Member Info for JAMESY1980

Not sure you understand this game mate.... payment for your sold shares have nothing to do with ARB.

Thanks Chaebol. Although I believe in bitcoin, I’m still feeling cautious. My position on MARA remains the same, if I was ultra bullish on Bitcoin, MARA would be the choice as hodl and capacity would outweigh concerns over debt and efficiency. I’m however happy to offset some potential upside to manage these risks. Mining is challenging business to value with so many unknowns which can fluctuate wildly and the halving to consider, but there is clearly still a lot of potential. If there is no pullback to entice me back to my chosen miners quickly I’ll do some number crunching but my gut would point me towards using $40k bitcoin at halving as a cautious comparison point. I’m also keeping an eye on Argo for any signs of a credible plan as I believe they will make it ultimately in some form.

Sold all my RIOT and more than half my CLSK on Friday. Hoping for a pull back before bitcoin takes off but happy I’ve more than made up for ARB losses. Nice week. Enjoy your weekend all.

Wow - well done to everyone who bought or kept the faith through the 6's and 7's. I note that Anthony Power had ARB's direct costs as being competitive which is reassuring. I still don't see a route back to growth just yet, but I would like to get back into ARB if for nothing else, to avoid the currency costs with the american miners. GLA

Chris - Agree with your view that there is no obvious route back to growth for Argo just now, but if we were to assume a reasonably bullish bitcoin value, why would you think it is a winner takes all market? I would have thought that any miner that can keep production costs down and overheads proportional to business size would have a decent chance of continuing profitability? Alternatively if we hit another winter, it will be all about cashflow which although linked to costs will put a big focus on debt obligations. I see CLSK doing comparatively well in both scenarios which is why it's where most of my exposure is, however MARA is much more geared towards doing well against a bullish bitcoin.

I don't understand the view that miners should prioritise hodl... If that were the case then why shouldn't they invest capital in buying Bitcoin rather than increasing capacity? To my mind - if increasing capacity isn't a better option than keeping the Bitcoin then whats the point in mining? I know there are lots of models between 100% hodl and flogging 100% but I'm mostly in CLSK which are closer to the latter?

Wasn't saying Riot was debt free but I'm much more comfortable with all their debt ratios over MARAs. They could settle debt tomorrow with hodl, not that I'd want them to. If bitcoin hits $100k next month we'd all be laughing but I accept MARA would be a clear winner.

MARAs fundraising was pretty impressive and gives a significant amount of breathing space however a depressed bitcoin price could put pressure on all the miners to pay the bills and I'd assume note holders would not be thinking of conversion leaving a hefty bill on the horizon for MARA. Knock-on risks that Mara would be forced into selling chunks of hodl to pay the bills, and even some form of distressed fundraising.

I hope none of us get there, but ARB has made me cautious around my crypto investments.

I always use Enterprise Value (EV) to compare most companies. $2.3b vs $1.6b Mara/Riot. The difference feels about right to me. Mara's debt increases the risk significantly but also the potential reward. I'm in RIOT and not MARA as getting burned by ARB in the past has made me cautious of mixing debt with crypto, but i recognise that if Bitcoin appreciates the way we all hope, Mara will be able to pay down debt with their hodle much more easily than RIOT could buy back a chunk of the company as it would then be trading at a significant premium. It comes down to risk appetite at the end of the day. There are lots of crypto scenarios in which MARA could have to sell Hodl into a depressed market to pay down debt and Riot could win. CLSK is my biggest miner holding just now though $0.35b EV minimal hodl but minimal debt and impressive growth profile.

First position here in some time with a buy order just below 0.80 this morning. One thing is for sure, it's not going to be a quiet week or two.

Made 4 seperate purchases here this morning to take up my first position here in a while. All 4 show as sells. I know this is common, but just making the point that a lot of yesterdays sells may not have been sells at all.

@BP - When did Argo have a stack of coins and no debt? Genuine question...

Think you'll find that ARB is a bit higher YTD.

https://www.youtube.com/watch?v=nXzCTR7OtQk

Sorry to be lazy, but what is the cash position here and how significant would a raise likely be?

Anyone got thoughts of the company's longer term potential beyond AIHL? Assuming an optomistic scenario with successful roll out worldwide is it likely the hardware could be utilised or modified for other genetic tests?

To be fair it says mining ‘Profit’ so it should still report production? Maybe this will allow quicker reporting as ARB was regularly last out. Anyone else think that this suggests to PPA for at least a couple of months?

How long does it take to publish monthly mining figures? Many miners publish them on the first working day of the month.

What about a well done to LTH's who've held through that low point? I had pretty much given up on seeing my significant stake back but decided to hold for broke. I am selling into this rise and even though I'm still around 35% down, I'm over the moon. I feel that Argo is a victim of external factors and poor timing rather than mismanagement and wish investors and the company all the best, but I see better value in other listed miners from this price point. GLA

Largely agree with your summary HC but I think you disregard the third potentially pivotal factor after funding and bitcoin which is energy costs. Unlikely to solve cashflow problems alone but any movement on securing an energy contract or even reducing downtime wo7ld be welcome and may boost funding options.

Some signs that they are moving in the right direction - texas futures near the end of this lengthy document look to be approaching April levels: https://www.constellation.com/solutions/for-your-commercial-business/energy-market-update.html

Fingers crossed.

Relatively insignificant volume, but appears to be little appetite to sell at these levels which is a good sign. GLA