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Are you watching the most recent trades ticker rather than the SP?

...co-incidentally, if ARB had simply tracked BTC all the way since January (without any reference to its increasingly added value and prospects) then it would likely be just where it is now. Most of that time it significantly outperformed BTC's trend, which I take as a very positive sign, long may it continue.

@iangibbins67gmai - personally, I think the SP is really good value for anyone looking to invest in ARB and that there are great prospects for return (otherwise I wouldn't have been topping up my holding last week in the 170/180s). I was just pointing out that the SP went a bit bananas in mid-February on the positive vibes and it will take a while to reach those levels again (although I wouldn't be surprised if that was this year). It would be a mistake to use that date range to calibrate forward projection, better to take an average or a linear projection since early January.

@iangibbins67gmai - "when we were under 50 we was the same price as this now"

you mean the time when everyone got a bit over-excited on 15 February?

@Gatti - "When Btc was 54k Argo was over 2 so why now 60k it’s just not fair on the sp"

Not fair? When is a market price every not fair? There has not been any direct correlation between the price of BTC and the SP since early February. The dramatic movement up in mid-February wildly exaggerated the lift in BTC and some of the falls have done the opposite. The share price has levelled out because there is not a large enough demand from buyers to raise it up. Until significant new buyers come in at an attractive enough price it's a waiting game.

ARB rose more than ZCash or BTC in Q1 this year, so your hunch was correct

That question can't be answered definitely. You'll have to weigh up the same gossip and innuendo as everyone else.

yep, I still think this will be the harder part for new investors to grasp as it requires the parallel question about realistic valuations of other comparable companies in the sector

and your assumed P/E is then what?

The SP is up more than BTC so far this year, that's a pretty outstanding return isn't it?

You might be onto something, but on past performance it's still entirely possible that the SP correlates more closely with the number of zombies likely to surface in the apocalypse than with the price of BTC

On the plus side, SP is up, probably just a coincidence... :-)

@The Economist - March, April and May were great, along with January and February. The SP outperformed since the beginning of the year, returning significantly more return than BTC in Q1.

This is why imagining that the value of ARB is solely dependent on daily BTC price variations is ridiculously short sighted

https://argoblockchain.com/beyond-bitcoin-how-decentralised-finance-will-revolutionise-the-financial-system/
"For a blockchain technology company to focus solely on bitcoin mining would be equivalent to a football team focussing on just one player rather than the whole team."

https://argoblockchain.com/bitcoin-vs-ethereum-better-prospects-in-2021/

I'm still buying @ 177

There's a lot of money moving between 23 and 24. I counted about £1.8m in trades worth more than £50k this morning and at least the same value in trades of more than £20k, obviously plus loads of smaller deals.

Yep, a few larger bids starting to come in at today's prices
tradeTime currency price volume tradeValue type micCode tradeType
2021-05-04T07:01:18.243 GBX 188.0 100000 £188,000 Off-Book XLON P LRGS
2021-05-04T07:00:21.790 GBX 181.1 100000 £181,111 Off-Book XLON PRIC P LRGS
2021-05-04T07:21:02.190 GBX 182.8 50000 £91,375 Off-Book XLON P LRGS
2021-05-04T07:09:20.973 GBX 185.6 50000 £92,806 Off-Book XLON P LRGS
2021-05-04T07:04:33.833 GBX 185.0 50000 £92,500 Off-Book XLON P LRGS

No doubt out of an extreme concern for self-interest, including geopolitical interests and food security, just as the European powers did in the 17-19th century (although with absolutely zero concern for mutual benefit).