Argo Blockchain Share Discussion Threads

[suffersnofools] 29/12/2020 13:15

No, just direct ban on crypto derivatives - SBs and CFDs. No issue with blockchain companies with Argo.

[hotdaddy1972] 29/12/2020 13:12

Think the FCA have ruled crypto names aren't suitable for leverage products going forward.

[yankeekraut] 29/12/2020 13:10

POlkadot up 34% this week, so far. we know who has a Polkadot holding.....

[qs99] 29/12/2020 12:59

will ARB get a boost from US opening later?

[ronson333] 29/12/2020 12:54

IG don’t understand crypto lol, more dinosaurs

[suffersnofools] 29/12/2020 12:50

I have a big position with IG no problem.

[chesty1] 29/12/2020 12:35

Just tried buying through IG & not able to as it comes up with a warning not suitable for european traders WTF does that mean?

[trentendboy] 29/12/2020 12:28

Done on this board just don't u see stand bitcoin or the economics of miningThat is fine but you will miss massive upside due to lack of research But go ahead - regret missing out on thousands by not understand simple concepts if you like

[gspanner] 29/12/2020 12:10

Te Topaz:

Indeed, not averse to selling: I have taken some chips off the table today to invest in PM sticks as a hedge against btc regulation as described previously. But you then have to keep calm/quiet even if you have made the wrong call!

[nico115] 29/12/2020 12:08

Can we sell Stk in states ?Is there an arb ?Shame sellers here at 34p and buyers in states at 60p!! Mm paradise!!

[suffersnofools] 29/12/2020 12:06

No. But I do this for living so I'm ok at it.

[bokkes10] 29/12/2020 12:03

Topaz looks like she will be waiting a fair while for her 10p .....

[uapatel] 29/12/2020 11:49

Well what a morning, took off a few more earlier. Totally blown away by the share price can’t wait for the December update figures. 2021 looks to be potentially awesome for ARB. Good luck all holders

[mnomis] 29/12/2020 11:40

buoycat - your annual profit seems way off the mark too - assuming nothing else changes (re price, mining rigs, difficulty), I see annual profit at ~£18.75m pre-tax (assume will have good tax break from wear and tear on rigs).

[gspanner] 29/12/2020 11:40

So 14:30 feeding frenzy anyone?

[buoycat] 29/12/2020 11:40

The beauty about markets is that they are unpredictable. You clearly have a crystal ball!

[suffersnofools] 29/12/2020 11:34

You're wrong - So I'll correct you.BTC will pullback but only briefly before heading to 50k and upwards.Check out the S2F model. Or watch blonity's YouTube vids.

[buoycat] 29/12/2020 11:31

Well judging by October they are making about £5 million annual profit. Which puts them on a not undemanding pe of 18. But that depends on the current price of bitcoin remaining strong. Correct me if I'm wrong. It seems quite likely that the price of bitcoin is currently in short term spike mode.

[suffersnofools] 29/12/2020 11:28

It certainly is! Formalising the OTC as opposed to the shonky previous arrangement.

[mnomis] 29/12/2020 11:21

Nice trade SnF - also have 50p pencilled in (resisted temptation to sell any at 35p as this announcement is a game change imho) ... I think this could go higher on US open, but what do I know (well, probably more than Frenzy ...)

[suffersnofools] 29/12/2020 11:17

Frenzy - Just sold that 250k trading position @37p - £1750 in my sky rocket in less than an hour.This is why people ignore you. Back to 1.15m shares at ZERO cost. Will sell 200k at 50p next week and the rest well over a quid later this year. All tax free as in SIPP and SBs :)

[mnomis] 29/12/2020 10:59

i.e. - this is not simply confirming that OTC trade happening - this is confirming my assumption that the gap gets arbitraged away now ...

[mnomis] 29/12/2020 10:58

Some helpful twitter explanations from Argo on this news:

Argo
@ArgoBlockchain
·
11m
Replying to
@Mnomis123
Great question. Not all brokers/banks can trade in Pink for compliance reasons. QB opens trading up to virtually all because we're disclosing in the US, and qualify for the SEC exemption - therefore broker's compliance depts are satisfied due to LSE standards.

And:

[trentendboy] 29/12/2020 10:55

Someone mentioned market cap - they need to seriously do some research and look at the market cap of RIOT and MARA and then compare hashrates and energy price metrics.

HIVE and the other undervalued miner (on TSX but also on OTC and there is NO price difference as Arbed away). I posted on this previously.

[tomboyb] 29/12/2020 10:45

Moving onto the OTC markets will be very positive in the current climate -

Anything is possible -