Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
I have no real idea where ARB is going to go, I do feel like it was in a hard downtrend and aside from BTC being up, that is the only change here, I am still holding a long, solely based on the opinion that BTC will at least test the high of 13th Sept, c.22.7k - Beyond that, 25k... Where BTC did nothing for so long, you could say, holding 18/19 for the time it did was a good thing and hype may come in to drive it to the above targets, especially given the USD is weakening. GDP news today could certainly accelerate this theory (or not). So I am holding, based on BTC going higher.
I have been out of Argo for what feels like over a year, got out at 1.90ish, I have no clue what is going on in the background but I have heard a lot about Debt, poor management and not quite the glossy miner it was once tipped to be last time it was hanging about in the pennies.
Everyone is clinging on to some investor and news of that will emerge on the 7th Nov? So if that's the case and no news is due to come before then, I'm looking to play Argo until then, a speculative gamble based on BTC/USD atm.
Muppet moment, it's been so long with Argo and a LSE stock, I totally forgot it closed at 4 and was wrapped up in other stuff/on here to close out, just looked over and thought, not moved much followed by OH CRAP!
I do anticipate it keeps going so perhaps the stars aligned to distract me.. or not.
I'll be back tomorrow
Cheers guys and good work buyers
Good work, I am planning to tug it, just based on 4 hour RSI, rather not get trapped should it not rise again tomorrow at open, I suspect it will if BTC keeps holding up. That gap fill keeps me wanting to hold on..
Thank you JayBlu.
Valid comment.
That is how I like to invest and trade, I look to the future and to put simply, with the continued rise of BTC, I do see Argo gaining traction (expected it by now) and getting a move on.
I was just fielding opinions on more downside (short term) and could the numbers be a reason for the downtrend.
Wow, post count = shorter? How old are you.
I'm in Argo quite heavily with shares and spreads. Recently rolled spreads out but they're back now for my margin trades. Just to be open. I am not shorting but trying to gauge input from others on the financials.
OK, they don't have the 100m loan yet, but they're committed to it...
https://knowledge.sharescope.co.uk/2021/02/24/small-cap-spotlight-report-argo-blockchain/
Shoot me
Thanks for the few sensible comments, I did not realise there were some stocktwit users here who don't like anything other than rocket emoji's. Kids.
I'm pretty sure they do have a 100m loan for texas. The rev, last I knew was 45m...
Good point on the rise against BTC. I'll keep that in mind now. I am watching £1.90 for a hold very closely.
I am loaded to the eye balls here, margin is flashing at me, slightly pressured, yes.
Argo is underperforming BTC, there is no argument there.
Is it the market cap of £780 million which is killing this now? The business has a rev of around £45m I think and has a £100m loan...
Are people realising this and bailing?
I can't explain or see a reason for the pin and drag down.
Will we go on to close the £1.50 gap? £1.90 IS the bottom of a wedge, if that break, I guess £1.50 is next, scary to look at the SP right now.
Let's be honest, no one knows when this seller will be done. This week will be another disappointment, just like the last 8 or so. We have all banked on ER, BTC highs, news and none of it has done anything positive for the SP.
Very annoying
Yup! I have now rolled £200k out of ARB and added to Mara.
I'm done and will only return when I see Argo get over/hold £2.80+. Totally wasted 2 months based on the hope of it blowing but it just never has, when it should have, quite simply.
Many others are feeling this way so I suspect we may get some negativity show on the chart.
I can't be the only one who is frustrated right now, can I?
There is always an excuse for this not moving, wait for ER, wait for ATH on BTC, but we got all of these and this just doesn't move.
I have shares and cfd's and I'm annoyed to have a serious chunk of money tied in to this which has not earned a penny in 2 months, when it could have elsewhere.. How long will this go on?!! Does BTC need to be 100k for this to get to £2.80?!
I have waited this long but perhaps it's time for me, like many others have, to leave and return when this wakes up on some news. It's core product is BITCOIN which is soaring but this just doesn't respond, it should! My MARA and RIOT positions will reward today, I have no doubt but Argo, won't.
Frustrated, much!
The NASDAQ thing really needs to be forgotten, it's a total myth, no one knows if it will happen or not, yes it should, it would be great but it really does not have to happen.
Perhaps he is being coy as he does not want to say NO we are not listing there as that would cause some panic to some, I'm sure.
It's a total unknown, if it happens, great, until then, carry on.