Member Info for HarChris

Have I got these rough calculations right?

Current Exahash is about 1.7
Expected Exahash by y/e 5.5

163 coins mined in March so roughly 550 coins mined a month if global hash rate were to stay the same? A possibility I think as margins are continually squeezed for new miners.

At $40k revenue would be $22m a month/$264m a year so a forward looking price to sales ratio of about 1.4 - that's dirt cheap with the sort of margin Argo is capable of.

I must admit I am feeling very frustrated today. I believed the company would be able to move much faster in picking up new business than they evidently are and was surprised by today's figures - in truth it's probably my own naivety rather than poor business management but still £13m this quarter is pretty dire when you think biosynex just managed €110m and we were similar sized businesses pre covid. Markets hate seeing declining revenues and investors tend to steer well clear til there's a reversal on that front so I think we're going to have to wait a while yet for fortune's to change here.

I took the hit earlier and reduced my holding and will sit on the rest for the long term in the hope (and expectation) of a successful win with the DHSC which materially changes our prospects. I was happy overall with the presentation and with time imagine anyone holding or buying today will see a profit but that could be some time off now.

Admit it you expected the price to go higher today and stay there? I did, I was very tempted to buy in this morning and the only reason I didn't is I'm sticking to my plan to hold as much cash as possible as I see a stock market crash ahead.

Still, the news and presentation today were very good and buying now should lead to healthy medium-long term returns even if the short term is unpredictable.

We had a sportsman's bet PI100 and whoever lost agreed never to post on here again. I'm really quite flabbergasted that not only have you no integrity at all but you're actually the most frequent poster today.

You couldn't even be arsed to go to the trouble to make a new account this morning.

Those revenue figures aren't pretty considering January will likely turn out to be our biggest month of the year and would have preferred to see some ambitious guidance for three years time not five. Was also a bit disappointed to see Lab21 and Microgen being closed down.

I must admit I was surprised seeing you buy in higher earlier in the week, being such a skilled trader n'all.

Anyhow I feel a lot better about my investment now knowing you see value here.

Why can't you just accept byp that many of the people you call rampers are just ordinary folk supporting an investment they've piled a lot of their own money into? Why are they any different to you stating you'd just bought £10ks worth last week and then tweeting this:

'Fingers crossed for a good day today with RNS confirming results and investor comms next week. Expecting a rise up now, one can hope. #AVCT did a similar RNS and that’s not stopped rising since - well done to those guys too.'

The share price is down over 25% since that tweet so should you apologise? No obviously not.

I don't hold (will try to get in if possible on open) but i'm delighted for the holders here who have had to put up with so much s**** for so long now.

Is that all you have to offer Chaebol? Somebody is not best pleased!

Quick scan before work too - is there any figures given for the year to date? Any 2022 guidance comments?

The thing is @byp many investors *will* stick it out another 32 months because nothing is lost as of now and it's worth the risk at this stage, but of course a huge amount rests on the outcome with the DHSC. The difference could be anything from about £-50m (inc legal costs) to + £100m.

I'm with you though that this latest development will put the buffers on any short term rise unless what we see tomorrow surpasses all expectation.

You've also got to remember Wilson that if he trashes the share price with longer term thinking then the majority of the scorned investors will have already fled and he'll still see the resolutions pass the AGM. They've got 5% at least from Biosynex straight away.

Yeah that was my point CSwag. Whilst it would be nice if he did have empathy for current shareholders the jury is out on that at this stage, I would imagine the way he looks at it is if he delivers longer term then he's done his job.

Getting the excuses in early? No just frustrated and less hopeful for tomorrow now after the recent rns.

However hard it is for ordinary holders right now (tell me about it) I think it's important to remember that DA will not be interested in short term expedient manoeuvres to protect the share price if it isn't in the best interest of the company longer term. The LTIP vesting date is the end of 2024, that's what matters to David and the board, 2024 and beyond. They clearly believe they are eventually going to win this claim and if they do we might be talking £75m compensation, it could even be considerably higher...

We have to accept that directors are in it for themselves and to try and work out where those interests align with ours. For us that's not now but in 18 months time and beyond. For that reason decisions might be made that hurt the share price now but end up paying handsomely in the end for those that have stayed the course...

It did close at 58p yesterday though so you'd expect it to catch up with the LSE price today.

Thanks PI. So is that 400-500 btc monthly based on today's global hash rate or where you're expecting it to be? I'm back researching argo again this evening with the view to get back in if I feel confident after the conference call tomorrow.

The reason one tends to be better than the other is because very few shares return 100X within ten years, *very* few.

At £3 argo had managed 100X in just a few years, the chance of another 100X within ten years was almost non existent!

It's worth noting that Argo isn't commanding a growth tech stock type valuation anymore so any fallout from here *should* be limited. Revenue was what about £15m for the first quarter and so a net profit of approx £8m? A valuation of 4.5x revenue is a bit above average but margins are great and a P/E of 9 is low.

How many BTC are you expecting Argo to be mining in 2022 once Helios is fully operational?

No it's not as simple as bitcoin down, argo down. It's much more bitcoin down + nasdaq down + interest rates set to rise + sell off of growth stocks.

I'm sure there's still money to be made from Argo but the broader market conditions are rather unfavourable at this present time.

'It will literally drop 30-50% today. How are people still oblivious?'

'Fancy a sportsman's bet PI100? If it finishes more than 30% down today (in your range) I'll never post on this bb again, if it finishes less than that you never post on here again? Must be agreed before the market opens in 5 minutes'...

'HC. I’m in. See you at 4.45, for the final time.'

'Deal'

'Great. I don’t want to see you go but it’s a banker. But trust me, I desperately hope to never post here again.'
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No hard feelings - all the best!

What were you expecting in terms of production for the quarter?