Member Info for HarChris

Barnet's the biggest vulture on lse!

It's worth remembering that the current price of zcash is very important as we sell what we mine and it's instantly converted. High zcash and lower bitcoin means extra bitcoin...

By July, ignoring Texas, Argo should be producing around 240 BTC a month. Let's assume the company sell 250 BTC at $60k by this time next year to help keep the lights on, pay wages etc. This time next year we should be holding around 3000 bitcoin which at today's prices equals £132m with monthly revenues of ~£11m. That's not factoring in the huge expansion to come or changes in the bitcoin price.

So looking ahead twelve months it would take a mighty decline in the bitcoin price for this price to ever look expensive. If bitcoin continues to rise and is sitting above $100k the share price will without doubt be many multiples of where it is right now.

Why is when Argo rises 1000% against bitcoin's 100% that is seen as understandable but when Arb falls it's manipulation? So many idiots on here who simply expect to make easy money with zero understanding of the stock market.

The share price implosion really began Mon/Tues, hence why I chose this morning to fully commit. I wouldn't call today day two at all...

Ray same here (well 164). This was Tiger's post just yesterday!

'Takayama .what ever you call your self ...
This will never see a SP lower than that 160 ,unless it does get hacked lol... '

Well I got a quote 15 minutes ago for 159, has it been hacked Tiger???????

2/3rds allocated to Arb at 164, 1/3rd kept dry in case Arb hits 155. Bottom probably in now if bitcoin holds.

As a few others have already said the dilution is looking like a masterstroke now at £2. Further dilution at a deep discount to today's price would cause the share price to implode though, he. will. not. do. that. 100%.

Maybe at some point in the distant future when the share price is multiples of here but not now.

With nervousness around this share we could really have done with bitcoin pushing on to even greater heights. That small fall over night is likely to have an impact but how low is tough to say... lots of gaps to fill as the traders will say.

They had dropped almost 50% from their Feb highs prior to that note so there was room for a big jump like that...

With full holding, GLA!

The issue Blessed is it's obvious you were hoping/encouraging a move down as low as 120 to benefit at everyone else's expense. If you bought back at 147 you went against your own statement of 'maybe' buying back at 120/130.

THIS IS NOT A SINGLE SELLER. It's quite obvious that PIs are selling, many of which have seen large profits eroded and are feeling a bit panicked. The bloodletting will end at some point this week but where the bottom is we don't know yet, possibly the 170 of ten minutes ago.

only to find it's gone from 195 to 170 and back again! My bloody bowels cost me this time.

Consolation***

I know it's no consolidation to those seeing paper losses but Argo rose 6000% in six months. There are always gaps to fill on the way down following such a rise and that to me is the biggest risk right now. If you aren't trading this it won't matter in the medium term, as long as bitcoin keeps performing Argo will do well.

This does seem finely balanced right now. Can see a bitcoin pullback causing further pain to Argo but equally if bitcoin pushes on north it could be back swiftly to 250+

I'm going to stay on the sidelines now but this really could go either way in the very short term.

Fundamentals do 'mean a thing' EVENTUALLY, but us PIs don't want to wait a lifetime for decent returns!

Total rubbish. March's revenue alone was £6.57m with an 84% margin based on average March bitcoin prices. Multiply that by 12 and you are looking at about £60m pure profit and a p/e of 13, that's nothing for a growth company with no debt. Extra computational power is coming, especially with Texas so p/e will fall substantially if bitcoin prices stay the same.

It all therefore depends on bitcoin and Argo following through on their strategy. If bitcoin is say $200k this time next year Arb will be making something in the region of £40m a month profit and the share price would be around £15 (not accounting for further dilution).

I hope you weren't referring to my post as twaddle! I just wondered if there was any specific news due soon that might push the share price on, possibly Eskom related...