Member Info for qwertyqwer25

Haha Kabunga is the biggest muppet of the lot. Hope he reads this :)

When are the muppets in charge of this company going to fire up the share buybacks? Hedge production at $50 for at least half of output using puts only and fire up the biggest buyback scheme the company has every done. I'd say minimum $100m a year in buybacks and scrap the dividends until the SP is north of £3 where it should be.

will be over 4.4b shares in issue after this fully diluted

A share buyback would greatly help get rid of the seller that is constantly driving the SP lower. Andrew Austin at RRE did a share buyback with extreme success. Clearly in this environment there are no good deals out there as every asset is printing money. We should be at £200m cash minimum by year end and likely to add another £200m next year with a current market cap of £500m this is a comical valuation.

Comment by Richard Sneller who is just below 3% shareholder.

TXP. If Kraken comes in … Trinidad becomes the new Suriname/Guyana. Most exciting drill of 2022. Hat-tip to a boozy Frenchman who got me in years ago. Not investment advice. Obviously.

The two unknowns are my two buys. Thought now is the time to load as its consolidated well and June should be full of news.

Weak market and not much trades in this name hence the SP weakness but confident this will move to £2.50-£3 once a couple of the talked about contracts land. Still think this remains a takeover target but hopefully not short of £5 a share as i really think that is where this is heading next year.

What are realistic market cap expectations here? I think £350m (£5 a share is a fairly short term target) but i think a £700m-£1b market cap by end of 2022 is possible if contracts continue to land. This could be another MXCT type rise.

300-400p on Royston success?!?!?! No chance of that. Maybe once it on full production along with Casca we can see those levels or more

interview is certainly required now to provide a better explanation to the market. Paul I'm sure is quite surprised with the result being oil rather than gas. With regards to Royston, Shell drilled the well looking for oil. Encountered gas so didnt bother to test and abandoned the well. To me that means Royston will be gas which will need to be tested for commerciality. If the test comes up with oil then Shell were incompetent back in the day to not even test the well after drilling. With what they have already found and proved commercial this is a buy for me. £2 a share this year can still be obtained if Royston comes in as gas discovery of the size expected and possibly more if Chinook is proven a commercial oil find.

Your eyes everyone. After halving BTC has failed to rip and difficulty is barely changed. That suggests somehow and somewhere some very efficient BTC miners have come online drastically reducing ARB margins which are still decent imo. With depreciation and other admin costs this is a business not worth more than £20m. The market also doesn’t have much faith in the stock so I have sold out a while ago and taken my losses. I don’t think the BoD have done anything wrong but the margins have been decimated so the business proposition is no longer attractive to me compared to other stocks. Hut8 will go bankrupt later this year imo. I still believe in BTC though so will be looking to buy more of that directly. Ideally BTC has a flash crash to sub $4000 so I can load up.

is selling still! Eric would have been completely out by now so one of the other big holders must be selling. So frustrating! I did buy a small amount today but not willing to add a lot more until the seller is done.

a sad state of affairs this SP is. Its time will come but fortunately i sold half my ISA holding when the price rose to 16p. That money i will re-invest here but im looking for sub 10p to get that back in. 60% of my SIPP and a large chunk of my non-ISA is in this so still have high hopes for the future. We just need to be very very very very patient as the manipulators of this share have gone nowhere.

Update. Revenue well below expected and mined less than March when difficulty was higher. They are hiding some mess up in the month of April imo. Hope the market sees through it as I will not be happy if the SP dips into the 4’s again. Come halving we need difficulty to drop 50% assuming constant BTC price or our margins will be reduced to peanuts and dreams of a double figure share price will just be dreams. Downgrading this to a weak buy

Starting to lose my patience with this share but i assume there is still a big seller about and until they are clearer it wont break much higher. Halving should be good as it gives more clarity on the next 4 years once we know how many miners end up shutting down. April update should be out soon. Maybe they are waiting for the new machines to be online to include in the update.

price reaction pretty meh to BTC rise tbh. Only way to generate confidence is to state the current cash level with every monthly update. I also suspect mining machines may get cheaper post halving if less efficient miners shut down and dont have the cash to buy more. Bitmain may have to reduce pricing as demand for new machines drops.

We are red! Shows the market is rather displeased with the results. Interesting note about upfront payments for power costs as that is a strong positive if true. If I were a rival I’d be putting in a 7-8p takeover offer ASAP before the numbers start to look really good later this year. We just need to keep adding the machines and grow fast so any takeover would be done at a higher price.

Lol. It’s not a spectacular RNS. Cash is a lot lower than I expected and they had to take a loan for machines. Good that it’s gonna be paid back by June but the company simply don’t have the cash for a dividend yet or share buyback. Best hope is to continue to invest in new machines. I think fair value for Argo is around 8-9p for now. Dreams of 50p and £1 a share will remain just dreams for now. If the company continues to perform well over the coming year we should creep into double digits share price but overall I’m slightly disappointed although its a good RNS. Let’s see what the market thinks

Id rather they spent some on machines and also some of buybacks to boost the share price up to 10p. When the market start to see the value and the share price is over 20p can always re-issue those shares and essentially double its money for use on new machines. Let see what the BoD do.

Next i want to see the 2019 results to verify the costs and profitably of the business. I want to also see what the BoD are planning to improve shareholder returns whilst growing the business. I'm not gonna stick around if the BoD cant develop market confidence in this share. My preference is increase machines, further lower electricity rates, share buyback, dividend in that order.