focusIR May 2024 Investor Webinar: Blue Whale, Kavango, Taseko Mines & CQS Natural Resources. Catch up with the webinar here.
I believe there is something like $10b bitcoin option expiration today - not sure of its impact on bitcoin one way or the other but thought I'd mention it
Hedge - give it a rest ..... we know already. If you feel the need to constantly try and get people to sell it just shows you are not really very confident in your short.
If you are confident just let it play out with out the CONSTANT doom posting.
Today looking like a healthy pull back - hopefully not to below 20 like the previous muppet predicted, backed up with loads of facts...not
That late reported trade on the LSE could have been from any point in the day so impossible to tell if it was a buy or sell. (Technically its both of course...)
Not sure why it matters to be honest - the close price on LSE and the close price on Nasdaq are what matters baring any other news.
Meanwhile - My watchlist - ARBK holding up very well in the US - the only one positive:
Miners / BTC ETFs LAST CHANGE % CHG
ARBK 3.92 USD +0.17 +4.53%
BITF 3.35 USD -0.16 -4.56%
BBKCF 0.296 USD -0.0156 -5.0064%
DGHI 2.21 USD -0.29 -11.60%
SOS 5.96 USD -0.79 -11.71%
MARA 28.39 USD -2.68 -8.64%
RIOT 17.64 USD -0.98 -5.26%
HUT 16.15 USD -1.98 -10.90%
HIVE 5.33 USD -0.38 -6.73%
BITO 20.79 USD -0.52 -2.42%
WGMI 21.19 USD -1.08 -4.85%
CORZQ 1.76 USD -0.15 -7.85%
DAGB-GB 6.25 GBP -0.28 -4.22%
Almost football time - a welcome distraction from share prices and the incessant rain outside
If you don't rate the stock and have a short position - I respect that - thanks for declaring as it makes much more sense why your voice your opinion. I do think you are hammering home the point a bit much though. Im not arguing with what you are saying, Im just not a big fan of having it repeated over and over.
Argo actually seems to be holding up rather well in the US right now compared to the bloodbath on the other stocks - but its only a blip in an otherwise solid move higher these past few weeks for the sector.
Honestly I really wonder what will happen if bitcoin breaks out of this 42-44k area its in right now and jumped 25% to $50k or 50% to 60K. Be careful with your short - long term you are 'probably' right but up until this ETF announcement comes (which might be a sell on the news event) its any ones guess where the price of any miner could go short term.
Hedge - your non stop doom posting is not much better to read... we get it where you are coming from - although why is another question.... why constantly post negativity on a stock board. If you dont like the stock and aren't invested - why are you here?
I genuinely do not get this.
You have people on here who have posted 1000's of times - some constantly negative on ARB. You have to ask yourself why?
Were they burned and are just vengeful now?
Do they want us to switch from ARB to, say, MARA because that suits their book?
Are they here to save us all from losing money - very decent of them to spend soooo much time doing this.
Do they just like the sound of their own voice and stick to the boards they feel they have an audience, whether they own the stock or not because this is a way of getting attention?
Same goes for rampers - but in their case its much more obvious - they just want others to buy in to boost the price for themselves, where that be for ARB or that guy who is constantly trying to pump the ex-directors new company at the moment.
Can I suggest- call me old fashioned - that those that believe in the company (or the opportunity) invest , and those that dont, don't?
Its uttery pointless a select few trying to convince each other to change their minds.
In the old days it was more fun debating news articles that came out - but there is none for ARB - so we are reduced to where we are now.
I only recently came back to starting to read these boards now the ARB price has come alive but I forgot how frustrating it is wading through all the tit for tat. Barely anyone predicted the rapid rise and fall last time , I dont rate your chances this time either.
Good luck to everyone whatever you decide.
LSE price of around 31.5p matching Nasdaq pre market of $4. Lets see who leads who today
Shocking last few minute manipulation on the Nasdaq there - dropped 10~15% in a few mins right at the close. I bet the LSE does not even register the gain tomorrow. Shame - was a great buzz until that happened
Look at Argo go on the Nasdaq the second the LSE closed ... was negtive all day now +7%...
There is of course much truth in what the nay sayers are saying - and there probably are less risky miners out there to invest in but also they might not benefit from FOMO boost that might come soon with the build up to the spot ETF and the halving.
Any seasoned reader of financial bulletin boards will know those who post 1000's of times and have been around for years and should also question why de-rampers would bother to post repeatedly that a stock is overpriced and should be avoided. What could be their motivation?
Its also equally frustrating when others just say something is going to the moon and have absolutely nothing to back that comment up apart from hopium or chasing loses.
