Member Info for Phoebus

'not aware of any specific reason for this increase' ... They're going up because they were WAY too low for the assets. Stop being so obtuse.

937m and counting.

Good spot Volcano. Here's the link.

https://www.dailymail.co.uk/money/investing/article-9148775/Why-Argo-Blockchain-popular-stock-2021-far.html

Quadrennial. Get you. Impressive vocab.

Thanks for the correction JB. Haven't had my Weetabix yet this morning.

Did I get the gist of it wrong?

Are they off their rocker? Increasing so much just ahead of a binary event like this seems crackers to me.
https://www.londonstockexchange.com/news-article/BPC/holding-s-in-company/14832249

Relax folks, these low priced trades are from an hour ago. Don't let them fool you into selling. GLA

Looks like BTC is running out of room to consolidate and and a break to the upside looks very soon.

Hi JT. This one is so good I can hardly believe it's been overlooked for so long. You wait for ages and think it's never going to move and then woosh and off we go.

Both brilliant and both unloved. Set in my folio for ages and then rocket. Finally the market is realizing the huge value on offer here at very low prices. This could have really long legs indeed. The fundamentals are all there. GLA

I hold both. XTR intercept looks to be over 700m+ and counting. Cu grades seem about average for the industry, but the ore body size looks potentially big with gold credits. Reminds me a bit of SOLG. Market cap is also low. OMI is just looks cheap. Major partners, lots of drilling done with excellent intercepts and free carry for OMI. Both look very good. XTR a bit more speculative.

I disagree. $100K BTC will see ARB well north of £3. If you look at Blonity's model a PE of 5 end 2021 would put ARB at $2 or about 150p which means £3 is roughly a PE of 10. Today's news increases hash per share by 44% so £3 becomes a PE of 6.9. That is way too low for a tech stock let alone a BTC miner in the middle of a crypto bull market. More like £9.

Tyrion, don't be shocked by the negativity. It's standard at this juncture to get these types of posting.

The Johnny-come-lately. Doesn't research proactively so only noticed the stock when it had already roofed it 1000% but decided to buy loads anyway getting too far over their skis and blaming their paper losses on the company being rubbish instead of their own poor investment skills. Give it a few weeks and you'll be OK, but average in next time and expect pullbacks.

The low entry seeker. Sold for a profit at a higher price or missed the boat entirely first time round. Does nothing but say negative things in the hope of getting a lower buy in price.

The guardian angel. Doesn't like the company. Never did. Not interested in the company. Sneers at anyone that is. Only here to tell you it's rubbish so you don't lose your money. If you say so.

Whenever I see this kind of negativity it always strikes me as a bullish contra indicator.

Savage clarity of mind there Doc. Smart move.

Well said Zedd. Spot on regarding Mara. While it's easy to say you should have sold, there's too much risk with BTC continuing to trade when the LSE is closed for me to want to get fancy here.

'most of us shareholders now want to at least see some benefit from all this before the company start on some other plan that depresses the price yet again'

Seriously? Forget the current SP and focus on the near to mid term.

Dark chocolate and chill Moog. Everything looks good here. Many of the other miners have put wheels in motion to increase mining capacity and it was a sure thing ARB was going to follow suit. The uplift for ARB is huge in terms of mining capacity and for minimal dilution. You're now getting a lot more hash per share than you did when you invested, so the investment case is now even stronger and when you look at it rationally you should be cracking out the bubbly this evening. I know the SP being down for now shows a lower figure in your account, but with ARB now in a much stronger position the company is set to push on much harder to the upside and reaching PW's target of $1B+ will be even easier. Give it time and this will appear a masterstroke.

would light the touchpaper here. How wrong can you be? Bonzer!

A re-post from earlier for those that didn't see.

The percentage increase in hash rate is much greater than the percentage increase in shares which means price targets have to increase substantially. The resultant hash rate is increased by 56.7% above previous end Feb target whilst shares in issue only increased by 8.5%, which results in a 44.4% increase in hash rate per share and means target prices should increase by 44%. If you were expecting £3-5 per share before this that increases to £4.33 to £7.22. This RNS is rocket fuel for the next leg up. Very good news for all investors. If you think investors got in on the cheap then you must have only bought in recently as many of us are in much lower and are happy to see big money pay at lot more than we did. Don't worry, this massive increase in computing power should see you in profit in no time.