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Jtf - Stop shaking that bottle!
Seriously though - you're right. I keep banging on about the profits because they are so good and ultimately they will drive the sp up. I try not to look too far ahead though as the numbers just get crazier and crazier - as you've shown :-) - even though that is the sort of direction that they really are heading in at the moment.
I just think ARB is at the moment the stockmarket's best kept secret - which is great for anybody new looking to invest but not so hot for those LTHs frustrated about the current sp. GLA and please DYOR as there is a lot of good info out there for you to derive your own comfort from, rather than just from believing what is posted here.
Much appreciated, Hexam. Thank you.
"Why do you assume that ARB's ATH was justified at the time? "
Hi Blubay. I'm not sure that anywhere in my post I have said that ARB's all time high was justified!! I've reread my post and have not stated this at all. On the contrary, it almost certainly ran ahead of itself which is why it represents better value now!! Something I definitely said.
So we are both in complete agreement. It ran ahead of itself and it will catch up in time. :)
the market is always forward thinking, so look ahead to potential just 1 year from now.
we know that Texas will be diversified from just BTC mining and that the BoD are looking at best ROI for this facility so true scope is still to be advised, but for illustration of potential and based on BTC mining only (numbers rounded for easy reading)
200mw plus existing 50mw would give approx 8,000Ph, this would result in 1,000 mined BTC per month. In 12 months from now we would have a HODL in the region of 3,200 BTC.
even with BTC at $50k that would give a potential annual profit of £450m, that would put the current share price at a forward PE ratio of just over 1 !!! work that out for potential increased BTC values of $100k or more and it becomes staggering.
sentiment for the entire mining fraternity is low, chip shortages, fear of crypto volatility, de-centralised regulation etc etc. when clarity on these becomes less sceptical, sentiment will follow.
it is easy to become complacent when we chat in this space as we communicate with similar minded others regarding crypto and mining but remember that 99% of the population have almost zero knowledge about it but look how much this is changing as it becomes more mainstream, remember how far the whole crypto sector has come in the last 12 months.
When the scales of confidence in crypto/blockchain tip to positive there will be a far more wide angle of investors entering.
think of potential when this happens and PE ratios are 15, 20, 25 and so on.
At the moment i view ARB as a bottle of coke with the lid off, sentiment is the Mentos mint hanging above waiting to be dropped in.
I just don't see any negative news as far as ARB is concerned, just huge potential!!
If you are a LTH or even recently invested and in the red, i urge you to look at the forward potential away from the day to day noise that occurs.
GLA and DYOR.
@Poptimist - I sympathise with your position and understand your frustration - though I disagree that it is all the shorters' doing (shorting a company that has such good fundamentals seems reckless at best).
My own feeling is that a lot of the good news for this company is simply flying under the radar at the moment for most investors, who even if they have heard of ARB are just seeing the relatively small numbers (e.g. 2020 profit c.£1m).
IMO this is all set to change soon though either through nasdaq or the publication of much larger profits - or more likely both (the first may already be happening and on the second the company is currently clearing over £5m mining margin a month and about £4m profit per month after all expenses - and that is before any BTC appreciation and the expected increased mining capacity).
So barring big BTC falls I don't think you have to wait very long at all for the sp to start motoring (weeks or months not years) and hopefully, if I'm right, that will be soon enough for your needs. In any event - Good Luck!
After a few weeks away from here I'm back from my anger management therapy :-)
Anger Management (5/8) Movie CLIP - Monk Fight (2003) HD
https://youtu.be/1cekfpK8mZQ
I find this clip funny because I shaved my head and got in touch with nature but Rana sniffing my sisters knickers post sent me over the edge lol
Hope some of you find that clip funny :-)
Lots of Crypto market attention on SpaceX Doge1 rocket to the Moon (head in hands emoji) Shiba and obviously ETH right now and very little news on BTC....
When that changes and we get news of BTC ETF's and some important BTC purchases things should change here..
Right back to the allotment and some nature, beer and more meditation ;-)
Long & Strong
Early Days Here
Do Good - Have Fun
AdeleK, thank you and all of the many excellent posters on here who have always helped sustain my darker moments. I too have done exceptionally well since November 2018. My age is against me, however, as a mid 70s man, time is not on my side as a LTH. I have a target that came very close to being reached and then became divorced from BTC growth. Indeed since the OTCQX upgrade listing it's been ever more suppressed. My thinking is collusion between UK and US brokers to short and short again this Company. Thus NASDAQ might well make a difference. If it ever comes about! Furthermore, my holdings are in a SIPP, so all gains, when realised as income, attract colossal tax payments for all I want to achieve in my remaining years. All the time and delay still going on since the penny stock days, as I say, is giving mega riches to many traders, well in excess of investors, right now.
