Member Info for TrekMadone

Interims n 12th September should be interesting, small loss expected in bioplastics but an update on customer orders will be key. In the trading update they said RF levels had normalised, I was surprised as I thought they would tail off so could be a surprise to upside there. Also I do expect cash to be less as they have increased headcount to drive growth. So September will be a key tee up for year end imo. Trek

What an amazing read. Often one would post highlights, it’s all highlights! Even the current sp is a highlight a massive opportunity! Trek

Firstly my apologies to the BB for OT but I only made my post here and on one other BB due to the erudite nature of posters and that the bb was not too busy. I won’t post again OT on ARB so you can switch off now!

Hi OaW this link has a simple explanation, there is also lots on YouTube.

https://www.bitcoinmining.com/

To over simplify and frame, mining is solving problems on the blockchain. What? Ok so let’s look at blockchain possibilities. Imagine you are a shipping transporter, like Maersk (they are currently using blockchain). So you assign a code to every container and every item in that container and their to and from destinations. So I buy some paracetamol in USA for delivery in Venezuela. It takes my cash goes on digital ledger as a crypto currency. Assigns code. Tracks digitally through contiainer transportation overseas from USA and converts into local currency and tags to patient at other end. So there is a digital footprint from factory to a specific patient! Every patient anywhere in the world. (Imagine implications of that). Or I could be in Ethiopia’ and I wanna buy USD so I make a bitcoin conversion and then at other end go back to fiat ‘instantly’. Now some banks are using Ripple (digital currency) for currency transfers now, other independents are using Stellar Lumens. Using crypto means you can process THOUSANDS of transactions per second flawlessly compared to current archaic currency transaction times which use manual clearance and have ridiculous fees and lags in exchange rates. So suddenly you have opened up currency exchange to the ‘unbanked’ as they can do this on their phone. You also have nano payment options so using crypto on say YouTube views you could only be paid for a fraction of an advert that you show or just a part of a musical track that a viewer listens to, literally seconds. These are my own words but you get the gist to help frame blockchain applications. The uses and speed, low friction transfer and code permutations means blockchain applications are pretty limitless. It will imo eventually replace the internet because the code is open protocol, so anyone can see what has happened, it has more applications and the internet is getting clunky! So to answer your question what do they do mining crypto, ARB solve these mathematical problems on the bitcoin blockchain enabling the data to flow and get paid in BTC for doing so. The more difficult the block the more coin. And they get paid for enabling transactions. That’s mining. Or to over simplify it’s more like during the gold rush ARB would be the guys selling shovels to the prospectors! Trek Hi ho! Hi ho!

Pretty long off topic but it may be of interest to some while we wait else ignore.

I am invested in Argo Blockchain (ARB), it’s listed on main market (audited accounts). They recently IPO’d and changed their bus plan to mine crypto rather than sell mining capacity to the public. Their fundamentals seem unbelievable, they have no debt, no complex warrant or CNL’s, directors have skin in game and institutions in at much higher SP. They basically get paid in BTC for solving problems on the blockchain (mining). Their breakeven is BTC at $2k, it’s been around $10k so they have been throwing off loads of cash, recently around £1.8m a month. They have just paid out for 15000 new machines, all the capex paid for in cash and have secured the cheapest greenest energy in Canada on an extended deal. Once these machines are on line ARB will be the biggest miner in the world. Scale is important, as is lowest cost. A catalysts for BTC stepping up is if the US SEC authorise BTC/crypto ETF’s. That should force the demand for crypto and crypto assets. ARB would be an obvious choice. When gold ETF’s became available the pog soared like 5 fold, (I have links). Also with trade wars, Hong Kong and sanctions crypto is becoming a safe haven. It behaves like electronic gold. We also have banks increasingly using digital ledger technologies (DLT) for cash transfers, which need mining. Add to that Facebook is ready to launch Libra and some countries like New Zealand accepting crypto as a payment and looking at the MCAP of crypto it isn’t going away. Next year will also see BTC halving which should lift prices higher. ARB are forecast to make £40m a year once the new machines come on line. They are currently 8p. If they turnover that then a SP of £1 will give them a pe of less than 8! Incredible! The obvious caveats are BTC price and competition, mainly in China. I picked up ARB as I wanted exposure to crypto without the hassle of owning the physical as I did lots of research and the trading costs are extortionate and I am not a fan of ETF’s etc as I want to pick my own investments, then along came ARB. Although on main market they are as volatile as an AIM stock so not for many, but atm BTC is undergoing a bit of a pull back so after DYOR it may be a good time to average in if it’s for you. I am waiting for sub 7p to buy more and then sub 6p if the price points get hit fine if not I’ll hold what I got. Anyways it was fun to research something new and anyone that has asked me about it thinks I am barking! Crypto prices are on link below. Trek, woof!

