Stephan Bernstein, CEO of GreenRoc, details the PFS results for the new graphite processing plant. Watch the video here.
I think you are right.
MATD handed its submission in and had to refine some of it. If I recall the government committee meets once per month some time during the first 10 days. We would have missed the early June meeting as the deadline for submitting documents to the meeting would have been late may. On that assumption we should hear something in the next 1-2 weeks following the July meeting. If not, then an update from the company will be needed to clarify proceedings as the amendments MATD were required to submit were fairly minor.
PW has stated on many occasions that Argo is a blockchain technology company and not just a miner. Eg Pluto investment as a start.
On the subject of mining, he is open to mining any coin if the ROI stacks up.
Peter Wall is dammed if he does and dammed if he doesn’t. Peter’s form to date is to announce things out of nowhere after they have been completed. Any non delivery of Argo is laid at his door even if there were peripheral events out of his control and at the mercy of a third party.
As we have seen, Peter could if he wished announce an intention to list on Nasdaq and say nothing else until the email confirmation arrives. He has chosen not to because if he applied and was knocked back by Nasdaq for what ever reason most PIs on here would blame him squarely (that wouldn’t be entirely fair and why would be put that grief upon himself)
Sit back and wait. Good things will come. There can’t be too many complaints about some of the deals he has pulled off to date most of which were a total surprise when they were announced.
Non execs are supposed to be accomplished executives that have achieved in their career. That way they are able to use that knowledge and experience to provide challenge and oversight of executive board members.
I am not sure how that dynamic works if the non exec has a track record of under / non delivery.
A) This is only a proposal.
B) This I will directly affect the majority that fund US politicians election campaigns
C) US lobbying makes David Cameron look like a kindergarten participant
C) US stock market already started to recover yesterday
In summary, a bump that won’t go anywhere.
I think Blu could do more on the marketing front especially when their investments do well.
After all this company is its investments. Dare I say that if there is positive relating to their investments, should they release an RNS for good measure. (Like an oil company finding oil)
No, it’s not Argo, but attached is a link from a competitor where were happy to announce and report progress. It’s on page 2 of the PDF. https://bitfarms.com/app/uploads/2021/04/2021-04-16__PR-FINAL.pdf (Apologies if this has already been posted here)
I think some people confuse PWs transparency with investor engagement after the event. I don’t recall PW talking about strategic intentions, eg capacity increase, becoming a block chain tech company before it has actually happened. Maybe he is worried about a charge of non delivery being levelled at him if something doesn’t come off.. While some CEOs are all jam tomorrow and no delivery, I think Peter needs to be a bit more transparent about strategy rather than current operations. Markets look forward and I think it would be beneficial.
1) you can’t answer that question until the end of the year. Comparing Arb to BTC today is different to when Arb was £3.30 and BTC was some way below where it is now. The bullring needs to play out more.
2) You can put Arb in an ISA. You can’t put BTC in an ISA
This has been covered previously. The board had a window where their options options became available. So they sold existing shares to buy options at a lower price.
Most people in that position would do the same. Not everybody ties up every last penny into investments. Some people need liquidity for school fees, ex wives or maybe want to buy another holiday home or boat. Peter is still invested maybe now with more shares now than before and also a holiday home on one of the Canadian Great Lakes?
Argo needs to list on the Nasdaq this year during the height of a BTC bull run. They don’t want to do it in a BTC bear market.
Coinbase are doing a direct listing. No IPO process. Shares will go live on Nasdaq and it goes from there. (Same as what Spotify did)
Not sure what freedom24 is promising with regard Coinbase as I imagine the price will immediately rise quickly as soon as it is listed.
I agree, however the Bitcoin hodl seems to matter a lot regardless of how excellent the company is at mining.
I am hoping that Peter has stuck some of the proceeds from the raise into BTC until the time Argo needs to spend it.