Argo Blockchain Share Discussion Threads

[scotty666] 16/5/2020 14:47

Thanks horneblower really great chart, the current seller clearly driving the divergence

[brasso3] 16/5/2020 14:41

I think the correlation with BTC should be less when the market capitalization here is very low. Even at break-even BTC prices there is still inherent value in the company (cash + assets). I have a long spreadbet on ARB as I find it more comfortable than spreadbetting on BTC. A would rather hold BTC without leverage.

[aidenabettin] 16/5/2020 14:25

It's being held back for some reason and that's not in doubt.We will find out eventually .Certainly wouldn't surprise me to see some kind of M&A event. Growing organically doesn't make for quick growth

[horneblower] 16/5/2020 14:05

Almost all the time ARG slavishly follows BTC.
When it doesn't there is, presumably, excess buying or selling by large shareholders.
My expectation is that normal service will resume pretty soon, which will favour ARG's share price relative to BTC.
This does not mean ARG will necessarily go up but I'm betting it will.

[scotty666] 16/5/2020 14:05

They need to hold more BTC on the balance sheet imo.

[aidenabettin] 16/5/2020 13:49

A little deal with the Canadians?.[S]oon, we will probably see more cryptopreneurs flocking to the CBD industry. We will see more products and more research on CBD, as well as more healthcare applications of both blockchain and CBD. Is this strange relationship an ideal one? Only time will tell, but we recommend digging into how these two unlikely worlds may collide..ARGO is being manipulated for a reason and I doubt it's only to do with BTC mining

[plat hunter] 16/5/2020 11:20

Gapping down on Monday.Watch out

[1new guy] 15/5/2020 17:58

Place to direct others to.

[parsons4] 15/5/2020 16:47

Great week for the event and of course BTC but a disappointing week for ARB, I am now as positive about my holding as ever though. Just a waiting game.

[wedgie74] 15/5/2020 16:13

Just seen this on twitterThis week, the Argo team is closely watching the BTC network hashrate. As we expected post-halving, it's falling. Older, less efficient miners are coming offline (I'm looking at you S9) as they are no longer profitable to mine with. How low will the hashrate go? #BTC  #ARB

[parsons4] 15/5/2020 11:09

mnomis this is also my biggest stock position, I regard it together with some GOLD shares as my hedge against all other markets !!

[hootza616] 15/5/2020 10:43

Relentless selling again today.

[blackrolie00] 15/5/2020 08:51

Slow morning

[aidenabettin] 15/5/2020 07:04

Good volume at 1.4B and new low at $9256

[brasso3] 15/5/2020 07:01

It would be nice to see BTC coil around the $9,300 - $9,800 to build some energy for a solid breakout above $10,000.

[mnomis] 15/5/2020 02:38

Based on my calculations and helped by an 18% drop in hash rate, ARB was back to a ~20% mining margin on 13th May. Price higher since then - not sure yet on hash rate.
People are free to buy and sell shares at any level they choose, but in terms of fundamentals, this is positive (and massively under-valued compared to comparable companies in my humble opinion).

Disclosure - this is currently my largest single stock position (long).

[mnomis] 15/5/2020 02:30

@1newguy - prove you wrong? If you are going to trash someone's reputation, surely it is up to you to offer some proof - not up to others to prove you wrong?
I think you are a complete (0(k - prove me wrong!

[jumpenjim] 14/5/2020 18:49

New guy

I don,t know about overpaid and lazy but for them to be dept free at the end of

june 2020 i don,t think they are doing to a bad job and as somebody said earlier

its a cash machine I just wish we would get some of it especially as btc marches on

Time will tell and i hope the patient are rewarded

jj

[aidenabettin] 14/5/2020 17:45

Good volume 1.26B and the new floor could be $9100 unless a big short comes in and that is always possible

[aidenabettin] 14/5/2020 17:29

A lazy charlatan?. says someone who only has 54 posts in a year(on this account).How many accounts do you have on ADVFN?

[1new guy] 14/5/2020 17:19

Orm, under the present BoDs I suspect this share is going nowhere except oblivion. Bunch of overpaid and lazy, disinterested charlatans. Prove me wrong. Unlikely.

[orm5] 14/5/2020 16:18

And Hut8 up 20%. When will the breaks be removed from Argo....

[royalalbert] 14/5/2020 15:50

You can say that at any price point, it is what it is, the sellers price point is this .

[bisho4] 14/5/2020 15:47

If ARB finishes the day at par, and the rest of the market is down massively, then that's a moral victory of sorts.

And to do that against a backdrop of someone selling 1.7m shares, that's another tick in the plus column.

If these shares are coming from the same guy, and he has approx 2.9m left (4.5m - 1.6m), then it won't be too long before this flies upwards.

Though I wonder why the seller doesn't wait for this to re-rate and then sell, get so much more for the shares...?