Argo Blockchain Share Discussion Threads

[one_frankel] 05/9/2024 16:26

Just concentrate on MSTR in your ISAs folks for any action in BtC and with your technical charting, where do you now see any significant support forming in BtC HB?

...Are we looking in the late $40ks because at this rate there seems to be very little support otherwise.

[truant2tb1] 05/9/2024 15:20

Someone will need to explain to me how this thing is still trading up at 9p given the horrific financials and impending collapse

[horneblower] 05/9/2024 14:45

Also, I reckon they depreciate their machines too slowly. Always have done.

[owenga] 05/9/2024 14:12

Current Mv of about 60m.Monthly mining margin about 200k at 10%. Depreciation of mining machines 1m per month so gross margin actually -800k for month. Add on to that operating expenses 1m per month and interest costs of 300k, losing about 2m per month from operations. Burning more than 1m cash per month. Assets 20m less than liabilities. MV should be zero. Sp 0. It's only a going concern if it can keep issuing equity, which will simply cover operating losses. Hard to see auditors signing off 2024 accounts as a going concern. End is nigh!

[horneblower] 05/9/2024 13:58

You think there's demand for mining machines?
It beats me how high the share price is still.

[owenga] 05/9/2024 13:36

Good point. I suppose they might as well wait until it goes into administration and just by the mining machines.

[broomrigg] 05/9/2024 12:19

ARB in danger of losing their US listing if the shareprice goes much lower.

[broomrigg] 05/9/2024 06:14

Dreadful update from Argo.Still calling themselves a "global leader" which is basically a lie.

[ken chung] 04/9/2024 13:33

Bitcoin now $ 56.4k.This losing money every day.Sell, sell, sell.Lemmings and mushrooms only.

[ken chung] 04/9/2024 07:05

This is losing money every day.

[ken chung] 04/9/2024 07:05

Bitcoin collapsing.Sell, sell, sell.

[one_frankel] 02/9/2024 13:06

It's a fair point HB but at least you now know hey!

[horneblower] 02/9/2024 09:55

O_F.
Fair enough, but do bare in mind that over-familiarity to strangers is almost bound to be taken wrongly.

[one_frankel] 02/9/2024 09:25

Shorecrab, I don't believe your friend can directly convert their BNB to Fiat and withdraw on TrustWallet without experiencing excessive cost so he'll have to use an exchange to transfer to where its possible to do that and theres plenty around. The link below should help you...

[sharetalk] 01/9/2024 18:11

hTTps://www.msn.com/en-us/money/markets/bitcoin-price-prediction-2024-2030-will-btc-price-surpass-100k-post-halving/ar-AA1nZknF

[shorecrab] 01/9/2024 14:45

Hey you crypto currency folk. I have a question for you. Someone I know has been gifted in a will $43k of BNB in Trustwallet. They want to cash out so to speak, convert or sell or whatever into normal currency. They know nothing of this and neither do I. They have the login details to get into Trustwallet which is they know the notional value. They have spoken to someone at Trustwallet support who said sure we'll do that for you. We'll take 60% and you'll get 40%. This seems an awful lot of percentage to lose just to convert to spendable dosh. I read that someone tried to sell their BNB and lost the lot. Any advice?

[one_frankel] 01/9/2024 14:33

Don't be so silly HB, it's just my friendly approach albeit on an anonymous board and certainly not intended to be patronising neither sarcastic!

[horneblower] 01/9/2024 07:26

Because, sorry to say, and whether you mean it or not, the continual use of "man" and "buddy" comes over as patronising and sarcastic.

[one_frankel] 31/8/2024 21:26

I was just regurgitating what I've been informing myself with recently but what makes you say that buddy?

[horneblower] 31/8/2024 16:51

O-F.

Man, are you an ancient hippy - or an old-timer from Arizona, buddy?

[one_frankel] 31/8/2024 14:06

HB, whilst I agree with the formation looking quite bearish for BtC buddy, I'm seeing conflicting comments from other 'Influencer' analysts where some through their analysis are led to believe that we are on the crest of a wave to $90k+ but who really knows here man!

[1knocker] 30/8/2024 10:31

It is interesting to see that although Broomstick continues to see ARB as a sell, he no longer advocates buying QBT.

I understand his concern about ARB, which will have been sharpened by the heavy losses he has suffered on QBT. A losing position is a great incentive to re-examine the merits of one's other holdings.