Member Info for Lolades78

BTC has broken the downtrend and looking like a good for a continued move up.

Argo has actually been one of the best performing miners in the last week with the difficult market conditions. The fundamentals here are set well and, IMO, will see a good return on a BTC move up.

Hexam, he said we only knew on the day of the IPO which was the 23rd. We knew all the information in the previous fillings and RNS long before the IPO. It wasn't a surprise or secret.

I'm gonna leave this here because it's pointless.

IPO date was the 23rd.

This RNS from the 14th:

https://polaris.brighterir.com/public/argo_blockchain/news/rns/story/rmnd0nw

And this filling from the 14th:

https://sec.report/Document/0001104659-21-115345/

7.5 million ADS shares plus up to ADS 1,125,000 allotment shares.

Go rest your case.

Chaebol,

This filling from the 14th says differently.

https://sec.report/Document/0001104659-21-115345/

Seeking Alpha is one of the worst websites going with terrible research. Maybe you should actually do some.

Wrong again, Chaebol.

I suggest you go back and read the fillings on the SEC website. Plenty of updates with the same number of shares and over allotment shares. But you probably already know that.

The financial update next week which usually includes more detail of plans.

Things can always be better or worse. They gave the information of number of shares in several drafts spanning the application process to the SEC which anyone here can read. In any case it's over now.

Let's see what they say in the update next week.

I'm pretty optimistic it will include a plan for the use of the IPO money.

That's up to 1,125,000 ADS shares. Bit too fast writing.

In any case, I suspect we'll be getting a proper update with plans with the financial update next week. The other miners I'm invested in did so accordingly.

No, Hexam. The addition shares are in the previous drafts as well.

See previous drafts as well filled with SEC as well showing 7.5 million ADS shares and an additional 1,125,000 over allotment shares.

In any case the IPO has given Argo the funding it needs to complete Texas and I'm very pleased with that.

No, the_chuz. Every draft contained the extra shares for the over allotment option in addition to the 75 million shares.

Expectations are whatever your personal feeling are. This is the information they gave. It's done and let's move on.

Directly from the prospectus:

"The Company has 381,832,335 Ordinary Shares in issue and 86,250,000 New Ordinary Shares will be issued pursuant to the Fundraising (if the Over-allotment Option is exercised in full)."

Clearly outlined number of shares in the fundraise.

There is a troll here who is using all his time trying to spread misinformation. Although I think it's rather obvious at this point.

Massive after hour buys again. Shares are being hoovered up. The P/E ratio is now in the teens. Clearly undervalued.

That's very true, Fireblade. Argo could lease to fill part of the machines order needed.

The tight spread is indicative of accumulation. Every time they do it here we get big after hour buys. I can get a quote to sell 100k shares easily.

200mw build completion by H1 2022. First 100mw expected Q1 2022. It's all in the information provided by the company. Work started ahead of schedule thanks to the Galaxy BTC loan so possible for an earlier finish date. Now the IPO has fully funded the project.

Moog again. This is getting embarrassing.

The directors have purchased over 5 million shares in the IPO and have further options for an additional 5.5 million at £1.57 so no discount given. It kinda helps if you actually read the company RNS'.

Every miner went lower with their IPO for a few days and then straight up. You're complaining on day 3. And trying to pass off that more shares have been added than planned which is directly wrong.

Skymonkey. One just has to read your post history to see what you're up to.

Anyone who read the pricing knows that there is exactly the amount of shares that was communicated beforehand.

Well, Moog. So many assumptions and twisting of the truth that it's hard to know where to start but I'll have a little go.

Yes, we had a rig cancellation (as have several other miners), however, we have 2 new deliveries for an extra 610PH which we have been told is on time for the end of this month and beginning of the next. It will most likely be included in the next financial update like normal.

You say nothing to show for listing on Nasdaq? You mean we didn't get enough money to completely cover the buildout of the first 200mw of Texas? And over 10 million ADS shares traded on the FIRST day of trading?

Oh wait, we did.

We've also only been on there for 2 days so maybe you should wait with your "constructive criticism" until we've been on there for a little longer.

Most plans for 100k BTC are for Q4 and Q1-2. But of course, you must know best.

Finally it's not shares but Mcap that matters when it comes to valuation. Our Mcap is very undervalued compared to other miners. Blondity did a nice video on it if you need to be spoon-fed.

I don't like to make too many predictions but I'm pretty sure in my opinion that you are wrong on every point.

Rumandpoker. It's the same it has been with the OTC listing. They mirror each other. We can go up or down regardless of the closing price of the ADS shares if BTC moves after US market closes and ours opens or if we get an RNS when our market opens. The only reason it was different to begin with was the IPO.

That's right, Parkdog.

Good to have Nasdaq volume to flush away the vultures who have been here today.