Member Info for dsfat

Bitcoin mined: 346
Revenue generated: £2.3 M
Margin: 50%

RNS to drop on Monday 4th

All a guess but anyone have a less back of the fag packet prediction ?

imo etc

As I see it the results are very much 'last year' and this year is a different animal with new machines going online with more to follow...
From March RNS; 'Revenues generated in the first quarter of 2020 amounted to £6 million (US$7.67 million) based on average currency rates for the period.'
Will we get an April update ?? and monthly updates going forward ??
I think we could see a very good update for April and with all eyes on BTC price things could get interesting...

all imo etc

https://www.londonstockexchange.com/exchange/news/market-news/market-news-detail/ARB/14520688.html

Jeff 'The Dollar Vigiliante' is keen on Monero and Bitcoin.
He's probably the most awake person I follow; https://youtu.be/hVBDUpgtY1k

I'd love to see Argo set up it's own Hodl fund for shareholders..I've sent them an email asking if this could be considered.
It would make holding this share very interesting if BTC does go ballistic as the fiat printing machines go into overdrive in the coming months and years..
This share could be a Hodl in it's own right
imo etc

TheeDuke no need for you to explain anything...
I've got a few quid in here and I've chosen Argo because in these crazy times there is a chance Bitcoin could go ballistic (i suppose there is also a chance it goes to zero) but with Trillions of $£ euros and every other currancy being printed, the whole world effectively in lockdown (marshal law) who knows what could happen..
Jeff is coming at this 'V' thing from the same angle as me; https://youtu.be/JgF2OiGTRII
Of course most people watch, read and listen to MSM and believe it's actually a 'V' and this will all get fixed but i'm not one of those people..
My advice, don't follow any MSM (Fear Porn) do some research and question wtf is actually going on...
Happy trails

circa 11 Bitcoin per day and March was a wobbly month for BTC
April price looking much stronger so far, new machines lined up..this could be very, very good if BTC price really takes off.
Not affected by 'V' is a massive bonus

Plandemic;
https://youtu.be/ujqyiQO8TFc

MB thankfully I was blessed with thick skin and it is apparent you were blessed with thick

Some very good news in the RNS regards Greenland licence costs for 2020..
How HH2z performs is what i'm waiting for and some positive news on Oil price in coming months..

imo, dyor and wtfdik

Might be that people are starting to consider things like this;
https://youtu.be/7BIZoRIUqs0

The question of ones 'wokeness' is a great topic...
I'm a Flat Earther if that helps you to in some way understand how awoke or awake I think am :-)

Regards Alba MCAP at £2M, I think they paid circa £2M for Clogau so either that was a massive valuation mistake or we should have reached 'bottom' given Gold looks strong in the face of unprecedented money paper printing to prop up economies...
imo, dyor & wtfdik

Good read;
https://www.blockwaresolutions.com/research-and-publications/2020-halving-analysis

Interesting from Bluejay RNS;
yesterday the Government of Greenland announced that it is considering the following actions in order to protect investment and jobs in the Greenlandic exploration and mining industry:

· Relieve exploration commitments associated with licences

· No charges or fees to companies for governmental handling and administration

· Relieve financial requirements for exploitation permits

I think GF said Amitsoq fees were £50k a year so IF Greenland Gov scrap all licence fees for 2020 that could be very good for Alba with presumably 4 licence fees..
Must be a big part of Alba fixed costs ???

15M traded on NEX so far today...
2M MCAP against UKOG 40M MCAP must offer some value here on what is starting to look like better Oil numbers out of HH..
JAY dropping back to 40M MCAP but still giving TBS zero value at these levels..
ow fixed costs (GF stated circa £35k per month some time back) and imo Amitsoq and perhaps Clogau will be put on hold this year given travel bans etc..
We might get Graphite test results but other than that it's all about HH, 25 year production licence and more wells planned in the future..
Anyone know what they are doing with any Gas at HH ?
DYOR

Interesting article;
'The drop in so-called mining difficulty signals some miners have bowed out of the ongoing race to solve math problems to win freshly minted bitcoin, as a decline in the cryptocurrency's price has made this activity less profitable. That said, the drop could work in favor for those who have chosen to stay in the game as less competition means individual miners would gain a bigger cut in Bitcoin's daily mining output.'
https://www.coindesk.com/bitcoin-mining-difficulty-posts-biggest-percentage-drop-ever

MB if your quick you could sell up and get a Happy Meal

I've been out planting veg :-)
What did I miss ?

Of course there is an obvious share price fall as is the case for circa 99% of companies across the world at this time..
But company finacials are what makes co's go bust so please enlighten me as to Alba's current finacial position..
You seem to have this all figured out so how about sharing cash at bank, monthly cash burn, lending in place and perhaps any income from sales of Oil in production going forward at HH (when and if POO improves)
It would be helpful if you had these basics figured out and were able to share them with 'me'
Thank you

MickyBee would you care to share the numbers with me that helped you come to such a statement ?
Presumably you have considered monthly cash burn and lending facilities already in place etc ?
Thank you in advance for providing this info...

2800 machines in this old video and now running +17000 machines !!!
https://youtu.be/LDWWaZ75Zbk
Almost zero workforce risk to virus has to be a huge positive