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El Salvador will drop $30 in btc to every adult who downloads the nations btc app.

Happy Christmas to all!!

*Campadres

Apologies to CMEU.

Btc legal tender from September 7th.

Andale, andale!! Vamanos compadres!! Viva la revolucción!!

Waking up.

Monkfish6

“ So, do we think this’ll get a leg up after the June trading update given the increased BTC mined?”

100% IMO. I’m surprised the market hasn’t twigged that already, They aren’t selling btc and anyone who is buying ARB now will be looking at the long term prospects for btc, which are phenomenal. Just look at the number of crypto etfs starting up. Pensions companies proposing 5% of total assets in crypto. What’s the next country to go pro crypto? Nigeria buying in would send btc right up.

I’m investing in ARB as a leveraged trade on crypto. We are debt free, profitable, undervalued on our own market and vastly undervalued in Nasdaq terms. MMS are filling orders for institutions on a daily basis, as Mike Wainwright is keeping us up to date. Don’t expect them to be moving the price up for distribution until we get to Nasdaq, but that gives me time to accumulate more.

210btc/month Mined
$34.4/btc. Current value
$7.2m/month Revenue
$86m/year. Revenue
£62m/year. Revenue
10. P/e
£620m. Mcap
£25m. Hodl value
£645m. Mcap + hodl
£1.69. Share price

This will vary hugely with btc value, so back at $60k, the mcap should be around £1.69 x 60k / 34.4k, which is £2.95.

It also varies hugely with the p/e, which on Nasdaq could be 30, so a listing there could take us to £9/share.

That’s for ARB as it runs NOW, so by varying your assumptions, you can come to your own valuation. Maybe, like drlong, you confidently predict that btc will be $8k, or like Michael Saylor, $100k. I’m sticking my neck out and predicting btc will be between $8k and $100k.

That’s my only prediction, although I’m sure drlong will put that down to my cowardice.

GLA

Lolades78, excellent point! He said “Well, let’s not talk about Argo, let’s talk about miners”.

Well, spotted.

ArgoBull, the ePic relationship will see they mining other coins on an ad hoc basis, switching around wherever the biggest gains are, with that other company, can’t remember off hand what they are called, optimising the price on different platforms.

Spectacular. I thought they might get another 20% per month, but I’ll take PWs word that it’s 30%.

Thanks for the links!

Great presentation, apart from the $2/MwHr gaff. At least PW picked up on it.

Xenor, I reckon you will be able to exit a lot, lot earlier than $70k.

I’m holding for the big bucks.

Xenor

“ Need bitcoin around 70k to do that however.”

I’m not asking what your break even price is, but remember that ARB will be mining an extra 50btc, due to the reduction in China’s mining capacity. Just at $40k/btc, that’s an EXTRA $2m/month revenue, which could be over £10m extra up to the end of the year, taking off some for China miners getting set up elsewhere, but adding som in for the extra machines we are getting.

£10m extra revenue at pe of ten is worth 26p per share EXTRA. When we get to Nasdaq, they could easily value ARB at a pe of 30+, which would be an EXTRA 75p per share.

Xenor

“ If you play it right you could make a fortune shorting at 38-40k and then flipping to buying at 30k.”

I totally agree with you. If you get any investment strategy right, you can make a fortune. Why don’t you go first. Let us know when you start shorting and we’ll see where you end up. Deal?

Rumandpoker

Thanks for that link.

Viewing figures on Bloomberg anyone? Nice interview and very good exposure.

Smart growth. Of sp, hopefully.

jaffas

Jun 2021 05:37
So cheap at the moment, loads of upsides expecting a big week, and a blue week...GL”

Guess you sold out then. Another shoddy day trader talking his own book.

Let us know what price yo get tomorrow. I kind of hope it’s £1.60.

jaffas

“ Shouldn't he and the rest buy in or are they waiting for Lower”

Why would he? He has options. That’s one of the benefits of rewarding him for progress - he doesn’t have to buy shares.

Last out gets burnt.

Rory

I've heard the PW may model the new Argo "soccer" team's away strip.

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Nautius, I would definitely save that post!

Priceless.

vic010

That's an excellent point. Not one that banks will accept, but excellent all he same. As soon as a bank gets a way to make money from btc, they will turn on a sixpence.