Member Info for the_Chuz

@limpingalong

"I knew you were a troll @the_chuz…from the beginning. Sad MF."

So strange... all I have done is ask what a NED does in Argo.

It shouldn't turn into a drama it should be relatively 'plain' conversation.

@Horrendous

"My guess would be that Sarah won't be centrally involved in strategic direction etc as Colleen and Matthew have that covered. Perhaps corporate governance, remuneration committee, that sort of thing, but I'm only guessing. It'll be a fee rather than a salary as such and I wouldn't expect it to be even close to £100k. A typical NED on a FTSE 250 level company will probably get £50k or so a year."

Ahh I thought it was more.. For some reason I had $120k in my head and the NED incentive scheme from the prospectus, I could be wrong though.. I'm dealing with a lot of numbers in the real world atm so things get blurred ha.

There was a lot of drama associated with renumeration to get "the best" people and I get the value added people (Ops, technicians and even PMs), it's just a little more grey for me where NEDs are concerned. I work as a Strategic partner to executive directors, vice presidents and various other levels on a daily basis helping them define thier future corporate strategies, I'm not a NED.

@Theeduke

"@Chuz - Let me put you ******* straight ! Sarah Gow has played a bigger part than any of you know on assisting ARB and the team get to where it is today. The woman is the ultimate professional, with outstanding business acumen and will be an excellent addition to the Argo team, even more so for us Pi`s."

Whats with all the astrixes?

Firstly I didn't bring up Sarah and... Can't be bothered with the rest of that sentence.

Secondly, if someone has played a bigger part than anyone will ever know then surely you couldn't be suprised.if someone asks what part she plays as by your very statement it's more than we could know...

Thirdly.. You havn't put me straight at all, you've just done a mini rant without actually adding anything useful.

Fair play, logical conversation really does go out the window

""She’s a NED. She probably does a day a month. I wouldn’t move to Texas if I worked a day a month."

What sort of salary do you think for the 12 days of work a year.. 100k+ and share options?

I am genuinely interest in what they do, not just Sarah but the NEDs

@MonkeyTom

"@The chuz.
Move on please."

Will do soon enough hopefully, fingers crossed.

Although I do quite like it here, imagine what I would be like if I wasnt 100% invested here, imagine what I'd be like if I actually sold everything and had a really negative view of the company, oh what fun we could have.

@Horrendous

"But I'll keep hold of ARB until it corrects with reference to the other miners - which surely must happen at some point."

Yea that's what I keep telling myself, I still have a 230p price target which is why I havn't sold, I just don't like it as an investment.

I think it's clear I'm not aligned to Argos strategy, from its 'smart growth, swimming pools and new hires so I need to move on.

I still think its undervalued and there's money to be made, right this moment isnt time for me to jump ship but hopefully soon enough then I'll leave you in peace.

I need a non charitable, uncociientious, expand at all costs, polluting miner.

@Jayblue

Is she the new hire?

Although out of interest what does Sarah 'do' on a daily basis, I. E. What's her job as a non executive director, it's a genuine questions.. Got plenty of NEDs what do they do for thier money?

"Could sure do with one"

Could do with not hiring into more positions where the 'best' have what appears to be little track record to thier function and spend the money on rigs to increase the hashrate.

@hexam

""The Company expects to repay £18 million ($25 million) of the principal of this loan with the proceeds of this offering and convert up to £14.5 million ($20 million) of the principal of this loan into mining machine financing upon receipt of machines and satisfaction of other conditions, with the repayment date for such financing extended beyond 29 October 2021 to a date to be agreed.""

I don't know how I missed that, I was on the understanding that we were going forwards debt free. I wonder what else I've missed doh!

@600

"although we were subsequently told this was only going to be partly repaid. "

I missed that 600? Are we only partially repaying the galaxy loan?

@krautyankee

"chuz: revenue is great; but what does your bottom line look like?"

My new domestic electric tariff is a killer.. £330 a month

So all in all about a grand a month in my pocket. It won't last though.. Im hoping I can still make a profit on the alt coins when ETH is POS but its not gojng to be any where near the same.

@canetoad

"
@Chuz: I hope you're making some decent money mining the ETH?"

Revenue of $400 a week at the moment and a couple are on the inside now so warming the house for free... I'll be crying in my cornflakes come December.

Let's hope so, I had my fun with the QBT gang made my pocket money and put it back in here, I'm good like that haha.

Now come on you dog, do something wonderful.

Thankyou for your money, I sold out with a nice clean 20% profit in half a day trading..

I. Maybe back in the near future to take more of your money, don't worry I'll look after it well

@wadagora

"the_Chuz. ..it also means there will be no placing for a while,which i'm sure was on many people's minds.No matter what happens today,this is looking like a fantastic investment."

Actualky that's very true (most likely)

The issue today won't be the content of the RNS it will be the lack of content on anything substantial.

Today's rns isn't bad, it should all be priced in but it means there's no other news to release.

Let's see how it goes, I want your money

Urgg I'll be in bed by then.. Oh well

It was always going to be a share issue rns I thought I'd have an extra day though ha

But what is...

"announced on 22 February 2022."

Expect rns 2 correction

@Eddie

"Eddie563

Posts: 1,240

Price: 121.50

No Opinion

RE: P.S.Thu 22:48
@the_chuz. Why? If you are holding, it’s a store of wealth. The wealth is only realised when it’s sold surely?"

For me it undermines confidence in it to be able to pay for things. If there is no stability it is difficult to gauge what am item is worth.

If you are going to just hold it until you die then it's irrelevant but you then might as well hold onto pebbles, if they are never converted to something else it isn't a currency, maybe an art collectable if you like to look at your hash strings.