Argo Blockchain Share Discussion Threads

[truant2tb1] 14/3/2024 17:41

Dipa11 We meet again. I've had the better of you several times before - PFC for example You are unwise buying this stock. Think again as it's going to zero

[tomavery19] 14/3/2024 16:54

Bitcoin rises 30,000 and arb has fallenBitcoin drops a few percent and arb collapses

[dipa11] 14/3/2024 16:16

After raising 8 millions @ 19.50 pence.So this down to 50% market capital approximately. Bitcoin is up by 100% or more. It is surprising me that ARB is a takeover targets. DYOR

[broomrigg] 14/3/2024 15:56

ARB dropping like a stone today. QBT have signed NDAs with two of the largest bitcoin miners so that's defo not ARB and another nail in the their coffin. Very little hope here....get what pennies you have left out of this while you can.

[zydecoco] 14/3/2024 15:30

... and MSTR

[amazoner] 14/3/2024 15:07

arb could still generate $5m per month post halving (assuming btc $90k)

[beatme1] 14/3/2024 15:05

Someone wants arb dead There is no way it is sensible to buyLast time they spiked it to 35p because of a placing Always a placing which makes the stock rise now caput

[1knocker] 14/3/2024 15:03

Despite the much improved management team, I do not see a future for ARB.

It is a small operation, with no USP or operational advantage, no significant holding of BTC, and a weak balance sheet.

It needs to raise capital to expand its operations, and at its current market cap even a highly dilutive capital raise spent on new mining capacity would still leave it very much at the small end of the sector.

It has little in reserve to ride out any period of unprofitable mining following the imminent halving, and is thus at the mercy of the BTC price. With the world, his wife, and their dog all unanimous that BTC will keep on rising, I can't help wondering if we are due a sharp pullback in the BTC price some time during the next few months.

Sorry to be so negative, but it is a view I have held for some time.I sold the last of my ARB a while back, before BTC got motoring, and above the current price. Even if you see value in the sector, I can't see a case for selecting ARB in preference to one of the stronger US miners. Buying US shares is not difficult, and as none pay dividends there is no jurisdictional tax complexity to contend with.

Personally, I don't much like the crypto mining sector. It seems to me that the crypto currencies themselves and the crypto brokers are the way to play this bull run.

[pwhite73] 14/3/2024 15:03

The decline is due to a process called the 'halving' due next month. Bitcoins available to mine are halved every four years. There is only something like 200,000 left. This means there is less bitcoins to mine. Only the majors will be left in this game after April. ARB will be no more.

[aimscam1] 14/3/2024 13:25

Dog shares always go down i warned you all last week this and that other Dog QBT.

[cromw3ll] 14/3/2024 13:01

Death spiral here imo, the uneconomic miners will get shorted come halving.

[r9505571] 14/3/2024 12:49

Not even in the teens anymore :(

[chinese investor] 14/3/2024 10:53

different world (ARB) 27 Dec 2020 - 20:03:43
I bought 32,000 ARB last week.

[colnabean] 14/3/2024 10:23

If, they continue to mine at the same rate/level as January and sell those coins, income will rise by about 4m and the value of the coins held will rise by about 500k. Going forward, if the value of bitcoin continues to rise, this might just be a game changer.

[r9505571] 14/3/2024 06:36

New Bitcoin all time high! $73,561 USD. #bitcoin  #btc 

[drob1] 13/3/2024 18:06

Recently made £50,000 profit off Coinbase shares.What would be a good argument to put it in ARB? Tell me the best fundamentals the company has. I like to get a real investor sentiment feel along side actual research

[1knocker] 13/3/2024 12:32

Absolutely, lawson. Hats off to them, the few real ones I mean.

I don't doubt there will be a string of posts claiming to have bought at rock bottom and got out at the very pinnacle of the spike! Hugely lucrative spread bets too ...

[lawson27] 13/3/2024 11:36

But well done to those who banked 50/60% gains, you can't knocker it ;-)

[1knocker] 13/3/2024 11:12

I hope no one here was suckered into QBT by the ramping on Sharetalk's QBT Exploitation board over the past two days.

It spiked up sharply on expectation of an RNS (which was ramped as certain to say that its tech was up and running, and would lead to an immediate quadrupling of the SP, with at least 25 times that to come). Sight of the RNS this morning dropped the share price back to where it was at the end of last week, very likely with further falls to come.

'Sentiment' on the exploitation board has done smart U turn today. Some very unhappy campers there now.

[pwhite73] 13/3/2024 10:30

stockhunters - ARB is a miner of bitcoin. Like every other AIM miner the rising price of what you mine has no effect on your operations unless the sale of the product covers your expenses and services your debt.

If you're a gold miner the price of gold could rise 1000% but if the price of gold is not covering your operational costs and servicing your debt the company will eventually go bust.

That is where ARB is. They have debt and their mining operations have been adversely impacted as per the RNS 05/03/24. That's why the all time high price of bitcoin has no effect on the share price of ARB.

The next reappraisal will happen when they report operations for March 24 which won't be until early April 24.

Furthermore I suspect they are also forward selling the next discount placing.

[lawson27] 13/3/2024 10:05

zydecoco is the know it all here, I'm sure he will enlighten you shortly.
As for me, I'm here just for the trade off 14

[stockhunters] 13/3/2024 09:44

anyone got any idea why this is not up