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Neil22, here’s an idea for you; why not sell your 10.000 shares and then buy them back when they issue the next positive RNS? By my count Argo have issued 6 RNS’s in 18 trading days this month - what more do you want? Yes slow trading, I think we’ll be on a lot of watchlists of investors who are waiting for confirmation of the Hive deal etc. Meanwhile, we know crypto prices are around 10% higher than on Friday.

Yes the February change in strategy is looking like an inspired decision at present! Idiot441 your post from last night looks spot on in terms of what we need to see. 1. Confirm deal with Hive goes ahead on lines previously announced. - Hive value Argo at 11.7p, the initial announcement took the price from 3p up to 7.5p, confirmation of the deal will see the price re-rate quickly to the 11p region I’d imagine. 2. Confirm deal with First Investments goes ahead on lines previously announced. This was the most unexpected news, and also the most vague, we need detail on how such an arrangement would work - what kind of margin do Argo make from the $1m? Hopefully they are transparent about the deal... 3. Trading update that confirms mining, profitability and cash position Yep, black and white figures will make a difference to potential investors - mining profitability looks a certainty in May with the rise seen across all crypto coins they mine. Cash should be £12-13m I think. I’d like to know what their strategy is going forwards re. selling or stockpiling coins. So an exciting period of news coming up, fingers crossed they can execute everything smoothly and get the share price back up to IPO levels. If crypto continues to move up there is no reason this can’t reach 25p+ given the present value discrepancy vs HIVE.

Positive news continues; https://about.att.com/story/2019/att_bitpay.html Market cap is just shy of $245B, this time last week it was $228B, so we’ve seen a 7.5% weekly rise. Sadly, this has not been reflected in Argo’s share price (yet!).

Crypto has been rising since this morning actually - current total cap is $242B up $7B today. Short term traders are selling because the price hasn’t gone up every day and try can’t hold for more than 5 mins. Market makers know this and take advantage by dropping the price on single sells, to then sell the same shares back to new buyers at a higher price again. Hold and wait, and as you say Argo mine day and night regardless of short term share movements or changes in crypto prices.

Dead money because it’s a long weekend? Your post suggests you are about 15 years old, if you’ve not got the patience to hold until the end of June then sell your 10000 shares and buy back higher when Argo release the next RNS. Ps, don’t take it as gospel when certain posters start talking about the price doubling in one day!

Re the last sentence on the full production capacity currently employed, I can’t see details of how many mining units they had in operation before the recent purchases of the Z11’s and S17’s? Looking forward to the $1m revenue for May RNS :)

I second that - really valuable and aids understanding. Also agree that we won’t see any significant re-rate until the May profitability is confirmed - but there have been more buys than sells today, including the £28k at 8.17 which paid the full ask of 6.50.

Thanks a lot for that really informative post Andinio, provides a lot more depth to the RNS releases. Did a quick google and found some comparisons of different mining machines; https://www.asicminervalue.com $13.30 per day for the Z11 at current prices, but Argo have a great electricity deal so should be slightly more profitable. And as you say less profitable for the S17’s at $10 or so - but multiply that by 1783 machines and you still get an impressive daily profit?! Some of the new equipment due to be released later this year looks like it will take things to the next level; https://www.asicminervalue.com/miners/obelisk/grn1-immersion Due for release in October, costs $20k per unit but capable of $850 per day of profit? Is this for real? If yes, I’d like to think HIVE/Argo would order 20-50, as they would take things to the level level...

Completely agree EyeGuy. Also there are loads of articles out there about the impact of the next Bitcoin halving in May 2020; https://www.proactiveinvestors.co.uk/companies/news/219802/why-the-next-bitcoin-rally-could-be-closer-than-you-think-219802.html “McDonaugh says that following its dramatic rise and fall last year, the mainstream market has “forgotten about Bitcoin” but that frenzied interest will return when Bitcoin reaches the next milestone, most likely when it returns to US$10,000. He estimates a renewed buying frenzy could push the currency as high as US$60,000 in the longer term.” Just imagine that by the halving event next May Argo have 3000 bitcoins on their balance sheet, and the price starts to rise past $20k! I feel that they will look to mine as many as possible in the next 12 months before the halving, hence the dramatic ramp up in mining equipment. At 6.75p we are just getting started, and as you say there is no way the price can remain this low - just a matter of patience you would think!

A reminder of the good old days in 2018 when the company actually communicated with shareholders! “Brave Bison Group plc (BBSN), the social video company, has been named the world's third-biggest digital media publisher. According to the global leaderboard of "Most Views by Media and Entertainment Properties" produced by Tubular Labs, the leading global video measurement and analytics platform, Brave Bison's owned and operated channels on Facebook and YouTube had more than 4.6 billion views in April 2018. This performance puts Brave Bison third on the list behind global media companies, Time Warner and The Walt Disney Company. Based on Facebook views alone, Brave Bison was number one.” It’s also helpful as it provides comparative viewing figures for last year, and they must make hideous reading for the conspicuously silent CEO; April 2018 : 3rd in the world with 4.6B views April 2019 : 14th in the world with 2.3B views What on earth has gone wrong??? Given that Facebook views provided a huge portion of their revenues, this must surely have serious repercussions on their revenue for H1? Backs up my prediction for a return to 0.7p by the end of the year, barring a major change in attitude, communications and performance firm BB

