Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
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Quote possibly so AB, yes. As I say if I were in crypto stocks right now it'd be Riot and Argo. Part of that is only being in Argo previously and missing out on some rises, so a little diversification can't hurt.
I also don't like Mara one little bit, but they've performed amazingly on occasion (the share price I mean) we have to admit! I just have the feeling about them that it'll all end in tears one day...
@Argobull
"Ama, it is not a statement of fact at all. Are you actually saying that riot has 5x the hash and expansion plans?"
I think Riot are targeting (have plans) for 13 eh by end of 2022... With 600 million of funding recently completed.
Argo is 3.7eh I believe but with an unknown funding plan?
Please correct if wrong.
I'm not anti riot either ( I am anti mara though). Riot had a recent fundraiser that suppressed the price, so they'll likely go up.
My point is that Argo is more undervalued than riot and has similar expansion plans. Yes riot is ahead time wise, but not 5x so.
Also Argo is doing interesting other things that have not been taken into account by the market.
I think the difference in valuations is more down to the first part of the bull run giving them a funding advantage, and that more people know about riot and Mara's than the newer players on NASDAQ. I think you'll get more bang for your buck on Argo percentage wise.
Argo also have several defi investments, the largest being Pluto, which could add a significant rise to the Mcap.
Argo Labs is also very interesting and unique to Argo vs the others miners which could generate substantial revenue.
in October, Argo mined 167 Bitcoin (including Zcash converted to BTC etc.) Riot mined 464.
Argo and Riot both have 200MW Texas expansions on the cards using immersion technology. Both will be awesome, but Riot's is closer to opening and they have confirmed machine orders.
Riot also have a track record of delivering on their expansions, on the quoted timescales. Argo, not necessarily through any fault of their own, have slipped a few times in terms of timescales. That's not to say Argo might not deliver ahead of target and Riot fall behind in future - but right now, the US investor base trusts Riot to deliver more than it trusts Argo to deliver.
So, if Riot are mining three times what Argo are miing right now, and are expanding more quickly, the market caps don't seem wildly out of line to me.
Both Riot and Argo are in my view undervalued relative to the other miners, because much of their promise is in future hashrate, not current hashrate, and that's a bit riskier. If I was invested in crypto right now, Argo and Riot would be the two I was invested in. The ONLY reason I am not is because I am not an uber-bull regarding Bitcoin.
I may, of course, be entirely wrong. But what I am manifestly NOT is anti-Argo.
Who’s “Uber ramping” as you put it?
Is Uber ramping someone who is positive about their investment? Is that a bad thing? I ain’t seeing any zengahs here.
Ama, it is not a statement of fact at all. Are you actually saying that riot has 5x the hash and expansion plans?
Why would I pry myself away?
I've been involved here rather longer than you have. I'm out at the moment, but that's nothing to do with Argo itself, it's because I am slightly leery about Bitcoin at the moment.
I'm a long-time poster who has been almost entirely supportive of Argo. I guess you don't like me because I post fairly down-to-earth, sensible things, rather than constant uber-ramping nonsense?
As my kids would say - whatevs!!
@Amanensia, find something else to do, you are starting to sound like the others who can’t quite pry themselves away from here.
Merely a statement of fact, correcting another post. Nothing judgemental, nothing either positive or negative about either Argo or any individual in any way.
In fact, a post with an entirely sensible and neutral purpose, LA, rather unlike yours!
Not at all Chuz, merely pointing out that much like yourself and a few others, he/she announces “I’m out, no longer invested blah blah…” but can’t seem to leave the board and feels the need to justify why they sold out by trying to convince everyone else how terrible they think things are. Sad!
Your starting early today chuz, have a day off, let someone else be th e village idiot for a change.
"@Amanesia, wtf is the point of that post on this board???….seriously? You’re not even invested here, I thought you were better than that but it looks like you’re just another one who was invested but then can’t leave and just trolls the board….shame."
I knew it wouldn't be long before the pitchfork crew went after a new target, suprised the target is Amanensia though as (s) he writes more sense than a lot on here combined.
So many crazies in one place.
@Amanesia, wtf is the point of that post on this board???….seriously? You’re not even invested here, I thought you were better than that but it looks like you’re just another one who was invested but then can’t leave and just trolls the board….shame.
The HODL is a very small proportion of the total value. 3500 Bitcoin are worth around $200m. The rest of the market cap is down to current hashrate and projected future hashrate. Riot are well ahead of Argo on both measures.
If you compare the amount of BTC we hold to RIOT who has 3500 BTC and a 4B market cap, Argo should be at least half that which gives us almost a 4x and that’s just at these levels, this is a hidden and suppressed gem that will have a run similar to what it did last year when we hit 38-42k on bitcoin, the difference this time is we’ve progressed massively and have better exposure due to the Nasdaq listing, we’re only months away from a big section of the Texas facility being built and have thousands of miners coming in, on top of that Jerome Powell has admitted that inflation is here to stay