Member Info for the_Chuz

@bluebay

"So last Monday BTC was $45k and ARB was 131p, since then BTC has gone down about 5% and the SP has gone up about 20%, and you don’t see anything ‘exciting’?"

Ive been quietish the last few days as I can see people getting carried away and expecting to much, I think there might be some disappointment tomorrow when we don't double in price as some seem to think will happen.

There was some good discussion a few weeks back on the IPO being at a discount which I believed they will be But the discount now is starting from a higher price so for me I'm not so sure that they will be below 1.30 now.

It's all fun and games, let see what tomorrow brings, I'm not expecting fireworks but I think within weeks we will have the good news RNSs that will be the catalyst to a decent climb.

Not long now and we will see if santa is brining prezzies or coal.

@flowerpot

"Don't need to anything like the previous growth spurt mate.
Everyone here will be in profit with just a 2x"

True, although I would of thought 3x to be the fair amount for holding, breakeven +profit+time+risk.

Either way I could really do with about 4.25x to make my plans come together :)

@barnpeter
"My strategy is to build a bigger and bigger freeroll on Arb. I have been in this stock for many years and I have learnt that no-one knows where this will go. Look at this buy from exactly 11 months ago today. 6 pence. Where will this be in 11 months? 10p? 1000p? I have absolutely no idea."

Im always very wary when past performance is quoted.. Io me it's like a 18 year old saying look how much I've grown in the past 18 years, from 1ft to 6ft, so I might be 12 ft tall in another 18 years.

It's good that someone who bought in a year ago has made money, but there are also plenty who have lost money.

Sometimes I feel like the biggest growth spurt has already happened and although there might be some meat left on the bone, its not quite the meal people had previously

@chuz
"Who knows how long it will last but good to see"

About 10 seconds, still good to see though

Just gone blue 168/170

Who knows how long it will last but good to see

@musicman
"many are looking at the world and thinking with so much going wrong is it all an accident?? fail to see how we are getting pulled into all this,,,, deliberate financial vandalism some might say... let's hope ARB do well"

That's so. Conspiracy theorist :) but if we were to think ong those lines then I would say things are gearing up to slow or stop china's progression as the world's leading nation.

There seems to be alot of manovering and realignment happening between nations.. New cold War.

@s4ndmod

"With financial Armageddon possibly beginning on Thursday (If Evergrande ) fails to make a repayment to at least two of its creditors ( the banks have all but given up getting their money back ) the crash that is sparked off could cause massive ramifications throughout the worlds banking system.
Crypto has never been more tempting!
I am in ( just £5k ) but this could be the catalyst to shift the world of crypto front and centre of everyday life "

Thats maybe a hypothetical possibility but I'm not sure it's very likely, I also think if the scenario played out then you would see a significant amount of mo ey drained from the financial system. Argo is listed in fiat.. The risk adversion would cover all fiat so argo would plummet.

Holding btc directly might be a saving grace but we are too early in the game for that, a that would happen would be a massive sell off whilst the big boys sat on fiat ready to take advantage of it.

Think back to the big financial crash we had, fiat was sucked out but other safe havens didn't go up proportionally, I. E. Gold didn't go up by the amount that was liquidated, it sat as fiat in capital preservation mode ready for the time to respend.

You could argue that the quantative easing that followed has caused significant asset inflation (housing, crypto, commodities etc) but that again was the pump in of fiat to counter act the didsaperance of fiat.

I just want Thursday to come and go so we all know where we stand.

@kev

"Thankfully, none of the above matters to ARB, the IPO, the sp post IPO, or the Texas buildout."

Too true, it only matters to my pocket and as much as I want argo to succeed I want my pockets filled more :)

My strategy - if news in rugs or anything like it comes out early next week then I'll sell everything as I would see it as the final pump before IPO. If its all quiet in the news front then I'll hold as its then a good news flow to kick start the nasdaq listing.

