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Why would there will be 500% inflation in the next five years?

@skittish - it will not be 100p ‘in a day or two’, one step at a time, drill programme through to the autumn, see where we are then.

Crypto is still a small minority pursuit of early adopters that is only just breaking into established financial institutions, still early days really. No one is clear yet where the tech will sit in the existing financial systems (mainstream or peripheral, as currency or store of wealth, native or leveraged, etc etc). Probably all of the above but we’re still at the disrupter stage really. The interesting part will be to see what tech system innovations come off the back of blockchain rather than which coins hold their value. These BBs are echo chambers for early adopters, talk to your average Joe/Joanne about Bitcoin and they won’t have a clue yet. There will never be enough BTC for even the richest in the world to own one each, they’ll be like Faberge eggs before long! ;-)

That’s about the size of it. It might or it might not have a marked effect, and sudden moves are often balanced out over time anyway. There are perhaps differences in the business and operational models between the two companies but significant gain from NASDAQ probably makes more sense when Argo goes to the next stage of its tech company development. Impossible to say I guess. ARB will be probably be a £1bn cap before the end of this year either way.

@Truth - £44k seems a fairly large vote of confidence, what changed your mind after backing UOG? (“looks like the better value to here without the risk” you said recently…)

Yes, auctions are not for private investors.

Or watch this
https://www.lseg.com/markets-products-and-services/our-markets/london-stock-exchange/equities-markets/trading-services/trading-services-video-resources/what-auction

https://www.londonstockexchange.com/discover/news-and-insights/what-auction

If you're having to ask the question then no, it's not for you.

Relative chart since January https://imgur.com/8OjhpD2

@Ant - "At some point, the ARB/BTC correlation is going to kick into gear and drag ARB down"

more FUD as usual, ARB is still well correlated with BTC at the moment and maintaining a heathy margin. Still 30% up on BTC since January. As long as it continues to track in that way we'll all be very happy when the next rise comes.

Listen to DM's interviews this week. The mud show is relevant because it shows that the geological 'system is working' as expected. We know the helium is there and we know the trap structure is there. With no gas leaks at surface and helium present at 70m depth the assumption is that there is an effective seal so far and we can expect traps at the lower levels. The sample testing/calibration, wire line data and flow tests are all needed still as we go down but there is clear ground for optimism.

Brokers notes posted below - worth a bump for anyone newly invested...
Tennyson - NAV 8.0p
Optiva - indicative 12.1p (conservative 6p)

Never instruct other people on their investment decisions, and ignore anyone who tells you what to do. There's nothing at all wrong with de-risking on risky holdings when they meet your criteria for return and when subsequent outcomes remain uncertain. Personally, I was happy to take a top slice here @ 25p this morning (I had targeted the previous NAV risked value for that) so I could move some profits into another share but also happy to keep the large part of my investment here for the next chapter. DYOR and buy/sell when your own personal strategy tells you to.

Ha, you know me too well ??, think that’s about to pop!

Ha, you know me too well ??, think that’s about to pop!

I was top slicing a small amount at 25p for another investment and couldn’t place a sell for a while due to the volume.

Thanks for posting the assessment, that's helpful, saved me some digging.

…I would of course hope to see ARB’s leverage margin increase on BTC as it’s production/profitability/hodl increases.

If you want to track movement in ARB against BTC then I would calibrate from about 8 January as a start point (that’s about the best fit of curves). Where we are now is roughly the margin of leverage I would hope for above BTC as it rises (no guarantee obviously). I think calibrating from March might be misleading as ARB was relatively over bought at that point.