A good Post from the ADVFN board; Some maths; In April, Argo predicted they would generate £220k of crypto assets at a BTC price of £3935 - equivalent to 56 BTC. They then purchased 1000 Bitmain Z11 mining rigs for £1.3m, which was predicted to boost mining to £500k in May @ £3935 - equivalent to 127 BTC. They predicted that it would take around 9 months at £3935 per BTC to repay the £1.3m - so 36 BTC per month. At the current price of £6300, it will take under 6 months to breakeven on the Z11’s. In the last week we have heard that they have purchased another 1000 Bitmain S17’s for £1.5m + 783 S17’s for £1.15m. Assuming their productivity is similar to the Z11’s they should be producing an extra 60 BTC per month by the end of July. So 190 BTC per month in total. This would give an annual run rate of 2280 BTC, which at $8000 per BTC would be $18,240,000 per annum. HIVE Blockchain had mining income of $35.2m in 2018, and has a current market cap of £120m. ARB current market cap : £22m/$18.2m revenue run rate = £1.2m per $1m of revenue. HIVE: £120/$35.2 = £3.4m per $1m revenue. If ARB continued to re-rate to reach the equivalent value of HIVE, it’s market cap would be; £3.4m x 18.2 = £62m or 21.1p per share.

I think this goes lower from here - other than hoping to trade it for a quick buck there is no reason to buy right now

Thought I’d kick things off here - this one has been really under the radar since it floated last year... There was an excellent research paper by Arden Parters on the litigation sector released on 29th March - it’s available on research tree for anyone interested. They upgraded their target price from 175p to 230p based on the recent performance of ANX - profit before tax will be a minimum of £16m which is well in excess of the £14.8m that was forecast at IPO. I believe that this will be the first of many upgrades as the IPO cash helps to clear the backlog of 18000 cases, as they build up personnel in their new Bolton office. As mentioned by mrmumpty the free float is around 12% - we have all seen the impact of this in Manolete and when even 20 PI’s spot this opportunity it could rise significantly. PBT of £16m and a market cap of £132m seems like a big disconnect - look forward to the final results tomorrow!

Re the large trades on Friday, saw the same thing earlier this year in AVCT - they are transfers between II’s, hence why they don’t change the SP and also why the shareholder register has now changed so much.

In short, 1.8p is in play due to negative sentiment associated with the CFO sale, under normal circumstances the share price shouldn’t even be near to 2.4. The results RNS was also a bit of a brain dump with a lot of unnecessary waffle and at times raised negatives for no good reason. Finally, I think that the board should consider putting their hands in their pockets and invest real cash rather than issuing 0.1p stock units to themselves and then selling them a month later - this will help the share price rather than diluting everyone else for their own benefit.

Surprised that nobody really seems to have cottoned onto the significant discount on offer here - a very positive recent trading update, oversubscribed placing in Feb at 4p but due to City Financial selling 25m at 2.37p we sit way below recent levels. News on the new training centre opening in Brighton is due in April as well as 2018 results that will show revenue growth of 100%+, some of which is acquisition related, but London also grew by almost 100% in 2018 so organic growth is equally strong. Recently updated 2019 broker forecast is for £10.8m revenue and £1.2m profit, giving Basic EPS of 0.46p and putting Malvern on a forward P/E of under 6 at present - crazy when they have achieved 100% growth last year! The new management team are clearly ambitious and this recent proactive video is evidence of the CEO’s passion to grow the business; https://www.proactiveinvestors.co.uk/companies/stocktube/12567/malvern-international-has-the-infrastructure-in-place-for-growth-in-2019-12567.html All in all this looks to be a bargain - education will always be in demand and they have turned the existing business around whilst also increasing the number of locations on offer. Should be back at 4/5p by the end of May IMO, off the back of excellent final results and Brighton expansion news - anything else in this period is a bonus.

What update on the share sale??? It’s not official so means nothing to 99% of investors, they should have issued a share price movement statement to draw a line under it all. Instead it festers on leading to more selling - such as the 1.5m at 2.45 that went through an hour ago. An absolute joke of a week here, talking up your results release on twitter and then having the CFO sell the same day, schoolboy doesn’t come close. If he was that desperate for £40k then just give him an advance on his bonus, anything is better than the comedy of errors that has played out.

The market cap at listing was £219m, yet revenue was only just over £1m last year?! In comparison to Bushveld Minerals this company is materially mispriced. The SP reaction so far is unsurprising , the question is how the listed at 70p per share?

Ahh, strange thing to post if you’ve got 2m shares no?

Tyla, you seem to have misread the RNS. The quote was; “At 30 November 2018, the Group had £5.1 million in cash and cash equivalents and no overdraft or other borrowings. The Group expects to be cash-flow positive for the year, despite investment in strategic initiatives” So no they haven’t been spending their cash reserves, they’ve been growing reserves whilst investing in projects - exactly what you want for a developing business that is looking to grow strongly year on year! Tomorrow I’m hoping for; 20%+ growth A decent update on the Tencent partnership - we know from social media that it’s been doing well, but just how well is the question? Confirmation that current trading continues to perform well. If we get the above three things, I think we can say hello to 4/5p, with a lot more possible.