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@Canetoad
"@Crikey Chuz - you sound depressed! Is it much better over at RIOT? They also look a bit sick atm."
Nah not depressed at all, all is well here I was just trying to outline that we will always get diluted when investing in miners, it's a never ending race.
Yea RIOT had a good kicking at all which is annoying but not unexpected with market conditions. Mara is looking more attractive to me each day though.
Once the funding situation here is known I'll get a much bigger position open.
@Crikey Chuz - you sound depressed! Is it much better over at RIOT? They also look a bit sick atm.
It's simple. Nobody is sure what BTC is doing, but technically it's looking like a bear market might/potentially/maybe starting. If it is, then ARB will fall - significantly, like all other miners. No miners are going to rally until BTC breaks returns to a bull market. Maybe Greed has reached its peak for this cycle? Then there's the dilution spectre on top of all that other uncertainty. All standard stuff for Crypto Land! Nothing new here. Maybe some great opportunities just around the corner.
Rr101 - I share your pain fwiw i need an 80% rise from these levels just to B/E. That said despite all the doom and gloom nonsense spouted on here, it's probably best if you switch off and let events unravel. I'm not a big believer of averaging down as you can get yourself in a bigger rut, just chill and see how it goes. My gut feeling is you'll make decent profits next year, ARB is if you like in a transitional period and the fundamentals havnt changed. I was invested in something else and averaged down continuously but ended up in a right mess. It took 5yrs plus just to make a bit of profit, but the sleepless nights wasn't worth it lol
From personal experience these BB's are all noise and if you let them influence your investment they will. It's all about how the company performs and how BTC does from here, no matter how much the doom and gloomers think they can influence this they carnt at the end of the day.
GL DYOR
@muscles
"Don’t worry PW has no shame when he’s got the begging bowl out especially with his discounts"
He does but he also has to. The only purpose of a shareholder to a company like Argo is to provide money for growth. The company would much prefer not to have the noise of shareholders but they need our money.
I do think this time round though there's going to be a big dilution but existing shareholders will be offered a discount to soften the blow. Everyone will still lose but PW will be able to say that he gave the opportunity to buy at a discount to the Co panties loyal shareholders.
Thing is though... That's why its a listed company, that's why it went to nasdaq.. All to generate money to spend, it's what us cash pigs are here for. It doesn't matter if us current cash pugs get slaughtered as there will be new piggies coming in to the share to benifit from our demise, it's just the way it is.
It's also why with heavy capital intensive shares like this you must take profits otherwise you'll ride it up and get diluted back down. The company and market cap can grow nicely but that doesn't mean the share price will grow along with it.
You all need to realise 80 percent of all buys/sells in North America are institutional buys.
That’s why we have increased the insti holdings. I believe the fundamentals have changed as before April this mooned when btc went up and acted correctly as a btc miner ever since timis sold this stock has changed, the delays on eh the loan bs a lot of the deals that looked like shiny new cars hasn’t transpired that way, btc going 41k to 69k and It has remained lower than it’s day of ipo price.170 p.
The Nasdaq should have provided organic growth but the adr’s have been a mess the very low volume and sentiment in America has added to its woes.
It needs to deliver over the next 12 months to get it back on track.
Fundamentals haven’t changed here as has been outlined in the previous posts by others that have been in this a good while. What’s happening with the SP now really doesn’t matter, in fact all the miners are well down off ATHs right now. For me, I will keep buying at these prices when I can as it’s basically right on my average now so is a no brainer. For those with high averages there are options, you either sit and wait or average down, but for goodness sakes don’t sell at a loss, you’ll kick yourself later (imo), Good luck to the genuine ones.
spot on :), Aye its frustrating at these levels hold and patience will definitely pay off. this has made a few PI's very rich and PW and pals, its going places will just take time. Good cash gone for now, hold chill and maybe buy more on the dips.
"Might be forgetting the impact Texas will have over the next 6+ months."
Still needs to be paid for...
