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Have you ever heard the saying
Try, try and try again?
We all know what happened before as i got (am) stuck at over 80p
He could have got it right this time and i for one hope he has.
Much Love and Thanks - Alans55
There is no certainty in Life apart from Death! (Tax used to be non-negotiable before)
To the ARB Family (of which I am) enough of the Negativity! The sky is big enough for all of us to co-exist, no need for deramping, it is not good.
Share buying these days even with Bluechips is a Punt, ask IAG shares!
It is after you have bagged (or multi bagged) you claim expertise with hindsight
Good Luck All!!!
si_farr - I think there is a step back needed (from all of us)
Every PI invests their own money and they are responsible for that so I often get annoyed when 'others' are blamed as people bought in high and got spiked etc... You should never buy anything you do not believe in in this world and even if you do it can (and a lot of times) goes wrong as we are not running things we are buying in to strategies / risk / expertise and so people have to make their own judgement. Tesco / Lloyds etc.. are all more proven / safer investments in a lot of ways but wont give the returns - the adrenaline comes from identifying early stage companies and having winners and growing your portfolio - not 5% per annum in a tracker.
Your post just came across as totally negative to the board.
I only post on boards I am invested in and dont invest in any shares I havent read up on and believe will give me a return.
I have not posted on Argo for a while as I dont have any left there and think it is only fair to let the investors discuss the company.
These boards are useful as reference points and that is all but please be constructive not emotive and if you arent invested I dont think it helps trying to come across as the guardian of people who may invest without research - they should not really be investing in the first place.
Everything we do is a gamble.
Try not to end up like some of the very negative people that infest the boards with their ( i know more than yow ) nonsense.
You have to wonder what is wrong in their lives some of the time with their constant dislike for some people and some shares as you can see already with one or two on here.
It is amazing how positive some of the negative posters are on shares they are in or like. ( Ramping )
Good to be positive and i don't think this board is over ramped as such.
Hang on si, i'll answer it for you regards ARB.
Speculation, hype, greed.
Good luck.
Can you also explain your justification for a circa 1 billion mcap?
Be fully aware, it is very unrealistic, plenty of downside at any given time.
si_farr - I never intended to attack your post as I have always believed, each person to his/her own choices when buying shares.
But you took it too far by saying "The men behind it have a seriously dodgy track record...." I assume you are of the ARB Stock of which I also hold a significant portion. Can you enlighten us about the involvement of Frank Timis (a twice-convicted heroin dealer) in ARGO?
This type of share is clearly not for some of you, you have no forsight, you want it all now, and if your friends did that si, they have a lot to learn.
Is companys valued at 10x this which make guess what? 0 / ZERO.
Not far off.
At current price and difficulty will be mining about $237k per year.
Hmmmmmm woooopeeee.
At least they didn’t take on any debt or any of the vast lease/financing options available?
No confidence?
??
Apologies, not intending to be. When I say 'uneducated' I put that to friends recently caught up in the Twitter ramping who have seen 'bitcoin', 'to the moon', '£2 by the end of the week' chucked their money at it and got caught out massively.
The concept and technology of BTC mining is huge and you have the main investor in VLRM Lenigas on Twitter comparing it to Argo already so people will be jumping on it without doing any research. Obviously that is their problem but emotions and promise of big gains can take hold sometimes and not everyone can deal with that.
If you have done your research and truly believe in this company then fair play. The men behind it have a seriously dodgy track record, 2 million shares got dumped recently by the big investors on the last pump and I don't want anyone to get caught up in the ramping frenzy and be massively in the red.
si-farr
Come in with such an aggressive nature. You have only been on two days and are talking like that?
How to make friends and influence people lol
Uneducated for being in here? what a statement.
You really should think before you write.
The owner confirmed that there won’t be any dilution
ERFC - this has been covered off.
It has been confirmed there are no immediate plans for a placing in an interview on Sunday (Zak Mir Sunday Roast) by CEO himself.
Also - you would never place until you thought you either (1) needed to - they dont and (2) SP was at is best place to do so as the BoD would be liquidating their own shareholding.
I have said before - I think that if they want to grow quickly then there may be a placing but not for some time as they will want to benefit from the re-rate in OTC first.
Never say never, but that's how I see it.
All big things have small beginnings.
I do fear dilution tho
As i mentioned on ARB board.... Both companies undervalued and should surge from current position. VLRM has to start somewhere and think its fantastic news that they have started to mine as soon as 30 days. 20 million mcap will look very small when they build upon the mining and BTC price increases.... Then there is NFT tech and OTC floating
San
I am in Argo still too, nobody is ramping it up to be as big as Argo and the minuscule MCAP is reflective of that. 3btc per year is nothing but shows there intention to expand these ops and generate revenue. GLA
The markets price in the potential, and there is a lot of potential here!!! And isn't already been mentioned 64m shares only!!!
Will we see ATH today??? - Here is to hoping :)
Well said raharh.
Here they come.
This is the start, this company has totally changed its focus and is delivering on everything it has committed. It is the fact that the infrastructure is in place and can be built on. This is a start up - not a mature company. If you want to invest in a mature miner there is RIOT or ARB but they have had their journey will increase but wont 5x / 10x bag.
ARB is quality - I was in there - but they went from being small mining pool to one which listed on OTC / diversified into Pluto and increase hashrate over time - sound familiar.
Have I mentioned only 64m shares and Vinay Gupta on board - think I have ...
Everyone make your own call - but I am in.
1600 terrahash is enough mining power to generate THREE bitcoins A YEAR!
Laughable, please do your research before buying in and getting caught up in the ramping!
Owners are hoping for another pump off the back of this news, just adding in mining and other buzzwords to get the uneducated buying in!
Please stop any comparison with Argo, they mine 6+ bitcoins a DAY.
VLRM want to mine 3 bitcoins a YEAR! Ha.