RE: Guess what I'm trying to say...3 Jan 2021 06:19
Fully agree with where your coming from.....
Arb are mining a supply limited commodity (BTC) where the customer demand for it grows insatiably by the day....nae by the hour.....
Whilst BTC has currently increased from 29,000 to 34,000 (+17.3%) just since LSE closed on NYE, the profit margin for Argo mining if you conservatively take 10,000 as their all in costs (including depreciation etc) has increased more significantly by +26.3%.
That surely puts tomorrow SP for Argo into the 40s without even accounting for the potential of where this is quickly heading....
I don’t think people have long to get on board before this is up at £1+