The latest Investing Matters Podcast with Jean Roche, Co-Manager of Schroder UK Mid Cap Investment Trust has just been released. Listen here.
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Yeah, seen recent and past interviews. Also, CEO from btbt gave him and company praise
Yeah probably one of the few actually doing something with stranded energy. Watched a recent video with him and agree. Hopefully it gets noticed at some point - suspect it will be a late runner.
I'll only put a small amount in when they go a little lower, think they look good for the longer term with very cheap energy and their CEO seems to be well respected
There's very low volume on Soluna so the price can move around a lot. To be honest I've been disappointed with it, as the share price has gone backwards. I'm still holding them as I think it will eventually come good, but if you're buying I wouldn't recommend buying exclusively - buy a few different companies to mitigate the single company risk.
Clskbull, looks like it's corrected itself now. Was showing -43%
Clskbull, I know you mentioned slnh before and I was looking into them, any idea what's causing the premarket drop ? Can't find anything
No not a financial genius but fairly experienced when it comes to identifying small cap lifestyle companies and that is sadly what Argo has become and the most they can do is extend their survival slightly by issuing shares to naive investors through further placings.
404 if ...IF you've sold out of Argo then go on to which ever BB youve bought shares in then ! theres no need for you to be here putting your sixpence worth in to talking about a stock your not even invested or interested in !!! over & out...blocked !
That's undfair redinjun. For a start we've all said Argo has no future and won't be operating much past the halving... that is still the case. Chippas is looking backwards and focusing on the deleveraging that Argo have managed over the past eighteen month but that was because they had a flagship facility to sell, brand new rigs, a data centre and a few placings. They don't have anything now to sell and they are burning significant cash month on month from this point forward so there isn't any more deleveraging that can be achieved besides the odd small placing they might pull off (although that will be spoken for immediately due to cash burn). The hosting agreements ends at the end of the year and even if they were somehow going still they'll need to start replacing rigs just to maintain the same loss making hash rate.
Chippas did a good job of avoiding broaching the subject of what happens going forward because the bottom line DRAMATICALLY changes now post halving, from ebitda positive at least to steeply negative. But I watched just in case he was going to try to create a narrative that could be sold to the market but there wasn't anything apart from continue with current plan.
Johnboi..you keep selling em ill keep buying em...patience is the key here !!!! long termers , hold and forget investors will come out on top here , when this moves it will move very very fast...... !!!
Spitfire44 you are very much mistaken if you think you are in a position tell me anything about miners.
404x....all miners are in the same boat at the end of the day..BTC crashes and so do all the miners , just like domino's ...one by one. !!! there are NO fundamentals in this game..bitcoin either goes up or down ! thats it......wether youve got 10 20 50 or 1000 machines it makes no difference you still aint surviving if bitcoins at 10k ....GLA in whatever crypto / miners your in .after all WE ARE ALL IN THE SAME BOAT !!
It was hard to let go lol
Redinjun: current argo mgmt. came in after PW destroyed the company. many here have said that the new team have done a decent job, considering the company's predicament. However, why keep paying their salaries if there is likely no future for the company. Based on the real numbers, Argo is basically NOT a "going concern" at the moment. I can only repeat: investors beware!
@HarCris: I watched the Argo webinar as well; and your summation is disingenuous.
Not in any dismissing the situation Argo is in, according to you, and some here it is in a perennial state of going bust.
They are pursuing the only strategy that is feasible at the moment, - debt/cost reduction, will exploring possible link ups with energy providers. And remaining a small niche, focused operator.
If they were to come out with some 'smart' expansionist plan, that would indeed be worrying.
Yes, they are going to be in trouble if BTC price remains depressed, but then I dare say a lot their more heavily indebted peers will be to.
But the WTFDIK - since I have invested here in the first place.
A I clearly don't posses your financial acumen must mean you are some financial genius, sitting on your yacht parked off a tax haven in the Caribbean.
Recording is here if anyone wants it:
https://s3.amazonaws.com/bigmarker-extension/831d3c886f10-1446660e7a73679f565e2ddc8be94600/831d3c886f10-1446660e7a73679f565e2ddc8be94600.mp4
The full minutes / Q&A's of the call meeting are laid out on the seeking alpha website if anyone wants to catch up on them....all understood and sounding positive at the moment.
so why did you watch it and waste your life if your not even invested here ???? you pleb ! go and find something constructive to do instead of keep trying to **** off this company along with your other buddies on here? like i've said before if you dont like argo leave !!!!
For those interested I watched the Imc and q&a and it was 22 mins of my life I won’t get back.
No strategy to get out of this, lots of stupid questions asked such as how Argo are going to get back to growth etc
Not financial advice but it seems logical to me to re-allocate funds from Argo to a miner (or group of miners) with better prospects. That way you get to keep exposure to the sector, while avoiding those multiple Argo specific banana skins.
I’m 60k down here and wondering if it’s time to jump ship and hope for a pump on Mara. It’s useful knowing what the feel is, so appreciate your candour. I will make my mind up by end of August.
I thought you had left for good?
You've been leaving here more times than a Status Quo farewell tour...
I wouldn't bank on that John Mara down again today I went back into cleanspark with 6 grand yesterday and I wish I hadn't
Very hard for me to do but just sold out at a massive 20k loss put the remaining 3280 pound on mara should get all my money back with mara hopefully cant believe i was 94k up with argo last bullrun got too greedy that wont be happening again over 32k in mara now good luck guys
Assume you meant August? Otherwise agree.