Member Info for Albert82

Thanks for the advice. I didn't know you could invest in more than one company at a time.

Parkboy, I find most of what I post is to try to counter and even dilute (if that's not a swearword now) the naive, incorrect BS which will undermine Newbies' confidence.
Maybe I should just give up and let them sink or swim. At least they will either learn or give up chasing rainbows.
Investing is a long game as you imply.

There is a huge difference between manipulation & MM manipulation.

If MMs take the price down, it's because there are more sellers than buyers, or they are long and don't want any more. Any firm at a higher bid will have their bid hit by sellers, and vice versa.

Last year, I took advantage of this. So often the price would drop for no clear reason that I would buy more. Am I manipulating the MMs?

GME is collusion by everyone but the MMs.

As a footnote, I have worked in Market Making firms for about 15 years. I'm guessing most of the critics of the system have not.

Tiger, yes it is just a story, so to correct you:

PW has after using his options increased his stake in Argo from 500,000 shares to 1,004,000 shares.

Chaebol, I agree. Placings always cause these issues, but in our case I think that, while the prospects for Argo are still very good, we need some new blood on both sides of the pond to pick up any stock "dumped" on the market.

You could argue that anyone who bought in the pennies is waiting to "dump" their stock, but if they did, the volume would make the placing shares look like a drop in the ocean.
I should probably take your advice and maybe switch off for a few days, but seeing the ill-informed comments on here gets my goat!

Just to repeat what I said yesterday

Every major broker in the City has a Corporate Finance team. Their job is to raise funds for their clients by either an IPO for new business or a placing for existing quoted companies. This is just the way it is.
They can take weeks or even months to arrange, while the broker contacts his Institutional Investors. They cannot engage with retail clients as the deals have to remain confidential.
To suggest that Argo directors are lining their own pockets by exercising options at "the right time" or giving cheap stock to their mates is naive at best and probably libelous at worst.
I am never happy to see a placing as there will be a dilution in my current value (albeit only 3% in this case), but they happen for a reason. Institutions do not invest for a bit of a punt.

As I said earlier, I guess the reality is that we need new blood on both sides of the pond. A few PIs ranting at each other are not going to move the market and probably many US IIs can't get involved until we are on NASDAQ.

Me too Pop. The Tee shirt is decent quality and doesn't emphasise my beer belly!

Osy123, I don't have all the increments to hand, but BTC is up about 1000% in one year. Glad I stuck with Argo!

Hill18, I think you are missing the big picture.

Bitcoin is a consequence of the blockchain concept. Diversifying into "esoteric" areas is an absolute must.

I guess the reality is that we need new blood on both sides of the pond. A few PIs ranting at each other are not going to move the market and probably many US IIs can't get involved until we are on NASDAQ.

Good Luck Argonauts, I'm off to the pub (wishful thinking)

Rookie, thanks. Hopefully this should put the brakes on further placings.

Hopefully, once the vast wave of nearly 1% of new stock in PI hands has flooded the market on Friday, we can get back to normal!

Every major broker in the City has a Corporate Finance team. Their job is to raise funds for their clients by either an IPO for new business or a placing for existing quoted companies. This is just the way it is.
They can take weeks or even months to arrange, while the broker contacts his Institutional Investors. They cannot engage with retail clients as the deals have to remain confidential.
To suggest that Argo directors are lining their own pockets by exercising options at "the right time" or giving cheap stock to their mates is naive at best and probably libelous at worst.
I am never happy to see a placing as there will be a dilution in my current value (albeit only 3% in this case), but they happen for a reason. Institutions do not invest for a bit of a punt.
I sincerely hope that PW explains quite what the mad rush was to do this, but my only real concern is that the $100 million loan facility is not in place yet. Have we been advised what will be used as collateral for this loan facility?

Existing holders have probably sold shares knowing they are already getting them back at £2

However, hardly enough to make any difference to the price

Matml, I believe others do the same to try to dissect the numbers. My issue is that so many posters do not and therefore assume the data on here is accurate. That is not the fault of the site, but the regulators should step in. It frustrates me that the powers that be don't simply insist on the buy/sell flag being included in the trade report.

The best indicator is, if the price goes up, there are probably more buyers than sellers etc...

So many boards are full of incorrect comments regarding late trades.
The buy/sell indicator is often wrong on this, and other sites.
When the trade comes through, the site just compares the trade price to the bid and offer on the site at that moment.
If the trade price is above the mid price, LSE will mark it as a purchase.
If there was a sudden slump in the price towards the end of the day, virtually all the late reported trades would be marked as purchases.
If the price went up at the end, all of the late trade would be marked as sales.
Look at the daily price movement as "late trades" still go through the market at trade time

Quite a few on here suggesting we should have sold our BTC to fund expansion.

That's nonsense. It would be similar to a property company trying to build a portfolio by selling some of it's existing properties to fund development of new properties.

Over and above that, the growth in value of our BTC will outstrip that of any other currency or commodity, so it's a no brainer. If you don't agree with that, you shouldn't invest in a miner....

dvharrison, I would suggest selling some and holding some. That's certainly what I and many other early investors have done. There's lots to look forward to from Argo, but you never know when a Black Swan might turn up.

Well done though.

Well done.

I can sell 150k at 2.29, but I can't even buy 2,500.

It's always a good day to be in ARB!