Member Info for london_balling

Surprised so many were surprised that the monthly figures wouldn't have been priced in already. I expect the prospect of nasdaq has been partially priced in too (though perhaps not accounting for the fomo tsunami of old investors coming back etc). The ONE thing which cannot possibly have been priced in yet is actually the biggest potential catalyst for us. We are the only company without a forward hashrate projection beyond June.... in an industry which values forward productivity above all else (Mara, 75% of value is that projected future hashrate, 24% is the hodl) we are operating with one hand behind our back.

We need: to know how powerful ePic rigs will be, how many we will get for our initial $8m, how soon they can be made and plugged in. Then we get the headline number and then we re-rate.

I believe personally we are playing 'clean' not dirty and are reluctant to over promise and under deliver, which is the opposite of mara and their 110,000 machines which won't be here on time.

Many of them were in from ipo and so saw it go from 16p down to 2p at one stage... can't blame them for crystalising the gains once we got to these lofty heights. It allows in some new blood though, who are buying in to start their Argo journey rather than end the chapter. It also allows us to clean the decks before any potential uplisting, be that to LSE Premium here and/or Nasdaq too...

Looks like one nutter selling 47,145 at £2.30 in the closing auction after a day of the price trading either side of £2.44 dragged the UT down. Sure there won't be a hangover in the morning.

Hi btw. I haven't gone anywhere, I actually own more now than I did a couple of weeks ago, life just took over hard!!!!!!!

Bucket the only people who could have ‘lost thousands’ are the ones who have bought Argo in the past 28 trading days and have subsequently chosen to sell it at a loss since then.

If some people have done so then I’m not sure they are cut out for investing.... if they were intending it as a trade then they probably want to reconsider that as a career choice too!

The fundamentals of Argo and Bitcoin have never been stronger than they are this morning! Paytience!

The lack of volume in the US makes it far simpler for us to take control of the SP here, which is good. If their volume increases then that would help, of course, but it'll come in time.

Good stuff lotto, the only thing I'd add though is that the initial stake in Pluto wasn't from our cash reserves, it was the polkadot we had, which had been kept on the balance sheet under btc equivalent (hence the hodl figure drop-off last month)

If you walked in here knowing anything about crypto and the current bull run, saw that post, then saw the price was under £5 a share you'd think the world had gone mad!

Nicely done RC!

They’ve never made a Bitcoin miner before. We’re helping them develop their first. Then we’ll have a job lot of them delivered. Hoping they are good!

I think a headline hashrate is bigger SP boost than Nasdaq will be tbh. Hodl is great and all but would require a huge capital investment which would cause huge ructions I’m sure. Mara have x10 more coin than us but the hodl remains a fraction of their mcap!

An RNS forecasting our hashrate in Q4 or even Q1 2022, assuming it was positive (6-8-10EH area) would light the touchpaper again in my opinion. We’re the only big player missing that future projection and in an industry valued entirely on future projection it’s a big miss, albeit understandable as we can’t possibly know until we’ve finished working on the new rigs with ePic.

We’ll have to play a lot of catch-up, but I expect that we will do so, especially if we’re on the Nasdaq with the associated exposure and potential volume.

PW is as smart as anyone here though, he knows all this, he’ll get it sorted at what he deems is the best possible time. I trust him to get it right, again!

Past three months, Bitcoin rises 200%, ARB rises 2,400%.

I'm laughing.

Not quite right JB... the drop off between the amount mined and the hodl was due to releasing our polkadot to pluto... it was previously held as Bitcoin equivalent!

If they’re also going to make the price go up x25 in three months let’s hope it’s a billion!

In a word. No. The value of our stake will appear on the assets somewhere but I doubt we'll get much detail from Argo... (presumably we will from Pluto themselves though).

You'll hear about it on here I'm sure. As far as I know the fundraising rounds are over and the IPO will follow in 6-8 weeks or so. I heard they were planning on Aquis listing though someone else had heard LSE main market. Time will tell. I'd be surprised if they listed in the US straight away but would be equally surprised if they weren't thinking about it sooner rather than later. Look at the path KR1 has taken and I'm sure it won't be far off....

I'm sure everyone wants a dual listing.... I think there are also a few who would quite gladly de-list from LSE and stick with Nasdaq alone. (Not sure about Germany etc in that scenario either tbh)

A potential issue with a dual listing is a kind of tug-o-war over the PE... if the US value the company more higher than the UK then you'll just have UK investors selling every morning, US picking up the price in the evening, ad infinitum. I do not know how it can co-exist steadily. I'd love to know of other tech firm examples and how they have worked harmoniously.

Yes. There are some people who want Nasdaq only. And yes it would cause untold issues for UK holders.

Off the top of my head...

Pros = Nasdaq PE is a lot more generous than LSE... the adoption of crypto over there is a lot wider than it is here... there are companies on the nasdaq which we could be compared to (favourably) which is something we don't have here...

Negatives = Some UK pi would feel hard done by....

I've not been doing this as long as many of you, but I think I'm on the money when I say this.... the absolute hardest thing to do in the whole world of investing, is to do nothing.

It goes against every fibre of my being. I want to dip out, dip in, speculate, risk things to accumulate more, jump into the next big thing for an easy 20% which I can then reinvest here. That's the wrong thing to do here. It's about building your position and then doing absolutely nothing at all.

Think of it like planting a flower garden. All the time and energy expended at the start for a big patch of brown earth. You can stand there all you like and watch it and talk to the bulbs but it's not going to do much to help. You need rain, you need sun and you need patience. We've had both of the previous things over the past few months, now we just need the last one. One month of inactivity is not patience, btw, neither is two. If you want a spectacular garden you have to wait a good few months, embrace the rain, enjoy the sun, and then, in time, we'll walk among the flowers...