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I agree, our captain could retire right now on the bucks he's made, but he prefers to work towards the further growth of his company.
We are in good hands.
@ ArgiBull
I could not agree more, he is down to earth, knows what he is doing and meant to run technology company and has managed to pick and keep a very good team around himself. I really trust the guy to run ARB well into multi billion company not in a too distant future.
I will say that it has gotten more and more investable as time has gone on. Peter's brilliance was not really known when I was first buying. As time went on he revealed himself to be the perfect person for the job and has made amazing decisions - as well as being a great communicator to shareholders. I got lucky.
All the info was there, some saw it, many didn't and still don't. Personally I kick myself for not seeing it earlier and thus arriving late (Jan 21) but we are still early in the grand scheme of things.
Might be worth looking up the importance of these dates:
3/1/09
28/11/12
9/7/16
11/5/20
x/x/24
ATB
RC
BTC mining difficulty was increasing over time. Halving had happened earlier that year. Bull cycle near to start (hence why I was trying to buy a BTC tracker at the time).
You don't understand how BTC mining works, do you?
Anybody else follow conquer trading and investing on YouTube.Apparently Bitcoin has been going through a repair stage and is looking very bullish on charts..I find him pretty good for reference along with a few other Bitcoin commentators.atb
180 Bitcoin mined in June 2020
165 in July
166 August
127 September
126 October
115 November
96 December
… it would have been brave to go in strong on that trend but well done
To be honest I was lucky to find Argo and stumbled upon it by accident when trying to find a BTC tracker for my SIPP - but the more I looked into it the more it looked like the investment of a lifetime - and I then went for it. It has worked out better than my wildest dreams could have imagined.
Well done, good diligence :-)
Don't agree with you Blubay. I bought in Sep/Oct 2020 and felt it was very investable back then, in fact I clearly remember wondering why such a good and well run business was so cheap.
I suppose the more serious point is that ARB was still a speculative punt rather than an investable business until December 2020. Anyone who got in before then did very well indeed but largely by placing a lucky bet (well done!). Business focused investors come in later, when there's a sound basis to do so, and will have avoided a lot of sleepless nights if they saw that opportunity between GBP100-200. But the future looks bright for everyone who's prepared to hold, even if they came in higher.
@ Papalazarou - no irony intended, that was point. Don't listen to me, I'm a latecomer.
Blubay - good post but completely ruined by the gloating follow-on message. Some people are 1000%+ up on this board and some are still 60%+ down but it doesn’t matter one inch - we all believe we are investing in something special here.
Blubay, good post; we have been abused by traders.
Let's try not to gloat.
@600Thieves, don't listen to me, I'm only 40% up, what would I know? ;-)
@Blubay, all first-class points. I stand (humbly) corrected. No question in my mind, our fundamentals/leadership are THE best in class. ATB
It wasn't the Texas announcement that 'pushed the SP sooooo high', it was the exhaustion of the big seller and fulfilment of short positions. The SP was artificially depressed by the trading. The next set of news will likely have positive effect too but the business fundamentals are obvious, with or without it. The wide NP/GP margin alone makes it highly profitable even if the BTC price wobbles significantly. The new investment in production/productivity only strengthens that. If it was just an old fashioned copper/gold mining business with the same fundamentals investors would be queuing up to hold it long at GBP280-290 no problem. All you're seeing in the SP is noise, traders not investors. ARB is a good business in the painful process of moving from a traded stock to an investment stock. NASDAQ might help stabilise the SP if it spreads the investment base to larger institutions.
@Mittenator, we should not rule out £3 by the end of April. Our history proves it and our fundamentals/leadership warrant it. ATB
Good morning all,
What will today bring? As I posted yesterday evening, I was amazed the announcement of the partner to build Texas pushed the SP sooooo high. With my line of thought, the original announcement of Texas should have done that. WTFDIK.
When peeps say the news is already built into the market, it cannot always be the case. Sometimes a share just takes off. On 27 January the SP was 69p and by 17 February it had shot to 284p. Bagging over 4 times in 4 weeks was to mind way of thinking, a great example of volatility. I hear the echo “nothing goes up in a straight line”.
Let’s speculate: IF the RNS announcing last year's audited accounts (due next week) coincided with joining NASDAQ, how much nearer would this profit-making company be nearer to the moon?
Exciting times ahead.
All the very best Argonauts/true believers, 600