Member Info for barnetpeter

Struggled at 1p. Broken above now but may see sellers now. I see 1.2 by the end of the week if this holds. Every chance of much higher on good news

Yes I wanted to see 50 million p I’m lacing so they clearly struggled to raise more. Arb has a lot of debt all secured on the business with crazy interest rates. Arb is very high risk and could go broke at any time. Holding some myself but as a free roll only. Sad really …all that money gone.

Two 20K and a 15K buy just through...... huge vol day. Again. If this falls back to 20p the buyers will pile in

Looks cheap esp after Angle move 4 bag in days.

Back to 10p

I bought Angle from 60p to 12p. I dont dare look at where I am because I might be tempted to sell. Could explode in 2024. Can see this racing up to 80p in weeks.

No. Not enough volume. Trebled on some of mine now. 3 pence is easily possible on good drilling but that is not a certainty so breaking 1pnce will be tough until we get news.

Arb was 3 pence. What a rally!

Every chance of the price collapsing if the halving goes badly or the ETF is a disaster or a meteorite hits the Earth or a placing at a penny or Bitcoin is barred. Or anything really. Nothing wrong at all with selling and hoping to buy back cheaper. What price will Arb be next January? No one knows

Arg has had a huge rally. Nearly 200 million mkt cap. Way overpriced imo. A pullback was inevitable. Btc is holding at 45. Just very volatile nothing more

A placing methinks. These sudden tanks often mean the mkt has got wind.

Good thing too. Get that debt down.

Harchris....you are probably right. But Arb must be under a lot of pressure to raise cash to reduce debt at this time. We know how volatile bitcoin is and the company only has modest revenue. Even after this rise in BTC. Anything would help. 15 million would help. Arb is up from 2.5p to 35p in a year on nothing much (the rally in bitcoin apart).

My suspicion is that investors buying at this type of price are going to get burnt one day but that is their problem.

Dont be daft. This is not the same arb as a couple of years ago.

Two years ago Arb had around 2500 bitcoin. Now they have ....21 bitcoin.

A couple of years ago Arb had a huge pile of cash. Now they have a pile of debt.

Arb is at a near 200 million mkt cap. That is bonkers for a bankrupt company.

Still holding some. My head tells me I should sell but maybe we will see 50p on the ETF. I wish the company would do a 50 million £ placing this week. This would reassure the mkt big time that Arb is not going bust before the halving. Watching for a primary bid offer.

My biggest winner of the year was Arb. Again. Three times in 5 years. This time last year it was just 2.5p. Previously the stock price was just 3p and it went on to hit 380p as bitcoin soared in value many times.

It made me think. So many experts have lined up to say whatever you do dont buy bitcoin. No because you might make serious money. Better to put it in funds which in the last 15 years have done nothing. Apart from paying commissions investors have made zilch.

The reality is that Arb has made and lost serious money over those 6 years. From stock of the year in LSE to close to bankruptcy. 2024....I reckon we will see 80 to 100K in 2024. My prediction. Going to be crazy. I have bought and sold crypto stocks a lot in those 6 years....but somehow I feel 2024 is going to top the lot.

Sure but it was 12 then. A month ago. Today it hit 50.

No one cares about you or your money. Not the Board. Not the majority holder. If you dont understand that you are either an idiot or a novice

Wildcat is up 4 fold in a month on .....nothing much. No cash, no agreement signed.

Mind you, these small caps can soar so 0.75 next week is possible. Watch out for a placing soon though. I have taken some cash out. Too much too soon

You may well be right. That would value Arb at a quarter of a billion pounds with no cash, loads of debt and just 21 bitcoin. Two years ago the company had 2500 bitcoin, stacks of cash and no debt.

But momentum is a big thing.

You could have bought last December at 2.5p so a 12 bag.

Two years ago in November the Company owned 2,128 Bitcoin or Bitcoin Equivalent.

Thin not think.

The company held just 21 BTC in November.

I suggested this might hit 25p in these think markets and it broke that today.

That was nearly £140 million market cap. That is a lot for a company that has few assets and a big debt and a handful of bitcoin.

I sold a good few today at my target price. still could see 30p plus. Those buying seem to be looking at the old prices of 300p plus but of course this is not the same company. The old company had no debt, a thousand plus of Bitcoin and millions in the bank.

I am not telling any one what to do. But if you are new to this def have a look at the history. Meanwhile this stock is up over 10 fold in a year so those of us who bought in at near the lows have done very well. Mind you, a fall from around 380p to around 2.5p in just over a year or so tells a story1

This time last year you could have bought Arb at just 3p. Then a rally up to 16p then back down to around 6p before this move to 17p. So for Arb followers it has been a good few moves. For those who bought at prices between 100 to 200 up to 350 plus I suppose nothing much. But for traders it has been a good year to buy low and sell high. Not much has changed I reckon. The company is still broke and has too much debt but it could hit higher before 2024 …20 pence or even 25. Don’t be afraid to take a bit off the table though imo