Member Info for Monkfish6

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.

Crap month for Valereum. Hoping for something better this month but not counting on it for sure.
60p end of month prediction.
Delighted to be out by a country mile!

Blue my ass

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.

Not really sure what’s happening here. There’s lots of praise for the appointment of Patrick Young yet no OTC listing and still not imminent even though now 8 weeks overdue. SP now sliding daily as well it seems. Quite disappointing given this was at 70p plus a month ago.

Thankfully I sold out here at 4p a few months ago. Gutted to do so but so relieved to have choked the loss. Still keep an eye on the board from time to time and am gutted for any LTHs here. Bidstack BOD are a disgrace. This company simply does not generate adequate revenue. I love the fact they’ve granted themselves more options. My God, they will ensure they keep making money whilst normal shareholders are screwed. It might rise from here towards the end of the year if the earnings are weighted as they say but who knows. Bad company.

I think these updates are great and personally really appreciate you posting them Mike. I like seeing all funds added but understand how that must be a ball ache so you choose. Anyway, thanks for sharing this info.

Ha ha!
(insert Simpsons Nelson meme)

Blubay, I hope your optimism is proven for sure but many commentators are coming to question the model. Of course, this has happened previously, every time the price started to deviate significantly and every time it’s retuned to the prediction curve so who knows? Only time will tell in reality. Personally, I’m not sure the necessary funds will flow in to support the price rise as predicted. I’m not looking for an argument it’s just my opinion. I’m here for the long term so hope BTC rockets but being cynical by nature I just prefer a more reserved outlook.

Nice thought for sure there flowerpot. Rory you’re absolutely right. BTC price is ultimately the major determinant of SP here so any rise will massively benefit us all. I personally do not believe the S2F model stands. Current deviation is significant and I just can’t see the crazy rises that are predicted but tbh if we get back to 50k we’ll be off to the races given the recent news flow and market reaction.

Flowerpot you’re spot on. It’s either one or the other on here. It’s actually been quite nice in the last day or so that there’s been quite a lot of sensible posts and conversations rather than abuse. What’s your target if you don’t mind me asking

If we make £1.50 -£1.60 prior to listing I’ll be ecstatic. My target is £3 by end of 2022.

Simple, they’re either scum bag weirdos or manipulators.

Any rise today after yesterday’s stellar performance will be a bonus. BTC risen a touch so fingers crossed for continued strength in both!

Argo should rise today. Sentiment bashed but this should arrest the fall. Let’s stay away from 28k thanks.

As a poster who in my view is sensible and has been eloquent on here for a long time, what is your take at these levels?
Are you topping up?

Can I just ask Everup, I joined Argo some months ago but have averaged down as much as possible. I’m no FUD spreader but am a bit nervous right now fairly understandably. If you don’t get that mate you’re clearly either stupid or well up. Good luck to you. This conspiracy crap on here is too much. No debate or support any more just constant hassle. A bunch of A holes.