GreenRoc Accelerates their World Class Project to Production as Early as 2028. Watch the full video here.
The timing of this tranche was possibly as much by VAST as it was about dotting the i's and crossing the t's with Atlas. VAST know there equipment deliveries for BP were due to arrive in Feb. This way by having the first tranche delivered now they can pay for the assets without having to wait months for them to be up and running. The equipment will be installed all hopefully by end of Feb and BP will be up and running, building up to full capacity over the next few months. BP is projected to earn around £1.5m profit per month for vast. So in theory just over 4 months of BP running should pay off Atlas too. If they can get diamonds up and running within a few months then happy days.
Hi John, that's good to know and certainly strengthens ARB's hand. Though personally I doubt it will be as long as 3 years before better rigs comes out. However ARB's models should see them through as least the next BTC bull run (fingers crossed) over the next couple of years which is the main thing.
ARB are just about now at their peak of 600 petahash. This with current hash rate difficulty and current price of BTC equates to roughly $2.7m profit per month, or $33m per year (this is profit minus electricity costs - doesn't include ARB's over costs). Whilst this is fantastic, there are certain other factors to consider. 1/ Competition - there are a few really big new miners entering the arena - SBI/GMO for example are looking to open in Texas a 300 MW mine rising to 1 GW by end of year (there is another similar once also opening). They are investing $150m in the mining operation. ARB's total MW is 65. What this competition means is an increase in hash rate difficulty. The hash rate has risen in 1 year already from 44m TH/s to 110 M TH/s). This will only increase further which means you'll get less btc for your mining power. 2/ Halving due in May - this will drop the bitcoin reward in half from 12.5 BTC per block to 6.25 per block. Again less BTC for you're buck. 3/ Continued renewal of hardware cost will be needed. There will be newer faster mining rigs coming on the market every year, ARB will have to invest in this new hardware to keep pace with other miners.
Now on the plus side BTC price normally increases before halving (I'm expecting about $16k BTC by April) and often goes on a bull run after halving. ARB also have very efficient energy costs. What all this means is there are a few factors to consider when looking at ARB. If, as I suspect BTC to get to ATH again this year, and beyond the year after, then ARB will do very well. How well will depend on continued expansion from ARB, competition and how high BTC will go.
Tweets from Argo
"Install of new machines ahead of schedule. Current installed prod capacity is 13,364 machines. This includes 6,375 new Bitmain Antminer T17s installed since the beginning of this month.
Installed machines currently produce 472 petahash. Will produce 650 petahash when current machines on order installed."
Daz, what scares me that you are still on this BB offering you're wisdom on a share you're not in but have openly expressed an interest in. Its up 30% since you started from a 10 days ago, and yet, here you are, saying how dangerous it is, how dodgy it is..Should have bought in 10 days ago instead of just spouting off on its reasons not to. Maybe should have bought it a week ago. Its AIM baby.
I'd love to know who Mr 5m is, he's been dicking around with the price for months now. If it is one individual. Could it be the mm's trying to shift the price one way or another, we'll never know, but its bloody annoying in the AIM cesspit.
Womo - it was stated in the RNS on 26th Sept
"Furthermore the Company has settled the historic claims by mutual consent. The Company will update the market further as this matter progresses". We don't know what they're value is (I seem to think around $10m worth was being bandied about back then) but in a podcast around the same time AP expressed that SH's would be very happy with the outcome. Now whether this is still on we don't yet know, we have to assume so as we haven't been told otherwise, and I'd imagine further details will emerge when it crosses the finishing line.
Topgun stop believing what CEO's say, just look at the fundamentals. They have always been there with vast but with mining in dodgy countries unfortunately these things always get way out of the current time stamp. There is a reason that big companies don't go into these countries, and why small ones do. Being small they get messed around, but they also see the potential game changing potential. Most never realise that potential. The AIM pitfall. For ever miner with a wonderful asset, 90% fail to make good on it, but finally VAST I think are ready to make on that realisation. What ever anyone thinks of AP that restructuring was a blessing from god, painful to LTH's, (see post below). Now hopefully is that point of realisation, BP we know is a wonderful asset, marange used to be a pipe dream and yet the mcap is still down here, I'm a buyer here. Things may change and I'll get out as quick as I can but honestly VAST right now has great near term potential. And that is all that AIM is about near term. If they turn to profit then you've got long term potential. But bounce of low prices, volume, near term potential in AIM is gold short term, lets hope VAST realise long term. They certainly have the potential.
All I'll say to derampers here is respect the trend and volume. No one knows what AP or VAST will deliver or when. However the reason there's so many posts here is because if AP does deliver we all know the SP will be multiples here. AIM unfortunately is about finding bounces of bottoms when possible news is due. It is very rarely these days a long term investment vehicle. The days of instant transactions (rather than holding paper shares etc) , social media including forums like this, brokers pushing placings all makes it become a self perpetuating cycle to make many CEO's just suck up the gravy train that is AIM. That has made it much harder for companies to break out from that cycle. VAST has in the past been guilty of that, but VAST also have potentially mind blowing assets comparative to current mcap. Risk/Reward is skewed at this moment in time towards the reward side. In a weeks time it may shift again. Posting endless rubbish about this or that is neither here or there and matters not a dot.
Has lots of copper....
https://www.bloomberg.com/news/articles/2019-12-16/copper-tapped-as-next-big-metals-trade-of-2020-as-china-recovers
Isas - that's just scaremongering and you know it. 18 months - what.....As soon as its signed they start bulk sampling whilst proving us resource. Bulk sampling means revenues right away. Full production may be a few months later as AP has said in a podcast, but stop pulling random figures out the air to suit your agenda.