Member Info for Blubay

July and August both on the 3rd, previously within the first week depending when weekend falls.

usually in first few days of the month, could well be Monday or Tuesday

I see Visa are building their concept for inter-platform payments using the ETH blockchain

Interesting, 'when can I open a short' seems to be the first question on StockTwits for IPO companies these days

yes, I'm hoping to see equivalent coins mined to June figures (167?) and better than that will be a positive.

I’m not sure transformational is necessarily the word. It will make a considerable difference and create a breathing space of a year or two to prove the low risk business model is sustainable/repeatable with other acquisitions and projects. The residual attic well itself will have diminishing returns, and future oil prices will decline also. Yes, it’ll transform the numbers short term but the second, third and fourth successful projects will be needed to transform confidence in the underlying business model.

Argo by numbers looks good and significantly undervalued for anyone entering at this price. The business is in a good position on the fundamentals, highly profitable, large liquid assets, and practically debt free. It would have been madness to sell BTC hodl prior to peak price prediction (considering it might triple this Q4) but every chance to cash in a portion during that demand rise if it happens. The BoD has investment choices, which is an enviable position. They can sell hodl, borrow against it or raise more share capital, depending on market conditions. But they do need to deliver on their growth plans, increased hash, immersion and overclocking technology, customers for the pools, making smart diversification investments/takeovers/mergers. All the main miners are living on promises at the moment, which is OK in a growth sector but performance data is also becoming increasingly important to their SP movements. Hopefully our September figures will look respectable when the RNS comes next week.

@BOO - "I'm invested in ARB but seriously thinking of switching to ARBK as the movement of that stock seems more normal!"

the markets operate independently but are obviously interdependent as they trade the same underlying stock. but the trading is managed very differently. The MMs have far more control on LSE than on NAS, partly due to the difference in volume/liquidity but also because we trade in London on SETSqx (Stock Exchange Electronic Trading Service – quotes and crosses) which involves time scheduled auctions/uncrossings throughout the day rather than continuous trades.

To be fair, Q3 has been a great top-up opportunity, which is what all the institutional investors have done throughout with final day of main fund purchases today for Q4

Good luck to everyone who survived the squeeze, hold onto your hats as Q4 is what we’ve waiting for ;-)

"DR% of Company Market Cap"

mainly they're 'well funded' because they failed to deliver on the 2021 pledge to drill 'a well a quarter' this year. Good to see it's still available though.

@Moog - “ not talking about directors talking about the great leader PW”

In case you hadn’t noticed, he is a director, acting/interim chair of the board.

on NASDAQ you can just select 'short interest' https://www.nasdaq.com/market-activity/stocks/arbk/short-interest

They did raise loan on the BTC hodl from Galaxy, twice, which will be repaid in a month from the IPO capital raised. This will leave the company debt free, which is a pretty enviable position for an 'early growth' company with kind of the profit margin ARB has.

Any number of the total issued shares could be 'deposited' with the company's bank in London for sale of 'receipts' in the USA by the underwriter there. As these are locked up for that purpose they can't as easily be moved back and forth, in the way that shares sold on OTC might be (in theory).

@King "A few considerations:"

nice post, well considered. You're right that one field can't be viewed as a sustainable future. It's very a welcome cash cow hopefully but more like a proof of concept that the company can pick winners and realise asset potential. To sustain anything like mid-cap that needs to be repeatable for other assets, and really that's the business model, drawing on the BoD's high level of experience and expertise to make the right strategic calls and then being able to execute them efficiently. Until that's established longer term as a pattern then it's likely to be a bumpy road for a while longer with anticipation rising up to each new acquisition or spud and then dipping back on profit selling. One success will be great, two in a row would add confidence, three would be preferable to prove the point. That's not easy in a risk business but having a clear strategy to minimise that risk is part of the USP here, I think.

if you chose not to de-risk the IPO event because you felt it makes no difference long that's fine but why complain?

"Why would I I'm sitting average of 17p long that's not de risking that's plain stupid"

err... basic arithmetic? It makes no difference whether your average entry price was 17p or 270p (other than pride posting). The value of your holding, or the number of shares you hold, will always increase if you sell at a higher price and buy at a lower price? You're averaging. You still end up with more value per penny invested.

"Long term holders are many percent down and new holders went up at lest 10% in a matter of a few hours"

If you were concerned about the risk then you could have de-risked the day or two before the launch when the anticipatory spike started to lose momentum and then bought back in to average down. Lots of people did this.