https://coinmarketcap.com/

Hi itsyou, I got you down as a bit of a sleuth and a pretty knowledgeable guy. I am invested in Argo Blockchain (ARB), it’s listed on main market (audited accounts). They recently IPO’d and changed their bus plan to mine crypto rather than sell mining capacity to the public. Their fundamentals seem unbelievable, they have no debt, no complex warrant or CNL’s, directors have skin in game and institutions in at much higher SP. They basically get paid in BTC for solving problems on the blockchain (mining). Their breakeven is BTC at $2k, it’s been around $10k so they have been throwing off loads of cash, recently around £1.8m a month. They have just paid out for 15000 new machines, all the capex paid for in cash and have secured the cheapest greenest energy in Canada on an extended deal. Once these machines are on line ARB will be the biggest miner in the world. Scale is important, as is lowest cost. A catalysts for BTC stepping up is if the US SEC authorise BTC/crypto ETF’s. That should force the demand for crypto and crypto assets. ARB would be an obvious choice. When gold ETF’s became available the pog soared like 5 fold, (I have links). Also with trade wars, Hong Kong and sanctions crypto is becoming a safe haven. It behaves like electronic gold. We also have banks increasingly using digital ledger technologies (DLT) for cash transfers, which need mining. Add to that Facebook is ready to launch Libra and some countries like New Zealand accepting crypto as a payment and looking at the MCAP of crypto it isn’t going away. Next year will also see BTC halving which should lift prices higher. ARB are forecast to make £40m a year once the new machines come on line. They are currently 8p. If they turnover that then a SP of £1 will give them a pe of less than 8! Incredible! The obvious caveats are BTC price and competition, mainly in China. I picked up ARB as I wanted exposure to crypto without the hassle of owning the physical as I did lots of research and the trading costs are extortionate and I am not a fan of ETF’s etc as I want to pick my own investments, then along came ARB. Although on main market they are as volatile as an AIM stock so not for many, but atm BTC is undergoing a bit of a pull back so after DYOR it may be a good time to average in. I am waiting for sub 7p to buy more and then sub 6p if the price points get hit fine if not I’ll hold what I got. Anyways it was fun to research something new and anyone that has asked me about it thinks I am barking! Crypto prices are on link below. Trek, woof!

https://coinmarketcap.com/

“II's may return for a further piece of the action at some point too.”

Yes indeed I think we have just seen some autonomous ii and PI buying so far. The timing of the RNS in August certainly caught me off guard. Didn’t expect anything until September. Keep an eye on those daily volumes. It won’t be long before we see authorised insti buying, they will want to average down now same as us. Imo, there is just a lag, be great if we get some TR1’s soon. Really pleased for Agadem being able to average down he and Z have steered this BB. Imo we haven’t got much of a window before bau in the city and newsflow from SAVP. Not often us PI’s get an edge. Trek, been an amazing August on AIM! GLA.

https://www.londonstockexchange.com/exchange/prices-and-markets/stocks/exchange-insight/trade-data.html?fourWayKey=GB00BP41S218GBGBXAMSM

Keeping it simple we raised at a discount at 28p, oversubscribed, without ministerial consent. We get consent and are now at 19p and all the other research still applies including 5 successful drills. So why wouldn't you want to now pay 19p for something that was without consent 28p. No idea so I bought more today. Treklogic. Gla

O/T split any spare cash between TXP first then I3E that gets you 5 drills. Or add in MATD for 7 drills but they have risen of late. Going to be a busy Sept after an amazing August. Trek, drill fatigued? nah!

Shareholders get to vote on....scroll down RNS for details also on website.

1. Approve £10m note converted into shares
2 BoD want more powers over share issuance within parameters of RNS, basically for incentives for staff
3. Scrape old options and issue new ones as per table
4. Pay directors sht loads of shares once well is FUNDED.

Or whats not said don’t vote for it and we loose the license and drill chance.

I know it seems jobs for the boys esp Potter but at least we should all now be aligned for success. There are also clauses on when they can sell options. Note funded not when/if we strike oil which is reasonable else they don’t get paid. As I have said for me it’s now getting together headroom for a second drill while the experts do the planning. That’s where Potter’s energy should be now on Farm out and finance coz he probably know little about the actual ops.

