Member Info for K3VMC

calamari

“ Dilution, dilution, dilution. When's the next dilution?
That sounds exactly like ARB.”

Well, we all know that Peter looks after Peter, don’t we? Zero chance he will dilute himself, so I will start worrying about dilution at about £1.50-£1.70.

Don’t let me stop you trolling though. I’m happy to buy lower.

TIA

flowerpot999, ah ok. I’m not interested in any other miners. I like Argo’s relationships with ePic, Luxor and especially, Pluto Digital. They are up £16m (6x) on early stage projects as well as undisclosed profits from selling coins. That’s in about six months. Plus, their YopFi project sounds amazing. I still think a PD IPO will add 20-30p to the ARB so in Q1.

PW was bought at £1.32. I’ll be buying all the way up.

flowerpot999

Well, ARB has been heavily traded from mid 80s to just over £1, but it was time for that pattern to break. The sp was too low going into the holidays, plus it was time for a btc rebound. Now ARBK is equal to £1.10. I may be wrong, but I think most traders sold in the 90s last week. I was buying everything I could.

But it wouldn’t have mattered if I was wrong and the sp came back at less than £1.10. I’m not expecting a massive raise in Q1. I am expecting Pluto Digital to IPO in Q1 and I expect most will be amazed at the valuation. I also expect Argo to have traded alongside Pluto and to add those profits to some good mining results

In short, I’m buying.

Nara

“ Meanwhile, in the States, Marathon, have just raised for the third time in a year,”

So that’s dilution, dilution, dilution. When is the next dilution?

No thank you.

Safety, there’s always one.

ARB was £1.23. Just saying.

ps Happy Christmas

All that money, not spent on expensive family holidays, may as well be spent on glamming up the bathrooms and kitchen.

flowerpot999

Maybe he just leases miners? That’s in his MO, yes?

Hexam

“ K3, confused by your response as my answer was I don't care much how they fund it as long as they do. So I'm not as stressed as those asking the question but I recognise how important the question is to some - and it usually doesn't get answered.”

Ok, so you aren’t stressed, but others are. My message remains the same. Also, it’s BECAUSE some people are concerned, rightly or wrongly, that others raise those questions, regularly, for FUD purposes. And yes, the funding questions NEVER get answered, because Argo will use whichever levers it chooses to, as PW keeps telling us. No point in seeking funding questions on a bulletin board, when they can only be answered from the boardroom.

“As to the current revenue and HODL that's all very well but shares aren't valued on current assets or earnings but expected future earnings - and that comes back to the expansion question.”

Ok, so you think $120m isn’t important to a company valued at $650m? Or that current annualised revenue is 20% of mcap? Really?

What expansion question do you have? Did I miss that?

AB, is it my imagination, or did PW say they had a team restoring old miners (S9s?) for use under immersion? There are probably thousands of machines mothballed because they aren’t efficient enough. Not only cheap, but probably available in quantity and at short notice.

That really would be smart growth! All they care about is ROI.

Hexam, PW has said, many times, that he has three levers - selling btc, debt and dilution, and that they will pull whatever levers are deemed appropriate at the time. You should just let him get on with it, given that you understand the benefit that additional finance will bring.

You can’t influence what he does, so why would you stress over it? Instead of dwelling on what funds he might have to find, when and how, why not focus on the $11m+ revenue for December, or the $120m hodl?

It’s Christmas, or “the holiday season”, just in case I offend anyone’s sensibilities. Have a few days off from doom and gloom?

talkinaboutWillis

“ The FUD spreading about potential funding seems to overlook the fact that a raise will MUCH more likely occur when the sp is healthy again, at 150-200p perhaps.”

Director buying at 132p reinforces that view. PW isn’t about to dilute himself. Too smart for that.

Anyway, just the Pluto IPO will add 15-20p to the sp and that can be in Q1 2022.

Again all imho.

How will btc trade in the next two weeks?

4 weeks ago, btc was $56k and the sp was 130p.
2 weeks ago, btc was $46k and the sp was 104p.
Now, btc is $51k and the sp is 100p.

I think btc would have to have a total meltdown, to drop the price from here, so imho, the risk reward ratio is heavily weighted towards reward.

DYOR.

I think a lot of the penny flippers were waiting for a drop into the mid eighties, so they may have flipped off elsewhere. Tbh, I wouldn’t have minded a chuck of profit while I’m waiting here, but I’m not that quick!

Things will soon liven up here if btc keeps edging up, although I still can’t understand why buyers aren’t all over this now!

Strip out the $120m hodl from the mcap leaves about $500m.

December will be another $11m+ revenue month at a mining efficiency of 85%. Of course, Helios has, has had and will have an asset value, but who cares about that, when Argo is churning out btc, as well as holding 25% of Pluto Digital?

28

Yes, quiet here for now. I know I’ve posted this over there, but fyi, we were offered 10p for Pluto shares round about June, but nobody I know took that deal. I thought maybe I’d made a mistake there, just because I thought the company was very being very quiet, but it’s been tweeting like crazy in the past 5-6 weeks and their update was brilliant! They 6x on their crypto dealings doesn’t account for their sales of crypto, which were done at much higher valuations.

We were scaled back 80% in the 6p placing, but PIRI and RGO let’s us up our stake in Pluto, effectively. Can’t wait for the ipo now.

MIB, you are well-placed to make a more accurate assessment than most and what you say makes a lot of sense.

JAMESY1980

“ What is the point of valuing helios?”

I agree with you. No point. As little point as estimating the scrap value of an Aston Martin.

ARB will be megatastic. Take it or leave it, but it’s going to be huge. Imvho, of course.

Posted by Future Wealth on the RGO board.

“ The value of the listed tokens has increased by an average of 600%, this means that the $2.6m invested value into traded tokens is currently valued at circa $16m.

Summary of some of our best performers this year:
• XCAD 10c to $6 = up 6000% from price invested (down 30% from peak)
• Sidus Heroes 0.18c to 6.8c = up 4000% from price invested (down 40% from peak)
• GGG 20c to $4.50 = up 2000% from price invested (down over 70% from peak)
• UniX 4c to 60c = up 1500% from price invested (down 60% from peak)
• Splinterlands 1.8 to 21c = up 1100% from price invested (down 80% from peak)

We also own a significant number of NFTs, some of which are connected to the gaming projects into which we’ve invested, others being from either PFP or the wider Art space. This portfolio has also performed very well, particularly those projects acquired during Q2 such as Bored Ape Yacht Club (BAYC) where we picked up 5 in the series in the 1 ETH to 5 ETH range. These now have a floor of over 50 ETH each.”

So, $2.6m to $16m (after crypto pullback) but that doesn’t include the crypto they sold as part of derisking.

Ah, right! So you are all talking about Covid?