Member Info for Blubay

yep, that was some buy for someone, half a million shares at 112p!

If you were 'expecting' 50p then you were misguided for a first drill in virgin territory. There's hope and there's expectation. Keep up the hopes :-)

The helium prospect remains excellent, the drill campaign remains adequately funded, there is no reason to reduce share valuation, the analyst reports back all this up, that's all you need to know really.

I note that previous to their merger MTI "bought additional land in the Southeastern U.S. and plans to scale to 50 MW of renewable mining by the end of 2021".
https://datacenterfrontier.com/the-greening-of-cryptocurrency-early-players-in-sustainable-blockchain/

"They often react in the same way as PI's"

not if they are tracking a pre-defined index, as Mike has so diligently shown with his data

I don't think any fund manager would give the time of day to something as fabricated as the Boatman short report. Institutions continue to be the main buyers and accumulators in ARB during this period with no signs of stopping

Not trying to be pedantic but just pointing out that they will have pulled off an absolute blinder if they are the only North American miner to have ticked the ESG boxes when their shares are launched on NASDAQ in competition with peers.

"I've seen enough to know that Argo will flourish when Bitcoin flourishes during the week 8 am - 4 pm"

I doubt it will today because it just doesn't track BTC on an hourly basis and because it's not likely to move a great deal until other market uncertainties are resolved, which they will be soon enough, then it'll fly.

"A canny move by PW in positioning Arb as the miner of preferred miner of choice for II's to invest in"

...positioning ARB as the *ONLY* miner for IIs to invest in during Q3-Q4 this year, at the peak of BTC price growth...

With respect, you're wrong Kyle, you're looking at the situation from a short term private investor perspective. That is not going to get us to the next level as a company. The NASDAQ IPO, and all of the uncertain pain we have been going through, depends on attracting massive institutional investment. The NASDAQ launch needs to hit the existing crypto/tech buyers (who might be slightly saturated currently) and expand to new buyers. The ESG fund market is absolutely critical here, and completely untapped by any crypto miner so far. Those fund purchase teams are now eyeing up their Q4 and 2022 investment strategies. If they can find a way to legitimately buy into the gains from crypto then they will but there has to be a stock that fits their strict criteria. The recent RNS statements have only one purpose, to tick their boxes on gender mixed board of directors and carbon neutrality before the NASDAQ shares are launched.

ESG fund compliance for investors eyeing up the NASDAQ IPO

"I am thinking we now have 3 probable income streams from Texas"

To build a future proof growth company long-term strategic investments need to give Directors need choices and flexibility in changing market conditions. I would have thought the ability to trade off these options against one another going forward was a prudent way to build such large capacity with some security. Would be great if they also had plans to harness heat capture in some useful way.

I can't see any change in investor behaviour before the NASDAQ listing is announced or details of Texas are released (these might come at the same time). Until then, the funds will keep buying shares and the MMs will keep accumulating them while private investors are sitting back out of uncertainty. When it moves it will move fast.

It's all about the investment funds. The key ESG funds (environmental, social and governance) in the US can only buy NASDAQ listed shares. It's vital that ARB is positioned as attractive to those funds before issuing shares on NASDAQ.

Yes, I think hosting power generation on site was always part of the Texas plan (given the number of acres involved). I believe this gives us choices to safeguard our supply or to diversify by selling excess capacity to grid

low volume holiday trading and continued accumulation of shares prior to announcement of the IPO

@Chuz - ARB’s usp will be as a leader in a more general move by North American miners. Setting up the ‘global’ Council was a first step in that. I imagine others will follow or mimic the paper credentials. However, this is clearly a key step in clearing a path to the NASDAQ IPO, it makes the shares an obvious bait for the institutional fund investors who will be needed to make that a success.

There would be lots of reasons to suggest there is good investment value here and last week's analyst research suggested a current share value range of 240-250p with high potential for future growth.

The 'market' is buyers and sellers, so it will not 'prevail' until considerably more buyers start buying ARB shares

Having said that, on Friday 48.93% of the OTC volume was on short interest (but that's just 200k shares)