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Bully, if you go off last years mining, they mined about 2,500 coins. Say $40k profit per coin. That’s $100m profit at today’s prices. That’s without zcash and other income. £10 when on Nasdaq is not too far fetched. US market is massively overvalued compared to UK.
Bully you were using my calculations for the amount of coins mined a day & the profit on those coins mined. I didnt give any other figures And no I didn't pluck them out of the air as you suggested! I plucked them out of the Rns. This also doesn't include the 501 coins already held by argo.
Bully1985, I presume you are referring to Argo when you say "cash flow is £51million" ? If you are then your figures are completely wrong. I know that as I have done the sums and track the company performance every month when the operating results are released. Next week we will get another new monthly record for operating profit. Our balance sheet is fantastic.
17.5 p/e is less than many similar tech stocks listed on the Nasdaq. In some cases significantly. We’re also mining significantly more of something worth significantly more as the days and weeks and months slide by... it’s exponential!
@flowerpot - so using your fag packet calcs annual fee cash flow is £51million. Just need to discount for future cash. And people are saying £10 per share!!! (£3.6billion market cap). Where on earth do you get a valuation of £3.6billion from? Just plucked a number from thin air
I must admit I do salute all of you on here for your conviction in this company. Frankly you have as much conviction in ARB as I do in SGI; and I admit that you have one up on me as SGI has not budged despite my view it is an outstanding bargain; whilst ARB is clearly at / close to all time highs. Still, I do think a lot more of you would be aligned with me if SGI did start moving upwards as any increase on a share price of 3.15p is likely to be a large percentage rise. Still, I really do wish all of you good luck on this one.
Buying since 8.5p (including the dip today). I see scope for many multiples of today's price yet.
But really I wanted to say, Peals; please just buy some ARB. Even just one or two.. then you can really start to enjoy this. I think you genuinely like coming here now, and frustratingly, I'm starting to like your posts....
Cryptocurrencies and digital assets really are an actual thing these days. It is possible to like old collectibles and new ones at the same time.
I think most of us are awaiting the Nasdaq & then let the yanks pull us to the Riot Mara level of valuation, its not particularly scientific & neither does it have to be.
Once peer value is established id imagine smaller pots then being held just to hedge the Bitcoin (potential future gains) is the main reason to hold.
Simples (its worked since I saw the pink sheet RNS when I chose to pile in, & ive no doubt will work going forward so long as Bitcoin plays ball - & on that note anyone in ARB is positive on Bitcoin rise potential)
Growth or Value, Pearls? This is a growth stock. People buy for the potential. If you don't see further potential in Bitcon and its mining then read up on it/listen to Saylor, Kaiser etc or stick to the stamps.
If we don't understand the business and fundamentals we will have no conviction to hold. This week the market is falling, we're dealing with a correction and some people get scared / paper hands and sell. I don't think one investor who understand Argo Blockchain, where it is now and where it's going, can justify selling their shares at this level. So of course DD and DYOR leads to diamond hands and we can hold, despite the bad weather. Every dip is a buying opportunity with Argo :)
As long as Argo are trading behind competitors, then there is still plenty of scope to hold on to these shares for me. Other people will have different targets, just as some have left long ago. There isn’t going to be one day when everyone’s says, that’s it, I’m done here.
Emerik, interesting comments especially as you have bought at multiple different prices. Presumably the continually moving upwards price convinces you that £10 for example is attainable in due course. But do you not think in a way the amazing performance of this stock has in essence been like a drug to many on here, and you are all basically hooked? Does anyone even consider the basic fundamentals of the company anymore? I accept this is now a different company to the one reporting annual results back in June 2020, but those last results are not exactly inspiring and it is no wonder the shares then were at 4p, but surely the meteoric rise since then materially overvalues the company now at this stage in its development from those levels?
Amanensia, great comment. Although, as you'd expect me to say, the current price there, which has not moved in some time despite someone buying 3% of the equity earlier this week, would appear to be a great entry price. Still, do your own research.
I first bought at 28p , added more at 30p , 42p, 63p, 75p, 95p, 99p etc This week I added more at 230p. Never sold 1 share of ARB and not planning to do that anytime soon. This is going to 10£+ sometimes next year (or this year if BTC goes to 100k+), so every time I'm thinking about selling, I know that I am missing out 4x gains on every share I consider selling ... and I just can't do it. It's against my logic :)