George Frangeskides, Chairman at ALBA, explains why the Pilbara Lithium option ‘was too good to miss’. Watch the video here.
Pedrobull
Here is the source. It was an email from Stocks To Trade over Christmas.
Must confess I took it as gospel as they seem reputable.
They were actually tipping a US miner Bit Digital but it clearly quotes the price target for 2921 by Citibank BUT the way it read I assumed they were quoting 2021 for the other companies as well.
This was the email
----------------------------------------------
Bitcoin miner, Bit Digital is up another 34% with the crypto bull market showing no signs of cooling off. From here, it could move even higher, with analysts saying Bitcoin could rally well beyond $100,000. Citibank for example says we could see $318,000 BTC in 2021. Guggenheim is calling for a valuation of $400,000. JP Morgan says it could rally on a $600 billion catalyst, which includes just a 1% allocation from global pension funds and insurance companies.
The price target which I read was by 2022.
Must confess i ssumed it was by Jan 2022 so less than 12 months.
There were actually 3 investment houses who have suggested rises, the other was Citibank.
I'll try and dig out the source.
What's becoming abundantly clear is that we are seeing a major correction in the price of Bitcoin, if you think the current price is hot look at fundamentals, it's not even warmed up.
When companies like JPMORGAN indicate a price target 4x the current price inside 12 months you sit up and take notice.
Coupled with the OTC listing announced last night and an enormous private investor market who are piling into hot stocks, this really is a perfect storm for ARGO in terms of a launch pad which will see the share price rocketing on Friday and beyond.
Compared to its peers in the US ARGO already trades on an eye watering discount. The cheapest comparable stock is RIOT at $23 Dollars. A rerate the like of which AIM has never seen seems inevitable.. You only have to look at social media and the US boards overnight to see how hungry US investors are , they will absolutely devour anything less than $20 dollars now the OTC listing has been announced.
In the last week Bit Digital, MARA, and RIOT have all seen there share price go through the roof, daily 40% -60% increases since Christmas have been common They have all trebled inside 5 days.
ARGO has a lot of catching up to do but the story is only just beginning.
I dont want to speculate on where this will go but given ARGO can mine BITCOIN at the same rate as RIOT you do not have to be Einstein to work out what is about to happen.
This will be BIGGER on the US exchange than AIM by next week, it could become the biggest riser in AIM history.
They tried to disguise this tonight but they knew, they really did know, tomorrow it will explode, ARB is generating as much mining access as $RIOT Blockchain which closed THU at $23.
Now if you were an investor and RIOT kept tracking Bitcojn at $39k , where would you invest your money for best ROI ?
$RIOT at $23
Or
ARB at £1.26
This is shaping up to be a 17 × x multibagger simply to get to $23
BUT if bitcoin increases so will RIOT AND CRICIALLY so will ARB.
It came through on my cookies. I must have Googled him a year ago when he took up the position with Eurasia Mining.
https://www.globalphilanthropic.com/blog/2020/12/global-welcomes-iain-rawlinson-as-director-and-new-chair/
He was a member of this society for a number of years.
He left them a while back but has now gone back as Chairman.
Oh Golly gosh, this is entertaining.
Ian Rawlinson who has been working on the sale for 6 months appears to be taking up a new position in January . Speculative BUT it might seem like he has " completed" the assignment with Eurasua mining.
He was the lawyer tasked with drawing up contracts.
He is off to work with a philanthropist society.
Is it possible he has been given more shares than he know what to do with and is giving money to charitable causes ?
#justsaying
AND THE SALE IS NOW COMPLETE SO HE IS NO LONGER REQUIRED.