RR - firstly no one knows what the price will do -so it could go down still, all the way to 0.
But that seems an unlikely outcome.
We are a high growth business, that is somehow making a profit while expanding, with low debt and massive explosive potential.
Ask yourself, how long will it be until our net asset value surpasses our current market cap? We have hodl, we have Canadian data centres, we have machines, we have 25% stake in Pluto, we have Texas which is progressing at a rate of knots. How much are these things worth?
On top of that we're making good profits, and end of q1 Texas should come online and we'll more than double our output, with an in place route to double output again and again up to 800 mW, and at lower electricity costs plus immersion - this is a beast. Plus whatever they are doing with web 3.0.
How the share price is stuck at these levels is beyond me.
Just coming up to a year since I invested in Arb and has been the best investment I ever made. A year from now I expect to be saying exactly the same thing. Sure there are a large number of investors who feel exactly the same but can’t be bothered to comment on this board anymore for obvious reasons.
Caddor, would be interested to know where you got the 60% institutional figure from. I know they've been accumulating for a long time now so it wouldn't shock me, but I've not seen those figures elsewhere.
Might be forgetting the impact Texas will have over the next 6+ months.
Hey man alot of us feel your pain. Here is whats going to happen.
As you may have noticed a few hundred thousand to low millions of shares of Argo are accumulated each week by the institutions as reported by Mike on a weekly basis, “Fact”
Retail shareholders are dumping and institutions are buying from a point where retail previously held 90+ % and now they are down to 38% and correspondingly institutions currently own 60%. “Fact”.
Now, in regards to your investment there will need to be Three primary drivers to move the stock.
1. Institutional investors have accumulated there fill of Argo
2. Bitcoin will need to break 80k
3. Pluto or Argo announce big news.
Your going to read alot of guesses, crap, folks with agendas and boiler room folks working for hedgies while Argo is accumulated.
Right now Argo is on a puppet string and your going to need to wait and see, but I honestly think that bitcoin is going to blast through 120k next year, Pluto will announce something positive and Argo Labs are going to make the stock blast off. Just filter the folks who carry an agenda and just relax. Remember you only lose money when you sell at a loss.
Hi there,
I’ve done my best to analyse this as a proxy for BTC only and I may be wrong so this is NFA.
Firstly, ARB, RIOT, MARA all got hit this week. This is because traders know BTC has begun C of ABC correction wave - I am no longer in ARB but I follow BTC price regularly, hence this comment. Likely worst case (unless something external sends it lower, but so far that looks unlikely) this correction is due to end around Fri 10th at $43,200 approx. It could start climbing earlier and from a higher point but you’re concerned so I will be conservative.
If BTC descends to $43200 this is a <14% correction from the price that it was at 16.30 on Wed 8th Dec. That would put ARB at 90-95p as a low (matching the drop in %) .
However, I think ARB will rise from there if it even goes that low (ÂŁ1 is a psychological resistance level so it may hold). Then, as BTC is due to rise to $55000-56000 (which should be by the end of the year) before dipping and rising towards $60000 in 2022, and likely much higher, this puts ARB at (95p + 28+% to match % of BTC rise to $55500) ÂŁ1.25 by EOY and ÂŁ1.35 by early 2022, where ARB and BTC should then rise further still.
Please note, this is the furthest out I dare predict, and I could be wrong, and what Argo Blockchain does specifically will affect its SP, thus creating volatility either positive or negative on top of the typical volatility of BTC.
When I have bought at too high a price, I dollar cost average where I can but that requires more funds and confidence the SP will rise. Again that’s just me, so NFA etc. etc.
I need this share to rise 150% just to break even.
Not pulling my money out now but I’ve lost a bit of faith. When Bitcoin was rising this was still falling, amd we all know that when Bitcoin falls most miners fall too so it’s just been stuck in a rut.
Can anyone restore it for me please :)
It’s quite obvious investors have lost faith because there isn’t really any buying pressure and hasn’t been for a long time. What’s the catalyst needed to get this moving? ….. thanks :)