Member Info for mikey9997

Lse playing up today. Posting things twice. WTH.

It does seem very undervalued for the various mines that the company has , mine life and compared to historic prices. Certainly, £23m is a blip for a diamond mining company. Could even produce a diamond out of ground with that value in itself! Tangible assets are certainly the way to go in this word of collapsing overleveraged derivatives!

It does seem very undervalued for the various mines that the company has , mine life and compared to historic prices. Certainly, £23m is a blip for a diamond mining company. Could even produce a diamond out of ground with that value in itself! Tangible assets are certainly the way to go in this word of collapsing overleveraged derivatives!

$54million cash at bank. Debtors of $12.8M and undrawn credit facility of $107M.

Market Cap: £23m

Work that one out.

Yep. I think they have got wind of something and trying to scoop up as many shares as they can before they take it up.

Yep. Can read these MM's like a book. Pure desperation.

They've got all their cheap shares now. Next leg up. Should move quickly.

More specifically. 3.22 to 2.10 in less than 9 minutes. 9. Obvs they want all shares they can get. They wouldn't do that for no reason.

That drop was actually criminal. criminal.

I think people will be waiting to see of it breaks out of the ascending wedge. Could be another 5-10 days before it breaks out. If it breaks up, great news before accounts update, if it breaks down, not so good short term.

It's not the employees fault that the market doesn't understand what they have. On halving Bitcoin difficulty will likely decrease considerably as many miners use the old in efficient machines (that will no longer be profitable). That means we mine more Bitcoin compared to other miners, combined with an increase of price of 50% (quite conservative compared to previous halvings) we will likely be same or much more profitable, Bitcoin could more than double, triple quad..... In the nexr few years.

It's crazy how the value of the company just goes up and down with bitcoin! Currently the market doesn't even take into account profitablity, resilience, purchase of more machines from the companies own profits. After last month I'm extremely happy to hold here as prior to halving I don't see BTC hitting 5k again. Either way this company is profitable, which is 10x better than most inefficient, debt burdened, loss making companies out there.

Very subdued reaction once again, making shed loads of money, unaffected by covid-19… halving coming up. After this machine purchase, dare I say it they should consider a dividend. Hopefully we'll get some accounts by end of April, followed by halving in May. Could be an explosive time, when people start to take a bit more notice of this cash beast. Hope you get your 4p duke, rather shares be in your hands than anyone elses. =)

Wow. Amazing stuff. MORE bitcoin, unaffected by covid 19, and still a 42% margin after the worste drop in a long time. Bitcoin is back at $7k. What a company! Today is a good day.

Hopefully some figures on Monday, really will show how Argo can hold up at various prices and difficulties. If still profitable last month, then it shows how strong the company is. Argo is unaffected by Covid-19 and churning out profits and reinvesting in it's own future. What a great company. £10m mcap is laughable.

People just can't handle the volatility of bitcoin. They need to take into account margins, averages and mining difficultly, which is toi much for many to understand. Better for us though, absolute cash cow!

Actually they take advice on the best time to sell :) They don't necessarily sell instantly.

Remember, £67k delayed trade yesterday, £168k delayed trades the day before. Someone is loading.

I did say re delayed buys. There's not enough sellers so they have been holding the price down to fill orders. Large demand, tiny mcap. Sellers only have so many shares to sell. Where as any number of buyers can buy in to this product. Testing Testing Testing is all I can hear everwhere. We'll be making 10,000 per hour. Keep reminding yourself that.

You haven't seen the after hours trades yet.