Member Info for Wmsjames

Splatted , you made me google this . Lol

https://cryptonews.com/news/breaking-south-korean-parliament-passes-landmark-crypto-bill-5948.htm

Duke can u top up every day from now to Xmas please

good buy Duke..

Few not through .. Sorry - need coffee ..

Asia market up , so hoping for blue day

Rocket - it’s been a tricky through weeks , after the bloodbath , I went on long on LTG and AVCT .

Based on using £150,000 overheads per month. I have net profit £1.75 million for the Jan and Feb Combined.

Very good start to the year .

( I have assumed 50% margin for both months)

Hi all

Does anyone have any idea what the monthly administration costs are excluding depreciation. I have read around £100k to £125k a month.. Therefore based on £2.54 million on 50% margin, we are looking at £1.27 million gross profit and potentially £1.1 million net profit a month ( excluding depreciation which is reported to be at 33%).

Am i miles out?

Wonderman - Any ideas on what the bottom on btc will be?

They seem very positive about post halving, Peter mentioned in the Vox market interview that at least 20% of the market will be switching off, from what i have read 20% is very prudent , some websites say upto 40%.

Very good RNS, not much else to say.

The investment in a 1,000 machines is 'smart' (using Peter's words in the Vox market interview).

50% margin was lower than expected, but still a great margin

This is my guess for Februarys results RNS

Record month for revenues and profit

I have done similar, my average isnt great, but i will be moving all profits from this weeks bounce back into here. I3E have a great asset and my money now is on Dolphin doing a decent deal with us. Sp in my opinion should be between 10 to 15p and i believe it will return to these figures once a half decent deal is done.

i think they are buys as well, but more buys are coming through on a 4% spread

I wonder if there has been another leak

this needs to rerate - twice as many buys as sells.

Oil up and other companies up..

Very strange

Yeh agree , expecting RNS first thing tomorrow or first thing Wednesday .

GLA

If the market sees blue today and we get a good update this week, we should see a sharp increase.

BTC has hopefully bottomed and will start creeping back to 9,000

Number of new cases down today , if this continues into tomorrow, there must be a recovery

https://www.worldometers.info/coronavirus/

Thank you for all your posts .

My estimate was £7million . So not a million miles off , it will be easier to predict when we see the year end accounts and see the overheads cost.

This is a genuine question , how much cash roughly do you think ARB will have in the bank as of today ?

I agree the podcast was very good and well timed. We know we are ahead of January and it appears they are trying to be smart on the asset management. I couldn't really gauge on whether they were investing in new machines now or later, but my guess is later.

It is clear ARB BOD expect bitcoin prices to raise and difficulty to drop, a good combo for one of the efficient miners in the world, like all of us, they cant predict the future with BTC price and therefore are struggling to give a realistic budget for the next 12 months ahead. Align research predicted £10 million profit then i believe this has been revised to £7million recently.

No complaints from me, good interview, looking forward to the update next week. (im assuming its next week)