Member Info for the_Chuz

@Canetoad

Ive got to admit I like the look of that melanion index, it looks like it could be a buy and forget type thing, just check in on it from time to time.. Probably we'll suited to my SIPP

@Ron
"Take down brown paper next to you on the park bench, and just breathe. In. Out."

No chance, the local scallies will do me over for my phone!

@Canetoad
"Why hasn't ARB risen? I have no frikkin idea..................... tell me if you work it out."

My money is on that giant solar flare coming our way

@Dsflat

"Chuz is an Argo fanboy so probably feels threatened by QBT for some reason."

Not partially a fan, I'm invested heavily in it but I wouldn't say fan.

You have been sending out ultraboost info? hahahaha, bet the recipients love that hahaha.

Surely if it was any good at all the rig makers would be all over it, I pre-emptive patent buy out would happen.. Well.. They would just buy the company for 20% more than today's price and have the patent.

It's a old real estate company which went down the toilet.. It then utilised its listed company status to go from real estate to blockchain tech haha.. To do this the *company' then hires some anonymous person who is paid in shares instead of real money. This anonymous person bumps and grinds an algo and lists a patent which has zero effect on the share price.

That being said, ARGO is arguably an even bigger pile of poo right now but atleast I understand its business, we'll in principle I do. Whereas with QBT, except for the name which I find quite appealing, I can't think how to value it because its basically some anonymous person as a single point of failure.

I suppose it could be seen as the Banksy of blockchain though!

I'll stop there though, in all seriousness I'd love to have a reason to buy into just so I could say I hold a million shares in Quantum Blockchain Technology (sounds sooo much better than it actually is)

I'm just so glad we are trying to pay for the 'best' personnel haha..

All we need to to do is increase hashrate and say how we will fund it.. None of the BS about smart strategy because all that has meant so far is retrospectively paying to be green which any miner could do if there was value in it and smash shareholders whilst be over Conservative on hash rate.

Just need a spike up so I can bail I think

Yep, we won't follow btc up but we will follow it down, atleast the other miners managed to out a bit on to thier share price so the drop won't be as painful... Unlike us who will feel every percent.

The company wanted to play with the big boys, the big boys say no.

@Kev

"Never believe what you hear and only half of what you see.

At best, the_Chuz is a switch."

I have never been anything but 100% honest and straight with my thoughts and actions on this board. When I have sold I have said so and when I have bought back I have said so. I hold 100% of my Isa and SIPP in just arb.. I even cashed in the eth I had to put it into arb.

I am vocal that I don't like a falling share price when btc has risen 45%.

I am vocal that we do not currently have funding for our plans and expect a share issue (that's normal) but I have major concerns if we get hammered again at around this price.

I have been vocal that for the company to grow the share price doesn't have to, (the market cap could double and we could have the same share price)

I presume that's what being a" switch" is? (not heard the term used before?)

@Megson

"Chuz pls come and vent your frustrations on qbt board again"

Yea I might do actually because that one really is a tur* and yet Im still compelled to want to buy it so I keep looking into it... I swear its just the name of the company I find interesting though haha.

@Argobull

"Chuz, sort yourself out. Constant moaning is boring.
If people can't see Argo's potential with 800MW immersion facility, more fool them. Time will get this all sorted. Nice CHARM tweet this morning, hope it catches on."

Just a couple more weeks :)

800mw facility is a theoretical maximum, as we both know they are targeting 200mw and also as we both know that will cost a few hundred million dollars which we don't have right now. In fact so far we are going to put in 20k machines.. Which we also don't have the money for right now. That will take us to 65mw buy the end of next year and will cost around 80 million dollars.

Let's say that PW has a nice taste for share issue now because why else be listed on a market if not to raise capital and he clearly doesn't give a hoot about the impact to existing shareholders... Where does it put us if the price is the same or close to todays price. Hell even if we were at £2 it takes us back down to £1.60 (the price before nasdaq).

The price needs to be at around £2.30 with what's known today to pay for what's known today. Being at 115p when 3.7 eh has been declared does not bode well.

@Canetoad

Its just the way I see it, if they were received as we were hoping they would be on the nasdaq they would of rocketed, but there's not much in the way of volume so no one really wants them.

And yes, I have a big load of these, I'm still 100% all in with my whole ISA investment and my entire SIPP is in too so I really do want it to do well, it just hasn't turned out like it (considering btc price evolution over the past few weeks).

I had cacluated 110p as the lowest after the dilution but that was based on btc being 40k not 55k+, it's u loved and I think a big part of it is the perceived screw over with the discount wrecking sentiment. Most buy into these miners as a leveraged btc play so to have btc gain 45% and us to of actually gone down makes it a rubbish investment.

I'll be giving it a few more weeks here and if its still the same I'm out.. And yes I will be complaining about it everyday I'm sure :)

@kev
"Mms need your shares."

Now I'm sure you know that's not true. It holds the same weight as my buy is shown as a sell.

Market makers hold enough shares to guarantee minimum order quantities, they do not hold masses of shares. They make thier money on volume and the spread.

They set bid and buy to what ever someone will pay, they make thier money via the spread.

MM do not want your shares what they want to do is make the market and collecting the money on the spread.

