Member Info for HarChris

What with all the mounting debt and future capex as well as the increasing mining capacity form Texas you're going to find strong BTC price elasticity here - a change in BTC to both the upside or downside will cause a much stronger reaction to the argo share price.

Risky yes but those that call it right will be substantially rewarded.

One of the biggest short term risks I see for BTC is the likes of MicroStrategy and other BTC holding companies as well as miners being forced to sell substantial amounts of BTC to keep the lights on / continue with aggressive growth strategies, adding to any downward pressure that already existed.

Would be healthier if BTC was seeing wider adoption rather than accumulation from a few entities taking on enormous risk.

No one knows when the dispute will be settled, could easily be tomorrow, could be more than a year. There does come a point though I think where we as shareholders deserve to be given a little more information or an idea of timelines otherwise for all we know this could be a noose hanging over our heads for another 5 years.

Thanks for your replies guys, especially AB for such detail as always.

Once Texas is kitted out Argo (unless diluting considerably) is going to owe a hell of a lot of money. Does anyone have an estimate for what the net profit breakeven BTC price will be when the first 200MW is installed? It's important to recognise the insolvency risk , however small.

David will be judged on whether or not he leaves the company in a better state than when he joined, plain and simple. We are a few years away at least from being able to come to any concrete conclusion on that front.

Happy I'm pretty sure you and others said exactly the same thing after the last update and were 'hoovering up' shares on the drop from 160p to 110p only for it to continue falling to 70p?

It’s obvious that PW understands the worries investors have of being constantly diluted. Well, at this stage he had no choice, raising that money through a placing would be the nail in the coffin here.

The problems will come further down the line unless somehow the share price or BTC strongly recovers.

As BMN were already racing towards the most exciting period in their history (2022 going into 2023) it's highly likely that a vanadium spike like 2018 will also lead to a BMN share price spike.

The big question we'll likely be faced with is 'do I stick or twist at 50p?!

'Vanadium prices do help but can not do the job alone.'

Cough* cough* somebody tell Alfred about 2018.

Who gives a s*** who is selling? Let the rainbow chasers go after whatever stock is rising today whilst we wait for the share price to catch up with the fundamentals.

The court case noose is no longer hanging around our neck, a BE Update will be with us soon, we are looking at the most profitable quarter in many years. We will get the odd red day but this is going in one direction and one direction only - up.

Usually there’s a Q1 update in April/May

The last bit got cut off…

It basically said get well soon Wilson!

I’ve been reading the comments today and trying to level my own views with those of others on here to come to some sort of middle ground understanding. I think what’s bugging many is a feeling of not being cared for as a SH, not having one’s interests looked after. This is hard to deny, right now the company appear not to give two s**** about the share price and by association investors sitting on ginormous losses, they are not empathising in any way and are doing nada to temporarily relieve that somewhat or even offer some ray of hope.

I think the truth is that CEOs and directors don’t actually care about shareholders… well that’s a bit cynical - most don’t - there will be exceptions that feel a real sense of duty and moral responsibility to act in the interest of shareholders, for both short term and longer term holders. But in general what they care about is company success leading to healthy remuneration and bonuses and to get there generally requires a synergistic, two-way relationship with shareholders, especially on AIM. So only in that sense do they care about shareholders, for their own benefit, to help achieve the company objectives… For example you’ll see time and time again on AIM a sudden flurry of news, a ramping up of communication only for a large placing to land days later.

Right now I imagine David is paying no attention to the share price and is focusing on business matters behind the scenes, frankly because he doesn’t need to pay it much attention. The only real threat is one of a lowball takeover but even that doesn’t appear very likely with biosynex far from aggressive in their accumulation… What is probably getting everyone’s back up is not that he doesn’t care, it’s that there’s not even an ounce of effort given to pretending to care. This is the more unusual thing, the lack of even basic formalities such as reaching out to shareholders with a welcome message, sharing a bit of detail of what his review of his first 100 days actually contained, what it unearthed, instead leaving shareholders with nothing for months, essentially throwing them to the wolves… obviously it’s not terminal as real value will be extracted in the future if the management prove to be competent but certainly it’s testing many LTHs reserve and some of them might just drop out at the most inopportune time due to exhaustion or financial necessity.

I still hold the personal view that ranting and raving about it on here isn’t the way to go and I’m sure things will change, not necessarily for our sakes, for his own personal benefit… I believe... I certainly hope... he knows what he’s doing and in some way is making a point of leaving the share price be so that the shift in gear will be discernible… but it’s good to get the message across to the company if you can that this ostensible, this brazen and unabashed lack of fight, this disregard for current shareholders (at the expensive of new entrants that can slip in and make the most money) must c

No way is that true Parkdog. All that happens at the halving is 50% less coins are mined for the next four years, but as of now the total number of BTC is only going up 324000 a year on a total of 19 million so the BTC supply is increasing about ~1.7%. After the halving the supply will increase ~0.85% a year, you think that makes BTC instantly worth double?

What about the fact that suddenly Argo can only mine half as many coins with the same computing power?

The halving made much more of a difference to BTC 8 years ago, 4 years ago etc, over time it will have less and less of an effect on the price of BTC but the miners will be mining half as many coins.

The funniest thing was seeing a certain numpty proudly share that they had sold, at 133p, and moved it into Argo and boasting last night about how they were already up on that trade. Well now, 24 hours later, that numpty is level on argo(but down when factoring in the stamp duty paid for a main market stock) and would be able to sell here 9% higher.

Tedious.

I think it's a fair assumption JRDC seeing as that £102m is after writing off so much already because of the contested contract and we are hoping to see tens of millions extra added. Might pay a little back, might receive £20 odd million more - i'll stick with £102m for now.

I hope it doesn't... let's continue seeing 3% rises for a few more weeks and hopefully some stabilisation around $65/kg. That'll see us fully funded for years to come.

No.
Pre pandemic novacyt had £1.5m cash and £7m debt.
Post pandemic novacyt has £102m cash and £0m debt.

The future is uncertain sure but it's a different company now.

So Steve why did you hang around in January when David made it quite clear that there would be a good bit longer to wait before he was ready to start sharing strategy and plans with the market? Did you think the share price was already as low as it could go and so wouldn't go lower? Did you sell out and buy back in and now are frustrated it's gone even lower?

Personally I expected to hear nothing between now and January. The SP was already low so I thought I'd stick it out. We're now in March so not too much longer to go and from April on I will be way, way more critical if I don't like what I'm seeing - but until then I don't feel I have grounds to complain.