George Frangeskides, Exec-Chair at Alba Mineral Resources, discusses grades at the Clogau Gold Mine. Watch the full video here.
Question- why when Arb hodl around 1/3 of MARA and produced close to 1/3 coins MARA did in March is Mcap around 1/6 of MARA?
163 Bitcoins - ok. Improved bitcoin margin at 74%. Fibre connection to Helios sounds important - is that new news? Most importantly Helios on course for Q2.
One thing I don’t get is the unfavourable bitcoin movement. How is this calculated as I assumed it was closing price on last day of the month, but that looked favourable to me?
It would be nice if we could at least get back to somewhere around January's haul of 172. At least March closed up on Feb so there will be a decent inflationary bump on the hodl as well.
The 8th is the latest date we've seen a monthly update published for some time. Hope there is some meat in this one around expansion progress, timescales and even better - machine purchase.
This is where Argo’s stakeholder engagement and community work (that swimming pool) will show their worth!
Any views on this: https://twitter.com/HiveBlockchain/status/1509168942920740876
Obviously Hive’s analysis shows them top, but Argo bottom of these 8 on production per EH??
There is a huge amount of ignorance around crypto in relation to green energy use. There is a practically unlimited renewable energy potential. There is also a massive gap between peak and average use in electricity grids across the world and limited capacity to store or convert unused energy. If we were turning most unused renewable electricity into hydrogen fuel then the arguement that crypto is displacing existing demand would stand, but we are turning off generation regularly. Crypto is potentially a great way to fund renewable investment and has the added benefit of being interruptable for extreme peaks in the system demand which is manna for the network managers. The biggest barrier for using crypto to drive and fund renewables is the long term uncertainties. Many speculators like us will see a long term demand whether it is bitcoin or whatever comes next, but energy investment is often looking at 20 and 30 year returns and energy companies are not generally speculators. Ironically the ignorant greenies are adding to the uncertainty and playing against these potential benefits to drive renewable adoption. I would like miners to consider investing in green upstream energy to counter this risk, but large investments with reliable but slow long term returns isn't synergetic to most business plans.
I have continued adding CARD with multiple purchases below 50p. I see no reason that they wont continue to draw down debt rapidly. Whilst inflation tends to put pressure on the bottom of the market, margins are big, less affected by oil price and logistics issues than most, competition are closing physical stores regularly which is naturally growing card market share and CARD’s online offerings offer potential for further growth. 2022 EV/R could be around 0.5x which seems very cheap to me. Not sure why SP remains so low. GLA
ARBK and Bitcoin rising and ARB ticks down 0.5p :(
By my crude logic - averaging 170 bitcoins a month times the current price is around $100m of production per annum with impressive margins - That is the here and now for me which is generally accepted to be below par, but still mighty impressive. Helios growth and Bitcoin speculation must be worth more than the current Cap here...?
Aye pushing 82p across the pond... come on ARB.........
Looks like it will be a nice day percentage wise, but it would be so much better if NASDAQ could heave us up to finish in the 80's and say goodbye to 70's, peroid. A March update, even with a low (but hopefully less crap than Jan/Feb) haul and a decent update on Helios could give this a real leg up. GLA
Over 75p on Nasdaq. Shame I can't buy on LSE and sell over there :)
What about Sphere 3d's 26eh plans. It's still sitting with a cap of little over $100m usd. I know credibility of plans will factor.
I'd take 172 for March given Jan/Feb returns.
I think we are all (or mostly) here as we see the next 6-18 months as very exciting, but it is hard to get away from the fact that the current MCap is very disappointing and I suspect that ARGO feel this way as much as us. Unlike many industries the market currently seem to value the here and now much more with miners than forward projections. Any thoughts on the potential haul for March? would be nice if we could get back to something like 180 to set up some form of platform?
First time I've ever agreed with Chuz - this is 'MEH'. On one hand it's great seeing new machines delivered without dilution, on the other I had not anticipated Helios capacity offsetting existing capacity. I remain confident that ARGO will have the right long term plan, but I would like to have seen something more exciting being projected in the next 3-4 months.
Mark - whilst I understand your moral dilema, some of us have been invested here for a long time and part of my reasoning was always that we would need to improve energy self sufficiency. Putin is simply demonstrating why. You can't second guess a full blown looney, but our government and others should have been better prepared in this sense - the world relying on Russia was never going to go well indefinately.
We all know that intel will sell to anyone who is willing to pay, but for me the point is that huge demand for silicone chips is driving up prices and pushing out lead times on all chips and this is the main bottlekneck for mining machine lead times - Intel naming ARB must be a leg-up the queue at the very least.
A truly terrible month - just about as bad as I could have imagined. That said, almost £3m gross profit from mining in the month with low end bitcoin values and reason provided for the drop, reinforces my view that it is way undervalued. Far more upside than down IMO. GLA
No surprises in there really, good or bad. Cash up whilst making significant capex reinforced my view that this is self funding energy transition play. A little disappointed that the update didn't play on the current energy market opportunities as they do seem to be significant. Not leveraging the Ukrane situation is classy, but the appetite for any form of energy self sufficiency and the general demand situation for hydrocarbons could have been utilised. Some timescales around geothermal options there are new to me so I suppose that is a form of progress. We need Boris to push councils who are dragging heels on planning decisions for many energy proposals as the governments did in the past with Wind IMO.
Can't help feeling that worst case financing options are already priced in. I'm hoping that machine acquirement may take a number of forms, Debt, JV, selling Hodl. Like most holders dilution would be my least favourite option, particularly at current MCap.
Genuine question though - if ARB announced a £200m RI or placing, would the resultant company not be worth much more than £0.5b assuming the machines can be delivered and operational reasonably quickly? I know this wouldn't fill Helios, but would it be that bad once the dust settled and investors realise hodl remains intact and growing?
Agree'd - good business, good product, strong brand. I expect £30k is a decent amount for a CFO in a company with an MCap <£100m.
Once logistics issues settle down, this is a strong long term proposition.