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@woodaldo wow - I didn't realise it had changed so much in one month - that's pretty worrying & explains why the share price is not rising!
I just took my figures from the ARB RNS dated 6th August (i assume they were correct at that time).
If they are right (and if my calculations also are), it should generate 645 BTC by end of Q4 ($6,450,000 at today's BTC rate).
Mining margin was 80% in July, and...
Mike Edwards, executive chairman of Argo, said: "We are pleased with the mining results in July as they demonstrate that we can use our existing investment in people and facilities and add new mining hardware with no increase in staffing and no material increases in non-mining costs. This operational gearing is very important as we triple our mining capacity over the next two quarters with no significant increase in non-mining costs."
And today's Mcap is £27m!!
From the RNS 6/8/19:
The Company generated 163 Bitcoins (BTC), or £1.36m of cryptoassets, in July based on a BTC price of US$10,122 as of 31 July 2019. The assets were mined at a mining margin of roughly 80%.
As part of the Company's previously announced expansion, an additional 7,000 state-of-the-art mining machines will be delivered and in production by the end of Q4 2019. The delivery and installation schedule of the new equipment is expected to result in a sequential month-on-month rise in Argo's production capacity over the next five months to approximately 500 Petahash by the end of Q4, representing a 296% increase over current capacity.
The online gaming market seems to be getting ever larger with EA getting involved. Wouldn't be surprised to hear that they are also trialing in-game adverts at the same time.....
https://uk.ign.com/articles/2019/09/10/ea-launches-surprise-cloud-gaming-trial-with-four-games
@ catchingpigeons - re. China target of 60% by 2035. The UK target (set by our govt) is 50% of all new cars sold to be EV by 2030 - we are not behind China in this sense, and by 2035, there should be well over 60% (if we hit our 2030 target).
It wont state a minimum they have to use. It will however have a small capacity charge included that they must pay each month. This ensures that you are able to use upto your stated capacity, and in effect it is reserved for you at the local substation. (the electricity company will also often charge you for the upgrade to the substation as part of the deal).
Stifel represent many companies with smaller market caps than BIDS (eg PMEA with only $2m mcap). The average market cap of clients is £445m not smallest.
I am hopeful of a better than expected H1 (& then later a far better than previously forecast H2!).
I'm not looking to add before the announcement, but also wouldn't personally expect to be able to after at these current prices.. - I think just meeting previous forecasts will give the sp a small boost.
I think James has far too much on his plate to consider changing from AIM for the time being. I for one like the opportunity to top-up with these fluctuations.
I think every single new RNS now will be timed at 16.30-17.30hrs to fit in with the West Coast of America.
****************************/articles/bidstack-two-shields-investments-and-bahamas-petroleum-2ad26a1
This website shows interims being out on Thursday: https://www.youinvest.co.uk/market-research/LSE:BIDS?tab=0&vw=kd&SecurityToken=0P000093GA%5D3%5D0%5DE0EXG%24XLON&Id=0P000093GA&ClientFund=0&CurrencyId=GBP&ms-redirect-path=%2F1c6qh1t6k9default.aspx
Maybe there will be another rns our for the podcast to discuss?..
I managed to top up @ 29p this morning - that usually sends the price down!
Maybe my luck is changing with this & HZM today