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What's with all the £24870 buys ?
Anyway who cares, SP go up
Don’t worry about me Atrophy, I’m already in profit....BTC is killing it. I’d suggest you start to invest and HODL.
K3 lives in a different universe to the rest of us mere mortals…..
Amanensia stating a clear fact that insti’s buy rubbish shares and it descends to this because it could be perceived as a slight against arb, reminds me a few days ago with long investor and the directors share purchase of 5.6 million shares and k3 said ‘nobody cares’
Guys on a different planet.
Atrophy12, how often do you dilute. There can’t be much left of you by now.
Agreed Amanensia - not sure what the confusion is.
And yes, large institutions hold rubbish shares everyday. Every major listed company has at least some large institutions invested in them and some of them will turn out to be rubbish. Of course I don't know which ones but the point is neither do they.
If someone believes that institutions investing in a stock is a great indicator of success then they must believe every stock is a golden ticket.
Also it is not exactly a secret where big fund managers are putting their money. They disclose it.
So totally agree that there are plenty of good reasons to invest in ARB, we don't have to make up bad ones.
Oh I love a nice boiled egg, or a nice hot cuppa made with boiling water. Argo is definitely going to be heating up and boiling hot very soon! We’ll all be dunking our soldiers in PW's runny yolk then. Onwards and upwards comrades.
Amanesia
“ It all boils down to "just because a big institution owns a share, it doesn't mean it's a sure thing."”
Yes, I agree with that. Maybe boiling is best.
Watched Blonity latest video again today and his highest holding is Argo...
Argo have one of the lowest hash rates of all the big miners, they need to have installed some rigs and no more stories about missing orders etc..
There are plenty of good choices out there and PW dropped the ball with rigs this year...
Worth the watch if anyone missed it;
https://youtu.be/sGBUMzCmjCA
What is so hard to understand?
It all boils down to "just because a big institution owns a share, it doesn't mean it's a sure thing."
If you disagree with that, there's very little point continuing discussions!
Amanesia
“ Unfortunately you just want to misinterpret whatever I say. ”
All I have to go on is the words you use. If you mean to say something else, then maybe use different words or rearrange the old ones.
Unfortunately you just want to misinterpret whatever I say. I'm not sure why; you seem to be fairly sensible, we've had constructive conversations in the past, and I've consistently over the last year been extremely positive on ARB. But whatever.
Chaeb0ll0cks has got Amanensia!!
Amanesia
“ Large institutions hold rubbish shares every day. Of course they do. So do all major investors. It's unavoidable. When Lehman, BCCI, Worldcom, Enron etc etc etc went bust, a huge proportion of their stock was held by large financial insitutions. That's just the way it is. Those stocks were, objectively, at that point in time, rubbish. That's not arrogance from me, that's just a statement of fact. It doen't mean that those institutions were bad at their job, but equally it clearly shows that idiotic arguments like "Blackrock own shares in this so it must be brilliant" are nothing more than utter nonsense.”
My mistake. I thought your post was arrogance, but it turns out to be arrogance x stupidity. You think they invested in Enron because they knew they were fraudulent or going bust? Doh! Of course they didn’t. I repeat institutions do not invest in rubbish. Obviously, things can go wrong and there can be frauds.
“Melanion are introducing a Bitcoin-exposure ETC because there is a demand for the product. Of course. If a large client base wants an ETF that tracks Bitcoin, or pork bellies, or the price of Ronaldo's next transfer fee, institutions will design such a product. That doesn't mean that they believe that cryptocurrency, pigs' intestines or Cristiano are the best thing since sliced bread. There's a demand, so they supply. Simples. Obviously they'd like that fund to do well, to attract in more investors and boost their cut, but that's not the reason they set up the fund. That'd be the tail wagging the dog. There's a demand, so they've set one up.”
So, you say that without demand, these products would not have been created? Efffing Einstein, I think you’re correct.
“Fundamentally there are all kinds of reasons to be VERY bullish on ARB. Mining efficiency; expansion plans; transparent management etc etc. And not least a current relative undervaluation compared to peers. But let's stick to these excellent reasons. When someone posts "XYZ are investing so it MUST be great", that's complete and utter schite.”
There is a btc mining etf. ARB is the biggest constituent. You think that is utter schite? Idiot.
K3VMC,
Large institutions hold rubbish shares every day. Of course they do. So do all major investors. It's unavoidable. When Lehman, BCCI, Worldcom, Enron etc etc etc went bust, a huge proportion of their stock was held by large financial insitutions. That's just the way it is. Those stocks were, objectively, at that point in time, rubbish. That's not arrogance from me, that's just a statement of fact. It doen't mean that those institutions were bad at their job, but equally it clearly shows that idiotic arguments like "Blackrock own shares in this so it must be brilliant" are nothing more than utter nonsense.
