Member Info for Kyle17

I understand it well, mining is a simple business so is bitcoins value proposition. Bitcoin will not fund the fake narratives pushed in a fiat world, so why bend the knee to it now, I get that most want Argo as a fiat sl ag ticking the box for ii investment, but the market is telling you it doesn't like it given price action and btc peg. Why don't Argo build the Texas facility as a district heating system where the miners heat a huge thermal store where surrounding towns can draw off for heating and hot water? Surely that is better that some box ticking boll ocks. I want Argo to get the machines installed what was previously RNS and just get on with it. Positives is that renewable energy is often cheapest but won't be if there is a demand for it and fossil is left (fossil fuel is good imo) a smart approach should be used to use both. Nasdaq listing is another tailwind and no tax on investment in isa, plus I super bullish on bitcoin so Argo will likely go up but may underperform btc. There are lots more risks to holding argo than bitcoin though. My morning for the day is complete.

Market doesn't like the esg pitch along with other things that has happened. Nothing wrong with using fossil fuel to mine, using energy efficiently bitcoin does naturally. Pandering to esg and other *******s is hurting us. We need razor sharp mining operations using what ever source of energy is cheapest, caborn capture tech can be used on heavy carbon emitting via combustion, but the truth of the matter is that climate change is a narrative spoon fed to those who do not understand energy entropy etc. Saylor hit the nail in the head with standarded natural gas. Opportunity cost of putting some of my portfolio into Argo and not all bitcoin is starting to make me want to just switch back to all to bitcoin, less spinning plates and all that.

How much Zcash does argo mine in % terms to it's mining operations? Zcash look like it is going to have a good run with a target as high of $1600

I sold the bottom of this share back when DA hit the board with allegations, for it only to retrace back above my buy price. 7k loss but made back more elsewhere, the long and short of it was I had to much here to think clear. I am back in with a lower sum of money and feeling positive about it after staying clear of the board. It could still go either way, but I am leaning towards a good outcome here. Good luck to everyone after this suspension gets lifted.

I hold btc and like the idea of investing with Mode. Still not able to use them though, as it states only ios/ Apple users for now. Any idea when they are bringing the android app out? Can't even use Mode via a browser. Still watching as a potential investor, but I want to see Mode's services available for all users not just ios.

There was 293.75 million before this rns, so I am confused where the reduction is coming from, maybe it is cancelling out previous options of insiders...

I'd rather keep mine in cold storage at the moment. I may consider this when some platform has a 3rd party insurance to pay for an event of my coins getting stolen.

If they mine 1512 coins a year going forward, and sell them for £10k a coin they make £6048000 gross profit with a mining margin of 40%. This does not include selling and administration which has roughly been 2.2 million each year.

Market cap is roughly 36 million, I can see the potential, but also see the risk of owning a miner with all the spinning plates of vested insiders.

As the bitcoin price increases so will difficulty, this will decrease the mining margin, but this probably will be offset by btc price increase.

Some RNS to read and consider
https://www.lse.co.uk/rns/ARB/grant-of-share-options-dbk3wam38tiia70.html
"Mike Edwards, the Company's former Executive Chairman, retains the 7,047,525 options over Ordinary Shares granted to Mr Edwards in July 2018, and which have already vested, for a period of three years from January 27, 2020. The remaining 3,281,500 unvested options lapsed on his departure, and were returned to the option pool under the Company's 2018 option plan. Details of the Company's option plan are set out in the Company's prospectus dated 30 July 2018. The options granted to Mr Edwards remain exercisable at a price of 16 pence per Ordinary Share."

https://www.lse.co.uk/rns/ARB/april-operational-update-and-directorate-change-fpxallosaueolie.html
Change of CFO

I think btc is going to be over 100k next year and in the millions beyond 2030 which makes me want to invest with these. I want to know more about these before deciding though. I already own btc and want invest more into it, so do I risk some with a miner or keep my holdings pure...

What is the profit margin of this company? What price does BTC need to be for these guys to break even?

During the month of October, Argo mined 126 Bitcoin or Bitcoin Equivalent (BTC) compared to 127 Bitcoin Equivalent in September. This takes the total amount of BTC mined year-to-date to 2,254 BTC.

Based on daily foreign exchange rates and cryptocurrency prices during the month, mining revenue in October amounted to £1.2 million (September 2020: £1.1 million). Argo generated this income at an average monthly mining margin of approximately 40% for the month of October (September 2020: 37%).

What have I missed? Anything worth getting an update about? On the sidelines awaiting the important rns. Hope some got my message on here to buy Blink Charging last week. Made my losses back, but could have made so much more. Stocks in the right sector, with low market caps, low shares in issue, high short interest over 10% with increasing borrow rates makes great pocket rockets. Blink I see as a $50 stock long term, but even this rise could do with a pull back.

