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CLSK it depends on when bitcoin runs... if Argo needs to raise in the meantime and investors aren't willing to take on the risk of supporting Argo with the hosting agreement termination looming without a steep discount then you could be talking very steep dilution at 5p. If you then reach the interims with all the poor financial info out there does a BTC rally to $100k in Sept/Oct drive the Argo share price back up from 5p to say 30p and will investors actually support another raise to wipe out the debt?
With every week that passes the chance of this turning out well gets smaller and smaller.
They've been doing share placings every 6 months ish, so I certainly wouldn't be against them doing one within the next 2 months. If anything they should have done it sooner. Perhaps they wanted to wait for halving to justify it to battered holders the bleak financials that await. Only question that remains I guess is size of discount. This time they might as well do a hail mary and smash it down to raise as much as possible.
Seems a bit high HC.
I still think they eek it out until Galaxy kicks them out, and I still think Bitcoin runs before then.
But will there be enough demand to close out the debt via a raise? It would have to be a pretty heated run.
There's no story for investors to get behind. Even QBT has a better story and will likely out-perform.
With the difficulty adjustment downwards Argo might see revs for May at the dizzy heights of $4m.
Flatline isn't necessarily a bad thing, it can equally mean that investors are just waiting for that confirmation before diving in....perhaps a merger? Perhaps a heavyweight appointment? Perhaps even an acknowledgement from a global figurehead......only time will tell. Remember, its just gambling.
Argo sp has flatlined today, looks like some ominous news is on its way.
3.5 Million revenue for May already has a lot of questions.....Wonder how long this can go on, past its hosting deal with Galaxy.
I certainly waited too long and missed out on this 15%! Drat.
I notice Argo isn’t rallying with the rest of the miners now.
Mara flying again
Kpa. an average of 21 dollars in mara is not the greatest average but you will be ok just by holding from here up to 10 months. just forget about buying on spikes because that does serious damage to your average.
I bought mara at 27 unfortunately then doubled up plus a little extra at 18s so now averaging 21
Also i like a lower average and stick with that . you benefit from money making money, huge percentage gains from your very low price etc. also less panic because you are way ahead in the game. if you have 2 investers in mara both buying in 3 times for example. one buys his lot at 5d , 7d and 9d and then stops. he is okay. mara is 17 dollars / 18 dollars currently. the other guy buy mara at 7 dollars also so good but then he goes and buys on spikes on the way up like at 19 dollars and 28 dollars. not so good for him. but even worse if he panics when mara drops by 50 percent from wherever it moved. my opinion a low average is the trick in a few of the best miners. that should work anyway.
Duke. yep . i am still in kr1. i remember you tipped on here in 2023. i had a look at it, some research, bought in and on profits. a good tip bud . kr1 is like steady eddy compared to the volatility of the miners. but i like that as it keeps me sane. lol. i am in another stock like that doing buy backs and special dividends but it does help because they are not really volatile. but they can still make you good money if fundamentals are good. i will be keeping kr1 for up to 10 months as i see a really good rise at some point in the madness of a parabolic move. so all good bud.
Duke. i got carried away but other posters were getting fed up with his comments. no more posts from me on him but he does need to just enjoy the holiday and forget about all this as he is no longer in and said he sold up. as for argo you would of lost nearly it all if you just hung on in hope that it was going back to 3 quid. once the bear market starts it is all over. one guy on here said he had 4 times his salary at 3 quid but did not sell and even bought on the way down. he sold at about 17p on losses. the difference is massive in this in timing. but yep greed is the big danger. my motto is get out and stay out as the top is not reality at all. if clean spark went from 16 dollars to 300 dollars in the next 3 months. what would i be doing. i would sell the lot and gone. that is an example of the fatal mistake of not recognising you are no longer in reality. the irony it only takes seconds to sell. that was just an example if it did happen and that sort of move. not that i think that will happen but on an up to 10 months i do see massive gains in the best miners and a top that is not reality.
