Argo Blockchain Share Discussion Threads

[suffersnofools] 01/1/2021 12:24

I'm just looking at the chart. That is a beautiful bullish pennant forming! Target to the upside breakout would be 55p within a week to 10 days imo.

[suffersnofools] 01/1/2021 12:15

uapatel - exactly

Happy New Year all - even Frenzy ;)

[uapatel] 01/1/2021 12:13

Happy New Year!

Well, why does anyone sell if the they believe in the company and it’s future prospects? I sold approx 25% of my holdings recently to de-risk my portfolio to reinvest in other opportunities and so diversify my portfolio, as it suits my retirement agenda. Some might say prudent risk management, others that I’m just a trader. I’ve no idea of Peter’s personal wealth or financial status but am comfortable with his sell. No more to add.

Here’s to a prosperous 2021 for all holders.

[suffersnofools] 01/1/2021 12:06

He would sell because he wanted to realise a profit! He’s got a life to pay for the same as you and I.

I sold 400k shares above 37p. This de-risks my position. It’s what a SAVVY investor does. However, it has no bearing on my expectation that the share price will be much higher in the coming weeks.

If you believe it is going higher why did you sell your entire position?

We have four catalysts for a long overdue re-rating here. I consider them in order of potential impact to be:

1. US buying via new second tier OTC access stateside. US buyers have shown with RIOT and our other peers that they attribute much higher valuations to these stocks.

2. Closing the gaping valuation gap. We are ludicrously undervalued compared to our peers by a factor as large as 10. ARB if valued in same range as other miners we would already be at £2 plus. Not only this, but our hash rare will EXCEED by some margin that of RIOT and MARA through most of 2021, as their new hardware only comes online in October. So for the majority of this bull run ARB will be the to performer in both hash rate AND efficiency. Margins are going to be obscene as is cash generation.

3. Bid interest. ALL of the major miners must be looking at us as a cheap way to acquire additional capacity at a time when new hardware is impossible to come by. We could wake up one day soon to a hostile bid in the £1-£2 region. Who wants to be out the stock on that day for the sake of buying back a few pence cheaper?

4. The surging BTC price.

[suffersnofools] 01/1/2021 12:00

Yes is he. The only factors that determine the monthly updates on MINING performance are the price, hash rate and difficulty. It is disingenuous to suggest these factors, entirely out of his control, had any impact on his selling. Additionally If he wanted to sell ahead of releasing some form of adverse news he would be guilty of insider trading, and nomads wouldn't have allowed.

[hootza616] 01/1/2021 11:55

Suffers, AVC is not suggesting his sell will effect the hash or BTC, read his post, it's written in perfect English!Savvy investors in ARB will look at the companies ability to turn a growing profit and maximise shareholder value.The margin in December along with the current BTC assets held will tell us if they are doing this.If they are going to report higher margins, higher profits and increased asset value, which should be expected, why do you propose he would look to sell any holdings?

[gspanner] 01/1/2021 11:52

Also if any of you cats have an hour to spare listen to these 2 guys. I found it very inspiring a great way to think about the New Year. At the end I was convinced that Chamath should be in charge of the world....

[gspanner] 01/1/2021 11:51

HNY,

Not sure whether this has been posted....



All looking good.

[brasso3] 01/1/2021 11:34

If Peter Wall was negative on ARBs long term success he could have sold all of his options. I think this is his first CEO position and I am sure his salary is modest. There is no harm in him taking some money off the table. With all of his warrants/ options in ARB it is likely 50%+ of his entire wealth is probably in ARB with the share price in the 30p+ region.

[suffersnofools] 01/1/2021 11:21

Q: Secondly I wonder if Peter Wall's readiness to sell £400,000 worth of shares at 29.5p ea. yesterday, just a week before the issuance of an update, can be taken in any way as a pointer as to the effect the content of the update may have on the share price?AVC - How does peter selling affect the BTC price or hashrate?Lol

[aidenabettin] 01/1/2021 09:50

The CEO and CTO at Bidstack both sold shares that helped crash the shareprice for an impending major M&A.The CEO selling here may just be another establishment ploy to pullback the shareprice.Its a dirty game

[aidenabettin] 01/1/2021 09:47

hTTps://cointelegraph.com/news/bitcoin-supply-squeeze-heats-up-as-grayscale-buys-nearly-3x-the-btc-mined-in-december

[hootza616] 31/12/2020 16:50

Not hoping for a lower price at all, genuinely convinced ARB has everything it needs for long term success. Just saying what usually happens when directors sell.Happy to wait out the cycle, still very happy with the profit I made here and hope all of you realise your targets at some point. HNY!

[gaffer73] 31/12/2020 15:43

Interesting stuff, thanks guys.

[suffersnofools] 31/12/2020 15:42

BTC is just maths - that's what most fail to grasp. 4 year cycle. Rinse, repeat.

[suffersnofools] 31/12/2020 15:40

Everyone said same in early 2017 as it matched the model..

[brasso3] 31/12/2020 15:27

That is an extra GBP1,816,800 in ARBs bank now. That should allow most BTC mined in Jan/ Feb to be kept in HODL mode.

[crypto nugget] 31/12/2020 15:19

Well, the US traders don't seem to give a hoot, share price holding up well despite a slight fall in the BTC price.

And a nice 175,000 buy after the bell here too.

[brasso3] 31/12/2020 15:04

2017 was driven by retail investors. 2021 will be driven by large institutions and companies etc. Look at google trend data with the search term 'buy bitcoin'.

[alm6] 31/12/2020 15:01

OTC markets don't seem to care...

[suffersnofools] 31/12/2020 14:26

Gaffer - read up on the S2F model that explains how the decreasing block reward drives the BTC price up way better than I can.If S2F follows the pattern to 288k a year from now, ARB will be well over a tenner so I won't care, I'll be on my 70ft yacht in the Agean :)

[suffersnofools] 31/12/2020 14:22

Hootza - I know you're out so want a lower buy in price but that's rubbish.The mm's dropped the bid a penny 40 seconds after that RNS and were met by a wall of buyers. Peter top sliced, just like I did. Good luck to him. You sold ALL your holding :)This is going MUCH higher next few weeks with US buying, irrespective of BTC price.