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I’m no de-ramper in disguise. I’m just stating the basis of the conversation I had today. Check my posts I’m a holder of this investment. Well it was a brief chat on Argo specifically more then Bitcoin but he agreed that he think Bitcoin will do well in the future but just to also take all aspects of the business into consideration. I’m not trying to out anyone off cause I actually bought more today and also took part in the placing but it was an interesting opinion from someone who sits on the other side.
I was speaking to a friend of mine today who is a market maker, he suggested that the market cap for Argo was a big concern for the amount of money they are actually making. Suggested I take some profits as it could be on its way down. We had to agree to disagree but I’m not sure if we will see £12 anywhere in the near future as that means a market cap of over £4billion.
Either way I loaded up some today at @£2.40 and hoping a BTC new ATH will bring movement m
My only worry is that If BTC has a slight retrace back to 50,000 level our share price will get annihilated. I really hope this ain’t the case even tho I have taken part in the placing but I just can’t see what needs to happen with BTC to get this moving again.
Does anyone know when we expect to hear about our allocations. I did read on the subscription documents that it could close earlier if over subscribed which was not the case and a few posters have said that tried to purchase just before close that they couldn’t buy large amounts so I’m hoping we have all been filled for our original amounts. Fingers crossed.
This will hit 220 in the morning and then bounce as we will all buy them up for the cheap price. Everyone needs to look at the long term. Bitcoin is going up, we have more machines and have purchased land expand mining capacity. I’ve paid for 5K worth on primary bid. Let’s see what happens
The biggest return I know of is my colleague who purchased 100,000 shares for 3.5K and still holds the whole holding and he’s purchased some other ones at 10p which sold when they 35p. He’s not selling his 100,000 he says for at least £10 a share as he believes we will get FTSE250 and Nasdaq listing. I’ve been buying since 65p but traded them quite a lot too.
A year from today when this is sitting on £1 and has many partnership agreements and what not then the share price will not matter what it is today or tomorrow. Peter is on the board of this company and I can see him working his magic here as well. DYOR
Could potentially see Americans snapping this up when US opens. Considering BTC is down I thought we’d be looking at potentially £2.10 initially but the RNS has sure helped. Weird to think I had a dream last night waking up to find a NASDAQ RNS. Clearly this stock is on my mind a lot lol