Argo Blockchain Share Discussion Threads

[hootza616] 20/4/2020 23:04

You are right and everyone I know says the same. Found out today that nurses at St Thomas in London are being forced to take annual leave. There's too many of them for the small amount of patients they have.We need to raise that curve otherwise we are throwing billions away everyday! Meanwhile Sweden numbers are better than everyone else other than South Korea!Makes no sense at all, by there is simply no debate happening in government. What democracy?

[sunnysideup1] 20/4/2020 22:59

The swedes hVe git it about right. We were doing the same until the nutters published their projections based on models that weren’t even peer reviewed.

It is as a s a dal. Never has so much been lost based on models.

[plat hunter] 20/4/2020 18:33

I reckon you'll end up crying here Scotty.

[sunnysideup1] 20/4/2020 18:10

Revenue does not equal profits at the bottom line. It is simply not known what the company's operating costs are.

what we do know is that it company has done well to increase its revenues massively last year and also in the first quarter of this year. With a big mining base now up and running it can ride any surge in Bitcoin prices, should that happen.

Even then a rise in Bitcoin price alone doesn't mean much difficulty rates rise and also how efficiently they mine. And then t also depends on currency rates, which they refer to in their statement.

So there are many moving parts to work around.

[yankeekraut] 20/4/2020 17:06

No one has a clue as to what BTC will do after halving. I have seen solid arguments for both a rise & a fall. Arguing that "it happened last time", means nothing now. Solid, predictable revenue (+/- based on BTC value), costs also very predictable due to long-term fixed & low electricity, modern mining infrastructure which will increase competitiveness. Seems to me, within the Crypto category, a fairly safe, although still high-risk, play for investors who want to hedge against FIAT and bet that BTC acceptance as a payment/transaction-option will continue to increase. Instead of using Profit for a dividend to shareholders, Mgmt. should focus on growing the business. In the end, EPS will determine the share price IMO DYOR.

[plat hunter] 20/4/2020 14:50

There's going to be lots of tears here, come the end of this particular journey. They'll also be as many tears of joy too.Are you going to be crying or laughing?

[garth] 20/4/2020 14:36

I know its laughable - but lest we forget.

G.

[mnomis] 20/4/2020 13:40

Interesting comments. On one hand we have arguments about how undervalued it is. On other, a small move higher is met by frenzied speculation about buyouts happening. Time will tell ... never a dull day.

[blackrolie00] 20/4/2020 13:37

Lol lol lol

[garth] 20/4/2020 11:24

Stoneme,

It shouldn't be about what is best for management. It is a public listed company owned by its shareholders.

G.

[hootza616] 20/4/2020 11:22

Back to 7p anytime soon would be nice. 12p after halving and 20p by Xmas is my prediction.Buyout may take that away from us but I would also take 10p now.

[stoneme] 20/4/2020 10:58

Not quite sure what. But this has all the signs of a re rating coming. Mack to the 6-7p range. Buying at this level is now becoming relentless. Looking at their FEB, MAR and 1st quarter mined BTCs, margin and calculated revenue, with BTC now above that average, and due to no impact on their operation, is it possible we are seeing a double digit top line performance improvement in APR, MAY. Like I suggested earlier. This smells more like another party is interested, or a MBO. If it doesn't need to raise the cash from being listed, would that not be a better option for management, with PE backed finance? Whatever the reason. This is going higher. DYOR, IMO

[stoneme] 20/4/2020 10:41

If a bid was made at 10p - it would sell IMO. We will see. There is more to this rise than BTC price potential, or company performance.

[brasso3] 20/4/2020 10:31

Quite a large amount of the shares are held by larger institutions.

[crooky1967] 20/4/2020 10:24

Even at 10p Argo is well undervalued. Anything above 20p and now you are talking.

[topazfrenzy] 20/4/2020 10:06

anything can happen ...

[roddyb] 20/4/2020 09:52

Topaz - quite extraordinary. The share price has gone up 0.3p and you are now predicting 100% rise??? Let's see where that one goes...

[stoneme] 20/4/2020 08:47

There is something other than BTC priceand company performance afoot. We have all said for a while a buy out if highly possible due to the efficiency and now, scale of their operations.Who would not take 10p a share?

[topazfrenzy] 20/4/2020 08:36

Take out offer on the way?

100% rise today?

[topazfrenzy] 20/4/2020 08:27

Buyers are back

£1 by December here

[blackrolie00] 20/4/2020 08:26

Great buys

[pakenham] 20/4/2020 07:38

bitcoin uRevenues generated in the first quarter of 2020 amounted to £6 million (US$7.67 million) based on average currency rates for the period. bitcoin up since friday close.