Argo Blockchain Share Discussion Threads

[one_frankel] 08/1/2022 17:42

Thats funny Chump because I'm pretty sure your gospel with financial analysis is based on 'Here and Now'!

[sillyussoddus] 08/1/2022 16:52

A lot of chart following on here.

On the subject of valuation (shock, horror), interesting to muse over what valuation would be given to some other business that at interims converted 25% of its revenue into profit after tax.

That's obviously dropped recently, but the last cost I saw somewhere was that it cost ARB $15k to mine one bitcoin. Bitcoin currently at $40K ish.

Something out of kilter with the stock price imo. Could just be sentiment, seeing as 2021 must have been filled to the brim (to put it mildly) with greed and fear, with no logic at all at play.

[yump] 08/1/2022 14:29

Someone who thinks businesses are only worth what they hold in cash or cash equivalents.

On that basis, Presumably not invested in anything at all.

[genierub] 08/1/2022 10:38

So this has an over £300M market cap yet the total value of the their BTC is £75M with the price of Bitcoin on the decline. Lmao.

This is over valued by 5X meaning the price will inevitably be coming down to around 16p.

Enjoy the next few weeks. This is going to come down hard.

[runner2018] 07/1/2022 23:20

lose your loose change then pal haha

[r0hini] 07/1/2022 19:06

Huge double top on bitcoin looks like whole pack.of cards is about to come crashing down. Be warned trust Rohttps://twitter.com/PeterSchiff/status/1479480665863245830?t=7v1fpqRH4LWIn_MHxCEDyw&s=19

[mnomis] 07/1/2022 17:26

Liquidations in futures is referring to forced liquidations - i.e. due to margin call. Then yes - there is a buy on the other side, but it was not a planned stop but a forced. Now, am not sure if the data tracks the different exit mechanisms (and just uses the headline on a big fall) - assume not and some are auto stops, some manual, and some auto liquidations, but could be wrong.

Basically, going long BTC futures is a mug's game unless you have deep pockets and big cahoonas.

[hootza616] 07/1/2022 15:51

Can anyone help me understand the media obsession with the word liquidation?Every sell is a buy so when thousands of traders hit their stop loss an equivalent hit their buy order value. Weak and stupid hands to strong, no? Or am I being stupid, again?

[zydecoco] 07/1/2022 14:40

1.Texas facility on track - sounds good.

"The construction of Argo's facility remains on time"...."with a projected completion date in the first half of 2022".

Note, however, that this is for the facility, it doesn't say directly it will be producing then, though, or its' Exahash at any given date...(?).

We need this information, soon/now!

2. I'm reading the RNS figures as implying the Celsius settlement as approx 1m GBP.

3. mnomis, yes FinnCap 270p target maintained - looks good.