The latest Investing Matters Podcast episode featuring Jeremy Skillington, CEO of Poolbeg Pharma has just been released. Listen here.
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newtothisgame2 - Because they wanted to acquire land and a new mining facility in Texas. It was pretty obvious they would raise some/all of the cash via a Placing.
https://argoblockchain.com/wp-content/uploads/2021/02/5-March-2021-General-Meeting-Circular.pdf
Look at my comment on Friday. Jus as predicted.
It instills confidence, in my opinion, that the Texas deal will indeed come to fruition. It’s definitely a positive RNS.
I don’t mean to be rude but bugger off.
Can't understand the drop, brilliant news.. Those who sold out today will regret it for sure...
Gla...
This reminds me of one of those TV news items where they say something like "Someone farted on the production line and the share price responded by dropping 0.23%." When the wider market was down 4% and neither movement were related in any way to the fart. Lol.
sorry was looking at the US price, we're down more than that, but still less than our peers, which means it has be received positively.
Market has responded well. Mara and Riot down about 15%, Argo down 5%.
I don't like watching the price go down, but it's broader selling off, not this announcement.
Mik what has happened to you? You've been here a long time, been through much worse than this? Have you sold out?
"Placing coming, it's obvious."
Errrr. Yeah. Because it's just been voted on. Are you proud of yourself for working that one out, what with it all being announced in a major RNS already?
It's been said once, it'll be said again. PLACINGS HAPPEN. If they are to keep the lights on and pay expenses, it's a real problem. If they are to raise funds for major, massive, value-additive expansions, it's a real benefit - and EXACTLY why companies float in the first place.
Don't like it? Sell. Bye. Don't let the door ... etc.
MIKODX. Are you actually trying to be serious? The payment in shares and a credit facility have already been arranged. Go try to deramp something else.
Great news unless you wanted to sell next week..I’m here for the long term so will enjoy the ride. No moaning here.
Ah a Physics question.
Massive: A collection of matter, having mass. Acted upon by the gravitational fundamental force. Will convert to energy by the conversion E=mc2 ;)
Placing coming, it's obvious.
In the end you dont get to be Amazon by sticking to 1 warehouse, however well run it is, build for the future.
also please define 'massive'
I am going for a walk
Tiger16
“ Here we go again ... a massive dilution will now enter our shares ...”
Suck it up.
SolBri on stocktwits is a bull but clearly in over his head investment wise - his constant hysterics at the price dropping are actually very off putting - surely the complete opposite of what hes trying to do by posting..
Yes please sell. it is so tiresome reading the same stuff time after time.
There are plenty of alternative companies not investing for a LT future who will be happy to take your money
I dare not even look at Stocktwits. is SolBri kicking off yet?
If You standstill in this industry more than most others you die, Fantastic opportunities ahead and will add much more upside than a brief hit to the SP - Think how Wachmans can sell this to the Us investors when we hit the Nasdaq !! Always look forwards.
Invest 10k to turn it 250k yes please
Some people just don't deserve to be allowed to invest.
Yes. A 4% dilution followed by what percentage increase in revenue?? That's right more than 4%.
It will sort the LTHs from the dross and allow us move forwards to greater places.... get it or get out.
Again. Get a grip