Member Info for Triggerboy

JUst turned into my first 10 bagger this morning !

I have often wondered if part of the extension of the strategy for ARB could be to mine other coins. Once upon a time I remember people being quite dismissive towards our zcash production on the monthly figures.

I know nothing technically but you would hope the BOD are looking at it and plugging the gaps to increase revenues.

I think unless more kit been ordered they should be able to announce a significant increase in coins being HODL maybe then the market might be able to join the dots and work out the cash profits likely on the full year.

I’d like to see the zcash / BTC split this month in RNS unless it’s sensitive information that we wouldn’t want to share ?

Just wonder if we will see RNS this Thursday or have to wait next week followed by H1 results following week ? On a positive looks like BTC price heading back to test $12k level again as just checked and $11.9k very close....

My thoughts for the monthly update.....I know difficulty increased but expecting a slight increase in coins mined 170 BTC for the month ? so revenue just $2m, as average price been alot higher and expecting over 50% margin. Not too much to hope for ?

I’m sure someone can refine the prediction ?

Trek....I think anything short of 15p a share makes me uncomfortable after that any takeover would need to come in at 20p a share. Just need to sit back and learn to switch off for at least 6 months !

Easier said than done....

Trek....when I initially read that article I thought great more demand for coins so the price will up as fidelity wouldn’t start a fund like that unless expecting millions to flow in and consequently the price will go up.

But then I thought well if I was fidelity and I wanted to maximise returns why pay retail for those coins when I can mine them myself ? I know we’ve commented on this board many times before on this about the likelihood of a buyout but think as the BTC newsflow increases the more likely this becomes. Mainly as unlike some of our competitors Argo is not priced at a premium and someone like fidelity could take us out for £25m to £30m which could be covered in 1 years revenues if BTC go up slightly.

For me I didn’t get into ARB to double my money so hope that August’s update and H1 update really do give us the step up we need to make us that little more expensive to any takeover plans.

Not sure I dare hold for the £1 party but I have figure which is think is true value within 12 months. But I hope I’m wrong and your right on this occasion.

Feverclucker...not sure but best bet is to read the RNS from June for the last 6 months. Covered up until March 31st and if memory serves me correctly it was sub £6m. However lot changed since then and dare say the esports investments alone would have appreciated significantly but on the flip side not so sure about satoshi pay investment now ?

I’ve just read that article and was going to share as talks about esports and online payment growth.

I really do think satoshi pay has the potential to take off, I’m not dismissing the other investments in e sports, but I don’t know a lot about that area but have experience with online and know how frustrating the payment side of things is to business. For me today’s RNS is more CV building for the company to approach other business who deal in low value / volume transactions. That’s when I read about blu star my interest was on that.

Don’t want to be accused of ramping as I don’t trade (well rarely) I tend to buy stocks that I can invest in and leave to grow but do think satoshi pay could come good (do accept its had a trickey time up until recently) but it’s one those companies a big tech company would swallow up if it offered something they couldn’t be be bothered developing.

Poptimist....just been reading about the flooding as not hitting mainstream news. Surprised the signficant reduction in hash rates hasn’t had more of an effect as looks like some miners have shut down due to intermittent power supply issues and some have closed due to flood damage. Either way it’s got to have some long term impact as you can’t just recover from something as big as the current situation especially when the flood risk hasn’t decreased..

I’m surprised we’ve not seen more upward movement on the SP given all the flooding issues affecting RRE producers in China. Suspect that the news is not hitting the mainstream media hence no clicked reduced supply will push prices up significantly. Just read an article and said one of the biggest producer had completely shut down and was looking at losses of $75m to replace infra structure.

Tyrion....think there is a number of us who are LTH’s and hold significant shares. The only reason I’m not adding further is my portfolio is over exposed to Argo already plus in the short term there are better options to invest my money. I personally think a few months ago we were all on here with a wish list of what we wanted to see happen and to varying degrees it has happened BTC price move up, BOD buy some stock (well Peter did), etc.

For me know it’s a period of just waiting on news, I think August’s production update and H1 results should give us the next move but after that we are waiting on BTC price increase which will be driven by sentiment and newsflow (if you don’t believe this will come your in the wrong stock).

Wish I could be as confident as Trek in his vision for this stock but if all things remain in the current track we will see 20p in the next 6 months.

My View on this one is you only need one of the investments in the portfolio to come good and with such a low market cap it could easily reach 3p a share. I believe satisho pay is the one but also think that all the esports could increase in value. At the minute I’ve made 2 big bets and hopefully as they come to fruition this is one I will add to.

Couple of big buys came in near close on Friday afternoon by the looks of it, just surprised didn’t see a tick up in SP near the close. Maybe Monday morning will reflect ?

Just been looking on ADVFN site and saw a pop up ad for Argo...looks like feedback about actively pushing the company has been taken on board.

Shandy....think we are all hoping for a profit in H1 given that Peter seems to have a much tighter grasp on the costs and we shouldn’t see a lot of last year one off costs impacting. In the current climate a profit is a profit, I think combined with Augusts update people will be able to forecast what the full year results will look like even if BTC stays at current levels.

Just checked myself an SP is unchanged at 6.7p, quoted me 6.89p to buy which is what I expected given BTC stuck in $11.8k band. Would be nice to get above 7p though before we get August update which I’m hoping will give us a double digit lift when comes out.

Cheers econ....suspect this will be one of the hardest months to call the coins mined....

Sorry should have posted ‘can anyone explain ? ‘