The latest Investing Matters Podcast episode featuring Jeremy Skillington, CEO of Poolbeg Pharma has just been released. Listen here.
For the first time in 3 days I’ve woken up without shudders running down my spine. Bitcoin steady overnight. Let’s hope for a slight recovery today and that the price doesn’t tank tonight again. I think the Argo news flow is currently the most positive I’ve seen since the blowout performance last year. If the price stays stable it’ll still be a highly profitable month for Argo. Should make close to 5 million pounds profit. This SP is very low when you look logically at things. Funding remains a concern but Helios looks great and appears to be going brilliantly. This will recover soon. Sub £1 is a ridiculous price.
Going nowhere but down. Pile of ****e!
I agree totally Monkey on Helios. The big questions remain on how it gets rigged out though? Patience is clearly key but difficult to stay strong when the crypto background just seems super bearish. 10 year timeline is very sensible. Either that or it’ll all be worth nowt??!!
Argobull, you’re obviously heavily invested here and I know have made a packet having been here before the heavy rises of last spring - what is your take on Bitcoin over the next year or two?
I am really concerned about a bubble now. My two largest positions are KR1 and Argo. I rate both companies although have been unimpressed by Argo’s Nasdaq debacle. It just feels pretty dark around Bitcoin now- no optimism- constant FUD. What is your 1-2 year outlook?
I sadly am sitting here with a hefty loss, as I’m sure many are. Unfortunately, in spite of all the positive updates in the last few days ultimately Argo is a play on Bitcoin and unfortunately Bitty has **** the bed yet again and so we’re headed further down. Crypto world looks really dicey to me nowt. Investors flocking to safe havens and traditional assets. I must admit to wishing I’d stayed there. It’s just too volatile. GLA. We’ll bloody need it today!
Blubay, as I said the fundamentals are strong but unfortunately as you know these metrics do not take into account the need for ever increasing funding for rigs to fill Texas and to maintain hash share. It’s the same old question, where are those funds coming from?
Motley Fool is utter balls. They were slating Argo a week ago. The fundamentals have looked very good for the whole of the past year, during which the price has dumped. This rose far too high, too quickly and now it’s settling to a more realistic valuation. Unfortunately, many of us are stranded at double this SP. I just hope Bitty can rise again in the next six months and we might see £1.50 again. Probably dreaming though.
This share price is ridiculous. Significant discount compared to current holdings alone - so basically an assumption that all holdings will depreciate and there’ll be no staking income. It stinks to high heaven. The directors never say a word, couldn’t give a hoot about the holders who fund them. I’m now concerned and suspicious about this bunch. Unfortunately, we’ll in the red!
Cheers for the replies Argo, Ian, Chuz. ArgoBull, I should be careful and add IMHO. I’m referring to the very opaque behind the scenes rig acquisition farce - ie. we have cancelled a contract with x but don’t worry it’s all still great. The wink, wink, nudge, nudge Nasdaq chat early last year was also pretty disgraceful as well. I am not a PW fan at all I must add. He’s made his money though.
I’m seriously underwater with Argo and KR1. I’m not in any particular rush to access funds so can let them ride but I must admit my viewpoint on crypto is changing. The past 2 years have been incredible but the miners are all looking utter dog crap in terms of share price in the past three months. Are we really ever going up again? That is my honest concern here, not FUD spreading but I think this could just keep dropping. PW has really screwed shareholders from the highs. Lots of smoke and mirrors, outright lies and poor execution. I’m looking for £1.65 long term but I now realise that is just so unlikely. No doubt the SP will hit 80p today after an underwhelming RNS update and dump last night due to inflation concerns.
Bitcoin is in a descending pattern. I really worry this is a repeat of the dotcom bubble and admit to feeling a fool getting drawn in.
Good luck to actual holders and not the muppets on here who just wanna slate each other. Not a great time to be invested at all!