Member Info for HarChris

What a ridiculous comment. CLSK posts exclusively about bitcoin/crypto and is somewhat of an expert on those matters and my interests are largely elsewhere besides Argo, hence clsk filling in the details on queries I have.

Cheers clsk . Glad you’re still posting on here amongst the nonsense ignorant rampers with no grasp of actual details.

And to the poster below, of course Chippas wants the company to do well so his millions of shares are worth $$$ but he’s limited by a shell of a company with debt that dwarves the assets and with a rapidly depleting business.

It was a mammoth job he had when taking over and so far all he’s achieved is pure survival. Deserves some credit for that but failed in what was needed ie a much bigger raise earlier in 2024 when the clock hadn’t yet reached midnight.

Weirdly they might end up releasing interims before previous full year results as they aren’t audited.

It’s especially heartening because, at least intuitively, one would expect even greater learning gains in younger pupils / those with attention issues (ie most of the population these days!)

They are there to command maximum value for the secured creditors, that’s all that is happening unfortunately.

There won’t be anything left after that.

If I’ve got this right Argo have ~2EH worth of S19J Pro’s that need relocating or sale. When they were selling new-in-box s19s they were sold for ~$15m/EH and so $30m/EH was what they were worth brand new back in late 2022.

Now the machines at Helios have been running since about May 2022 so half way through their life. Additionally they are modified for immersion making it tougher to find a buyer.

Worth to a prospective buyer $10m max? More realistically closer to $5m?

No they did not receive £500k last year, they received ~410k euros so about £340k between them. Like it or not that's fairly standard for a CEO and COO and we have been told that's been reduced further so hopefully that'll be the case when we see the figures in the next annual report next year.

In the end of the day whether we like it or not they won't plough every penny they make into EXR from here. They own 80m shares between them (David and Sandra) already and have 23m further options (combined) at 4p a share.

They are heavily incentivised to make a success of this.

Let's be honest - every ramper on here at the start of November with BTC at $66k and Argo sp @ 10p would have said that ig BTC breaks $100k by christmas Argo would double or treble. In fact i'd have probably agreed yet instead it's down 40%.

$100k has come and gone and done nothing, $125k isn't likely to make much of a difference now.

It’s possible that Argo gets one last pump, sure, but it’s also a race against time - once there is confirmation that the machines haven’t found a new home / they are being sold for a tuppence any link to bitcoin will be over.

Those rns’ should come by the end of the year.

There’s no need to flatter all these people by claiming they’re being paid for their negativity, for some it’s possible but the majority will just be lonely old men that get a kick out of being controversial on an online forum. Nothing more than that.

I really can’t tell if you’re positive about TGR or not, you oscillate more than a pendulum clock.

Pretty much my thinking - would cost tens of millions and many years to build anything like EXR already has - £15m ie ~2.9p a share would still be a steal as a TO target.

You’re right that it might be four to six months until fireworks but preceding the big data release that effectively proves efficacy is both the Dx sale and, more crucially, the move to the Nasdaq.

We all know AIM is failing to value companies left, right and centre but that shouldn’t be the case anymore and the US move should coincide with said data release fireworks.

I think yesterday’s interview was the third party validation many on the sidelines will have been waiting for.

Why? In a couple of weeks time Argo will barely be a bitcoin miner anymore - is there a HPC bull market too?

‘ That's just icecool putting on an Italian accent, chief ramper.’

Made me spit my coffee out ^^^ top work.

The gold analyst I follow and trust most is now forecasting the end of this current cycle seeing gold just shy of $3100/oz by early February. If he’s right that means we’ll have the committee report re state issues well behind us, Douta PFS released, Q4 results released, MLE extension plans either released or due imminently, further details on buybacks/dividends from mgmt (will be discussed after q4 results in Jan) all against a backdrop of $3000/oz gold.

I smell a rerate.

Yeah I get that but seeing as we've gone so long without any meaningful news which has allowed the share price to drift to quite incredible lows (below net cash) you'd think we'd be thrown a bone in December to make us chrissymas a bit better, wouldn't you?

Will be mightily disappointed if there's not an rns before late Jan.

Anyone receive confirmation from management of a TU in the coming week?

Always enjoy debating with you John andI find it refreshing that you remain positive but also balanced. Good luck and will check in the next time there's an update which will surely be fairly soon!

David, Sandra and Seamus all bought shares in April at 1.9p, what different did that make? The Whelan's now own a combined 80m shares, that's over 15% of the company. They are sufficiently incentivised to turn this around and this is Dave's baby... if they fail it won't be due to a lack of effort, David Whelan lives and breathes EXR, that's obvious when following on LinkedIn.

The share price is bleak right now but the business is growing and gaining traction in what appears to be the sweet spot for VR, enterprise and in particular education. Here's to the next update kickstarting the share price recovery.