Argo Blockchain Share Discussion Threads

[parob] 29/12/2020 10:17

RNS29 December 2020Argo Blockchain PLC('Argo' or 'The Company')Application to trade on the OTCQB Venture Market in the United StatesArgo (LSE: ARB), the leading cryptocurrency miner based in the UK, is pleased to announce that it has filed an application with FINRA, the Financial Industry Regulatory Authority, for the Company's shares to be cross-traded publicly on the US OTCQB Venture Market ("OTCQB"), under the ticker ARBKF, which would make Argo's shares more widely available to North American investors.Trading on the US OTC market would have no impact on existing Argo ordinary shares trading on the Main Market of the London Stock Exchange and no new ordinary shares will be issued as part of the cross-trade. Argo will continue to rely on the announcements and disclosures it makes to the London Stock Exchange and will have no Sarbanes-Oxley or SEC reporting requirements.Should the application be successful, the cross-trading facility will be provided through OTC Markets Group Inc., located in New York. OTC Markets operates the world's largest electronic interdealer quotation system for US broker dealers and offers multiple media channels to increase the visibility of OTC-listed companies. Independent studies show that trading on the OTC by an international company offers a positive effect on the liquidity of its shares.Peter Wall, Chief Executive of Argo Blockchain, said: "We want to make Argo available to US markets in order to gain access to a broader investor base and enhance our visibility in North America. We are already trading on OTCPK and we anticipate a full OTC listing with wider investor reach in the coming days."

[nico115] 29/12/2020 10:02

Don't believe allYou read Analysts just pluck numbers from thin air and are normally wrong Stupid forecast I'm at 1m to 2m bucks

[nico115] 29/12/2020 09:58

Nonsense I'm at 2m bucks You wait till instis buy 10pct of funds cos the value of cash decreases due to devaluation of the dollar and monetary stimulus

[suffersnofools] 29/12/2020 09:56

20m volume before 10am!Looking forward to the US buyers coming online.

[walter walcarpets] 29/12/2020 09:54

Northstar targetting 32k BTC for next leg up

[suffersnofools] 29/12/2020 09:52

Blonity applies a higher PE hence his £10 target when BTC is 100k

[yump] 29/12/2020 09:51

Nico115

Can you use Excel ?
;-)

[suffersnofools] 29/12/2020 09:50

My very basic calcs for BTC/ARB fair value give approx25k / 50p50k / 150p

[suffersnofools] 29/12/2020 09:49

Nope. It's a noob myth that all gaps get filled. This is a breakaway gap - the second one - and they don't fill. Topaz - my advice is learn some TA basics before you lose all your cash. hTtPs://school.stockcharts.com/doku.php?id=chart_analysis:gaps_and_gap_analysis

[nico115] 29/12/2020 09:44

With btc at 30k what are we worth and at 50k ?Trying to work out the gearing Thx

[topazfrenzy] 29/12/2020 09:44

That gap from 19p to 40p will need to be filled

The only way is down from here, those that bought in at 40p are totally screwed

10p by March

[teed6422] 29/12/2020 09:36

Topaz filtered.... £1 next year, buy on dips

[the chairman elect] 29/12/2020 09:35

Or perhaps BUY Canadian listed BITCOIN MINER that looks ready to explode northwards namely TSXv:BITK

[intheknow69] 29/12/2020 09:31

Look at OBC. Only £3m market cap. Put those profits in there for another bagger imho

[suffersnofools] 29/12/2020 09:30

Qs99 - yes my 250k @30p buy had to be worked earlier. My sell at the open went through above bid at @37.8Def going to run higher in coming days.I'm loving the 100k @10p into my Sipp a fortnight ago :)

[suffersnofools] 29/12/2020 09:27

Buoycat - you need a new calculator. Still undervalued at current SP

[tomboyb] 29/12/2020 09:25

Today would have been a liquidity event -

up to 39p you would have to take some out -

[king suarez] 29/12/2020 09:21

Refer to my post 8996 - at $26.5k bitcoin I have us at £23m pre-tax annual profits, so - does not require a 'continued surge' in BTC price to sustain this market cap - still undervalued at 30p imo.

[horneblower] 29/12/2020 09:20

40p was the chart target, which it reached, momentarily.
It needs to close at 40p for resolution.

[purplepelmets] 29/12/2020 09:18

Point is we are still massively undervalued comp to our US industry-mates, wld not be surprised if we close at 40p today

[buoycat] 29/12/2020 09:17

Forget the share price. Look at market cap. £88 million. Unlikely to be sustainable unless bitcoin's value continues to surge

[qs99] 29/12/2020 09:14

Just tried a dummy sale, was offered near to 30p....bid-offer being shown IMO is not reflective of how much MM's are after your stock on that basis DYOR, off for a cuppa

[trentendboy] 29/12/2020 09:09

Funny - if topaz shorting this they got right royally screwed Was always going to massively gap up todayUndervaluation not gone awayMining machines hard to get Margins will stay super high