Member Info for BarneyR

@Itaforever. Sadly yes. But look at the positive aspects. Since 2nd February 2020 we have a vastly increased BTC holding, promoted our drive towards green BTC, have significant profits looming from our Pluto Investment, Texas well and truly underway, the benefits of increased exposure from NASDAQ. cash in the bank, strengthened the BOD (apparently) and I'm sure there is plenty more I've missed. I have continued to buy shares throughout but stopped averaging down at £1.40.

This is what doesn't make sense.
On 2nd February 2020 ARB was £1.10. Nearly 11 months later despite the excellent news flow above, the SP is languishing at the same level now. Can anyone give me a logical reason why please? I have never seen a SP underperform the good news flow in the way ARB has. And before anyone throws out insults I'm not a troll or deramper. I have till not sold a single share - unfortunately. Diamond hands have not worked for me at all. Had I had paper hands, my paper loss would not look anywhere near as bad as it does. As I have said before, I'm happy to let it ride for however long it takes (I don't need the money thankfully), but I just can't work out why the share price performance since February has been so dire.

Cheers. :)

Superb Chaebol. Very talented! ;)

Unfortunately it's no surprise someone comes in dig. That is what I find sad!!

Well done on your creative flair and MARA!!

That was a grown up comment seethreeIPO!
Just so you know, I am an MD of my own private company, and a darn site wealthier because of it. I chose not to IPO our company for good reasons. I can draw what I want without being answerable to shareholders or feeling guilty about it.

Maybe one day I'll show you my car collection.

Thanks Jayblu.
Wow. I hadn't realised PW had sold two large tranches. I haven't checked what percentage he has sold from his original holding but it must be pretty substantial. As Flowerpot says it didn't exactly inspire confidence especially with 2 other directors also selling ahead of NASDAQ. Not that I can blame him. It was a life changing amount of money compared to his previous life. I would have probably done the same had I run a PLC. Family before Shareholders.

Hi Jayblu. :)

'follow the money, PW gave the signal, but ignore PW also sold at 29p and recently bought at $19.'

Although that is correct, I believe PW only spent c.100k at $19, having cashed out substantially months earlier. Certainly not a large enough trade to encourage the masses to follow him in.

Excellent point Amanesia. I forgot to include BTC!! This going parabolic should also lift the SP. :)

My pleasure Chaebol. Haha. We certainly did. NASDAQ was supposed to put us on the map, open us up to new institutional investment but the adage 'it's better to travel than to arrive' prevailed unfortunately.
Totally agree that Texas is what we are holding out for and of course Pluto as and when that IPO's. In both cases we have a while to wait though so I'll be checking in monthly, or maybe quarterly!!! ;) Good luck too.

Thanks Chaebol. I agree with you, and obviously the SP performance since Feb does not lie. I don't see anyone blaming the MMs now.

Regarding selling at breakeven I will certainly reduce my exposure - maybe even before breakeven. This is not because I'm negative about the future of ARB (the fundamentals haven't changed - just the timing and execution of them). It is purely because I am over exposed having bought more than I should have done on the way down to £1.40. I do however expect a recovery once Texas is up and running.

Hey Splatted. Hope all is well. I'm glad this one has worked out for you. Absolutely all to do with timing and yours was certainly much better than mine - and many others.
However, if you recall when the SP was trading in the £2.50 range it was being talked up to £5 and £10 by many. Increased mining, fund raising, impending NASDAQ listing (the alleged holy grail), Pluto, Texas etc etc. Sadly none of these elements made one iota of difference.
And anyone who dared say ARB was overpriced was lambasted, abused and filtered. Even I filtered a few!! The truth of the matter is that from February 2020 this has become an horrendous ride despite all the positive company news. The only negative news I can recall was Peter Wall cashing out over £1m worth. Good luck to him btw. No issue with this whatsoever.
Thankfully I can afford to sit on my hands for the next few years, because I suspect that is how long we will have to wait to see the SP recover to ATH levels again. And before anyone says I should sell up, there is zero point in doing so being 55% down.

Same here. It has become my biggest paper loss in 30 years of investment.
I am not chasing it down anymore. I am also not selling any and will sit it out until it finally comes good. Definitely not quarters. More likely years unfortunately.

