Member Info for Malik-

That’s what I thought at first, then I was like, things at some point get cheap enough.
I think we are there.

I’m buying.
Trading at sub 10% NPV assuming spot ndpr - prices well below those of study.
Cheap.

Finally looking like an attractive entry point.
Strapped for cash, and need a £3m rights issue to have breathing space; but at current price I think the risk/reward is attractive nonetheless. NDPR p up >30% since Sept yet shares unchanged. Pjct econ make sense here

Finally looking like an attractive entry point.
Strapped for cash, and need a £3m rights issue to have breathing space; but at current price I think the risk/reward is attractive nonetheless. NDPR p up >30% since Sept yet shares unchanged. Pjct econ make sense here

You clown.
You don’t notice what’s happened to the company since?
It will NEVER command the same valuation as before since they LOST their infrastructure and their machines are 1-2y older since.

#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

This disgraceful ceo had the opportunity to announce a raise when his share hit 18p.
He missed the boat.
Total disgrace this man.
The only good call he ever did was to sell his shares at >300p

THIS WILL MISS ANY RETURN OF BITCOIN BULL MKT
Don’t believe the crap fed to you by those financially illiterate crystal ball retail traders placing this chat.

.

Assetless

Their machines will be redundant this year, and they will be left with no asset no machines and plenty of debt.
This is such a failure

Here is another with totally baseless comments
Offering his mystic Meg type projection

Thx Chaebol - will check

.

Shame I wasn’t able to SHORT this crap.
Can’t find a broker that allows me to.

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.

I am certainly not envious of people on here.
Most are massively underwater - some have probably held since 380p
So in fact I feel for them

Oh and they own their assets :)

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.