Gordon Stein, CFO of CleanTech Lithium, explains why CTL acquired the 23 Laguna Verde licenses. Watch the video here.
This fool (PW) doesn't know how to run a business, only how to mine bitcoin.
Hi ... I'm no expert
However, I can't seem to understand why the Argo SP is not rising in line with the rise in the price of BTC.
Any reasonable explanations are most welcome.
Please no trolls or flames.
Obviously the MMs are unimpressed by these impressive results and are holding down the price. Scandalous ! There is a secret buyer loading up in the background.
Question - Why is this being artificially constrained in the 190-200 range ?
It seems as if there is loads of appetite for buys, yet the MMs are holding this to this spread.
Re - crypto being used for crime. Fiat currencies take the biscuit for money laundering - check what fines HSBC got for laundering Mexican d/d's cash - I think it was a $1.9bn fine. That's not small potatoes !
May be a foolish move by Turkey - not all companies will ban crypto. Turkey may need to change their mind in the future and allow crypto. Everyone has an opinion, and should be allowed to express it. Smart countries will see that crypto is a sure-fire way of truth transactions on the blockchain ledger. The quick speed of payment transactions, when compared to some inter-country banking transactions, will release cash for further transactional activity and not be tied up for a long period of time. BTC is here to stay - the big guns investing in crypto have already had their smart guys advise them to go ahead and invest. They wouldn't have done it if there was a risk of their central banking system banning crypto. This is the new digital current - fast supplanting gold and silver as a store of value. Bitcoin is an appreciating asset, and governments that print fiat money are devaluing the value of their paper/coin currencies. We may have to wait for some countries to "approve" crypto, but when there is a mass move to crypto, Turkey and India may well see a mass of funds exit their countries and move to safer havens. The world is changing - we need to either move with it or be left behind.
If ARB hodlers sold in the previous 3 days to buy into COIN, it seems, as the way things went yesterday, that they got their fingers a little burned because, for the most part, COIN dropped like a hot stone.
Why is this tanking when the revenues are so good, and also the BTC price is on an upward shift ? Something is not right.
Yes - 209p
BTC now $63K plus - Argo drops to 220-225 !
What is going on ?
Some trickery fakery going on !!!
I can't understand this - BTC is charging to a new ATH and the MM's are keeping the 220-235 spread rock solid. There are loads of SELL trades, but apart from this, the sensible hodlers must be carefully hiding away their holdings. Surely something is up ? If the BTC price is charging up, and ARGO share trades are showing tons of SELLS, there is something afoot. 220 is not a great price to be selling at, so why all the SELLs ? I'm really curious as to why the ARGO price seems to be going in the reverse direction of the BTC share price - can any expert explain this to me ?
To make a profit.
Lately, the daily trading volumes are low (less than 5M) when compared with about 2 months ago when they were producing daily volumes in the 20M - 40M range. To me, this seems to be an indicator that many ARGO shareholders are sitting tight, and hodling for the long-term, when the SP should hit the 400p mark later in the year. Argo are producing record revenues for this company, quarter on quarter. The successful bitcoin mined is increasing the capital asset value of the company, and should give the company a market cap of over $2BN by the end of this year, all things going in the same direction. I'm hodling for the long-term as this rocket ship is only just taking off. Many more institutions will be getting on board this year, as now the penny has dropped, and the market can see that BTC is a better store of value at this point in time than many of the major national currencies, and also some of the major commodities like gold and silver.
The MMs are artificially holding this SP back in order to accumulate. This is not right. The SP should be travelling in line with the recent rise in the price of BTC. When the BTC price was in the $56K range the spread was the same. Now that the value of BTC has increased materially by about $6K, the ARB price spread should have moved up in line with the BTC price. Something stinks !
Wasn't far wrong on this one - shorters burn !
The shorters have been out in force this morning after the recent gains - day traders as well. Watch this revert closer back to the mean at close of play today, possibly around the 16.32p mark.
The worrying thing is ..... revenue earned has gone down, even with the revenues earned from "testing" at HH. What's going on ? This should have increased y-o-y. SS - we need some answers - when is the revenue figure going to dramaticall incrtease, and lift the SP out of the doldrums. You have long-suffering shareholders on your hands, those who put their TRUST in you. Some answers needed.
The revenues earned from "testing" seem pretty decent to me. Once full-scale production is underway, this may even increase .... onwards and upwards ! To me, the SP is near rock-bottom, and the only way is up now. For those who can hange in for 5 years or so, I think that this is going to be a transformational stock, one that can possibly 10x the current SP. The obvious solution is ..... it's going to take time.
but we still need it to 10x to make a dent in the SP.