Member Info for Blubay

"slow accumulation"

indeed, bulk buying while trying not to rock the bargain share price to hard ;-)

and with another $25m to come before too long

...or sarcasm

I think you're missing the irony

we are still ahead of RIOT in % gains to date since early January

although we are not yet "post entry" to NASDAQ and the truth probably lies somewhere in the middle ground between these opposing explantions

@Tall - "what is happening?"

what is happening is that you are making a false assumption that commodity price is the only factor that affects share price

@Lolades - totally agree, if they can pull it off then the real value in the company is next year

somewhere between 170 and 190p?

I think that depends on your timescale. In this bull market at this moment there is some advantage in having rapid growth promises, like some other miners have. When it comes to the next years and the bear cycle the measures of success will be different, everything will depend on profitability, margins, efficiency and diversification. Quarters and years. If you want money for Christmas just buy Bitcoin.

ARB is really not heavily diluted for this type of company at this early stage of growth, and there will be more at some point for sure.

I think quiet period ends around 18 October but I’d be surprised if routine monthly update was affected by it.

Any RNS to the market needs high level sign off.

I wouldn’t read anything into it, anytime during first working week of the month. They’ve also been busy on the site visit to Texas.

Try buying a round number of shares, that sometimes works.

The monthly update is not ‘delayed’. It comes any time during the first working week of the following month. Like other miners, the headline figure will be down on August due to difficulty, maybe 15% or so down. We know that the added capacity will be coming online probably October. We’re mid table as everyone knows, with large growth potential, high profitability and low debt. All the existing miners have similar uncertainties. We’re actually well positioned on business fundamentals and % growth potential.

122.5p = +2%, has been tracking BTC rise quite closely this morning https://imgur.com/a/PTHbeou

Nice one, always a way to get around a 'quiet period' if you know a friendly journalist!

@Reptilian - if you were running the company you’d have to be mad to sell your BTC hodl below $50k during the run up to $100k.

Sure, just being cautious. That’s a huge amount of earthwork and foundation though, which is often a sticky point. Christmas shell completion and bonus is a good incentive for the crew though.