Member Info for the_Chuz

Fireblade

"Next week can’t come soon enough, we need some that positive news flow again from PW."

Its an absolute killer watching it when you have many other crypto sticks around you rising. Talk about backing the wrong pony at the wrong time.

If the news flow doesn't dramatically increase the share price it's time to turn the pony to glue and move on.

Fingers crossed for a substantial rise, I must admit if PW keeps that ridiculous " quarters and years" saying I might just bail out anyway.

That gap down on ARBK looks awful haha.

That's what happens when there is no momentum on low volume, that's what I was getting at when I said yesterday's gains are built on sand, Unfortunatly they are quickly washed away.

That gap down on ARBK looks awful haha.

That's what happens when there is no momentum on low volume, that's what I was getting at when I said yesterday's gains are built on sand, Unfortunatly they are quickly washed away.

@Everup

"The trolls accusing others of being trolls, you really couldn’t make this up....but they do."

I think this is what happens when there's nothing left to discuss.

@Canetoad

I was thinking the other day.. Why take on third party risk with how the management of a company performs instead of buying the underlying assets.

The reason should be a bit of leverage and increased gains but if that isn't the case and the underlying assets is out performing the 3rd party then buy the asset.uy the most convinient mechanism avaliable to you.

@Hopegreednothing

"Chuz buy more, it might turn around in 2025. All in jest of course maybe 2028. :)"

I can't, PW has All of my money :).

@Chaebol

Yea I remember when the board was convinced we were the same person, it was amusing haha. I should of sold pre IPO, the logic said it would hit 110p and it did but as rag and bones says.. I'm only human after all.. The FOMO and what-ifs got me and I then thought OK if it does drop it will soon pop back up.

Ironically although there are a few on here who go down the troll, deramper, bitter, negative route with me I've actually been quite accurate with how I've called it.

All I need is one last big accurate push which is Wednesday 3rd Nov a RNS comes out stating a massive machine order which will take the SP to 230p over the following week.

We can then ride that hype for a little bit, to 300p or there abouts and then wait for a share issue. I would of then of sold up between that 230 - 300p band and made some good money.

If it doesn't pan out like that I'm just going to bail out :)

@Everup

"Chuz, why don’t you then send PW/Argo an email - and or Twitter message, if you feel that strongly about it?"

I was asked what I would do differently and instead of putting my finger in my nose or just ignoring it (as so many do on here when asked to back up what they are saying) I answered it.

It's not about feeling strongly about it, it's giving an opinion on what I think a viable agressive strategy could be.

BTW, it wouldn't surprise me if it turns out something similar to what I've put.. (fingers crossed anyways)

@jeffhoggit

"So how does PW grow the business? What should he have done in your humble opinion?"

Obtain a loan facility for another 200 million (don't worry we won't be spending it)

Raise orders for 60,000 miners, equal to 2mw or 6.6th and 240mil spend

That would make future EH to over 7EH

That would jolt the market and we would see a share price in excess of £3

I would then issue 100 million new shares to raise around £300 million.

This would drop the share price by 20% to around 260p (from 300p)

But it would then soon recover because we would be out in front with 7eh paid for and no debt plus 40 - 60 million play money.

I would then also set up hosting plans (even without power connected just yet) to show the market the intention of running 2mw ourselves in Helios and the renting space.

The rented space should cover over heads and running costs.

I would then do the same all over again with a diffent site and use it as a model I. E. A quarter owned and a quarter rented out.

Not a single btc sold and no debt.

I'm sure there are limitations to the above but that's the type of strategy I would use.

@cred
"from American miners on the Nasdaq last night: HUT up 17.65%, Marathon & Hive 11%, and ARBK 8.6% . BTC is still high @ c62.ish, so why the 4% drop in ARB in the UK? Is it just low volume manipulation?*

Yrs except its not manipulation its how the market works, the MM will alter the shareprice to match buys and sells, its not manipulation its just Making the Makret which is the job of the Market Maker.

