Member Info for Billfunk1

Yesterday's flash crash and lack of a recovery is a buying opp for London. Sadly London being London I expect them to sell it off handing the opp to the US this afternoon.

It's great we are finally getting recognition and decent price action owing largely to our American brothers. But 1.075EH will only get us so far even in this market. At some stage PW will have to announce expansion plans. I would suggest an offering at around $2 would be the best level. Hopefully there is spare electrical capacity out there and he can source ASICs from CAN or EBON. I think 3EH needs to be the minimum by EOY 2021.

I'm still waiting for Martingdale's valuations of Mara, Riot and BTBT and their relationship to Argo.

I was very polite today, after being criticised last week for hurty words. Yet they still walk off mid convo.

Until the US accumulates close to 100m volume the UK will still have the whip hand here. Just be a case of multiplying the UK price by 1.35 for another week or so i would have thought. But I'm open to being pleasantly surprised and one of these days the worm will turn.

It's hilarious. this is simultaneously incredibly overvalued (if you are British) and insanely undervalued (if you are American).

Yes I hold btc cold storage on a Trezor wallet. I think they are about £50. Or there is a newer version compatible with many more altcoins.

I just listen to the market rather than each individual's own valuation method.

How would you value Mara, Riot and BTBT, for instance?

Yes Martingdale, output falls June to Nov because of increases in difficulty. All miners are equally affected. Mara, Riot, BTBT continue to rise.

Weekly RSI went red 5 times during 2017 run including Dec 2016. It basically lived there for a whole year with the occasional dip. We have been there once this run.

I wonder what the RSI looked like during the bull run of 2017?

"so the market continues to factor in a margin of safety to Argo’s share price"

Not in America it doesn't.

Prior to the 18th Dec that was still being disputed on this board, Herbie. I remember hearing arguments to the effect that it was not a silver bullet and examples of UK companies who had not prospered over there.

Herbie - this 6 fold has to do with two things: btc rise AND US OTC listing. Without the US listing we would be under 20 pence IMO.

The ECB announced a E1 trillion COVID receovery package.
The Americans are discussing a $2.5 trillion (?) stimulus package
UK anticipate the best part of another £1 trillion of debt

All this needs to find a home somewhere, preferably deflationary. So like with the tutes buying, I am holding BTC whilst they continue to inflate.

Don't worry so much about the price just watch what the Institutions are doing. Whilst they are still buying I am still holding.

Has PW given any indication of doing a reverse split here?

Might help the price move a bit quicker.

All these guys on the BOD should have crypto held in cold storage. It goes with the territory. The question is why they think it's better there than here. These crypto stocks have to function as amplifiers or else people will just go and buy crypto direct or else leveraged treasury stocks like Microstrategy or Galaxy.

To me it suggests the guy doesn't have a great vision. The value proposition will still play with the listing upgrade but the dreams of this being a serious US player on the Nasdaq have just dipped under the horizon IMO. No way he would be selling now if he thought that was on the cards.

I bet PW is delighted we strong armed him into that 20k purchase because it's now made his decision to dump these 1.8m look alright to new investors.

Lol

McSquares - I read it as he sold the lot of his warrants and retains only the 570k he bought earlier in the year when we had to practically drag him by his hair to the market to buy them.

Have I misunderstood?

Phoebus - he would only have had to sell just over a quarter of them, maybe a third to cover all his costs though.

So the question remains, what does he think is a better home for his money than Argo? I might consider investing there given the guy who has all the info on Argo thinks it's worth it.

Because the warrants did not obligate him to sell. So he must be selling here to put the money elsewhere. I wonder where it is our CEO thinks is a better investment than his own company?