Member Info for Blubay

"Never listen to the shorter"

You should always listen to the shorters, it's important to know whether a share you're invested in is subject to organised shorting. You don't need to believe the FUD but being aware of it is not to be ignored

In practice, ARB has closely tracked BTC price movement during that period

Since 24 January ARB has been the least interesting share movement of all the miners, less drop, less volatility (+7.5 compared to -22% for MARA, -23% for RIOT and -25% for HUT). You'd have to be mad to keep shorting a share that's maintained value for a whole quarter when there have been such good pickings elsewhere. Everyone knows the sustained short interest in Argo is actually supporting a long.

"ill give you a clue $$$$$$$$$$$$$$"

Sure, but your short hasn't made any money in ARB since January and the only rational position would be share accumulation at these prices

Note that the machines are still scheduled for delivery-installation between now and October (end of Q3), as planned.

Phase 1 of Helios covers both 'Phase 1 and 2' of the original IPO prospectus (200 MW rather than 100MW)

The anticipated hash this year is now 5.5 EH rather than 3.7EH (a 48% bonus)

They've done well to get the whole new facility up and running, on time and budget in less than 12 months, and with machine deals in place to raise the hash well in excess of the target's originally set for this year, without further dilution.

The business plan seems to be progressing well and according to plan. I find Argo's approach of under promising and over delivering a more sound business practice than the tendency of the competition to over promise and under deliver. Does nothing for FOMO on the share price of course but the fundamentals and building blocks are lining up very nicely. Hash rate near enough as promised last year and now on track to meet this year's target, with strong likelihood of knocking that out of the park with the anticipated added value to production process. Grand opening time tomorrow. Happy days.

The level has been too sustained for a random variable, the former is of course possible also

Grand opening scheduled very soon ;-)

They do both, balancing between them, i.e. selling BTC and borrowing primarily against infrastructure, very sensible and sensitive to market sentiment

Given that the plan was for 3.7EH by end 2022 and it’s now 5.5EH that’s a huge bonus, and non-dilutive.

Terrapool now showing 1.4EH (up from 1.1 yesterday)

are you trading outside an ISA, or looking for one?

But mostly the problem stems from lack of market interest/liquidity

Sure, everyone is concerned about the long standing short interest in Argo, and being shafted by their own underwriters.

"NOBODY sells at a loss unless they desperately need the money"

Don't be daft, EVERYONE sells at a loss if they can see a better use for their money elsewhere, either short term or long term.

But yes, I agree that selling ARB just now would be foolish, while news is imminent on Texas completion and publication of full year accounts.

Because, as usual with your posts, it is totally without logic or foundation. Posting magic numbers in a message heading with any kind of context or explanation is just pointless. What's the point? Your only purpose in coming here, like Mysteryguy, is to fill up a discussion board with negative thread headings. It's a very tired old game and really no one takes the slightest notice.

@Mystery - no-one was duped. You made a mistake, you lost money. This happens every day in the market. Please, just grow up, take responsibility and stop moaning.

Yes, it's a slightly moveable feast depending on your definition of completion in each stage of development. The original schedule was to complete construction of the building by end Q1 (now) and move to 'commissioning and testing' in April. That seems to be broadly where we are, on track with the operational team already on site and ready to get cracking, but everyone still running around in hard hats and vests (which suggests construction guys still in final snagging this week). All looks fine to me in terms of original timescale, give or take days

Who is pumping a stock? Cash transaction really isn't the main use case for BTC. NFT developments have huge market potential but that really doesn't negate the use major crypto currencies, which are seeing increasing levels of institutional adoption. There isn't a zero sum game between fungible and non-fungible assets, both are expanding. NFTs are at an earlier development stage and probably will see faster % short term growth but that's not the death of crypto