Ryan Mee, CEO of Fulcrum Metals, reviews FY23 and progress on the Gold Tailings Hub in Canada. Watch the video here.
BreaconCarreg
Posted in: ARB
Posts: 719
Price: 45.00
No Opinion
RE: Mined Btc 202211 Jun 2022 10:14
Certainly should get some good gains,but , I'll be very surprised if they ever rise like they did last year again.
Everyone knows the score now with the constant funding needed and the real cost of mining.
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"Growth is a requirement but this is the second time in 2 days youve mentioned constant funding. Are u referring to dilution, because i cant remember the last time argo diluted, and im pretty sure theyve said this entire year is going to not involve dilution"
"Can u you clarify what you mean by constant funding pls? "
I'm hoping you've finally woken up !!
18:49
i saw the perry in texas videos and i genuinely got the sense although really passionate about the mining he didn't quite have the acumen to realise a project of that scale"
HAHAHA
Surprised you even knew what job he did ! .... LoL
Haha krautyankee
You'd of thought that was the case for the last 9 months, but he was still spinning last month.
Watched him on the wolf of all street only 4 months ago. Slating other miners for not delivering on projected EH . & how some where failing... Acting the big i am.
Shameless, knowing the state argo was in then
Is his video out pls?
all miners much of the same flavour from ATHhowever argo failing to execute by september/october would be trouble as i predicted earlier this year."
Unfortunately you couldn't predict what day it is tmrw!
Unfortunately worse than represented.
Argo is mining 90 btc per EH.... not 140
( he has clsk & argo muddled)
And argo has under half of btc hodl than
what is claimed in the slides
"are creditors going to risk lending to Argo when all they'll have for collateral is aging machines and a poor track record of growth and profitability"
Surely the fall in the value of these rigs backing the $70 million loan is why the NYDIG loan has to be renegotiated ?
NYDIG have argo in their hands at the moment
"There's QBT but that's even more fantasy economics than this if you can believe it"
Thats true, but I bet everyone wished they were holding that instead of here the last year!
Chaebol
Argo would surely get bought out before hitting 0 ?
Got to be a plus number on last months mined numbers chaebol , surely?
Argo labs has been yet another un transparent farce ,up until now anyway,
unfortunately.
Argo is hemorrhaging money at these terrible power prices & low btc price...They have to keep the lights on.
Also there is talk now of $millions needed to secure a good fixed priced PPA energy cost at helios...
.God only knows why this was never mentioned by the company let a loan never budgeted for.. if indeed it is needed upfront
If you look at the " pw is having a laugh " tread , your will see some good posts by hexam to the possible benifits to the raise & the investor buying 15 % of the company this way.
What on earth do you think could ever happen that would make argo rise like a phoenix pls? ( except a massive massive btc rise , that would push other much higher)
"think epic let them down which caused the delay"
PW blamed epic , then he blamed intel
Unfortunately it was another stinker told that argo would be getting 1.8EH of epic rigs
(these machines can overclock 50% in immersion)"
No one overclocks their rigs 50% ,they would be burnt out , immersion or not
I think the 220 MW capacity they advertise on their website is made to look like its avaliable in helios but 20MW is the data centres in Canada
They retired some of their S17 fleet in June / July but not all."
Yes ,pointed this out at the time.
.I think it was 186 PH from memory.
They said they were to be repaired!
very unlikely , just didn't want to look like they had condemn the whole lot
600 plus PH in cananda
Flower that’s unfair comment and the whole funding of 12 months is not being spent on PPA ffs"
I asked the question... how much was needed to be spend on a PPA?
Not sure how you think that's unfair?...
Do you know the answer pls?
"I have confidence in the company so if you don’t suddenly now have confidence & are wholly short sighted despite these strong measures, then sell up but others will snap em up from you."
I lost confidence in the direction of this company over a year ago...
I'm here to make money not blow smoke up PWs behind.
I hold no shares at the moment . So i expect your already bought mine yesterday afternoon
If they do need this huge amount of funds upf ront to secure a decent PPA
Then it makes this whole decision to over build helios leaving no funds put aside for the PPA even more of a terrible decision & gamble !
"if they need 15$ or 20$ mil, short-term, to secure a good PPA, that would seemingly explain things"
Is this definitely the case that they need those sorts of huge amounts of money upfront for a reduced PPA pls?
I know windfarms used to agree PPAs years in advance in texas.
I cant imagine them stumping huge figures upfront, years prior.... or would that likely be to because of green subsidies?
Terrible low end of year 2.9 Hashrate
Very low hodl likely left after the monthly update
And a horrendous unsustainable energy prices stopping a btc miner mining!
The sooner blagger pete is gone the better
MW
"Also concerned as to what the monthly update will say and that yesterdays RNS only came out now to counter a poor monthly update."
Personally I dont think that yesterdays rns could counter any bad news, so not expecting anything else bad to come in the monthly update.
Wouldn't be surprised if this ( up to 30MW) hosting agreement isn't implemented till next year, so will be interested to see if rigs have been installed for this 3rd party ,as PW said I was happening from last month !