Member Info for snicklin74

https://www.bbc.co.uk/news/world-51611422

Coronavirus: Rapid spread raises fears of global pandemic

Fears are growing that the coronavirus outbreak could become a global pandemic as new cases are reported around the world.

Although most infections are in China, other countries including South Korea, Italy and Iran are struggling to contain the virus.

A pandemic is declared when an infectious disease threatens different parts of the world simultaneously.

No vaccine is available so far to treat the respiratory disease Covid-19.

About 77,000 people in China, where the virus emerged last year, have been infected and nearly 2,600 have died.

More than 1,200 cases have been confirmed in 26 other countries and there have been eight deaths, the World Health Organization (WHO) says.

On Monday Afghanistan, Kuwait and Bahrain reported their first cases, all involving people who had returned from Iran.

Now that is SCARY.

Coronavirus: South Korea steps up measures as infections spike

https://www.bbc.co.uk/news/world-asia-51582186

South Korea has stepped up measures to contain the spread of the deadly new coronavirus, as confirmed infections rose sharply for a second day.

Prime Minister Chung Sye-kyun said it was now an emergency situation.

The southern cities of Daegu and Cheongdo have been declared "special care zones". The streets of Daegu are now largely abandoned.

South Korea has also locked down its military after several soldiers tested positive for the coronavirus.

The authorities have also told about 9,000 members of a religious group to self quarantine, after the sect was identified as a coronavirus hotbed.

Coronavirus: South Korea steps up measures as infections spike

https://www.bbc.co.uk/news/world-asia-51582186

South Korea has stepped up measures to contain the spread of the deadly new coronavirus, as confirmed infections rose sharply for a second day.

Prime Minister Chung Sye-kyun said it was now an emergency situation.

The southern cities of Daegu and Cheongdo have been declared "special care zones". The streets of Daegu are now largely abandoned.

South Korea has also locked down its military after several soldiers tested positive for the coronavirus.

The authorities have also told about 9,000 members of a religious group to self quarantine, after the sect was identified as a coronavirus hotbed.

If it had been then this would be £3.

Pre 9am the price can be very erratic.

Should stabilize some after the initial opening period.

I know this has been discussed in the past but if ARB now have plenty of cash wouldn't it be an optimum time to buy their own shares back?

The price is undervalued and doesn't reflect the potential of the money ARB will make going forward.

If they buy back shares now and reduce the free float the price should rise, later profits can be used to buy more machines and pay out dividends.

Seems a win win position to purchase their own shares now while the price is still low?

Good to know:

Peter Wall: New machines are mostly revisions to the latest generations. The Antminer 17 series of mining machines – which came out this year – do the vast majority of our mining work, and we expect them to be at the leading edge of efficiency for 3-5 years, just like previous generations of Antminers. That being said, we are constantly evaluating our current machines and newer models available.

Additionally, the biggest impact on efficiency is the chip size. 100% of our SHA-256 mining is done on 7nm chips while most of the market is still using the older generation, 16nm chips. This means we do not have the same urgency to phase out older models when adding new hardware.

' Any shrinkage will make it hard if not impossible for any large or institutional investors to buy.'

I'm not worried about new investors who would have to pay a premium, that's something for another day and not really a concern, the share price may then reflect true value.

Was circa $7400 Friday close.

They are now, last top up for me at 6.75p.

You'd be wiser to invest directly into ARB than via VELA.

Agree with Trek and DShox, money makes money, plough it all back into the business and look at dividend's and share buy backs at the end of next year.

This is such an opportunity to accumulate shares at silly low prices.

Yes, just got some more at 8.38p.

Anything under 10p is a good price, don't expect it to retrace far from here, agree with other posters that this is primed for the next leg up.

Cryp, you've been a member for two days and all six posts have been bearish against ARB.

Are you shorting ARB, wanting to buy in at a lower price or just one of those people in the world who likes to see the negative side of things all the time?

You have zero credibility when you say:

'if they survive over the 2020s'
'You are relying on Bitcoin mooning to $100k+ which is unlikely to happen once futures get involved.'

If I did use the ignore button you would be at the top of the list.

Should be plenty of upside from here, thanks for the link Goodbody.

First purchase today just before 3pm albeit sells outnumbering buys today by a large margin.

I'd be surprised if you could buy in again under 10p.

Higher high's and low's from now on.

20p medium term.

Welcome aboard MrBB

ARB isn't on the radar of many investors, the only place you can get BTC at a fraction of the cost.

The herd will eventually catch on at some stage, take advantage now.

Agree with what you say.

They should drop the HIVE deal.

Slightly concerned that there is no news on First Investments from May: https://www.investegate.co.uk/argo-blockchain-plc--arb-/rns/board-changes-and-adjournment-of-general-meeting/201905150700170390Z/

Separately, First Investments Holding Limited has signed a commercial letter of intent to become Argo's first and potentially largest enterprise-level mining-as-a-service customer for up to US$1m per month, further validating the strategy outlined in the previous Argo/Hive partnership announcement.