GreenRoc Accelerates their World Class Project to Production as Early as 2028. Watch the full video here.
Heathrow 3rd runway to be approved tomorrow.
Air Partner (via Redline) were involved in the consortium initially before it was declined initially.
I'm in with 30 million exactly.
The expectation from holders here is that this share should outperform the BTC percentage rises. ARB will rerate, and when it does we'll all be smiling.
A 30m mcap for a company producing circa £1.8m mining revenue and £1.2 mining profit per month at current levels (by my calculations) isn't sustainable for long. When the herd arrive - and they will - and the institutions get on board (as trust levels in crypto rise) I suspect we'll be some way north of 20p.... And that's if BTC levels around $19k USD, which we all know is unlikely.
Factor in the very real possibility of a takeover (check out our history with HIVE) and/or a US market listing and all bets are off.
Sometimes in life you have to take calculated risks - there are no guarantees with BTC... But the risk vs reward is weighted the right way IMHO.
Really interested to hear about the email responses Neil N and Pike have received.
Holder of exactly 30m shares here.
Could be a nice opportunity to top up or trade on Monday morning first thing.
I've noticed the MMs don't seem to gap up the price first thing, it tends to move with supply and demand - we closed around 10.3 on Friday, and BTC is currently 19200 (so around 10% up from Friday lows...)
Could be a nice opportunity if BTC holds until 8am tomorrow (or pushes on..)
SP should certainly be 11.5p at current levels - I think there's 10% profit tin a trade (probably wiser to hold..)
18500 will see ARB just under 11p.
It's all much of an irrelevance though - BTC north of 20k a doubling our hashrate and subcontracting machines in the next 6-10 weeks will see us closing in on 20p before you know it..
And that's before you even consider the possibility of a takeover, dual listing or further investment into hashrate..
https://www.microstrategy.com/en/company/company-videos/microstrategy-completes-650-million-offering-of-convertible-senior-notes
Now completed the offering...
"MicroStrategy estimates that the net proceeds from the sale of the notes will be approximately $634.9 million, after deducting the initial purchaser’s discounts and commissions and estimated offering expenses payable by MicroStrategy.
MicroStrategy intends to invest the net proceeds from the sale of the notes in bitcoin in accordance with its Treasury Reserve Policy pending identification of working capital needs and other general corporate purposes. "
Abuse - lovely! Thanks for that.
For clarity, I'm no longer a holder here, but was thinking if taking a position..
If you're not worried by that funding part of the RNS then you're very, very naive.
Nobody else picked up on the last paragraph?
Sounds like rms need funding from "somewhere"...
I'd be very, very cautious until these jokers are producing masks and making money.
Gross profit of 23.9m in 2018 and 28.2m in 2019.
Successful business model, SP was 485p in June 2018.
Buy these shares, lock them away for a year, then come back and count your profits
So Align, HSBC and a director have all recently bought shares (since it was announced Ascent were looking to settle out of court)
Cant see any immediate downside.
Buy.
Thanks for the update Neil.
Having read it back a few times, I do get the feeling this could be related to TILS/Accustem.
Purely on the basis of 'one thing needing to happen before the other' basis. I'm sure you wont comment either way (even if you were to know), but TILS have recently said Accustem listing is early 2021... Having initially been Q4 2020.
As I've said before... Who knows.
The stock is suspended....
Apologies, you're quite right. It's now back at October levels, but yes, the whole of November was 10-15% easier to mine than October. Apologies again.
I'd still be over the moon if we can churn out £1m frkm Novembers mining - I think that sends a really clear signal to the markets.
I have no real grasp of P/E vs mcap... But surely a company producing £1m profit a month that is forward looking and has major contracts for hashrate improvements and off-take contacts in 2 months time (and could feasibly produce 1.5-2m profit a month based on those numbers) looks cheap at a 33m mcap?
And that's supposing BTC sits around the $18-20k mark...
My thinking is that we have mined slightly less BTC, due to losing 85 petahash (around 10% of our previous mining power) during October. Mining difficulty also increased vs October.
However, given that the machines that were decommissioned were those that were not efficient, you would expect an small upturn in margin. Combine that with around a 35% increase in BTC value between October's average and Novembers average should give you some pretty rosy figures.
I wonder if argo will have decided to sell any of their inventory BTC given the increase in price?
My predictions for December:
110 BTC mined
£1.7 million revenue
Margin 60%
If this December update translates into a company that is generating 1 million pounds of profit a month, it may then swiftly move on to the radar of the herd.