Charles Jillings, CEO of Utilico, energized by strong economic momentum across Latin America. Watch the video here.
Excellent summary.
This below extremely interesting. I was not so wrong after all when we discussed it here a few weeks ago.
7/ The current forward PE ratio for #ARB is 5.6 which for a technology company is extremely low, when an average ratio in this sector would be closer to 20 to 30. The value of miners on the Balance Sheet gets overlooked as prices have been increasing on the secondary market.
Read it and was about to post it.
Could be interesting, but I guess demand will be over the moon. Need to see if Argo will be queuing.
In any case, this is a great explanation to those that are asking for mining rigs update day-in and day-out.
https://www.youtube.com/watch?v=EjJ-T7g6msc
He is almost always right, and he has never been this bullish. So either he is right or he has gone mad.
AB, a bunch of non-sense and ignorance in one post.
Bitcoin is storage of value. Slow transactions like gold is heavy, costly to transport and difficult to hide.
Second, Argo is profitable at >8K per BTC.
Go hide.
muscles, the trajectory of BTC after the May-20 halving is slightly different to the last, am I wrong? You might be entirely right, but time will tell. There are also macro-economic factors pending i.e. the FED could crash the markets soon.
Additionally to that, mine was just an example on 2 scenarios, used to explain the communication and transparency factor being moaned about. The 100K scenario might not materialise before the next halving, but is not the end of the world for Argo. As I said there are multiple options after phase II, which bring us anyway until 2023 and 14-18 months away from the next speculation, hype and volatility phase post-halving.
Argo has also the option of not adding, HODL and producing with the current equipment. I expect many miners will disappear if we enter a heavy bear market. Argo is well positioned and quite safe with low production cost.
Timing is key, hence PW and Co. do not know exactly what they will do in 10-12 months from now. Many interpret this as lack of transparency or hidden agenda.
Muscles, if I knew the answer I would be in my yacht already drinking a ****tail. BTC went down to 28K a few months ago, and then up to almost 70K. Isn't it?
If you don't believe in BTC long-term, then you shouldn't have invested or LOVE this share in the first place. Because nothing has changed, BTC price fluctuates since 2010. And 41K USD a year ago was a dream for many. Now is a tragedy. People gets spoiled.