Member Info for pawnsacrifice

Yes they've been slow and steady and look to be winning the race. Great to hear the tool arrived safely and on time that was my one concern for hold ups.
Looking forward to hearing how they get on with it now though guess we'll have to wait for at least the first pump to be installed for real results.
Very happy to continue holding.

The amount of packages needed to be sold has already been stated by Mirabaud as 30k Orange88.

This from proactive..

“Highly profitable” in long-term, says house broker
Alan Howard, senior equity analyst at the company's house broker, Mirabaud Securities, said following the rise in sales the company was now operating an annualised revenue run rate of US$2.5mln "just three months after opening to customers".

Howard added that if the firm met its target of 30,000 packages within its first 12 months of business, the run rate would increase to US$18mln, which when coupled with estimates around hardware, customer acquisition, and electricity costs would result in Argo becoming "earnings positive".

"Longer term, the company is well positioned to develop a mass market and highly profitable global crypto-mining service, having already secured enough power capacity at highly attractive electricity costs (US$0.030-0.038 per kWh) to be able to service over 150,000 packages from its Canadian data centres," Howard said.

Quite surprised myself how well they've done. As can be seen by earlier posts i was extremely bearish and extremely wrong imo.
10,000 packages sold out like that is amazing imo and hard to see how 30k will be an issue?

https://www.proactiveinvestors.co.uk/companies/news/208751/argo-blockchain-sees-ten-fold-increase-in-sales-of-crypto-maas-packages-as-mining-breaches-mainstream-208751.html

Thanks pipear, appreciated. looking forward to updates here.

I thionk the nimbies are just terrified of angus having a successful test as they have such long permissions in place.
from the oil watch site...
"Brockham is in a vulnerable position because some wells at the site are permitted for production until 2036 and Angus are aiming to exploit that to skip the exploration and appraisal stages of planning."

"Angus have the EA permit, they know what they can do and can't do."

Well yes of course they do. They've said before xmas its not even Dec yet and the boards full of angst.

Think these suffer from a lot of negativity due to previous delays but also peed off UKOG investors come for a bit of revenge posting and of course the nimbies who are furious they're allowed to drill at all.
Just glad they've already got the Balcombe Glugger supporting todays sp. Not too much lower the sp can go with the results they've already announced imho.

That 2nd link doesn't work for me snicklin I just get a blank page?

First ones pretty bogstandard for a tulip mania type co. imo. The're losing capital (re money) as their bitcoins have dropped but they sold some at slightly higher levels and have reinvested the capital made into other bitcoinesque assets as they're quite convinced this must be cyclical not permanent just like the rest of the average downers.
Note they did all their reinvesting at the 6400 level according to htat piece so are down what 80% on their last averaging down?
Not peeps to offer up as experts imho just peeps who are "all in" and stuck hoping and pumping as they need their shares bought and believed in.

They didn't have the money OGA wanted them to have in case of any issues is my take chambers. Should see movement now I'd of thought but no way could they start without OGA'a sayso and that depended on enough cash to cover contingencies in their accts it seems.

re tulip mania..

https://medium.com/@treasurelife911/bitcoin-chart-vs-tulip-mania-chart-905ab3b5281c

Sorry for picking your claim expressly snicklin but I've sSeen a few posters claiming this..

"As far as the share's are worth the price is pretty abysmal but that's down to the crypto market, ARB has mirrored the fall. When the cycle turns as it has done historically then the reverse should be true and it will turn into a great investment"

Yet looking at the monthly, weekly and daily bitcoin charts I can see no evidence the crypto market is cyclical at all?
All I see is one great charge up to 20k when the madness was in and what can only be described as a slow train wreck since.
Wheres the evidence of cyclical moves as so far its performing like the Tulip mania bubble and that never ever came back everyone just wised up to the ridiculousness of it all and moved on.

Reading them now. Must say most impressed they got MYN out before putting these out.
Results look ok esp with the gas field being moved on and MYN selling into any this would have killed any positive sentiment that may occur.
Well done BLOE on that one imo.

Heck of a claim. Well behind on knowledge/research here but will have a look this evening. Don't bid it up too far in the meanwhile please.

All sold out Baz12345.
They'll be back at 16p to tell us all its going to 25p and then sell out at 18p I suppose.

Thanks ML, appreciated.

Agree business looks in fine shape. Wonder if its finally time for sentiment on this one to improve? Got a long way to bounce if it does imo.

He actually said definitely before christmas so is still on target and its quite likely he didn't know the OGA would kick them back.
Have given this some thought myself and am glad if he was slightly less than honest as if he'd turned round after the interview and stated that the OGA were now asking for more funds to be held by the co. as insurance the sp would have immediately crashed and the placing would have been at 4p at best.
All turned out well, still on target for christmas. Not selling here to buy UKOG myself but hope you do well over there anyway Gunny.

Yes and knowing aim it was likely popped just before all those buys this a.m.

Yes he does I agree but he also states quite clearly that the oil and gas authority wanted them to have more put aside for insurance.
He also stated that once its turned on cash is a non issue.

But the placing is also because the oil and gas authority wanted them to have more money in the bank before allowing them to switch Brockham on. Sounds like they didn't pass the Financial Capacity Check (c.22.30 mins) which I presume is why Brockhams still quiet?

Might as well put whats left in matd for their next duster.

I've been watching the averages since the lift of the 200. Happy with the bounce of the rising 50dsma myself, would take it as bearish if that had gone Thursday but it turned around on the double bottom there and now looks to want to retest 12p.
Neutral today on the sp I will be bullish again if 12p goes and holds for the day.