Member Info for shandypants2

covid 19 will have delayed EVERY possible deal for every company. Give the guy a bit of slack. If you believe in this share, nothing has changed.
It was a estimate FFS

it is very positive. 2 massive issues for GKP were non payment and low oil price - with current agreement company has said breakeven is at $35 p.barrel.

One appears to have been partly resolved - yes only 1 payment, but a step in the right direction.

Now hoping oil prices progress back to say $50 range.

If so GKP is surely massively undervalued.

proactive interview from March 6th - i missed this at the time, so thought others may have too

https://www.proactiveinvestors.co.uk/companies/news/224141/argo-blockchain-builds-mining-capacity-to-ride-crypto-wave-224141.html

https://www.bbc.co.uk/news/uk-52129008

It appears fake tan is still selling well at Boots!!!

not sure why the drop today - low volumes and more buys than sells. Another cheeky top up for me - even after i said to myself to not invest anything for the next few weeks!!

Recent drop has been massively overdone. US deal could drop anytime, although suspect covid 19 not helping.

Incidentally guessing hospitals in US not doing IVs at the moment due to pressure on beds - ideal opportunity for Feraccru IMHO

yes, 28th Feb i think, before the Feb figures were published.

CEO stated that halving would see the hash rate increase by c15% to 40% as least efficient machines get turned off. This was during the time when BTC was c$8k to $9k. Now it is c 25% lower.
It would appear the first 15% may have already switched off due to BTC decline so if remaining 25% switches off next month then difficulty should reduce accordingly.
If most efficient machines can produce BTC now at c$2,500 per coin now this will be c$5k at halving. With difficulty adjusted this could take it down to c$4k. Still a decent margin for ARB even at these low BTC levels.

With year end results due soon (will these be delayed due to covid 19) i'm hoping for
1) special dividend to be announced - 1p has been suggested and this is affordable
2) now that new machines are up and running get an idea of net profit for 3 months from Jan to March.
3) give an idea of profit post halving. For example if conservatively we make £500k a month net profit now after halving will Board go on record to say expecting £250k min. Whilst this seems low it is still £3m a year so at a PE of 10 values ARB at £30m. Our current valuation is £10m - so a 3 bagger. Also having some numbers would reduce the share price mapping BTC price. Yes it is important but it is not the only variable

as i said.. i hope i'm wrong.

Yesterday UK had over 500 deaths and US over 1k. Looking at the death rise charts both UK and US lines are increasing at a greater rate than Italy. These are the facts.

At the moment i would not invest (more) in any travel or entertainment business until we know the true scale of this pandemic.

Chesh is being overly optimistic so for balance i'm giving an alternative view - back up with facts.

the £8m in cash will be used up as EVE is loss making - it lost over £10m last year.

Come end of H1 how much of the £8m will be left? It's not rocket science why this is valued so low

Many thanks for the reply GB and thanks for clarifying. This is clearly good news.

As the price dropped yesterday during a positive day in the market it appears i'm not alone here. Similarly IMHO it was poorly explained in the Proactive interview (but in defence you are usually very good in such situations).

Also whilst i understand that it is sometimes difficult to quantify certain deals recently signed it was only on 3/2 that SKIN issued a "management expects a material contribution" RNS and the headline from the recent deal with MWG was for $3.75m yet on reading it it appears it's c£400k for SKIN per year.

James - the share price has dropped c50% in the last month or so. Stop being a t*at

Chesh - just out of interest, how many videos or pictures have you seen from inside UK hospitals?

I've seen more clips from Spain and Italy. Strange that isn't it. Maybe the government and the NHS are trying to keep a lid of things.
Why is it that staff say they haven't got enough protective gear to wear and yet govt repeatedly deny this. Who would you believe?
Both Boris and Trump have mishandled this badly. We are meant to be in lockdown yet 10 flights a day are still coming in the NY to the UK with no quarantining. China locked down massive cities and tracked people via phone apps.

I hope i am wrong but we could be as badly hit as Spain and Italy.

Chesh IMHO this could go as low as 1p - worst is to come in US and UK.

You've been warned

yes but he also said cash until May only - that's 2 months away. Raising now would be at a massive discount.
Best hope is for a Croda or similar to take a stake but everyone's conserving cash ATM

is this £2m rev all for SKIN or does it include partnership deals? On Proactive Interview yesterday GB was a little evasive when asked.

Reason i ask is that the recent £3m deal announced with Modern Water is actually 60% for MWG and 40% SKIN. As it's also over 3 years that's c £400k a year for SKIN.
Decent money but not quite the headline figure on the RNS

weather, are you invested here?

22 posts in the last month, all of which are negative. Strange behaviour

surrey - i am keeping it factual. RNS only last week stated production at 38k per day and unaffected by COVID 19. Brent price has been on or under $30 a barrel for a couple of weeks now and yet no decrease of production. So do you agree we are effectively producing at a loss at this moment in time?
I also think there may be a minimum daily barrel amount we must meet - although this could be deemed non enforceable due to non payment

why is it a great RNS?. Yes Jupiter are selling out but not sure how much they have left. This could go on for weeks.

Once cleared EVE is still a loss making company and rev will decline further due to COVID 19 impact, which they stated only last week.

guessing retails sells will be very low ATM so DTC is key.

Get your orders in - does sun screen and moisturisers as well as instant tanners.

Use code welcome20 at order stage to get 20% off ALL purchases

chinese lockdown was almost 12 weeks so c3 months and they had a proper lockdown with phone apps being used to track people's locations etc.

We delayed the lockdown and even now the measures are too lenient. Currently planes are still coming and going to/from NY without any quarantine etc.

At govt briefing yesterday medical expert said up to 6 months.

Think you need to take your rose tinted glasses off.

So with brent crude price has dropped to $23 per barrel and with GKP saying they need 'only' $35 per barrel to break even are we currently losing $12 per barrel?
At 38,000 barrels a day that $456k a day or $13.6m a month or $164m per year.

Makes our £150m in bank look less positive now

Cash is already tight tough, explains why he needed to put the extra £1m loan in. Need some revenues coming in asap as production costs are high and pretty static