Member Info for red_rag_to_bull

Merry Christmas from Argo....🫤

Ah, so that was you! Fair play to you

Yes, Fladgate, not Kroll.....

100% agree with you comments. Mr Nolan just came across as somebody that had a somewhat 'not me gov' and the smirking/lack of genuine contrition made me feel genuinely angry. I've zero confidence in him being able to take the shell of this company forward on any path to turnaround.

The chap from Fladgate appeared to at least understand the feelings of investors (not that he can do anything about it or is responsible). He also came across as somebody that could actually run a company. There is certain irony in that he is basically keeping the pulse alive and had someone like that been in the CEO seat, we may not be where we are today.

The hollowing out of competent CEOs in smaller cap companies is one of the reason why so many end up like Argo.

I've been on the investor calls over recent weeks since the plan was announced. This guy does not have a clue what he's doing.

On the last one, he confidently projected that Argo would now be a 'profitable company' before being reminded buy the guy from Kroll not to make a forward-looking statement. It's embarassing how little experience some of these captains of industry have of the very basics of running a company.

I've made a huge loss here but i'll get over it somehow. This is an objective example of poor management and bad decision making ruining investors. I take responsibility for my own actions in investing, but the management and decision making along the way has been a big factor in the losses i've incurred. Some of these people are just not fit to run companies of scale.

I’m starting to think this is offering an attractive price for topping up. I think late Q1/early Q2 is starting to look like a positive time for market repricing on treasury companies.

Should have indicative monetary policy from new Fed Chair and I expect BTC to be trading upward with momentum by then. At some point, the buyers will outweigh the massive selling pressure encountered in 2025 and investors will step in and a floor will be set. All imho of course.

Odds on Fed cutting 50bps in October now increasing over on Polymarket. Lack of data due to Gov shutdown not going to help and they will likely bring forward cuts than delay them

Ken Griffin's going to need to close that short or maybe just has. Couldn't be happier to see that weeble get a very, very small bit of pain trade here.

Nearly at a buck now Stateside. Nearly hitting that Compliance price but whether this sustains is very debatable.

No offence dude, but this dog decoupled from Bitcoin a long, long time ago....

What's goin on here then? Up 65% US pre-market

Anyone with familiarity know how Argo are going to get back into minimum price compliance (short of a revaluation miracle)?

I'm sure there are technical ways they can do this with consolidation, just interested to know if they've seen this before. Clock is really ticking.....🕚

NB Proposals, not Protocols.

Thanks - just to be clear, when i said 'move the needle', i was really referring to a major inflection in the current market (ie basically a move into a different cycle than what is current). The market has just matured significantly and multiples will be tame until that next 'big point' of inflection. It's also worth considering if it's going to need BIPs (Bitcoin Improvement Protocols) to improve miner revenues over the medium longer term. There is almost no way any public company can continue long term on 1-2% rewards given the capital required to sustain it.

This a pretty knee jerk take.

MSTR has run up a lot prior to this BTC leg up. Smart money realises how burnt investors have been on miners generally over the last 3-4 years and they also recognise that there is no chain activity to merit going in yet. If BTC was to move up to 2 Standard Deviations above the long term holder cost basis (around 160k), that night move the needle. As it stands, I’m expecting very little from miners until then without a catalyst outside of BTC/USD pair and fees just trending along in as they have been since last halving.

The markets are a process. If you think you recognise logic, you are likely going to wrong. Either by and hold miners and BTC treasury equities as you think there are good future multiple or buy ETFs with large BTC exposure etc

Yup. The problem is also nation states mining without disclosures. They can print money or find some other creative monetary mechanism to do it, publicly listed miners cannot. Whilst that continues, it’s similar to trying to run a supermarket without any security. Equities are supposed to be ‘secure’ but theft (for lack of a better term) is rampant.

There is also a valid argument about use of L1. Unless Bitcoin becomes more readily used as a payment rail, it may be doomed to pet rock/store of value. That was never the original intention in the white paper and as Jack Dorsey wisely states, would lead Bitcoin to be by definition a failure.

The fundamental problem for miners now rests with the on-chain metrics. Whilst hash continues to rise, fees/rewards are almost non-existent outside of the occasional spike for a few hours, when I assume that major exchanges need to shuffle things around.

Statistically, this is the worst post-halving period since the epoch 0 and that is true for both price and mining rewards. One has to wonder if large miners can ever make a go of this. Lots of shareholders of MARA and CLSK are starting to realise that there is very little that management can do to turn this around and that they are essentially swimming against the tide of fundamentals. Where to go from here? If you have no control of the fundamentals, that’s a very tough and unpredictable business to be in. I’d be surprised if major investors aren’t looking at these companies through the same prism given what’s happened over the last week, where fundamentals were not driving the valuations - external/policy decisions were.

It’s all a bit depressing, but I think commercial mining is already a rear-view industry and like I’ve said before, it’s a matter of time before this is carved up by major integrated energy companies. They will sweep up what’s left from this cycle.

In short, I think it’s all over for the current miners.

Not FUD. Nasdaq has it closing at 9pm UK time at -16% on opening price.

https://www.nasdaq.com/market-activity/stocks/arbk

I wonder if this is something to do with ADRs specifically. Could be a 10:1 consolidation coming for Nasdaq compliance as part of some agreement on the term sheet? It's bizarre volume which doesn't equate to regular trading patterns for this ticker, even on a news release.

They go into this and are indexed on Friday. Just a heads up before the pump....

Nice bump today but plenty of room to go upwards.

Agreed. This kind of irrational exuberance is why Powell and Bailey have had to keep rates higher for longer in order wash out the froth! They are doing most (least not themselves) no favours at all.