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| Share Name | Share Symbol | Market | Stock Type |
|---|---|---|---|
| Argo Blockchain Plc | ARB | London | Ordinary Share |
| Price Change | Price Change % | Share Price | Last Trade
|
|
|---|---|---|---|---|
| 0.80 | 7.14% | 12.00 | 14:52:16 |
| Open Price | Low Price | High Price | Close Price | Previous Close |
|---|---|---|---|---|
| 11.50 | 11.50 | 12.25 | 12.00 | 11.20 |
| Industry Sector |
|---|
| SOFTWARE & COMPUTER SERVICES |
| Top Posts |
|---|
Posted at 26/4/2024 08:37 by ih_818120 Ken Chung - 14 Apr 2024 - 07:33:26 - 34061 of 34153Bitcoin just $64,557. Will ARB go bust after the halving next week? Lemmings and mushrooms only. Ken Chung - 14 Apr 2024 - 00:17:44 - 34060 of 34153 Bitcoin just $65,164. Will ARB go bust after the halving next week? Lemmings and mushrooms only. Ken Chung - 12 Apr 2024 - 22:32:40 - 34057 of 34153 Bitcoin just $66,848. Will ARB go bust after the halving next week? ------ I gave him the benefit of the doubt and a few weeks wiggle room on his predictions. ------- Ker chung |
Posted at 21/4/2024 19:04 by broomrigg ARB on a trajectory to go bust at that level? YES.Bitcoin needs to very quickly find a new trading range with c.100,000 usd being the low end of it for ARB to survive. Not looking good and probably too late. SELL. |
Posted at 23/3/2024 06:46 by ken chung Sel ARB, sell ARB, sell ARB.Lemmings and mushrooms only. |
Posted at 20/3/2024 10:32 by 1knocker Look at the BTC price movements around the last couple of halvings.It didn't make an ATH ahead of either, and did not get moving until many months afterwards. So far, BTC 2024 is pretty much in line with the 1016 and 2020 movements. Some say BTC has a predictable patten, but I am not convinced by any of the valuation models, save tht it is generally does not do well when big tech is not doing well. As for ARB, I feel no inclination to get back in now, though it is below the price at which I sold out the last of my holding. If BTC follows the 2016 and 2020 pattens, ARB is going to be in trouble when the cost of mining doubles next month because its balance sheet is not strong enough to wait long for the BTC price to rise. It is dependent upon making a trading profit on mining and selling BTC. Others take a different view I know, and i certainly have no crypto crystal ball, but while I am happy to ride the roller coaster with BTC I feel a whole lot happier being out of the miners (and especially ARB at present. Sorry to be so gloomy, but that is how I see it and, more importantly, how i am playing it. Time will tell whether I have got it plaited or not. |
Posted at 14/3/2024 15:03 by 1knocker Despite the much improved management team, I do not see a future for ARB.It is a small operation, with no USP or operational advantage, no significant holding of BTC, and a weak balance sheet. It needs to raise capital to expand its operations, and at its current market cap even a highly dilutive capital raise spent on new mining capacity would still leave it very much at the small end of the sector. It has little in reserve to ride out any period of unprofitable mining following the imminent halving, and is thus at the mercy of the BTC price. With the world, his wife, and their dog all unanimous that BTC will keep on rising, I can't help wondering if we are due a sharp pullback in the BTC price some time during the next few months. Sorry to be so negative, but it is a view I have held for some time.I sold the last of my ARB a while back, before BTC got motoring, and above the current price. Even if you see value in the sector, I can't see a case for selecting ARB in preference to one of the stronger US miners. Buying US shares is not difficult, and as none pay dividends there is no jurisdictional tax complexity to contend with. Personally, I don't much like the crypto mining sector. It seems to me that the crypto currencies themselves and the crypto brokers are the way to play this bull run. |
Posted at 13/3/2024 10:30 by pwhite73 stockhunters - ARB is a miner of bitcoin. Like every other AIM miner the rising price of what you mine has no effect on your operations unless the sale of the product covers your expenses and services your debt.If you're a gold miner the price of gold could rise 1000% but if the price of gold is not covering your operational costs and servicing your debt the company will eventually go bust. That is where ARB is. They have debt and their mining operations have been adversely impacted as per the RNS 05/03/24. That's why the all time high price of bitcoin has no effect on the share price of ARB. The next reappraisal will happen when they report operations for March 24 which won't be until early April 24. Furthermore I suspect they are also forward selling the next discount placing. |
Posted at 05/3/2024 16:10 by 1knocker Be careful campers.The halving doubles mining costs, and if the price of BTC soars, ARB has not got much of it left on te balance sheet. That 30p, and even 20p, confidently anticipated only a few weeks ago, looks pretty distant now. If you are a prospective buyer of ARB, I would not be surprised to see a dip in the BTC price following the halving, before a resumed upward trajectory. That dip, and the realization by unvestors that the halving doyubles mining costs, may well give you a better entruy price than today's. IMO, though, ARB lacks scale and balance sheet fire power, and has no USP. I see it raising capital at a deep discount just to survive. My assessment: SELL, AVOID. And for God's sake don't put the proceeds of any sale into QBT! Buy BTC, Etherium, or a company with large holdings or either or better still both. As always, just one bloke's opinion. DYOR. |
Posted at 22/2/2024 10:43 by 7rademark ARBs short term share price is reliant on BTC. But ARBs Sp as with other miners can over react and give a greater reward or loss than owning BTC. if BTC puts on another 10% before halving I thing ARB will go alot higher hence my comments. I don't really care about ARBs medium to long term future or knockers negativity. If the trade fails so what. |
Posted at 20/2/2024 18:37 by 1knocker Be careful, 7trade. ARB's balance sheet is weak, it has no great stash of BTC (unlike the big US miners), its mining operation is unprofitable on an AISC basis and its costs of mining each BTC will double after the halving. It need to raise a LOT of capital if it is attain critical mass. Expect a deeply discounted, highly dilutive, issue of new shares. ARB has no USP now. I think you need to identify a big potential upside for ARB to outweigh the risks in order to conclude that the risk /reward ratio favours buying ARB rather than BTC. ARB will suffer if BTC falls, but ARB also caries operational risk which BTC does not.The consensus seems to be that BTC will soar on the halving, but the world and his wife are also pointing out that BTC has a highly predictable price movement pattern on halvings. Logically, one would expect that market expecting such a rise would have priced it in ahead of the event. If the expected surge does not occur, inflows of investment int te new BTC ETFs may not be as great as expected either so that they will provide a smaller tailwind than expected. On the other hand, a BTC price surge big enough to catch the eye of the non-financial press could lead to sudden large inflows into the ETFs, and a liquidity spike. In that event, the tricky question would be when to take profits, as hot PI money might well flow out as fast as it flowed in on a sudden price drop. Those considerations also pose a very tricky question as to when ARB should raise capital: go early, while BTC is on the rise, or go later when it may be much higher (and with it the ARB SP), but at the risk of missing the boat if the BTC price does not behave as predicted on the halving? |
Posted at 15/2/2024 08:57 by 1knocker ARB, like the other miners, is loss making on its mining operation.Unlike the other miners. 1. ARB does not have a large stash of BTC appreciating in value with the recent rise in the price of BTC, and 2. ARB has not negotiated favourable electricity supply contracts under which it is paid NOT to use electricity at times of high demand. Such contracts are particularly profitable because the basic mining operation for which it paid not to draw power is itself unprofitable. It is therefore logical that while ARB moves with BTC, it will lag BTC when BTC rises and fall faster than BTC when BTC falls. |
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