Member Info for the_Chuz

@fudgerella

Yes shouldnt be too long, once it's known investors can act accordingly. We need IPO/funding and machines brought online. Then the brakes should be off, everyone seems to praise PW for his transparency but I'm not in that camp, I think a lot more could of been shared even things like that 100m loan term, what's the deposit req, what's the payback etc.

It will come good, just painful along the way

Although everyone got into a bit of a pizz the other day when I dared to mention it, I think it's the IPO that's doing it and the unknown on the dilution side of things.

Btc breaks 46k, shorters dropped off and yet the SP looks weak.. Why is that if not for the uncertainty and poor sentiment towards us?

Haha ridiculous

Nifty

I think that is the dark cloud, we know that the 100milkion loan is to kit out texas, but we don't know on what terms.

We know that a deposit needs to be given for the loan and it will be via a share issue but we don't know. The size of the deposit required.

The IPO in my mind must cover atleast the deposit but I'm sure it would go much further as to pay back the 100 mil loan at todays btc price would take 2,222 bitcoin, more than we currently have.

If I was doing a loan of that size I would value the btc holding at 30k each (my made up figure) but gives security. I would estimate 1500 btc on the books, so I would want a deposit of around.. 30 - 50 million worth of shares issued just for the loan acceptance. A 30% deposit doesn't seem unreasonable.

I think it will be around 30% more shares, pure guesswork on my part and I'm happy to be shot down if anyone thinks differnt.

The question is, will that 30% dilution enable the share price to sky rocket as it is then a fully funded expanding project, I'm thinking yet but there is obvious doubt.

A quick look shows RIOT has 2687 btc, and if you look at there website they demonstrate a very visible growth plan, which many rigs on order and good expansion.

I would value it as atleast double, maybe treble Argo.. I've not looked at any debt or any other factors the above is purely so people can get thier heads around the valuations using market cap and hash rate alone.

We would need to know why BTBT is even more undervalued than Argo and that might give us a clue..

How many BTC do Riot et all have on thier books.
How much debt needs servicing.

I know we like to say we are undervalued compared to Riot but how long have they been mining for compared to Arg, how much free cash flow do they have, what is the cost to replacement of rigs every 3 years.

There's lots to consider when doing a comparison you can't just use currwnt hash rate and Market cap.

I. E.
10 hash for Argo with 100 btc in the bank
10 hash for RIOT with 10,000 btc in the bank

If you were going to buy the whole company, which one would cost more.

Now I know some won't like this but I actualky think the MM are doing thier job OK, they seem to be holding the 1.22 - 1.30 ish window and keeping the price relatively stable. It will take some volume and momentum to break it (either way up or down)

Wouldn't surprise me if it's a blue finish today.. Just have to let it do its thing.

@Chaebol

Same here, got the long term pot fully invested so will ride it out whatever IT is.

Just have to time the short term top ups right.

Seems a bit daft for people to be selling considering the viterol yesterday haha

@TheeDuke

Didnt you buy 100k or something yesterday and now you sold 400k.. Dude.. Pick a path haha

@caneToad
"For example. Let's say you have a company with 100 shares of £1 each and the company decides to issue another 100 shares to pay for an identical business, so that the revenue/profit is doubled. Existing holders now own something of the same value as before and hence the value of those shares is unchanged."

Yea that's genuainly the situation I'm hoping for, with any luck it's going to be a complete no brainer and a obvious spend for good returns. We will have a time lag from notification to actual purchase but if the market behaves properly then it will get priced in immediately.

It's why I'm heavily invested now, I think/hope it will be positive all round and we go to the moon.

It needs to be a clear RNS with no doubts.

Hopefully a better day today so folks can be a little more objective and a little less grumpy

Classy HeresHopin.

You all might of read or know this already but makes for good reading...

https://knowledge.sharescope.co.uk/2021/02/24/small-cap-spotlight-report-argo-blockchain/

So the 100 million loan facility is pre negotiated at the time of buying the texas project, shares issued as its deposit.

The expectation is to spend the 100mil kitting out the 200MW planned.

That we side seems to give a reasonable summary

Jayblue

That's a fair point tbh, I wonder how deep Galaxy's pockets are, I don't know much/anything about them.

Up

Did the spam filter block you haha

You might like it described better this way..

Hey guys, don't worry if its up to a 30% dilution, even at todays low price that the shorter have knocked it down to its still not as low as it was just a couple of weeks ago at 85p and look how fast it rebounded in just days.

When it happens all the doubt will be removed and it will be a much higher price than it is today, how high? No one knows... To infinity and beyond!

How's that, its saying the sane as what I've said just now but in a nice upbeat board friendly tone.

@CaneToad

This board is very odd with the type of mentalities, there seems to be a norm around attacking and insulting people instead of disagreeing with what they've said and debating it's merit.

No CEO has an issue raising funds from its listing its one of the main Benifits to having it listed. Those funds are needed for expansion of the company, it's normal.

It's going to cost a few hundred million to sort out texas, albeit with a good rate of return.

It's looking like that money will most likely come from the nasdaq IPO.

That IPO with create more shares, so existing shareholders will be diluted.

Why are people pretending it won't happen? Have I missed something which says that the new facility is fully funded and we have 600-800 MW of equipment paid for?

I just don't get the personal attacks. It actually makes me more concerned as an investor when I read the naiviety and attacks because it questions the level of maturity of those invested in the same company.

@Flow

Thats my hope too, get the IPO done, average down if needs be then away we go.

I've got a short to medium pot invested and then a long term pot on the go. The long term pot, which is much bigger than the short term is fully invested already.

It's the short to medium pot I'm holding back for the IPO.. So I could say I'm short, medium and long term invested ha

@K3V - you amuse me, the irony of you trolling people by calling them trolls isn't wasted on me.

Your AI Analyser may need to go back in for calibration though.

End of the day the share price is at what it's at for a reason, that reason isn't the evil market makers or twisted shorter, at best the shorter are a symptom not a cause.

Get the IPO sorted and we are on our way, I just don't know from what base.

@K3V To be fair my grammar is shocking especially when I'm bashing it into my phone, it's as if I go into text speak automatically. It's usually a day or so after if I re-read it that it really strikes home.