Member Info for the_Chuz

@flushfrank
"is their a lock in on the IPO shares or can they sell straight away?"

Theres a lock in only on around 5 million, the other 70 million (7million adr can be flipped immediately)

As I've written that somethings not stacking up to me.. Why are 5 million locked in and 70 million not locked if both ar eat 1.10, you just wouldn't agree to the 5 mil lockin

@Moneyman
"Good luck with your theory the_Chuz.
I would not want to be out when this goes live today on the Nasdaq.
We could have some good gains sharply or maybe I'm wrong and drop slightly I would definitely not want to be sitting on the sidelines on such a big day."

Yea it could go either way for sure, it's why I've oy sold a third. That way if it goes to the moon I've still got a good chunk.

All said and done, either way, no matter what happens today in a few weeks times we will be higher for sure with the new flow.

@Hawkesbay

"Hard to call. Chuz could be right in that there could be profit taking at the start which would drop the sp but to what level and if so would provide an opportunity however it may see huge demand as well in that huge market called Nasdaq and instead cause the sp to move towards 1.70/1.80. Tough one."

It is a real conundrum, is a yone else sat with a scru ch up face thinking bahhh I don't know what to do for the best? Haha.

Ironically the most sensible thing to do is just to hold and look again next week where I'm sure it will be higher, that way there's no stress or drama.

The only reason I've sold some is so I can buy back in cheaper and have more which is really just greed. So for all my 'logic' I'm making the call based on an emotional response.. Greed and we all know we are supposed to take emotion out of investment decision... So now logically I should of just held because I might not be able to buy back in on a dip it might shoot away.

Hahaha basically damned if you do, damned if you don't., someone take my phone off me before I dissappear up my own a*** hahaha

"The $15 shares will be gone in a flash!"

Right I've had to apply some logical thought as I get too overexcited counting my millions before I have them.

This mornings drop and rebound was based on the reaction to the 1.10 price and then people seeing value at a lower price eans buying back in. No shares have currently been issued. Nobody was able to flip a profit from the IPO by quickly selling shares and banking the difference.

Today when nasdaq opens the shares are actually issued, a significant proportion are allowed to be traded straight away, there is an easy 45% profit to be made by the IPO investors selling immediately.

There needs to be enough of a sponge to absorb that selling/flipping. It is differnt to this morning because no 1.10 shares were able to be sold.

Yep, I've done it again, I've sold a third at 157 in anticipation of a drop off at 2:30 so I can buy back in.

That's my logic and you can all have a chuckle if it kicks me in the nutz and does a moonshot ha.

If this is the appetite in the UK, I wonder what it will be like in the US.

I want to sell some to cover my butt abit but at the moment I don't dare incase the US take the green batton we hand them and run with it

@Kev

"If this really has been held down for the IPO, what are the chances that our “friendly” shorters get to buy their shares back at $1.50 this afternoon?"

I'm going for practically zero chance, I was watching live pricing on the drop this morning and was surprised by speed of recovery and also surprised that it didn't actuary drop that low at all.

Unless something materially changes between now and nasdaq opening in just going to sit it out I. E. Not sell and buy back.

I do not want to be in the position of selling them and then getting the dreaded " could not place trade* when I try to buy back in.

It's in much better shape than I expected it to be so I think this afternoon might be a surprise too.

Who knows though I could be crying in my soup later

@hexam
"So maybe flip a coin to decide"

Done..and you know what.. It landed on it side

@Hexam

"Except the vast majority of new shares are not locked in (according to the NASDAQ filing). So opening in US this afternoon will be interesting with some perhaps cashing in big profits whilst others look to get on board."

Sheeesh are you saying I might need to sell and buy back again, my fingers are going to go let worn out ha

@misterbeck

"So we are just temporarily down 5% in the first 30 minutes of trading. why is everyone crying... just chill this is heading north along with BTC double-whammy."

I think it's a great result.

If it shot up then it means the company mispriced the IPO and didn't gain the money it should of done.

If it tanked it means the IIS are annoyed because they were sold a lemon. So to be +-5% is actually spot on.

I think back to a couple of weeks ago when we were at 135p.. There was talk about shares being at a premium for the IPO which I didn't agree with and as we now know they were at a discount( I do like to be right sometimes).

BUT and it's a big BUT, if you look at the share price now and take base it on the 135p which is where the debate was centered they actually ARE at a premium now within a few minutes of trading.

