Argo Blockchain Share Discussion Threads

[nico115] 28/8/2019 10:47

There are some much cleverer people than you who say Bitcoin will go to zero Ask yourself why mike Edwards had no intention of getting into Btc market on floatation !!

[nico115] 28/8/2019 10:46

Copper and gold are used every day No one know if bitcoin will have an active use in years to come It's price could fall to near zeroGo by Argo by all means but don't come crying to me if btc crashes I'm long here as I like the risk reward but this is a v risky punt

[suffersnofools] 28/8/2019 10:43

Nope - you can read my price predictions on the fx thread - I trade the TA

[tromso1] 28/8/2019 10:41

"Btc could be anything and that’s the problem with this stock"

What a load of nonsense!

Oil could be anything, does that mean that's the problem with all oil stocks?

Gold could be anything, does that mean that's the problem with all gold stocks?

Copper could be anything, does that mean that's the problem with all copper stocks?

etc etc.

[nico115] 28/8/2019 10:41

Couldn't hold the rally today as too many bulls ramping

[nico115] 28/8/2019 10:40

Look at twitter !! That's hype !!

[nico115] 28/8/2019 10:40

What is a troll?Someone who owns a million shares ? Someone who isn't as bullish as you ?

[nico115] 28/8/2019 10:39

And u probably said btc low would be 13k when it was 18k!Btc could be anything and that's the problem with this stock

[suffersnofools] 28/8/2019 10:33

Levered? Like a door handle? :) - you mean leveraged? Well no, at current valuation it's actually deleveraged - hence the massive value.And where is the 'hype'? On any valuation basis you care to pick NAV, DCF or proposed divi yield this is cheap.Give me a constructive bear case and I'll listen but at the moment you're just coming across as a troll Nico.

[idiot441] 28/8/2019 10:30

Ref sale of 10m shs by Bixby to Eric Chang as mentioned in RNS.

I wonder if it's the same Eric Chang aka Eric Cheng that owns Bittrade?
hxxps://bcoin4you.com/coins/japanese-licensed-crypto-currency-exchange-bittrade-purchased-for-50-million/
Serious player with serious money?

[scotty666] 28/8/2019 10:23

What matters is who is the most efficient and has decent balance sheet strength to ride out any dips. ARB tick both boxes and increasing output will continue to lower the overall net cost, indeed they were lucky enough to take full advantage in the spring.

[topazfrenzy] 28/8/2019 10:18

Suffers, I agree, a takeout offer north of 50p is likely, I hope not however as I see a much higher price for this in 2 years, £2 even

BTC is the king, this is just the start, we'll be the kings and queens of the jungle come the next recession and beyond.

[tromso1] 28/8/2019 10:16

You could say the same with all resource stocks since they usually depend on the underlying - oil, gold, copper, nickel etc etc.

The underlying can just as easily go up.

[suffersnofools] 28/8/2019 10:13

.....oh and ALL stocks are sentiment based.

[suffersnofools] 28/8/2019 10:13

Possibly, but unlikely after results and we see the huge cash pile underpinning NAVPlus BTC low will be 7k worst case.Suggest you read the BN as you clearly lack understanding of the Company and valuation.I'm more than happy to buy at 5p though :)

[nico115] 28/8/2019 10:08

If bitcoin is 3500 Argo will be sub 5p and probably back at lows This is a sentiment based stock.

[nico115] 28/8/2019 10:07

True but this is a levered punt on btc so it's still v risky I like Argo but we have rallies from 3 to 10p and the guys tamping are ones wanting to sell!! Br careful of the hype that's all I would say

[suffersnofools] 28/8/2019 10:07

The mismatch between current valuation and BTC here is huge. As I've stated the Argo share price reflects BTC of around 3.5kThe only reason we haven't moved ahead is the big line of stock that needs clearing,I'm not fussed about short term movements, more than happy to buy more at 9p, 7p whatever. I still think BTC needs to test the 21ema and maybe fill the CME gaps but when BTC hits 50k, 100k, 250k Argo will be in pounds not pence.More likely we'll get taken out between 50p and a quid in the next 12 months. Plus add in a nice little special divi while you wait.Where else can you buy bitcoins at 3.5k at the moment,

[blackrolie00] 28/8/2019 09:51

Wonder who the third party is that received 10.5million shares

[dafad] 28/8/2019 09:40

But if bitcoin goes up...

[nico115] 28/8/2019 09:39

It's a good punt on bitcoin If bitcoin halves these will fall thoughEdwards told me he didn't want to mine bitcoin or get involved in that crypto ..forced to I imagine

[suffersnofools] 28/8/2019 09:37

The valuation here gets more ludicrous by the day! I'll just keep taking them off the big seller and wait for the inevitable re-rate. Next year there will be sessions where this goes up 10p in a day......

[dafad] 28/8/2019 09:35

If these 1000 machines are paid for,the monies they bring in will help pay for the new machines quicker than anticipated

[suffersnofools] 28/8/2019 09:35

So they get to put two positive announcements into the market. PR101.