Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
"People don't NEED your or anybody else's help or assistance or ADVICE in how what and who to invest in !!!!!!"
That is literally the reason for financial bulletin boards. Are you mental?
Spitfire - REALLY? Did you even read what I just wrote?
"If you dont like Argo........LEAVE..its not difficult !....people pay the money and makes their choice!.."
The people on this board being realistic and offering facts about Argo (even though they were not positive) convinced me to finally sell a few weeks back after many years at 20p.
Glad they did not leave.
In fact, thanks goodness for those people else I would be down ANOTHER 25%+ since then!
Seems you just want an echo chamber just saying "everything is great" (regardless) so you feel more comfortable with your long position.
Remember - trying to stop people from losing money is just as valid as trying to encourage people to make money.
8 months old but a good video breaking down which miners are profitable and who is not AFTER the halving based on various bitcoin prices (which he starts changing from about 11 mins in)
https://www.youtube.com/watch?v=LvdK_KvHaE4
Hopefully he'll make a more up to date one soon.
Its pretty easy to average down if the stock keeps going down.
If bitcoin goes to $100k Argo might go up in price initially but come the halving will it still actually be viable?
What is a stock price under 15p really telling you?
Would there be better options out there if bitcoin did go to $100k?
14.5p now with bitcoin back at 66.5k - I know the whole sector is down but my goodness there are some people here 'investing' in Argo solely on sunk cost and not on logic - I fear it will not end well.
What are the odds bitcoin tries for 69k again later today :-)
67.5k and rising rapidly - honestly its better than Alton Towers this.
Actually there were quite a few competitors mining numbers out so just quicker to watch this guys video as he goes through them all - worth a subscribe:
https://youtu.be/3i8nptZ97SY?si=5AjPiSRlkj4AuuBR
ETF inflows were epic yesterday as you would expect from the volumes:
https://farside.co.uk/?p=997
Blackrock contributed a massive +$788m, Grayscale dumped another $348m but still net INFLOWS were $648m one of the highest daily ever.
Bitcoin seems to have nicely recovered to ~66.4k, exactly where it was when LSE closed on Monday at 4.30pm so we have lost a day here. whoopie.
Mara results were mixed mainly due to down time but on balance have grown so March should be epic. Interestingly they mined 833 bitcoin yet according to the figures their bitcoin HODL has gone from 15,741 -> 16,930 so looks like they have ben buying bitcoin also and not selling any they mined - very sensible in this up market.
Another crazy day ahead Im sure as the ETF's have to buy, another day closer to the halving.
Mara Feb Update : https://ir.mara.com/news-events/press-releases/detail/1346/marathon-digital-holdings-announces-bitcoin-production-and
Bitcoin just hit 59k before bouncing up a bit - the liquidations will be epic. Will be interesting to see if the btc etfs are still net inflows after today or if this move has scared buyers out. Actual ETF volumes are huge as you can imagine.
Argo down over 20% in the US - tomorrow could be ugly in london.
US main markets tanking (Tesla down 5%) and bitcoin ATH rejection is creating a perfect storm - will come back to this tomorrow as its all over the place now.
I think btc will need a few attempts to get convincingly through 69k - as you mentioned lots of leverage and liquidity to flush out - but each time it tries and breaks a bit higher it gets easier. Hopefully the current rejection dump will be short lived like last nights was.
All very positive going forward - will be like the S&P etc with CNBC talking about new ATH every day :-)
Keeps teasing us :-)
(meanwhile don't look at Argo - its struggling to hold 15p now)
History incoming - get a beer if you have one - we will sort of the miner issue later - lets enjoy this first
So bitcoin just broke 68k again but looks a bit stronger this time - and US miners that were 8% down in very early pre market are now going green in the US - possibly a short squeeze incoming.
Its better than all that reality TV my better half watches :-)
Do not Panic - I really dont see what you are seeing - but there is no turning your head so lets just see what plays out.
another dark day for ALL miners it seems - Mara and cleanspark down 9% in pre market.
Please don't lead people astray here. That was not a good RNS. It talks about shrinkage and streamlining - the only way to play the halving is growth and lots of it. As the competition grows , the slice of the pie for Argo gets smaller and smaller - no matter what happens to price of btc.
Argo down 10% now - time is running out even to day trade this - every day closer to the halving is more gambling, less investing. Only do it if you like playing chicken.
So net inflows yesterday were over $500m , and Microstrategy just announced they will offer $600m notes and buy bitcoin with it.
Thats over $1b of bitcoin buys that are about to happen - on top of any others... despite this slight rejection of the btc ATH - I think once it breaks through it could be pretty epic. Fun week ahead.
Anyone know when Mara monthly update is - I was thinking must be imminent? more interested in confirmation on the shares outstanding than I am the mining number.
"30p minimum"
we are $2500 from btc ATH and Argo is 16p. If btc goes to $100k very quickly - then you might see this share price go up a bit with that FOMO - but double from here knowing full well what will happen in 5 weeks time post halving? I think thats a bit too optimistic
Also consider that if btc does to to $100K thats 50% up from here - if you buy MSTR then you know for sure you will get 50-100% rise , if not more when they break into the S&P500 - would that not be a more sensible/ risk free play on btc rising hard?
Seems thats what most others are thinking right now as the halving is rather torpedoing miner valuations.
Bitcoin was 66.4k at 4.30pm london close yesterday - its only just above that now but this btc profit taking we are seeing right now (understandable as we got so close to the ATH) might seriously impact Argo (and others) share prices today.
Will probably feel much like Sheffield United did in the first half yesterday come the london open