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Agreed - seems to be some accumulation going on in the background.....
Argo has opened up at 2.4 Euro in Frankfurt which means we should open up £2+. Expecting fireworks today when US trading starts given overall sentiment towards ARB and BTC....could easily see another +30% rise today.
Perfect storm brewing with the upward trend of BTC, RNS and machine expansion. Don't forget the RNS from 29 Jan which highlights mining power will more than double by end of Q2.
The machines, which were ordered in November 2020 and delivered ahead of schedule, will add approximately 127 petahash to the company's existing mining fleet, bringing the Company's total installed computing power to 772 petahash. By the end of Q2 2021, Argo's total installed mining power will total 1,685 petahash or 1,68 exahash. The remainder of the 10,000 machines required to achieve this target are on order and expected to be delivered in batches between February and June, as previously announced.
I think you are trying to put lipstick on a pig. Revenue down 82.6% to £0.2m with a operating loss of £3.5m. Xeros has done nothing but destroy shareholder value on a consistent basis.
This is looking good for another leg up. My buy this morning is showing as a sell
05-Aug-20 08:06:57 0.41 2,435,976
Agreed Logic, the price should be in the pennies at the moment and if the momentum continues those on the sidelines will will buying in to avoid FOMO. As we have seen the price can move significantly on relatively low volume and therefore has been impacted by some investors trading. With new investors and more investors holding onto their cards, I think we will see more upward pressure on the share price and hopefully a price that reflects the current stage of the game. Good to see new names on the board...its shows PFP is getting more visibility and interest!
Exciting times chaps and feels like we are on the cusp of some transformational news. I am very optimistic hence the reason I have a 3% holding. Hope we see some sustained buying pressure as other investors take a position and move on from this ridiculously low price. Bear in mind people were piling in at +2p last June, the fundamentals have not changed and we are materially further forward in terms of concluding the deal.
Guys - all of the ducks are lining up and the fund raising says it all for me. People were pilling in at 1.5p and we are materially closer in terms of concluding the deal now. I'm sitting on a substantial shareholding and will be holding till we see the deal through as I am convinced the deal will be done and opportunities such as these don't come around often. Pay your money and take your chances...
This is also the first time PFP have issued an Align research note and interview scheduled for this week....take the hint.