Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
Since Argo is 95% non-institutional investor. In other words 95% of the holders are “us Joe Blow investors” the price is going to be manipulated to shake Us out. There will be a tipping point once bitcoin breaches 63k when institutions will be forced to buy us out, not shake us out.
Folks, like most of us I was completely surprised with the huge drop, but the math was there $15.00 meant $1.50. I was just surprised the stock actually dropped so much and why didnt Argo open at $22.20 as the current share price at the time dictated? I would like to no why they dropped the IPO to $15?
It is what it is and it appears the Texas facility is paid for. Now, how are we going to pay for thousands of SJ19 machines?
Thanks, that would be very interesting if they received significantly more money than anticipated. Any additional funds could be leveraged to build out additional capacity instead of issuing more shares. I urge veryone to buy…. Laughs
I see the IPO listed as $18.40 but I am assuming the IPO would be based on 10x the current stock price of the day before the IPO. So 7.5 million x$18.40 = $138 million “But” what if the Stock price averages around $3 during the IPO. Would that mean Argo would recieve 7.5 million x $30.00 = 225 million? Or does the 18.40 vqlue remain constant?
A better comparison would be bitfarms and hut mining, more specifically HUT and BITF. Both of these stocks listed on the Nasdaq recently in June and doing quite well now. The big difference is these stocks listed in the drop erra of BTC @ 30k range. Argo is listing as bitcoin is rising. Argo’s stock value is rather low compared to the big 5 miners out there so there is an excellent possibility of a double or triple from here in stock price. What some may not grasp are translate in the stock price is the 800mw’s available capacity in the not to distant future. I see the stock price climbing and climbing and climbing as news for usage of the capacity is provided.
There have been some talk that Argo my be the new meme stock. A good example is the pre-merger of Support.com and Gree. Support shot up from 6 to 60 per share before the merger. Just not sure about 2 things. The actual short volume in Argo. What you see posted on short reports is bull****. The other thing is the market cap. It would take alot of volume to send Argo flying up in the $20 range, but who knows.
The good thing is that if Argo did a 1:2 the share price wiuld be around 3.60. I can guarantee the short would have flooded the stock in nasdaq and attempted to try to get Argo delisted. I would have preferred a 5:1 listing so Joe blow investors would get in at a higher volume. Either way the institutional boys will pile in and the stock move to the upper 30’s by December, depending on bitcoin ofcourse. I think Bitcoin will stall here near 50 and blast off to 70 by December.
It seems as though DMG Blockchain has moved to Marapool sponsored by Marathon.
https://ca.finance.yahoo.com/news/dmg-blockchain-set-join-marathon-120500115.html
Well, it’s clear Institutional investors are holding the price down. You will see once Argo hilts a certain target price the shorts will stampede out much like SPRT. Look at their chart and what happened. I guess I will post in a few days “told ya so”
I am heavily invested in Argo and have been accumulating as many shares as I can over the past few months. I am even delaying bill payments just to pick a 1000 shares or more each month.
So with that being said I have vested interest in Pluto. I see the potential value in Pluto, but would like to see some evidence they have either won contracts with a monetary value or something. Not just that video of astronauts and space ships taking off. I just wish I could see something more than interviews. Who knows we may be positively surprised? Maybe there IPO will be finalized with some numbers soon.
It’s hard to analyze Pluto’s value because there are no stats on how much money they have made or contract values they have won or anything on NFT’s. Until then why would anyone be interested in putting a value to them?
HIVE Blockchain ended discussions concerning a proposed partnership and share swap with Argo Blockchain. After analysis HIVE Blockchain are of the opinion that the best use of cash for HIVE shareholders is to expand operations in Sweden and North-America directly rather than invest in Argo.
Folks, we see multiple sites that provide a report of how many shorts are in Argo. I think this data is crap. There are a lot of unaccounted for shorts holding Argo down. Why? They want the Joe Blow public’s shares. Peter Wall has indicated that 95% of holder are by Non-institutional investors. Soon, Bitcoin will force Argo to raise above a threshold the manipulators will be required to dump. I am assuming $2.50 will be that magic number and then boom.
I concur, if he is used a positive way. Nevertheless, he is full of crap and wouldn’t be surprised he is behind the stock stagnation right now. However, I have been purchasing as many shares as I can at these levels and if is behind this I can see how he can be leveraged. At the same time with 300+ million shares sitting in Joe Blow investors hands it makes since for these type of folks trying to shake us out.
Hmmm, let’s see 2,000 bitcoins mined by December @ 250,000 per coin equals 500 million.
2022 anticipate 500 Bitcoin per month? By December 2022 Argo will have 8,000 bitcoin. If Bitcoin hits 500,000 then Argo would have 4 billion.
In a perfect world it sounds right to me