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Like many other UK companies that are not best served (correction, actively suppressed and manipulated) by the UK market, ARB need to get listed on NAS asap and ditch London. This Un fair City will only hold them back from realising their true value. We all know this should be way higher by measure against it's US counterparts but it will not get to the heights it deserves by remaining over here. No matter how many coins it mines and what value they may rise to, it will never reach its true value whilst remaining a UK listed entity. The most important and critical move for the share price and market cap is for Peter to get this on NAS, and not by way of a dual listing (because that still allows London to play its games) but a full listing and then delist from the UK. Many companies are now seeing the light and listing over there instead of over here. ARB absolutely must make that a top priority. If you care about the company and your investment in it, please join me in emailing investor relations on this matter.
Good shout Mickey ,
Ill e mail them this afternoon . Totally agree that London is holding this company down , I dont think they fully appreciate the value of Btc and the future of the company.
Johnby boy
Couldnt agree more.
The company is really performing well and yet an already massivly under-valued SP moved give or take 5p on this news - looks like BTC will have to get to $40k+ just to get to around £1.10. Last couple of weeks feels like a long haul
Couldnt agree more Micky, that definitely serves shareholders best interests. This morning is a case in point ... we should really now be above £1 because after reading that RNS who the f### is selling? Anyways rant over ... peace out man ... good post
I'm sure that once they're on the Nasdaq they'll look to delist from LSE.
All the staff (as far as I know) are in Canada and PW apologised for looking rough on one of the videos a few weeks ago, said he'd been working on UK time. I'm sure they'll be happy to trade that for a 9:30am start in NY :)
Shame for UK investors but you're all correct, we just don't seem very good at valuing tech companies!
OVER BY DEAD PHUCKING BODY. AS I HAVE MENTIONED SEVERAL TIMES ON HERE, LOTS OF UK INVESTORS CANNOT TRADE ON OVERSEAS STOCK EXCHANGES AND CANNOT MOVE TO DIFFERENT BROKERS DUE VERY TIME CONSUMING TRANSFER PROTOCOLS. IF ARB MOVED FROM THE LSE MANY INVESTORS WOULD BE FORCED TO CLOSE THEIR POSITIONS AND COMPLETELY MISS OUT ON THE UPSIDE IN THE STOCK. I WILL ALSO EMAIL PETER TO CONVEY THIS POINT AND SUGGEST ANYONE ELSE THAT AGREES ALSO DOES THE SAME.
Sorry everyone :(
What does that mean for U.K. shareholders if it moves to the U.S in terms of managing it?
I don't think we need to ditch London, but we do need to get on the NASDAQ as a priority - and I have no doubt the company has this as a priority.
On the London side, we should soon get rid of the MM's as I've said before and get on SETS. After we're on the NASDAQ we should increase market cap and then enter the FTSE 250, and life will be much easier.
IT MEANS YOU'D BE PHUCKED.
Phoebus
Shouting doesn’t make you right. Neither does mentioning things several times.
ARB already trades in the US. Moving the listing to the NASDAQ just means that US investors and, more importantly, institutions can buy ARB. Even more importantly, the P/E ratio will be considerably higher than we achieve in the U.K.
No-one is suggesting a delisting from the LSE.
I agree fully with a listing on the Nasdaq, but why delist from London?
Argo is over delivering, and although it is frustrating we aren't realising our full potential I don't think the nuclear option is the answer.
I want to be able to hold this in my ISA and SiPP in the way I am currently. I can't hold the smaller miners through H&L, 212 or IG.
I think we need to focus on a positive vibe and building a great community of holders, rather than feeling done over.
GLA.
Morning Phoebus ,
Mate if people over here cant trade on the Nasdaq then I would suggest they get themselves a proper trading platform . Please dont think Im being arrogant I just see people talking all the time about bad service and cant buy this share and that one , just because some platforms are free doesn't make them good ..... I direct you to Robin Hood and co .
Johnny boy
Agree with Glasir
Please everyone
I think we need to focus on a positive vibe and building a great community of holders, rather than feeling done over.
Those are not mutually exclusive positions. Its tough to feel good about being listed on LSE whilst at the same time feeling done over by the UK market.
It also wont help the company develop its true value . Take heed LSE, companies who perceive themselves to be undervalued (rightly or wrongly) will head elsewhere leaving the UK market all the weaker
My apologies Phoebus. When I posted that no-one was suggesting a delisting from the LSE, I didn’t look at the whole thread.
Of course, everyone is entitled to their own opinion, even if it makes no sense to the rest of us.
GLA
Unfortunately I think I'd have to agree.... not just for this company, but as a general theme. The UK seems to be intent on economic suicide currently.
Not individual businesses; to a great degree they're at the mercy of other decision makers and market manipulators, at least until they fold or relocate.... But then, it's rather Hobson's choice; where is actually any less worse?
Today it will be interesting to see what happens after that incredible RNS. I'd say 'see how the market responds', but we know the SP doesn't always reflect the true value, and we don't always see a genuine reflection of market response.
[I've spent the last few days very much wired to my PC, and a few friends with businesses are concerned, so there's a chance that this mornings views are jaded by the blue light, frustration and lack of sleep.... apologies]
Argo; The UK's leading cryptocurrency miner.
Stay strong Argonauts, many more multiples of value to be exposed yet.
CC
An article yesterday specifically discussed why tech companies don't IPO in London, its being left behind. Companies achieve much higher valuations elsewhere. Considering tech is the future its madness. I hope PW attends the conference in his ARGO merch!!!!
Not sure that is an option I'd support, for all of its shortcomings surely best to have a foot in each camp?
The USA dollar at the moment is not the strongest currency in the world in fact some may say the opposite. With their new administration and civil unrest not sure what it future will be going forward . Plus some of our American cousin "like" and have an affinity for UK stocks,.
Potentially some EFT's and UK growth funds would have to sell their holdings is solely listed on USA
For me (and I suspect others) keep it simple ~ and stay dual listed, as so many have said here, hold you nerve or more to point hold your shares the way to stop MM "games" surely is not to sell to them in the first place!!?
Still able to buy on H&L at just over 90p - amazed at this point that there are srtill sellers at that value
I am suggesting they delist from the corrupt self serving laggard that is London. Now wonder it is now the world's most unloved market. It is toxic to the true value of this fine company and many others. But...companies are waking up to this fact and quite a few have already made the move and derived great benefit from doing so.
I just think a lot of investors don’t get BTC at the minute. That and the fact ARB haven’t posted a profit yet will put a lot of people off. Once they see that the company is well run and the fundamentals are sound, we’ll see a lot more interest. It’s not going to happen off the back of a couple of RNS announcements.
We can all see that this is going to go up by a lot to reach true value, but I bet your average retail investor have never heard of the company.
I’ve got mates who invest in different crypto, but when I start talking to them about block chains and how they are mined they haven’t got a clue what I’m talking about. They had no idea that this kind of thing happened.
Give it time and it will rise, and we’ll all make a good profit.
Totally right.
Unbelievable there are people still selling. This is literally a one in a million stock.
We have some shockingly weak hands amongst us.
https://stockmarketmba.com/globalcompaniescrosslistonusexchanges.php
Scroll down to the bottom, these companies do alright out of dual listing!
Main market fully SETS traded removes your 'self serving lagards' To suggest a delist is frankly naive.
An utterly stupid idea, from someone who obviously lacks sense or patience. Look at the SP 2 months ago, we are in great shape, what’s the issue?