The latest Investing Matters Podcast with Jean Roche, Co-Manager of Schroder UK Mid Cap Investment Trust has just been released. Listen here.
Interesting;
https://cointelegraph.com/news/78k-bitcoin-on-track-says-price-model-as-difficulty-surges-68
Maybe BTC drop over the weekend was partly due to this sell off ?
https://www.coindesk.com/bitcoins-sharp-price-drop-may-have-been-prompted-by-100m-scam-selloff
'the intervention to shut off significant formation water ingress into its Horse Hill-2z ("HH-2z") horizontal production well has been successful'
Phew !
Just need USA to carry out a false flag operation taking out all of Aramco's fascilities and reserves
Julia Chatterley :-O
https://youtu.be/EtfpKY94whw
Watching this and it's fascinating, exciting and terrifying !
https://cryptonews.com/videos/raoul-pal-on-economic-depression-bitcoin-and-coronavirus-480.htm
Bitcoin..
'Cutting-edge developments in the crypto ecosystem have long-reaching implications for the financial future'
Really interesting discussion on Blockchain, Crypto and Bitcoin;
https://cryptonews.com/videos/is-crypto-finally-growing-up-470.htm
Interesting post on UKOG board by toughiv;
The "routine" fix of the toe end interpreted fracture seems complete. We were flowing approx 600 bopd with 400 bopd of water and kill fluid, at Xmas.
After (likely cementing) the last however many feet, I'd be happy with 2 tankers a day with minimal water cut. Min region of say 400bopd with 50/100 barrels of water.
I'm optimistic to have that target beaten.
The nitrogen is used to lift. We know it flows. I find it highly unlikely that a toe end cement job stops and entire horizontal from flowing. So suspect this is part of normal operations.
Next week we'll get an RNS saying along the lines of "fix successful. Flow has been reestablished with X inital rates and minimal water. Now we will begin EWT".
This is all in my opinion.
If that happens will the market go nuts? We have a proven 10m barrels recoverable oil pool out of 40 mboo, which I've heard said is about npv10 of 250m value. We have planning for 4 more of these horizontals and 1 injector. So that would mean, including HH1 2000+ bopd.
The fag packet maths is for every 100bopd = 15 million mcap. 20 x 15 = 300m mcap. Couple that with the NPV value... Seems about right?
I hope his calcs, predictions and expectations are somewhat correct..
Roll on next week
'People will come flocking when a divi is announced'
As per website there are some significant shareholders that presumably will be looking for divi news;
https://argoblockchain.com/investor-relations/significant-shareholders/
From RNS Number : 2417A;
'Argo will report its audited results for 2019 in April'
TBH i'm just guessing but would it make sense for Argo to wait until these results are published before announcing a divi ?
They don't have any funding of new equipment so what do they do with an expanding bank balance and presumably banked Bitcoins that they choose to hold rather than sell ?
Decent divi should attract some big money and being on main market must provide any big investors with peace of mind.
Bitcoin price this year would suggest Argo are doing all the right things at the exact right time;
https://www.newsbtc.com/bitcoin-price/
Thanks Adrian for update (shame you couldn't #Alba tho)
https://twitter.com/Adrianwfire/status/1235927480269254661
So in this recent video they had 2500 machines buzzing away making money and now they have close to 17,000 machines !!!
Can only imagine how that looks and sounds :-O
https://youtu.be/LDWWaZ75Zbk
Thank you for your email. The technical team will get in contact with the data supplier to request the RNS be sent over.
Kind regards
London South East
www.LSE.co.uk
LSE not having links to company websites and missing RNS's is shabby at best ..
RNS now added;
https://www.lse.co.uk/rns/ARB/
This LSE list;
https://www.lse.co.uk/rns/ARB/
Am I losing the plot or is the 4th March RNS missing from LSE RNS list ?
https://polaris.brighterir.com/public/argo_blockchain/news/rns/story/xpgd6mx
BTC averaging £7000 per month and at 350 coins mined per month revenue of £2.45 M per month (please correct me if i'm wrong)
New machines should increase coins mined and in turn revenue..
IF BTC makes gains over the next weeks and months as expected ARB are positioned to benifit.
Any thoughts ?
It was the post by splatted at 2.42 am that got me looking into Argo and just bought some.
My first investment in BTC and I like the numbers ARB have delivered so far.
BTC up which bodes well
Thanks splatted ;-)
I'd like to be able to say to the new BOE bloke 'Argo F..k yourself'