Member Info for Wmsjames

Peter is a technically very strong and without any disrespect to anyone on this forum , he is already a few steps ahead of us .. the group who did the call with him , know this business inside and out and he fired back detailed answers to everything we asked .. 8 weeks ago we asked about him buying shares , 7 weeks later he did it .

The recent z11 purchase, awesome investment , read fatcatz posts on this , he knows his stuff . Timed perfectly with Zcash increase .. I think we have over 3% of the zcash network now ..

I love researching stuff and reading about btc , but I am simply going to enjoy the ride. Like I said earlier my kids are invested here ,and they have time on my side .

Stay safe

A group of us, have asked the BOD the very same question and Peter's reply was very good, aside from the costs. If you look at the companies on the exchange, their debt to equity stats will these businesses be operating in 6 months time ( i am big fan of Riot, so lets exclude them), bitfarms accountants have issued a warning, hive and hut 8 operating expenses are going up, his answer was do we want to be associated with this. One of the group asked about a listing in Japan, which i believe is a good option based on my research to date, and the BOD confirmed they are preforming cost benefit analysis on all preferred listings.

I have a lot of confidence in the BOD and to be fair have no reason to doubt them. James is watching every penny and cutting costs, he made it very clear in the RNS's and the call i took part in.

Investors on this board discuss a dividends, we cant pay a dividends, we have historic losses, at earliest a dividends will be late 2021. Investors on this board , blame Peter for the share drop, investors leave, this has been demonstrated on this board, people claiming to be long term investors, sell on a 8% raise. ARGO need new big investors, we all want this, but it will take time, we are a new company with a new BOD, the big boy investors might want to see some stability.

I could go on and on , but the simple fact is the ARGO team are churning out great results each month, the 27% margin was incredible, but our competitors wont release their figures for another 4/5 months, so some investors will forget , how good we are.

Brtrader at 17.38 - fantastic post.

I have learnt this, the hard way, my emotions take over and i sell when % drops , go buy somewhere else with no research and lose more.

I see ARGO as a min 18 months investment, i think Peter Wall has done a great job, his only weakness is the SP, but if the business fundamentals are strong , the SP will correct. Look at our competitors accounts not the SP , the accounts, our overheads are like petty cash compared to theirs

HI Billfunk1 - i thought the same, but the dual listing everyone is mentioning costs $1 million dollars with a running cost of $200k a year and from my research this probably wont happen til November, due to the covid backlog. So whats the risk, say for whatever reason the dual listing doesnt generate the fireworks we would have hoped and the $1.2 million has been wasted.

I have looked the volume of shares brought in ARB, when BTC goes over $10k, unfortunately when this happened in the past our friends Milton and Mr Chang were offloading . It BTC went to $10k by Monday morning , this share would easily be up 50% in a day, based on the previous volumes, then when btc is over $10k for a prolonged period and traders are selling their Covid stocks, we would rocket.

So in conclusion, i would rather Peter spend $1.2 million on rigs now

It’s in my kids pensions and isa ..

Just my isa and stock account for me ..

I really like this company , plenty of news to come from them I’m sure of it .

Bull funk - I would very happy with a 7bag..

Idiot441 and pnk50 are very good as well

Welcome Deagle , if you read my posts on arb , it might help !

Also read shandypants2 and fatcatz , who give a good overview

The Z11's were a very good investment, i am convinced next month, we will purchase more rigs, as there will be more distressed sells from miners. From what i have read, the miners need to sell the rigs quick otherwise the government will hold onto them. This is a perfect storm for ARGO , who has a tiny loan and cash in the bank.

Peter has made some wise purchases this year, managed to get the latest Bitman's before China closed down, whilst our peers are still waiting on delivery.

stay safe

Idiot441 is spot on - Peter has listened and we need to give him time to carry on with his plan ..

June’s margin of 27% was incredible, a lot of us won’t appreciate this , until our peers release their results in 3/4 months time .

SP is crazy but the fundamentals of this business keep getting stronger .

I really don’t think £20k is modest during a global pandemic..

Great news and a very decent amount ..

Completely agree with Idiot441 - very pleased to see the loan paid off and a small increase in the inventory.

Gross Margin £380k minus say £200k (worse) for operating expenses .. £180k profit for the month (ignoring depreciation)..

Razel - i noticed the same thing , very decent buys and hopefully lots of positive news to follow..

And peel getting smaller

some decent buys going through .

completely agree Shanypants, but not sure we will get the guidance now. I hope so .

It seems Tuesday's are their favourite day for RNS's, plus canada had a bank holiday last week, so maybe they took some holiday.

Peel has offloaded another 1. 5 million (estimate) today, should be cleared by tomorrow or latest Monday..

Onwards and upwards

Oilbagger - you paid over the odds at 38.22p