"Whilst BTC it is well off its ATH, it does not compare to us falling c.50% from ours."
Why do you assume that ARB's ATH was justified at the time? Like RIOT and MARA it was clearly over bought in February at first signs of BTC trend. ARB was closely tracking the fortunes of BTC until that point so it's relevant to consider that the exaggerated high rather than the lows might have been the deviation of more concern. I've little doubt it will catch up again but it's important to calibrate market trends against something other than your own choice of entry point.
I agree with Pop. Ever since investing the news flow from ARB has been nothing short of excellent.
Whilst BTC it is well off its ATH, it does not compare to us falling c.50% from ours. Clearly this doesn't make sense, so the only other logical explanation is sentiment. Whilst I agree that MMs need to make money, I do not buy the market manipulation view, especially with so many making a market in ARB. And so, to re-challenge our ATH it's going to take more positive news, more exposure, BTC moving in the right direction etc etc. We all know what is on the horizon for the company, so we (I include myself here) need to be patient. It's not about if, it's about when!!
Whenever I get a little disheartened with the SP, I remind myself that the reasons I bought into ARB in the first place have not changed. If anything, there are more reasons to invest now!! If I was a new investor who had yet to take the ARB plunge, I would absolutely fill my boots at these levels!! And on that basis, it would be the wrong decision for any current shareholder to sell, unless of course they have no choice. BR
I can’t stop you from feeling what you’re feeling but to be demoralised now makes less sense to me than being demoralised a few weeks ago. It’s just about recognising the charts (if you’re trading shorter term) to know when to buy or sell. I’ve bought and sold Argo about four times now, every time with profit, to varying degrees. As a trader this is useful but as an investor I’m in for the long haul because Argo Blockchain is a good company and fundamentals always get recognised in the end, as long as the price paid is proportionate to either actual fair value or, especially in the case of tech, long term market sentiment.
Re ARB the price had to come down, just as Riot Blockchain did across the Atlantic. However, if I’m right about BTC $58,100 resistance levels, the next move should be up not down. With ARB’s similar equivalent resistance around £1.60, there seems more reward than risk from here. I bought back in last Friday and topped up a little on the pullback this morning. BTC is volatile but unless someone with clout wants to push the price down for a while, I personally remain optimistic and am putting my money where my mouth is.
That’s my long-winded way of trying to re-moralise you, Poptimist. :) But do what is best for you obvs as no-one can guarantee anything and I don’t know your threshold for volatility.
Poptimist @
TOTALY agree with you you have hit the nail on the head
Not going to lie Pop this morning is the first time the price action has really got to me - We were touching 59k and the SP was stagnant dropped a few hundred and the price went with it - Been hard work recently but like fook are they getting any of mine on the cheap !
Pop, take some time away from the board. It does wonders for you mentally.
Argo has risen rapidly and spectacularly largely off the back of retail investors. Unfortunately those late to the party are suffering as a result of heavy trading and the resultant high volatility. Bitcoin options trading alone is contributing markedly to SP swings. I am very surprised the trading range is now between £1.55 and £2 or thereabouts whereas it was sitting above £2.20.
Bottom drawer for me for the next six months and look again. KR1 flying again now.
My frustration left me writing too many errors. I'll try again. "For many many weeks we've had, as shareholders, a very poor run indeed. Here we go again. Never mind the recent rise in January, ARB's seemingly excellent results, Texas, et al. Somebody is getting rich out of this stock and right now it's at the expense of private investors who staked the company from day one and have yet to realise worthwhile returns, when compared to any other miner. I'm just so demoralised, at the moment, that we are stagnating whilst some are getting nicely set up. It just makes no sense.
For many many weeks we've had, as shareholders, a very poor run indeed. Here we go again. Never mind the recent rise in January, ARB's seemingly excellent results, Texas, et al. Somebody is getting rich out of this stock and right now it's at the expense of private investors who staked the company from day one and has yet to realise worthwhile returns when compare to any other miner. I'm just so demoralised at the moment that we are stagnating whilst some are getting nicely set up. It just makes no sense.