Trek, In to the end with risk money.

Yes remember 2012 was it, can’t remember for sure kids grown up since. But 2p to over 20p on hope! This time we got far more shares though so whilst I don’t expect 20p I do think we’ll see 5-6p pretty quickly. Last time I didn’t topslice bought more on way down and luckily sold out a small profit along the way on rises. Let me assure the BB I have learnt fk all from my mistakes and am going to let it all ride! Trek the fool!

“Gil's played this like a master stroke. Always raising cash before it's actually needed.”

I didn’t think we would raise or want to see one this early on but what a difference a few days can make. If we get a new trading range of 180-200 then a raise with a small discount would be great. Imo the sp changes everything.

Trek, mind changer!

“bought around 2.5p sold at 6.5p - should have keep this one..”

Mikebassets with respect get a grip! This is a mistake too many investors make. ARB at 2.5p is not the ARB it is today, hence a different SP and the ARB today is not the ARB it will be in the future.

You did all that research to buy at 2.5 and profit at 6.5 and yet you can’t rationalise paying more today following our excellent capex news? This is not some secondhand car that looses value.

No harsh intentions meant and certainly no advise intended just a different perspective. I sold out of GFIN for a loss and bought back in the same company following news because I believe the news was transformational. Just waiting for mr market to catch up. Similar to here I sold at around 4p for a loss and then bought in in tranches back up to 7.3p coz it’s not the same as when I sold.

Trek

£1

I have just added a few. Unfortunately in a position now where had to sell elsewhere to add so dumped BNC, I had a 6.5% divi, 2.5 x covered and a pe of around 7 there so just goes to show confidence now in savp. Imo this is just an investor lag. There is a lot of info for insti’s to absorb. We haven’t seen many big buys yet most looked autonomous or PI. I think the trading compares to ECO where they had news and then the SP pulled back only to take off again in last couple days. We’ll see, Trek.

Hi Woo,

Same thing, it’s just the SEC regulatory framework, ETF is the vehicle. See my post Sun 23:04.

Trek

£1

Dont get spiked. MM have been asleep on this one wait for spread to tighten. Anyways for me 10p is irrelevant. Just thinking out loud about the ETF stuff. I wonder how many ETF’s would emerge as crypto/blockchain related as opposed to just a BTC tracker. Quite a few I reckon and if so.....

“as announced on July 4th, to 1.36 exahash (EH), which would currently make Argo the largest publicly listed crypto miner in the world.”

Then you would see a proper spike!

Trek

£1

6. Don’t forget BTC halving next year. That will put immense pressures on less efficient miners and difficulty levels will increase as blocks become more complex necessitating cheap electric. Investors have to get their heads around this and understand the volumetrics on blockchain. I am sure we will see ARB also moving into more altcoins as well. But for now it’s a bit like self regulation/efficiency. However, If the SEC approve BTC ETF’S in the next couple of months all bets are off and imo BTC and ARB will go rough the roof. The BoD have a great business plan to stay ahead of curve. BTC is becoming a global currency, it has intrinsic value like gold and in a world of currency exclusion and protectionism BTC circumvents that framework and pops out the other end as fiat cash. The biggest risk is the Fed adopting their own crypto currency. It is something that has not been mentioned but for Trek it’s the biggest threat albeit not yet nascent but then they would need a state miner! So in the meantime if you can’t get your head around this just sit back and wait for £1!

This is a great little podcast, BTC for dummies.....

https://www.ii.co.uk/analysis-commentary/podcast-introduction-bitcoin-and-cryptocurrencies-ii509005?utm_source=IBMW&utm_medium=email&utm_campaign=Afternoon_round_up_newsletter_190819&utm_content=&spMailingID=6936911&spUserID=MTQyNzM1ODMyODU2S0&spJobID=1331263103&spReportId=MTMzMTI2MzEwMwS2

Trek

£1

PS. Can’t wait to say told you so!

£1

Trek

£1

Trek

Games are afoot! Sector is up generally MATD down as imo MM got caught short of stock following buying since last RNS so holding price back. Should finish blue but surely we should be back over 8p by now. My other holdings all doing well. BP. SAVP. TXP. ECO. I3E and HUR come on matador!

https://shareprices.com/sectors/oil-and-gas-producers

Trek.

Well done all , Trek is well and truly blue now, not on the scale of some but still chuffed.

Hats off to Paul Curtis on that massive buy sub 12p. It’s great to see PI’s coming up trumps. A big risk that paid off. How many shares was that Paul? Let the BB know before you sell! Trekelations!