The latest Investing Matters Podcast episode featuring Jeremy Skillington, CEO of Poolbeg Pharma has just been released. Listen here.
Thanks for the support Hexam (I presume you're referring to me as the caller-outer!), but it's water off a duck's back, really. As usual most posts and most poster are noise rather than signal. We're lucky in that there are still quite a few sensible posters on here (yourself, AB and Emma just on this thread for example - not that I agree with all of you all the time but that's as it should be!)
Possibly aimed at me, as I think I'm the only person who has mentioned 25p today. However I never screamed "BUY BUY" - quite the opposite, I've been constantly mocking the ridiculous rampers (they really are something!) and been consistently clear that I viewed this as a short-term momentum play based on the RNS. Did very nicely out of it, 90% gain in a day and a bit, although I'm glad the price didn't hit 35p yesterday afternoon as I'd have bought some more!
I wouldn't be a LTH here as things stand, even at 25p, although at that point it might be worth a speculative punt.
Quote possibly so AB, yes. As I say if I were in crypto stocks right now it'd be Riot and Argo. Part of that is only being in Argo previously and missing out on some rises, so a little diversification can't hurt.
I also don't like Mara one little bit, but they've performed amazingly on occasion (the share price I mean) we have to admit! I just have the feeling about them that it'll all end in tears one day...
in October, Argo mined 167 Bitcoin (including Zcash converted to BTC etc.) Riot mined 464.
Argo and Riot both have 200MW Texas expansions on the cards using immersion technology. Both will be awesome, but Riot's is closer to opening and they have confirmed machine orders.
Riot also have a track record of delivering on their expansions, on the quoted timescales. Argo, not necessarily through any fault of their own, have slipped a few times in terms of timescales. That's not to say Argo might not deliver ahead of target and Riot fall behind in future - but right now, the US investor base trusts Riot to deliver more than it trusts Argo to deliver.
So, if Riot are mining three times what Argo are miing right now, and are expanding more quickly, the market caps don't seem wildly out of line to me.
Both Riot and Argo are in my view undervalued relative to the other miners, because much of their promise is in future hashrate, not current hashrate, and that's a bit riskier. If I was invested in crypto right now, Argo and Riot would be the two I was invested in. The ONLY reason I am not is because I am not an uber-bull regarding Bitcoin.
I may, of course, be entirely wrong. But what I am manifestly NOT is anti-Argo.
Why would I pry myself away?
I've been involved here rather longer than you have. I'm out at the moment, but that's nothing to do with Argo itself, it's because I am slightly leery about Bitcoin at the moment.
I'm a long-time poster who has been almost entirely supportive of Argo. I guess you don't like me because I post fairly down-to-earth, sensible things, rather than constant uber-ramping nonsense?
As my kids would say - whatevs!!
Merely a statement of fact, correcting another post. Nothing judgemental, nothing either positive or negative about either Argo or any individual in any way.
In fact, a post with an entirely sensible and neutral purpose, LA, rather unlike yours!
The HODL is a very small proportion of the total value. 3500 Bitcoin are worth around $200m. The rest of the market cap is down to current hashrate and projected future hashrate. Riot are well ahead of Argo on both measures.
It's a genuine off-exchange transaction, meaning it's probably not through MMs so can't really have been worked throughout the day. And it's not *that* huge a transaction so if it was being performed in stages and reported late, it should have got a much better average than 37.5p. There's no way of being certain but it smells like a genuine after-hours private transaction, meaning it's both a sale and a purchase.