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Cheers for that analysis Chopsing. Personally, I was never in this for a ten bagger in six months but this is a capitulation of SP and I doubt I’ll recover a significant portion of my illjudged investment. This is my fault, I own that decision but I feel there is a complete lack of consideration by the board to investors. Poor execution of the Nasdaq listing has severely damaged sentiment here. That, combined with uncertainty about future funding, the general market downturn and sudden fear in crypto has sunk this. It’s not been this low since the start of the year.
Excuse me if I’m not cheering for Peter Wall. He’s a smug p***k.
Things looking very dark on here. We’ve gone from £1.70 to £1.10 in 2 months. Plenty of good investments and still an income from Dot yet down we go. Not ideal at all. Is this just poor crypto sentiment or what?
Dead as a dodo on here. I’ll be interested to see the next II update fro Mike. Wondering what 2022 holds for this share. Is it going to drift lower or get back over £1.50 again. Likewise will Bitcoin get back to 60k or is it a bubble ad in turn has it burst. Too exposed for my liking so sitting on hands for time being.
What’s the current NAV for KR1? I know it varies daily but ball park. I find it so bizarre that this has been trading at a heavy discount. Personally I’m a bit sceptical about how the founders are paid but nonetheless given the monthly income alone from staking it all seems weird to me. Very quiet on here.
So, a jump this morning. Great news for those of us that are underwater but what has prompted this? Fundamentals support a much higher price in my view, but we’ve had this twice now this year. It does look a bit manipulated- and I’m not a conspiracy nut. Hopefully we’ll bounce back into the 130’s at least in the short term. I still hope for £2 next year at some point. No dry powder left for me currently so just holding for now.
Canetoad, I appreciate your frank words on here. You consistently write sense. I hold similar views but have seen a completely altered rhetoric in the public domain with many commentators emphasising the forthcoming crypto winter. It just seems very negative. I’m happy to wait it out, if necessary for a couple of years but obviously don’t want to end up down hopelessly.
It’s notable that the rampers on here are very quiet these days. Clearly they’ve taken their profit and moved on. Hope we aren’t the mug cane toad!
I have to say in spite of the fundamentals here, things aren’t looking great for Argo SP in the short term. SP appears to be barely holding the pound mark. My fear is that it gradually slides further. I could see this at 75p in the new year. It’s gutting tbh. It’s just become very unloved. Even old funky finance doesn’t refer to Argo anymore.
Thoroughly, thoroughly frustrating. I hope PW and crew can execute over the next few months and they take loans to pay for the machines needed to fit out Texas, rather than dilute. The last 8 months in this has been hellish.
Hey Argobull,
It’s just a bit nonsensical now to me and I worry that this may just drift lower. The Nasdaq IPO was supposed to be the Holy Grail for Argo and has turned into a poison challis in reality. Texas and Pluto IPO are both positives on the horizon but I think a lot of investors worry that these will be executed poorly as well. There’s clearly manipulation by short sellers in the foreground too. Numbers don’t lie and on that basis Argo should be much higher. Is something going wrong behind these scenes?
I have to say Argo is turning into an absolute money pit. Held since after the highs thankfully, averaged down but still underwater. This is becoming ridiculous. Market cap is now only 5 x Hodl value isn’t it?
What is going on here? It’s a growth stock allegedly with increased production monthly and plenty of developments coming. I know there is a fear of more dilution but I just don’t get this. Honestly, I think the complete Nasdaq listing **** up has sunk this. I must admit to being concerned about this all being a bubble as well. What a crock of ****e!
Excellent discussion chaps. Good viewpoints. I think most of us are just very annoyed by the volatility - definite pump and dump tendencies here and a lack of progress. The new year will be defining for this share.
I thought the 1.7EH was all that had been announced. It’d be great to hear of a further increase in Q1. I bet we’ll hear some announcement in the new year telling us they won’t be getting any further machines until the middle of the year. I do desperately hope we’ll have some of our own machines to install when built. Execute Argo, execute!!
So, hopefully we’ll achieve 1.7EH by the end of December. What are the plans for extra hash rate in Q1 next year? Obviously Helios won’t be online until at least April next year IMO. I can’t find anything about extra machines for Q1. Are they continuing to add in Q1?