Member Info for EyeGuy

looks like its going up now. shares tight.

Yep and GE has a market cap of circa $90 billion.
Not bad partners eh lol

yep. suspect the fact we haven't had any rns to the contrary suggests its v close imo. possibly intra day

yep. no doubt about that imo for me.

where's Feeks and Spot? they posted here for years "protecting newbies from bulletin board rampers"
yet the SP has doubled recently

Trek- my take exactly. sells controlled

Neill. I was just kidding.

Yep. 5p next week. Please. So I can buy more

Exactly.

Rosewall- I’m no expert on crypto’s but they can obviously be sold for cash.
Vela hold 1% of ARB.
The way I look at it is this. If a miner was clearing revenues of £2.5 million per month At 80% margin there is no way they would capped at £28 million.
So yes- arb aren’t mining an actual resource. However a positive is that the capital spent to increase capacity still has a value. It’s not the same as spending day £10 million on drilling holes. The computing equipment still has an asset value.
I don’t think this will be a spikey share but I can see a steady climb over the next year or so to a much higher value with of course dips on the way.

Good post. I would argue too that this is a better way to have crypto exposure than actually buying BTC. Imo if BTC stays where it is I still think this is undervalued by upto a factor of 10. If indeed they can get £30 mill plus gross profit annually, you could argue that this company should be worth £300 million. If BTC doubles it could be double that. I think I will keep adding here.

Possibly why this didn’t go over 10p today. Good support on the buy side. I will keep adding when I can- as the cash flow which should arrive is out of context to the mcap. At some point the market will have to catch up.

Looks like they sold 0.6% of their holding. Possibly why this was held back. Cash talks so not bothered

ready to move. Lots of buys- £5k, 10k. Not punt money.

well Junes figures are from RNS:
-161 BTC, or £1.38m of cryptoassets, in June based on a BTC price of $10,817.16 USD
- mining margin 81%

Now: Following installation, the Company's total Bitcoin (BTC) mining capacity will increase by roughly 129% to 505 petahash (PH).

June was £1 million gross profit at a lower BTC price. with 139% capacity increase plus higher BTC price, then yes I make it circa £30 mill. To be clear this is extrapolating June's figures. However that doesn't include a rising BTC price too.
This is way too cheap imo.

Yep. I worked out gross profits of circa £30 million per year based on full capacity. Aware of course of the mining difficulties but this was mentioned last month as a warning that June’s results may not be great when actually they far exceeded all expectations. Even at a lower price they will still be making a lot of money. But like you said if BTC goes up again it will do wonders for the sp here

That’s 60p- £1.20 per share Dan
Possibly this year

another big day ahead I reckon.

P/e of 1 is completely bonkers. So what that means is that a year of full capacity, the company will have cash equilavents equal to the market cap so future earnings priced at 0. Should be on at least 5 I reckon. However on small cap stocks, the volatility is due to supply vs demand of Shares. The key to making money on shares like this is to recognise that it’s undervalued and just wait.

Idiot- at $11k bitcoin - if you take June’s figures as an average month and extrapolate the increased capacity, Argo by end of year should be making £2.6 million per month gross profit.
So annual gross profits of over £31 million.
There is absolutely no way a company can be valued at £25 million and have these profits.
Give it a few months and I think this will be over 50p per share.