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Brilliant. So this will be the last time you post here then yes?
K3VMC, packing receipts. hahaha! Spin that, Spinvet.
It's easy to make money when you already have lots of it.
So I'm told.
It means someone is having one hell of a Christmas this year.
It wasn’t the all caps I had issue with, rather your baseless suggestion of insider dealing.
Can you link me to where any has been alleged?
'And_its_gone' - what made you type INSIDER DEALING in your all caps post title when no such thing has been alleged?
Pretty negative implications for anyone glancing in don't you think? Strange you would post it if you were invested.
Looks like he's been binned by admin, certainly all of his threads from today have gone.
Skymonkey, there's a fella by the name of Mike Wainwright who very kindly keeps a track of and publishes the funds buying/holding Argo.
https://twitter.com/mikk2k2/status/1446470976120688672
Ok, I got my page numbers a bit wrong, but I just found the post from yesterday by zydecoco....
"Final prospectus shows how the net money raised will be allocated for spend.
Page 11:
Estimated amount of Net Proceeds £84,269,294 being the equivalent of $116,342,188 (based on an exchange rate of £1 to US$1.3806).
Page 65:
The Company is currently developing a new 200 MW mining facility on the newly acquired land.
Phase 1 of this development is currently in progress, comprising and expected to be completed in the first half of 2022, and includes the electrical interconnection, infrastructure and machine hosting facilities that are expected to support 100 MW of power capacity using immersion technology, at an estimated cost of $50 million.
Phase 2 of this development, which is expected to be completed in the second half of 2022 and is expected to support an additional 100 MW of power capacity using immersion technology, at an estimated cost of $30 million.
The costs of these facilities have been covered from the Company’s existing cash resources and the net proceeds of the Fundraising.
These estimates do not include the cost of the mining machines that the Company will operate at the new mining facility.
Page 88:
The Company anticipates the Net Proceeds being used, in the following order of priority, as follows:
Partial repayment of the New Galaxy Term Loan. £18,108,069.
Development of Texas facility. £60,000,000 .
General working capital working capital and general corporate purposes £6,161,225 (including for the purchase of new machines), possible acquisitions that may be identified following the date of this prospectus and other incremental?growth, including investments in DeFi projects and other initiatives.
The Company anticipates the above net proceeds will be deployed as to the partial repayment of the New Galaxy Term Loan by 29 October 2021 and as to the balance within 12 months of the date of this document.
https://argoblockchain.com/wp-content/uploads/2021/09/Argo_Final_Prospectus.pdf
Good on you for acknowledging it. Fair play.
Someone yesterday posted a couple of extracts from the Prospectus that was released which detailed exactly what the plans were for the proceeds of the IPO.
I can’t remember who it was, but for some reason I recall the extracts came from pages 11 and 83 if anyone wants to have a look before I do when I’m on a computer not my phone.
Except you're comparing apples with fish.
ARBK at $40 is still only $4 per individual share
Dack, and if I follow your link right this minute I'm seeing $15.87, no wait, $15.88.
So by your guide, that's rising.
Right this minute, nothing more nothing less. Pointless .
licking his stamphole
Well this aged well…
“ Buster_Pila
Today 06:51
Price: 157.00
£1.10 to open. I did say a while back that Wall would screw existing shareholders”
So many derampers, shorters, bedwetters, and idiots.
Isn't the consensus that we are being held below a a $700M MCAP for the purposes of the Nasdaq IPO?
Yes, enjoying the rebound there, and wishing I'd sold at £2, bought back at £1, sold a t £1.50, and bought back at £1!
I'm sure some clever sods did!
That is pretty cool, I'd not come across it before.
Did you get one?
If it's Tuesday at 6pm then it's a great incentive to get the monthly results out before then isn't it.
Bitcoin gets forced down at the end of every month though doesn’t it. All to do with the futures expiry.