Member Info for HarChris

Yes I did mean to add IMO, of course the share price could keep going up forever and poorinvestor becomes richer than Elon Musk, nothing is impossible.

2021 should be an example to all of the difference between fundamentals and sentiment driven overvaluation and also how long it can last. Someone shouting about value throughout 2021 would be banging their head against the wall whilst everyone else tells them they don't know what they are talking about. Argo was obviously not a £b company in early 2021, they were 1075PH bitcoin mining company with ambitious growth plans yet for a period of time that's what the valuation was, that's what investors were willing to pay for a small slice of the company.

During pumps like this week no one knows how big they are going to be or how long they are going to last so you will find people jumping in however high it goes, often because of how high it's gone (there's a few on here that dived in at 18p yesterday for example).

Argo is still in the honeymoon period after their recent news but it won't last forever and the reality will kick in, unless of course bitcoin suddenly rallies and gets everyone caught up once again. Most on here know that and that's why it's essential to pump as hard as possible.

If I was holding now at 12p I'd be praying bitcoin does something before January's out.

I don't know for sure what they are worth until we see the Q4 report, sure. My guess is that liabilities are now greater than assets and for a loss making company in a sector that is very out of favour that to me offers up very little value. Whether that be 2p, 4p or 6p I don't know but imo it won't be anything like where the share price is now.

I'm only responding to your post, I'll be posting a lot less if the likes of you and bitcoinedd don't keep tagging me in posts!

Personally I'd say the fall was exaggerated due to all the recent examples that highlight the risks out there right now - AGL is not in the same situation as DeepVerge or other examples however so I decided to just make a purchase down here.

'They never admit it' - yes they do. In fact I just did.

I believe this is a £30m mcap company fundamentally that is being pumped but it will take some considerable time to rerate back down to match the actual fundamentals. Or bitcoin will rally and Argo will find fair value eventually higher than 5p.

0134, I mean bitcoinedd is kinda right. For me the 'value' of a company is what another entity would be willing to pay for it, I don't think any buyer would be interested in Argo all the way down to about 4p given their level of debt, their inability to make a profit unless bitcoin jumps more than 100% and having sold their flagship asset that had the potential to be worth a lot given a bitcoin bull market.

At the same time none of that matters in the very near term and if bitcoin were to start to rally alongside it's not impossible that this goes to 25p, 50p even a pound... will it stay there? No obviously not, eventually fundamentals catch up like they did in 2021 but there's money to be made in the meantime if you're agile enough/have luck on your side.

I'll stick to companies that can do 10X and have no risk of going to zero within two years.

The amazing thing is they literally had two choices, sell Helios or issue millions of shares at 2.5p - long term the outcome is the same but short term the former has tricked the financially illiterate into thinking something different and now we are where we are.

'True value' if there were such a thing is below 5p right now (all things being equal) but that makes not a jot of difference with sentiment like it is.

donotpanic that's not how placings work, PW doesn't just go 'share price 18p so placing 17p', he needs to be able to attract tens of millions of dollars of investing. Professional investors don't raise following a pump and dump.

Bitcoin will need to make a meaningful move and PW will need to sell the growth prospects if they are to raise the cash needed to progress.

What an odd comment. I'm the only non holder that's been positive this past week, the only one to carry on debating instead of hiding away, the only one to enjoy seeing such crazy price action.

I used to enjoy engaging with you PI but you've gone full blown mindless ramper.

Not questioning that denis at all, forced hand but a very good deal given the circumstances.

Someone might have said that but I certainly didn't nor did Hexam, we pushed back on the claims that it's worth $200m+ *in this climate*.

The key was to hold on to it until the next bull run if they were able to, which they weren't.

Or another way to look at it...

With Helios still owned, bitcoin a good 20% higher than it is now and long term growth still a very real possibility the strategic investor walked away from the 27p placing.

Two months later Helios sold for a third of what holders claim its worth, 750PH/s of new machines sold for a fraction of what Argo paid for them and some think Argo is now worth as much as the SI thought it wasn't worth prior to all of this?

Okay let's switch it up then and add some positive vrfb updates from today:

(i) https://twitter.com/LPVanadium/status/1611020060210106369 6mw/36mwh, 330t V205 for this project alone, constructed in just three months and connected to the grid

(ii) South Korean flow battery company H2 has raised $18m and is constructing a 330MWh VRFB factory

Vanadium is the place to be right now.

Bolloc** is PI ever right, that's like saying I get a lot of coin tosses correct. It's simply a default position of predicting the share price to fall at every turn. Share price goes up 10%, 'expect 10% drop tomorrow', share price hits new lows 'this will go lower still'.

PI called a big drop every single day from 60p to 80p to 110p to 130p to 160p. It's not hard to eventually be 'right' after a near 200% increase... One day they'll be news on top and PI100 will be convinced the news is 'a meaningless contract', is 'full of hot air', 'won't be delivered' etc and will be wrong and the share price will be up and away.

So why aren't you making an absolute killing PI100 if you're so very clued up on exactly how each day's price action is going to play out?

Luck plays an enormous part in price action at times, especially stocks that see sentiment switch on a dime - any positive rns landing back end of last week / early this week would have seen the share price shoot past £3, dispute landing in our favour maybe £4.

They'll be other times like this in the months ahead.

As it is nothing came and we've seen a steep reversal.

Deaf ears***

Awful typo sorry!

I'm sure the Q4 reports (when Argo finally puts out a quarterly again) will show the gulf in assets/liabilities between a company like bitfarms and Argo but for now it really makes no difference and shouting about this being overvalued will fall on death ears (and rightfully so when looking at the price action).

Fundamentals do eventually matter but that's not for today, tomorrow or even next week.

For us it's simply patience now, to wait for everything to unfold as expected, for the EV revolution to continue to pick up speed, for TGR to meet their operational objectives, for the graphite shortage to begin to bite and for attention to turn to the publicly listed graphite producers.

Things could be very different in just 3-6 months.