Member Info for the_Chuz

"And Pearls investments following the demise of SGI? According to Pearls on the SGI board, DARK And HBR.
Karma got you Pearls."

I expect the next step is a large placing at unfavourable pricing to keep things going... Many many moons ago I held a lot in ntog nostra terra oil and gas.. It amazes me they manage to keep going but its the share issues, turns it into junk but keeps folks in a job

I still want to know how perris home brew immersion system work

I've not been following properly as I couldn't get over the funding issue I saw BUT I am now wondering if anyone has done any fag pack net assets value for the company. I don't have as much time as I once did so havn't looked at it but there will be a price that argo is attractive at for its assets alone.

Anyone worked it out roughly?

Depends how many 'bots' they have

Problem is, as it always has been since the dual listing... Funding, no one listens

"About time this pyramid scheme just died is it ppl only buy it so they can trade it to a greater fool for higher price then make real actual money honestly is anybody actually buying bitcoin and saving it with a idea to spend it like a currency in what 10 years or more or r ppl really realistically just buying it hoping it goes up in value then sell it for real money ya know speculating basically"

That's true, just like all the muppets that by stamps and art for £MILLIONS. they could quite happily buy an exact copy of the mona Lisa an dput it in the wall to look at it in all its details but no, some pillock would pay $100 million for it. Don't even get me started on those silly matchbox cars which people pay ridiculous money for when they could have a brand new one made of better quality.

$70 million for a vintage car which is rubbish in every way compared to a mondeo.. The world is nutz.. But that's the game, be in it or out of it the choice is yours.

@Chaebol

"You got your eye on any crypto miners at the moment ? or you waiting for the next ramp to get out ?"

Im thinking if we get a bit of a run then mara and riot are easy money, whether or not the run will be sustained who knows but I think they are sitting ducks for multiple 10-15% short term trades, in and out like the okie kokie.

I'm sat on a decent size loss at the moment but I've been a bit preoccupied with life stuff.. I'll return a bit of focus to this soon though as my building work is almost done.

I hate my rigs just sat there doing nothing, like having a lazy employee that you can't force to work... I'll figure out a way though, just need to come up with a more efficient setup.

"The Chuz
I’m very surprised you weren’t attacked by the cult followers of Argo for that negative post. What’s your secret?"

Me and the mob go back a bit, I'll get my fair share of it soon enough though ha

Yea all good here, been busy with some pretty significant renovation work and sorting a lot of stuff out..

Lost a small fortune on crypto but still in the game although my miners are now off for the summer, the economics don't stack up for me now with power costs.. sad days.. But I'm sure I'll have them back on once I work out the flux capcitor and some quantum entanglement.

Yea all good here, been busy with some pretty significant renovation work and sorting a lot of stuff out..

Lost a small fortune on crypto but still in the game although my miners are now off for the summer, the economics don't stack up for me now with power costs.. sad days.. But I'm sure I'll have them back on once I work out the flux capcitor and some quantum entanglement.

Good to see everyone still posting the same stuff after a few months, home from home.

Chaebol wins as most accurate price predictor on here. In fact he has been more right than most others added up.

And yes I'm still bitter about missing out on those 50p cheap shares.

Gotto admit, it would be nice to get back to that placing price we all hated (except Kev, he loves a good dilution).

I'm only 70 or 80% down at the moment so still have about £3.60 left.

What a pickle, my most disappointing moment though was turning off my miners the other day .. Sad sad day.. Although its more about the building work I'm having done.. Still sad though

10% up with a 7. 5% spread isn't very kind, I imagine that will be sorted soon once way or another.

It was a positive rns, anyone done the financing calcs for 5.5eh based on what we know is our current rate plus the planned increase, I. E. Do we currently have enough money with the 70mil loan to pay for that hash rate?

I used to spend the time working it out but can't be bothered these days... I presume that 70mil loan might cover the 20k s19s depending on what deposit was put down... But Unfortunatly none of that is anything new.

Still, good news that it didn't all catch fire :)

"Hey Chuz, dilution any minute isn’t it??…come on, that’s what you’ve spent months and months peddling….DOH! Lol (another squad member downed!)"

Im not a member of any squad I havn't posted for ages.

Guess what, I STILL think that dilution is coming... But as soon as it was apparent that part of phase 1 would just be moving existing hashrate I quickly became less interested.

You will find that I have also posted that "if it was me" I would raise capital via a loan, wait for the increase in share price when increased hashrate/machines was announced and then do a raise and not need the loan anymore.

Mind you the share price is already lower than I expected after dilution so who knows, I would imagine that is the ONLY reason more shares havn't been issued.

No matter what, we were all pretty gutted at 114p now it's nearly half of that..

It has been an awful investment for the majority with the only real winners being those who got in early and got out again pre IPO.

If the market thought the RNS was decent then the SP would of gone up, instead it's gone down.

We can (and have) spent day after day, week after week arguing over details or lack there of.

Proof of the pudding is in the eating and to be honest, mainly due to macro circumstances, the pudding is unpalatable.

It's just a crock of poo.. All the miners are

I reckon 12% annually as that is a relatively normal way to express I would be more concerned about if its an APR based financing fee or fixed.

Again I would assume Fixed because there's no repayment plan just a maturity date..

With inflation at 8% ish it wouldn't make a lot of sense to give a loan over 2 years at 12%, basically free money.

As always though, the company that promotes itself on transpency has muddied the water even with a loan.

"It is completely disproportionate to the fall in BTC so just keen to understand the thoughts of LTH and thoughts going forward?"

Its disproportionate to btc price fall but Unfortunatly its inline with the other miners and general sentiment.

Argo has been battered and I don't think it's helped itself at all with the coms and lack of transparency.. Even around future strategy for Helios and machines... BUT it has performed just as poorly as all the others so no exception.

It's just a daft industry really

"Stop with the dilution nonsense for now. PW addressed this last month. He said they listened to share holders and aren’t going down the dilution route unless the share price is multiples of where it is. That is why they got the debt facility."

Good chunk of debt to pay for those 20k s19s on order. That's without any further purchase of machines... Nice shed

"We just broke below the previous higher low at 45k. Very hard to see how this is bullish?"

The shed is nearly built it's the answer to all the woes

"Looking good for a move higher over the next few months , can see this being £1.20-£1.30 quite quickly as Helios is completed."

Im not sure I understand the logic of 100% increase because the shed is built.. If they are just moving existing miners in then I don't think 100% increase is warrented for a few quids worth of power and servicing savings.