Member Info for jayblu48

General admin expenses were down almost 30% so not too bad

expect some compo or discounts on new machines "Argo is in discussions with Bitmain and our host to address the impacts of this situation."

sorry, should be own some DOT and mine zcash

on 16th March could buy at 2.8 so price has doubled since then, also costs do not go up in line with rise, once above $6.5K odd mining costs it is all gross profit, we also mine dot and zcash, if BTC reached $21K this will be a lot more than 11.5p, read back on RNS for info on mining machine purchased, maybe ARB isn't for you, good luck

HaHa - all down to leverage, if/when BTC goes to $20K that's 100%, would expect this to multibag if/when that happens

they do have 3,000,000 options each at 4p

I was told by my bank that HSBC/FirstDirect are not enabling any buys of ARB at the moment due to illiquidity, but they will allow sells, maybe you should contact them and see if you get the same answer, all a bit strange considering they are LSE listed.

currently NT to sell and 2.11 to buy

turns out I can no longer buy shares through HSBC/First Direct due to "illiquidity" of stock, although I can sell. Crazy for a LSE quoted company, will have to find another broker GRHHHHHH, any ideas?

I think Visa will battle it out with PayPal, but both will have to be realistic about cost to consumers. All good for giving the general public confidence in BTC, so good for ARB.

From ARB website - The Company’s equihash rigs equate to around 5% of the global network mining power of Zcash. Our Zcash mining operations currently represents around 20-25% of our total mining revenue and contribute to our monthly BTC equivalents and margins.

Already impacted the price, that’s why you could buy at 2.20 late afternoon, tomorrow is another day

please do your homework on OBC it's directors and a certain ex-bank robber pumper before parting with a penny

re reported, it was an idiot spamming all the boards about another stock

yes, just tried to buy and NT

At 31 March 2020 cash holdings were £5.2 million and at 30 July 2020 were £6.4 million after £1.3 million scheduled reductions in borrowings

29th July - (Bloomberg) -- Federal Reserve Chair Jerome Powell warned of the most severe economic downturn “in our lifetime” .

WHat is the point of incentivised options if they can change the goalposts, they can’t lose. Still think this will work out in the long term.

Yes, the buck stops with the CEO, LTHs just have to suck it up and wait and hope it returns to the levels they bought they don’t get the chance to change the price they bought in.

when companies reward their employees by rewriting their options at a lower level as an incentive so they don't have to worry about the fact that they devalued the company by 80% of their original option price.