All depends on perspective and its one of those odd situations where 2 completely opposing views were both right.

@Kev

I managed to get back in at 150p It was the right idea but badly executed on my part. I've got a few hundred more shares than I originally had so can't complain I suppose and it was a risk insurance idea incase it went belly up.

Now the work for us is done, just along for the ride.

@miaterbeck

Nicely done , I went too low and now need to wait for the transaction to kill so I will miss the drop.

Ahh well, messed that up, I'll end up buying back in for more than I sold now.. Its a dodgy game we play ha

Da*n it I've missed it, order set too low, I got greedy

@Ace03

"What I don’t like is the discount he’s giving his pals"

I'm all for calling a spade a spade but how could it not be discounted? There are 20% more shares in issue and we were in a 130 - 140 trading range for a long time before IPO froth.

So if you take 20% off 135 I think it's actually about fair value, its not screwing PIs and its not screwing the IPO investor.

What's good for the company is not always good for existing PIs.
If you previously believed in Argo fundamentals then you should believe in them even more now we have 100 million to spend.

To me the wiat for market to open today is like waiting outside a shop for a sale to happen to get what you can.

Any drop will be short lived..

I've taken bluebay suggestion (not advise of course) and set up a fill or kill this morning, if it doesn't execute (I am pushing my luck with it a bit) then I'll be back in manually at whatever I can get.

@bluebay
"You would need to have a buy order in for your price really and hope it fills rather than trying to spot buy at 8am"

Actually yea, you might be right there.

@miaterbeck

"I am currently 2/3rds invested with my whole shirt"
Don't lose your shirt
Actually fair points and a decent strategy too..."

Not just a typo but a Freudian slip I reckon haha, I know I am soo overexposed in this that it's borderline reckless but I just gotto give it a go ha

@lolades

"That's a great link, Blubay. I think funds are going to get a lot of the shares before retail even get a pop at it. Also a reason why Argo went to such lengths to become the only climate positive miner before the IPO."

I think you're right there, one thing that's for sure in my mind is any drop today will quickly evaporate. I've got to be ninja quick this morning, 8:03am or 8:04am is my buy in time.

@misterbeck

"By my calculations we open at £1.50 or thereabouts.
Closed at approx £1.60 yesterday.
20% new shares at approx £1.10 - is a 50p price gap.
80% of 50p is 40p.
£1.10p + 40p = £1.50p
Reckon it will drop a bit more into 140s on open due to overreaction and then quickly rise again BWTFDIK
Ultimately its up to the MMs and wherever they want to take us."

Im going lower with £1 25 due to the disappointment factor. That's what I'm going to try and get the other 3rd back in for.

Before anyone says about me deramping I am currently 2/3rds invested with my whole shirt term investment pot and I'm still 100% invested in the long term pot. So I want /need this to go up.

I don't think there will ever be a better future buying opportunity with this share than first thing this morning.

Who knows though ey, it's all the roll of a dice.

@simon

Pretty much and as such I wouldn't expect to see the full force of the drop. I think there people will be disappointed but then end the day with "actualky that wasn't too bad" then in a few weeks be happy again.

The company has a reasonable amount of cash now to get things moving.

What's good for the company is not always good for existing shareholders.. And to quote PW, "quarters and years" ( which i perso ky hate as it doesn't give a reason to invest right now)

@brianwills

"Personally disappointed with equivalent of $1.50 per share, based on recent movements this is quite a discount. Have to question who drew this up as the price has only gone this low on bad day dips over the last couple of months. Still plan to hold for the long term as I still believe massive future potential. I don’t see it as a huge dilution though as the incoming money is instead of debt & buying into assets.
Gla & hold on, if this takes the price down I’m sure plenty will buy up the shares"

Dont feel to harshly done.. If we take £1.35 as the start point because the rest is ipo hype added on and then factor in there are the addition of 20% more shares then its actually about right.

It will most likely drop first thing and I will be buying more (sold 1/3rd in anticipation of a drop).

It will soon pop back up and I thi k it will happen suppridinglt quickly based on the news flow expected.

Hate to say it but... Told you so, in fact I think you will find I was spot on with 110p... I'm only saying because I got a lot of grief for that :)

Now, here's the key thing, how will the market take it.. Initial drop then blast off I reckon.