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Fair enough if you were referring to an entirely different platform (which I for one don’t use). I just think it’s a bearish sign personally (not Armageddon) and the market may indeed view it positively instead.

"Any Finance Director would support this. I would expect this to be the final extension"

I'm not saying I don't support it, just that I don't like the signal I take from it. If decent cashflow is not that close then of course it's a good idea. I would rather it was very close though (and reasonably assured) in which case I'd say it is unnecessary though many others might still support it of course - up to them. I obviously don't know the situation though to judge - just saying that to me it is a bearish sign. If you don't then fair enough - we just have a different view and I'm just expressing mine - not trying to change anybody else's.

Yes, but I would hope that a product that makes it 2.6x more likely to be successful in mining BTC would generate buckets of revenue quickly even with a small deal. For example even ARB generates $6m a month of revenue now, more than twice as much as the bond. Any reasonable share of the uplift from a 2.6x product would quickly clear the loan. This suggests to me either the 2.6x is not valid or the time until any revenue coming in is expected to be at least 6 months away so I'm not expecting a deal announcement anytime soon.

If the product was that good, and imminent, I just don't see why they would be fiddling about now with the terms of a relatively small bond. Just my view though and maybe I am being over-negative. Can't see how it is a positive sign though, neutral at best.

.You pay loans off if you don't need them so you can save on the interest (which has been increased). Of course it can be an efficient way of raising capital but if a deal is close and the product is as good as they say it is then they should be awash with cash soon (and have little need for any capital). This suggests they won't be.

Hardly encouraging extending the term a second time as suggests they are not confident of having sufficient cash flow in 2024 to deal with the bond (and has cost them in terms of increased yield) and therefore perhaps unlikely to hear any deal news soon. At best it is just prudence and we'll still get to hear about deals in 2024 - just a bit later maybe.

I think your 50BTC is somewhat optimistic HC. Perhaps 25-35 BTC is more realistic given normal rates of difficulty increase (broadly doubling each year) plus the instant doubling on top of that with halving. They are only mining around 120 without transaction fees at the moment so unless fees increase even further above their unusually high current levels (possible of course) then I think 50 BTC is well beyond reach in 15 months time.

It was quite a small dilution but what they really need is a much bigger one.

Placing price was 20.5p. Just 479.5p short of someone’s very recent prediction for the ARB sp. Hopefully they won’t give up their day job.

So I take it you’re not predicting £5 anymore for Arb Openheimer? A week is a long time both in politics and inside your head it apparently. Really pathetic.

There is nothing ‘fishy’. They did a raise at much lower than the current sp. A raise at some point was inevitable and to be fair they’ve done well to get one away for nearly $10m but it is still dilution and the market hates that.

The mining figures were good but driven by the transaction fees and not unexpected. Transaction fees are already at around half of what they were in December. At the moment Jan is heading for about 120 BTC allowing for difficulty increases as well so will be a big drop compared to the 155 for December.

Yes, they did announce a trading update was coming last year but in the previous few years it seems to have been released without any prior warning so not sure quite what to expect. One way or another though we should have an update soon.

I think it will go up in leaps, not progressively. If there is no deal news then I can't see it getting beyond 5p whatever BTC does or the rumour-mill says. If there is any news of a deal then it will leap far beyond 5p in my view. How much depends on the terms of the deal and in particular how close it reflects the 2.6x as well as obviously the cut of this that QBT take. I don't think it even matters much as to the size of the deal as even if it is only with one small miner then the market will have hard evidence of the product and hence further deals will be seen as much more likely than an initial deal is seen as being now (assuming of course the first deal, or deals, isn't fully exclusive).

Of course if no deal is forthcoming at all then it is a different story altogether and therein lies the gamble.

"May I suggest QBT needs a solid and proven Income before that could ever happen."

Sort of. They don't need the actual income just the news confirming there will be an income and to hit something like 37p it needs to be seen to be based on the 2.6x premise being broadly true. If that's the case then I believe 37p is certainly possible but obviously it can't go from 1.5p to 37p without some form of concrete news of a deal happening and then it will depend on the terms of that deal.

The increase in ARB's mining is due to the high transaction fees which have added about 30BTC in December to their figures.

Chuz - They're almost certainly running at a cash surplus at the moment (probably at least $1m per month at current BTC). I just think it's an opportunistic raise given the recent uplift in sp as they know the cash surplus is unlikely to last much longer with the halving and loan repayments both bearing down upon them plus difficulty rising all the time anyway and no funds to keep up with that.

Just buying more time and to be fair with this raise a bit more time than anyone could reasonably have expected perhaps?

Growthinvestor - Forget about Openheimer, only last week he was touting over £5 for ARB when he was in his ramping phase. Best ignored.

Not sure what the agenda will be from the 'trolls' this week but suspect it will be same again from the uber rampers - a deal is very close, lots of commentators are saying BTC is going to scale new heights and anybody that says anything at all negative in any post has an ulterior and nefarious motive (like wanting to get in cheap) and probably has multiple IDs.

There you go, saved you the trouble of looking at the board next week so you now have more time for other, more useful things. You're welcome :-)

(Of course all bets are off if there is any actual news as there will be something new and interesting to talk about.)

That's just silly. Firstly, I haven't mentioned it that often and even if I had I've clearly stated it is only my view. Nothing at all misleading about having a view even if that view is very different to your own.

"nothing 100% certain but you would have thought it would be damn close?"

No. As I've said before my own estimate is 5 to 10%. Just my view though and not trying to claim they are the actual odds - although they are much more consistent with where the sp sits than it being 'damn close'.

And as I've also suggested before, if you believe implicitly everything an AIM CEO tells you then more fool you - but your choice of course.

"I am repeating what FG has said not making it up."

I'm not saying you are making it up just that you cannot possibly be certain.

You are totally making up the bit about me being JezConnor though. More misleading comments from someone who claims they are never misleading.