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I think you are right James, I don’t think it will impact the SP today to much.
Good RNS but nothing we didn’t know about expect for as thieves said I also wasn’t aware of the data centres.
Future still looks bright look forward to the monthly’s next week and May 7th.
And down goes bitcoin. We may see sub 50 again very shortly although I hope not.
Hopefully the earnings call due shortly will help to explain things in regards to the sell, it may of been forced as the price went up to keep a certain percentage of assets in bitcoin.
The last time number plates were being spoken about we left the ath and ended up where we were last week. The gods hate hubris and all that.
Riot and Mara both up 8% pre-market is today the day the Americans put on their dancing shoes?
The biggest risk I see to Argo is this industry is an arms race.
Not all the current miners will still be here in 5 years. Argo needs to continually invest to stay ahead of the field or get left behind. I believe long term Argo will be one of the last standing and we will reap the rewards.
This is a big week ahead, Tesla earnings on Monday followed by all the big tech giants. Results that beat expectations will be good for general sediment and for bitcoin . Also, the chance one of them may disclose some bitcoin holdings.
Over reaction from our American cousins, good luck getting that though the senate be like turkeys voting for Christmas.
Shame it was leaked at that moment bitcoin had just broken 55k and America looked steady.
If I had to bet would say it’s a red day tomorrow but with this share you never know as when I started typing this bitcoin was 52.2 knew its 53.3.
Navier are willing to take this on with a price of £1.35 as well so must believe it’s only going up and not going back down to the price of only a few months ago.
Also, Navier may have insisted on some equity. All in all good news and a step in the right direction.
Yes, you are right prophet even better.
I was dividing the figures the wrong way round I blame trying to use the calculator in my iPhone.
I think we may see a blue opening tomorrow both Riot and Mara were recovering well at the end.
Tomorrow could be an if only I had bought more yesterday at this price but I also remember Romford greyhound stadium used to have a huge sign on one end saying “if”
RC I am slightly confused by your SP. Have you somewhere Got P/E mixed up with NAV?
I see it as 165 bitcoins a month multiplied by £40k = 6.6m X 0.84 which I believe was last months figures and margin = 5.5m x 12 = 66m which would give us on a P/E of 20 1.32b market cap which is a share price of 290p without any assets or allowing for the increase in harsh power.
Apologies if I am wrong on this and welcome Mrhold.
At least pearls was semi amusing unlike all the others.
Didn’t think we would open that low but happy to see back in the blue. Hopefully we are more correlated to bitcoin again and should see some rises. Also, nice to close that gap.
Feel sorry for anyone that panicked sold this morning.
Moved some money into my investment account ready to buy. If it stays flat tomorrow with bitcoin falling this weekend I will buy ( of course bitcoin could be 60k by 8am)
Almost want to see it dip just to fill that bloody gap so we can get it over with.
It’s not easy of course but people just need to think why you have invested in this company, nothing has changed and it still looks a great investment.
We are mining $24 million a year in z cash alone on today’s price, this months figures are going to be great.
We may go down next week but at some point this share will go back to where it should be higher.
The only concern I have is we have just been compared to Tottenham who haven’t won a major trophy for 30 years let’s hope it doesn’t take Argo 30 years to get back to £3.
Have a good weekend all.
Good post Argobull
Yes, it’s not nice to see money disappear as it is and neither a 20% drop or even a 20% rise would surprise me tomorrow but I am comfortable holding this share as I just have to look at it’s fundamentals and I believe that bitcoin will only get stronger and stronger.