Member Info for jabberba

Billfunk1. Thanks for confirming my really conservative figures!

Well whatever your price predictions for bitcoin we are seriously undervalued. I think a re rate is underway just because we now a cash generating business as opposed to a loss making business. Big difference.

https://youtu.be/4HGU4afM2iE

Splatter. I have put several different forecasts below. They are not my forecasts but I don't disagree with them.

We have just been through a halving and increase in mining difficulty. Income has remained quite stable.

https://youtu.be/4HGU4afM2iE

https://youtu.be/b2oT1hyVw58

It means Arb will be paid 100x for each bitcoin mined. Obviously that's assuming it gets there but most advocates say this is conservative.

https://youtu.be/YdfH3F4ZDhc
Bitcoin is going to revolutionise money.

Put it all together and you get;
£20 million x 3 x 100 equals £600 million. And that's before any further machines are added.

Multiply the turnover of x 3 to give a conservative £60 million.

During the month of June, Argo mined 180 Bitcoin or Bitcoin Equivalent (BTC) compared to 252 Bitcoin Equivalent in May. This takes the total amount of BTC mined in the first six months of this year to 1,669 BTC. Based on daily foreign exchange rates and cryptocurrency prices during the month, mining revenue in May amounted to £1.41 million (May 2020: £1.93 million).  Argo generated this income at an average monthly mining margin of approximately 27% for the month of June (May 2020: 34%). 

Take an average of £1.65 million gives you annual turnover of £20 million

https://youtu.be/YdfH3F4ZDhc

There's your x 100

Which "silly number rampings" would you like to dispute?

What's different now is that Peter Wall has stated his growth intentions plus the new appointment endorses that.
Then bitcoin has traded outside and above a narrow triangle wedge suggesting bitcoin is poised for a break to the upside.

This share is soooooo ridiculously undervalued.
Annual turnover is £20 million giving a conservative mcap of £60 million.
If they buy more machines which they say they are then that's more upside.
If bitcoin goes up in price as predicted then you can multiply those figures above by a further 100.
Literally with a few grand you are looking at a million pounds. I don't understand why people are not getting what they have invested in!

Peter Wall, Chief Executive Officer of Argo, said: "Argo continues to progress its strategy to be one of the world's largest and most efficient publicly-listed cryptominers.

Revenue greater than gfin

https://youtu.be/YdfH3F4ZDhc

X 100

Argo x2

= x200

This share is bulletproof! It's making solid cash month after month. The uncertainty in the bitcoin price was the only thing weighing argo. Now there will be a pullback in gold and bitcoin is going to take the slack. Long term price x200