Member Info for HedgeHogarth

Says it all - there must be more individuals across the Pond who ignore Debt, Profitability and a pivotal Halving Event

LTHers and the company itself wont complain though - it creates a platform now to raise at a higher SP and reduce the dilution.

Dagenham - I agree 100%

I would buy ARB all day long at the prices you suggest 2p, 8p and maybe 14p (Bitcoin needs to go above £100k to convince me of the latter)

But the price is not anywhere near that. Yet many are buying a stock that unless Bitcoint attaches rocket boosters, to rocket boosters, to rocket boosters. This is NOT a good entry point.

It's been maybe and hour since we've discussed the huge debt and losses at #ARB

...and I've forgotten all about the £10m losses racked up in Q3

So let's just throw caution to the wind and buy on 'Hype'.

That must be how the rich got rich ;-)

Girdz - I should have looked at your historic post before providing a 'serious' reply.

You are clearly not the member to converse with here

I imagine the RNS must have been very painful for you - given the tone of your posts for the last few months

It was a great update and a real change in momentum for this stcok; it's caught the imagination of many a punter in the last few years and not delivered. But Good things come to those who wait - FY24 looks like it will be a great year for Bidstack

My apologies jona35, my mistake

Indeed, their pipeline and performance looks ver encouraging

For clarity, it will not accept a SHORT trade, i.e. it wont let people 'sell' and has not done all day

It will let you buy as many as you like

You can only buy on Spreadex

Daggenham - speak for yourself.

Fundamentals will always play the key role in stock picking for me - whether that be in a bear or bull market

Kashri

The flaw in your argument, for me is that for this to hit £1 it would value the company at over £500m

Given it's current cash position - it is likely to raise either now or in the coming months which would increase the number of shares in issue which would mean £1 would value the company even higher.

Right now, to justify £1 valuation, i believe that Bitcoin will need to exceed $175k

I cant tell you if that is realistic or not - but that is what it will probably require.

Thank you Monteacute

I happen to think this IS a great opportunity to invest. It was a bit of a surprise and a great Christmas present for those who held shares here.

Equally, it would have been a horrible pre Christmas nightmare to those who held a short position.

It's hard to see a huge amount of risk investing at this level - the company has cash now and a new strategy which looks good to me.

I've taken a small position today and will add to it over the coming weeks. I think this will do well in 2024

It's disappointing that there are not members here who are more willing to discuss and debate the fundamentals here.

I may be wrong

ARB faces a critical funding event before we even get to the halving based on YTD cashburn

There may be lots of individuals happy to part with a few hundred/thousand pounds at 15p/20/25p based on hype and momentum - but are more serious investors with deep pockets likely to invest £100s/£millions in ARB with no guarantee of their future profiability and £70m in Debt and ultimate survival?

I'll join the 'hype' and buy when this hits 10p

Why 10p? - because it values the business at about £50m which is the best I can value it at given't its Q3 and YTD profitability and £70m of debt

(sorry, 1st post had a couple of copy/paste typos, now corrected)

The company started FY23 with $20m CASH and ($76m) DEBT - Net Cash of ($56m)

9mth later on 30th Sept..

$8m CASH and ($70m) DEBT - Net Cash of ($62m)

So Net Cash is getting worse....

With just $8m left in the bank and a cash burn YTD of ($12m) the company could run out of cash in March 2024

Thoughts?

It would make sense for the security and the future of the company to raise. With $70m of existing debt and just made a loss in Q3 of £10m what price do people think they could raise at and how much should they raise?

The company started FY23 with $20m CASH and ($76m) DEBT - Net Cash of ($56m)

9mth later on 30th Sept..

The company started FY23 with $8m CASH and ($70m) DEBT - Net Cash of ($62m)

So Net Cash is getting worse....

With just $8m left in the bank and a cash burn YTD of ($12m) the company could run out of cash in March 2024

Thoughts?

It would make sense for the security and the future of the company to raise. With $70m of existing deby and just made a loss in Q3 of £10m what price do people think they could raise at and how much should they raise?

But good luck to those buying - Its available at less than 29p now....

Easy 10-bagger ;-)

Spitfire - true

Those expecting it to go up (10-bag in some cases) have underpinned their priction wth the word "hype"

Those expecting the SP to go down have underpinned their prediction with the revenue, cost, profit and debt fugures in the RNS updates from the company + the logic that the output if Bitcoin miners is shortly going to half so they need the price of Bitcoin to double to stay the same. At right now, the same for ARB means (£10m Loss in Q3)

And that ladies and gentlemen is the last post i shall leave here

Good luck everyone

Be careful

Denisthemenace

So all your posts are based on hype?

You think that the value of Argo (with£70m debt and posted a £10 loss for just Q3) can acheive a market value of over £1bn?? Good luck with that.

Lots of people are going to come unstuck here.

Investing in crypto directly - I get

I just dont see it here as the havling event hurts MINERS - it does not harn BITCOIN holders. Simples