Poor I am disappointed with myself, but I had to derisk. This share requires some heavy dd which I didn't have the experience at first, and I should have read every rns prior to investing. I am probably wrong with my theory but I am trusting my gut until I see proof. PaleBlue you are right I shouldn't be commenting after saying that it was my last post etc, but so many on here think it is the mm are doing the drops which is *******s, it is the loan lenders screwing pi and the derampers are the loan lenders. Helps to know your enemy in the market, I hope they get caught short but even if they do will they pay up? I have started doing some research on these 3 loan lenders, I want to know their financial position and location/ law they operate within. The shares they own could be written off in the future if they have no in intention to cover...

Tom charting is useless when you have a trader that controls 18% of all shares outstanding, even more influence if you measure against tradable shares. What you are seeing on the chart is that trader/ loan lender moving the market. Inflection points will be where they cover to bring in retail and then sell back into it. Only way this will move is if AZ delivers and forces them to rebuy. If this creeps up daily then that will be them covering in anticipation for news. I sold out yesterday probably at the bottom who knows but I had to much risk and had enough of the churn. I will buy back in if AZ delivers and clears these sharks out of the market, they have way to much influence in this share. If AZ delivers I will still make loads on this share buying in at a higher price imo

Good luck to everyone here, I have decided to take the loss. Little over a 7k loss but I will live, it's the first and last time I will buy a penny stock. Anyone using 212 be careful having them as your execution service, because they take ages if you ever need to sell. I did discuss my concerns here last night, it has been deleted as it was unproven. No TR1 today which confirms what Euro is to me, I won't turn into a deramper and this is my last post here. Genuinely wish you all the best.

The shorters are our loan lenders, they have either structured puts for third parties to short further into the market, or sold the shares direct at the highs. The attacks are coming from people that are getting paid by these parties. For the loan of 4.5 million these loan lenders would have made x3 the initial loan selling roughly 30% of the shares @ 0.70. Not sure whether they had something to do with the initial rise after the loan as suggested by another poster. AZ needs to force these parties to buy back as it will get worse the further we go down. There is a tail risk that AZ could be complicit in this, I highly doubt this, but have my eyes open to all possibilities. For me a daily close under 0.38 and I am derisking, I do think this is the floor here though. I trust AZ from everything I have seen, so please don't take my comment as a deramp.

Yes MR008 thanks for pointing out my mistake.

You are right Parkez I missed the extra 0 in the calculations. That makes sense what's going on now, take it that 6.5m that was reported in the trading update is part of that 4.5 mil generated from the loan and due diligence. I think the loan lenders have sold all or some of the shares and want syme to fail. If they have dumped roughly 30% of these shares at 0.7 they have nearly x3 the initial loan, so makes no odds to them if SYME default, works out better for them if syme fail. AZ needs to burn these shorts and force them to buy back those shares. For me I will reconsider my risk if we close under 0.38, wish I read this rns sooner.

https://www.lse.co.uk/rns/SYME/directorpdmr-shareholding-o0kciihb4t8wezh.html

- 1,615,253,000 SYME shares transferred to High West Capital Partners LLC @0.075 £12,114,397
- 778,571,429 SYME shares transferred to Stock Loan Solutions LLC @0.09 £7,007,142
- 3,500,000,000 SYME shares transferred to Union Pacific Capital Ltd @0.07617 £26,659,500
Total loan £45,781,039 to be paid back after 2 years, or is the loan value incorrect? Did SYME receive less money than this?

If that 45 million is correct where has it gone? Has it gone to securitise notes?

Around the time when these loans were issued the share price was roughly 0.0006.

Why would these loan lenders offer that type of support to a stock that had a market cap of 20 million at the time? Seems high risk unless they have seen information that shows promise that SYME won’t default.

I get that they will trade these shares, and it makes sense to sell puts to other short parties to collect the premium and spread risk.

This share has suffered from some serious allegations that seem to be false, it does look like derampers are desperate and so far can not get a close below 0.38.

Things to look forward to this week is a TR1 of Eurofinleading Fiduciaria SpA, Asset Management Arm
If the data is to be believed from posters. I have emailed SYME for the latest copy of the register to confirm, everyone can do the same.

Someone I know has done some analysis on the scam website and tracked a username kivanov. The website was created Sat, 03 Oct 2020 16:01:14 +0000. Probably not much to go on with that, but some info I though I would pass on.

Spot on FB, it's the way I see it too.

"Eurofinleading Fiduciaria SpA, Asset Management 1,939,092,720 5.920"

So there should be a TR1 next week with this holding over 5%?

I emailed SYME yesterday for the latest copy of the share holder register.

Mr008 I agree, they will be shorting against themselves soon enough. General Public must be @ 10% now with the share churn that has been happening. It's the price SYME pay for having these ii funders, the other option would be to ask for deposits via open market which would result in direct dilution.