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Price being held backā¦.
Well if thereās a good increase before 22nd 6pm Iām out, forfeiting divi.
Additional Part not attached to the 2nd RNS on this site
Importantly, the Transaction enables the Company to delever the balance sheet with minimal impact to the Company's revenue. Following the Transaction, Argo will maintain ownership of all mining machines currently located at the Mirabel Facility. The Company is in the process of relocating the machines to its Baie Comeau facility and anticipates selling certain prior generation machines representing approximately 140 PH/s. Going forward, the Company's total hashrate capacity is expected to be 2.7 EH/s.
The Transaction has significant operational benefits for Argo. It allows the Company to streamline its operations by locating all self-mining machines at its Baie Comeau facility. Additionally, the Transaction reduces the Company's non-mining operating expenses by $0.7 million annually.
The Transaction is expected to close by the end of March 2024 upon the successful completion of customary closing conditions, including entry into a definitive share purchase agreement and certain regulatory approvals.
Expecting hate mail back or any quick thoughts appreciatedā¦..
Soooo
There must be a few that are expecting long delays? In getting above 3p???
Answer maybe formalities?? Forthcoming bond meeting.
āto extend the maturity of the Bond from 15 December 2024 to 15 December 2026; andto amend certain terms of the Bondholdersā conversion right, modifying the conversion price from Ā£0.05 to Ā£0.03ā
Yeah I donāt really get why it seems endless. When itās been several years of being on the cusp and due to continually updating it seems to create more issues to drill down on final result.
Just disappointed / impatient well aware it u turns and shoots back in favour, thanks.
Canāt go back to 18th comments as too many comments on here daily. I know everyone will have watched and hoped someone would put a paragraph spin more positive than I interpret esp as I hadnāt realised this was the reason it ranked not BTC and the fact the forthcoming board meeting to convince continued investment. If peeps were accepting why is it suddenly this sp. Cheers.
No great expectations for this halving:
to extend the maturity of the Bond from 15 December 2024 to 15 December 2026; andto amend certain terms of the Bondholdersā conversion right, modifying the conversion price from Ā£0.05 to Ā£0.03.
Great heās planning where to focus his efforts to situate the servers but letās get them bulk built, patented up and running before THIS halving pleaseā¦.. waiting for 5p Argo will be Ā£1.50 the boat has set sail Prof Franco. (Paraguayš¤©nice!)