Argo Blockchain Share Discussion Threads

[stoneme] 27/6/2019 11:04

Interesting. I'm new here. Having looked at the trend for ARB v Bitcoin it's interesting seeing the lag. . I've taken a punt. . I think to trade this however, we need more volume. Anyone have shared in issue to hand?

[savvy investor] 27/6/2019 10:33

Impressive and needed fall back / pause. I believe there might be a bounce back even more impressive. I have read some I interesting articles, one in particular from financial spread reading firm who believe the shorts are actively trying to close positions from back when the 17k price was found last year that now believe in the rise and the institutional interest in BTC. Let's see... however stating above 10k for a month is all I am looking for here. Anything else is cream on top!!

[ragnarr] 27/6/2019 10:01

Just reaction to bitcoin pullback - it was due

[s25ava] 27/6/2019 08:35

Great news and the price goes down! Top up?

[savvy investor] 27/6/2019 08:33

Great news, lower costs = more profit. I was interested, please note not critical, of mention about set back in BTC last night. I said a pull back from over 13000 to 12000 far better than from 11000 to 7000 and hence with pull backs part of healthy bull market I was pleased. Setting a new base around 12000 is brilliant news. People need to look at weekly and monthly prices for both BTC and the share price as 24 hours is not a trend. I still believe this goes over 10p very soon, perhaps today, most likely within a week and without any bad news definitely within a month. That is VERY good and likely to spur further gains when support levels build. Roll on trading statement next week, going to be an amazing set of numbers!!

[whoppy] 27/6/2019 07:24

39% improvement on costs. That's a mega saving.

[paulthomas103] 27/6/2019 07:21

That’s a substantial RNS, this company is only going in 1 direction.

[supertag] 27/6/2019 07:19

Now that should light the blue touch paper!
Good luck all.

[idiot441] 27/6/2019 07:18

RNS out. Useful as part of building strong long term company.
hxxps://www.argomining.co/regulatory-news

[btfd] 26/6/2019 22:12

btc getting volatile.. dropped from near 14k to under 12k in minutes haha. Still holding up though so good for ARB

[whoppy] 26/6/2019 14:58

BTC now $12860. ARB is lagging it's fundamentals and money making power.

[savvy investor] 26/6/2019 14:19

Is there an easier way than ARB for millions of people with share accounts to hedge this amazing BTC rally? If BTC falls, but not much, or if it rises ARB should increase and if it goes nuts above 20k ARB will be on thousands of radars...tick tock, this is so much fun

[whoppy] 26/6/2019 14:07

BTC worth £10k. Argo have mined 420 BTC or £4.2m. Now they have more hardware and will be mining more coins a lot quicker. The amount of cash they will be producing is really good.

[savvy investor] 26/6/2019 13:20

If it looks like a cow and walks like a cow, chances are it is a cow. This looks like it is very very under priced and has not caught any of the wave for BTC going 9400 to 12600 when in fact this is just pure extra cash and operating profit. Remember nothing will go up in a straight line, but if BTC holds above 10k for more than a couple of weeks there will be enough people doing the sums and realising what they can buy into. Added to this the obviously good reading statement due next week and the chance BTC gets even stronger, this won't stay below 10p much longer...IMHO

[ragnarr] 26/6/2019 12:49

Vela have a .85 holding in ARB

[tidy 2] 26/6/2019 12:21

Sold a few here and topped up Vela only 1.89m cap. Arb 23m cap currently.

[whoppy] 26/6/2019 09:24

Surprised this hasn't risen more given BTC is $12.5k, £9860

[savvy investor] 26/6/2019 04:34

There we go, 12k, now looking for gap up towards 10p today. The sums on 12l to cash position and monthly profits vs market cap are truly crazy. The other thing that is starting to become non fiction is the old high for BTC. The way it trades, people will look and start to talk, and that makes a massive fall lore unlikely. Yes it will have a huge pull back at some point, but the pull back might be back to 10500 from 13000 rather than 11000bto 7000 and sustained BTC above 10k and potential for 17k+ mean we can fer to 40p, realistically. Watch this one carefully, especially if you are short or as long as myself! 😁

[cheeky13] 25/6/2019 14:01

Many thanks 441

[idiot441] 25/6/2019 13:47

I think the initial instutional investors are not huge so no rns needed.

I believe institutional in this means almost anyone that is investing serious amounts of money. I get the impression they want people that are investing say £10k per month or large single investment per annum. Intention is to help smooth the income with a second stream from MAAS as well as own mining.

Hopefully further clarification and signups in coming months.

[btfd] 25/6/2019 13:04

thanks for the update .. bitcoin looking good for 12k imo

[geheimnis2] 25/6/2019 12:35

hahaha just a thought savvy?

[savvy investor] 25/6/2019 12:25

This is just a thought, but I have read banks, institutions are dipping toe into BTC market and hence this rise is likely to sustain and go further unlike last year. I would be surprised if there aren't some sensible firms not wanting to hold BTC for whatever reason that would be happy to hold stock in LSE listed shares as a hedge to BTC, especially a cash rich, hugely profitable one. Any thoughts who they could invest in?

[savvy investor] 25/6/2019 12:11

Thanks Idiot. Did they make clear what they mean by institutional client and the benefit over using the HW for their own mining? Assume guaranteed monthly rate rather than relying purely on BTC price? Are they live?

By the way we might all need to forget BTC 11k soon, and I don't mean 10k!

Last time the price spiked early and the spread then went narrow and much lower it ended the day way up above the first spike (today 9p) believe some stakebuilding by anyone with a calculator is happening and 10p is very close. Enjoy the day 😊

[webpax] 25/6/2019 11:47

Thanks very much Idiot441 for the AGM notes.

When you say 'couple of institutional MAAS clients on board' do you mean signed contracts? I would have thought they would have had to RNS that?