same ceiling exists as was apparent last month.

9k and 10k. I'm sure we did all this last week. Options.

£20k down and the market goes up 20%. I said it would be cheap and easy and it has been. Hopefully, this has been noted by the BOD and a structured buy in strategy has been drawn up featuring (semi) regular RNSs of small BOD buys. Credit to Peter for listening and putting skin in the game.

He needs buying out with some of their crypto.

No it's not the only metric. How about the Stocko momentum score of 1/100?

What's the best way to address that given how cheap the stock is currently?

Arkonite - I'm just shocked the BOD aren't bullish.

I hope they report both BTC and ZEC and include the numbers for June as well as the total holdings along with a conversion to Sterling. For example:

"A £10m company with £2m in held crypto assets mining £1m every month."

This might help the hard of thinking to invest here.

The only problem with Coinbase is it's a bit like holding your gold in a London or Zurich vault. You are not 100% in control of it and you cannot be 100% sure the gold they say you have actually exists. That's why i am always happy to pay over the odds for physical gold rather than stored gold. The beauty of BTC is that the premium of holding is so much less than with gold. £50 one off payment and you can hold all the "physical" bitcoin you can afford.

Just look at what happened to MtGox and be very careful with whom you store your precious bitty.

Triggerboy - I'm not techy but setting up a Trezor wallet was very easy for me. £50 IIRC and it's pretty much the digital equivalent to storing shiny coins in the safe. Well worth the money and easy to use. It is liable for CGT. But I won't be touching these until BTC is several (many) hundreds of thousands. At this time I will be transacting in BTC directly or else just taking my toilet paper income and retiring.

WmsJames - I'm hopeful we might see 15k by Christmas but this may optimistic given the wall of 10k and 11k calls month after month. Eventually these guys will be exhausted and BTC can move up, but I think we are looking at 2021. When this does move I am expecting a lot more than just 20k. 100k to 288k this halving cycle looks more likely.

Which explains why I don't want to see the board liquidating 10k BTC to pay fiat dividends in 2020. It would be insane.

Torham - bull run to 20k. Is that it?