Member Info for LongInvestor

"So for facts here, your saying it WONT reach 20-30p in the next year or sooner? just so i can reply to the post:)"

I'm suggesting an investment in those listed, or even better, split across all of those listed has a MUCH better chance of out performing ARB during this bull cycle.

DYOR

"Imho can see this settling at 20-30p in the near future"

Anyone suggesting any price in this region, clearly doesn't know ARB's history.... This stock is a pure gamble, waiting for the inevitable next raise and big fall.... don't get caught holding the bags!

If anyone is considering investing/gambling here, first, add MSTR, WULF, CORZ, CLSK or DAGB onto the same chart as ARB. You will see there are much better options out there in this sector, which have given much better returns, all can be added to an ISA and are much safer.

@somepikey, you should look up FCA’s rules about TR-1’s - then ask yourself why there hasn’t been a legally required submission by the ‘investor’, who would have well over the % threshold requiring them to notify?

If the investor still had their 76.9million shares, there would have been a TR-1, however, there’s not been… if you check the volume traded on 2nd and 3rd Dec, you will see the ‘investor’ has already sold them, got their money back along with a nice profit.

"Sounds like maybe they needed the funds fast. Not sure what was in it for the investor though."

The II has forward sold the shares and made a profit already on the transaction, you only need to look at the volume over the last few days:

2/12 - 93.3m shares traded (Low 6p / High 8.24p)

3/12 - 38.7m shares traded (5.5p / 6.25p)

As the average volume is 3m ish, I therefore suspect the II has forward sold all their 76.9m shares on 2/12 for a quick profit of around £1 - 2million - that's what was in it for the II.

"I would be happy if our community say/vote where we will post next." - if staying in LSE, as the majority of talk is across all mining / BTC related stocks, moving to DAGB board could make sense?

The potential problem for that, is it's not as well known, so could be quiet.

@Chaebol - thanks for that link, interesting to read this

“ In due course, all or some of the Company’s Australian entities may be voluntarily or involuntarily wound up by the Company or through proceedings under Australia law. The Company is also considering whether it should retain or divest other holdings in Australia including an equity ownership in TDI, an Australian Company.”

So, as that was March ‘24, you would hope they have made a plan for this!?

Here's what I could find on Mawson chapter 11 story.

Bloomberg article - https://news.bloomberglaw.com/business-and-practice/creditors-file-bankruptcy-case-against-mawson-infrastructure

Official Form 205 - https://pdfhost.io/v/E.iTMIvu9_Microsoft_Word_B_205_121571315

Notices

https://bkdata.com/business-bankruptcies/delaware-delaware/12-04-2024/mawson-group-12726

https://publishednotices.asic.gov.au/browsesearch-notices/notice-details/MAWSON-INFRASTRUCTURE-GROUP-INC-649261861/0ded40e7-cef8-4103-acbf-e68558a1d126?appointment=All&companynameoracn=649%20261%20861¬icestate=All&archvd=0

@Somepikey - You forgot to mention that your post was written/made up by ChatGPT! ;-)

(Some AI responses are very easy to spot...)

"Where is most liquidity for bitcoin now on lse?"

If looking for BTC exposure inside an UK S&S ISA, a good option is to fill out the W-8BEN form at your broker (which allows you to buy US companies), then get some MSTR (MicroStrategy) - it has been out performing the miners of late (up 451% YTD and likely to keep going whilst BTC is in a run )

"All us old timers know this will rise soon" - Possibly, but not before it drops another 10%.... ARB always falls to subscription price, whilst the II gets their money out! The current major shareholders are:

Armistice Capital LLC - 57,700,000

Thomas Chippas - 2,375,000

Gesalcalá SA SGIIC - 314,363

Compass Asset Management SA - 150,000

Matthew Shaw - 137,289

Sandhill Capital Partners LLC - 41,000

Maria Perrella - 6,000

So, today's II would place them as Argo's largest holder (however suspect they have already forward sold many of them).

Every raise to date that I remember, Argo's SP drops down to the price given to the II... I expect the same to happen again!

45million shares traded so far today (Google shows average vol as 5.87m), so likely the II that got those 76.9m shares at 5.5p is currently offloading them for a quick profit?

Following today's RNS, where it's stated Thomas Chippas received 2,735,000 shares, I just checked the RNS from 27th November last year, following his appointment which states:

"In connection with the appointment, the Company has awarded 2,850,000 performance share units relating to the Company's American Depositary Shares ("PSUs") to Thomas Chippas. In accordance with the Company's remuneration policy, which applies to the Company's CEO, the PSUs contain performance conditions relevant to Mr. Chippas' role. The PSUs vest over a three-year period, with first vesting occurring twelve months from the date of grant (at which point up to one-third vest), the second vesting occurring 24 months from the date of grant (at which point up to a further third vest) and the third vesting occurring 36 months from date of grant (at which point up to the final third vest), subject to the continued employment of Mr. Chippas and satisfaction of the performance conditions."

So, 1/3rd of 2,850,000 is 950,000, anyone know why he received 2,735,000 ????

"Clean spark folded on Thursday glad I don't have any"

I think you need to get a better source for your news! :) (They suspended trading due to incorrect reporting of warrant numbers, now corrected and CLSK up 23%)

Be careful with KR1 folks, it's listed on Aquis exchange and liquidity maybe an issue when trying to exit!

Does this convergence of cooling technology, with liquid cooled rackmouted servers from Bitmain make Galaxy's (Argo's and others) immersion facilities now lower value & soon obsolete?

https://hut8.com/2024/09/19/hut-8-and-bitmain-expand-innovation-partnership-with-launch-of-next-generation-bitmain-miner/

I sold more last night, c30% of my WULF sold this week (I will never hit top or bottom, so find taking profit, selling into strength a good strategy).

I suspect the next move for WULF will be towards 3.50 as RSI now looks overbought. What's your target price Dags?

"Any tips long investor, I’ve got loads of dry powder?"

DAGB has been doing well the last few months, they are buying/selling the individual holdings on a daily/weekly basis, so have been catching rises. It's my 'lower risk / catch all' basket.

https://www.vaneck.com/uk/en/investments/crypto-etf/holdings/

I've sold some of mine too, banking almost 100% profit :)

Does anyone know why there's so much interest in WULF since the update on 4th June?

https://investors.terawulf.com/news-events/press-releases/detail/79/terawulf-announces-may-2024-production-and-operations-update

12% up yesterday and currently +18% now - which is great as I'm a holder, just wondering when everyone's going to cash in...