Melanion are introducing a Bitcoin-exposure ETC because there is a demand for the product. Of course. If a large client base wants an ETF that tracks Bitcoin, or pork bellies, or the price of Ronaldo's next transfer fee, institutions will design such a product. That doesn't mean that they believe that cryptocurrency, pigs' intestines or Cristiano are the best thing since sliced bread. There's a demand, so they supply. Simples. Obviously they'd like that fund to do well, to attract in more investors and boost their cut, but that's not the reason they set up the fund. That'd be the tail wagging the dog. There's a demand, so they've set one up.
Fundamentally there are all kinds of reasons to be VERY bullish on ARB. Mining efficiency; expansion plans; transparent management etc etc. And not least a current relative undervaluation compared to peers. But let's stick to these excellent reasons. When someone posts "XYZ are investing so it MUST be great", that's complete and utter schite.
That’s ‘sleeping better’ Roger!
Roger,
An interesting opinion of PWs management skills - and I would agree, if you have no faith in those skill you are better cashing up, stepping better and investing elsewhere.
I am happy with him at the helm of this favourably differentiated (defi/green) high margin money generating machine!
Roger65
“ PW not looking so clever now. We're in the next quarter and, oh, we're well down. Go to the back of the class Peter...”
PW is CEO of the most efficient btc miner on the planet, bar none.
Far from being at the back of the class, he is the number one choice of Michael Saylor, as a proponent of BTC mining in general, and green btc mining in particular.
I’m not happy that the IPO was cheap. If I knew for a fact that it could have been executed at a higher price, with a better outcome, I would be really hacked off, but I don’t, so I’m assuming that was the optimal deal, all things considered.
Reductive nonsense...I’ve heard to all now. If retail investors didn't invest they wouldn’t be get any fee; the more successful the fund the greater the number of investors - and higher income for the institution(s). More subtle FUD from someone who suspiciously looks like they have multiple accounts!
Amanesia
“ Large institutions hold rubbish shares every day.”
Nonsense. Who are you to a) know what any institution holds and b) decide that those stocks, which you don’t even know, are rubbish? Rank arrogance on your part.
“And Melanion holding ARB as part of an index tracking ETF is in no way an active decision to invest in ARB per se.”
Nonsense. Of course it is an active decision to hold ARB. Do you think they have a random stock selection machine? Why isn’t Tesco in there?
“Index trackers track an index.”
At least you got that right. Phew! Why do you think this ETF is an index tracker? What index are they tracking anyway? AFAIK, they just picked the stocks they like, decide what proportion of the fund to invest, and Joe Public buys the ETF, which then buys the ETF chosen stocks, pro rata.
“A company running a FTSE-100 ETF doesn't choose not to invest in, say, Vodafone because they don't like the company. They buy the index constituents. That's all there is to it.”
Well done. A FTSE100 tracker tracks the FTSE100. A FTSE250 tracker tracks the FTSE250.
“Frankly whether the index goes up or down is neither here nor there to Melanion.”
Nonsense. Their relative weighting is mutable. Clearly, patently, Melanion runs this ETF to make money. You must understand that, if nothing else. If they constituent companies start to underperform, their weighting will change. Did you think they randomly picked stocks and randomly gave them weightings, and that those weighting’s will never change?
“They offer the ETF and take the management fees either way.”
See above. All funds depend on the success of the funds for their remuneration.
As for you purporting to be a holder, I’m not convinced, but I don’t care either way, but it hasn’t stopped you spouting utter tosh.
No offence meant.
Amanensia - Melanion have Argo as their biggest weighting. Whilst they may not choose to invest in Argo, they have decided to put the most wieght behind Argo, above the likes of MARA and RIOT and if the fund does well then more people will invest and therefore more income will be gained
Everup, I'm long and very positive about ARB, but with all due respect your post is no argument at all.
Large institutions hold rubbish shares every day. And Melanion holding ARB as part of an index tracking ETF is in no way an active decision to invest in ARB per se. Index trackers track an index. A company running a FTSE-100 ETF doesn't choose not to invest in, say, Vodafone because they don't like the company. They buy the index constituents. That's all there is to it. Frankly whether the index goes up or down is neither here nor there to Melanion. They offer the ETF and take the management fees either way.
https://uk.sports.yahoo.com/news/argo-blockchain-texas-mining-facility-164235509.html
Large institutions, such as Melanion & VanEck - to name but a few, would not be buying in and holding considerable positions in Argo just for ****s and giggles. Ignore the noise from the FUDtards with their multiple accounts and constant negativity.
An alternative view: scale is everything in mining. There are only really three ways to pay for that: dilute, borrow, or sell the HODL. Whichever you choose PIs will ***** and whine. But the measure of success won't be what the SP is today. It'll be what the SP is in the long run, once we're mining far more than chump change. If we didn't have the Texas project then we'd just get proportionately smaller and smaller compared to the competition; the SP today might be a bit higher but the prospects would be bleak.
Has everything been handled perfectly? No. But over a reasonable time horizon I have no particular concerns about being in ARB.
Roger65, PW has achieved a little more than you!
You should be a baby wipe