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This is a good update and offtake deals could be just around the corner. I also think the JLP deal for supply to Kabwe’s zinc circuit is definitely still in the frame, they will do both, zinc ore from Star can be sold to JLP as well as to other 3rd parties, there’s plenty of it and with Kash*tu there is potentially an even bigger zinc reserve still to come.

Are we at the peak of this current run or just the beginning? I think the demand for BTC is just starting to grow with funds climbing aboard and now it’s so much easier for the general public to buy via Paypal etc. The supply of BTC will get less and less as hoarding continues, the price will have to keep going up, not in a straight line but with small pullbacks.

Riot +21%, Hive +35%, HUT +12%
ARB has got some serious catching up to do

Just catching up on today’s news and Zcash had a good jump, If I’m not wrong ARB generate around 25% of their revenue from Zcash, and convert to BTC equivalent.

Gaining good momentum now, likely a big buyer in the background

I didn’t even realise GLR’s licences are in such close proximity of the two world class discoveries being developed by Sandfire and Cupric Canyon. This will definitely add interest to GLR’s exploration activity as the Khoemacau mine (Cupric Canyon) is under construction and will start production in the middle of 2021, being the only operational copper mine in Botswana.

Supply not enough to keep up with demand.
https://www.ft.com/content/b18335fe-1926-48f5-9522-c99d27b07ade

Broker note from FinnCap this morning initiating coverage. A glowing report and a whopping 155p price target with risks taken into account. I’m in.
“We initiate with a risked-NAV based price target of 155p/sh. Investors would do well to get on-board with a management team that has a strong track record of delivering shareholder value”

Zinc prices are climbing due to supply issues:
https://www.mining.com/zinc-soars-as-vedanta-halts-gamsberg-mine-after-accident/

The end of Q1 is not too far off now, so this is welcome news. In the meantime the price of zinc is climbing well and if this continues will further enhance the economics

Interesting to see that bulk orders for mining equipment is sold out till May 2021, so a good job ARB arranged it’s new leasing deals recently and will start using from Feb 2021.

https://www.theblockcrypto.com/post/84781/bulk-preorders-bitcoin-miners-spring-2021

If ARB was traded on Nasdaq we would likely see a £100m market cap by now.
ARB’s main listed peers such as Riot Blockchain, Hut 8, Hive have market caps of $300m, $180m, $100m respectively. All 3 have quite similar processing power and growth projections and in fact ARB’s year to date mining progress is much better.

Big move stateside for Riot Blockchain, up around 48% currently with huge volume 77m shares traded

Just realised the significance of the recently announced deals with Core Scientific.
Reading the details again It’s more than I thought and there are 2 deals here::
1) ARB will be Leasing 4500 new Bitmain machines and thereby adding 430Ph/s to their growing hash rate from Feb 2021.
2) ARB will also be managing and providing mining services for another 4378 new machines for a 3rd party client (I wonder who?). ARB will get a monthly fee from this client.

bitcoin and ARB picking up some momentum and I don’t think the masses have even arrived yet.
Over on Nasdaq Riot Blockchain (RIOT) are currently up 24% and a market cap of $250m.
ARB is mining way more BTC than Riot this year..

So many posters here are getting worked-up. ARB does NOT have a direct correlation with the price of BTC! It is not a BTC fund it is a BTC miner!
In Jan, Feb, Mar of 2020, ARB was mining on average 330 BTC per month, now it is mining around 127 BTC per month, less than half of what we saw in Q1. This is due to the BTC halving event this year and also the big increase in mining difficulty.
So far this year 2020 (1st 10 months) ARB has mined 2253 BTC, which is actually very good and this would have a current market value of $57m Sounds great!!!! However, ARB sells most of the coins it mines and therefore does not benefit from the uplift in the price of BTC we are seeing in recent months.
As I mentioned last week I would much prefer ARB having a strategy of keeping most of the coins that it mines (especially in a rising Bitcoin bull run) as it would then benefit greatly from a rising BTC price.

Full year financial results for the year ended 30 June 2020 published tomorrow. The trading statement provided a couple of months ago has already outlined what to expect here, revenue £1m, a healthy balance sheet and a cash balance of £8.5m to 30 June etc etc.
What to watch out for is the trading since 30 June and there will be an update about this either in the full year report or the day after.
There is a live company presentation and questions at 10am on Wednesday hosted by David Budd with company updates and recent trading so an opportune time to find out about recent and upcoming progress on all fronts.

Over 18m volume today, that’s well above average

We’ve seen these levels before and can easily run much higher, if there’s no selling pressure.
A clear break to the upside depends if BMR continue selling all their holdings or if they keep them, they had approx 16m shares as of 26th October.

BlueNalu are on track to launch commercial products in the second half of 2021, FDA labelling is already underway, so we could see a lot more interest in this sector quite soon.