Thanks Bullmarket. I think my initial post was only fair given how many are under water here. Hopefully it will make others feel better about their own position. Eventually it will come good and I'd just be pleased to break even.

Great post Lottohopes. It definitely rationalises the poor SP performance since Feb 2021. In addition to the things you have mentioned PW's large sell when we were on an upward trajectory didn't help either. Not that I blame him for cashing out!

Hi Money_nvr_sleeps. Thanks for the response. To be honest I worked out the forward P/E's based on what was coming and £5 per share seems reasonable when we were sitting in the £2.20 to £2.50 range. I certainly didn't expect it to go in the opposite direction.
I have done exactly the same as you also investing in BTC which is nicely in profit but the lion's share sits with ARB in my ISA which looks horrendous currently.
Like you I believe BTC is here to stay and in my view it won't be too long (a few years maybe) before we see mass adoption. So it really is down to timing (patience / sitting on our hands) but I really hope you are right with the next bull cycle. It will make me feel a lot better about the investment if we see a gigantic spike in January / February 2022. :)

Hey all. Hope everyone is keeping well. I haven't posted for quite a while now, but have read other posts with interest.
I totally get those who are disillusioned with the SP performance and find myself questioning my decision to not sell any of the shares I hold. I recall completely roasting someone at some point saying lets see where we are in December. Needless to say he was right and I was wrong. And if it makes anyone feel any better I have just worked out that my average purchase price is £2.26 (I thought it was lower but alas!!) and my paper loss currently stands at £64,599. So although I'm going to hold tight and sit on my hands I do find myself agreeing with comments from Pops, Chaeball and The Chuz. I find it incomprehensible that the SP is where it is, having peaked at over £3.00, considering the major fund raise, NASDAQ listing, Quiet period over, BTC recovery, Texas being built, Pluto investment etc etc.
The adage 'Sometime it is better to travel than to arrive.' holds firm here unfortunately. "Quarters and Years" feels like it's going to be Years rather than Quarters. I love that some of you are still so bullish and I really wish I shared your optimism. Hopefully you will be right in 2022. GLA.

@ Walkabout. Haha. I was just typing exactly the same thing! US up 11% yesterday. Demand just isn't here in the UK judging by share trades so far!

Well BTC is up over 12% in a week so there is no reason for us to be still stuck in the £1.20 - £1.30 trading range - especially with our enhanced hdling. I'm expecting £1.35 - £1.45 today and a very strong Q4. GLA

Very excited to see the market suddenly wake up to what is in store for VLRM. A series of positive RNS's are due before the year end. Maybe even sooner than we all think. Now the GSX news is out, there is limited downside and meteoric upside. I am not waiting on the sidelines. GLA.

It could have been worse johnnykipper. You could have bought BEFORE the NASDAQ listing - like me! :(
Mid 120s is an excellent buy-in price and better than the majority on here. I'm sure it won't be too long before you're in the blue. For me it's potentially quarters, but more likely years.

Thanks both Fireblade23 and Eddie563. The comparisons were from CNBC's closing prices.
Just to confirm I still have not sold a single share, although at times I wish I had during the last 6 months.
I can't remember the precise date of the PW "Quarters and Years" quote, but I believe we must be approaching the 3rd quarter now. We have hit virtually every mark (successful fund raising, BTC Mining figures pretty much as expected , excellent margins, green BTC, BTC hit an ATH, NASDAQ done and dusted, Texas on track, Pluto pipeline) which makes the horrendous (sorry but that is this is what it is) SP performance since February / March all the more baffling.
As the Chuz says, this is not MM's playing games. We are simply not in favour and on that basis roll on 2nd November!! Hopefully PW can restore some confidence here. GLA.

Is the 'quiet period' the reason why we were down 7.3% in the US today, compared to Riot's 1.41% and Mara's 1.85%?
Or is there some other underlying reason?

Thanks in advance to anyone who knows the answer!!

Yep. Only 16% up on the day but there is more news to come. The company has already said that there will be a string of RNS's. Today's news was just the hors d'oeuvres!! Bound to be some profit taking but those sellers will be regretting it very soon. GLA