Argo Blockchain Share Discussion Threads

[zydecoco] 10/11/2024 12:05

BTC struts through 80k

[zydecoco] 10/11/2024 12:05

BTC struts through 80k

[zydecoco] 10/11/2024 05:15

BTC strolls through 78k

[zydecoco] 10/11/2024 05:15

BTC strolls through 78k

[tenapen] 09/11/2024 12:01

..... chungs long forecasted "death spiral" !!.

Mushrooms with egg and chips only

[trentendboy] 08/11/2024 20:32

Bought ARB below 5p but also at 330. Took a big L in the end. Many big money lost bigger money. They did so much right but then got it so wrong. Cash flow is crucial

[1knocker] 08/11/2024 15:06

It is a shame about ARB. It had great prospects, but blew them by overextending its balance sheet, being forced into a fire sale of its assets, and being left with a rump business with no route to profitability. Without commercial acumen a visionary concept has resulted only in the burning of hundreds of millions of shareholder capital.

Something is better than nothing. Sell and preserve what little remains of your capital invested here. It is galling for those who were in before the price spike and failed to sell when they could have made a substantial profit, and worse for those who bought at the top, but that is no reason to hang on and suffer an even worse loss.

[neilll77] 08/11/2024 14:27

GEORGINA ENERGY [GEX] MAIN MARKET STOCK

🚀 BOOM!!!!! AND ANOTHER X POST @ 1.36pm today 🚀


#GEX Hussar: "Preliminary site visit scheduled for Nov 24-27 with traditional landowners & environmental consultants, vital for securing our drilling application with DEMIRS. Resource upgrade and seismic reprocessing are underway for guaranteed December start!!! #GEX #Energy


Absolutely EVERYTHING is in place and the CEO has
£3 million of own cash involved
Guaranteed drill!!!!!


*NT to buy @ 9.29p*


This was a 12.5p RTO & PIs paid 19.40p back early August

[loglorry1] 08/11/2024 09:59

By my calcs (could be wrong) the ADR should trade at 90c which is equiv to 7.25p. If this happens it will be below the $1 limit for Nasdaq and they have to justify this or get booted off. I think they have a month or so to make a representation to the NASDAQ exchange to say what they will do but they'll be off to the Pinks otherwise.

[martywidget] 08/11/2024 09:48

Good time for a look at YTD for GLXY vs ARBK:

[loglorry1] 08/11/2024 09:32

The machines are worth at most $9m. The Q datacenter has book value of $6.2m. Debt is $40m. Equity has no value.

[loglorry1] 08/11/2024 09:32

hxxps://uk.linkedin.com/in/sath-ganesarajah

[r9505571] 08/11/2024 09:30

Brutal update for all concerned. But the writing was on the wall. They may sell the machines and wind up the company

[loglorry1] 08/11/2024 09:29

Argo seem to be having a last ditch attempt to partner with BE Global Dev Ltd. But BE seems a tiny newly formed business (see companies house

S. GANESARAJAH (CEO of BE Global) also seems to be associated with Lake Parime which went bust after some hair brained schemes didn't work hxxps://www.datacenterdynamics.com/en/news/crypto-firm-lake-parime-calls-in-administrators-sold-to-statar-mining/


In around 50 days Argo will have no mining operations apart from some tiny operations in Quebec. A partnership with a newly formed tiny UK company with no track record where one of the officers seems to have gone bankrupt in their last venture.

They have $40m of debt with no way to repay it and mining kit that looses money when you plug in unless you have very cheap power and almost free hosting, which might be worth $9m at a push.

It's toast!

[broomrigg] 08/11/2024 08:21

QBT UP 10% in early trading........KEEP SWITCHING INTO QBT ✔🚀
28176;👍297;📈

[broomrigg] 08/11/2024 08:08

5p today? Next week? Coco? 🤡

[broomrigg] 07/11/2024 22:54

Excellent post JakNife.

mr bernard castle seems a little bitter, poor chap.

[yump] 07/11/2024 21:12

Wow “chump”. First time I’ve heard that.

Remember to sell QBT on the spike. Problem is you won’t know what price the spike will fail at.

Here’s a bit of advice from an old hand: Don’t be greedy.

Not too late to buy ETH chap.

[broomrigg] 07/11/2024 18:41

lol Chump

Only 2 days ago Argo were still calling themself "a global leader in cryptocurrency mining"

....now they are homeless, as several of us predicted.

Your money was safer in QBT and still is.

Sell this first thing tomorrow if you can Chump. Don't buy QBT if you don't like it i don't care..... but sell this.

[yump] 07/11/2024 18:15

To be fair to ARB, its business is not imaginary like QBT’s.

[yump] 07/11/2024 18:14

Original ceo escaped with $5mln ish I recall. He’s quite young though so 5mln might not last and some new BS venture might be needed somewhere where he’s not known.

[owenga] 07/11/2024 17:56

Haha, spending 100s of millions of dollars on building the Helios facility, selling it for peanuts to survive and now being kicked out with its 23k machines. How many millions would it cost to set those yup elsewhere. Company is basically bankrupt now. What a complete sh*t show. Management new and old and utter disgrace. Expect this to go to zero very quickly.

[zydecoco] 07/11/2024 16:54

Thanks easybrent. That helped me today.