Member Info for Arkonite

I think it’s safe to say that crypto hopium is back on the menu for 2020 and 2021.
Congrats to all here ahead of the herd.

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The book is a trading 101 for sure.

I’d bump that WMS. Some other good summaries to be had over the last few months to all new PIs.
Before the one line rampers arrive in force.
It’s been nice reading all of your positive inputs ladies and gents over the last few months whilst the ship steadied.

Could do with a spitfire comment to kick the week off in style though?

After the weekend we’ve had, is it wrong to hope that the next few days does NOT bring an RNS?

I’d rather we have a few days of price action, and new investor interest.

Morning splatted - Probably the single most notable week for worldwide crypto adoption since I’ve been in crypto (3 years).
What a weekend of price action for ARBs mineable assets.
Would anyone have wanted to be out of ARB over the weekend? Let’s see what the next few days have in store.
Question is - targets on an ARB re-rate and how quickly?
My shares are not moving until the bull run peaks, so I’ll be lurking at least a couple of years.

It’s weekends like these when you start looking forward to the week ahead in ARB.

Impossible to draw any parallels between administration routes. Will have to wait for the phase 3.
Overall - the LT sequelae are magnified with IV. Nebulised systemic effects are minuscule. As per corticosteroid use.

My thoughts are it’s a combination of the appointment and TLD’s departure. Last of the old guard.

This seems very leaky...
Pretty sure we must have something like director buy and results RNS’ incoming.
IMO GLA DYOR

Looks like we're heading towards another test of our resistance levels.
If that translates to interest from new investors to ARB - we will see.
I've topped up some more at these levels.
DYOR GLA.

AJB - seriously... I think you must have accidentally added an extra nought to their salaries there.
PW and the BOD have my support. Our time will come ARB Hodlers.
Hope tomorrow is a nice steady day.

Sure thing - I’ll LEND you some REP, so you can BAT them some BTC to CEL.
Night all.

Do you really think the day-after-day seller cares about fundamentals? Suit the environment, fit the narrative.

Is BOD share buying the only metric we are going off nowadays? We’re in the midst of a pandemic. Look at the vids and social media and make your own minds up - 2019 vs 2020.
Ok - I’m not being obtuse it would be advantageous for PIs to hear the news, but the share option price for them is way off.

I’ve read some negativity. If some of you are thinking that some on this board are being over-bullish on ARB, check out the prices of the ASIC and Antminer machines that we hold, multiply by quantity held. Extrapolate how this values to our margins and profits to date and it’s a no-brainer from me. Just the machines alone are worth more than our MCAP (2nd hand). My own opinion. Happy for dialogue. GLA

In terms of your assessments on margins being affected by less difficulty and more efficient miners you are wrong as the hashrate is no higher than Feb. Everything is offset by mean price of bitcoin this year.
Sour grapes on selling up me thinks.
No comment on HUT8, but wait till the IIs buy out miners is what I’m saying, Argo not excluded from this.

I’m similarly in a buying mood - adding 100k tranches every 10% drop at the moment. I really hope my fundamentals radar is on point. Really struggle to see the down risk at these prices. GLA DYOR

Was thinking the same thing Sniffer. GLA DYOR.

I mean look - we’re in the ‘money‘ generating game and the SP value and belief in the stock is only going to be influenced by 4 factors in my opinion:
a) Do we believe cryptocurrency is an asset class to challenge the established assets?
b) Do we believe the price of said crypto asset we mine will appreciate with time?
c) Will there be mass adoption and will we as PIs capitalise by owning stock?
d) Are Argo a mining market leader?

Answer yes to all 4 - you’re in the right place. Answer no to any - cut your losses. The AGM was pretty self-explanatory and the BOD may well capitalise, but I mean it’s not a very dynamic space is it? It’s like overseeing a mostly autonomous factory in many ways... Anybody differ in opinion?
The only thing I’d like to see is some skin in the game from the BOD, I mean Timothy is on the holders page but I now own more than him! The rest of the naysayers can be left in the playground.

Just saying - my opinion.