The latest Investing Matters Podcast episode featuring Jeremy Skillington, CEO of Poolbeg Pharma has just been released. Listen here.
Looks like some of the wulf shorts been closing. nice rise the last few trading days.
One would think that ARGO mgmt. is required to issue a statement re. their ability to continue as a going-concern. if "hope" is their only chance (ie. BTC will moon and they can pull a raise off in the next few months), then I would personally sell everything (I actually already did, over a year ago) and move on. the numbers don't bl**dy hell lie. Pride means nothing wrt to your ARG investment. Even those who have kept telling us naysaysers that we are wrong: throw in the white towel and salvage something from your investment. Don't end up becoming that "word" that begins with an "F" - FOOL. I guess it is hard to let go.
"The United Kingdom-based miner Argo Blockchain (ARBK) and Florida-based Hut 8 mining were shown as the most potentially unprofitable after halving, (at the current price of Bitcoin), with an “all in” cost-per-coin rate of $62,276 and $60,360, respectively. "
https://cointelegraph.com/news/bitcoin-miner-major-profitability-cantor-fitzgerald-research
Saw this on coinmarketcap:" the past 24 hours : BTC$BTC
71,088 traders were liquidated, the total liquidations comes in at $215.94 million.
The largest single liquidation order happened on #Bybit - #BTCUSD value $6.00M"
If I had been part of this rugpull, I would be livid.
"I don’t mind people posting about other miners as I have on occasion been encouraged to look elsewhere to invest as a result. If someone is constantly spamming a board that’s a different matter though. " - reminder: all of the folks posting here about other miners are all current & former ARB shareholders and confirmed "old-school veterans" of ARB during the last bull run. Most of their posts are not just opinions, but also partially based on verifiable facts, not fake news. If I was a newbie here, I would certainly use their knowledge to inform my investment decisions.
"Now we are closed BTC will rise typical" yea, sure. BTC could give a fook about the LSE closing.
Considering the miners got destroyed today, the shorters missed their moment of truth - yesterday...
"90 minutes later the market closed at 282p and the share price has never closed at 280p since and probably never will" - dont give em' any ideas - like a 10-1 reverse-split: some of these posters will then think they are 10-times richer......
The MM / smart money have a much better memory than retail investors. I listened to the mara analyst call recently, and the MM know a lot more than they did in 2020. Institutions will steer far away from argo. Too many other (better) alternatives. again, to those who have held, great move. think long and hard about your arb shares, going forward. GLA
Fair play for those that are still holding. however, don't be "surprised" if an offering (dilution) is announced in the coming days....
Epic. mara shorts getting roasted.
You are very wrong openheim: "When BTC was 60K this was over 300p." I actually sold a small chunk, late Feb. 2021, when ARB was at it's all-time high. BTC was not over 50k, I think it was 45-47-ish. ARB screwed itself way before the BTC all-time high and was way below 200p when that happened.
Mara shorts sh#ttin bricks right about now..
"Cant wait for mara to open hopefully a good 25% rise today" yanks goin crazy on their message boards. due to the mara short interest; they think the price could double....
"Can't really got into details here as the infos I got are not available in public. All I can say is that it could cut in half from today's price and it will be very sharp drop (even stop-loss won't work)"
you couldn't make this sh*t up.....
"His posting history is certainly quite mental and full of it... "
indeed. there several who regularly post here that to get back of their meds;.....or increase their dosage.
Every $1000 increase in BTC price = $13 mil.+ increase in value of mara hodl., excluding additional BTC mined since last update....
Mara october numbers pretty impressive. 1202 BTC, cash & equivalents increased by 150 $ mil from Sept., now at 620 $ mil.
"Hey there's one positive atleast... The miners are correlated with btc again, it goes down 0.5% and our leveraged investments (ehm,...urr...bets) go down 3-5%.. Phew"
Sad things is: if Mara announces great monthly numbers, and maybe a few other tidbits, it won't matter when there is blood in the streets like today.....seems this is more like a falling knife than a "dip".....GLA.