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This once again is drifting lower and lower after recovering to nearly 50p. Duke was very vocal about it not that long ago but not much happening in spite of a couple of seed round investments released. Looking like it hit its peak in 2021 - thoughts on a bill run next year?
This share is a travesty. Thankfully i sold the last of my shares in Arb a few months ago after watching the constant declines at a hefty loss to be fair. The behaviour of the board has been criminal IMHO. Given the Nasdaq listing I am astounded by the governance failures here. I still can’t believe they didn’t sell any BTC at the peak and only abandoned HODL strategy when it was clear BTC on way down for a prolonged period. To only start trading with assets six months ago was also ridiculous. Hope Peter Wall is prosecuted. He misled a lot of people for a fair while. Disgusted!
Argobull you’ve constantly cheered for this company in the face of totally contradictory evidence and abused anyone who opposed your view. You and Theeduke deserve to have lost plenty tbh, as you’ve probably cost many a retail investor more than a pretty penny.
Argo is screwed. Anyone who can’t see that is completely lost. Everything the board have done since the highs of last year has been a complete muck up. Dumped the last of mine at a significant loss at 29p on Monday. This went far too far last year. First warning was when PW sold. Should have rung alarm bells then. He’s a crook. Looking forward to his video. Onwards and upwards, quarters and years, etc! Disgraceful.
I don’t know why anyone would buy Argo now. The lights will go off in a year and that will be that. It’s ripe for a takeover as well and I doubt it’ll be at a premium. I just can’t believe how badly the board have let down investors. It’s just incredible really. Clearly, the spike last year was a nonsense but the fall from grace has been nothing short of epic!
I’ve just watched PW’s pitiful video explaining the RNS. He is totally inept. The decision to HODL at 70k BTC price was ridiculous, the lack of any trader for the best part of a year was madness and quite simply everything the board have done since the SP exploded appears wrong. Sold some at profit but this has turned into a nightmare for many of us. How anyone on here or Telegram group can say anything positive is beyond me. SP will keep falling. Nasdaq and FTSE listed failure. Awful.
I would say the RNS today pretty much consigns Argo to failure. A complete and utter ****show and Peter Wall shown up as the incompetent CEO that he is, all of course IMHO only. Selling machines, no power agreement still, Basically, there’s been nothing but half truths and lies in the past 18 months whilst the company steadily deteriorated. Helios now turning into farce after all that expenditure. I bet the production this month will be pathetic. Absolutely disgusted by this lot.
Haven’t bothered looking in on this for a while but what a surprise, it’s dropped plenty, no further tangible progress and nothing valid in update. This is utter tripe. Sanboy continues to pedal propaganda on here. There continues to be concern about Leningas and his very chequered history. Thankfully my remaining exposure here is small after selling the majority higher. However, this has been an eye opener. Dodgier than a week old curry. Sanboy, I hope you sleep well at night you should be ashamed of yourself!
Argobull, BTC miner conditions are poor but my issue with Argo is the consistent failings of the board. Yes, Helios got built on time but they keep changing either timelines or projections. They have lied repeatedly to us all. PW is useless for investors although he’s made himself a fortune.
Argo once again disappoints. PW and pals are doing a terrible job for investors. This is going down the toilet in the next 1-2 years IMHO unless BTC price recovers to ATH. Anyone who is positive on this latest news is a fool. Hopeless.
Just watched the PW take on the update. He no longer looks the smug sod he used to. He should be gravelling to the investors left paying for the dire decisions made since the middle of last year. I love his sign off line in particular…. “Onwards and upwards”…. If only!
What a caunt!
So, PW the useless tool that he is continues to try and spin falling efficiency, falling production and falling Hodl as positive. IMHO he owes the investors a sincere apology for his awful strategy - ie Hodl high and sell low! What a numpty. He has been disingenuous, to say the least in the past 18 months. As an LSE listed company CEO he really should be facing potential litigation at this stage. Hilariously, the telegram group remains cult like in its appreciation for this plank. Good luck to those still holding. Unfortunately, I can’t see this above £1 again.
Theeduke - How’s it going with Blu? Down 50% from ath. Are you still holding or have you pumped and then dumped? Kr1 is going down, down, down still. Sp could hit sub 10p quite realistically so give it a break with your incessant optimism.
Peter Wall is a complete tool IMHO. He has well and truly hoodwinked a great many retail investors and several institutional funds. This is not a positive update in any sense. They’ve sold 600 Bitcoin this month alone to service high debt. None sold last year at highs when the debt was serviceable. Argo is in a death spiral. The production numbers are pathetic- whether it’s the pool, the lockdown times or installation issues at Helios or probably all three these numbers are laughable. No real explanation in the RNS and more than a hint of desperation in the tone. Shambolic!
I hate to finally admit it, but Argo is an awful investment. They continually muck up. Peter Wall’s chat about smart growth is utter tosh. Every month the RNS’ are poor and he comes up with a video stuttering BS to justify yet another failure. The die hards won’t hear it but it’s utter rubbish. Always at the bottom of stats. I came across this crap last year and have lost plenty which is totally my fault but have to say I feel completely misled by PW and team. Good luck to anyone holding this, it’s held around 45p - 50p recently so maybe it won’t get much worse but I wouldn’t bet against it going a lot lower. Chaebol may obsessively sit on this board but you have to hand it to him. He’s been right all along.
I wonder if the directors will pop their heads out of their bunker and comment on the company’s current performance. All their apparent genius investments appear to be going to f all. They don’t seem to give a hoot!