Member Info for the_Chuz

Yea I think they are a cloud mining service, would of been nicer to buy into a green miner, buy it out and keep the coin :)

There must be a bit of an alterior motive with it, maybe to set up his own mining service.

Looks like Jack Dorset (twitter ceo) has now got into mining, shame he picked compass and not argo.

@bluebay

There would never be a logic to a share issue being higher than the current price unless something very odd was happening else the prospective buyers would just buy now and not pay more for something worth less.. It usually works a discount to current share price averaged over x days 30, 60, 90 etc.

The share price won't reach a decent height without knowing the dilutive effect and terms of machine purchase yadda yadda.

Basically I can't see any way the IPO will come in above today's share price, I'd be amazed if it was over a pound at the rate of.drops recently.. Who knows though.. Not even sure PW does

@bluebay

If the IPO comes in higher than the current share price I will be pleasantly surprised.

Back when we were 130, a few days ago, I thought the IPO issue price would be about 95p..

Now because of the poor detail in the coms letting the SP bleed to death, uthink I'll have to rethink it and expectations.

The shar eprice doesn't matter in the short term, except for when there's goi g to be a share issue of unknown quantity and price, then it really does matter.

I've bought the dips too unfortunately they didn't turn out to be dips, just a step on the way down.

Death of a thousand cuts

This thread is K3Vs fault.... Get him

Hehehe :)

I've been a few times and it's a lovely place, breakfast in China town and peaceful nighttime walks around marina Bay, raffles/long bar to kick some peanut shell around, the zoo with night safari for when your knackered and of course Sentosa and the southern most point of continental Asia.

Only thing I didn't like was the heat and humidity, I like the cold more (Iceland is good for a long weekend).

Now even I know what Pattaya is famous for and it's closed and I've never been there.. Singapore is my closest in that direction.

Nope, not particullay happy a tiny smudge of blue doesn't make up for poor detail. The smudge of blue easily gets washed away.

PennyStock
Tbh if I had a million shares in this I would be quite chuffed with myself too, I've never been able to pull off the 'big' one in +20 years of investing.

So I say fair play to the ones who nailed it, shows its possible and serves as a lesson not to sell to early (I always do).

@New Dawn
"Full year net profit will be less than £10M, it's still way overvalued, they only hold £42M worth of BTC it's still way overvalued."

I'm not sure that's an effective valuation method. It's like your using an incomplete NAV metric, which is only looking at 1 tangible assets I. E. The btc. There are buildings, land machinary to include in the value, plus then you would need to factor in the intangible assets and goodwill / branding elements.

Once you have that then you'd have a more rounded NAV, the problem is that still wouldn't be high enough a valuation because you would then need to step in and look at book to price multiples, even cheap skates like me who like to buy bargains woukd consider a mutiple of 3 - 4 on B/E ratio.

What I'm getting at is that you cnat just value it solely on the btc that's held and say its over valued.. Its like valuing coca cola on how many cans of coke they currently have which hopefully you'll agree would be a daft way to value it.

@CaneToad

Yea just paper loss, so no great shakes. I'm sure this time next year rodders we will all be millionaires.

@Chaebol

Quite right, I've lost money on every top up so far.

Im pretty sure the 165 comes from the same thin air as most of the other figures

PHEW, I'll be buying a coupe of grand more this morning so if its going to 165 today I should be quids in!

Although the last couple of top ups have not worked out well!

@jayblue

I think the artical is a little too black and white, not all altcoins are sent to an exchange to swap for BTC/Eth.. I send a proportion of my mined Eth to the exchange to cash it out to GBP.

Unless I'm reading it wrong the big inflow could just as well be people selling thier alt coin to fiat.

@canetoad

Hopefully we won't pick up the other half of the drop in the morning. I'm still up at the moment, I just think the quality of news flow is below average.

Chaebol
I thought it was known/accepted that China booted out btc in general because it has created its own digital currency to be controlled by its central Bank.

Btc probably came up on a Chinese Swot matrix so they obliterated the threat. They will want the Chinese population to use thier currency not btc

I still reckon it will be a blue finish though.... Its not detrimental news its just not the news that was expected hence the market reaction.

Should pop back up quite soon.

I pretty sure PW won't be giving too hoots about the share price noise at the moment, he will be focusing on the IPO and what the sec say.

The killer at the moment is the machines, the market really didn't like it as it was priced in. Now its a complete unknown, we need clarity on what machines we are going to buy.

Dont forget, this went from 85p to 130p in days, so I wouldn't worry about the price drops, it can recover very fast as soon as the unknowns are known.

I can't see why it would of gone up on the news..

The market isn't wanting that news, it wants to know about machines and earnings, with the output to the naddaq listing.

It not that interested right now about argo spending money.. How much I don't know.. But argo spending on green credits.

Machines and naddaq details.. With the spend and share issue.. Anything else and it will just be a dissapontment