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Please excuse my typos in my previous posts, I was out on my phone and fat fingers do not help.
We have enough to put up with on here with all the nonsensical de-rampers, but I know one thing they won’t alter my opinion of the lovely Argo.
As like others, I am in the red and well underwater. However, I do not put my hard earned money on the line at a whim. My conviction for Argo remains extremely strong.At first I felt very nervous with the daily volatility, although I now choose to ignore it, focus forward and envisage Argo, along with the SP, further down the road in a more stable and established place.
We have to remind ourselves that Argo is a relatively new growth company, which is still evolving and growing. We have a fantastic team behind it, with light on his toes PW at the helm, all the recent fantastic RNS and who knows what great developments next! Excuse the cliched maxim, but Rome was not built in a day. Argo have stated clearly diversification is part or their long-term smart growth strategy and have strategically prepared for a variety of scenarios. Remember, Argo is a DeFi company and much more than just about BTC.
Let’s give this a really good chance, keep united and remain positive about our investment and Argo.
Very best wishes.
Good points to both of you. I think I am too focused on bitcoin because that's what affects the share price the most. Seeing lots of people move money from bitcoin to alt coins and the worries about energy usage have convinced me this bull run might be coming to a premature end. ARB being green isn't going to help if people are moving away from bitcoin in general.
Xenor,
“I'm going to stop being negative on this board from this point forward - and feel free to call me out on it if I go back on my word. I agree my negativity isn't helping sentiment.”
Your words. Just saying.
Need we say more Mittenator. Continued subtle de-ramping!
To reiterate, Argo is more than just a BTC mining company. Who knows how it will evolve, but it will survive, thrive and be great, that’s is why I invested. Veni, vidi, vici!
Hi just the facts.
I enjoyed your post and agree that in almost any other share fundamentals analysis should form a decent part of the basis of any investment decision.
However ARB will always be underpinned by whatever is happening the particular market value is of crypto at the time so fundamentals don’t hold as much weight. Like commodities the value of the company is always going to be reliant on the crypto valuation at any given time.
Sorry that second part doesn’t make much sense reading back but I’m sure you get the gist :)
That could be said of any business. However, Argo have, and are, purchasing hard assets, along with investments in other platforms. The word diversification is key here and you can not possibly know how this will pan out. As I said, thus is more than just about mining per se.
NB Cryptocurrency is here to stay - mainstream in due course.
Aye but those assets are not investment assets. They’re supporting the core function of mining crypto, so I don’t see them as a proper diversification as they are still within the crypto sphere.
I guess the main point I was making is that if bitcoin ends up a binary play and we are 0 instead of 1 it won’t matter how good the prior financial statements are/were.
You still are missing the point that Argo are not all about BTC. Have you watched/listen to any of Peter’s interviews regarding mining and diversification, probably not as I don’t think you’re an investor of Argo!
Like I said Crypto is not going anywhere and will go mainstream - doubting Thomas will miss out.
Well said everup
I don’t know why they bother, it’s not like I’m not going to wake up Monday morning and think I need to sell my Argo shares, all based on the nonsense de-rampers state. Utterly futile exercise by them!
‘You still are missing the point that Argo are not all about BTC’
Everup - you’re being over sensitive here. I’ve used ‘crypto’ at every turn rather than BTC. I’m not deramping just engaging JTF on his very good post.
Ive listened to and read all of the output from PW and have never intimated than crypto isn’t going anyway. So not too sure what you’re acting all hurt about?
Hi Wolf, what a wonderful share this is. I bought this and trader a few times made some good profit, however, the more I researched ARB the more I realised I need to have this as a long term hold. I also just bought QBT, give it a look.
Hi poor yep I’ve traded it three times so far. On the big dip I’ve managed to get my entry point back down to 165p.
Definitely agree with holding long term though, my two platforms doing let you buy though.
I’m in the process of setting up with HL at the minute.
Oh Poor - also I’m waiting for an entry into CBX which PW is involved in. Last time I checked in it was due to start trading in autumn so I’ll probably go in mid to late summer.
Wolf, I will give that a look. And I’ll let you know what I think after some research.
7p looks like the bottom for CBX
I’m no chartist but it’s looking bearish to me and there’s a lot of headwinds about at the moment.
No, irrelevant!
Hi WolfofWarks
'However ARB will always be underpinned by whatever is happening the particular market value is of crypto at the time so fundamentals don’t hold as much weight. Like commodities the value of the company is always going to be reliant on the crypto valuation at any given time.'
I find valuing ARB is far simpler than most other stocks because the BoD provide so much regular updates on performance, so i fashioned a really handy spreadsheet that i can input all relevant information in and it spits me out a share price, I use the same for projections based on future potential BTC values, HODL and PE ratio. I also believe that BTC is greater than any other commodity available and that its appreciating value short term and long term will far outstrip anything outside of crypto.
the 'weight' this holds for ARB will be in value of HODL, for example, mining work carried out in November 2020 resulted in 115 BTC at an average value at that time of $17,500 and created a monthly profit of £850,000. jump forward to today and that work from November has produced an additional $3.7m profit potential based on BTC at $50k.
As time progresses, each months profits potentially compound into more, if like me, you believe that BTC/crypto will remain as an appreciating asset over time then this journey only gets better.
Plus we will have all of what Texas 200Mw has to offer and whatever route PW has in store for that, but regardless i feel it will be substantially profitable and diversified.
Post of the day for me so far Just_the_facts
ATB
RC
Morning RC and thanks.
I think there are a lot of relative new and genuine investors who are understandably nervous given recent declines but don't yet seem to recognise the true long term potential here when you look over the general comments.
Once you get your head around it, it's like a moment of clarity :).............Was for me anyway.
Have a great day mate.
ATB
'Moment of clarity' - completely agree Just_the_facts. And as Raoul Pal says once we get to that point 'everything else is irrelevant'.
Part of me wants to fast forward 12 months to see if what we are predicting does indeed play out but I know we should enjoy it as well. I have a feeling we will look back on these times in a decade and think "god there were some crazy ups and downs but what an amazing time it was".
Good sunday
RC