Member Info for Wmsjames

This is a huge appointment , very impressive indeed ..

Blue
hashrate dropped 20%
BTC just broke 9400
Zcash up 9%

That’s good news - are you buying in Dan ?

ARGO BLOCKCHAIN

('Argo' or 'the Company')

Board Appointment



Argo, the leading publicly traded cryptocurrency miner (LSE:ARB), is pleased to announce the appointment of Dr. Marco D'Attanasio to the Company's board of directors with immediate effect. Dr D'Attanasio has been appointed as an independent non-executive director and brings over 20 years experience in international capital markets, fund management as well as entrepreneurship in the technology sector. He holds a PhD from the University of Parma in Italy in theoretical and mathematical physics.

Dr. D'Attanasio is currently the Chief Investment Officer at Hadron Capital, an investment management firm he co-founded which is based in London. Hadron Capital LLP currently holds 13,548,000 ordinary shares in the Company. Prior to co-founding Hadron Capital, Dr. D'Attanasio served as a Managing Director at the Royal Bank of Canada in London and was responsible for the Europe and Asia Relative Value Group, a 10-man proprietary trading unit based in London and Hong Kong.

Peter Wall, chief executive of Argo, said: "We are excited to welcome Marco to the board as an independent director after a rigorous selection process in which he immediately stood out as an exceptional candidate. His broad experience in corporate finance and capital markets will benefit Argo as the company progresses its strategic objective to become one of the largest publicly traded cryptocurrency mining companies."
Marco D'Attanasio, said: "I am delighted to be joining the board of Argo which has positioned itself as one of most efficient publicly-listed cryptominers in the world. I look forward to working with the board and the executive team to build on the company's strong foundations."

The Company would also like to take this opportunity to thank Timothy Le Druillenec, whose departure as a non-executive director took place at the close of the AGM, as announced in the Notice of the Annual General Meeting.

There are no details to be disclosed under paragraph 9.6.13 (2) to (6) of the Listing Rules.

I thought the call was very good, big emphasis on the value of the asset, especially the gas. I think the sp will be at least 7p by September then some big news.

I am very excited about this company over the next 12 to 18 months, a very strong management team with big connections .

ADM Energy PLC
("ADM" or the "Company")

Exercise of Warrants and Issue of Equity

ADM Energy PLC (AIM: ADME; BER and FSE: P4JC), a natural resources investing company, announces that it has received notification for the exercise of warrants from one of the participants ("the Lender") in the £200,000 loan facility announced on 27 April 2020. The exercise of warrants is over 2,083,333 ordinary shares of 1 pence each in the capital of the Company ("Ordinary Shares") at a price of 2.4 pence per share.

The proceeds of the warrant exercise amount to £50,000 and have been applied against the original loan amount from the Lender which it redeems in full. The Company has also issued an additional 208,333 Ordinary Shares at a price of 2.4 pence per share to the Lender to settle the £5,000 interest accrued on the Lender's original loan.

Admission to AIM and Total Voting Rights

Application will be made for the new ordinary shares, which total 2,291,666, to be admitted to trading on AIM. The new ordinary shares will rank pari passu with the existing ordinary shares. It is expected that Admission of the Shares will become effective and that dealings will commence at 8.00 a.m. on or around 22 July 2020.

Following Admission of the shares, the Company's enlarged issued share capital will comprise 76,616,905 Ordinary Shares of 1 pence each with voting rights in the Company. This figure may be used by shareholders in the Company as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change in the interest in, the share capital of the Company under the FCA's Disclosure and Transparency R

Looks like i missed a step in my post , i think based on $59 price for ZCASH, we will be making $250k a month in dollar and therefore around £200k in sterling..

Zcash
I have been trying to understand ZCASh and the impact this has on the monthly accounts.

On 19th June 2020, the Company purchased 750 Bitmain Z11 mining units for US$474,000 to add to the Company's existing 1,000 Bitmain Z11 mining units currently in production. The additional 750 units went into production immediately at the time of acquisition and are currently running at full capacity.

We were also told that the new rigs had a payback period of 8 months. Under normal circumstances this would mean we expect profit of $474,000 / 8 per month which is roughly $60,000 a month, but due to Zcash halving in November, I assume this means, we will making $80,000 profit from now to November and then $40,000 for December to February.

So based on 1750 machines, we can assume $80,000/750*1750 we are making $185,000, lets says $175,000 a month profit from Zcash.

On the 19th June 2020, Zcash price was around $52 and now it is $59, a 13% increase in price. On the difficulty side , it does appear we are averaging 10% higher since 19th June 2020.

So I believe we are earning about £200,000 ( changed from dollars to pounds) in profit which covers all operating and administration costs.

25% of income is accounting for £200,000 profit, which means bitcoin can produce a small surplus or breakeven while btc price is low.

If my figures are correct, this was an incredible deal by Peter

Last line - from our future German shareholder base ..

Dare I say , are PEEL out no big sells

Osa’s friends brought in at 7p I believe , so my best guess is 10p plus

HI Thetruth - i think the last two dilutions were at a premium, clearly this doesnt mean the next one will be.

https://www.theblockcrypto.com/post/71483/paypal-reveals-that-it-is-developing-crypto-capabilities

EB - i cant make the call, please could you post any major points on here..

Sorry looking after the kids today

Very impressive rns - especially the line - tripling production

thanks jamesy227.

I agree, just researching the end of rainy season, some website say August and others September, i think north China has it longer. Thanks for the twitter link. I am trying to learn more about PlanB's model, it is interesting stuff. I think Charles Edwards on twitter is very good.

The timings of the hashrate increases has been very odd.. Just dont understand it, yesterday is was around 105 i think and earlier 145..

Poptimist great post.

I have been trying to do some research on the current hashrate levels, higher than i expected, not particularly concerned for Argo, but would like to know why.

I realise it is rainy season in China and this leads to very cheap power costs, but what does everyone else think , any opinions?

Zcash will play a very important part of our margins, if they continue to climb, i think ARB has 3% of the market.

I have started reading Plan B’s Btc model , don’t 100% believe it and don’t 100% understand it , but even if he is 50% right my kids are sorted and that’s all I care about ..

Have a good weekend .
Stay stay

A friend of mine refers to him as a reluctant CEO , technically no question marks over his abilities but showman wise still learning .. I have witnessed him develop over the last two/three months and I think we will see a massive change in next 6 months .. peter is a very nice guy , he cares , he listens and takes a lot of time out of his day to answer our emails .. for an investment like this one , I would prefer a tech guy running it , but I do have every confidence he will be more bullish as btc raises .. medium term he uses the words ‘wildly opportunistic’ short term a little more cautious .