Member Info for BodRuncie

Primal Scream - Movin' On Up would be most appropriate. Or Accelerator.

Firestarter is by Prodigy, although that would apply too :)

This is one of the nicer investing boards that I read.

Considering how much the sp has risen, I'm surprised there aren't more shorters/s**t-stirrers on here, so I'm okay with someone posting they were in and out for a quick profit. It's all part of it.

But let's enjoy the good atmosphere on here, seems like everyone wants to help everyone else out with this new type of modern investment share! I hope you make a good profit on your purchase at 52.5p, Tommy :)

Relax, it's alright.

Ignore the post and move on :)

Through 50p now, 50.12 paid.

USA again is pushing this up in the afternoon and overnight, then the short-sighted UK traders cash-in in the morning. UK needs to wake up to cryptos before the USA takes our profits lol :)

I'm doing my bit by sitting on my hands.

Does anyone has access to Level 2?

How many shares to clear before we are through 49p?

1. You're not too late.
2. ARB is not AIM listed, it's main market.
3. ARB is the only UK-listed crypto miner.
4. ARB is still very undervalued compared to US-listed miners. So.... when this gets a full US listing, expect it to catch up... and quick... meaning that there is still some real growth to be expected here. Multiples of the current sp.

it's not quite that simple. If BTC reaches $400k per coin, the market will flood with miners, because an operation that is unprofitable at $15k or $20k will now seem attractive. This will increase mining difficulty, and increase supply, pushing down ARB's margins.

It's not a linear correlation, and what is important for ARB is that Peter Wall and the board maximise every opportunity to stay at the front of what is going to become an increasingly cut-throat area. For example, if the Chinese government decides to corner the market in BTC, by ramping up their BTC production by 10000%, even doing so at a loss, ARB would not be able to compete.

Because we are invested in a crypto mining company, and not crypto itself, we need to ensure the company we are invested in will remain profitable.

ARB is about £44m mcap at the moment... would be interesting. Hopefully there are fund managers with their eyes on the ball, just waiting to invest but their hands are tied due to low mcap...

Impossible to say. It depends largely on how much London wakes up to what BTC and ARB is capable of.

If we start to see investors pile in like they do with MARA and HUT, then the real re-rate hasn't even started here :)

Tell you what, Peter Wall's share purchase sub-4p isn't looking so shabby now. Shrewd investor :)

Maybe the other BOD members should have taken the plunge...

If you'll only get 12p, at least it'll discourage you from selling ;)

The list of trades is interesting, there's another trade reported after 5pm, for over 500,000 shares bought at 12.55p

lol, my SIPP however has a closing price of 12.00p

Classic Hargreaves Lansdown.

my share dealing account has the closing price as 12.55. Odd.

A late trade? I wonder if the MMs are playing games, and the real closing price is 12.25, and the MMs are hoping to open down tomorrow, trigger a drop and flush out weak holders sitting on profit who get scared and sell up.

Sweet Jebus, this feels like some kind of vindication :)

The only downside to buying a great stock at a bargain price, is that it might remain a bargain for longer than we'd like :)

It won't be a bargain for ever, so enjoy the ride! 12p is a good start.

In my limited experience, PMEs tend to be BUYS if the share price is rising dramatically, and SELLS if the share price is dropping dramatically, especially in a liquid stock.

If it were a large sell on an UP day, the MMs would happily take the stock and try to flip it into the rise, and vice versa.

I'd take it as a good sign, but no doubt you're right and those in the know are profiteering :)

It's heartening to see ARB bucking the day's BTC trend. It suggests that the market might be waking up to how undervalued ARB is.

To paraphrase a wonderful phrase from another investor on this board a few days ago (sorry I can't remember who), BTC has farted today, but ARB doesn't have to smell it.

BTC was in the $8k range in April, and only left the 9k range in late July, and as we are aware anything can happen in the markets, so it would be crazy to rule it out entirely.

However, it does seem that with larger corporate investors coming on board that BTC is becoming less likely to drop so low, with the added bonus of smoothing out some of the volatility.

I agree that it would seem odd to hold ARB if you think BTC will drop that low in the short term, but all we can meaningfully do is debate and put our money where our mouths are :)

Mathsman, thanks for the background. I agree, it's good to keep a cool head when dealing with shares, as far as that is possible :)

It's always good, for every share one is invested in, to be aware of the bear case as well as the bull case.

And for those who disagree with Mathsman's position, that's fine, but let's keep the discussion to the points he raises, rather than shooting the messenger over his caution or his spelling/grammar/syntax.

I max out my ISA each year, but I have extra money invested in a normal share dealing account.

I'm not tempted to sell EQT now because of future CGT changes. EQT is only going in one direction from here in the long-term, so why would I want to miss out on those profits? I'd rather pay a % of CGT tax on huge gains than pay no tax on less gains.