Member Info for HarChris

Rare earth prices soar? Any reason it’s not showing up on the neodymium price charts?

There is not a chance in hell that Thomas Chippas buys in big and you can’t blame him. He either keeps Argo afloat by some miracle and receives millions of shares in remuneration or they go bust - risking his own money at this point would be reckless.

Some sensible posters on there, thanks for sharing.

Funny seeing the old balance sheet used to argue against buybacks / dividends … since June 30th THX will have added $40m+ in FCF with that continuing week by week - looking back at old financial statements is misleading when we’ve seen such a massive step change in cash generation since June.

Quarterly financial statements later this month will show the progress made with even more to come now we have gold above $2600/oz.

Argo will be releasing Q3 results v soon, likely within 7 trading days (with a notice of q3 results early next week). This will reveal the cash position and either give traders the confidence to have a little punt or have them all running for the exit.

Either way mgmt needs to pull off a massive raise whilst there is still some equity left here or it's without doubt lights out in early 2025.

They are designed for immersion so I imagine they’ll be hard to flog but if they could get rid of them then what would we be talking, $10m max?

It would leave Argo with barely any of its business left and considerable debt ie a worthless company

Https://www.linkedin.com/posts/davidwhelan1980_ai-vr-immersive-activity-7256986028853313536-0io6?utm_source=share&utm_medium=member_ios

This is another excellent video showcasing what EngageXr can do and the post has great interaction and feedback.

Hopefully soon we saw all this positivity filter through to some exciting rns’!

And there’s the death knell rns… buried amongst waffle that attempts to mask the seriousness of Galaxy choosing not to renew the hosting agreement.

So far no RNS which suggests that nothing from the committee report has led to anything material that needs to be immediately communicated with the market. There's a chance now we'll simply see some additional commentary added to the next financial update later this month.

POG falls over $100/oz yet little change to the share price shows the current disconnect between POG and valuation - the fall just means that FCF per quarter drops from something like $33m to $31m.

Still think we're about to receive a plethora of updates that can turn sentiment upside down and on its head.

Btc has to go up in a straight line if Argo is going to catch the wave, otherwise it pops 10% and then sells off.

$75k btc and 9.5p share price proves that - especially as it’s followed a much improved monthly operational update.

Nobody is denying there’s risk here but it’s whether you think it’s largely baked in already or not. At a forward PE of less than 1 now and with Thor already close to a multi jurisdiction future I think the risk at the current valuation vs the cash being generated is low.

Anything too punitive and Thor exits Nigeria and with it a whole load of foreign investment eyeing up a move into Nigeria also goes elsewhere.

It’s therefore no wonder that what we’ve heard for the federal government has sounded sensible and cautious.

34p is the broker target

Well taxes on profits here are currently zero so if they did go up slightly it’s from a pretty low base wouldn’t you say?

Considering THX are set to make $60m+ net income in this half year alone and then (all being equal) $125m+ for the next couple of years and with a larger, shinier project relatively close to entering construction (mid-late 2025?) I think there’s a fair bit of margin to play with at today’s $125m mcap if taxes/royalties were to increase.

Tomorrow’s Oct operational update might look a tad healthier but the spike in difficulty two weeks ago and the adjustment we’re about to see later today could lead to November being the poorer month of all.

Any pump in share price would have to be seized on by Chippas to raise otherwise Argo is 100% facing insolvency come Jan/Feb - so the only chance of making money is by timing a spike perfectly.

Rubbish risk/reward.

The real problem here from a trading perspective is the valuation. Argo has a very high chance of failure now and hence should be priced to fail. If that was the case at something like a £10m mcap there would be a punt to be had, a bet on survival thanks to a bitcoin bull market that could return a few multiples.

Does anyone really think there’s multiples to be seen from a £60m mcap?!

It’s pretty clear that traders are holding back from piling back in here until THX release an update that draws a line under this episode but for them to do that it has to have properly concluded - no point releasing an rns re the committee report only for more claims to be made in the media.

Hopefully there’s an update soon though or all the upcoming catalysts will see a far more muted reaction.

TalkingSense actually talks sense, that’s pleasing.

If we’re looking at anything from £3m-£5m then the upside is 100% from here in this gold environment and if mgmt need more time to get this over the line I imagine they pull off a small raise at or close to 0.3p.

Good risk/reward here

Yeah I would imagine they have cash to get to the end of the year. That’s all they have going for them though…

The fact we’ve just seen all time high Btc with barely a whimper here casts doubt over whether there’s one last survival rally to come.

Fine line there Bushy! Sad to hear though