Member Info for Phoebus

Indeed Chris. March's margin was 84% and this will increase as BTC goes up faster than mining costs. As we are HODLing all output the effective margin of all production surely also increases, so overall perhaps a 10% discount.

Front liners first, second liners second and third liners third. Only so much cash to go into assets at short notice so when there's a surge in the underlying commodity (in this case BTC) you often see the very front liners (in this case the NASDAQ shares) move first. You see the same in traditional mining, big producers first, juniors second, exploration last. You also see the same in cryptos themselves. Often when BTC surges alts take a breather and vice versa. They all get there in the end, just different ones take a breather or surge at different times. There will be days when ARB roofs it and MARA and RIOT languish. We've seen that before and will see it again.

Roughly speaking if we mine around 2250 BTC this year as I expect that equates to over £100M in revenue at the current BTC price which puts us currently on a multiple of less than 8 times earnings. At $100K BTC the current market cap would be less than 5 times earnings! If anyone thinks such multiples are overvalued for a tech stock in the midst of a bull market let alone in a super hot sector as DeFi and Internet 3.0 burst onto the stage causing a paradigm shift then I'm afraid I think they're in la-la land or spouting porkies. Crypto bull markets are an extremely powerful force and if naysayer want to stand in its way then they should expect to get ripped a new one.

tk, I agree with you. I always relish contrary view points as they get me to challenge my own opinions, but some of the negative arguments made on hear lately if you can call them that have been so laughable and ill though through I'm minded to put a whole swathe of posters on ignore. With so many messages posted here nowadays it's hard enough already keeping up with the well thought out informative posters without having to sift through page after page of agenda driven bilge.

'BTC moving down fast.' LOL. Paper Tiger.

To be fair, it's not putting them off VLRM.

My thoughts too. I have a feeling the next few weeks will be massive for NFT related stocks. COIN is right in there and project launch is only a month away. Great spot to be right now IMO.

Many thanks for the responses. GLA

What's it like buying this through HL? Is it phone only, is there a limit on how much you can buy and how are they for promptness and price? Thanks.

Enough is enough Poppy. Your incessant fuss is become tiresome in the extreme. Bin time for you I'm afraid. All the best.

and as far as I can see they have no crypto assets as yet and almost no cash, so surely they will need a massive placing at any moment to fund operations or coin acquisitions! We have NFT project launch next month, NFT development partnerships, DeFi project development, an ICO advisory service and a coin HODL including BTC and ETH. Can't even say it's down to VLRM being on the LSE as it is on Aquis like COIN or due to it's pending OTC listing as we are already on OTC. Wakey wakey market.

Truly dreadful analysis and choice of comparison.

LOL. BTC has finally broken out and the jaded miner investors look on in disbelief. With the BTC elastic band beginning to stretch I expect a sudden and massive surge across the board once the tension in the band gets too much. We are in a very good spot. I have freed up funds ready. GLA

Looks a long way back to July 2019 8.1p highs, but the market cap then was only £9.7M since which the massive issuance of new shares means the current market cap at 0.5p is already £7.3M! The old 8.1p market cap would now be reached at just 0.66p.

https://investegate.co.uk/kr1-plc--kr1-/prn/investment--equilibrium/20210412135936P366F/

Stocks tend to overshoot to the upside and downside, and I consider the recent high of 340p to be the overshoot price for that wave of the current crypto bull market. We have been around $60K BTC for two months now and I see ARB 250p to be about right for that price level. Consolidation has been going for some time and as you would expect the SP is now a bit under that level. Once BTC breaks out the SP should once again rapidly swing from being undervalued and keep pace with BTC before overshooting once again. I've read in several places that the miners seem to be geared about 2.5:1 with BTC so if BTC goes from $60K to $100K, which is predicted by August according to stock to flow, and we overshoot by the same percentage I get a price of over 900p for ARB. Of course, looking at PE ratios based on projected BTC cash flow would also be a sensible way to predict future valuations.

There's only one bog chain on the LSE and it doesn't start with A. ;)

Excellent post Matt. I agree about the negativity. There has also been an extreme amount of posting not directly related to Argo. A few informative comments on related topics are most welcome, but I often wonder if I'm on the right page when I look in here, an event which is becoming ever more infrequent. Best of luck to my fellow investors.

88E and UKOG's rallies were both beyond the pale and by an order of magnitude. Something definitely very odd in both cases. I'd be extremely reluctant to use either as a template for how any other oil share should perform going forward. That said, MATD does have some plus points.

Very low grade post there MB.