Argo Blockchain Share Discussion Threads

[martywidget] 08/10/2024 19:12

They'll be barking up the wrong tree.

Maximillionaire reckons it's an old avatar on ADVFN.

[zydecoco] 08/10/2024 19:06

HBO documentary airing tonight may reveal identity of Satoshi Nakomoto .Https://www.hbo.com/movies/money-electric-the-bitcoin-mystery

[horneblower] 07/10/2024 13:52

Presumably the bulls are hoping for a huge and immanent rise in bitcoin.

They may be right, however I cannot see it. The fundamentals for btc have always been weak and the chart does not look bullish. Indeed the falling wedge that began in March suggests a continued decline, or sideways at best, followed by a strong drop back to the $40k area sometime early next year.

Good luck if you hold.

[jaknife] 07/10/2024 13:41

LOL!

They're losing c. $1 to $1.5m a month in cash and only had $4.0m at the end of June. It's also loaded with $40m of bond debt that trades at just 39% of par:



indicating material financial stress, and they may not have enough cash to pay the coupon that's due at thee end of Nov.

On top of that the lease runs out on Helios on 31 Dec and the accounts explicitly warn that they may not be able to agree a commercial rent to stay there.

It is difficult to find a bigger dog on AIM.

JakNife

[tenapen] 07/10/2024 13:25

UP it goes

People with vision only.

[broomrigg] 04/10/2024 15:49

Ken Chung 🤡...over on QBT we are still waiting for your revised calculations on the bonds......last time you gave it a try you over-estimated the dilution by a mere 2.8 billion shares.

"Ken Chung - 15 Feb 2024 - 15:13:58 - 3959 of 9355 Quantum Blockchain Technologies Plc - QBT

I made a couple of mistakes, so I've deleted the comments."

[ken chung] 04/10/2024 14:35

Down it goes.Lemmings and mushrooms only.

[ken chung] 04/10/2024 07:12

New just out. Less bitcoin mined, less revenue and less bitcoin held.Trajectory into administration?Lemmings and mushrooms only.

[ken chung] 27/9/2024 07:22

Falling nicely.No premises by end of the year and massive debt to the bond holders.Lemmings and mushrooms only.

[srpactive] 26/9/2024 20:32

Double bottom in, imho, a challenge of $69000 next hopefully.
Target 12p very soon.

dyor

[tenapen] 26/9/2024 18:22

Mmmmmmm ! :-)

[zydecoco] 26/9/2024 14:25

Pierced 65k

[zydecoco] 26/9/2024 14:25

Pierced 65k

[srpactive] 24/9/2024 21:23

Bitcoin through $64k looking interesting for a double bottom
being formed on the chart.

dyor

[tenapen] 23/9/2024 14:58

UP AGAIN - silly wee chung

--------

Ken Chung - 16 Feb 2024 - 15:07:19 - 33438 of 34464
Arb cannot survive the halving with bitcoin at $52k, equivalent to $26k when the mining reward drops in April.

Sell, sell, sell.

Lemmings and mushrooms only.

-------

hahahaha

[1knocker] 22/9/2024 19:55

Jag, a couple of posts ago you wee telling us that ARB was an imminent 5 bagger and now you are saying '..it does not look investable..' at present!

I have heard of 'buyer's remorse', but it does not usually kick in as fast or hard as that.
Or do you simply not know whether you are on your head or your heels when it comes to stocks and shares?

It generally pays to do your research and analysis first, and your buying and selling (and your posting) afterwards.

[zydecoco] 22/9/2024 19:10

So are you saying higher BTC whatever drives it, (as nobody can ever prove that anyway) makes ARB interesting?

[sharetalk] 21/9/2024 19:26

US elections. A Trump win, or anticipation of a Trump win, could send bitcoin higher.

[zydecoco] 21/9/2024 11:05

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

[sharetalk] 21/9/2024 07:55

Bitcoin should go higher due, if nothing more, to the four year halving events limiting supply. However, that does not help miners like ARB, as it cuts their mining reward. MSTR is probably a safer bitcoin play, as they do benefit from the halvings and any upside in the bitcoin price.

[zydecoco] 21/9/2024 07:23

Bitcoin will go higher

[idriveajag] 21/9/2024 07:05

So I agree is does not look investable with bitcoin at $63k unless one thinks bitcoin is going much higher.

[idriveajag] 21/9/2024 07:03

Ok, looks like the market wants the bitcoin price to be higher before supporting a higher Arb share price.

[1knocker] 20/9/2024 12:55

Only a 5 bagger, Jag?

I am surprised you bother with an imminent 5 bagger when you hold shares in QBT which you assure us is an imminent 100 bagger at least, and probably much more than a 100 bagger.

I didn't see you as the type to scrabble around for pennies in the gutter with mere 5 baggers.