Argo just does not want to rise at the minute. After a recovery from the quite frankly appalling SP of 80p a few weeks ago we’re sliding down again. So much good stuff to come according to the company but unfortunately the RNS’ we keep getting are not talking about cash generation. All the while it’s about green mining or there’s been a change from previously declared plans. Get the listing done quick and get an RNS out about machines. That’s what the market and shareholders want. Otherwise we’re headed sub £1 again. It’s becoming tiresome in the extreme.
RE: What is actually happening here?17 Aug 2021 09:46
You’ll need patience, that’s for sure. The OTC delay and perceived lack of progress or anything that’s actually tangible is starting to give Valereum a bad look. Good luck to all genuine holders. I think this is one for the bin or bottom drawer. Probably the former IMO.
Market not impressed by the latest RNS. Every time PW speaks the SP seems to sink. I acknowledge that this latest news flow might make Argo more investable to green funds but ultimately the market cares about profit - more machines, more Bitcoin. Simple. Green credentials are a distant second, or third, or fourth.
So, cheerleaders, the appointment of Patrick, the complete change in plan regarding the bridge and it’s potential are doing absolutely nothing for the SP. Down, down, deeper and down!
Argo continues to be frustratingly range bound in spite of a buoyant BTC price. I suspect with higher institutional investment we will see much less volatility here - I’m not sure we’ll ever see the big rise days of the past though sadly but hopefully a gradual and sustained rise in the future. Personally, I believe that until there is a really positive RNS (without a But) concerning acquisition of lots of new machines and the build in Texas then Argo SP will do little and if anything it’ll drift lower. Once those catalysts appear then the rise will start. Let’s hope the September RNS is a good one and we hear some substantive information, not the usual PW spun crap that’s been released in recent months. Come on Argo.
Big chops - that’s very relevant indeed. Pluto Digital has gone quiet in recent times. These sorts of investments could prove fruitful in the relatively near future. The more I’ve considered Argo, the more positive I’ve felt. As Just the facts stated, a clear and well organised development of Texas will be extremely influential moving forwards.
I have to confess to having found the past few months invested in Argo an absolute rollercoaster. The recent drops were flabbergasting but we seem to have settled once again in the 120-140p trading range. To become the target of a concerted shorting attack is perhaps a compliment to Argo but also should serve as an eye opener for most of us. Once again this looks to be an attempt to encourage the lowly retail investor to sell his shares at a loss and allow larger institutions to hoover up on the cheap. It’s deplorable on every level. However, all that said, it’d be nice to see a smooth launch on Nasdaq and regular updates on Texas that remain positive. Surely, if that’s the case and BTC can reach 50k again then Argo cannot fail to be rerated and the SP rise significantly. We just need a few drama free months - clear RNS with updates on machine acquisitions and strong production. My personal target is £2 initially then £3 in the next 2 years. If Texas launches and Argo install their own machines then these targets should be more than achievable. Thoughts appreciated from sensible people only thanks.