Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
It’s interesting that Argo decided to ensure they were carbon neutral for 2020? Why retroactively ensure your carbon neutral for 2020? What’s the value of doing this? This seems like a requirement for something to happen. Makes me wonder…Carbon neutral bitcoin? Investor wanting carbon neutral investment? Who knows but I’m sure we will find out soon.
Justification of low price? Look at bitcoin when it went down to 29k and the time it spent in the low 30’s. 95% of the share are held by Joe Blow investors including me. We are not going to sell until we need the money desperately. The institutional investors are picking off a few Joe Blow investors one by one. Close your eyes until April of next year and then reopen them again.
These bashers definitely either try and change the narrative or confuse good dialogue. You just have to focus on the folks willing to provide logical dialogue and links that bring value. Like you I think this stock will be really up there in 6 months.
There has been no mention of any dilution to list on the Nasdaq. There will probably be a 5:1 ratio on the stock price to ensure we meet the minimum price requirements.
Lastly December should be very telling on what Peter is going to do with the Texas facility. Will we host our own machines or host some Chinese machines or both. So a short answer to your question is that I would assume we will double if not triple by then depending on Bitcoins price. If Bitcoin goes to 100!watch the heck out.
You have to look at the writing that is unwritten! They want your shares. As Peter mentioned 95% of Argo is held by Joe Blow investor. 20 more days and I will purchase 100,000 more shares. Motley Fool and seeking aloha are the investor tools of idiots and paid promotional support for the unscrupulous.
I liked Peter’s response, but unfortunately he did not inform Argo shareholders about the litigation with Celsius. I think it is an event worth notifying shareholders about so we can make an informed decision on purchasing shares. I may have scaled back after hearing this kind of news. I would not be surprised if a class action lawsuit occurs. He did not address Timis owning that lot close by and other things the article brought up.
Look, I am 100% sure the writers of this article have dealings with folks that have shorted Argo in such a way we will never see them listed on a short report or institutions or hedges haven’t bought in, or what ever unscrupulous thing is going on. However it does not negate the fact that Peter touts transparency and some of these items in the article raises eyebrows as it differentiates the line from transparency to withholding info.
I concur, Saylor can expand his Bitcoin stockpile by merely investing in Argo and the bitcoins will continually increase as time goes by. My confusion here is how they would work this out. In my opinion Argo should be bought out with a all Microstrategy stock purchase along with some warrants. Remember Argo is currently held by 95% Joe blow investors. Though I institutional demand is increasing . If Micro strategy buys out Argo Saylor would have an alway increasing bitcoin pile without constantly buying it.
It’s quite possible Bitcoin will rise to a point that Saylor may not want to purchase anymore?
Can someone pull out their calculator and determine how many Bitcoin can 800 megawatts produce.
Just quick math: currently 35 megawatts = 265
800/35= 23. So 265x23 = 6095 Bitcoin per month.
That would be 15 times the closest competitor.
Anyway, I call on all math wizzes for this one.
Folks, based on my calculations using Mara as a baseline with today’s stock price of $30 per share and Bitcoin being $39000, and comparison with market cap + shares outstanding.
Currently ARBKF should be at $3 per share.
With the additional mining machines: $3.50 Per share
Nasdaq and Texas 200 watt facility: $8.50,
The big descriminators would be Bitcoins price, Hash rate and Institutional plus Hedgefund participation.
This was a great post! Folks like Saylor have to be chomping at the bit to get a piece of Argo. Imagine those kind of mining numbers if bitcoin breaches 100k. The potential for Argo is exponential. I personally will be buying 100,000 more shares of Argo early September.