Member Info for snicklin74

Agreed Woody.

They haven't missed the AGM date as yet so judgement reserved for the moment.

https://www.proactiveinvestors.co.uk/companies/news/208751/argo-blockchain-sees-ten-fold-increase-in-sales-of-crypto-maas-packages-as-mining-breaches-mainstream-208751.html

“Highly profitable” in long-term, says house broker.

Alan Howard, senior equity analyst at the company's house broker, Mirabaud Securities, said following the rise in sales the company was now operating an annualised revenue run rate of US$2.5mln "just three months after opening to customers".

Howard added that if the firm met its target of 30,000 packages within its first 12 months of business, the run rate would increase to US$18mln, which when coupled with estimates around hardware, customer acquisition, and electricity costs would result in Argo becoming "earnings positive".

"Longer term, the company is well positioned to develop a mass market and highly profitable global crypto-mining service, having already secured enough power capacity at highly attractive electricity costs (US$0.030-0.038 per kWh) to be able to service over 150,000 packages from its Canadian data centres," Howard said.

Orange are you some type of fruitcake?

As Mozax has already pointed out it's actually circa 9M for the Hardware acquisition and leasing costs.

Have you researched this company or read the prospectus?

The packages are selling like hotcakes, once they reach 30K then they turn cash generative.

If cryptos return to favour anytime in the next six months then ..

It's a bit like buses, they are all coming at once (bad news that is).

It's trying to find a new trading level.

Second link still works, try the ARGO blog: https://www.argomining.co/blog

It was an example of how big blockchain and cryptos are, it's happening out there in the world.

Here's another site: https://cointelegraph.com/news/markets-fail-a-firm-rebound-attempt-some-altcoins-see-notable-daily-gains

A distinct possibility but at the moment you have 'catch the falling knife' scenario.

It may drop further for a short while before finding a new trading range.

Answers on a post card as this is a close one to call.

The rewards are there if the next drill is a success but with a COS of 25% that means that there is a 75% chance that it is a duster.

Investors have to understand the nature of drilling, the next drill has a decent chance but there has to be an expectation that it could be another dud.

Dependant on the outcome SOU could fall further or spike on a good result.

Factor this into your investment decision and buy/sell SOU accordingly.

Thanks spotted.

Another link for pawn about cryptos: https://www.argomining.co/blog/five-top-reads-for-new-crypto-investors

Pawn, I've read a few articles on different sites and looked at the charts but I don't know that much, from your reply neither do you.

However I also follow another crypto related share, this extract from one of their lastest press releases:

https://www.investegate.co.uk/kr1-plc--kr1-/prn/half-year-report/20180927070000P5929/

Since its invention in 2008, Bitcoin has lived through numerous market cycles. The longest downtrend lasted 415 days between 2013 and 2015, only then beginning its gradual rise to a crescendo in late 2017. During those two long nervous years, Bitcoin lost 83% of its previous value and the Bitcoin obituaries came thick and fast from the mainstream media. Yet the network statistics told a different story, Bitcoin the network was gaining wider adoption on all metrics and eventually the market caught up.

We’re currently in another downtrend, experiencing the same nervousness in the market as we did in the previous cycle, but instead of USD197 per Bitcoin the world watches on and winces at the current price of USD6,400. The market will undoubtedly consolidate at a ‘higher low’ in the near future as we will enter a new part of the adoption cycle. The difference this time is that we are seeing major moves into the space by some of the world’s largest financial institutions and because crypto assets are influenced by events and narratives, we see no reason why the market won’t catch up again as these institutions will allow greater access and spark a new wave of adoption.

The current trend has, as expected affected our portfolio. We’ve seen a loss due to the decrease in value of our cash equivalents Bitcoin and Ether. When combined with strong correlation between the price of these leading assets and the wider token market, the effects have been felt across most of our more niche token assets too. However, as we chose highly successful projects in the last part of 2016 and early 2017 and drew down on these at the right time, we therefore had significant funds to allocate during the shift in market cycle and we have been able to continue backing projects of the highest quality. Blockchain innovation continues at a rapid pace and we’re excited about how our portfolio is taking shape and we’re confident that when a change in sentiment comes, we will be in a very strong position to make the most of it.

Let's sort the accounts that you get a debit card first.

Credit cards may or may not come later dependant on the success of the debit card account (no credit).

Looks like a very good investment opportunity apart from the declining share price and the weakness in the oil price.

As is often the question, when will this stabilise and hit the bottom?

Bad timing at the spike of the day.

And not a massive amount unless there will be another purchase further down the line?

Plus no other directors have purchase since the RNS.

It'll be another late RNS then later today?

Irene, with three packages it would be an investment over a year at circa £1500. If it went up 50% or more then I would be happy with that. Most crypto's have fallen 75% from their highs, so if they went back up to that level it would be 400% profit but I'm looking on the conservative side, it may take two years to achieve 50%+ but I'm fine with that, I'm having a little bit of exposure to the crypto market.

First purchase: Amerisur Resources Plc, the oil and gas producer and explorer focused on South America, announces that on 23 November 2018 Elodie Grant Goodey, independent Non-executive Director of Amerisur, acquired 36,959 ordinary shares of 0.1 pence at a price of 13.50 pence per share, for a total cost of £4,989.46.

Irene one package is $50 per month circa £38, so you can see why some like me with no direct crypto exposure would like to build a medium term stake, I have three ZCash packages.

I'm not looking to sell every month even if I was making 40%, I'm looking to build a medium sized amount over the next several years while the crypto market grows, at £120 a month it won't break me but when the crypto cycle turns I 'll have some direct skin in the game.

If there are 10K people like me who take three packages then ARB have got to break even.

If there are 100K people like me who take three package then ARB are raking it in and investors will be rewarded.

It will take time.

As far as the share's are worth the price is pretty abysmal but that's down to the crypto market, ARB has mirrored the fall. When the cycle turns as it has done historically then the reverse should be true and it will turn into a great investment. Unfortunately shares as you will know don't always go the way you want them to.

If you have purchased a package and was trying to make a quick buck I don't think that is the best investment strategy particularly in this market.

However if you are like me and want some exposure to the crypto market directly I have three packages at circa £120 a month which I'm happy to sit on medium term. I think it is achievable for ARG to have 30K+ subscribers who take the medium term who want that exposure to crypto's on a small scale on a monthly basis, most probably like me won't have any crypto experience but see that it is the future and want a small part of it.

Same here but took the medium view to give them time to build the business model and for the cyclical crypto market to come good.

Thanks Bigmj

I'm sure the company will re-list in quarter one at the best time for the business, to long standing share holders January, February or March will make no difference as long as you guys get it right.