Ben Richardson, CEO at SulNOx, confident they can cost-effectively decarbonise commercial shipping. Watch the video here.
What does argo have that other miners don't have?
Or is it now because it was over 100p once therefore it must go there again?
I wonder if Galaxy will feel so sorry for Argo and its utterly poor timing of selling them the crown jewels of they will give it back. Its like taking the kids ice cream away ha
"Share dilution at 2.5p would have been awful."
Of course, I wasnt suggesting it at 2.5p, it should have happened when argo was 100p+
It was costing too much but they had a massive amount of money to spend on a large shed on easy land.
There is nothing stopping me as a private individual buying some machines and getting them hosted.. In fact I could avoid it altogether and just buy some mining contracts whereby I rent the machines and hosting.
Just bad decisions...
"the de rampers are wasting there time . Argo are back and will re rate imo"
Based on what?
Helios is gone, now its have some machines hosted and hope for btc to rise.
If btc goes in a run then yes, the share price will go up, if it doesn't then what is left?
A loss making company with half burnt out 'assests'
They should have done a share issue to finance Helios outright, the shareprice wouldn't of suffered like it has done and we would of still had an asset (after perry's homebrew immersion gwts ripped out)... But no... Now argo will be rememberd for fixing up a swimming pool.. How did that go anyway?
How's it looking now for all those who bought in 18p recently with the nonsense ramping of 30p, 50p etc.
Quickest way to lose your money is to get impaled on a greed spike where you fear you will miss out if you don't just jump in.
I've just installed a 3kw array as fence panels dividing the garden, white fence posts with perlight 415w black panels.. Looks pretty decent, obviously won't be any where near as efficient as a roof mount, correct angle system but it works and should have payback in 3 - 5 years providing the kids don't put a ball through them.
Self install, and needs notification to the dno. Anything above 3kw needs specific dno approval if it's on grid which they will lost likely delving without you paying for a a upgrade to a sub station.
Just wish I could run my miners off it to make a profit but gpu mi ing is so dead now.. The return literally isn't worth using up the silicon in the cards...I miss pow ethereum I was making some decent money, heating the house for free and it was fun... Curse technological advances.
"Even if SP doesn't increase, Argo could force it by buying senior notes.
Nothing stopping them from buying on the.open market."
Im sure most of us have seen it a few times atleast.. Start firing out positive rns' get the share price up and then pull the rug with a share issue.
It's just a matter of time or should I say, timing.
@Mooh
"I wonder what Argo plans to do with the excess liquidity though,
They'll have around $20M cash after this deal,"
Swimming pools, lots of swimming pools... Or some bonuses for the great team they have, remember that renumeration package (tgat hot kicked out in the end).. If you want the best you have to pay the best blah blah.
With Helios gone and a management team that has proven itself to be unable to guide good ship Argo successfully I don't think 20 mil would last long at all.
Maybe some great deal with Pluto Digital whereby they get 20 mil and Argo get nothing in return then we go bust... But he will be able to keep his title of " Starfleet Chairman of Advisory Excellence".
Is Argo now profitable?
Does it produce more cash than it costs to run each month?
If yes then it can just sit tight and weather the storm.
If no it will need to raise cash to survive.. It either through debt which it can't afford or a nice big fat juicy share issue.
I know which one my money is on, they should of done it when I said about it at around 100p and paid off all the debt and finances Helios properly, instead they went for debt at a very poor rate.
I'm still waiting for that share issue, except now with Helios gone the whole company outlook is differnt.. Might as well just pay for machines to be hosted as an individual and remove the 3rd.party risk and costs.
I think some will find themselves well and truly squered with a spike up thier bottoms.
We all wondered at one point how much Helios was worth and now we know... How much was spent building it and acquiring the land again?
Would of been worth a lot more if it had a swimming pool.
It might be worth listing the assets that argo have.
Just reading on the QBT board as I was curios how that dig of a stick was doing after all its hype and read a post about qbt buying argo (purely as a thought not an actual likelyhood).... How can anyone mess up a company so quickly whereby the likes of qbt in theory could assets strip it.. The world its nuts... Although I'm still stuck in the past anyways... I couldn't ever get over the swimming pool.
Argo bull, I'm. All seriousness did you manage to get out with your shirt? I know you were in for a decent wedge by anyone's standard so I hope you manage to derisk it in time.
"Bitcoin looks unlikely to save the day here, will an Angel of some sort come in with a deal/offer? Maybe..."
My money is on btc being over 20k in the next couple of weeks.
@rory
"Hopefully, people will start to shun sh*tcoins and altcoins, and look to Bitcoin as the only crypto worth investing in."
It might well do but I would go for Ethereum being the winner once all the dust has settled in moons to come.
It has a purpose other than a means of payment, it has a ecosystem and dApp, nft's etc and maybe more importantly has moved to proof of stake.
BTC on the other hand uses buckets of global energy and is used as a payment mechanism.
I reckon BTC and eth will remain but I think in years to come it will be eth that is king