Argo Blockchain Share Discussion Threads

[s25ava] 17/12/2019 08:21

Becoming annoying lol

[hootza616] 17/12/2019 08:19

Wow, seller still dumping every morning.That news telling us how much profit we are making couldn't come soon enough!

[roddyb] 14/12/2019 09:37

Don’t agree (too)ˆ blockchain, like graphene, is a tag used in companies that hope to ride a wave of hope without deep scrutiny. PI’s are lead by USDBTC and make assumptions on the difficulty rate of mining. I suggest they are right on the money here, the massive returns ARB had back in the weeks of $9k plus BTC are unlikely to be repeated over the past month of the next quarter. We have ploughed every drop of money in machines and IF the market improves we will score. Plenty of time for Mr Market to update the share price - let us see how we fare in February...

[horneblower] 13/12/2019 22:10

Don't agree.

Block chain, BTC, and "mining" are not difficult concepts for the average student but they have been completely obfuscated by stuff in the media spewed out by idiot journalists.

Like quantum mechanics, they have been smeared with the obnoxious odour of spookiness that they simply do not deserve. Quantum physics is still suffering, after almost a hundred years, of being too difficult for normal people to understand. Actually, a calm study of it reveals a proper understanding of what the world is made of.

Read the history of these concepts and much will be revealed.

Journalist: a poorly educated person who strives to convince her readers that life is as baffling to them as it is to her.

[scrutable] 13/12/2019 18:09

This share, though extremely undervalued, is just not typical of small growth companies, and there are no comparables. No Pi that I know, nor broker, understands Block chain, BTC, or "mining" (nor do I)and are fearful of holding it. Only regular RNSs can keep the sense of greed or wonder needed to sustain the share price.

At the same time the febrile atmosphere of Brexit has restrained the share values of almost all small cap growth shares. ARB is not alone. Good news has been causing very short lived spikes throughout the Autumn.

Even the market seems not to have noticed the extraordinary RNS of August 28th, which told of 1000 Bitmain Z11 Antminers achieving 100% pay back from installation in early May ie were adding to gross margin at approx 350%/pa. Since then the value of BTC has slithered badly but the reduced production margin is amply covered by the rapidly growing bank of machines.

In the circumstance PIs need the spate of Rns trading updates to continue at the admirable past frequency

[w1ndjammer] 13/12/2019 15:58

Had a few more today, the only stock in my portfolio that is not up,

sure this will follow the rest soon enough.......

WJ.

[oakey1] 13/12/2019 07:32

Well at least they answered my email.......
Raymond,

Thank you for your interest and support for Argo. We aim to provide timely updates as and when it is appropriate. Since our last announcement in November, we have continued to focus on operational excellence as well as preparations for the delivery and installation of 10,000 new machines by the end of the first quarter of next year. Please be assured that any significant news about the business will be shared promptly with you through formal announcements.



With our season’s greetings.



The Argo Team.

[hootza616] 12/12/2019 13:42

Well we just have to wait and see. Let's hope an update soon.Would be a nice Xmas present if this was back in double figures!

[stoneme] 12/12/2019 10:31

Sorry.I remain concerned that from regular updates to effective radio silence suggests the company has no good news to share. The capital they had had been thrown into new hardware, which needs to generate ROI, and ultimately BTC to cash.If you read my earlier posts, you will see I believed the company was being purposefully vague to protect the BOD of things did not turn out as they originally expected.

[hootza616] 11/12/2019 14:07

How do we know the company is doing well without updates. Your argument suggests the company must be doing badly because of the share price falling. But from what info is anyone believing this?There is only one alternative to this company making a profit and that is corruption and lies in the previous RNS. But to what end? This is not an AIM company and should be trusted to update significant changes.If the directors are happy to invest higher then I see that at least as a vote of confidence.You have to admit the share price is ridiculous considering the value of the assets and forecast profit. I believe all those that want to invest here have as many as they want and the seed investor is still dumping. So until there is more demand than supply the share price will drop. Until someone makes an offer and buys a very cheap and efficient crypto miner!

[supercity] 11/12/2019 12:55

If you look at it like that then they had 15m in the bank in February and the shares were 2-3p.They have now invested most of that money on machines at a time when mining has become more difficult, bitcoin price is extremely volatile and already changed one order of machines for more efficient machines (so how short a life span do these machines have before even better ones are launched).Add to that the mining reward will half at around the same time they will have all their machines installed I can see why there is caution.They were happy enough to update monthly earlier in the year but have since decided on keeping quiet on the amount of coins mined.The next update will give more of an indication as to whether the business plan is working or whether too many miners are now out there

[king suarez] 11/12/2019 12:22

The market is basically saying the company is worth less than the value of the mining machines purchased, suggesting a complete waste of cash - I don't really get it.. the quoted margins are very high, so presumably will be some decent profit made at current BTC?

Just a short-term misspricing or some kind of scam?

[stoneme] 11/12/2019 08:15

I am sorry. You always 'look for' the positive, make assumptions which support your views, rather than asking yourself 'why?' With a more curious mind. If the company was doing as well as we are all assuming, for sure the share price would be higher, much higher.There is more to this story to unfold.