@Chaebol

"260 million dollars traded in hut8 yesterday 15 million dollars in arbk. Enough said……"

Yea some just didn't seem to grasp the 'false' rise yesterday but its OK each to thier own.

Now, one very interesting thing I think might happen.. I want the other miners to keep with a high volume and getting day on day increases because when the quiet period ends I am expecting (hoping) that PW hits the market with some very agressive news.

This should make a wall of money flood into argo as investors in other miners take thier 30 day profits and pile in. What we don't want is the other miners struggling as the money tends to evaporate from the system.

It's why I'm targeting around a week after the quiet period ends for some pretty revolutionary news else I'll just add to the volume of the other miners.

Pluto is one of the best things if nit the best thing to do with Argo, it seems to be aggressive and getting stuck in whilst diversifying across the crypto scene.

Pluto is one of the best things if nit the best thing to do with Argo, it seems to be aggressive and getting stuck in whilst diversifying across the crypto scene.

MacF1

It's annoying but MM are under no obligation to match the close of the nasdaq or even the previous lse close for a single listing.

They set the price to generate trades and make market, most of the time it's based around previous close but doesn't have to be..

@CoolMax

"There's a difference between US investors and UK investors who are gutless cowards waiting for direction from the US. Appalling performance and IPO disaster"

Hahaha maybe a bit harsh, the LSE has had plenty of rises where the US has sold us down, in fact it has been more often than not, so the UK investors have been leading it.

IPO disaster depends on what side of the fence you sit. For the company I think it was priced pretty much perfectly as that's the value the market has supported.

For us long or medium holders it's been a complete dissapointment for sure.

Other miners are just perceived to be better value than us at the moment.. Smart growth strategy doesn't cut it in the hashrate arms race.

I am hoping for some agressive hash increase news at the end of the quite period 2nd Nov)

Opening price is 120/127

Maybe a little unfair considering the nasdaq close... But... It was a low volume increase on nasdaq so doesn't carry momentum.

Should hopefully pick up and to be honest MM do not have to set the price at previous close they can pick any price that creates trades (within reason of course)

@Moneyman80

"Hi all.
Please stick to what you believe in Argo/bitcoin please ignore all posts from the_chuz this guy is a paid de ramper for sure.
GLA Argonauts
MM80 ARB-£5"

1) if I was a paid deramper I would t be 100% invested because that would be daft.
2) Who would pay me for such services, just an anonymous poster on a message board.
3) If my posts had any relevance to share price then I would be shamelessly ramping it (see point 1)
4) If I was to deramp (I'm sure that's not even a real word) then there is so much more I could say about the company other than the volume is low.
5)..... I could go on with the list but I won't..

You seem to of become fixated with my posts for some reason. You might find it more benificial to convey fact and opinion regarding the company than waste your energy on my posts.

There is a filter button you can use which will stop you seeing what I write, of might make you feel better if you use it unless of course you just like the interaction of accuse/refute... Each to thier own I supoose

"Depends if you are looking at ARBK or ARBKF as ARBK is just above average 10 day volume."

Arbkf is way down on 10 day and yes arbk is just slightly better than 10 day by about 100k shares which is basically inline with 10 day average (just noise).

I'm not going to argue the toss if a 100k shares though, the 10 day volume has been rubbish on arbk and today was in significantly very slightly less rubbish.

Don't get me wrong I will always prefer a positive day to a negative one but today isn't anything to get exited about.

I'm sticking it out for another couple of weeks to give the quiet period time to end and some news released. If its not changed by then I'm going to turncoat to one if the other miners.

@Megson

"Chuz the eternal optimist"

Avg volume 1.2 million
Today's volume with 30 ish minutes left <700k

It's got nothing to do with optimism or pessimism it has to do with it being a relatively low volume based increase, which although is always nice to see doesn't mean anything in itself.

If we had the same increase on several million volume then I would be more interested.

"Looking very strong !"

Unfortunately rubbish volume so the price hike is built on sand, easy to walk it back down again.