Member Info for JAMESY1980

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.

ARBK up 6% pushing 69p.

Topped up at 0.475. Gotta be cheap at this price. Any reason why CARD won't continue to draw down debt accumulated through covid at the rate they have so far?

I don't want to be spending on rebrand. What about IG energy? We could do that with some tipex.

Potential moto -IG - taking the as(s) out of IGAS...?

US are waking up (literally) to cheap bitcoin and gobbling it up. $38.7k.

Yeah Danno, this is looking good - going like a train on very little volume. Could really take off with some positive news. Looks like someone buying in chunks today, although recorded as sales here, it's clear from the spread they are buys.

Pennylots - I see Igas a self funding energy transition play. There are many startups with exciting prospects, but they are too much risk for me as many have little income, could require significant funding and may not turn out to be the answer. Igas's core business is performing fine, and they have done well to reinvent themselves after getting fingers burned in fracking moratorium and straighten up their balance sheet. Lots of scenarios where this could take off and I can't forsee too many where they tank significantly so it's a good hold for me.

Started buying around £1.14. Current Average £0.83. I wanted some crypto exposure, but somehow this has turned into my biggest holding. The fact that bitcoin exchanges run 24/7 is not good for my health! GLA

Pleasantly surprised with the SP today given Bitcoin's movement overnight. Bodes well for ability to catch the wave on the next surge (Fingers crossed).

ARBK nearing 10% up today.

Bitcoin robust overnight and intel news taking time for investors to realise value and significance. GLA

Is ‘Putting’ invading your local crazy golf course?

Muck - I sincerely hope we made enough profit to trigger a windfall tax, but I doubt it.

Some more rumblings about challenging the fracking moratorium which can do Igas no harm: https://www.morningstar.co.uk/uk/news/AN_1644747339812378900/frost-leads-tory-revolt-against-uk-governments-fracking-ban.aspx

Who cares who the best miner is? Argo are currently the most undervalued so therefore have the best short/medium term potential. DYOR.

ARB should be higher now. ARBK closed at around £0.825 yesterday and Bitcoin is sitting higher now and banging its head on $45k. I suspect that Bitcoin will push through $45k once Nasdaq opens. It has settled into a trend of rising through their working day and tailing off into the evening and through the night.

Wow - just topsliced at 75p. Hadn't expected quite as rapid a recovery, but this looks great.

Yes - but my point is that ARB is down less than most since Bitcoin peaked. Change the timeframe and the winners/losers all change places so narrowing measure to a single timeframe is prejudicial and narrow.

Who chose the 24th for this comparison and why? Agenda?