The latest Investing Matters Podcast with Jean Roche, Co-Manager of Schroder UK Mid Cap Investment Trust has just been released. Listen here.
£1.32 equivalent in Frankfurt not a good start
Down 28% bad day for Btc miners, with Btc hitting all time high. I hate to think what could happen on a bad day
ARBk down 9.5% what’s going on
ARBk down 9.5% what’s going on
Arbk Nasdaq already dropped 5% pre market
They must be expecting a retraction if Btc back to sub $60k I can’t imagine any other reason
Not if Btc drops back to $58/60k which is what they must be betting on
The problem we have is Btc dropping, yesterday it was going up pre Nasdaq closing, they will just drop down to our price, Pre market today, then we will see what happens this afternoon.
£1.34 UT was the closing price
Arb up just 1% pre market, all other miners up around 6 to 9% days it all really,
I will expect the usual afternoon drop, if Btc has not rallied we would have gone down on our results as usual, 167 mined Btc was disappointing, I thought we should have been 180+
Yes we know they are sophisticated investors, but why would the Argo management discuss commercially sensitive information with a known shorter or any private investors.
Obviously Argo doesn’t want the market to know about this information, otherwise it would have not been removed, and followed up with the waffling RNS.
Even I am starting to question it PW and Argo are being open and honest with share holders.
First we PW selling out at £2.46, since then he appears not to care about the share price.
We had the dilution just after at a 20% discount.
We had the Boatman Capital question the extortionate price paid for Texas.
We then got sucker punched with the Nasdaq listing by another 25% hit.
Now we have giving out commercially sensitive information out to a possible short seller, and Argo trying to again to have defend them selves with a Rns.
Doesn’t all sound very honest and open with share holders to me.
Anthony (Tony) Coyle, CFASenior Equity PM with a strong track record running long-SHORTS and long only global equity portfoliosIt could have been his plan to spread a bit of Fud in his report, he is a short seller, the 1.5b to 2b to kit out Texas, play on the further dilution to pay for it, knowing this the biggest fear to investors.He could even be involved with Boatman capital.
Anthony Coyle info
https://uk.linkedin.com/in/anthony-tony-coyle-cfa-3a618914
Strange they are denying the percentage increase from immersion mining, but it’s already a fact it is 25% more efficient.
Here’s a section of riots report.
Immersion-cooling is a method where Bitcoin mining chips are immersed in a specialized fluid to keep the integrated circuits working at lower temperatures. The technique allows them to run at higher productivity rates, with preliminary results estimating a 25% increase in hash rate, with an estimated potential increase in performance of as much as 50%.
The CFO noted it would cost $1.5bn-$2bn to build out the entire 800MW at Texas…
That has got to be absolute nonsense?
So much fud on here tonight, we must be ready for a big move up, we will have a RNS in the morning, it will be better than expected, revenue will be well up.
But apart from that if Btc goes up we will go up, if Btc goes down we will go down, simple as that, to be invested here you must think Btc is going to go up, so Argo will be a great investment over the next 12 months at least.
At least we are moving with Btc now, at one point doing better than all the other miners, so at least we should be confident that if Btc has its next run up, we will go with it this time.
Could be a 13:00 hrs Rns to coincide with the Nasdaq opening this afternoon.
I am expecting 180 + coins anything above that figure will be a bonus
It could be the plan to lease all the new machines, Argo I believe has lease machines before, so no further dilution, they will pay for them selves as we mine.