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So, a positive RNS is immediately followed by the BUT. Debt issue is a reasonable option compared to dilution but the market does not like it. Up 10% this morning and now down for the day. This is turning into a shambles.
Lotto, I totally agree that Argo looks undervalued but only if the board can deliver on what they’ve publicly announced. I’m very pleased to see the miners getting added. Hopefully there’ll be increased hash rate every month now for the next few months. That will lift the SP and we can all look forward to a good 2022. GLA
It’s months late but at last Argo are slowly getting extra miners on line. If only this had been the case a few months ago the Hodl would have been significantly higher. I hope this production update is the first of many that don’t have a nasty BUT at the end. Modest gains only but a couple more similar updates with increased hash rate and Hodl and SP will likely start to climb again IMO. PW and chums need to keep their heads down, drop no more clangers and just execute the plan. If BTC makes even modest gains from here then we may get back to £2 in the next six months. That’s my near term goal. I just hope there are no more nasty surprises around the corner. I for one no longer trust PW. Too many errors in the past six months.
In exactly the same place Parkdog. Argo has been negatively rerated it would seem.
Unfortunately, the altered IPO pricing has massively negatively impacted sentiment around Argo IMHO.
There seems to be much less optimism around Argo. Unfortunately, the IPO was a route to further share dilution - something PW expresssly advised would not happen after the previous dilution in March. It remains to be seen whether the Texas development will be a success, although everything points to this. I do hope we see extra mining capacity online this month otherwise it’s worrying given the previous contract cancellation. Sadly, I no longer trust PW at all. I just hope desperately that they carry out the plans as have been projected to investors, no more excuses. Time will tell I guess. I will hold for now in the hope that these plans are followed through but I’m nervous for sure.
Not drifted baby face but tanked. Down over 50% from highs. Patrick Young may come with a reputation. I couldn’t care less. I want to know:
1. where the bridge is.
2. an explanation for the delay in OTC listing - not just that FINRA are busy - I call bull**** on that answer alone. Although because of the dithering and dismal SP performance this point is less relevant now since US Investors will now be much less interested in Valereum.
3. what happened to the VLRM token?
Since the arrival of Patrick, the company has made a complete about turn with regards to its plans. I do not see that as positive at all - we’ve gone from a utility ready to launch to something else entirely which seems very embryonic indeed.
I’m also concerned that other defi applications are looking to mimic Valereum’s bridge - if that’s the case then there is no USP.
Please feel free to weigh in vocal supporters. What is your honest take on things right now?
None at all.
A very chirpy message containing newt of substance but lots of nudges and winks. I’m a bit sick of that tbh. Back down in the thirties which is exceedingly frustrating. Give us some news of note not bluster! And OTC clearly ain’t gonna happen in the near future- hope I’m wrong by the way!
Great to see some interesting and well considered posts on here today. It’s incredible how things change when Argo starts to move up yet shocking to realise how this board is saturated with unpleasant individuals that clearly derive pleasure from seeing people suffer when the SP slips. It goes to demonstrate once more, that you must trust your own opinion based on suitable research. Thanks Mike for the institutional updates. These remain helpful.
Another good move again this morning. Looking very strong. This could be £2 in a few weeks.
Excellent interpretation of the situation
Today, I hope the market likes the news. Hopefully, the next RNS will be of more machines installed and confirmation of orders moving forwards without delays.