Firering Strategic Minerals: From explorer to producer. Watch the video here.
It’s a shambles to what it was a few months ago. It’s a real shame! Delacey if you’re reading this can you add me back to Discord I appear to have been removed, or the whole thing has been deleted. Was just starting to post.
Just looked back at the Dec operational update posted in January when ARB held 209 BTC or equivalent. We’re now over 1000 and closing the gap on Riot & Mara at quite a rate.
Really does show how well the company is being managed and how quickly it’s growing. Even if at times it feels like nothing is happening.
Shame about the mining rigs but we’re still nailing it on a daily basis! I’m sure there’ll be some delays in construction at Texas (as there usually are).
Still what an increase in hodl since the start of 2021!
Evenin all! Wots goin on ere then?!
Looks like a good couple of days hey! Pleased for all of those that have held on having witnessed this drop as maybe their first. I have to say it was quite relaxing having had my vaccine last Wednesday, seeing BTC drop and the SP and thinking “it’s all good, same as January”.
Obviously it’s important not to be complacent and as much as we trust PW and ARB as a business (the fundamentals speak for themselves) we are still linked to BTC which is shall we say chaotic to coin a recent term.
That being said I hope those that may have sold haven’t lost too much and that the experience will see them better in the long run. Aside from my own research I always think along the lines of... “Does Bill from Blackpool, sat in his dressing gown, with his cat who gets off over trolling boards know more than institutional investors and so on”.
A large part of my day job involves analysing business risk, particularly in relation to ESG. Many of the companies I support are listed and have huge teams (far better than I) analysing these risks down to things like crap weather impacting output of some remote office in Mongolia. It’s why I have relative faith in ARB beyond my own research as the big buys coming in have people earning plenty by doing the same.
Of course if it gets crazy you have to do what is best for you and I’ve accepted that my money invested in ARB could amount to £0 but I’m lucky in that I have a while yet to worry about that.
In short (probably should have started that way) by all means question, criticise and research but don’t let fear (or euphoria) from largely obvious circles cloud your judgement or research. Good luck! Time for a Moretti... here’s to a good day tomorrow
Well this just became a definite buy for me now. I did average down from my £1.34 earlier this week but if we see sub £1 which I fully expect I will definitely be selling some other shares to put more in here.
For me (looking at this as a long term hold) I’m pretty happy with being able to buy more shares in a company I believe is going to be far more than just a BTC miner.
Yes PW et al talk a good game on their videos but I believe their actions show that they’re able to back it up. Going to be an interesting (and I believe rewarding) few years assuming PW stays at the helm with the current team.
Loss of those guys is what I perceive to be the greatest risk.
Good thread!! Agree with most of the thoughts on this particularly diversification, it’s one of the reasons I’ve been pretty relaxed with the falling BTC price.
The positive (for me) to come from the recent drop in BTC price has been its realignment with the ARB share price. Looking back to the end of Jan/first week of Feb when BTC sat around 40k before a big jump we were actually in a very similar position.
BTC - 07/02/2021 - 38,902
ARB - 08/02/2021 - 117p
It’ll be interesting to see how the SP rises this time particularly with additional news and future activities.
Well I guess some good news is that it appears the share price and BTC are relatively aligned. Certainly based on prices back in February. Obviously that's not so good if it keeps going south but it's certainly better than being sat at 55k and above and hovering well below where we were.
Not to mention the volume is up! :D Funny old game this.
Peter Wall also sold shares at 29p before the rise.
The current price is almost the same as the 8th Feb 2021 before the leg up when BTC was also around the 36-38k mark.
I know you said stats but thought I’d reply with facts.
As a relatively young technology business specialising in blockchain technology and their continued plans to diversify I can’t say the BTC drop or potential SP is much of a concern (even though I fully expect to be further in the red this morning).
It’s been pretty obvious to those that have done their due diligence and are looking at this as a relatively long term investment that this company is more than just a Bitcoin miner. PW has openly said that and acted upon it (investment in Pluto).
For those sat there worried like I was in January I’d step away from the computer or ignore some of the rubbish posted on here by trolls and derampers. Unless you think they know more than the CEO of Argo, his advisers and the institutions buying into this space. Barry from Bristol posting under some pseudonym in his pjs or PW? For those who say PW made his money, let’s also not forget him selling at 29p
Anyway have a good day and if you’ve invested in Argo look at the bigger picture before making any costly decisions. Time for the turbo.
I think you ask some quite valid questions and have very valid points in a lot of your post.
I guess from someone who works in encouraging responsible procurement and who has visited many, many factories akin to those you refer to, then I’d say they aren’t all that great.
It also makes me chuckle with the whole green energy thing, as if people forget the materials that make the solar panels wind blades that give us energy. I’ll avoid getting drawn into it too much more but “blood batteries” as they are referred to in some quarters are far more harmful than and less exploitative than mining cryptocurrency.
The world is moving to automation and less people involved in process, you can see that in the supermarkets. The only thing that concerns me about Argo and other miners is their T3-4 suppliers in Asia.