[horneblower] 10/12/2019 13:58

I think that after the last couple of RNS which excluded the one piece of information that the market wanted, the market reacted as expected.

[hootza616] 10/12/2019 09:54

I think that after the last couple of RNS which included positive news the market did not react as expected.The company has probably decided only to update where necessary.What we really need is a cash profit statement so the share price can move to correct value.

[parsons4] 10/12/2019 08:32

peted81
I agree the installation of the equipment must be keeping them slightly busy !!!!!

[peted81] 09/12/2019 17:34

I'm expecting you're correct about them just being busy. The last RNS was that 500 new machines had been installed and 17k would be operational by end of Q1 2020. That means an average of 500 more machines every week.

Some people seem to expect an RNS every time they sneeze. They've announced what they're doing and how long it will take, let them crack on

[whoppy] 09/12/2019 14:29

The price has been manipulated somewhat on the basis the company has gone quiet (to me this just means they are busy) and the seed investor has the last of their shares still to sell, and the other is the market is not convinced of a bull run in Bitcoin. Recent director buys were at 6.9p, so market is probably undervaluing the company.

[hootza616] 09/12/2019 08:17

I don't think we are so far away.I have not used cash for years!Even travelling abroad I never take any foreign cash.If they don't take my Amex card then the don't get my business.It would make no difference to me if I was paying in lumens, BTC or pounds and pence.The thing holding governments back from managing fiat on blockchain ledger is the banks, who would lose control over the stored wealth of others, and of course the ability to create "virtual" money from it.But soon the governments will see the benefit of zero cash transactions, zero tax avoidance and zero fraud outweigh the bank pressure to stick to the status quo!

[ragnarr] 08/12/2019 18:35

Can cryptocurrencies ever replace fiat? This has been a subject of debate for many years now. According to Deutsche Bank's latest study, the answer could be yes. Deutsche Bank's analyst Jim Reid's new study, titled 'Imagine 2030', stated that Bitcoin and other cryptocurrencies could eventually replace the established Fiat currency system by 2030."Overcoming regulatory hurdles will broaden their appeal and raise the potential to eventually replace cash."The research pointed out that cryptocurrencies have always been "additions", rather than "substitutes, to the global inventory of money". After a decade of Bitcoin's inception, cryptocurrencies have not managed to take off as a means of payment despite their well-known benefits, such as security, speed, minimal transaction fees, ease of storage and relevance in the digital era. The research noted the fading confidence of the people on the legacy institution, and stated,"The forces that hold the fiat money system together look fragile, particularly decades of low labour costs. Over the next decade, some of these forces could begin to unravel and demand for alternative currencies, from gold to crypto, could take off."Source: Deutsche BankFor cryptocurrencies to become widespread, it needs to overcome three main hurdles following which the "eventual future of cash is at risk". The cryptocurrencies need to become legitimate in the eyes of governments and regulators. This can be achieved by bringing stability in the otherwise highly volatile market. Additionally, alliances must be forged with key stakeholders – mobile apps such as Apple Pay, Google Pay, card providers such as Visa and Mastercard, and retailers, such as Amazon and Walmart.New challenges are bound to crop up once the aforementioned hurdles are crossed. This essentially means that the entire financial system will be based on electricity consumption and hence the financial system needs to be ready to overcome any kind of electricity shutdown or cyberattack. The research stated,"As we look to the decade ahead, it would not be surprising if a new and mainstream cryptocurrency were to unexpectedly emerge. Some countries with historically-strong banking industries are trialling cryptocurrencies. Separately, cryptocurrencies may constitute the best tool for a digital war. The question is which country will take advantage of being the first to obtain licenses and build alliances. As that occurs, the line between cryptocurrencies, financial institutions, and public & private sectors may become blurred."

[horneblower] 08/12/2019 12:56

My view is that's unlikely.
Firstly, the extreme volatility of bitcoin will stop it becoming a trusted currency.
Secondly the huge cost of mining will become unacceptable in this age of global warming.
However, I do believe it will bounce after it hits $6k (although there's a reasonable chance it will go as low as $4k) so ARB will also.

[hootza616] 08/12/2019 08:37

A very typical piece of contradictory media that states everything is good, bad, will and won't happen.From stagnation to extreme volatility, 2020 halving good/bad, capitulation of miners true/false and even liked by the investors.Why do they pick these individual "BTC investors" to offer predictions as if they are experts? It's almost as bad as the BBC when they report "John from Newcastle Tweeted....."Utter nonsense and meaningless reporting.The only real and important info here is that the hash rate has doubled in less than a year, despite the price volatility, which means the usage and acceptance of BTC has doubled throughout the globe. I believe it will continue to double each year until it is globally accepted as an alternative to gold.

[supercity] 08/12/2019 07:33

Interesting read, they don't seem to be able to make their minds up.After weeks of saying bitcoin will rally at the end it's now predicted to crash in the next few weeks and they claim miners are kidding us with their all in costs as they don't take in to account depreciation, expenses and net finance expenses. Claiming a firm saying 4K all in costs is nearer to 7k.https://cointelegraph.com/news/death-spirals-and-btc-what-happens-when-miners-capitulate