We would love to hear your thoughts about our site and services, please take our survey here.
I know numerous ex shareholders who will be jumping back in soon. We are in a holding phase at the moment awaiting the next step/growth for the company , there will be plenty of money on the sidelines/ in other shares waiting for the time to switch , which I anticipate to be in next 2 months. Time will tell. As we know , this share can move fast.
@Chaebol , I don’t disagree there is the funding situation in play here. But I do also think the incredible rise from 40p to £3.30 hasn’t helped this share , the rise was way over done , that in itself can be putting off investors, when now looking at the last year’s performance.
That said if PW can work out at decent funding solution , and bitcoin stays north of 40k , in 6 months time imho the buyers will be all over this share.
@misterbeck , you can also look at Arb down 40% since November where as Riot and Mara down over 60% … that might be the reason for Mara outperforming Arb today as it was more oversold possibly.
Roll on 2023….
Mara and Riot consistently have 50-75x the notional value trading than Argo. Until Argo wins over the US investors the share price will remain in the doldrums imho. Less than a million shares on Nasdaq today is so poor. I know nothing can be set in stone , but a forward plan is required where targets are hit on time consistently before the US will be won over.
Nasdaq will lead the way imho , although first day of trading , already 120 million usd notional traded , I expect this volume most days , compared to £20 million notional on LSE. Riot and Mara today 150 million and 200 million respectively, and can quite often be a billion plus. Nasdaq is where it’s at.
I sold most of my EQT at 3p after a fine run from 0.5p. However I am not selling any PHE anytime soon, target 25p for £billion mkt cap. Hoping for the Linde effect that happened to ITM when they bought in at 50p if I remember correctly. (Up 1000-%).
Personally I don’t see the share price moving much at all now until full details of Nasdaq IPO are out. As for the selling of the btc , I think this is fine , they are banking some cash knowing full well they will have another 200 btc in the hodl this time next month.
A lot of retail investors , trade T20s , it’s not unusual to see loads of bullish comments about a stock over a few days from various posters , only to find lots of negative posts a few weeks later. When many T20 traders will be starting to think about either having to pay up and buy the shares or sell out and take a loss if the share hasn’t moved higher.
I am very long of Arb possibly too heavy ( I can’t get enough of a good thing ). But surely a big raise will be good for the longterm of the company , get everything sorted now , granted a later raise might be possible at a higher SP.,but once it’s done , the shackles will be off and nothing to hold the share price back apart from bitcoin price. Everyone here is saying we are x3-5 times undervalued to Riot Mara etc. The raise however it’s done will be the making of the company and we will catch up with our competitors imho. I also think it will be a big raise, I had £200 million in mind. Also remember previous raises have been done pretty close to the share price , so I wouldn’t expect too much discount.
A 100 from Saylor and a 100 from Musk would be perfect !!!
I am expecting a big raise but I am sure Peter will already have institutions lined up. I agree the price is being held down by the potential overhang of dilution. However if someone tried to buy just 10% of the company in the open market I think it would be very difficult and the share price would rise quickly. I would guess that maybe a raise of 200 million shares may happen , which will go a long way to bankroll Texas. Depending on who invests could be key to how fast the share price rises afterwards. There actually may not be much opportunity to get in lower than where we are currently imho. GL all holders