Member Info for the_Chuz

Let's see what happens at 2:30 when the nasdaq opens... Will they take the batton or take our lunch money.

Don't get too excited yet

And yet it has zero effect on our share price in the nasdaq so as nice as it seems because it could increase the value of btc it doesn't directly apply to us.

As we've seen, btc up 45%+, argo down 5%. So we should of all learnt not to get too excited about btc increasing.

@Argobull

"Chuz, that's condescending, not derogatory (and was very condescending). I'm confident I know a lot more about this than you, so I'm filtering you as there's no point us debating as neither of us will ever respect the other."

I was actually trying to help with that one. Filter away, I was just trying to explain how the market cap can grow and the share price fall.

You were the one who stated:

" Chuz if the market cap goes up it means the share price has gone up""

It wasn't supposed to be condensing it was supposed to be as clear and simple an explanation as I could give.

@Hexam
"I'm afraid I can't help much as I agree with pretty much all you say and to me you are just asking sensible questions and looking for answers like any investor should."

You have a more diplomatic way of putting things than me, your posts are based on fact too which I appreciate, you tend to not annoy folk like my style of posting though :)

@Argobull

"Chuz if the market cap goes up it means the share price has gone up"

Without being derogatory because we all have our own level of understanding, you are missing the point.

Maybe people don't get what I mean when I say what's good for the company is not always good for existing shareholders.

If each share is £1 and there are 10 shares in the company the market cap is £10

If I now raise £1 worth of extra cash by adding 5 shares I have £11 worth of market cap (OK it doesn't quite work like that for market cap but I'm keeping it simple.

I now have a company worth £11 but I have 15 shares in issue so 11/15 = 73p

The market cap has increased to £11 but the shares are worth 73p.

The company has grown and is doing well but as an existing shareholders your share is worth less.

What is good for the company is not always good for existing shareholders.

@Intothedeel

"Doesn't stop you being a pompous know it all in your replies though does it !!"

Nope not at all, although I would of said sarcastic pompous know it all, if it makes it any better, in real life I'm an even bigger know it all ****, I sometimes even annoy myself but usually I just find myself funny.

@Argobull

"Surely if you do hold you must have some faith in the company? Based on your posts the common sense thing for you to do would be to sell and buy shares in a company you considered worthy?"

I have been quite consistent with what I think the company is worth at 1.7eh, I. E. £2.30 per share at todays known fundementals.

That is why I hold, I think it might even squeaze £3 per share with a good bit of hype. At that point it's a massive sell for me as I don't want to be holding the bag if the next fund raise is at that point.

The concern I have is that we should be at that price now ish or atleast a good way towards it with whats been declared. So if we need to move the company forwards by increasing hashrate now then we will need money now, it will hammer existing share holders.

The company can be very healthy and increase its makket cap but that doesn't mean the share price goes up. So existing holders may get done again.

@Argobull

"Chuz if you are 100% invested, why do you just post negative stuff all the time? Surely if you do hold you must have some faith in the company? Based on your posts the common sense thing for you to do would be to sell and buy shares in a company you considered worthy?"

Its where our perspective differs, what you see as me being negative is me airing some facts about potential outcomes, partly so I can see if I have understood things correctly but mainly because if someone can give me an opposing view it challenges the way I think about stuff.

There is a wealth of knowledge on these boards and I think it's good to share it. There's little point everyone saying how great it all is when it clearly isn't.

You will find with all of my posts I am never deregatory to a person and I usually always put what I see as fact rather than just making wild statements.

When I'm posting things that you would consider to be negative I woukd absolutely love to be wrong and someone tell me. I'm a decimal place out or an order of magnitude out because at that point I've learnt something.

I can assure you, the big funds and institutions are not looking at my posts on here and thinking "sheesh Chuz just said they don't have enough money, quick sell" what I say is irrelevant to the share price.

Before the IPO, I like many others, was 10's of thousands up. That's all gone and I'm skirting around break even (probably a loss).

I want some sort of counter argument to the things I perceive as pitfalls or negatives to the investment.

If I thought I could alter the share.price by anything I wrote at all I would be delusional ramping the share across as many boards as I could.

@flowerpot

"Who knows though, maybe Epic will be directly filling up some of the 200 MW with their own machines at a very reduced rent while at the same time supplying us with very cheap machines. Could be a win win for both companies ."

Now that would be an interesting move, I think we will most likely go down the route of leasing the space and just being paid as a host which is still lucrative, if that's the case though we need to stop the talk of how we will have 200mw chugging away for us.

It would be amazing (and probably not sensible) if there were no more capital raises, it's what it's listed for, to raise money for growth so I don't have an issue with that.

The issue I have is not moving up with btc in any way so if a capital raise comes quick we will get hammered a lot more than if the share price was higher (of course)

My target price based on peers for 1.7 eh is still 230p we might even surpase that to £3 with a bit of mania and hype.

