Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
Although I believe the share price should be considerably higher , I think until the public offering of ADSs in the US is known, the share price will have a lid on it. Hopefully this will be completed by October. Once this has happened then I expect the share to re-rate. We should no longer have these vast differences to our US competitions. Since last Monday Argo has had about 70 million usd notional of trades compared to 2.3 billion usd for Riot. ( rough calcs using VWAP on bloomberg) . I firmly believe imho holders will be well rewarded assuming all goes to plan.
The time saved will out weigh any premium we paid for the land. For example. 1yr saved = 12 months x 900 btc x 0.8 margin x 40k = 345 million usd. Are we going to quibble about an extra 3-5 million usd on the land ?
Plus higher bitcoin price in a years time would likely mean higher price to buy the miners.
Added this morning , although I admit there was a small amount of apprehension. However after Peter’s video update, I am now very happy I made the right decision to buy on the dip. Looking forward to a positive week now. Maybe bitcoin 50k and Argo £1.50 ( still undervalued at that price imho ) by Friday would be nice. GL all holders.
@Argobull , yes your calculations were very similar to my thoughts , the revenue generated is amazing and you calcs were with $38,500 … fast forward a year and Texas is hopefully up and running with bitcoin $65k ( personally think it will be higher) . My discounting calc would be as follows
900 btc a month x 12 x0.85 margin x 65k x 10 PE / 600 million shares ( allowing for dilution) = £10 a share.
Assuming everything stays on track , enormous upside imho.
@Jabberba , where was the Argo nod !! I missed it and only managed to get in at 40p .. sitting with a nice holding there , unfortunately didn’t take profit above £3, but once again I have my targets , so happy to wait.
I took plenty of profit , selling over 5 million on the ride up ., but hold the balance for my longterm target which is well north of 12p. That doesn’t mean you can’t be frustrated with the news. The wording literally leaves a potential 18 months on top of the previous timescale. Which personally I feel is bad communication.
@Jabberba , chill , we’ve been around for so long we can handle extra few months. I am also in exactly your position , it’s been a frustrating 6 months but I have my targets and I believe we are still on track albeit it a little further in time.
Negative
Whilst the 2023 announcement is a disappointment, it’s just a delay.
Positive
Peel have a second unit planned in Glasgow.
Utopia have their unit in Poland to come.
Potential news to come , maybe further units planned for Peel and Utopia and also new partners in other countries.
I still believe this share is one bit of great news away from a decent rise back to 6-8p , so just purchased a few more under 3.7p
GL All.
I was invested in Clear leisure for many years , and unfortunately sold out last year before the great spike they had from 0.4p to 4p.. They tried to mine btc in the past unsuccessfully, and the monies they have been chasing through the italian courts have not yet materialized due to constant delays . I have a small holding again now but I am not expecting the gains that some of the posters on the QBT board are predicting. Personally for me a £ spent on ARb will realize more than a £ on qbt.
I agree with the number of institutional holders being around 35 , however a quick tot up on the Bloomberg Holders list ( not always 100% accurate ) , gives roughly 90 million shares held by institutions, so around 24% which is very encouraging. Also the average price of holdings for Blackrock / Vanguard / Fidelity / Schroders appears to be £1.45 ( circa 20 million shares ). Onwards and upwards.
It was no surprise to see what has happened today after noting the VWAP price yesterday compared to the closing price. I can see 26 x 50k clips bought this a.m plus a few 75k clips. Someone wanted in , and under £1. … VWAP currently 97p , I expect we will likely close there or thereabouts today. Next week could see us move back to the £1.20-£1.30 range imho. GL all LTHs
It’s been a tough few months for shareholders for sure , however Argo are still going to mine another 160 plus btc this month , likely at 80% margin. This takes us another month closer to the new year when the Texas facility will be close to going live. Every month with bitcoin 30k or above is great tbh , I would happily settle for that until Texas starts operations. The share price will improve as we near year end imho.