atmysignal,
"Why is this so low when btc is so high?"
Have you read the accounts?
1. It's hopelessly loss-making
2. It burns c. $1m to $1.5m a month
3. It's got a technically insolvent balance sheet with negative net assets of -$19.8m!
4. There's $40m of bond debt that trades at just 27% of par, indicating extreme financial distress:
5. They're being evicted from their data warehouse in Texas with effect from 1 January 2025!
It's difficult to imagine a bigger crock of 💩 ...
.. and yet it appears that lots of people don't understand these basic facts (^^) and just buy because ... " errrr bitcoin"!
JakNife |
Why is this so low when btc is so high? |
Another good move up just now 5.25 v 5.75p +0.20p
Volume of 621K so far |
mr bernard castle
And I thought you were Squatting under the bridge,
but I realize that was your home.
Castle it must be the one in ruins
ARB is doing fine
or you are blind |
All credit to 1knocker. Fools are easily parted from their money! |
Noirua, I have tucked those charts in the header. |
As soon as master rsi starts posting *mm little games" you can tell he is a clueless mater bater |
Eh ??? Have you been drinking pal or do you need professional help |
There is a nutter around, who needs a proper knock
There is a reason for the Rubbish posts by the - knocher - is baking QBT, posting all day there |
somepikey, have you been sniffing Suffernofools' farts?
Be careful. They are hallucinogenic. |
HPC move in April will make this muilt Bag IMHO DYOR |
Now from these extreme lowball valuations and post the fund raise here, upside potential by far outweighs any downside risks, ARB is finally a Multi-bagger in the waiting IMHO, of course time will only tell but today it’s screaming oversold/undervalued; "The stock market is a device for transferring money from the impatient to the patient.", and timing is key.
Watch This Space from here onwards, and GLA! |
Yes I agree with Ik about ARB but has anyone here looked at Vinanz (BTC) like XBT it is not known by most !!. The interesting thing is that one of its main Directors is David Lenigas well known in the 70's in the mining industry !! |
👍 mr bernard castle. Master RSI is an arrogant halfwit. |
Great minds 1k, I also still have my XBT - annoying not being allowed to add to it though! |
You know when a share is doomed when self proclaimed Master RSI (aka master bater) turns up Totally clueless bellend !!! |
srpactive,
"Morning didn't clocktower say we need btc over 100k?
dyor"
It was I that said that Argo needs BTC over $100k just to break even.
That was before Argo announced that they were being evicted from their Texas data centre and hence were going to lose 90%+ of their BTC mining capacity.
BTW, Argo's debt now trades at a mere 25.5% of par:
Indicating "monumentally material financial distress", as opposed to just "material financial distress" a month ago when the debt traded at 37% of par.
JakNife |
zydecoco5 Dec '24 - 08:01 - 11024 of 11026
0 0 0
Hope at some point you moved past contemplating to deciding
Contemplating is my middle name - |
The coin 🪙 breaks $200k Argo hits 3p lol |
( 8 years from now people will be saying they contemplated buying at 100k ) |
Hope at some point you moved past contemplating to deciding |
Register for real-time alerts, custom portfolio, and market movers
Hot Features
Premium
