Member Info for the_Chuz

@mrwhite

"Do you two have to complain about everything.
Lets forget about everything going to plan any worry about the price of the video -really !"

Sometimes yes... If they had not of produced a professional promo video (not 1 but many) would be off plan? Have the videos been Instrumental in keeping us plan.

Is 100k OK to spend on the videos combined, 200k OK?

Producing the video doesn't get it done quicker.. Uploading photos on the argo website would communicate its progress..

How many btc will be sold to pay for these promo videos?

"$1K per video for the update stuff....which in an investor relations budget is tiny."

Ive just done a quote online for promo video of recoding someone just talking into the camera where the team help write the script and the price was $6500 for 3 mins of video.

Don't think $1k is going to cut it.

@seethreeIPO

"$1K per video for the update stuff....which in an investor relations budget is tiny."

If it's only around $1k per video then I have no issue at all with its production, I would be amazed if its any where near that, maybe things are differnt in the states but when I've had things like this done in the past without drone footage or quite so good editing then I've had to pay 10 x that amount and that was a few years back.

Id love to know how much these videos costs, the slow mo walking and aerial footage.. Next stop Hollywood.

Yes I know damned if you do damned if you don't but please just buy some rigs and stop with swimming pools and promo videos

Why is it that the share price drops when the funds buy and seems to go up when they sell.

It's a pattern that's been established for ages now.. Is it that the share price drops so they buy and when it rises they sell into it.
Or is there just some other wierd mechanism that can lower the price for the buys?

"Better to remain silent and be thought a fool than to speak out and remove all doubt."

If you stand for nothing you'll fall for everything.

I do love a good contradictitory cleshay

"that is long way away from the 60p you missed out on."

Im not sure I even saw it go to 60p, tbh that is pretty low. I had a bit of time away from the board so must of happened at that point, although I've also been a bit done in by covid so I might of saw it and just had brain fog.

But nah, not bitter at all, believe it or not I want this share to sky rocket and not sit in its own filth.

Herdie in all fairness your right, all the miners are still battered. Some are showing some signs of recovery but not in a comparable way to when btc was last at this price.

Everyone is still suffering.

Hmm I was just eating a sandwich and thought I'd take a look at what extra nonsense has been posted but what happend?

I'm seeing a - 10% whilst btc is relatively stable/good.

I was told yesterday that I was was a bit bitter because I missed out on the cheap shares, are these the cheap shares again?

Anyone know what's done it, a news leak or just a bit of stock market noise.. Probably just the market makers wanted your shares cheap, buy the Dip.

" fix swimming pools"

That still annoys me ha..

Riot employees around 600 locals in a couple of counties, it's an ongoing win /win that builds co-dependancy and a shared need for the company to succeed in the area.

We pay for the local swimming pool to be fixed using money that has been raised from shareholders. That gives a one off event, which may also need revisiting in the future, if the county didn't prioritise the maintenance of the swimming pool then why will they now.

How long will that swimming pool good will last before the locals want something else in return for thier ongoing support. Who's going to be picking up the pool maintenance bill in the future.

Just a rubbish publicity stunt that bought some local support for a short period of time.

I know in the grand scheme of things it's nothing and it shouldn't bother me a fraction of what it does but it actually just annoys me..

And. Yes I know, make like Elsa and " let it go" ha

@Hexam
"Selling to keep the lights on is a good thing in my view but the slightly concerning thing is that are selling at a loss which suggests perhaps they are doing it more out of necessity than choice?"

I had that moment of concern when I was looking into microstrategy and thought if they ever became a distressed seller it's a one way ticket downwards and I'm not sure how btc would recover (more the time frame for recover).

I'm not sure how the accounting works for miners, it all seems a bit grey. But If I made a decision to sell some I would always sell the most expensive first and take a loss so I could use that to offset a tax bill.

