Member Info for Blubay

The May update announced that the first machines were ‘already’ online with more in September and October (there was no mention of July). The July figures are up over 34%, which is great news.

May ops RNS “ These mining rigs are expected to be delivered and installed in stages, with some machines already operational, and the rest expected to be installed, later than the original order, in September and October 2021.”

Results exceed expectation, all good and it’s entirely possible that some new capacity came online at some point later in July. Best to wait for next month’s data before making a negative out of a positive.

225 @83% and 1,496 hodl is very positive, excellent news

Yes, probably change in the sampling algorithm. It didn’t update on every trade before but they’ve probably lengthened the sample time or the size of trade threshold. It’s always a compromise as none of the public interfaces can give actual live London market prices without buying into higher level access.

Yes, hosted at someone else’s facility, unlike ARB who are building and running their own facility (and potentially leading to other miners like MARA).

Doesn’t absence of of mud pipe to geotruck suggest they were wire lining?

As we keep saying over again, the ticker on this page does not show ‘buys and sells’, it shows trade prices above (blue) and below (red) the mid price.

The shorters are back posting again, same FUD new screen names, which is usually a sign.

Why post this nonsense? Of course ‘£10’ would be surprising. It’s just misleading new investors to throw around figures like that. Sure, if you’re going to hold long term (years) then that’s a possibility but let’s get back to £2 first.

Yes, if you compare the timing of the uptick in days to halving it’s very consistent with past trend points, almost to the day. I’m still very optimistic about S2F (I’m slightly less persuaded by S2FX but happy to be proved wrong). ATH end of Q3?

I think the very large number of shares in issue always makes the market nervous about future dilutions. On the other hand, this is basically a different company in terms of leadership and opportunities. I suspect the potential helium play here might also raise some interest if HE1 meets its SP expectations.

yes, I think some people had above 28p pencilled in for interim profit taking (that was also the original H&P derisked NAV for Tai before the upward revision)

https://www.youtube.com/watch?v=CG4gh-q2QKs&t=176s

Hi, I think there's some resistance around 28.5p and that might be the barrier to go through first (see the Youtube clip posted earlier)

sure, there are exceptions to every rule of thumb, but it's very unusual and I would be very surprised if HE1 released '#discovery' news after 4pm on the last Friday in July.

There's no guarantee obviously but I'd be very surprised, I can't remember the last time I saw a company publish an RNS like that at end of Friday (unless they were trying to let bad news settle before Monday). Much more likely to see positive news releases published at start of trading than the end of trading, and early in the week. The exceptions would be if there is just no way to a silence market sensitive leak but DM has run a really tight ship with news management. If it goes up around 31p just before Tai news that would be roughly where I was expecting (roughly where the H&P unrisked NAV is). But who knows? :-)

it can but it won't

9 green candles, just scraped over the line yesterday, day 10 coming up…

err… you do realise Argo Group Ltd is not Argo Blockchain PLC ?

It’s a different company in a different sector (they’re an investment company targeting emerging markets)

Could go up or down then, depending on the news, or lack of it?