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There are some seriously chunky late trade showing for both buy and sells. Top of the charts are £810k for 'sell' and £711k for 'buy'. A load of others around the £400k and £200k mark - exciting times!
I used this dip to add 35k shares to my holding.
The buy went through at 91p and has nudged my average up a bit.
I plan to flip some of these to buy back the stock I sold to find this purchase. I see ARB as being a great buy at this price, given the additional funds will increase the future hashrate 30% and allow the BTC hodl to grow.
We've recentky seen in other mining stocks face this kind of dilution and it hits the SP for a few days and that's it.
However, given the US are unable to trade I'm not sure they'll be looking to trade the dip but rather buy the dip and that should see the SP increase from the bell.... but that's just me guessing! Fingers crossed and Glah :)
TF - Blonity did tip other miners as you said, but that was before today's announcement! The SP has dropped 15%, the future hashrate is up c30%, there are millions more $ in the bank so BTC hodl can grow. It's all good.
Blonity also said today that ARBs news would impact his BMXI so let's see who comes out on top after this news. :)
The £22.5m placement will add 100% of ARBs current hash rate. Or 50% of the soon to be enlarged hash rate. This in exchange for 8.5% dillution. That's got to be a good deal in anyone view!
Well done Argo.
"expansion of the Company's mining capacity in Q1 and Q2 of 2021 through a purchase from two leading manufacturers. This new mining hardware expansion is expected to be installed in batches at Core Scientific's facilities in the United States between February to June, and is scheduled to be fully operational by June 2021. This expansion will add approximately 610 petahash to the Company's installed computing power, bringing it to a total of 1,685 petahash or 1,68 Exahash by the end of Q2 2021"
As per the video - is it true that PHE have only 4 employees?
Thanks for the clarification.
If an offer is accepted for the full sale of the company is that the day the shares stop trading and we will at some point in the future (weeks / months?) have funds from the sale added to our shareholding accounts ? Is that how it works?
In previous scenarios like this I was much more distance to the process and didn't really care to understand!
Thanks
RNS saying FSP conclusion or RNS saying Recommended Cash Offer - would these both lead to a recommended price per share and suspension to trading? If so, any idea how long monies might be tied up? Genuine questions! :)
There are 3 different OTC markets-
Here's a new Argo youtube promoter from the US and at 1.50 he explains the difference between the 3 x OTC markets.
https://youtu.be/7umBRLoTGiM
The US BTC miners on the 'Pink Slips' are likely to be affected by allegations against BTBT ($1b valuation) due to fraud.
https://www.forexlive.com/Cryptocurrency/!/bitcoin-fraud-allegations-that-bit-digital-btbt-a-fake-cryptocurrency-business-20210112
Good RNS, eg:
"The value of the investment portfolio has grown by approximately 78% per cent over the year increasing from £5,101,587 to £9,063,432."
Nice!
Who knows what's a buy or sell given the days activities but if we look at blue vs red there are some seriously chunky 'buys' (blues). 7 of which are over £200k each!
I did watch the PW interviews some time ago and they are worth watching again. Great to have such transparency!
My main point re. ZCash is that whilst BTC has gone up 300% in the past 3 months, Zcash has only gone up 30%. For now, whilst BTC value has outstripped Zcash value we will get fewer BTC for our Zcash buck.
So the question is, what % of the mining returns Zcash vs BTC? I'll watch the videos again and post my findings if that detail is clarified.
"BTC equivalent" is a phrase use by ARB so its fair to say that not all assets are BTC but, yes, most / all(?) Zcash is converted daily.
From my analysis of the monthly figures, the Zcash question is a little bit the 'elephant in the room'.
The monthly reports and hodl are based on BTC and "equivalent". I believe ARB hold polkadot (aquired), zcash (mined), btc (minded) and others. For ease of transparency Argo covert the value of all crypto held, mined or investment, into BTC value. This does not mean that value is held in actual BTC.
For example, if they've been really smart they would sell their BTC and buy into other miners and leverage the **** out of 'BTC equivalent' and report a huge BTC value increase for Jan!
That would see a very tidy return for us!
From the Dec report (the reason for the BTC drop is not mining difficult (imho) but the growth in price disparity between BTC and Zcash. This needs to close to or we may not see the BTC related revenue growth expected in Jan or until the 4000(?) new BTC miners are full operational.
From the Dec Uodate:
"Argo mined 96 Bitcoin or Bitcoin Equivalent (BTC) compared to 115 Bitcoin Equivalent in November. This takes the total amount of BTC mined year-to-date to 2,465 BTC."
I'm an ARB holdr so just my thoughts.
hmmm that didn't format well! Take 2.
Miner______Stock Price_____ Mcap _____HashRate _____Forward Hashrate______$/PH
Riot_______$22.72__________$1.534B___566 PH_______ 1,446 PH (early May)____1.06m
Argo______$01.16__________$468M_____645PH_______1,075 PH (Feb) _________435k
Based on todays prices ARGO is 2.3 times cheaper the Riot - that's nothing to panic about!
Miner Stock Price Mcap HashRate Forward Hashrate $/PH
Riot $22.72 $1.534B 566 PH 1,446 PH (early May) 1.06m
Argo $01.16 $468M 645PH 1,075 PH (Feb) 435k
(I hope I've got those numbers right!)
Agreed PW is doing an excellent job and the only mis-step was selling some of his shares too cheapy! Thankfully has has many more.
Re. Riot Comparison - they will have 1,446 PH/s by April and jump ahead of ARB, but for now the SP difference is very reassuring, even at these new highs.
GLA, what will the day bring...
Ah, we are not on the AIM market! Sorry!!
On the AIM market the MM can see your stop loss and can drop the price, even for a second, to trigger your stop loss and get your shares, should things get really tight for them. Stop Losses are best avoided on AIM stocks.
VW have developed charging robots which will also need to be charged -
https://www.volkswagenag.com/en/news/stories/2019/12/volkswagen-lets-its-charging-robots-loose.html
Also, to add to the lust below, Skoda is a part of the VW family.
My guess is the Telephoneman is much better informed than myself about all things PHE!
That said, the SP alone is not really meaningful in issolation as it says nothing about: number of shares, MCap, state of technology, partners, funding, competitors etc