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Yeh anything negative or is wrong the rampers disregard it.
PW and insiders buying 5.6 million shares would create great sentiment and is certainly more important than ‘who cares’ lol
Anyone with serious skin in the game should ‘care’
Indeed Chaebol. "Nobody cares."
Thats a pretty dumb naive statement from K3...
Large Director buys are always transformational to the share price.
LongInvestor
“ I do, it makes a big difference if shares are purchased by Directors! - If you don't understand the reasoning behind that, you have a lot still to learn!”
Everything is relative. On a day when btc shot up to $60361 and we have news of the first btc futures ETF being approved (as in it won’t be opposed by the SEC) no-one cares about the pimples on a gnats bottom. The directors either have, or have not, bought more shares. That will be spelled out when disclosure is appropriate. If your buy, sell, hold decision is predicated on knowing that ahead of publication, then you clearly have more to learn than I do.
$60.6k
I apologise. I posted too soon.
Please. Keep agonising over the small print. I’m going to have a teensie, weensie celebration!!
??????????
K3,
There is/was a common misconception that Argo Directors purchased shares/ADRs during the IPO, the prospectus is very misleading and as a result I beleive has mislead investors.
That to me is a big deal. Those same directors had inside information, not only that it was a 30% discount but what funding will be necessary to kit out Texas with miners. I am now pretty certain they didn't buy any, no RNS, nothing in the prospectus, they *have* to disclose purchase as soon as reasonable practicle. Why didn't they buy? Perhaps they know what's coming down the road? - Directors buying or not is a good insight into a company!
So, its great that BTC has gone up, along with all my other holdings in miners, that nor any other news doesn't distract me from finding out the facts about this, I'm happy to multi-task.... Good luck with your investments and your continued education on the stock markets!
@kev
"Please. Keep agonising over the small print. I’m going to have a teensie, weensie celebration!!"
I just don't get the celebration, btc storming ahead the likes of hut up 16% after already moving with btc and then there's us a pile of steaming poo which no one wants to touch... Just buying the assets would of given over 50% increase instead of our awful awful performance.
Not a celebration at all
Longinvestor, I'm with you on this. The euphoria over a 120p close, 115p bid, week's finish is laughable with bitcoin at $61380. Anything which could mitigate the dilution and VERY large number of shares in circulation would be helpful. Directors' purchases have and always will be a major signal to investors. The award of options also likely to be negative as soon as or if a share offers a nice quick profit above the option price. Hey presto, big sells again. Right now ARB is a cur up against thoroughbred other miners on Nasdaq, FOR SOME UNFATHOMABLE REASON. As for patience, how's three plus years look? Still a nightmare share to be in and for no good reason outside of huge insider MM dealing and manipulating. As Gensler pointed out months ago. Cheap shares sold on to others, outside of proper retail trading.
Folks the institutions or holding this down. Have you seen how much Argo has been accumulated just in 30 days. its like a wolf pack. As soon as the alpha eats his fill others are allowed to join in. Im ****sed but understand whats happening.
Institutions have already had the chance to buy 75,000000 shares at 110 .
Plus 3 weeks of trading days were most days its hit the IPO price.
Do you really think they are holding this down
Instead of BBQ's. PW should concentrate on PR. With this moment, we cant attract US investors
they're not allowed to do overt PR this week due to the IPO quiet period
I highly doubt the Directors bought shares btw, the word is “awarded”.
Leaden, That’s the term I see…..
Millions of free share in options goes against the ethos of pw and Argo team and most ceos funding millions in shares from the pocket, not when they can award free ones from that low price of 157.
If they had bought shares it would have been disclosed not disguised as a riddle in the back end of a prospectus.