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They all align in the end. Nothing to worry about. If LDN cheaper than US, US counterparts will look to buy into LSE price.
Ok mickeymix, I presume you know the SP requirement for entry onto the NASDAQ? I presume you monitor the ARBKF share price both during and post LSE trading hours, I presume you note the frustration of some of our American cousins who exclaim with great annoyance that “weak hands” over there are selling or trading much like what happens here. I could understand if we were somehow dragging the US backwards here but we are not, they will get their $2 in good time, just chill out!
We don't need to ditch London.
Multiple venue trading gives companies access to the largest groups of investors.
We need to get on NASDAQ which will allow us to trade as a CDI rather than via OTC. A CDI allows firms to trade and move stocks from say London to US electronically and to automate the process. An OTC transaction is manual and more expensive.
There are literally thousands of companies that trade domestically and in other venues as CDIs. NCYT is an obvious example
With a dual listing on NASDAQ, the demand in the US will drive the price and by trading as a CDI, more brokers in the US will allow access to investors.
I think the MMs are making the most of this before it is out of their hands.
No need to delist from LSE
Completely agree with NASDAQ listing, go for it, but certainly no need to delist in the UK.
The issue, my much blinkered friend, is that if ARB was listed on Nasdaq, the share price would be considerably in excess of where it is here. Now, if that isn't obvious to you and you still find this an utterly stupid idea then I suggest you take a long, hard look in the mirror and ask yourself why that is.
I'm maybe being very naive, what benefits would we gain from a complete delisting?
We don't even meet the requirements for the Nasdaq at present?
I do agree that the LSE & UK as a whole are backwards, and quickly digging themselves into a hole which we may never merge from.
I come from a farming community, near a large fishing community. As a kid my mum told me that farmers are born backwards because we look at our feet and the land we own - fishermen grow with the times because they are always looking at the horizon.
I think I am a bit of both, I like to hold onto what I have, but I like to adapt to new offerings.
If you can't trade nasdaq and us shares then your broker is living in the stone age and you need to ditch them and write to them telling them how utterly pathetic they are.
If people are that bothered about the price still being low, keep topping up your hold. Anything under £1 is great value and should see some excellent gains IMO.
An utterly stupid idea, from someone who obviously lacks sense or patience. Look at the SP 2 months ago, we are in great shape, what’s the issue?
https://stockmarketmba.com/globalcompaniescrosslistonusexchanges.php
Scroll down to the bottom, these companies do alright out of dual listing!
Main market fully SETS traded removes your 'self serving lagards' To suggest a delist is frankly naive.
Totally right.
Unbelievable there are people still selling. This is literally a one in a million stock.
We have some shockingly weak hands amongst us.
I just think a lot of investors don’t get BTC at the minute. That and the fact ARB haven’t posted a profit yet will put a lot of people off. Once they see that the company is well run and the fundamentals are sound, we’ll see a lot more interest. It’s not going to happen off the back of a couple of RNS announcements.
We can all see that this is going to go up by a lot to reach true value, but I bet your average retail investor have never heard of the company.
I’ve got mates who invest in different crypto, but when I start talking to them about block chains and how they are mined they haven’t got a clue what I’m talking about. They had no idea that this kind of thing happened.
Give it time and it will rise, and we’ll all make a good profit.
I am suggesting they delist from the corrupt self serving laggard that is London. Now wonder it is now the world's most unloved market. It is toxic to the true value of this fine company and many others. But...companies are waking up to this fact and quite a few have already made the move and derived great benefit from doing so.
Still able to buy on H&L at just over 90p - amazed at this point that there are srtill sellers at that value
Not sure that is an option I'd support, for all of its shortcomings surely best to have a foot in each camp?
The USA dollar at the moment is not the strongest currency in the world in fact some may say the opposite. With their new administration and civil unrest not sure what it future will be going forward . Plus some of our American cousin "like" and have an affinity for UK stocks,.
Potentially some EFT's and UK growth funds would have to sell their holdings is solely listed on USA
For me (and I suspect others) keep it simple ~ and stay dual listed, as so many have said here, hold you nerve or more to point hold your shares the way to stop MM "games" surely is not to sell to them in the first place!!?
An article yesterday specifically discussed why tech companies don't IPO in London, its being left behind. Companies achieve much higher valuations elsewhere. Considering tech is the future its madness. I hope PW attends the conference in his ARGO merch!!!!
Unfortunately I think I'd have to agree.... not just for this company, but as a general theme. The UK seems to be intent on economic suicide currently.
Not individual businesses; to a great degree they're at the mercy of other decision makers and market manipulators, at least until they fold or relocate.... But then, it's rather Hobson's choice; where is actually any less worse?
Today it will be interesting to see what happens after that incredible RNS. I'd say 'see how the market responds', but we know the SP doesn't always reflect the true value, and we don't always see a genuine reflection of market response.
[I've spent the last few days very much wired to my PC, and a few friends with businesses are concerned, so there's a chance that this mornings views are jaded by the blue light, frustration and lack of sleep.... apologies]
Argo; The UK's leading cryptocurrency miner.
Stay strong Argonauts, many more multiples of value to be exposed yet.
CC
My apologies Phoebus. When I posted that no-one was suggesting a delisting from the LSE, I didn’t look at the whole thread.
Of course, everyone is entitled to their own opinion, even if it makes no sense to the rest of us.
GLA
Those are not mutually exclusive positions. Its tough to feel good about being listed on LSE whilst at the same time feeling done over by the UK market.
It also wont help the company develop its true value . Take heed LSE, companies who perceive themselves to be undervalued (rightly or wrongly) will head elsewhere leaving the UK market all the weaker
Agree with Glasir
Please everyone
I think we need to focus on a positive vibe and building a great community of holders, rather than feeling done over.
Morning Phoebus ,
Mate if people over here cant trade on the Nasdaq then I would suggest they get themselves a proper trading platform . Please dont think Im being arrogant I just see people talking all the time about bad service and cant buy this share and that one , just because some platforms are free doesn't make them good ..... I direct you to Robin Hood and co .
Johnny boy
I agree fully with a listing on the Nasdaq, but why delist from London?
Argo is over delivering, and although it is frustrating we aren't realising our full potential I don't think the nuclear option is the answer.
I want to be able to hold this in my ISA and SiPP in the way I am currently. I can't hold the smaller miners through H&L, 212 or IG.
I think we need to focus on a positive vibe and building a great community of holders, rather than feeling done over.
GLA.
Phoebus
Shouting doesn’t make you right. Neither does mentioning things several times.
ARB already trades in the US. Moving the listing to the NASDAQ just means that US investors and, more importantly, institutions can buy ARB. Even more importantly, the P/E ratio will be considerably higher than we achieve in the U.K.
No-one is suggesting a delisting from the LSE.
IT MEANS YOU'D BE PHUCKED.
I don't think we need to ditch London, but we do need to get on the NASDAQ as a priority - and I have no doubt the company has this as a priority.
On the London side, we should soon get rid of the MM's as I've said before and get on SETS. After we're on the NASDAQ we should increase market cap and then enter the FTSE 250, and life will be much easier.