Member Info for HarChris

https://twitter.com/BigBiteNow/status/1448615151310102538

A good account to follow if you don't already...

Well following on from my earlier post, at sub 112p I make that even less of a downside and even more of an upside...

Took my third and final lot of 8k shares, locked and loaded now - fingers crossed bitty doesn't disappoint!

I've rebutted some derampers on here for days questioning their claims that institutions will be dumping - there it is T. Rowe Price continuing to build, crossing the latest threshold two days ago...

I assume he is referring to dilution Argobull, hence market cap rising without an equal increase in share price

I mean in the short term anyway. Of course this could go below the placing price a little further down the line but the placing price is a clear support for now.

Think you've got it the wrong way round. It would take BTC crashing for this to go below the placing price of 1.10 and stay there so from here there should be very little downside (current buy in price is ~115p) .This was trading much higher a month ago when BTC was between $43k and $47k and we've now had weeks of nasdaq churn complete so if BTC breaks to the upside and the brakes are let off here we could easily see £1.50 in a flash and £2 should not be ruled out, short term.

I make that something like 5p-10p downside and 35p-85p upside, barring a major crash or a parabolic rise.

Rewind 5 years, almost to the day, ASOS posted group revenue of £1.4b and pre tax profits of £32.7m - the share price was £53 and went on to rally in the forthcoming months. The company has grown so much since then and the world has embraced e commerce with growth set to continue and yet near term headwinds cause the share price to fall to less than half of what it was all that time ago. The risk/reward here has got to be strongly in our favour now, right?

*20% more shares since Oct 2016 so comparison is exaggerated slightly.

@hey arnold it's quite clear that you're very bearish more generally and see a market crash around the corner. It is also clear that you finally feel vindicated with the fall in boohoo and asos after banging on about rotation out of both of them for about 18 months now - I remember you posting regularly about it from at least as far back as August 2020 if my memory serves me correctly.

I don't agree with your thesis that IIs are offloading, or at least not until I see proof. The only notifications we've had recently is T Roew Price increasing and a couple of director buys, one of them quite meaningful today at over £100k.

More likely it's the shorts having the greatest influence, taking advantage of poor sentiment across the online retail sector.

180 hasn't gone yet just because it dipped below - I just jumped in finally at 179p, been on my watchlist again for ages. GL all.

I probably should have kept my irritation to myself, I'm sorry for suddenly calling you out... but I saw you post rampy comments day after day after day that never materialised. Now again you failed to recognise how beaten up the ASOS stock was already before your comments. You think it will fall 5-8% a day for a few weeks from £23.50 a share (when you posted that)??? That just isn't happening and is a ludicrously poor understanding of share price dynamics.

It might fall another 5-8%, it might drop to £20, but the real panic was over and done with by the time you started making your predictions.

IF, and I'm only saying if as we can't know for sure, you are masquerading as a GP on here when in reality you are anything but, AND you are spreading vaccine misinformation... well I can't think of anything as immoral.

I was expecting a bit of a move in the run up to the AGM so this drop off once again is a little disappointing - still here's to the new chapter from Monday, dear god we need it!

This is a chance for the rest of the IPO shares to be churned through - as long as BTC pushes on to those ATHs this should be the base in which the share price takes off from.

@kindness you are one of the absolute worst predictors of share price direction I've seen on these forums. After ramping day after day after on here claiming £4 was coming in August and September you then turned bearish and have been all doom and gloom.

Your latest prediction was 5-8% falls a day from Tuesday onwards at Asos and it has not done that, it finished more or less flat yesterday and same again so far today.

Face it you have no idea when it comes to share price action and you're invariably getting it wrong. God knows how much money you're currently losing!

It really isn't that bad as a worst case scenario, it would be a rare instance where it could prove extremely fruitful to hold on to your losing stock. There has been so much investment here that this won't return to anything like 25p unless BTC drops to such a level for a long enough period that insolvency becomes a serious threat.

PW leading people down the garden path?! If anyone has attempted to lead investors down the garden path it's you Tiger making up out of thin air that you have ex colleagues and contacts in investment banking giving you heads up and assurances and that you GUARANTEE this will fly and reach x price by x date !

It's really time you stopped all this.

'Bitcoin may dive to 15000 dollars in the next year. That would see Arb at a max of 25p and possibly lower.'

BP this is a very common misapprehension. As a thought experiment let's go through why.

Well let's say it fell to $15k by the start of 2022... Arb's HODL would be about 2500 at that point. Now many miners would have become unprofitable so global hash rate will have fallen substantially... let's say it's 40% of what it is now (at such a low I assume it would be even less). With this adjustment and Texas expansion full steam ahead we would soon be looking at mining something like 950 coins a month or a run rate of 11500 coins a year!

So HODL 2500 x $15k = $37.5m to start with, plus we would still have substantial cash on hand from the IPO, call that total ~$70m/£50m.

Mining 950 a month the risk/reward potential would keep Argo, at least for some time, at more than 25p/£116m mcap. After all, if BTC were to recover just a few months later they'd be sitting on 5500 BTC just to begin with, if it were to go on a run 7 months later you might be looking at a HODL of close to 9000 BTC.

If this were to happen it sure would get interesting though.

That's also true of any commodity miner, on the whole.

When he says his concern is dilution what he really means is 'I want you to be as concerned as possible about dilution so as to help pile on the pressure and push the share price even lower so I can get the entry I want'

We are talking about a very small dilution in the grand scheme of things and yet yesterday he insinuated there might be a risk of insolvency soon and the lights going off.

The fact that he is still here bleating away means he is immune and shameless and probably won't stop unfortunately.

It is quite possible that with the ever growing interest, manufacture and uptake of VRFBs and the strategy of building one's way out of the covid recession that FeV rallies and stays high throughout 2022 - we could then quite conceivably be looking at EBITDA next year of $90m+ and the electrolyte plant completed.

Current market cap of $155m is a gift.