Member Info for Just_the_facts

Hereshopin, never even said the word failure in my post, and I am very realistic to the share price of ARB as have been in it for 3 years but thanks for your words of wisdom, have a great Sunday evening.

None Kev, but I don’t need to be an expert to have an opinion on any given specialist field, suppose you feel the IPO was managed perfectly then?

Seems out of his depth, especially with regard to financing and managing the IPO

Hey Mitts
Piggy bank raided, locked and loaded :)

Chaebol
We are only on OTC so volumes are low US in comparison to NAS and the audience is a lot narrower, we need the springboard of NAS to open up new investors and institutions and more than likely raise further funds for the Texas expansion.
As you say you are in at 29p so have x4 bagged, so your holding is in a more comfortable position than most on here.

Some of the criticism being mentioned on here today regarding the land purchase and the cost of making Texas operational I just don’t get, do some of you expect that this 200mw facility can be bought, constructed and fitted out on a shoestring budget??
IMO the land purchase was a smart move, we got prime location, cheap renewable energy with a plug socket on the doorstep, site already approved for construction with the donkey work being carried out by DPN, initial price of $5m in shares so no cash required, progressing upto $17.5m over time for the full site, in perspective, the land cost would be circa 1 weeks revenue based on 200mw of mining in full swing (based on current BTC price) and for the price we paid we get to produce revenue 12 months in advance of the alternative option.
The cost of constructing Texas facility and then fitting it out with mining rigs and infra structure was always going to be a minimum $250m investment and that has to come from somewhere, be it dilution through IPO, funding or loan arrangements, the focus should be on how profitable it will be not the build out cost.
The sooner we get this facility up and running the better with anticipated revenues in excess of $500m per annum, which should give the sceptics food for thought.

Superb summary of the situation AB. Many thanks.

As you correctly highlight, time saved on bureaucratic paperwork for the development will pay off the land purchase cost with earlier access to revenue.

Our fundamentals have remained impressive in the last 6 months even though sentiment in ARB (and all the miners to be fair) has diminished due to BTC retrace, in addition we have been the target of malicious shorting attacks in anticipation of the NASDAQ ADR pricing, the fundamentals continue to improve with added assistance from the China departure hash rate drop.
It is fair to say that recent RNS information and general PR has been poor and resulted in some self inflicted damage but I also suspect there may be some deliberate intention in this.
What we need now is some clear and concise information on the Texas phasing, operational plans and confirmation of procurement and funding.
On face value and from what we know to date, Texas will be a huge revenue stream for some time to come and will set a solid base for this company to grow from.
We have had to grin and bear through it for several months now but I expect that we will start to see more confirmation of plans and intentions start to be released in the run up to NAS listing.
Once we have Texas operational and some of the other ARB investments coming to fruition, I think the share price re rate will be a substantial surprise to a lot of investors.
GLA and ATB

Doubt we will hear any more dribble from Pearls today as will be crying into her SGI annual results, which are a confirmed and official document, unlike the spun liable printed by Boatman.
In the legal issue between Argo and Celsius, Argo are the plaintiff’s, not the other way round as is spun in the made up report and is for unpaid management fees.
The land purchase was not for a baron patch of land, Argo paid value for the location to sub station, and more importantly the progress of development prior to construction which saved valuable time of 12 to 18 months in getting to an operational building, by making this land purchase in comparison to buying an alternative acreage for ‘$168,000’ means that Argo can be mining circa 12,000BTC upto 12 months quicker, so assess that when you discuss fair value of land.

Pluto Digital PLC is correct, as it already has shares in the public domain, they are just not listed on any exchange as yet.

As always, a very sensible and level headed post Hexam.
It’s unfortunate that in this environment there will always be rampers and de-rampers competing for the free money available from the inexperienced FOMO brigade.
If you don’t understand what you are buying into then either go and research it or just walk away, otherwise you are just gambling your money away and the house always wins.
DYOR people.
GLA

The most frustrating aspect for the LTH’s on here (who have a whole grasp on the fundamental circumstances of ARB) is having to listen to the constantly changing narrative of the troll / de-ramp groups whether they are traders or paid.
You know who is a genuinely invested poster because they are consistent and constant in their approach to communicating on this board, certain others only turn up when price direction fits their agenda!!!
For any newbies looking to gain insight in this space I would suggest a quick check on posting history to asses if an individual is credible or not but as always DYOR.
GLA

Lol, think it would be more suited to Comedy Central.

Indeed they are, but all the NA miners forecast orders through to end of next year totalled less than 20Eh and they are still putting the infrastructure in place,
If Texas was available right now for the full 200mw than that would only be about 60,000 rigs.
I don’t think most appreciate how much machinery has actually gone offline

For a little perspective, the network is down approx 80Eh, that’s about 750,000 rigs which will consume 2.5 Tw of electricity.
You don’t just fill the back of your transit, run across a border and plug them back in.
Hash rate will no doubt start to rise again over coming months but there is a lot of alternative infrastructure needed to get back to where it was.

Bit of a bizarre comparison seen as the entire global banking system is digital?
How many people you know keep gold coins under there pillow for just such an event

Very good accumulation of relevant information RC and an oasis of a post in a desert of FUD.

Drlong
“ stop trying to mug of the vulnerable”

I think your the one trying to do that!!!

And pretty much nothing else.
Quite sad really.

Hexam
To answer your question, it’s hard to exactly determine an accurate block release time as the network hash rate is constantly fluctuating which then directly changes each block time so I interpolated and took some general averages, more to provide the theory behind it rather than 100% accurate figures, which is why I tried to keep it to simple averages, I also believe there was a bitmain software update which occurred in June which may have resulted in some operational downtime.
If the general hash rate remains around current levels and difficulty continues to drop then we should have a prosperous month of mining in July.
Thanks

Morning Hexam
I agree with what you say, and for me the little information I get from this board is not worth the effort of sifting through the wreckage of everything else posted.
So going to take a break from it for a few month then maybe have a look to see if it’s improved by then.
Thanks for the chat we have had over recent months and good luck with your investment, you are one of the few remaining I respect on this board.
Let’s hope LSE step up to the mark with moderation as this board definitely needs it.
GL and ATB