Firering Strategic Minerals: From explorer to producer. Watch the video here.
Yes there is a strong correlation between ARB & BTC 'values', but daily the fluctuations of BTC really should not equate to daily correlations in our SP, in my opinion - BTC is known to be volatile and has quite a wide daily/weekly trading-range, esp at the minute.
I think those of us who are here for the right reasons probably consider BTC to be in some sort of 'Bull-run price-discovery mode', and there are some very big numbers being put out by fairly influential people / establishments.
Major mainstream players are now buying into BTC as an investment and in accepting payments/developing infrastructure.
The reason I don't think ARB's SP should wobble-around in total unison with BTC is that our fundamentals do not change to the negative when BTC does (not at a 1:1 ratio, anyway); we remain profitable at a comparatively low BTC price (c$11,000 iirc, but that might be subject to change with recent developments), we HODL BTC and other assets, so could get through lean-months if needed (don't see any of them on the horizon, but who knows), we're very well-run, and have clear expansion plans which include building design, green-energy and guaranteed supply of equipment which we are going to assist in developing.
AND there are several times now that Peter W has used the phrase 'Blockchain technology Company' - he does not refer to Argo solely as a BTC miner.
Apparently I'm rampy.
I'm definitely enthusiastic.
If I see anything negative I'll call it out, but I honestly can't think of a better-run company.
CC
FWIW; The thing that irks me about this is that it's essentially an incorruptible asset being manipulated in a corrupt system - BTC / Crypto / Block is not at fault as an entity, it's the system of implementation/exchange which the humans create that can/is abused.
CC
@Cornishpixie - potentially they win twice;
1) Sell high - create dip - buy low
2) Short position - they win a gamble if they keep the price below $50k (is the presumption).
Amanensia; I think you're probably right there.. I've averaged up to just shy of 40p now. So by too expensive to buy in bulk I guess I mean I personally don't want to take my average higher - not because I don't think it's still very good value for money, but probably more because I would regret not getting more, so yes, I probably didn't get to a happy position early enough.
[Actually I'm confused now.... surely I should have been de-ramping to get more shares, but apparently I'm a ramper. ..]
CC
Deeply offended.
Bye!
Good for you.
Putting the full-stop in the free-text box.... kinda couldn't help it, could you?!
:-D
Well, I don't know about anyone else, but I'm deeply offended.
Shopping tends to makes me feel better.
(I think it has an effect on my estrogen levels, and helps to keep me 'regulated', you know, down there....)
I wonder what I could buy to make me feel better?
I'm hoping to get some more tomorrow;
Results due.
Potential for statement/progress with NASDAQ application soon.
Word spreading in the States & social media.
Other potentially unpredictable news (the "We bought the ISS and we're mining sunlight from up here to power all of Texas for free" type announcements I'm starting to think are normal fare for Argo).
This will become too expensive to buy in bulk soon....
*Geek not financier
*DYO protect your backs
Etc
CC
@Lifesagame; whenever someone types or says 'turbulent' / 'volatile' / similar now, my brain automatically translates this to "buying opportunity"....
I'm not sure this is normal anymore....
CC
LOL.
Bravo - they listened to the regularly most-commented BB?!
Also; You work in IT?
:-)
CC
Glad to hear people showing their appreciation for a fantastic, transparent, management team.
Perhaps a turning point here; positivity & acceptance of the processes which can & must play out.
A lesson for many other businesses here.
Thanks for the update, mercedesman.
Regards,
CC
....and yet there is much more investment in the stock markets than in gold or precious metals; this is why institutional investment in cryptocurrencies and BlockChain is BIG.
CC
You again?
You're very generous being disappointed for the people still invested here when you sold out in January at 75.5p....
As explained; Tax reasons.
Plus they wanted to give 5% to Environmental causes.
Blah, blah - either get over it or buy back in?
BLOCKCHAIN.
Argo BlockChain.
Not just a BTC miner - a BlockChain Technology company.
PW does not chose his words lightly, he's clearly too smart for that....
In light of which, medium to long-term I disagree with this (sorry, TimitoBoo);
"In reality there is only one reason and that is BTC, if it goes up then happy days but if it went down to say $10k it doesnt matter how cool the new plant in Texas is or what market it gets added onto the price will drop."
- perhaps this is true right now, but I'm confident this will not always be the case, and I think the investors with an appetite for BlockChain will see this and value the company appropriately.
I could suggest we're already diversifying into the BlockChain Tech Dev market through the plans recently announced with ePIC....
BTC mining has got Argo up and running, alongside some other really smart moves (ZCASH/other, continuous, well-funded expansion, securing hardware etc), but don't think we'll just stick with BTC mining. I certainly don't think we will.
DYOR etc.
Regards,
CC
This could really do with not turning into an 'Us Vs Them' thing in my opinion; if all the PI's hold, whether we buy through London, Frankfurt or The States, the price goes up as there is massive investment demand from big players here....
> Diamond Hands Until Moon
CC
Does seem to be getting worse.
Also - FFS, don't mention stamps!!
CC
Nice summary @DSFLAT.
Nothing to add really, other than awesome comms, always
future-profing, awesome company.
Really just bumping the one with the tidy title!
CC
Last I checked Wall Street Bets were not interested in a short squeeze / pump & dump on the Crypto markets.
I think the GME thing was a genuine movement with a rebellious cause, and an opportunity for some to make money, but it did spark a few offshoot pump & dumps - and that is essentially what they were (I'm not convinced it was they who squozed the Silver market either).
No, we wouldn't want that in BTC, and we wouldn't want it in Arb either, in my opinion. The F2 / Whale situation is bad enough.
I think it's also concerning that Elon can post a picture of a dog token and influence the market considerably.. The fact that a celebrity could literally Tweet any stock market ticker and cause a surge now is a bit.. ..weird.
But, what do I know?
Just Diamond-Hand ARB until Moon....
DYOR etc.
CC
Gah!
How do you know I hide my coins in the staircase?
Are you spying on me?
*Off to install an actual, physical firewall....
:-/