Member Info for HarChris

@troublesome agree with that, I think all that is uncertain is how that will translate revenue-wise. That's no fault of the company, it's simply the circumstances of being in this position for the very first time.

In my opinion Sibonas the points and frustrations you've discussed can be easily explained. What's happened to novacyt is unprecedented, it really doesn't happen very often. To go from a turnover of around £10m and loss making to nearly £300m revenue with a stonking £130m profit after tax (okay some of which is in dispute) is unheard of.

Many CEOs would have seized the moment and pursued acquisitions and growth aggressively, building excitement and with it the share price. This would have been a far riskier strategy and if money was used poorly and the strategy executed badly they'd have found themselves near enough back to square one in a few years time - but we'd all have been rewarded significantly in the meantime.

Instead GM went for the prudent approach, focusing on maximising the opportunity covid had presented and taking more of a slow and steady approach. There is a lack of clarity about the future direction because the board probably doesn't know yet exactly what direction they are going to go in, what the company will look like in a year from now... it is still too early to give any reliable forecasts for 2022 and equally GM is not the type to try and impress the market with hot air, but what we do know is that they've proved they can seize an opportunity when presented with one and there's no reason to think they'll be any less successful now they are fully financed beyond their wildest imaginations.

I am certain at this stage or at least very soon there will be a switch in focus to the longer term strategic plan and we'll start to be fed more information in this regard.

@Hillseeker, in that case the view I take when investing is that I must wholeheartedly trust the BOD. If the board need to raise capital for whatever reason I give them the power to do that - if I don't like what I'm seeing I pull my investment rather than attempt to rein in the board.

In all honesty though I don't know the answer to your question about the downsides.

Caddor, you doubled the price of what you think BTC will be after the halving but you didn't halve the number of bitcoin mined?

@HillSeeker I am doing exactly that, didn't vote first time but this time voting yes to all resolutions.

By the way can I just say what a breath of fresh air you are... without doubt one of the best posters I've come across on the entire LSE.

Of course there are going to be some sells, this just rose 15%. Fortunately for us the buying should still outweigh the selling all the way up to ~80p unless Oliveira or someone else starts offloading.

Lolades thank you, I'm careful not to deramp despite holding out for my 114p buy order. I'm reserved now to the strong possibility that bitcoin pushes on past $50k and the shorts relinquish their grip - if that happens this zooms past 130p and away.

There's no doubt that this is a good entry price for long term holders and believers in bitcoin, the problem is traders will sense a cheaper entry following the operational update this week. Those in the former camp that aren't already overexposed might still buy at this price in case bitcoin goes on a run before the update but the rest will hold back and others will be shorting it still.

Although as you would expect from the MF it is lacking detailed analysis, all in all this article today is fair and balanced https://www.fool.co.uk/investing/2021/10/04/argo-blockchain-shares-buy-sell-or-hold/

It does make you think it must be an algorithm/automation behind that price target, no human being is going to move the goalposts by one pound when the share price moves as much as five pounds on a volatile day.

I'll tell you why I called you a deramper and it's because I've noticed previously when the share price was falling you popping up saying 'anyone know why?' and insinuating we had bad news on the way and yet when it's rising you quickly pop up to assure everyone there's no reason for it.

You may just be a perpetually negative person and in that case I'm sorry for calling you out but I'm just always suspicious of so called holders that are expecting the share price to go lower and lower - wouldn't you sell and buy back in that case?

Sometimes it's just nice to be reminded of what happens here every couple of months (slow and steady fall eventually followed by huge 40% jump in a matter of days).

I do agree with the resident deramper though that there's probably little substance to it besides it already being oversold more generally and the bottom being in.

I did argue vigorously on Friday that ~270p will be the bottom as the attempts to push it lower had failed. This morning is even more confirmation of that imo.

It's the guise used to help maintain the downward pressure and short attack - in reality there isn't a great deal to be concerned about imo.

Hahaha the share price jumps and Mumbo_Jumbo quickly comes on to try and quell the hype and excitement.

The SP action as things stand is having no effect on the company so it does not matter one iota.

It will have a small impact if the share price is still this low when the CLNs are converted in November but there's plenty of time before then for a big rise.

I think it'll be tomorrow instead.

levincool, in my previous post I was trying to highlight that the market cap of AIM companies rarely reflects the value of a company in the short term, the share price is often exaggerated significantly either way. I feel the £10+ SP last year was inflated and I feel the current share price is deflated, with a fair price (and a buyout price if it were to land this morning) being somewhere in between.

Otherwise I completely agree with your post, if revenue is beaten in both those periods the share price will likely soar and rightfully so, probably back to around ATHs, as we will have proved that we do not rely on covid to be successful (or that covid revenue is not going away).

I suppose the conservative target I made is to cater to the many on here that rightly are irritated and annoyed by wild predictions that have failed to materialise time and time again and I don't want to be seen as adding to that.

Not exactly, I suppose anywhere 6-12 months roughly speaking, but of course it will happen overnight if we get a very favourable dispute resolution.

Personally I'm waiting til the operational update is out the way to buy back in. It's unjust but the fall in revenue/BTC mined will likely cause the share price to fall which could offer up the best possible buying opportunity.

Unless of course BTC skyrockets in the meantime.