Argo Blockchain Share Discussion Threads

[crypto nugget] 28/12/2020 13:15

On that basis yump, January could be between $27-32,000 provided BTC doesn't pull back.

Do you happen to know the gearing here?

[yump] 28/12/2020 13:10

November average for arb was approx $17000 - december should be well over $20000 - just have to wait to see the margin

[parsons4] 28/12/2020 13:02

There are many posts talking about the short-term movements of BTC, which are frightening to say the least !!! Better to invest in an efficient miner who is benefiting from the huge rally in BTC. You can then wake up, looking at a $5000 overnight fall in BTC and not worry, I rest my case !!!!

[crypto nugget] 28/12/2020 13:02

My gut feeling, FWIW, is BTC looks to be starting another run-up, this time trading with markets opening.

With a possible take-over here in the mix and BTC probably heading for $30,000 and above in the next week ARB, already undervalued compared to its peers, could see 50p or so before a pullback in BTC and itself.

Only my thoughts, but we have over $3,000 on BTC since late xmas eve to add on to value here.

[walter walcarpets] 28/12/2020 12:03

For those using twitter, this guy is a great follow as a mining analyst. He has recently upped his portfolio to 25% ARB, based on the peer under-valuation.

[hotdaddy1972] 28/12/2020 11:53

That is my only fear that we see M&A before we hit the highs we should be seeing right now.

[yankeekraut] 28/12/2020 11:48

daddy - the investors on this board have been preaching this for months now. If the plan is to eventually have a dual listing, I would expect the share price to appreciate significantly. BUT, There is for sure the real possibility that we will get bought before our mkt cap reflects our "real" intrinsic value, compared to the other listed miners.

[nico115] 28/12/2020 11:45

I was merely stating we would be no where near 38p tmrw !! In time maybe but we won't be above 30p never mind 38pBulls here getting a bit carried away !!

[hotdaddy1972] 28/12/2020 11:40

I see no reason why Argo shouldn't be 4 times the price it's at currently, bar retail punters being too keen to take profits. There is plenty more Twitter traffic and quality number crunching being done in Argo at the moment. If European prices are suggesting a doubling then there would be something wrong if we aren't north of 25p

[hotdaddy1972] 28/12/2020 11:29

Parity at roughly 38p based on the euro listing. How we'll only struggle to get to 21p tomorrow is anyone's guess!

[alm6] 28/12/2020 11:09

Nice. Patience and fundamentals always reliable in the long run. I only came in at 11p and found this thread really useful resource. Hope it remains so.

[aidenabettin] 28/12/2020 11:05

We were calm at $3k and told we would collapse here @ 4p.Turned out to be a good year considering

[horneblower] 28/12/2020 10:52

nico.
23k to 25k for four days, then.

[different world] 28/12/2020 10:49

Coinbase rumoured to be looking at an IPO next year.

This would give more credibility to cryptocurrencies.

[qazwsxedc69] 28/12/2020 10:39

"surprised if above 21p".....

Hilarious - account created 28/12/20.

Add alm6 to the list of people who missed out here and are desperately trying to talk down the price.

Filtered.

[dubjon] 28/12/2020 10:39

link to Stuttgart quote for arb
up 84% today.

hxxps://www.boerse-stuttgart.de/en/products/equities/stuttgart/a2jr3a-argo-blockchain-ls--001

[alm6] 28/12/2020 10:31

You have to look at volumes to put the OTC prices into perspective. So far very low compared to LSE. Trading this afternoon will be very interesting to get a better indicator of tomorrow's prices, but would be very surprised if above 21p

[ramellous] 28/12/2020 10:25

Stocktwits bb in the states are getting a bit excited about all this

[crypto nugget] 28/12/2020 10:18

Eric Lam a few minutes ago on Bloomberg talking about Bitcoin, saying the major consensus is $30-$32,000 this week or next, which will be the first "top" - then a pull back to around the $25,000 level.

Senior analysts not expecting a repeat of the massive pullback of earlier this year.

Then the thinking is between $35-50,000 in 2021, with as much as 12% saying $100,000 by the3 end of 2021.

On that scenario then correlating with ARB, I presume we could expect a price here of around 50p or so very soon, then will a pull-back back to the low 30's before looking possible at £1 or more sometime next year.

Expect the first trade in the morning to be Topaz's!

[nico115] 28/12/2020 10:11

You're covered there HB!!May as well sit on the fence : )

[trentendboy] 28/12/2020 10:03

Now we benefit from OTCIt will rocket in the US 20 percent for sure

[horneblower] 28/12/2020 10:00

Cannot say btc is not over-bought.
But over-bought situations can persist a long time.
It would not surprise me to see this Christmas froth blow off and btc to trade between 23k and 25k for a few days and then continue up in a more orderly fashion.
On the other hand fomo might continue for weeks causing 40k to be reached in double quick time...with a subsequent major correction.
Interesting times.

[nico115] 28/12/2020 09:55

Won't be 36p !! That I can promise you