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Sorry but need to disagree, there have been so many post on this board to say that if you look at our margin, revenue and PE ratio, we are seriously undervalued at the moment and we should be around £3.50 now. Compare us to MARA and RIOT to get a comparable reflection.
Investors are "frustrated" because we don't have fair value at the moment. Look at RC posts.
That certainly helped, but from 38p to under 19p was as a result of more than that. Some LTH sold and that was against an assessment of the mcap and how much more it go in the short term. Anyhoo, i imagine there is some of that here, but with ARB its slightly different as the actual valuation should move each time BTC rises as the actual value of their tangible good is increasing. GGP has no product on the market. Thats whats great about this company.... revenue generating and only increasing with more machines and value of BTC rising
San
Johnny is right.
There's probably a balance now while a few LTHs take some profits, and some others pick them up.
The SP is only going to rise when people start buying decent amounts. Just because BTC goes up, why should the MMs raise the price? As soon as buyers come in, we should expect to see a bit more action. Another good RNS should help wake things up.
It is a bit frustrating seeing this temporarily disconnect with BTC, but all the recent news underpins the quality of the business, so I'm very confident and happy to hold.
San, GGPs was more to do with the poor Scally drill results and GH leaving in such a short space of time - Double whammy
I think the main reason people are selling is the sizeable mcap of ARGO. We all know that in time this will double, but many will move their money into lower mcap companies where the potential in the short term is bigger. The same happened with GGP, where the MCAP inflated to a point where investors took money out to invest in smaller explorer companies. Chasing the rainbow and all that.
San
Agreed mctickle
Strange time to sell when Coin floats tomorrow and BTC close to ATH - still holding - our time will come again
portfolio yes you are probably right but I have been topping up the last 4 weeks to the tune of 100k which is big money to me so obviously wary but it has crossed my mind!
Flumpster , if you think the share price should be 250 - 260 and at the moment it is 224 the surely it is a good time to buy
Some lucky investors are sitting on loads of shares in the pence range they will naturally take profit at these levels once the churn has exhausted we should see more buying pressure build, been said a few times " patience " or buy.
For the past few weeks we had been moving about 5p per 1k bitcoin movement on a base of 200p = 50k bitcoin. So I too would have expected 250-255p at current price. We seemed to have fallen further below that base as of late last week. Probably down to people losing faith and selling for the next big thing.
yes mate I got in early January and had an average of 90p when we dropped in march I have been buying the dips average now 160 and am now in massively I don't like what is happening but I think patience is the key, the only thing I am worried about is btc dropping back as they will have no worries about dropping us 10-20% frustrating times for now....
Flumpster
I think your last point sums it up, patience
I get what your saying jonny but then why is it a week ago btc was around 55 and we were around this price or higher surely the rise in btc should have some effect on our sp . id say we should be around 250-260 now just hoping it is purely the effects of the big seller and things will correct themselves in the coming days/weeks
People are forgetting the massive rise recently from 10p. This over shot it’s true market price due to FOMO when it went over 300p and has now pulled back to near where it should be. Just look at it’s growth compared to other miners. We have still risen way above them. If you look at the price fluctuations of all the miners in the last month or so we have all averaged out about the same. We are not being held back any more than the other miners. There is just currently not enough interest in them to get the price moving again. I think it will happen again but to get back to 300p that a 33% rise so bitcoin will need to be in the $80k range which is certainly possible in the months to come.