debt was just a question if you read it right. I still can't find any RNS about an Argo sale so can't really believe any of you. I mean they were bigging it up in Dec 2019 "This was also a period in which Argo Blockchain embarked on a revised strategy, resulting in a very substantial increase in the number of machines that Argo is using to mine leading cryptocurrencies. The most recent update from Argo stated that it intends to have installed and to be operating a total production base of approximately 17,000 machines by the end of the first quarter of 2020."
most investment firms would have left some % behind or just sold half to get their stake back. Argo looks like it will go to the FTSE 100 at this rate, and their stake could of been worth hundreds of millions, now it seems the company is struggling with debt???!!!
thx for the info spaghetti. I read allt the RNSs but no mention of the Argo sale for some reason so assumed they held all shares and was ready to jump in here. 15p sale you mention was really a monumental life-changing mistake, I mean they bought in at 3p! which is a 100 bagger already!
even if they sold at say 100p they'd still be laughing. the KNB profit sale today is meaningless as I would like to know how much they made on ARB but no info is disclosed.
thx for reply. I see they bought in at placing price of 8p and 3p in Argo Blockchain. Any ideas what price they sold at? I can't see anything in the RNS...can anyone help?