Stefan Bernstein explains how the EU/Greenland critical raw materials partnership benefits GreenRoc. Watch the full video here.
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!
Argobull, you tend to make well thought out contributions on this board and it’s appreciated but surely you can’t paper over the cracks in this company and the depressing SP. Quite a lot of debt now and with increasing difficulty all the time and a suppressed BTC price the future doesn’t look rosy.
Wowsers, I didn’t even know that Argo labs was invested in Luna. I just think Peter is a clown and as investors we’ve been misled repeatedly in the last year. It all started with the winks and nudges about Nasdaq last year. As you rightfully say Flowerpot the RNS’ have constantly been negative but with excuses. I don’t think the future is bright at all for Argo.
Gotta be honest. Argo is an absolute s***show! Sadly I’ve got an average here of >£1 and although I top sliced to bank some profit it is clear that the valuations of all miners last year were a complete nonsense. From this time last year, virtually every RNS is negative but always with an crappy explanation. Terra pool issue sounds well dodgy. “Short term probabilistic outcomes” - wtf does that mean. Do people honestly think this will rise anytime soon? At this rate the Bitcoin Hodl will shrink prior to any possible rise associated with the halving in two years. Peter Wall and his pals have well and truly had it over the investors here. The die hards won’t hear anything negative said but this company is a bad investment.
Haven’t looked in on here for some time, but it’s abundantly clear that this is now a chat/argument space for a handful of people. Does Mike ever contribute these days? This looks to have found a level now in the 45-55p range for the time being. Looks very shaky though. All growth stocks are being hammered tbh. I really don’t know what to think about Argo any more. Clearly a massive pump last year which was not sustainable, suspect will not rise anywhere near as high again. Too many muck ups by the board at various times. Helios looks good but let’s see how long hash increase takes.
Ppanchol, you’ve been pedalling your drivel on here for a year. Still nothing tangible in spite of all the talk of big news just round the corner. The air has well and truly gone out of this balloon. It’s rubbish.