Thanks TheeDuke hope you are well
And dags you post re the top is spot on ! If I had listened to cheabol instead of arguing with him I would have been £1.5million better off, but when you look at it the other way, his words finally got through to me (after many heated phone calls) and if I hadn’t have listened to him when I did - Well I probably wouldn’t be here now , my lowest buy here was just sub 3p, so if id sold the lot at Cica £3 I’d be a very wealthy man, but call it greed,stupidity or naivety - May be all 3 - I sold majority at £1:20 - £1:50 - Yes I get the thoughts why didn’t I selll at £3 - but by fxuked if I hadn’t have sold when I did things would be a lot worse now ! Live, laugh laugh 😘
Dags, bowlers if you don’t mind me intervening as I like to think I get on with you both ! How you both ended up squabbling like this I don’t know, but you both better than that ! Bowlers, hope your enjoying your hols, trust me you enjoy it more not checking in on this board ! Dags, we got 10 months left to make the most out of this bull run so don’t waste time retorting, concentrate on making money so hopefully we all in position to take trips round the world at 70 ! Not that I will make 70 but that’s another matter 😉
Ps - Dags hope you still in KR1
I will give you one tip saddo old man. get back to your cruise holiday if you are on holiday and enjoy it. your out so forget chat board. your not going to change my posts or spitfire posts or kpa posts or anyone else that thinks you are a dick.
Many con men are well liked. that is why scams happen all the time. even on chat boards many have an agenda and are liars. you think because i say it how it is i am hated. you may be right but i do not care. i give an opinion . that is all. and no one is forced to read my posts. and it makes no difference to me. i am going to increase my returns and if one person gets some ideas from it over the past year and in the future all good. but what do you offer. silly tips and whining on every day that you sold so everyone else should sell. and you do laugh at people losing money in argo. i am not here to make friends. i am here to make money and if one or two with less experience get ideas that help then that is good as the bull market will not last forever. but you offer nothing. and if you are 70 years old grow up. where is your maturity for 70 years on the planet. your like a green 18 year old laughing at spitfire losses.
Yes I got lucky but I had 2 decades almost from 1971-1988 in the insurance industry and have been trading in the stock market for the last 25 years and have lost money like everyone else in the past I pulled out of crypto 2 weeks late and hsv 20 grand profit to get back I don't know why I speak to you after all the names you call me you don't seem to be liked by anyone on the board Dagenhsm
Anyway last post on bowlers because i think it is worth a mention. he is supposed to be on holiday and out of crypto for good spending his money. so if we take it at face value then he should not be posting on this chat board. no normal person would make any more posts for the next 6 months if it is all the truth. i would mention something else but i will leave it as that.
Bowlers. i could not careless whether you are on holiday or not. as you know i have done well myself so far out of this buying the likes of clean spark, mara, terawulf very cheap and holding a big percentage of these shares that i bought in early 2023. you on the other hand got lucky. i mean would you have held corz for a year if it was trading. nope. i never said you were not in corz. but i do doubt many things you say on here. anyway enjoy your 6 months away and keep away from the chat boards. i mean that is what you should do is it not or what any normal person would do. so far looks as if you have posted everyday since you started your holiday. lol. i know what i think.
Smallstake. yep. the top is never reality but if you can somehow hang on till then you then just sell up and enjoy money making money gains. some on here clearly do not grasp money making money with huge percentage gains. they panic and keep on selling while buying back in at higher prices overall. when all you have to do is buy cheap and hold. of course it takes some doing because of volatility.
So true Dagenham re the top not being reality, I wish I could go back in time and tell myself 10 years back to buy in trenches and also sell the same way, say 10% per time as unlike some "experts" on these boards I never manage to time it right and would be better off had I sold out in a phased and controlled way. Never to late to learn though. Good luck all as we all just want to better our futures.
Dagenham I have never laughed at anyone losing money in any stock I don't continually throw a tantrum like you every 5 minutes and I left school almost 56 years ago just going into centre of Barcelona for the day Dags won't be drinking with you
I won't be sending a postcard from Euope and beyond Dagenham I am 70 got lucky with Corz but I made a lot of money out of Argo too