When it's low volume the spread is wider because they need to make money from the spread on a fewer transactions. When there is high volume the spread closes because there are more transactions for them to make money on.

Im sure there are instances of foul play but its about supply and demand not MM trickery.

No one really wants to buy argo, there are more attractive miners out there, when the balance changes and argo is more attractive then investors will buy.

It's not the MMs it's the sentiment and more importantly the attractiveness of the company that's the issue.

@Monet
"Another dead cat bounce, I can’t take it anymore!!!"

Dont worry, its not.

There is no bounce for it to be dead catlike. We are the same price as yesterday, it shows 5% up because we ticked down right at the close of play for us and this continued through to the nas.

No dead cat bounce because there is no bounce, not yet anyways

"Nice bounce up!"

Umm it's been 110 /120 all morning, it has just moved to 115/120p which is where we were yesterday.

Put the excitement back in the box for now I think.

@delacy
"The capital has been raised the money is there and yes it's really hurt us early investors however if your goals area bit more than a a £2.00 sp and plan on being g here fir a good few years "

No same investor buys a stock with the expectation to have to wait years for a return otherwise you just buy use your capital in other share syou think will perform and buy into argo in years (quarters and years) time.

Most investors are not a charity they want to make money. In years time the market cap may well be significantly higher but that doesn't mean the share price will be as it will get diluted along the way to get growth.

I don't care about market cap, I can't sell it to make a profit, I care about what each share is worth.

Quarters and years, long term hold blah blah is the talk of someone rationalising their bad timing in purchasing

@tiger
"I GUESS THE REAL TEST IS WHEN BTC HITS 90 K , THEN THIS SHOULD BE AT LEAST £2 IF IT ISNT ... THEN WE HAVE ALL BEEN DONE BIG TIME"

Thats crazy thinking (no offence meant) and it keeps happening here, its turned into a real jam tomorrow scenario.. When we get new machines, when texas is built, when btc rallies, when we get on nasdaq... And it all boils down to losing 30%

If btc hits 90k and we have hit £2 then I wouldn't be celebrating at all I would be gutted (even more than now). It would mean that you would of been wayyy better off just buying btc then buying in here, not only would you have more money in the bank.. 40k to 90k = 125% increase buying pure btc versus 115 to 200 = 75% increase.

Not only would you have made an extra 50% but you would also remove the 3rd party risk which is Argo.

For this to make sense as an investment then it needs to be above 230p a few weeks back, not when btc has increased 100%.

The only reason I am still holding, is because I am expecting a rally at some point, it is undervalued compared to its peers but its going on for too long now which is becoming a concern as no one seems to want to touch it.

I hear about all the great II and funds and whatnot buying in but all that's happened is that the SP has fallen. It also means the will most likely sell into a swift rise and put the brakes on it all.

Argo stock is broken

@Tripodman

"I'm genuinely curious as to why you actually felt the need to post that reply.

It seems quite childish."

Honest answer, I've looked at buying into it many times and keep thinking that there must be something I'm missing as I see talk of 20x multibags. Each time I look into it I just end up seeing exactly what I put in the previous post.

Its then I realise I am only even looking at it because
1) i could by a million shares for very little so I could dream about it going to a pound.
2) It has a really cool name of Quantum Blockchain Technology, which sounds like it should be amazing.

@drlong

"But if btc drops back to 30k wich is likley arb will be 60p"

Its not quite that simple fortunately, at 30k there will be some machines turned off due to lack of profitability, this would lead to a drop in difficulty which would lead to more btc mined.

A significantly lower price medium term would suit argo just fine. Well, its not as if a higher price has had any positive effect

@cryptominer
"stock was down 8% so I added some more shares...if this is a very early ARGO Blockchain we can see a 20x bagger to 30 pence...hope the company can start Mining BTC & ETH plus US Listing could be a trigger and some license deals with big BTC Miners and ASIC producers. More research is done while we waith"

Its a failed real estate loss making company with nearly a billion shares in issue who's "asset" is a anonymous crypto-sting, who could quit, leave, die at any point then there would be nothing... Except a patent that doesn't really set the world alight.

I suppose crypto-stig will just keep making these massive algoithm enhancements and getting parents.

"Once they've fixed the MCap error, we'll rerate big time."

No we won't that's practically irrelevant.

We are down a few percent while other miners are up 10%.. The problem is its not just today, we've missed the run up.. Btc increase 45% over a few weeks and we fall a few percent.

I'm surprised the stocktwits lot arnt calling for PWs head as it shows a bit of an error in strategy.

How can a miner not I crease its share price when btc has increase from 40k to 57k. My biggest concern is getting smashed to below 1£ when btc retrace.

Steaming pile of plop and still 100% all in

I think it's just no one wants it because there are better miners out there with better plans for development.

Just backed the wrong horse, I bet we catch the pullback.

We all thought that the nasdaq was the way to go, because of the volume and potential, looks like it wasn't the way to go at our stage of development. Next to no volume.. Btc soaring and no one wants this.

PW and team won't care less... Quarters and years remember.. And in that time other miners grow day by day.

But its OK we are just undervalued and soon all the funds will buy argo because they just really want argo because they do.