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So I've been through this forum and listened to the podcast but I think I'm a touch slow as I'm still missing something. So the company has a plan to create a token which then can be traded (How does this generate revenue?). The long term plan seems to be to create a broker system for token trades? Is the plan to make loads of these tokens and start to control the market?
Crypto is the future and I 100% agree bitcoin may not be the number one in 5 years time. However, what you are missing is this is a mining company and can mine whatever it wants. While it is number one, we are 100% profit making with insane margins, first to 100% green, amazing two year plan which from what I can see, wipes the floor against all competition.
Market hungry for green bitcoins, Argo first green bitcoin miner, vast expansion (Texas), profit making, soon to have a 45% bigger audience (NASDAQ)
Unless you're trading or have a very short term requirement for funds, I cannot see an argument for selling.
In my opinion, £3 SP is high for its current position and which markets it was in. Part of the reason for the height was NASDAQ as we know in comparison to other miners, we should be trading $10+. However, the 8-10 week window since we qualified has long since passed and the recent job advert for a compliance officer say to me there have been some struggles. Due to this, the SP has started to fall and it is currently oversold but also means NASDAQ is nowhere near priced in anymore.
Hi Rookie, I wouldn't disagree with that. What I'm not understanding is the broker has just mentioned something crazy like Argo ploughing 180m into Texas by 2022. Where does this money come from then extra to purchase machines now?
I've asked on the Q&A about being innovative with our HODL and putting loans against BTC for capital as without selling, the only other option is dilution.
11 - Jan, 10 Feb, 7 Mar, 4 Apr (RNS's)
News has slowed down a touch as we've moved into higher gears which is fine. However, the main reasons for the previous 'break outs' were market listings. NASDAQ should give us a good kick start as I read somewhere it increases our audience by 45% and removes the $50 transaction fee in the US.
This is like the third time you've said this recently. Yes when BTC drops normally ARB will drop a touch more as sentiment goes. When it climbs backs $300 that isn't going to change the feeling behind the drop so it doesn't match the change. However, when it goes up $2k it gains the traction again. BTC and ARB have both recently had a correction, stop looking so close.