Argo Blockchain Share Discussion Threads

[sharetalk] 20/9/2024 07:20

Armistice capital recently took a 9% stake in ARB and Bitcoin is on the rise, so perhaps. Also MSTR.

[idriveajag] 20/9/2024 07:12

sharetalk - bitcoin is now at $63,696.Arb's share price is about to 5x bag imo.

[srpactive] 19/9/2024 20:53

Interesting move on the bitcoin price, I am expecting a move
through 10p hopefully tomorrow with a little strength. Agree
the bitcoin price needs to strengthen to support the arb share
price.

dyor

[tenapen] 19/9/2024 16:09

ARB Looking strong.

Silly wee chung = no death spiral here

[1knocker] 19/9/2024 14:59

Sharetalk: 'I rarely comment'

That is true. On your QBT thread you do not need to. You have a few followers who routinely post that a huge announcement from QBT is imminent, that it will 100 bag and could do so at any time, certainly before the year end, and make up stories about a 'deal' with Intel on the back of an announcement that QBT has taken on (part time) an ex-employee of Intel who has been out of work for over a year since Intel gave him the heave ho. You seldom comment yourself - you confine yourself to deleting the posts of anyone who expresses the least note of caution, let alone disbelief !!

[sharetalk] 19/9/2024 13:42

Although MSTR are probably a better bitcoin play.

[sharetalk] 19/9/2024 13:21

Bitcoin just smashed $62,000 and is now $63,122.

[sharetalk] 19/9/2024 13:17

All I am saying is that if the bitcoin price goes up then ARB could look more interesting again.

[sharetalk] 19/9/2024 13:13

I rarely comment.

[1knocker] 19/9/2024 12:06

How much BTC does ARB hold, Sharetalk, and how does that compare with other miners? Relatively, is ARB's balance sheet going to benefit as much as the other miners' balance sheets?

Looked at relatively though, I concede that ARB at least looks a safer bet than QBT. You have been touting that as a 100 bagger. Since you started your own thread to tout it its share price has fallen well over 90% from its 3.5p high last year, and is down over 60% this year, a year you have ramped as 'transformative' for QBT !!

Is your day job a kennelman ? Is your portfolio 100% canine?

[sharetalk] 19/9/2024 10:57

The bitcoin price is rising.At this rate bitcoin could be $70,000+ this month and $100,000 by November.Makes ARB interesting.

[1knocker] 19/9/2024 08:42

JakNife, Yes I understand all that. I acknowledged that imminent collapse has been averted (as it has), but the point of my post was that I see no way from here to prosperity for ARB. That is why I sold the last of my ARB holding and got out - when the share price was over 30% higher than it is now.

I remain enthusiastic about BTC (which I continue to hold) but not the crypto miners as an asset class, and certainly not ARB as a member of that class. The stronger miners at least offer opportunities for trading, but ARB is not even on my trading watch list.

[jaknife] 18/9/2024 18:59

1knocker,

"Yes, ARB is holding at present. The current management has stabilised the business, disposed of assets, and paid down debt."

When you says "stabilised" you understand that it's been "stabilised" at a permanently loss-making level?

And that after they've "paid down debt" they still have $40m of bonds and that they trade at a mere 40% of par:



ie a super-distressed level?

JakNife

[1knocker] 18/9/2024 16:46

Yes, ARB is holding at present. The current management has stabilised the business, disposed of assets, and paid down debt.

I still think though that holders and prospective buyers need to look at the balance sheet and ask themselves where, operationally, ARB goes from here.

Note: I have no skin in the ARB game. I do not currently hold any ARB. I sold he last of my holding at a tad over 12p.
I do hold BTC.

[tenapen] 18/9/2024 13:52

Arb is holding strong - chung

No death spiral here.

Silly wee chung

[tenapen] 08/9/2024 17:25

Pathetic wee chung following me onto PPS thread for revenge.

Grow some balls and a backbone, chung, no one likes slimy posters.

[tenapen] 08/9/2024 07:15

Hows your partner is slime, Mrs deccer ?

[ken chung] 07/9/2024 19:30

Thanks for the wealth transfer.

[tenapen] 07/9/2024 03:46

tenapen26 Apr '24 - 08:37 - 34153 of 34434
0 3 0
Ken Chung - 14 Apr 2024 - 07:33:26 - 34061 of 34153
Bitcoin just $64,557.
Will ARB go bust after the halving next week?
Lemmings and mushrooms only.

Ken Chung - 14 Apr 2024 - 00:17:44 - 34060 of 34153
Bitcoin just $65,164.
Will ARB go bust after the halving next week?
Lemmings and mushrooms only.

Ken Chung - 12 Apr 2024 - 22:32:40 - 34057 of 34153
Bitcoin just $66,848.

Will ARB go bust after the halving next week?

--------

07/09/24
I guess the answer is NO, ARB isn't going bust and it's staying strong in a weak crypto environment.

Silly wee chung

[ken chung] 06/9/2024 19:21

This is dropping every day.
Lemmings and mushrooms only.

[tenapen] 06/9/2024 15:51

You keep on posting that ARB's - share price will 'death spiral' but it doesn't !

Mmmmmmm !

Silly wee chung

[ken chung] 06/9/2024 15:21

This now losing money every day.

Lemmings and mushrooms only.

[ken chung] 06/9/2024 10:20

Lemmings and mushrooms only.

[1knocker] 05/9/2024 21:31

I have been saying for some time that I don't see a way forward for ARB. It has no USP anymore, its balance sheet is weak, and it is small, too small I think to raise sufficient capital to transform its prospects. If BTC remains weak, it is in trouble, and even if BTC strengthens the bigger miners will ramp up their operations, difficulty will increase, and ARB won't make sufficient profit to grow organically and it has no significant stash of BTC to give its balance sheet a lift.

I took the hit and sold the last of my ARB a while back at a bit over 12.

No one has explained where they see a future for ARB, or any reason for holding it in preference to one of the big miners save that it is held on a UK exchange thus saving FX charges when buying and selling, which does not seem a compelling reason to me unless you see it purely as a trading play.

Personally, if one is bullish BTC, or just wants to keep a finger in the crypto pie, the obvious answer is to hold BTC (or other coin of choice) directly, or through a holding in MSTR if you want to avoid the hassle of buying BTC direct..