Member Info for HarChris

'ARBK are around 12p, how are we 10.26?'

Arbk is $1.28, $1.28 = £1.05 / 10 due to 10:1 ADS split ad you get 10.5p.
UK price is now 19.49 so completely aligned.

Shouldn't be too hard for a successful trader like you PI to calculate.

That’s right, you should all have been smart enough to ignore every holder on here from 200p all the way down to 100p then 50p then 30p and even 15p and then when 2.5p struck for all of a few minutes you should have bought as many as you could and four bagged - easy!!!

I'm being a bit disingenuous as I have no idea the precise price but you declared your buy right at the very top on Thursday and were clearly caught up in the FOMO at the time so I expect it was very close to 18p.

Because he bought back in last Thursday at 18p and isn't going to stop pumping and telling people to hold until he himself has sold out - as transparent and as ugly as it gets.

Well I was saying a few hours ago how bitfarms was valued at just 1.8 times Argo and it was as recent as last Thursday when it was 1.3 times Argo but a bit of common sense kicking in today with bitfarms up 31% - now 2.2x Argo's mcap.

End of 2024 is a long way off, 2030 is nearly a decade - they've got plenty of time to prove delivery.

That's some of the worst analysis I've ever seen. As a starting point go away and learn the difference between nominal share price and market cap... you'll find that bitfarms is valued a fair bit less than twice what Argo is currently, not 4.5 times.

Sure, call it H2 2024 and if things haven't picked up by then and they need to raise they'll do it back end of 2023 or very early 2024 - that's still a full year away.

'Like many businesses in the sector, ANGLE has been subject to wider economic and market headwinds, which have worsened during the second half of the year. Despite market conditions, in July 2022, ANGLE moved rapidly post FDA approval to complete a capital raise of £20.1 million (£18.9 million net of expenses) to support the Company's commercialisation plans through to mid-2024, and then initiated a streamlining of the Company's operations in H2 to increase cash runway further into H2 2024 in response to challenging market conditions.'

'Cash at year end 2022 is expected to be in line with expectations at c. £32 million and the Company has no debt. '

Sounds about right, $1 US = 8.2p

But I have numerous investments in the space and Argo is the only publicly listed miner with an LSE bb hence it's the closest fit - plus many of these messages are Argo investors engaging me in peer to peer comparisons.

Is your brain really too small to understand that?

And I might buy them back, it's a very well run company with huge upside potential. Today's hash rate is 6.3EH vs Argo's 2.5EH, in six months it will be something like 11EH vs Argo's 2.5EH.

One's a growth stock, the other has had to do all it can to survive.

If I had a pound for every time you claim 'HC will deny it' only for me to immediately admit that very thing I'd be a lot wealthier than I am.

Yeah I bought clsk, then the ftx fiasco hit and I managed to sell for a tiny loss at about $2.75 a share - if I want I can buy them back tomorrow for cheaper.

Maybe if you did the same with Argo rather than holding all the way down you might not be nursing such a heavy loss.

'HC, if btc drops to 5000 dollars, which I don’t think will happen, hut8 are in trouble I think. '

In this extreme example Hut8 would be free to sell 9100 bitcoin all the way down to free up liquidity so let's say they sell all 9100 bitcoin for $12k average = $110m, that's $110m of liquidity in the absolute worst case scenario and STILL they've managed to hold onto their facilities so are doing better than Argo.

Argo meanwhile would be burning through the last of their cash at a phenomenal rate at $5k bitcoin. The two companies and light and day.

The maths is useful to assess the long term, not the short.

You're worried about Hut8? They have 9100 bitcoin so if necessary can dump them to free up $155,000,000 of cash.

Why not put some research behind your thoughts?

Every single one of my holdings is in profit and that's a reason to criticise me?! In a bitcoin bear market?! Okay then.

And for the record if you buy Argo at 150p, 100p, 40p and 20p then some more at 3p, it does not mean you've four bagged at 12p, it means you're down a ton.

Anyway it was a legit question for Poorinvestor, you're trying so hard to prevent any debate whatsoever on here.

You think Argo is one of the *few* miners to survive this bear market?! Do share when you expect Riot, Mara, Bitfarms, CLSK, Hut8, Hive, Iris, Cipher to go bankrupt...

tekanalyst i'm not sure to be honest but the lithium-ion gigafactories are far larger than 330MWh, often measured in the tens of GWs.

As always I just try to share what I think is going on and whilst the rampers don't like that, the truth is i'm far from deramping, in fact I've said all week that with sentiment so strong there's no knowing how high this goes. And it's been genuinely intriguing to see just how high this went, far higher than I thought it would (without a bitcoin rally side-by-side)

That's very different to those that keep screaming for this to go lower, I think anyone trying to play on people's emotions in the moment is despicable.