Member Info for Sausage-dog

IMO an II is rearranging their books. They are almost done selling their arb holding. Check for 100, 200 and 300K trades over the recent trading history. I've been watching it pretty closely.
I'd prefer the BOD to buy their shares off market however it is what it is. This has created an artificially low SP whilst these shares hit the market. By my calculations they are almost done.
IMO the market will find the true SP level which will be well north of where we are here. This morning, the sellers 100K clips have been gobbled up by buyers. Check for yourselves. It won't be long.
DYOR
SD

It's due to the LSE website. At that time it was 5.3p to sell and around 5.4p to buy. Lots of buys this morning have been put through by LSE as sells.

Wait till the stock market tanks to new lows. Fiat printers on over time.
Apart from Gold stocks, money will turn to BTC for a home. As the only LSE listed BTC miner, I anticipate that a lot of ISA/SIPP/II money will flow into this stock.
Just because you are well ahead of the heard does not make you wrong. Patience.
DYOR
SD

I will confirm however my understanding is that the mining efficiency figure includes the depreciation for the machines at circa 30% per year.
As we have only recently massively increased the number of our machines, this depreciation will become more significant on a month v month comparison as the number of machines increases. It may appear that the mining efficiency is reducing on a month by month basis however this is just how they are accounting for this.

The Group confirms that 1,000 Bitmain Antminer S17+ machines, ordered and announced previously, have been installed and are in production this week. Their arrival brings total mining capacity to approximately 18,000 machines and 730 Petahash, a 244% increase in hashpower from the end of last year.

£1.8M income is not too shabby. That's > 10% of our MCAP in 1 Months trading...... Not 1 year......
Mining efficiency at 39% is pretty good and way better than other listed miners particularly given the hashrate has been up this month.
1000 new machines just in time for the halving next week.
Also looks like a revamp of the BOD and clearing out those who have been cashing in. I'll need to see what he was previously paid in 2019 but it sends out the right message to me.
+20% today.
GLA
SD

Argo is supposed to be a surrogate of BTC price. In the last 24 hours trading:
Bitcoin price UP 6% (8500 to 9030 USD)
Argo Price DOWN 6% (Close 5.42p)
That's a 12% increase in ARGO SP due at the close of today just to maintain our surrogate status from YESTERDAYS BTC price movement (hhhmmmm MM's you listening!)

There should be a good April trading statement TODAY that shows we are now a 2020 cash cow and not the old 2019 BOD lifestyle company, so this should be ADDED on top of the 12% they got wrong from yesterday. Lets settle for a round 20% increase, say 6.5p argo SP at the end of play today.

This is not AIM but the main market so lets not **** about today which for the above reasons should be a heavily blue day unless of course dark arts come into play.
Lets' see.
GLA

Thank you mms
Market is now a market.
Loading up and here we go
Dyor

NT to buy. Tree shake. Don't panic sell. Its what the mms want. They'll have to open the buying side of the market up at some point.

I've got both, however my #ARB shares are in an ISA Wrapper and my BTC aren't. It's always nice to maximise my personal returns and keep her majesties government away from more of my cash, particularly as I have the choice here.

9k BTC and April’s update possibly on the same day!
Looking promising for the week ahead
SD

Agreed. This is more than a shell. With regards to valuing it today:
1:Start with the base cost for a shell with add ons such as the previous tax loss benefit.
2:Add the IP/new business to this.
My point is that point 1 alone Is more than the current £2m mcap so its a no brainier to throw some money at this, if the MMs let you buy some!
DYOR
SD

This as only a shell also has no debt, and £11 million worth of previous accounting losses from the old bod that can be offset against future gains. That needs to be considered when valuing this as a shell. At a CT savings of 20% that's worth in excess of £2 M in addition to the shell. Add in the IP, new income streams and contracts and you can see that the company is valued on paper in excess of £2M.
If you disagree. Simples. Buy a different share.
SD

An exciting opportunity here. Re rate occurring. Looks like the placed shares have been consolidated and we are on the next leg up.
An empty shell should be circa £10M which gives a 2p target. Add to this the new data business and that could easily be a short term £15M or 3p target. I still get the feeling that we are still way ahead of the herd here.
Lots of upside I feel
Gla dyor
SD

Poptimist:
I have been keeping an eye on the share transactions particularly the UT ones at the close of play. Have a look:
https://twitter.com/Sausagedog19/status/1255892568073797632
Please add any suspicious UT trades the above linked post which can be for ongoing data collection. Just screen capture and upload and iffy end of play UT trades Feel free to use/share the images/data.
Funnily enough after our discussion yesterday (no doubt read by the MM's) the first trade today was a UT trade lifting the share price!! Cheeky sods. The MM's have taken notice. I believe these UT SP "downers" will now stop.

With regards to the 2019 accounts, they were "ok' however do not reflect the cash cow we have in the making in 2020. I focus on the 2020 monthly updates which indicate where the company is now and what it should be valued at. We are getting there. I have confidence in the new bod. The old bod have left with their 50 pieces of silver.
This is still a very cheap entry point for new investors IMO.
DYOR. GLA
SD

There is a seller offloading around 5.6p. There is also a big buyer of 250K clips at the same level today. Once they exchanged shares and the seller clears we should head upwards IMO.

Regarding the use of UT trades to manipulate the share price, this has been discussed with the BMN share here . Interesting reading.

https://www.thebushveldperspective.com/blog/public-articles-1/post/auctions-uncrossing-trades-and-evidence-of-manipulation-291

Argo up 4%
Hive up 14.5%
The MM's used a small value UT trade by the yesterday to rob us 5% of the share price. It's not the first time. It's MM market manipulation at it's finest. It's also been noticed.

I was expecting the April trading update to wake the market to the 2020 shareholder cash cow that Argo is becoming. A totally different company from the 2019 version that the ex-bod used as a cash cow for them selves.

Looks like we won't need to wait till next week for the trading statement to do this. Bitcoins overnight bull run should do the trick. BTC just smashed through $9400
DYOR
SD

So the year end accounts are to be published by the end of April. This leaves tomorrow or Thursday for them to land. I’ve got a rough idea of the 2019 numbers.
What I’m really interested in is the forwards looking statement from the bod for the rest of 2020.
What do people reckon.
Largest public ally listed btc miner by 2020?
Divi, share buyback?
Further machine purchases?
Projected 2020 growth estimates?

Halving in less than 2 weeks. Another BTC bull run? Exciting times
DYOR
SD

For those whom may be interested, there is a PUBLIC argo share chat group using the 'telegram' app which can be freely downloaded. The link is to the group can be found below. I believe it is open to all who wish to discuss this share

https://twitter.com/Sausagedog19/status/1253762930090422274

GLA
SD

That's the point. It is strongly related to covid and its economic impact.
The fiat printers are trashing fiat currencies. Combined with the forthcoming economic equity collapse, money will find a new home in gold and bitcoin. Not all of it, just some of it.
This is only the start. Treks £1 prediction doesn't look far fetched at all