Choices choices.. All I want to do is retire early, sury thsts not too much to ask

@FreshTuna

"I wasn’t comparing companies I was referencing an unsuccessful nasdaq listing"

Don't worry, I get what you were doing, this board is a little bit punchy when new people post who arnt 100% positive.. Generally a good bunch but just a bit punchy.

Yes it looked like 4D has been on a continual drop since IPO.. I would say the 4D CEO done a fantastic job convincing IIs to part with thier money, which went straight into 4Ds bank account when it would appear the IIs over paid.

It is true that the investors who have bought and held since have been done but an IPO is to generat cash in the bank for the company not keep retail investors in profit. It looks like it sold a $8 company for $12.

So I would say the IPO was a massive success, now the company has more money that it's worth.

If you think of it anothrr way, if the share price had boomed it would mean that they underpriced the IPO and lost out on alot of money in the bank because as we know the company doesn't get any money of shares bought and sold after the IPO.

I suppose it all depends on how you look at it, do you want the company to have the extra money to build and grow or do you want investors to have it. Short term pain and all of that.

I think ours is a bit different considering it's a dual listing so there's no where near the amount of ambugity in price finding to start with.

Anyways... Food for thought is all.

@600

"I think we need to consider the MC and not just the raise, it is all about growth. The book-building process provides a comprehensive 'feel' on which to base the launch price - only my opinion. Maybe we need to agree to disagree. ATB"

Its just a thought on my side.. Hopefully it shoots up..

@600

"@the_Chuz, I take your point but I'm afraid I don't agree it would be a good thing. To base the launch on maximising the raise on day 1, is IMO, shortsighted. We need momentum and we need to grow. Dropping back would be good for traders but I am heavily invested here and am looking for growth, strong growth. ATB"

The company only gets money from the IPO launch not whatever happens to the share price afterwards that's just investors.

The only way the future price is relevant is when there's another round of fundraising which hopefully won't be straight away.. So really the company needs as much as possible 'free' money from the ipo

@600
"@Amanensia, I too think it is based on the book-building process. Because it is a process, it reflects that time scale. Not only that but as you rightly say, there is no point in setting a price that is too high and then drops back. The success must surely be in gaining momentum. ATB"

I think Unfortunatly the sign of a good IPO is if the price crashes on launch, it means the company has managed to sell shards at higher than there value.

What's good for the company is not always good for the current shareholders..

Hopefully with the price being established for trading already we will go up.. If not back to 130 I think

@jimmy
"Someone on here or Stocktwits said the ipo would’nt raise enough to kit out Texas and not sure if it was the same post or not, but it was suggested that Argo was aiming for 100mw and not 200mw which was originally said, now I remember Peter wall saying something like it costs $250000 - $500000 per MW, so using the upper figure, that would surely be $100m for 200mw, has anyone heard any news about this?"

Yea that's about right, $250k for 200mw.. So around 120k for 100 mw maybe 100k if there's any going cheap.

There are options though.. Once the facility is built we can rent it out to homeless miners.. Although I think there will be enough money in the pot to get texas well and truly operational.. Just not the full 200mw..

I'm still going with 164/165 as the price.. Arbkf only just touched 169 so I don't think 175 happened.

@splatted

"Coinsilium. Its going to be my next arb when they finally get around to doing some pr. Still got my million here at 6.9 p and not top slicing till £5"

Im pretty risk tolerant but not sure I could ever stick 70 grand into what was then a penny share.

Yep, fireworks or bonfire... Tune will tell

@Tiger
"KV3 , thank you , and you are about to experience my magic first hand ."

Be nice now.. Some people might actually believe you and lose money.

Of course if you were any good at predicting even a direction of share price rather than the actual price then you should just make your millions that way.. Just be over 60% right on the direction let alone the price and you would be minted

@canetoad

I think it was inevitable it removes argos USP, its why I was a curious a while back about how hard it was to join the various green commissions and syndicates...

@chimers
"the-chuz, it's only my own view, but i think we will be well past £3 by the end of November"

If we are I will as happy as a pig in sh** :)

More spread tha lurpak