Charles Jillings, CEO of Utilico, energized by strong economic momentum across Latin America. Watch the video here.
The Chuz, would be interesting to see the numbers, i.e. cost of mining per BTC... net of debts and repayments, including the lease agreement, etc. At least it would give some substance to the board.
I know the mining margin has been positive even with BTC at these levels, but it was excluding a lot of other stuff not included in the "cost" element. How is that looking today? Is Argo still mining on a loss? How much they need bitcoin to be at to start becoming profitable or better start repaying the debt?
agree stnz. He made other mistakes, which were unforgivable and nobody expected, like the 27p investment announcement when this was at 35p a few months ago, the missed PPA, not selling BTC at the top, etc.
The Helios project otherwise was very promising, without Russia/Ukraine and the global meltdown it would have been different though. Those that won on this bet are thanking Putin who in the meantime killed 1000s and ruined a country and the life of millions.
I had not posted anything positive on this since 75P when I sold (to then buy 3x the shares at 3p).
However you still haven't answered. If you had made a lot of money (doubt it), you would be enjoying it rather than posting daily almost every hour on what you call a dead dog. Find a woman? get a life? consider plastic surgery otherwise
Yes probably, although he won't answer. He simply went a couple of steps too far, betting all on Helios. The missing FPA and Ukraine did the rest. However you should thank him, as he helped you make money, right?
However it still does not answer the question: why are you still around if you closed your shorts? There are hundreds of other boards in LSE. Sad life IMHO (LOL).
Ah and one last thing, people did not listen to you back then, and won't listen to you even today, simply because of your "I am the oracle" attitude. Life is a bitcX and karma is a boomerang.
Oh sure, you were right so far, not debating that. I did not mock you, but I left the board as all I found everyday were hundreds of posts from you. It became Chaebol's board rather than Argo's.
Now that you "won", I wonder what level of satisfaction you are looking for, on the grounds and ashes of people that lost life savings. Karma is a boomerang, just saying.
Interesting chart... explaining the revenue vs cost thru the last 18 months.
https://twitter.com/TheMinerMag_/status/1608030125966372865?s=20&t=cX7tdrbIBpPdWVv8LsEXcw
Can someone do a summary with real data?
* Argo keeps all the machines in Helios and Canada, and keeps mining at 2.6
* Argo keeps mining around 200 bitcoin a month. At a loss? at a profit? how much? I guess profit if Galaxy get's the PPA?
* Argo loses Helios and all the equipment, except the machines
* Galaxy operates Helios
* Argo keeps a debt of XYZ?