Member Info for Hexam

“most companies like this always rise on coming out of suspension”

I don’t think this is true with or without the ‘always’.

Best case scenario here I believe is that it is as MWhite suggested and due to their failure to release Q3 results in time though surely in that case ARB know the deadlines and the consequences and so would have pulled the trigger themselves?

“LSE tagging as suspended yet nothing official so how do they know?”

Maybe this?

https://www.londonstockexchange.com/news-article/market-news/suspension-argo-blockchain-plc/15751483

“Hexam, Go back to your posts around 31st October, both of you were claiming this is doomed.”

You really do seem to have a problem comprehending properly what people write.

There is an official RNS - just not from ARB who may have been caught unawares?

“This maybe good in the short term to preserve cash”

How does it do that???

I can see no reason given but that’s a fair shout as there is nothing new in the latest RNS and it doesn’t look to be at the company’s request.

Hopefully PW will comment though he’s been particularly uncommunicative of late.

I’ve explained clearly why I am still invested PI - if you couldn’t make sense of it then maybe you are illiterate after all - especially as you are also claiming HC said something that he certainly has not.

…but hopefully not indefinitely.

Definitely suspended I’m afraid.

So is the suspension positive too PI?

“have of the investors here are illiterate”

Priceless

I think anything above 185 would be an improvement on October given the increased difficulty and shorter month. Step one though is getting an update at all and key thing will be anything they say with it rather than the mining numbers.

And certainly shorts won't want to get stuck in any suspension, so some closing is a plausible reason for the unusual price action at the end of the last couple of days - but I'm sure there are others.

Whatever happens tomorrow morning will be interesting - even if nothing happens.

“hope you and the family have a good xmas”

Cheers Bonkers, you and yours too!

Haha - thanks Bonkers, and yes the board is 'challenging' at times. There is still a bunch of decent people posting here though, with good insight and tolerance, and thankfully far fewer trolls than there used to be. Unfortunately there are now plenty of crazy rampers around too - though we didn't used to be short of those either (who could forget latpulldown who would never hear a bad word against CINE and kept encouraging us all to go to our local CINE and eat tons of popcorn - until he suddenly said he (and his family by his command) was boycotting them!

At least the extreme rampers then had a bit more clue whereas now it is more the sort who are just bottom feeders flitting from distressed share to distressed share with little knowledge of the company, its finances or the industry in general and who specialise in half-truths or outright lies (at least Magmanus is busy elsewhere now though).

I just try to be objective as I simply think that's the best way to look at investments. If others don't like that then so be it, I'm more interested if someone challenges what I actually say and with a good reason as I'd rather be proved wrong and gain a better understanding than thought to be right when I'm not.

Btw maid, I think you missed a 'Z'.

I think $5k for 2-3 years may leave even the best struggling. That takes us past the next halving and means total industry revenue (I think) of just $800m or so a year - so a maximum average of $200m each for 4 miners. In reality it would be much less than this but maybe that would still be enough?

Also though, at these levels, would anybody be able to make machines cheap enough to be able to make a decent profit? Would ATMs be able to attract enough money? Suddenly HUT8's HODL policy will look misguided (it's their main attraction - it's certainly not their efficiency). Will the sp hold up even if the financials do look ok?

I do think we are agreeing, it is just that every model has a breaking point - we just maybe disagree on where exactly that breaking point might be.

Anyway, I think we are almost talking in the abstract now and indulging a bit in flights of fancy.

Bottom line is that 4 miners at least look in a strong position to ride out any 'reasonable' storm barring major unforeseen events that either hit them individually or collectively.

I think we're actually agreeing - at least in the short term as the next halving could shift the goalposts considerably depending on what BTC price does or doesn't do.

I agree the dynamics of price and difficulty should provide a decent cushion for the better miners but when I said 'collapse' I didn't mean just falling to $10k!

I agree, I'm not worried much about Hut8 or CLSK, and RIOT and BITF would be the next two on my list if I was thinking about more.

As you say, new entrants are a risk - especially picking over the carcasses of the first fallers.

Main concern is if the 'band' snaps because of (or helps lead to) a full on BTC collapse. I'm not idealogically wedded to crypto nor a prophet of its doom. It could go either way as far as I'm concerned but I think it only needs a modest BTC recovery for the stronger miners to flourish. Still, I'm not betting the farm on it.

Oddly, at the moment the next reset is expected to increase difficulty by over 7%. I know we are less than 20% through the latest cycle but it's strange nonetheless and makes it hard to predict anything with confidence. It just feels like the whole mining industry is an elastic band being stretched increasingly and we're just waiting for it to snap.

In the meantime I'm sticking with Hut8 and CLSK to be among the survivors - to go with my longshot ARB who are drifting somewhat further in the betting...

Cheers James, appreciated.

CINE have just made their fourth request for lease rejections for "unprofitable, underperforming, or otherwise undesirable theater locations".

The previous three have resulted in 28 lease rejections and they are now seeking a further 23 which would then in total be equivalent to about 10% of their US sites.

They expect the latest bunch of rejections (if all granted) to save around $15m p.a.

Relatively small in the scheme of things but it all helps and good to see them getting their house more in order for whatever comes next.