Member Info for red_rag_to_bull

After re-reading the RNS from 9th Feb that announced PW was stepping down, i had originally assumed that they were putting a new CEO in place within the three month period where PW was going to support the transition. Based on that re-reading, it seems that this three month period was just to support the transition to Seif. Anyone reading it differently? I don't really like the idea of this having an open-ended timeline to be honest....

Big dump on BTC - ouch

DXY breaking down below 100 might be a significant event as it effectively would mark a crossover from dollar strength to dollar weakness, particularly over the timeframe of the last 3 years. That could signal a renewed BTC strength and a bit of buying pressure.

There are dedicated (and huge) vehicles for blockchain/Web 3.0 and all that jazz.....
Argo should remove themselves entirely from focusing any significant attention around this at the moment. Focus on the core business 100%. Another case of getting way ahead of themselves.

Agreed. It’s a total nonsense. That lad will stick anything up in a chart and pass it off as a useful measurement. ‘Not investment advice’ indeed….

Mega-shill James just did a mining comparison 'update' video. To save you all time, Argo came 3rd based on some metrics he pulls out. It's seems like you could position any of the miners where you want them in terms of performance/efficiency just by plucking the numbers you need to get the results you desire though. Anyways.....https://www.youtube.com/watch?v=rk7szDXO3gU

They really need to get a CEO sorted out and offer a clear strategic direction. The lack of urgency around this is crippling the price of this share and i'm still sitting on a big unrealized loss, patiently awaiting at least a partial recovery. I'm not willing to cash out atm to take advantage of other US miners as i may time it all wrong. I really think that Argo are starting to become a bit of a laughing stock in this market.

BTC should move north - will Argo though.....?

AB - Agreed on every line you have written here. It's painfully obvious in the last two months that this is suffering on the sidelines of investor money due to this.

Aye. Agreed!

I’m beginning to be able to filter through the chat and recognise those that took a punt here around tail-end of December. Also, I can see those that are patiently awaiting a recovery, having averaged down - perhaps stupidly to the point they have no dry powder.

Anyway, Dagenham - this is not a comparable situation to that dot-com bubble circa 2002.
Lots of the Bitcoin industry is essentially built and being developed on existing technology and can create new utility for pillar industries like energy, industrial logistics, trad finance etc etc. This makes it wholly unpredictable in terms of valuation but if trends continue and use cases and ‘rails’ seem to inevitably develop exponentially, the adoption curve upwards invariably follows. To repurpose a phrase: onwards is upwards.
My only concern is this company atm….where I pinned my flag…..when I could have, maybe should have bought the underlying asset of concern instead.

Quick explanation. Buys and sells reported here are probably not particularly accurate. Especially on larger spread stocks like this.

Get it out of the way now imo. I’d rather have a clearer run once BTC moves towards 30k. It’s frustrating, but not entirely unpredictable.

Also, just pointing out the the ADRs have halved in value in exactly one week. That's a pretty big move...

Well, looks like it could take up to 3 months to find a new CEO, so nothing meaningful until that event occurs. IMO of course.

I'm not denying that, but the sudden dip like this today is rattling my nerves (given what the price has done historically to those nerves over the last 12 months). It's odd that it's gone well against the general public miner trend today coupled with BTC moving north too.

Cor blimey....-24% now

Finding it a bit odd tbh...

Chart is telling me we could really breakout at 3p. Looking good here

Alert popping up on ARBK on Nasdaq site. Anyone know why? Doesn’t seem very clear what this is for and how it can be resolved (if necessary).