Member Info for preciousmaj

These announcements should have come after hours followed by an interview by Art to explain the situation in more detail. This volatility, panic and uncertainty was completely unnecessary.

As someone said, I think Art has put the FOR SALE sign up, maybe the potential jv partner needs a kick up the rear to sign on the dotted line.

HC, making reference to my initial post on this thread, if Argo can survive this year with $20m cash then I don't see a major concern as BTC halving will occur around Q2 2024 and most analysts are expecting a bull run before this time. I hope Argo don't sell any BTC before this period, so based on my earlier post they could have $200m cash at that point to pay off debt and invest in growth.

Yep agreed, price correction then a rerate due to BTC halving. It may be oversold in a year or two but each cycle creates a bottom, which will most likely be higher than the $17k this time around.

I said the next bull run is closer than most think. The next cycle will come by very quick IMO, better to be in then on the sidelines wanting a lower entry. I expect plenty of volatility and consolidation in between but its clear where this is going in the next 6-12 months.

Thank you for the warning but I think the Galaxy management team have a few more brain cells than you and have done their due diligence before ploughing in substantia monies in to the company so I will hold on here my friend.

Many analysts are predicting the next bull run could begin in Q4 2023 due to BTC halving around Q2 2024. If this cycle takes BTC to $100k+ and Argo can get by with $20m in the bank then our hold could be 2,000+ valuing it at $200m+ by Q2 2024 so debt can be fully repaid and the company would have a very strong balance sheet. Argo could potetially have a larger hold and BTC price could be higher than $100k like some are predicting. It's true that some analysts are predicting BTC to remain at these levels or even drop further before the next bull cycle, which is possible but I feel this will most likely reverse in the longer term leading to the halving event.

The bottom line is that no one invests in miners with a short term outlook, its only the derampers on this bb i.e. the shorters and traders that can't see the bigger picture. No one is doing anyone a favour by posting on this bb, everyone has their own reasons for investing / posting but its to ultimately grow their own wealth. This is a gamble like all other investments, I'm here because I believe in the potential to multiply my investment and will hold / add when I can because I see BTC rising taking Argo with it.

BTC has risen to $17,200+ overnight so will be interesting to see how the SP reacts today

Sharebel, you go on to every bb and ramp the crap out of the stock for 5-10% profit. I have seen this with my own eyes and many others have commented as well. I don't understand how you can take the moral high ground when you are known to ramp stocks that you're invested in then disappear when you have closed the trade. No need to be bitter about a loss, take it on the chin and move on. The company has been saved from collapse that you are omitting from your rants, feel free to comment on the bb but this is a major fact that you would mention if you had any credibility but are choosing to say nothing has changed from when the SP was 2.5p when the company was on the brink of collapse.

Sharebel is bitter because his ramps didn't work when he invested for a quick trade, he gave up and sold but soon after Argo announced the news of funding. Move on mate, you're gamble didn't pay off but others were more committed so let them enjoy the rise.

Yep nothing has changed apart from the fact that it has been saved from the brink of collapse and probably has enough cash to last the bear market.

Mara's debt is $900m and they hold is valued at around $200m today.

HarChris and Hexam took issue with my DCA at 3p, and now I'm in decent profit.

Don't trust anyone on these boards, do what you feel is best for you. There are too many wolves in sheep's clothing.

BDO are appointed by REVB to conduct the audit and they get paid by the company, which is why its wrong to say they have washed their hands of REVB.

If there are anomalies that BDO have picked up then they need to be corrected before accounts are signed off. BDO has to adhere to strict regulations to protect shareholders among other things. If there is wrongdoing, it doesn't just impact the company and its shareholders but has a ripple effect on the whole market.

A lack of confidence in the markets is a major problem that regulators are keen to avoid and accounting/audit firms have to do their jobs properly or they get fined huge amounts of money.

As long as our emails get to the right people then it's a job well done, as shareholders we have a role to play and sending emails out to IR won't do any harm but will give the company food for thought.

Dear Sir or Madam,

As a shareholder, I'm disappointed with the length of time it has taken for the investigation to be concluded and I'm not happy that the company is still in suspension.

The company were hoping to get the accounts filed on time in August 2022 and here we are 4+ months later with no target date for account publication. I am now worried that the company could be forced to unlist from LSE as we approach the 6 month suspension period.

I would like to know what the issues were, why it has taken so long to investigate, what actions have been take to remedy the situation and when you expect to resolve matters and apply to LSE to lift suspension. I don't expect a personal response to these questions before the market is informed but it's important that we're told the true picture and are advised the situation is under control, lessons have been learned and we're ready to move ahead with business expansion, hopefully before suspension is lifted so the market can absorb the (bad) news in time. I think several updates will be better than one, get the bad news out the way first then announce the positive news like good Christmas trading so the market is not shocked at once.

Shareholders are already disappointed with the poor share price performance due to these issues and the length of time it has taken to conclude the investigation and publish the accounts, and if there is a sell off when shares are unsuspended then the situation will get much worse due to poor investor sentiment.

I have noticed that BOO has taken a large position in the company, which could mean they want to acquire the company fully. Please update the market if the company are in negotiations with BOO and whether they or any other company have tabled an offer to acquire the company while it's in this distressed position.

HarChris, apologies I thought you were invested in Mara. Their debt is too high for my liking, BTC price needs to increase 4.5 times to around $75,000 to cover this debt fully. No credible institution will lend more funds with this level of debt outstanding. For you to be interested, it would suggest that you see BTC filling the gap between 16k to 75k in the foreseeable future.

The point is that Mara's debt is $900m and they hold is valued at around $200m today, you must have some due diligence before you bought in so where do you think BTC price will be in the near future to cover that level of debt?

HarChris, where do you think BTC price will be in the near future?

Mara's debt is $900m and they hold is valued at around $200m today, so who in their right mind would give them any further funding unless BTC price rises?

Interesting thought Mooh. I'm sure our resident mods will have a negative opinion on this suggestion.

Hexam, you raised 3 points that were addressed a long time ago.