Member Info for Blubay

@AdeleK - I think that's a fair analysis and a sensible position. ARB looks like a strong company consolidated at a good entry point, which is probably where it should be if it's going to tempt the kind of investors needed for the next stage in its development. If BTC is going to follow the monthly peak cycle model then likely that will be towards the end of this week or next (followed by whatever adjustments fit the options due on Friday 28th). A good SP entry point and a high BTC price would be the sweet spot for pitching to new markets.

Let’s hope they’re trying to fill orders or holding shares for a higher sell this afternoon.

And what do you think that make’s the value of the company worth today? Is it worth $100m (26p) or $1bn (260p) or somewhere in between?

Bid / Offer
80.80 / 80.90

Excellent presentation, really well argued

https://www.coindesk.com/team-behind-argo-blockchain-launches-london-listed-defi-fund

Gold price bumped up ahead of US news

"In this case buying the miner was better than buying the asset by quite some margin."

I completely agree but as it's not a direct linear/multiple relationship it makes little sense to fret over discontinuities between the SP and the price of BTC. They'll both go up over time and hopefully ARB will go up more.

At least there's been a bit more activity this morning around 170 than recently

tradeTime currency price volume tradeValue type micCode tradeType venueOfPublication
2021-05-06T16:07:56.000 GBX 179 402693 £722,431 Off-Book XOFF N ECHO
2021-05-07T07:04:08.540 GBX 170 100000 £170,000 Off-Book XLON AMND P LRGS XLON
2021-05-07T07:04:08.540 GBX 170 100000 £170,000 Off-Book XLON AMND P LRGS XLON
2021-05-06T15:36:14.000 GBX 179 84941 £152,384 Off-Book XLON N XLON
2021-05-07T07:04:08.540 GBX 170 75000 £127,500 Off-Book XLON CANC P LRGS XLON
2021-05-07T07:04:08.540 GBX 170 75000 £127,500 Off-Book XLON AMND P LRGS XLON
2021-05-07T09:20:05.950 GBX 169 59258 £100,014 Off-Book XLON P LRGS XLON
2021-05-06T15:35:27.000 GBX 179 55096 £98,842 UT XLON N
2021-05-07T09:02:35.550 GBX 169 50000 £84,300 Off-Book XLON P LRGS XLON
2021-05-07T09:01:53.047 GBX 169 50000 £84,688 Off-Book XLON P LRGS XLON
2021-05-07T08:00:09.157 GBX 170 50000 £85,225 Off-Book XLON P LRGS XLON
2021-05-07T07:39:09.030 GBX 169 50000 £84,500 Off-Book XLON P LRGS XLON
2021-05-07T07:22:41.143 GBX 170 50000 £85,000 Off-Book XLON P LRGS XLON
2021-05-07T07:18:11.850 GBX 170 50000 £85,000 Off-Book XLON P LRGS XLON
2021-05-07T07:04:08.540 GBX 170 50000 £85,000 Off-Book XLON P LRGS XLON
2021-05-07T08:42:12.633 GBX 170 45919 £78,177 Off-Book XLON P LRGS XLON
2021-05-07T09:43:00.493 GBX 166 40000 £66,500 Off-Book XLON P XLON
2021-05-07T09:42:50.473 GBX 165 40000 £66,000 Off-Book XLON P XLON
2021-05-06T15:36:20.000 GBX 179 37131 £66,613 Off-Book XLON N XLON
2021-05-07T09:31:12.877 GBX 169 35620 £60,091 Off-Book XLON P XLON
2021-05-07T08:27:35.613 GBX 170 35461 £60,418 Off-Book XLON P XLON
2021-05-07T10:00:18.307 GBX 170 30000 £51,060 UT XLON P

@RobertCollier - "This will soon be heading up beyond £4 so enjoy the ride. Good luck to All...... not that it's needed as this is a given. BTC stock to flow has all the answers."

'all the answers' is quite a significant level of assumption

Do you mean as it is trading 'right now' or as it should be trading at some date in the future? What number assumptions are you using to estimate that 170 is a 70% discount 'right now'?

@Magnum.PI - if you want your investment to track the price of BTC then just buy BTC. If you want a promising business investment that might or might not continue to outperform the trend of BTC then buy ARB. Don't expect ARB to track the daily movement of BTC.

Yep, unfortunately the growing pains of developing from a traded penny share to a larger investment stock can be absolutely brutal for PIs. The only way the necessary institutional investors are coming on board is when there is (a) sufficient stability to predict margins of return, or/and (b) a sufficiently attractive price to minimise that risk within a regular reporting cycle. Somewhere around 170 feels near the lower end of a de-risked entry price range (others have mentioned 170-190?). The potential return, even on a single Quarterly reporting cycle, seems well above that with substantial potential for growth in the SP in Q3 and Q4 above 200. Let's see who takes the bait.

@1234 - you can trace where Argo has been indexed by L&G here
https://www.solactive.com/?s=%22argo+blockchain%22

@Steve88 - "I bought heavily @£2.89"

Sorry for your losses, therein lies the cause. It'll come good.

Around 30 trades valued over £50k today compared to a handful on recent days

Listen to the Q&A and he'll tell you

Why would he sell more BTC at a point when they didn't need short term cash?

@ bucket - "When will ARB stop falling?"

it's 32% higher than it was on 19 April (less than three weeks ago)

Trades after 4.3opm

tradeTime currency price volume tradeValue type micCode tradeType venueOfPublication
2021-05-06T15:37:13.727 GBX 179.4 6480 £11,625 Off-Book XLON P XLON
2021-05-06T15:36:20.293 GBX 179.4 37131 £66,613 Off-Book XLON P XLON
2021-05-06T15:36:14.017 GBX 179.4 84941 £152,384 Off-Book XLON P XLON
2021-05-06T15:35:27.130 GBX 179.4 55096 £98,842 UT XLON P
2021-05-06T15:33:33.497 GBX 177.0 3670 £6,496 Off-Book XLON P XLON
2021-05-06T14:31:56.540 GBX 173.5 50000 £86,750 Off-Book XLON P LRGS XLON
2021-05-06T15:31:29.587 GBX 175.6 60000 £105,337 Off-Book XLON P XLON