Member Info for Lolades78

The price of the IPO was set by the brokers in charge of it. It was an 18% discount to the closing price on the 10th which was referenced in the RNS on the 14th. It is the brokers who set the IPO price not the company.

Argo have several ways to pay for future development without further dilution or sale of BTC. I think we'll get the operational update this week. Don't forget they have a lot of things going on this month so a slight "delay" is nothing to worry about.

On low volume trades so nothing to think about.

Recent big buys have been around $4000 each. Also mentioned in a few interviews from other miners who recently purchased as well as operational updates. PW also mentioned that rig prices had gone down considerably lately.

The price of rigs is more likely between on average around $4000 looking at recent buys by a few other miner including Riot and Hut8.

As 600Thieves pointed out this could be paid in several ways including selling part of our Pluto investment when it IPOs as payment for the rigs will not be required until delivery in stages in Q2 2022.

Thank you, 600Thieves. It's a shame with the '1 poster' brigade but every share has them. Good that we have plenty of posters with more thought-out views.

Eddie, I think 600Thieves's post highlighted some very good points. In particular leasing rigs and selling part of the Pluto investment for further development and rig orders without the need for dilution.

Also a reminder that we still have a priority delivery agreement with ePIC which I believe will come to fruition.

A very good and thoughtful post as always, 600Thieves.

I also see leasing (as Argo have done with great success and a very good return) as a way to further fill up Texas without the need for dilution.

Also using Pluto shares to pay for additional building and machines is my hope as from what I have seen with the Pluto updates they have done very well with their investments and I think once they IPO there will be a large return on the 25% ownership of the company that Argo have.

I also think that Argo's decision to leave the deposit with ePIC shows that there will be a delivery there in the near future which is especially good considering the shortages in the world.

Ah trolling are we? The IPO and 30% drop that has already happened? I guess you'll be waiting a long time then.

MrDribbles, we've already hit 30% and formed a base here like the others did.

Hut8 and Bitfarms both dropped 30% after their Nasdaq IPOs before moving up considerably.

A lot of Hut8 shareholders were ****ed off and sold the bottom before the rise to a new ATH. So this isn't an Argo only thing or because of the coming operational update. It has happened time and time again with miner IPOs. The only question is whether you sell the bottom or hold until the rise.

They bought them at the IPO price with their own cash. It is there in black and white. I really don't see the point you are trying to make except spread misinformation.

Again someone who can't be bothered with the slightest bit of research.

The directors bought 5.6million shares in the IPO with a lock in period. So yes, they have been buying. They also have an option to buy another 5.5 million at £1.57 which is clearly no discount given.

Over the last few days several posters here have tirelessly posted examples of other miner IPOs and a consolidation period which followed them all before they had large increases in volume and a big SP pump.

This has been posted continuously yet some people continue to moan and repeat the same lines over and over.

Maybe you should listen to the information that has been given time and time again by some very patient posters. Or moan somewhere else because if you can't be bothered to look at the information given or do some research of your own it is simply your own fault for how you feel.

I read this morning that September was the worst month for Nasdaq since May. That drags everyone. Today global markets seem to be on the move up which will certainly help things along.

It's lolades. Not that difficult to take the time to write someone's name correctly. I did for you.

It's not my fault or anyone's here that you have not followed the information given by the company and examples given by members here and analysts.

I'm seeing a lot of 1 posters today so I'm gonna leave this for now. It's sad how some people do all they can to twist truth or do not spend the time to do their own research.

Melissa, don't take this personal but you clearly have done zero research into post IPO consolidation or seen the miner IPO comparisons that have been given. Or you're just trolling. Could be either one, tbh.

Nice cross ramping.

Misterbeck if that were true then people should have sold when PW did at 29.5p.. you know, before it pumped up to over £3. It's amazing how some people twist facts and straight up lie about PW's share trading. He also doubled his shareholding with his last sale. That also seems to "disappear" with their stories.

Bluhope, an extra half a billion shares?? I've seen some bad deramping but that takes the cake. Jeez.

The BTC sell was well timed before the dip. I would be interested to see if they rebought some or all of what they sold with the IPO money during the dip.

Yes to $50k. The rest is too much info, Duke ha ha