The next focusIR Investor Webinar takes places on 14th May with guest speakers from Blue Whale Growth Fund, Taseko Mines, Kavango Resources and CQS Natural Resources fund. Please register here.
Thanks CP…. I had thought they were in my SIPP but after double checking, unfortunately not so I’ll off-load and move on. Good luck 🫡
100% agree; absolutely not a recommendation! Suits me and my investment strategy though.
Once again thanks for your thoughts 🙏🏻
Thanks guys… Personally gone on quite hard as I believe the fundamentals lean towards great growth BTC dependant obvs. 👍🏻
Like most I imagine I’ve been invested in this company for many years and watched that investment dwindle to very little. Now with imminent de-listing and the company reverting back to private ownership I’m left wondering whether to cash out the measly sum left or just hang-in in the hope things improve. What’s the general consensus. Thanks
Anyone giving CORZ a shot?
Hopefully rips through 5p as we've waited a decade for this.....
Brombarb, for a guy whose been around this share for a little while what's your considered expectation over the next few weeks? Thanks
And then for the real news:
Argo Blockchain plc (LSE: ARB; Nasdaq: ARBK), a global leader in cryptocurrency mining, is pleased to announce that it has entered into an agreement for the sale of its data center located in Mirabel, Quebec (the "Mirabel Facility") for total consideration of $6.1 million (the "Transaction"). All references to $ are to USD, being derived from the Canadian dollar amounts at an exchange rate of 0.74.
The Mirabel Facility has five megawatts of electrical capacity, implying a $1.2 million per megawatt sales price for the Transaction. The net proceeds from the Transaction are expected to first repay the Mirabel Facility's outstanding mortgage in full, with the remainder expected to be used to repay debt owed to Galaxy Digital Holdings, Ltd. ("Galaxy") (TSX: GLXY).
The Transaction is expected to strengthen Argo's balance sheet, reducing outstanding debt by $5.4 million. The Galaxy debt balance as of 29 February 2024, with pro forma adjustments for the Transaction and subsequent debt repayment, is $14.0 million, a 60% reduction from the original Galaxy debt balance of $35.0 million.
Hate to say it as clearly it's hopium.. this share held back in Nov 2020 whilst all around it flew then suddenly towards the end of the month it woke-up and continued north at a rapid rate until the downtrend 2 months later. I'd luckily been loading since late October and at the time struggled to understand WTF was going on. !00% won't be loading up this time but perhaps we are one again just trailing our US peers..?
GLALTH
KR1 or GLXY.. I’m holding a fair chunk of both since 2020 and feel Galaxy will perform better over the coming cycle, I’d be interested in your opinion..
Try Interactive Investor VincentT
AURR, CEO David Keene on radio 5’s Wake Up To Money this morning
Just wondering if anyone has spotted any news updates or is anything due?
I've had a good luck round the web and nought I can see!
Still a sheeeet show regardless of listing!
Better and safer out there, recoup your losses as best you can and move on!
Back in again at 0.25 on close .. with thanks to the market-makers
GLA
Just tried a couple of sell orders which failed :-c
I’m wondering if they could default on the Galaxy debt and end up being absorbed by Galaxy. Not sure that would be good for PI’s
GLALTH
Give me 12.5p, time has arrived after 2½ years to double up and average down! It’ll give me options but I’ll probably stick it out till the halving.
GLALTH
6th June @ 3pm