Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
Yeah I’ve shared on stock twits. Surprised no RNS out about this, but “viva Mexico!”
Sorry seen someone else already posted this.
So we’re trading in Mexico now? https://www.wsj.com/market-data/quotes/mx/xmex/ARBN
Oscar you have to understand that If they do ADRs the price in US goes up but the shares count decreases for current holders. My account balance will be the same before and after. Of course up-listing spikes it a bit and long term holding will show an increase in balance but don’t confuse the increase in stock price due to ratio prices as more money in your pocket directly. Arb LSE stock stays the same price, but will increase due to more exposure because ADRs are hopefully listed on Nasdaq. Again I’m not the expert.
So if they do ADS and they say do a 4:1 ratio to the common stock, does that mean current shares outstanding of 381 million will go down? If they did half of 381 million which is roughly 190 million and did 4:1 it would be about 47.5 million shares added to the 190 million remaining brings it down to 237.5 million shares outstanding. If price of US stock was 1.50 it would now be $6.00 and we’d qualify for nasdaq based on that price. If they went with a higher ratio they could really bring up the stock price in US and really bring the outstanding share totals down. Solves two problems. Also when they do an offering it won’t hurt the outstanding shares count as bad.
That damned Peter is a crafty one.
****Unless I’m full of crap. After all I’m only thinking out loud.
Kind of a back door way of getting stock price up for up-listing. It’s like a reverse stock split. Another way for foreign companies to get on Nasdaq. I’m of course no expert, and this is all my opinion (at the moment).
I’m thinking Nasdaq. I read this on the Nasdaq website and it fits perfectly with the RNS. Level 3 ADR allows for IPO. Also they can issue more shares if wanted as well as combine common stock into ADRs at what ever price needed per share to enter a specific market.
https://www.nasdaq.com/articles/what-adr-and-how-it-different-regular-stock-2018-10-24
The lower amount of reliable information makes level 1 ADRs riskier for investors. Level 2 and level 3 ADRs, meanwhile, require the issuer to register and file annual reports with the SEC. Level 3 ADRs have stricter reporting requirements than level 2 ADRs. Level 3 ADRs represent an initial public offering (IPO) on U.S. exchanges. An "IPO" is when a company's stock first becomes available to be purchased on major U.S. stock exchanges. Level 3 ADRs therefore have the added ability to raise capital through a public offering on U.S. exchanges. In order to register the public offering, the ADR is required to file a Form F-1 with the SEC, which entails additional transparency and regulation. For more information, read this page on the SEC website.
5:10p ET 5/13/2021 - Dow Jones
Binance Is Under Federal Investigation. Bitcoin, Coinbase, and the Crypto World Are Reeling. -- Barrons.com
Mentioned: BITQ COIN GBTC RIOT
By Daren Fonda
The world's largest cryptocurrency exchange, Binance Holdings, is under investigation by federal authorities for money laundering and tax evasion, according to a report in Bloomberg.
The news is sending another shock wave through the crypto market. Prices for Bitcoin (BTC) and other cryptos were already reeling from a tweet by Tesla (ticker: TSLA) CEO Elon Musk, who said that Tesla will no longer accept payments for its cars in Bitcoin.
Coinbase Global (COIN), the largest publicly traded crypto-exchange, closed down 6.5% to $265.10. Grayscale Bitcoin Trust (GBTC) was off 11.4% to $37.18. Riot Blockchain (RIOT) was off 16%. And the newly launched Bitwise Crypto Industry Innovators exchange-traded fund (BITQ) ended the day down 7.5% to $21.49.
Binance, which is incorporated in the Cayman Islands, is being investigated by the Justice Department and Internal Revenue Service. According to Bloomberg, "officials who probe money laundering and tax offenses have sought information from individuals with insight into Binance's business."
Binance says it has a "robust compliance program that incorporates anti-money-laundering principles and tools used by financial institutions to detect and address suspicious activity," according to a statement emailed to Barron's. Binance cooperates with law enforcement, the firm said, adding "we don't comment on specific matters or inquiries."
Regulators have long had concerns that cryptos are funding illegal activities such as money laundering or tax evasion. Hackers also appear to be trafficking in cryptos. The operators of the Colonial Pipeline paid Eastern European hackers a nearly $5 million ransom in an untraceable crypto after its pipeline was hacked, according to Bloomberg.
The scope of the Binance investigation isn't known. But the market is interpreting it as the "start of a long-feared crackdown on the crypto space by the U.S. government," according to BTIG analyst Mark Palmer.
Crypto exchanges have been hacked and accused of price manipulation, and regulators are working on a comprehensive set of rules to govern the exchanges and broader crypto trading markets.
Palmer, for one, views the dip in Coinbase's stock as a buying opportunity. He points out that Coinbase, unlike decentralized exchanges, built its platform on a centralized model and has long cooperated with government regulators.
"We expect the Binance news to serve as a net positive for COIN as it seeks to grow its retail and institutional business and to increase its share of the world's crypto assets on its platform, which stood at 11.3% as of March 31," Palmer wrote in a note on Thursday.
He reiterated a Buy rating a $500 target on the stock.
From Argo blockchain.com
Justin Nolan
VP of Business Development
Justin is leading the development of Argo’s mining facility in Dicken’s County, Texas. Prior to joining Argo, he was the CEO and founder of the Helios project, which Argo acquired in 2021. Justin also worked as the Senior Development Manager at the Howard Hughes Corporation’s and before that, he founded BuildingBlok, an online construction management startup, that was acquired by the Contractor’s Register in 2014.
Forum troll
https://i.kym-cdn.com/photos/images/original/001/360/774/f95.jpg
Many thanks to all. Very exciting future indeed. March/Feb will be game changing. My confidence in this company and its leadership Remains high.
To be fair and accurate Peter never said we are moving away from mining Bitcoin. I’m not saying this at all. Don’t take my question that way! Please
What do you guys see Argo doing with blockchain technology in the future. Has Peter discussed this? I believe smart contracts may have been mentioned. Peter did say Bitcoin mining will be a part of Argo but we are firstly a blockchain company. I believe Argo is using investors and mining to build up money for their future blockchain ideas and of course whatever other diversification we can make in this space. I think Argo is just accumulating money with Bitcoin. Bitcoin is not the end game.
Cool thanks Herdie.
Peter’s got it. Many others as well. I must have missed this.
On OTC. Lots of Penny flippers -no long term players yet (maybe a few). Long term players holding(the ones who got in early enough).... might as well be non existent in regards to current price fluctuations. Flippers are in control on low volume here in the US. I don’t think many are willing to wait as long as it might take for nasdaq or Texas as they are not sure how long Bitcoin run will last. People won’t wait not much patience IMO. Nasdaq would get there attention again though.
Yeah. He’s not quiet.
Allow me to share. Please locate Peter Wall’s reply to Andy.
https://twitter.com/___andy_o___/status/1374082300468690949?s=21
Thanks rookie, It’s kind of a this is the way it works but new factors could alter. Guess we’ll see.
Glad to hear I’m not the only one thinking contrary to popular belief. It’s easy to assume the past, but landscape is changing.