Ben Richardson, CEO at SulNOx, confident they can cost-effectively decarbonise commercial shipping. Watch the video here.
The company has come a long way in the last year , a Nasdaq listing this year was unlikely ever in the plans for 2021 this time last year. The surge in bitcoin price took many by surprise and has allowed Argo to now look at a Nasdaq listing much earlier than they ever would have expected imho. By my calcs last month they only sold 7 bitcoin , so a decent Hodl for the month. Even with 160 odd btc a month for the rest of the year, Argo will have around £55 million worth at current prices. A happy holder.
So no bitcoin sold and the company actually appear to have added 172 btc to April’s Hodl number.
As for the delay on miners , it’s been well publicized how difficult it has been with obtaining chips. A few months delay isn’t a worry here imho.
Agreed , very good news , not sure about a £1 anytime soon , but 10p plus in the second half of this year makes sense to me. However this company does have the opportunity to really take off. A smooth roll out of these units would be brilliant. In 2-3 years time there’s the possibility of dozens of units being constructed at once across Europe. GL all.
@poptimist , it’s pointless comparing share prices of stocks for comparison. You have to use market caps.
Mara currently has 3.5x larger market cap than Argo
As we near the end of the year I would expect that ratio to drop as we get updates regarding the Texas facility.
Patiently waiting ... as long as btc remains above 50k , this time next year the market caps will be much closer imho.
Pearls , here’s a little help for free , don’t live in the past , it’s all about the future. I know you are just trying to have a bit of fun because I am sure you must understand this company is in a much better position now , than the results you are bleating on about.
1st Nov SP £3.15
2000 btc hodl x 55,000 /1.40 £/US = £78 million
Nov21-Nov22 ( very very conservative )
200 btc x 12 months x 55k x 0.8 margin /1.4 £75 million
X15 PE = £1.125 billion + £78 million / 381 million shares.
Not sure what the correct calculation should be. I am not an accountant. However it doesn’t make much difference to me as I am holding for £20 plus in 2023.
Other shareholders listed on Bloomberg ( not always correct but generally close)
Trium Capital 2.55%
Ironport Blockchain 2.36%
Jupiter Fund 2.35%
Durban Holdings 2.31%
Barclays 1.06%
Prometheus 1.22%
Vanguard 0.63%
Fidelity 0.94%
Quite a few banks holding 1 million shares aswell.