@lolades

"Argo have 3 defi investments: Pluto, Luxor, and Wonderfi Technologies. So far all three are doing very well."

Any figures for them (genuine question) as I believe they are strong at the moment but I've no idea about cash inflow or what they are worth to Argo, even approximate stuff would be welcomed

@Kev

"Suspicious"

There we go, I know you like to stick a troll hat on me from time to time so I have done my bit to alliviate your suspicions :)

@Rick

"All that was worth taking"

And that's what I really struggle with on these types of boards.

I have given facts and figures as accurately as I can do to explain why I think we will need to raise funds.

If you don't agree with any of the figures then tear the figures and assumption apart, put me in my place, show me a differnt view so I can change my own view if its valid.

Picking up on a typo and implying the post with all the facts and figures (as I see it) is worthless strikes me that you don't 'get it'

Keel in mind, I probably have more invested here than an average PI (TheeDuke and a few others are not average :)).

I have 100% of my Investment pot in here and also 100% of my SIPP. So maybe don't just dismiss the posts out of hand, maybe give it some consideration and tell me why I am wrong.

@Jimbo

We know that the machines won't be on one go, they will be paid for in installments (for the first 'batch')

If they are not all relatively quick then people need to stop using projections on here that we are going to have 200mw up and running soon without any negative impact.

Pluto is interesting and we have a 25% stake, how much do you think we would get if we sold the lot? (not that we should do that as I think it's an avenue of diversification) but if we did, how much do you think we would get?

@Ricky

"What is this word posien?"

Nice one.. But have you not seen how bad my posts are usually for typos as I'm just bashing them into my phone screen.

I'm glad that's what you took away from the post though, good job.

@intothedeel

"Oh good Chuz is still here banging on about another capital raise and how ARB have no money to pay for machines and conveniently forgetting about the $100 mill loan facility or the 2000 BTC HODL"

I am fully aware of the loan facility, I might even be more aware of Argos position than you as I have looked into it quite a bit, I have also posted about it quite a bit

Please tell me how much it will cost to kit out 200mw of machines.

Again in my previous posts I have calculate it for you but I'm interested in your take on it.

I'll help.. Just a little bit.

S19 Pro 3,250 Watts at around $4000 each

Now don't forget the right amount of digits when your looking at 200 mega Watts

Ill give another clue just incase you forget 3 zeros, easily done, tricky math. That's 61,500 machines.

Now fire up your calculator and bash in $4000 * 61,500 and you should get around.. Umm let's see.. $246 million dollars. So if we use the loan facility that just leaves us $146 million short.. Or more than the entire nasdaq IPO just raised.

But that's OK we can sell all of our hodl (unless they are secured as collateral, but let's ignore that)

So at $55k we just need to sell 2654 bitcoin.. But wait.. We don't have 2654 bitcoin.

But its OK, let's assume that btc goes to 100k yey go bitcoin.. Now we can do it, yes, sell 1460 of our hodl and then we can ignore the fact that we have just taken 146million from the assets pile which will be masdivy harder to recover through mining after the next halving.

The great PW has stated it himself, to raise money we will could

Sell btc
Take on debt
Issue shares

Selling btc to such a level would be bonkers in the btc race,

Taking on a massive loan.. We're talking the use of 246 million in loan would be burdonsom for a long time to come.

Issuing more shares.. 1 off pain that I creases the market cap of the company to allow it to grow but takes a chunk out of the current share price, but should recover with the extra hashrate maybe.

Pick your posien, I know which one I would choose if I was PW.

Of course there are other options such as renting machines or just leasing the capacity and taking a margin.

But in this example, because everyone is focusing on the type of return we will get from 200mw and thus implying we own the machines, I think you can see we might need a little extra pocket money.

Don't worry I'll fill the void for now..

Everything up.. Except Argo it's the same 110/120p as it has been through the massive BTC uptick.

Shows that a rising tide doesn't lift all boats if the board has had a big hole in it from running it onto rocks.

@Tiger

"Can anyone shed some light on this low SP , and when will we see some green"

Just more sellers than buyers because there is better than us out there on the nasdaq with far more ambitious and aggressive plans.

There will need to be some special news released such as funding explained or a really big rig order, or a merger, or big support investor or somethimg like that to get it moving i think.

@Delacy

"Sorry Chuz, the group is exclusive and completely closed for good ;)"

Yea, to be honest, we all know it's for the best, I would of only of got kicked out in less than 3 posts.

@Delacey

"I shouldn't be replying really but im doing so just in the hope you read this and know i think you are stark raving blooming bonkers."

Can I join if I promise to be good, although in reality I only want to join to annoy K3V for some reason and I bet thsts frowned upon.

@Canetoad

"What does that mean? It means that if/when Melanion go live with their fund, they'll be buying ARB shares mechanically, just like Invesco have already started doing."

I'm a bit confused by that, it's been live since 2015 and has had Argo in it for some sometime, it did have over 9% in arb in May but that has reduced to 8%.