RE: Morning ALL6 Jan 2023 07:30
You forget that when we were at 30p, all other miners were also a lot higher than they are today.
Look at the charts for Mara, Riot et al for October to now.
If no bad news had come Argo’s way since October, we would have dropped from 30p to 10p just like everyone else did in %age terms.
So our SP now is fantastic in comparison to others.
On the flip, we could argue that we never should have dropped as low as 30p in the first place. So maybe this rerate is entirely genuine. Let’s hope so!