The latest Investing Matters Podcast episode featuring Jeremy Skillington, CEO of Poolbeg Pharma has just been released. Listen here.
Interesting scrap over 31k BTC. 31600 is a very big level on the chart. Not a lot between that an 38k based on the weekly.
Doesn't bother me - why say anything when there is nothing to say. They are only boxing themselves into a corner if they give too much away, especially as they are still seeking a new perm CEO (who will presumably want to be sold on strategy and get some confirmation that they can carry out their own direction without oscillating wildly from what has been communicated to date). It just doesn't make any sense to say much until their is a longer term picture to add colour to.
This hasn't aged very well....
Sadly I agree too. I’ve made a life changing position by putting my hard-earned into this. Talk about a blunder.
This is being priced to fail now.
Believing everything that was put on a website was how i got myself stuck in ARB. Fundamentals rule. Worth remembering bud....but all IMHO.
I’ve started to try and track some global liquidity and credit measures as a way of trying to determine if we are emerging from what already may be have been the worst of the monetary contraction. It’s interesting that the MOVE index (credit spreads) and various global liquidity trackers (net liquidity inc China) are showing that the worst problems may have been a October and that recent upturn in various tangible assets like physical gold and Bitcoin are recovering faster than indexes. Worth keeping an eye on some of those metrics.
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...