I for one lost a LOT of money on this stock but never sold so of course I have a bias that I want to see it go up - but Im not naive enough to think that the stock did not drop this low for a reason.
Whats the most interesting for me is that the first time around so many people said they got in ARB.L at 3p and rode it all to £3 and so many wished they had done the same. Well, here we are again, it already dropped very low and its already mutli bagged to here.
So - now you know how those people felt and you see the risks and potential rewards they faced at the time. The question is - where will you put your money now we are at this point again?? ;-)
$3.60 = 28.3p equiv if LSE was reflecting it... (assuming $1.27 f/x rate) - LSE always well behind.
I would not even be watching the LSE - I would be watching pre market in the US - its doing all the running. Already $3.60 in US...
Its closed in the US ~ 26-27p equiv - so of course it opens on LSE around 22p - someone somewhere is making a lot of money on arbitrage...
From Nov 2023 :
"Argo Blockchain PLC - London-headquartered cryptocurrency mining company - Says pretax loss in third quarter of the year narrows to USD9.9 million from USD18.0 million a year prior. Says revenue falls 21% to USD10.4 million from USD13.1 million the year before. Operating costs and expenses in the quarter fell 73% to USD3.1 million from USD11.5 million a year ago."
so if revenue was 10m for the 3rd quarter, and last month was $5m then I would assume all things being equal that next reported quarter will be ~$15m revenue - does that imply that quarterly loss would STILL be $5m? If so then there is no way this companies shares should be where they are now. Something does not add up .
If they are running at a loss with bitcoin at $44k , how the hell did they not go bankrupt when it was at $20K for so long?
I get that they are in a much worse future looking situation now than they were last time they got their market cap over $500m (did they get to $1billion - I forget - its all a painful memory now) but thats a pretty pessimistic set of posts below... I remember some of these names back years ago - I forget if they were bull or bears then - I just know this time around Im sitting and watching and not getting drawn into a lot of these forum opinions. I wrote my shares off mentally at the time but never sold so anything is a bonus at this point.
Loving that many youtubers are coming out of the woodwork again repeating all the usual ramping/charting/prediction nonsense like last time...although this is exactly the sort of thing that could spike the miner prices - sometimes fundamentals go out the window.
Wont be long before buyout rumours will start as it will be the only way to get hold of machines if bitcoin spikes much higher ( you see what I did there ;-) )
Boxing day is a trading day in the US I think - so another trading day for the ADR before LSE catches up . The 3m ADR sale a bit earlier has dented the momentum in the US now. Still a great day though :-)
Thats a shame - someone in the US just dumped 3 million ADR shares (30m actual shares) in one go - dropped the price 10% ...
As distressing as this fall in btc price is - it might be what is needed to kill off the inefficient mining competition , the difficulty will plummet soon at this price. Only the best will survive or consolidate with M&A.
I think Argo will be one of the last standing after this - but we still have bills to pay so we will be going through some pain too.
If you think btc will fail - then all bets are off. If you think it will recover again once those pesky manipulators decide they want to make more money on the upside (they wont want to kill the golden goose will they?), this could be , at this price , a stunning investment opportunity over the next few years at current price.
For me, the more altcoins that die , the better. Bitcoin dominance is improving constantly - even with this latest drop.
Fingers crossed it works out for Argo - they have worked so hard to get to this point
I’ve not even looked at this board for months. I see I’ve not missed anything.
There is little or no info on Argo. There is a troll who you could easily just filter but a group of you seem obsessed with him which implies you also have problems. You cannot change a sociopath or narcissist so stop trying. It will exhaust you and everyone else having to trawl through this constant toxic slanging match.
One person on this board has no sway over the price of bitcoin or Argo, no matter how much self absorbed drivel they post so stop implying they do -if anything you are actually encouraging them.
Stop feeding these people, use the filter button and get on topic or this board is basically not fit for purpose.
Go and enjoy the weekend.
Its a very good video - the last 15 mins PW is interviewing Blonity! Blonity normally releases them on his youtube channel a few days after his patreon members have all seen it.
PW looked in good form and was very honest about the placing and the fact the banks/backs stitch people up but thats how the system works and they had little choice - they went with the advice they were given.. It was interesting that he mentioned of the three ways to get money placings are obviously one of them but ***IF*** they will be looking more closely at reduced discounts to retail investors rather than whopping ones to II in the future as he was not happy with how it went.
A few other interesting topics also mentioned such as Argo Labs - well worth a watch and hopefully will have a positive impact on Argo share price going forward. As I say should be out in a few days for free.