George Frangeskides, Chairman at ALBA, explains why the Pilbara Lithium option ‘was too good to miss’. Watch the video here.
I hope they don’t sell space in Texas. If it’s as great as we hope, they should try to fundraise to fully equip. It’ll take time to acquire the machines to fill anyway and all the while we’ll be mining more coins.
Loans not dilution and sell hodl to achieve. Once full, just watch the money roll in. SP low at tge no. My only concern is with the recent orders that have yet to mount to anything and risk being left behind because our capacity is not increasing whilst difficulty so low.
Totally agree Sanboy.
It’s just gone too quiet and lost all momentum in less than a month. Hope things turn around soon. Not market manipulation but investors are losing appetite because of a perceived lack of action. Desperately need OTC and further news on the bridge and tokens. Probably getting to bargain territory to be fair though provided some news is forthcoming.
Gaviscon, settle down mate, you’ll get an ulcer.
I’m invested here but thankfully not heavily as I derisked near the highs. All I’m seeing is a lot of praise from a few big fans but the SP is falling every day. I don’t trust DL or RP as far as I can throw them. All the talk of multi-billion pound valuations when the bridge is complete nonsense. I just hope normal retail investors don’t end up getting absolutely shafted here. This was 75p a month ago. Mcap halved in that time. Is that encouraging? No, of course not. However, on telegram you’d think the price had doubled. No OTC yet, no token, no bridge so what exactly is there? All IMOP of course. Good luck and DYOR. Personally I’m becoming very sceptical indeed.
How many outstanding warrants are there???
Always a worry for me as that stinks of BOD getting rich at shareholder expense. Disappointing.
But DJ, what have VLRM got???
It’s just a concept at this stage in my opinion. Where have the VLRM token and bridge actually gone? Since Patrick’s appointment it seems to me that they’ve scrubbed the slate clean. There’s a lot of talk of subtle clues, wink, wink, nudge, nudge but f all actual facts. I just see the SP slipping every day for the past three weeks and start thinking this is all a bit of a sham.
Things have gone very quiet on here. Trippys back in care and nothing from the company except Patrick Young’s appointment. SP stealthily dropping back to mid 30’s. Glad I sold most of mine in mid 60’s as little doing here. Meanwhile there’s a bum fest going on on the telegram group. Pathetic really.
Argo. - the production figures you have calculated are mouthwatering, that’s for sure. You’d think lenders would be queuing up to offer funding given the company’s performance to date but who knows.
I hope you’re right about the selling strategy.
I think they’ll sell mining space to other companies initially when Texas is up and running. I’d prefer them not to mind. Next year, if things go as planned the SP can’t fail to increase.
Excellent posts Argo bull. Unfortunately, I think Argo will not sell any BTC as they’ve made it plain that they think HODL forever is the way forward. Personally, I think this is an error and I’d much prefer to see Argo establish a trading arm which would likely yield a healthy profit. Sadly, I expect further dilution in the next 1-2 years to fund this expansion but would much prefer loans. Also, purely getting that number of machines will be an almighty challenge over a shortish time period. Still, it’s clearly a win.
I really hope Peter Wall performs well in the interview tonight as it could definitely highlight Argo in a positive light and bring on board even more investors. I’d like to see a really composed interview and not lots of spiel from him.
Kitty, I agree entirely with your take on things. I am hoping for a return to previous SP highs in the next 12-24 months. There is a lot of positive news on the horizon provided the board can execute their plans.
Blubay, you need to read all of that RNS. Read on:
“To meet the balance of the order, Argo has also increased a previous order from a second manufacturer from 70 PH to 80 PH, delivery of which is currently scheduled for July 2021. Combined, the new mining hardware is expected to add approximately 610 PH to Argo's existing operations, bringing the Company's expected total computing power to 1.68 exahash by mid October 2021.”
Hi Blubay,
Not making a positive a negative. I think the update is as expected, nothing more, nothing less. I believed 220-225 BTC would be mined but hoped for more if more miners had been added. I think PW would have announced that additional capacity with his typical enthusiasm if the first batch of miners were indeed online. That’s just my take. Let’s hope for some further positives from tonight’s podcast.
A nice set of monthly production figures, with great margin but clearly no further miners are online. The cancelled order from earlier this year is proving to be very costly and the continued delay in getting more machines online is incredibly frustrating. The June RNS in which the cancelled order was declared clearly stated that further machines would be added incrementally starting in July with an additional 80ph of machines going online. Clearly, that’s not the case. According to the same RNS the bulk of machines would go online in September and October. In reality, if these aren’t added on time it’ll cost Argo millions in lost coins. They need to get those miners plugged in and running whilst difficulty is so low otherwise it’ll be an opportunity lost.
I understand the potential Sanboy and have not sold a thing but am annoyed where we are now having reached 77p. I’ve watched my significant profit wane due to OTC delay and a lack of tangible progress ie, where is the VLRM token and where is the bridge? Clearly neither complete which is frustrating at best and outright misleading at worst. Obviously all IMO. I’d have released an RNS by now highlighting delay on side of FINRA but no hint of issues. Annoying.
The telegram group is a Patrick Young love in. The bridge is apparently morphing into a behemoth trading platform but so far we have nowt. Sadly I think we have lost a lot of momentum here and people are moving on.