Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
Story of my wife’s life ??
Anyone know why the two price monitoring extensions after hours ?
Slightly off topic but have a look at the TSLA Stocktwits page
He’s getting pretty much savaged on his stance regarding Bitcoin and seems to be a massive sentiment within the board to short his stock
If indeed that materialises then I would expect another random tweet on how much he loves BTC and the share price to follow suit
Though not sure whether that’s a good thing given his damage the last time
As for a red day tomorrow I don’t think it will be as bad as some think in fact I thought last week would of been worse then woke up to a green day
We gained some traction on the back of Elon’s tweets and PW’s RNS let’s hope it continues
Saby if it’s the share price you care about then surely you should appreciate all the the RNS’s that go into detailing what’s going on in the background that should make the share appeal to the masses
Literally all you do is moan and the best part your consistently wrong
Saby i guess you don’t understand the phrase of « tapping into consumer sentiment «
It’s actually quite a savvy RNS given the mayhem yesterday
Don’t know about you folks but I’m putting as much info as I can on his Twitter about Argo and their green credentials
You never know he may see it or at least someone might look into it
Every little bit helps
£1000 @£1.33 took about ten attempts
Think about it - when Tesla announced their earnings report it would have been a loss for the year if they hadn’t of sold Bitcoin
For someone that holds reportedly over a billion in Bitcoin my guess is he’s looking at buying more when the price drops
Because if he isn’t he’s probably done more damage to Tesla than Bitcoin with that tweet
Only a guess
Anyone else find the silence lately from PW or Argo deafening?
I literally hope the silence is because something big is about to be announced
Feels like the share is bleeding out and we’re behind with big announcements that we all want
Yes I know nothing has changed with the company etc
Just randomly thinking how good would an RNS be this month or next that includes the elusive Nasdaq news and coincides with the ipo Pluto
Of course including the investment in Pluto
It’s a stretch but would be a wonder move
@ Delacey I would expect any new like that would have to be announced as both markets are open so it’s all fair to both markets
His maaaaaaaybe quip had 7 A’s ?? but I’m happy if this expected news lands tomorrow
So if this RNS is indeed related in some way to a potential announcement does it have to coincide with the American market opening as well ?
If and when this gets up-listed am I right in thinking that any RNS would have to be coordinated with the American market opening as well ?
Thanks Rana3 I always look forward to your positive posts
Your negativity makes me smile no end
Just hope your still posting when this goes up
Absolutely hit the nail on the head with the Nasdaq comment
Argo has a fairly dedicated investor base but exposure to Nasdaq is 100% needed for more investor capital
I mean if I was invested in Riot or Mara and compared them to Argo of course anyone with sense and money would invest heavily in Argo
Without doubt I personally feel the only thing holding this share back is it’s exposure to other markets
I think the American market will appreciate this RNS more than the U.K. market
Even the new machines have already paid for themselves and if I’m reading it right all money for the Texas facility and costs has been raised
All profit from here on in
Financial highlights ? Revenue increased by 120% to £19.0m (2019: £8.6m) ? Total number of Bitcoins mined rose from 1,330 in 2019 to 2,465 in 2020, an 85% increase in annual production ? Mining margin 41% (2019: 60%) despite challenging market conditions, including Bitcoin halving in May 2020 and the global impact of the COVID-19 pandemic · Administrative expenses were reduced by £1.1m to £2.4m as a result of series of cost reduction efforts ? Achieved EBITDA* of £7.9m in 2020 compared with EBITDA* of £1.4m in 2019 ? Delivered net profit of £1.7m (2019: £0.7m net loss) ? Cash and digital assets held as at 31 December 2020 amounted to £6.7m (2019: £1.2m) ? As at 31st March 2021, the Group held 764 Bitcoin and equivalents valued at a £32.6m based on the Bitcoin price at that time *Earnings before interest, tax, depreciation and amortisation Operating highlights ? Strong execution of "smart growth" strategy by new leadership team under chief executive officer Peter Wall and executive chairman Ian MacLeod following their respective appointments in January 2020 ? Mining capacity expanded from 210 petahash in January 2020 to 645 petahash on SHA-256 and from 180 Megasols to 280 Megasols on Equihash Post balance sheet events ? All mining machines currently mining have achieved over 100% ROI*, including those installed in January and February of 2021 ? Acquired 320 acres of land in west Texas for a total consideration of US$17.5m with access to some of the lowest-cost clean electricity to support a hosting facility project as part of the next phase of smart growth in 2022 ? Raised £49m in new equity for investment in mining rigs, Texas development, blockchain/fintech ventures including a significant equity investment in Pluto Digital Assets Plc, and working capital ? Memorandum of understanding signed with DMG Blockchain Solutions to create Terra Pool, the first "green" Bitcoin mining pool to be powered by clean energy, in response to climate change concerns ? Shares admitted to trading on the OTCQB Venture Market in January 2021 and upgraded to trading on the OTCQX Best Market in February 2021 ? On 2 February 2021, the Group signed a Sale and Purchase Agreement with GPUone for the purchase of two data centres in Quebec ? Q1 2021 was the most profitable quarter to date with 387 Bitcoin mined, revenues of £13.4 million and a mining margin of 81% *ROI defined as yield of mining being greater than machine cost
Think we need to step back a little and take comfort from the fact the SP is surprisingly resilient considering BTC at the minute
Remember the leverages that have been wiped out and I suspect in part that’s the reason for this
We’ve been down this road before and especially this week from extreme lows to highs in 24 hrs
Not nice heading into the weekend but I’m sure we will all be laughing next week or asking how to sell a kidney on EBay
Over to you The God of BTC