Elon tweeted he’s working with dodge to work on transaction speed, he’s desperate to see the price rise and it will.
People need to stop looking at Argo as a pure BTC miner and look at the bigger picture being presented. I’d imagine it’s why PW is so calm in his approach. It’s why the business we’ve invested in is diversifying and not banking on one thing. Even though they are making £1000s a minute
It's done in order for people that have a lot of money to accumulate more of this ever appreciating asset. I've got absolutely no doubt that EM topped up at $46 after his tweet. People need to stop following the whim and word of a megalomaniac who seems to thrive on attention.
Don't get me started on the environmental and ethical concerns associated with the development of lithium battery vehicles and the cobalt used for the batteries. You'll soon see the industry isn't so clean.
We're on to something good here in my opinion and I think we are being run by a very calm and clever person.
Pretty chilled to be honest and not surprised that Musk has decided to play some games. I also wouldn’t be surprised if he’s bought some more BTC thanks to the artificial drop he created.
Slightly more surprised that one mans tweet can seemingly create such fear as to have a drop of over 10%. Yet people almost ignore the other institutions who announce they are buying into BTC. The sheep like/paper hands of some is as much to blame as the tweet.
Very pleased to be invested in the “worlds first green mining pool” this is where PW and his team really need to show their ability and use this to their advantage. I will most likely be doing so, I definitely did not expect to be in a position where I would be able to average down. Frustrating yes but I’m in for the long term.
Hope Elon doesn’t wake up with too much of a hangover in the morning :s
Why would people invest in ARB? :D
They're mining about $250k a day of bitcoin at 80% or so margin and are in the process of expanding their operations to mine other coins from a new, high tech facility due to be operational in Q1 2022.
Comparable companies in the same sector (albeit less diversified) and mining less have SPs quite a bit higher than our current price.
The company are good communicators with monthly operational updates, Q&As, videos and a relatively decent/informative social media presence.
They've invested (with a healthy holding) in equipment producers and another DeFi organisation due to list and already making very good money.
The main 'commodity' they mine is slowly being accepted by more institutions, many of whom said they would never accept it.
There is more but that is just a quick 'off the top of my head' list of things as to why someone might want to buy into a share that has retraced from an ATH of £3.40 only two months or so ago. If I wasn't already invested i'd be looking at Bitfarms having just listed and the above, particularly the potential diversification of Argo as a BLOCKCHAIN company and thinking this was a good price.
Who knows, anyway it's all good!
Was the one today not released at a similar time? Apologies I’m not great with Twitter but it says 5hrs ago which would be approx 1400 and 0900 EST? Again just trying to keep feet on the ground so there’s no meltdowns akin to other boards or here from time to time.
I think we'll see ARB hold mined bitcoin until they get towards the peak of the bull run and subsequently sell off some to fund future projects. Future projects will be diversification in wider blockchain activities (in addition to mining different coins). I think they'll also invest in some other blockchain business (Pluto) and look for returns that way.
For those (like me) who believe that blockchain technology is likely to expand in government, financial institutions and so on then I think we may see Argo look to move into this area as a major player/trusted partner for third parties. It's one of the reasons I think we are still in the UK.
Anyway absolute guess work! I thought we'd be at £4 by the end of April so take it with a pinch of salt. Time for an hour on the turbo! Have a good one
Morning all!
Nice and still, looks like some sunshine will break through too. Don’t know about anyone else but yesterday’s hail storm was quite a surprise!
Anyway what wasn’t a surprise was BTC rising to over 58k yesterday evening/night. For those relatively new to the share that sold because of the BTC drop (it often seeks America are more affected by the changes) please remember that it drops around the 20th of the month and then goes on a charge to a new ATH
There’ll be people telling you during that 10 day period that BTC is done, it’s been stopped and so on, that’s not the case.
Anyway just thought I’d remind people, I’m sure we’ll get to around the 23rd of May and we’ll see the same worries and this reminder will have been a waste of time. What isn’t a waste of time is checking out the daily price changes in BTC for the last 5-6 months. If you get a chance check it out and you’ll see the drop, levelling off and then rise almost like clockwork.
Hello! Happy Friday and all that... quite nice now!
CME options expire at 1600 GMT on the last Friday of the month, as they do every month.
"Option exercise results in a position in the underlying cash-settled futures contract. In-the-money options are automatically exercised into expiring cash-settled futures, which settle to the CME CF Bitcoin Reference Rate (BRR) at 4:00 p.m. London time on the last Friday of the contract month."
Have a good weekend!
I hope a lot of those that were sat there, concerned/worried/scared and underwater after being caught out in the sustained sp drop we’ve seen are able to wake up this morning with less weight on their shoulders abs can see how well this company is progressing and the opportunities that holding shares in it will bring.
A very good RNS and only makes me think how ridiculous next year could be considering the quarterly and monthly updates we’ve received.
As we’ve seen over the recent weeks there are people that get a kick out of scaring shareholders and recommend companies that make a loss year on year! Well enjoy it and if/when you have that doubt or you’re concerned that things are going wrong..... read the RNS!
Enjoy the spring sunshine folks!