It's all pretty murky though

@famaga

"Being red doesn't mean lower than the opening price. It means lower than the previous close (which was 10.40 in the case of ARBK). ARBK's lowest price today was 10.46 so it wasn't red at any point today (so far)"

Odd, that's not how I judge things going in the red, if a share opens at 100p and falls 5% throughout the day I would say its in the red. I wouldn't say its green because the previous close was 94p.

If it's red on my screen then I would call it " in the red".

But that makes an interesting point, there can be two differnt understandings of what is meant, it doesn't mean that someone should start with "lies, fud, derampers" etc.

"ARBKF never went red today, stop telling porkies. Some on here are that desperate, they are resorting to lies."

Urrrghh its hard work on here... ARBK opened at 10.72 and the day low was 10.46, that means it went red.

I don't know about ARBKF and I can't even be bothered to tap it into my phone to have a look.

Too many people here are just wrong about about things but proclaim it's everyone else with the issue or fudding.

@Hexam

"(unless a big JV is in the offing)"

Now that to me is the curve ball that will have a very positive impact on the share price (otherwise I wouldn't hold any shares right at this point).

PW has said he's not keen on a JV, but if needs must this could be very profitable and create a share price explosion here

"Hut and Mara up 11.5% today and almost the same yesterday and ARB up a feeble 3.8% after BTC almost gains 10% in 24 hours."

Unfortunatly there is an odd in PW we trust mentality on these boards, the rest of the market doesn't see it the same as the perpetual positive people on here...

Although the company is amateur in its approach and rns delivery its not a bad company so why wouldn't the share price be gaining like the other miners?.. For me it's just the funding side of things, once that is known the brakes can come off...

Funding... Just saying like :)

I think it will be done with a share issue BUT it depends at what point.

If it was me I would get a loan on bad terms if needs be, then announce that the loan will be used to pay for all the machines, then when the shareprice shoots up because of it I would do a share issue to pay off the loan in full.

To me that's the most sensible way but there are costs and penalties involved in doing that.

Or of course just issue loads of new shares, it will hurt existing holders but who cares, new shareholders would jump in after the dilution, leaving existing shareholders to hold the bag (like they have for the nasdaq IPO and Helios build)... But, it's clean, it raises the money needed and doesn't put any debt on the balance sheet.

PW has already said that the next raise will be kinder to existing holders and give them the option to buy discounted shares to lesson the dilution blow... You know, because its not fair that the big boys get the discount all the time. Uh hu.

PW is here to grow the company not to avoid dilution to shareholders.. Especially when it should be massively obvious a dilution is coming.

"Watch how the_chuz comes out with loads of unsubstantiated bs. ;-)"

Whats unsubstantiated bs on my part? To the contrary I usually substantiate pretty much everything I put, at minimum I put my thought process.

I said 20% less mined - how is that unsubstantiated.. It was in the rns

I said 74% efficiency - how is that unsubstantiated.. It was in the RNS.

It is not me that comes out with unsubstantiated BS, it's those who even when faced with undeniable fact that still say no to it when it doesn't fit thier frame of mind.

Basically another rubbish rns

20% down on mined btc
74% effeciency.. You know the thing that some on here bang on about as special to argo.

And they have laid the foundations for 2022 growth... Nonsense.. That's the stuff I stick. In reports when I havn't done anything except had a coffee with the team

"and he has missed out on cheap shares."

Again more signs of crazy, I already hold as many argo shares as I'm going to until the funding is sorted out.

You do state though that I have missed out on cheap shares? Does that mean you find the shareprice today high or just fair value? Obviously if its high you should be selling around now and if its fiar value then what's the rush to buy.

If anyone looking to buy now have "missed out on cheap shares" then why buy?

@dyfan

"Any way to spread FUD you somehow manage to do so the_Chuz. This interview is so clearly a W for Argo and I believe that genuine shareholders should be excited for the next chapter."

Just because you don't like it doesn't make it FUD, why not Google O leary and Cameo.

For a couple of grand he will endorse or do shout outs. You supply the 250 characters and he puts the sentence together.

I have no interest in what he says about anything.