RE: Watch the Nasdaq bell ringing.24 Nov 2021 11:32
Jamins
“ nobody knows about Argo investment into these digital companies. It not even given the attention by the few who try to analyse and post their findings, let alone put a value on these investments.”
True, we don’t know the full extent of their investments, but for sure we own 25% of Pluto. Well, what’s that worth? When I bought Pluto, it was £30m. A few weeks later, I was offered 10p, making it £50m. Then it bought the YOP project from, ahem, Atif Yaqub, plus buying tokens from project startups, and we all know how lucrative that can be. Current speculation is that it will ipo in Nasdaq in 2022 Q1 at 30-40p equivalent. I never listen to speculation, of course, but that range values Pluto at £150-200m v the current mcap of £600m.
“Currently we are compared and valued on a BTC per Exohash or market cap, so are disadvantaged in terms of those miners who solely invest in machines.”
Disadvantaged? Look at the extensive peer comparisons by Blonity and others. We compare extremely well against them along a whole raft of metrics. True, no-one is adding in the value of Pluto Digital, but that’s just so they can compare like for like.
“This is where PW really needs to communicate and quantify the investment. Don’t get me wrong, it’s a good move but not unless it is recognised by those outside a bb about Argo.”
Well, it’s a good move, regardless of whether it is realised now, or later. I will welcome the recognition of the massive vale in Pluto, when I am ready to top-slice. Until then, shhhh. I’m still buying.