Member Info for Lambinator

Simon that is one hell of a statement to make!

But i like it! Lol

Looking forward to that RNS that will confirm flow rates on the ST once she has settled down!

If you are short in ANGS best you close out now before it gets very costly! ;)

Happy days with nice buying at the end.

More gold keeps rising the more undervalued this company is!

Roll on tomorrow

at time of writing up nearly 2%! approx $1870

remember folks ORR’s Jorc based on gold value of $1800!!!

if this is the start of the gold bull run, this makes ORR even more of a no brainer that it is currently.

have a good weekend all

Ladies & gentleman another year passes.

glad 2022 is done with & look forward to a more positive 2023 for Orr.

See you all in the new year

see if Orr can get their stake of Senegal at fair market value and get rid.

concentrate all effort & attention at Cameroon.

sure a swift deal will suit all parties concerned

Couldn’t agree more Kutzz nothing goes up in a straight line & neither does the gold disappear ;)

Only 30 mill lol

Love it!

Roll on tomorrow

hopefully Kutzz been a painful hold for us LTH.

got a top-up early this morning (now in profit! wtf).

hope it gets to 1p so you can de-risk a bit as i’m know you’re top heavy in ORR lol

just like myself haha

Bol to us all

Dies before xmas.

feel sorry for holders stills in.

i took my haircut before 4pm

couldn’t agree more Harchris

PW no foresight or planning with a contingency plan for worse case scenario.

Any deal i hope involves him out of Argo

PW that numpty.

dont get me started on that clown

lol i wouldn’t compare btc to nostril hairs.

but if you get a buyer for your hairs looks like you’ll be setting up a onlyfans account

Short term threat HH is chapter 11.

Hh thats why Mexico forward sells it future oil production as a hedge.

protects on the downside

@HH

the benefit to Argo would be immediate cash to keep the lights on.

Obviously if btc goes on a rip in a few years time, then the years mined btc isn’t theirs to own, but thats the risk lenders would take & not Argo’s.

vice versa btc drops like a stone, its not Argos risk as they already have the cash from the lender

@Highveld

yes the lenders are hedging on btc going up in value in the future to return on their loan.

Argo would get the immediate cash flow injection it needs to keep the wolves at bay.

But obviously a big bone needs to be thrown (say a years worth of mined btc) for that cash.

Thanks Hexam for the example.

@ Argobull if we went on the basis of:

Argo’s cash burn per month is $3million per month - $36 per year

Argo’s average mined btc per month if we used 150 pm - forward sell a years worth of mined btc at 1800 total.

If the value of btc goes to say $50,000 in two years time.

that 1800 btc be worth $90,000,000.

Could be a lucrative opportunity to me.

thats why not to over complicate it.

simple capital upfront for future btc mined.

Argo will know what their cashburn rate is & accordingly know what they’d need to get by for next 12 / 24 months per say.

i haven’t seen this idea spoken of in here or telegram chat.

Argo to sell future mined btc - either fixed amount mined or set period of time
for immediate capital cashflow boost.

Kinda how Mexican government forward sells oil production at a hedged price.

This way Argo dont have to sell any family silver (miners or sites).

I’d be sure they’d be entities interested in such a proposal, who are pro-crypto / have forward looking horizon on btc price.

Just me musing.