Member Info for Arkonite

Spitfire - You were so positive about this share from April 2019 until only a couple of months ago. What happened?

I just hope you didn’t sell out when this had the seller pressure to 3.5p, since your posts are quite negative all of a sudden which is in direct contrast to the sentiment within this share and crypto space.
We will be shooting past the April 2019 levels very soon imho.

Effectively July was a post-halving inefficient miner shake out with the sideways consolidation. So the 34% margins are even more remarkable. Lots to look forward to here.
GLA LTHs

Agreed - if BTC trades in this range of £10.5-12-5k, then we could expect revenues to push towards that value for August. Really great place to be for H2.
Time for ppl to jump on board.

Morning all!

For any new investors querying scopes for immediate growth opportunities.

Turn back time to the energy agreement in August 2019:

We have scope to increase to 65MW through our hydroelec.
Currently over the three mining sites in Canada we are using 35MW.

There is opportunity (even presently) to increase our mining capacity another 86%.
Doubling revenues at these levels. BTC 10x ing in the next 12 months.
I can see the next 6 months us filling this out.
Only limiting factor may be staff and warehouse capacity, but obviously the intricacies may be lost on me.

How will this impact the price targets if this is maximised? Only time will tell. Going to keep up with the bullish talk shared with all the regulars Trek, WMS, TheeDuke and all the rest. > £1 target

US investors are clearly in full crypto FOMO mode... 85% rise today for that crud!
That share is a shocker. UK PIs need to wake up to what's right under their noses.

Unbelievable really how little interest there is in purchasing ARB at these levels with crypto pumping the way it is.
It just validates in me how ahead of the curve we really are...
Crypto is still really low down in people's minds. Things will change very very soon with a $20k BTC.

Off go the coin markets again...

Hope you all had a great weekend!
Hope some of this spills over into ARB price action today.
Looks like the flash crash bounce has settled a bottom and may be slowly rising.

Here comes the next leg up.
Wonder if the next selling pressure level will be easier. 13.5k?
Blue day for ARB Monday at these levels. Let’s hope the timing for the H1 is held for a few days.

I wonder when the shake out for BTC holders will come? I’ll be topping up crypto then.

My ARB shares won’t be going anywhere until Trek’s target level is approaching.

Not sure about the CME futures gap, but I personally think we’re about to smash through. Tomorrow looks a good ARB day.
What else in blockchain is worth investing in your ISA?

Hope that in spite of BTC moving sideways we see some continued positive price action (whatever that may be).

Thank you ItsAllRigged, Trek and all the LT gang for your input since I jumped on board. We had to fend off a fair few naysayers during the May - July period but things are looking good here now.

Similar minimum 18 months for me. Can’t justify treating this any different to my crypto assets.

In fact once this bull market is over, Argo may have changed beyond recognition and the margins may make it even more attractive.

Canada have a knack for avoiding geopolitical tension too, which could make a crypto mining safe haven buffered from what we all think is coming internationally very soon.

Hope you are all keeping well and optimistic for the future like I am.
My shares are staying firmly put for the long term.

Simple in my mind:
1. Crypto entered a bear market cycle - therefore investor sentiment plummeted (to those that even pondered about investing in a crypto share) and it dropped off the radar
2. Crypto adoption is still in its infancy relatively speaking
3. ARB had an abysmal business model that has only got back on track in 2020
4. Covid has led to a bubble in traditional stock (which won't last) - ergo investor eyes are distracted
5. The UK investor is tech-naive and therefore needs a £20k bitcoin and an FT front page to smack them in the face before they wake up

Not long now GLA...

Wildtiger- maybe, temporarily, but crypto will rally, and fast! Surpassing prior highs in a short time frame. That’s the tree shake. Back they go to Warren Buffett! Peace be with them.

All ages welcome (>18)
Crypto curious
Understands HODLing
Fancies fundamentals
Has big multibags

Please contact ARB direct.

Coming onto your point about mirroring BTC price movement. Nothing in the traditional markets can mirror crypto's intraday / intraweek price action. ARB will be no different. Have a look at the longer SMAs on ARB and you will see that they do in fact correlate with bitcoin, rather than the FTSE 100 / NASDAQ IMHO

Wildtiger - I think today should put your mind at rest. We seem to be moving with the price of metals and metal miners today.

The only thing that was missing was positive sentiment, which last week changed with all the Visa, Mastercard, Paypal, bank custody news. Even tabloids have posted positive headlines on bitcoin today, which is a first.

Also - think about how much the twitter event had 'zero' effect on crypto. Roll back pre-2017 and the story would have been very different. GLA ALB DYOR.

Ruddy platform won't let me top up any more shares

Up shoots the BTC bar again...