Member Info for Triggerboy

BTC back over $9k this morning....RNS this morning for April performance ?

The only valid point chicken curry makes is our costs are too high...the suggestion anyone can mine efficiently at home is ludicrous. To the point about costs has anyone had visibility of the full accounts as I would love to know who we paid the consultants fees to and some further breakdown as to the travel as I know we have a very small employee headcount and not sure our costs reflect that.

I was badly burned on this one but managed to trade my way to being virtually flat. I have bought back in at a low entry point as I do think as a punt it could make some money but it’s a massive risk that they can either monetise the infotagion hits or capitalise on the contacts they’ve made. Biggest risks for me are the finance arrangement, Mr Sefton and finally their lack of business acumen.

It is incredibly frustrating as I keep waiting for each new RNS to be the one that gets the SP moving, the full year results were underwhelming and hasn’t taken us up. Let’s see if we get April’s results early next week and if that’s enough to get us moving. Failing that we are totally reliant on BTC price post halving.

Suspect my buy order will get fulfilled again today....

I’m in UJO and RBD and was wondering why RBD wasn’t enjoying the same bounce this morning ? Just goes to show some PIs can be manipulated by articles. In reality think RBD has more upside with the WN asset but might have slightly more risks with its other assets. Either way when the world gets back to normal I’m sure WN value will realised. In the meantime just think they need to use the time to get a true value by the EWT. Still think think this has upside approaching many multiples of current SP.

The hive comparison is crazy....older machines, less efficient, significant debt and still four times our market cap. This is one of the things that gives me confidence to say the SP will get to true value sometime in the not to distant future. Need 6.9p and my entire holding in ARB is in profit !!!

I just hope we are holding some coins back in treasury for the last few months

He needs to ramp the arse of this one !!!

Poptimist....couldn’t agree more, let’s hope we get an AGM in the summer and they can articulate their plans

The SP follows BTC down but rarely back up as quickly....again most people don’t understand BTC or Argo hence the current SP. Hence any one who holds and understands the fundamentals absolutely get it but in turn are incredibly frustrated. Anyone who is in BMN will have the same frustration as well (my second biggest holding !)

Blimey duke....you may need to notify TR1 shortly ! Mind you I’ve used the bulk of mine and missus ISA allowance already on Argo shares. Only time will tell if it was the best decision ever or I’ve got work another 12 months ?

For the record I still believe....

Perhaps the company should be shouting the NPV, I’m only hoping Aprils update will confirm the 1000 new machines have been installed and we have mined more coins that March.

Checked in on here this morning just after 7.30am and didn’t see an RNS (no surprise for this site currently). Just after 9 got an email alert to say my cheeky buy order had been fulfilled so checked in as was surprised what had driven SP to 5.27p given BTC price going up ?

Have to be honest read all the comments and I’m slightly underwhelmed.

If they have prepaid for energy it should be clearer as that’s as good as cash on hand.

I don’t think it’s realistic to expect a dividend, as they raised at last years AGM. I think Idiot441 has articulated several times to the BB as he was one of the few people to attend last year.

I think some of the costs seem way too high and I’d like further clarity on what legal / consultants costs have come from.

To Treks point we are incredibly vulnerable to a takeover as we worth at least 12p of anyone’s valuation and sure the BOD are doing enough to push the SP along with this RNS.

I’m sure not everyone will agree with me but BB’s are here to express opinions.

Qwerty... I think they can do all 4 of your points, commit to buying more machines as got free cash flow every month. No need to look for lower power prices at the minute as got excess capacity until more machines come on line. I do think they could buy back 5% of the existing shares and pay a 5% dividend all for around £1.5m. I think all these actions will slowly increase the SP.

Followed the chat this morning and my thoughts for what they are worth....

- don’t see the point in taking on debt when we have free cash flow each month, unless there is a massive discount for larger orders ?
- agree I would order a 1000 new machines a month until we get to the P/H figure we want to be at, whether that is 1320 or whatever we need it to be to be the biggest listed miner.
- I think it is important we do a dividend payment as that’s what most LTH are looking for but can see an argument for share buyback as well.
- I think sitting back and waiting until post halving isa mistake I think we carry on producing but don’t necessarily sell all coins in the next quarter.

I think we can’t necessarily expect BTC to react the same as it has previously given we are in the middle of a pandemic and nothing would surprise me. Doubt we will see much north of $10k in the second half but equally can imagine a range of 0 to $50k this year in value of BTC. That’s the joy of owning Argo....

Duke...totally agree I suspect we will see 8k this week just surprised not seen an increase in SP this morning to reflect the move from 7.3k to 7.7k over the weekend.

RNS Tomorrow ? Any forecasts on dividend payments....

Snakes and ladders is a great analogy.......just been a lot more snakes in the last year than ladders !!!

You never know with Saatchi’s clout be able to get a better finance agreement and get rid of the continual rubbish deal we have at the moment. Let’s hope the icon boys impress