Please be aware that ALL the miners have been hammered - even Mara and Riot on the fabled Nasdaq. I see lots of posts having a go at Argo and its share price woes.
Look at the competition - they are all down about the same, however when the spring back happens, I think Argo's green credentials and upcoming Pluto/Texas moves will catapult us ahead of them % wise.
Just be patient and look at the sector as a whole, not just pointing the finger at Argo share price on a daily basis.
current price is 2.30 Euro = 200p
Yes - Nexon bought $100M worth - and Facebook earnings are soon - lets see if they have ...
Tiger - why oh why do you make such stupid price predictions? Now you look a fool (ex -banker of course - better mention that for the 10th time - why ex by the way?)
If it does close over 190p do you think we would hail you as some sort of investing god?
Seriously - such a waste of space some people.
1. The seller must be out now I think with those two heavy volume days.
2. "even with where bitcoin is now" - its at $56K ffs! Anyone would think the sky had fallen down.
Looks like fake news designed to liquidate a lot of long positions - and it has.
Guys please - you've heard it before and you'll hear it again.
Zoom out. We are $56K bitcoin!
Did Bitcoin crash last night. Yes.
it crashed from $60K to $50K
Its now $55K - which is probably the average cost in the March monthly mining report for Argo.
Anyone else thinking this is not the end of the world?
P.S - You really think Dept of Justice would leak to sources on twitter it was about to charge some Financial institutions re crypto money laundering? REALLY?
The whole point of the credit facility is that we do not have to dilute for Texas build.
At some point they WILL have to sell some BTC else they will run out of cash. UNLESS they can exercise warrants etc from Pluto to get cash that way. For now though they have plenty of cash so its not something I think to even worry about for the next few quarters.
I still maintain that its NOT a dilution if you are adding value to the company. I think only once Pluto IPO happens and the price jumps up and we can see the value of our 25% will this fact finally dawn on most people.
1. He CANT tell you anything you did not already know , think about it !
2. Having said that , you can learn to read between the lines. Immersion rigs for example - seemed more definitive there.
Honestly some of you guys are really expecting too much. It’s like you don’t just want Peter to give you food , you want him to cut it up and feed it to you also.
We are damn lucky we get this visibility and engagement from our CEO at all. Honestly you cannot please some people
Another good Q&A. He managed to subtly address the share price in the last question, shows how many fingers they have in different pies and shows how they are actively diversifying to avoid being a pure play miner.All VERY positive in my opinion.P.S. - anyone whinging about our share price see the carnage on MARA, RIOT and the other sin the is space yesterday in the US. Exactly - it’s not just us
Johnny - I think most people will agree with your summing up there, but again - do NOT blame the
CEO - the speed ticket RNS was recommended to him by their legal dept. The rushed placement may well have been because Pluto sprung it on them they wanted a second round of funding which was higher than Argo had planned for and it was time sensitive. In a way thats a good thing as it already implies the i25% stake investment is going to pay off - but it was out of character with everything else they have done and I think that triggered a few.
I am 100% convinced though this will play catch up over the next few months - all one has to do is HODL.
He does not need to do these Q&A. Sure some of this is a bit of fun, it all adds to the unique engagement. Anyone who does not think he’s taking the BUSINESS super seriously needs their head examined.
So many spread bettor bed wetterd wanting their big jump and out. Just remember that - they are not interested in this company at all - they just want their quick win and off - just ignore them - they are not part of the Argo journey and community.
Quite clearly and several times now he’s made it clear there are some things he cannot talk about , no amount of complaining on here is going to change that. You want us to lose competitive advantage or sabotage a deal?
This is also part one of Q&A, more tomorrow and more pertinent questions will be answered along with some fun ones. Personally those pictures in the background were triggering me too, so glad that was (partially) addressed ;-)
Everything Argo is doing will reward us in the future, maybe not today but please understand this - COMPANIES AND CEO’s CANNOT AND WILL NOT COMMENT ON NORMAL DAILY PRICE MOVES so please stop expecting them too.
So many people here are over exposed and blaming everyone else but themselves. If every investment was guaranteed to go up in a straight line we’d all be millionaires.
Know you are investing in a visionary company with a great CEO. If I was him and read half the nonsense on these boards I’d tell most shareholders to f-off after all he’s done in the last year - ungrateful to say the least
Its not dreamworld stuff.
Nothing has fundementally changed with the company or its vision, except in more and more positive ways since we were 300p.
You lot seriously need to stop following these BB's etc and just WAIT.
Whatever is happening with the share price recently and today is NOTHING to do with the current state of the company and the future prospects. In time we may find out if it was just the seller, a big buy order being filled etc.
Today felt more like people bailing out for other miners etc by the end.
Look at Zcash price, look at BTC price, look at our hash rate increase coming on line to take advantage of said prices.
Ignore the trolls who will come out now with their told you so and would equally disappear when the price goes up. They are not worthy of engaging.
The placement was done. The money is in the bank for operational stuff and any potential opportunity. A loan facility will be there, if not already, for the Texas expansion. I think todays BTC price has proven that selling bitcoin is not the right call to pay for these things.
Pluto will be huge for us.
In a month or two, maybe sooner, everyone will be happy again. But PLEASE don't slate the company or the CEO because of some werid share price movements - its NOT their fault.
"Word has it D2C2 has made up that he heard a rumour and is now feeling sheepish about it and STILL has not said where this word came from or what the details were. Anyone else heard anything ?"
You deserve this - can't stand people who make up stuff.
Im still at a loss mind of why there has been no RNS at all about First Investment holding reduction and all the links I go to for current holders are a few months out of date (and hence still show 14% ~41m shares)