Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
#ARB This stock is bound to underperform its North American mining peers in any revival of Bitcoin. Don’t be fooled by posts by uneducated nonsense pump posters out there who gamble with your money - you know who they are.
Co lost its key infrastructure selling it at what looks like a massive loss - and will now pay Galaxy to use the service eroding margins going forward - this itself commands a big discount to peers.
Meanwhile its debt load remains precarious, and machines pledged.
While peers are seeing their capacity ramping
up, this company is stuck with its c2EH and importantly much of which will effectively be redundant over the next year. It’s stretched balance sheet hammering any hope for growth prospects
Correcting for typos:
This company won’t participate in a bitcoin bull phase that its peers will enjoy.
It has no asset. It has its machines but in the next year there won’t be many left since they would have been fully depreciated and the company doesn’t have the funds to buy new ones. Just a pile of debt to hinder any growth plans further.
And guess what, it seems evident it will need to pay Galaxy to use the asset. What’s the cost? Zero mention about this.
This company has totally failed.
You want to participate in any upcoming bitcoin bull cycle buy a North American listed name with as much bitcoin on its balance sheet as possible and as little debt.
Oh and by the way, they own their infrastructure unlike Argo :)
This company won’t participate in bitcoin bull phase that its peers will enjoy.
It has no asset. It has its machines but in the next year they won’t be any left since they would have been fully depreciated and they don’t have have the funds to buy new ones. Just a pile of debt to hinder any growth plans further.
And guess what, it will need to pay Galaxy to use the asset. What’s the cost? Zero mention about this.
This company has totally failed.
You want to participate in any upcoming bitcoin bull cycle buy a North American listed name with as much bitcoin on balance sheet as possible and as little debt.
Oh and by the way, they own their assets unlike Argo :)
I feel sorry for those cheated by these arrogant illiterate accounts on here who attacked me for warning about this company - when I told you to book your gains.
This chat is plagued with them.
Most people on here don’t have a clue about how to read a balance sheet. Yet they permit themselves to give you financial advice.
Follow their advice at your peril.
Don’t Compare Mara or any other co for that matter .
Those other cos have massive bitcoin holdings and cash on hand.
Argo has barley any and it’s running down whatever little was left of cash on balance sheet.
And going long when a company has an enormous - debt load of £80m and for which the restructuring only reduced the debt mass by a THIRD - no more.
This company is as close to as insolvent as it was.
Enjoy the casino.
And enjoy the crystal balls of those looking at charts :)