Member Info for IlIllIlI

Just checking some working out. I'm sure I'm wrong somewhere. I wondered if anyone more competent than I could confirm or correct.

Today's RNS talks of 3,497,817 being issued, bringing the total to 368,361,690. The 3 million shares are valued as equivalent to US$5 million, which I work out as about $1.43 per share. The RNS states "up to a further US$12.5m in shares at a predetermined price being payable if certain contractual milestones related to the facility are fulfilled". If we assume the same price (in the absence of any other information) that comes out at roughly 8744542 shares. I say roughly, because there's a decimal point so the price is almost certainly wrong.

The first lot of shares works out at a dilution of 0.96% (3497817/364863573). The remaining (if it's the 8.7 mil) would come to a dilution of 2.37% (8744542/368361390).

Do those numbers seem reasonable to smarter people here? I'd be unsurprised by a minor dip on thursday but I see no major cause for concern. I don't see 2.37% massively impacting share price as long as it's suitably spread out.

@mornington-oz gets it - even at 150p it's 50 bagged. 40% Pullbacks are the norm in a BTC bull run. Without pullbacks it'll just blow off early. ARB will be pulled back by drops and boosted on BTC runs. Long term anyone getting in even tomorrow will be fine. Plenty of profits for everyone.

If you're finding it emotional your position may be oversized. Consider selling a proportion off so you have some powder to re-enter or maybe have your original capital back. If you make a slightly smaller killing but sleep a lot better it's probably a good move.

The pullback is healthy for Bitcoin. To expect Argo to be decoupled from Bitcoin's pullbacks would be to expect it to be decoupled from the gains too. Ultimately Argo is on a sound footing compared to other miners and that's all that counts. The Bitcoin pullback will be healthy for price, the deeper and longer the better. If you want to see 300k BTC and it's impact on ARB you'll know volatility is a sign of a healthy crypto market.

For those who holding through don't sweat pullbacks of 20-40%. This is normal for crypto. Leave ARB alone for a while and come back in a few weeks.

For those like me who have sold out, you'll sleep better thinking of a re-entry range at the low and high end. 38k BTC Wouldn't surprise me at this point. I'm buying from 170 down or 280 up. I won't mind if ARB goes down to 110 or even 60p at that point as I'll have rebought more than what I sold for less new money than before. If it goes up to 300 I expect the bull to have resumed and at 500-1000 it won't really matter. Whether you're stacking shares or just trying to preserve profit, just have a strategy for both outcomes, stick to your strategy and GLA.