Member Info for the_Chuz

Argo stock much have a lot of gear associated to it.

It goes up a little bit when btc goes up but then goes down a lot when btc goes down.

"These aren't any old videos... they'll be best in class ;)"

Of course that's another reason We. Are.Stoked for the quarters and years ahead, quarters and years.

"Don't be ridiculous, you've clearly never commissioned or made a corporate video, cheap as chips"

Ive had done in the past 5 years (before covid) and they were around 7 - 15k each depending on run time and the service provided (pre work, scripts, staging etc). There's also the amount of post edit and continuity/fluidity checks, then back and forwards for acceptance. That's with out the crew actually coming to site, usually atleast 3, one sound, one video and one co-ordinator, sometimes a drone or "crane camera" operator who usually come in pairs.

Then there's the on site resource, hse sign off, hours spent prep.

Of course if you get your mate Jack from the pub and his go pro to do it you can buy him a box of beers and away you go.

I for one am still greatly concerned about the texas sites video expenditure! LOL (that post still makes me laugh)

I reckon 100k on promo videos so far, no idea how much that swimming pool costs

"BTC about to move north again. Perhaps people are holding off until after monthly update"

And since you've posted that it's continued to budge down.. Try posting the opposite, see if that works :)

"lol, maybe we can hold massive raves in it and ship out all our chavs to the land of hope and glory."

I'll tell you what, thats gotto be worth something in itself. If the btc fies quite work out for us I still think people will pay good money to send off all the scummers for while and give us a bit of a break.

"@the_Chuz - do you mean plans for phase 1 or phase 2?"

I want to know how we firstly will pay for the s19js on order as even at 5000 per unit it makes it 100 million to finance (less undisclosed deposit).

And then how we will pay for the rest of the 200mw of machines. Otherwise we have a big shed with some baths in it.

People are talking and holding onto the idea of 200mw, all I want to know is how we will pay for it then we can all say We. Are. Stoked. (yes mixing news feeds ha)

"Maybe you like being a tool. ;-)"

Atleast tools are useful haha (joking, it was a blast from the past).

I've gotto admit I'm sitting this all out other than what I have got current invested.. I think we should have the ingredients for another big push.. I want out at 65k ish again though.. Miners are just annoying.

I honestly just wish that arb would announce what it's plans are regarding funding, I find it quiet annoying.

This must now surely be the cheap shares I've missed out on..

"I doubt there will be any funding by dilution at this level, they will have to go another route or wait for share price to rise."

Quite possibly, I can see the 200mw being delayed a long time.. Still need to pay for those s19s on order though.. I'm not sure how much Loan we can get hold off with our collateral but it sure as heck won't be on good terms.

Joint venture /merger/buy out is my best guess for the 200mw

"Nice mention of Argo here…strong buy!"

After funding is sorted yea.

"So I would not be atall surprised to see Argo announcing a similar financing arrangement in the near future and thereby take away the ongoing paranoia being broadcast by some on here about imminent dilutive funding…..""

Ahh funding my fav subject.. Its not paranoia there's nothing irrational about it, its very real.

So they gave managed to get a secured loan which values a S19j at just over 5k. What was the discount rate as you don't secure the loan on market rate fir the assets. 5k is for a second hand unit and has removal /resale handling costs inculded. So we can easily be looking at 10k per S19j fir us to buy.

Which machines would we secure the loan against?

I know we have loads of T17s which at discount "collateral" rate wo t be worth much.

All that to one side though... 14.5% loan rate.. Ouch.

Why would we want to put that on our balance sheet instead of just hitting up share holders who know its coming (except folks here if course)

Ahh I bet THESE are the cheap shares I'm so bitter about missing out on.

Back to 35k how rubbish... Definitely not digital gold then, that being said there are bigger issues in the world right now.

Are THESE the cheap shares I'm bitter about missing out on or do I still have to wait for it to drop further

"I hate a -300% loss :("

A leveraged play will get you - 300% on original stake I suppose .. Maybe that's what the original poster had in mind.. Maybe..

Are these the cheap shares I was bitter about missing out on?

"It's SHOULD HAVE sold and not SHOULD OF sold.

Illiterate Moron"

Not sure the insult was called for, what might annoy you is that it's how I speak too :)

"I personal won’t sell for £1 right now, I could of sold for 149p late Nov and decided not too"

I publically sold the bulk of my holding for 139p and got ridiculed for it.. I also wish I sold the lot at that point (or just pre IPO but which some were saying would be higher than current price, when I said it wouldnt I was also ridiculed.

I think most of the bullish stuff posted on this board has been wrong time and time again.

No one really knows its direction especially when it's dictated by the price of btc so much. One things for sure though if the company raises funds it need to also raise the hashrate else we are just a dead duck.

We all should of sold at 160p+ and not listened to much of PW and the ramping team on here was coming out with. Obviously everyone except Kev should of sold he likes being diluted and thinks a falling share price is "perfect".

"So let's say up to $100m left on the Bitmain machines (?), to be paid over monthly instalments (in order to double existing hash/power to 3.7EH, increase monthly income, mining efficiency gains from immersion etc)."

You have outlined some options (which I respect) and of course you may well be right and there's always the curve ball of an option that no one sees coming.

It just needs clearing up, ne way or another. I'd prefer the sharp drop of dilution than death of a thousand cuts, it break confidence in a stock and makes it a target.