Argo Blockchain Share Discussion Threads

[suffersnofools] 19/1/2021 09:07

Sometimes 2tyke, but to me the abc is complete here so I see no reason to be out.Plus my position is relatively large so buying back in can be difficult.I'm looking at risk reward and see much more risk being out of arb than in at current levels. Although easier for me To say As I'm running for free here now.

[nico115] 19/1/2021 09:06

There will be no bid for us Cheaper for the majors to just buy equipment

[nico115] 19/1/2021 09:05

Totally agree

[nico115] 19/1/2021 09:04

The trend is upAt 1om I will post my new range

[2tyke] 19/1/2021 09:03

SNF,

Well you know as well as I do that bids almost always come in the middle of the third wave up ( as news lags price). We're likely through that with arb.
But I never hold a stock just because a bid might materialise.It's not a good reason to hold imo, especially during a long consolidation.
The risk is being IN the stock market....not being OUT.

[aidenabettin] 19/1/2021 08:56

Apologies withdrawn

[scotty666] 19/1/2021 08:55

Sorry wrong window 😂

[suffersnofools] 19/1/2021 08:55

100 percent gspanner. It also means we're getting the most efficient hardware. As the most efficient miner by far, m&a makes no sense for us as whoever we buy makes us less efficient. However, the BoD of every other miner must be thinking of us as a target to shortcut their own expansion plans.I simply see no reason to be out of ARB waiting to get in 20p cheaper when a bid could come in @300p+

[aidenabettin] 19/1/2021 08:48

A lot of tax haven money is looking for a new home

[aidenabettin] 19/1/2021 08:47

Im sticking with M&A for accelerated growth against organic which is too slow.

[yump] 19/1/2021 08:44

Theres a lot of btc watching, but from a business point of view, efficiency is just as important.

To some extent I think the most important announcment was the 70%+ margin in December.

For any given btc revenue a 10% increase in margin goes straight to profit as everything else is fixed.

Eg if arb are making 10mln profit off 50mln revenue and margin changes by 10%, profit changes by 5mln

[gspanner] 19/1/2021 08:43

Expand

Reassure market expansion is going well.

Expand more.

As the most efficient miner that adds more value than a takeover.

[scotty666] 19/1/2021 08:43

They could do worse than take a chunky stake in ARB !

[2tyke] 19/1/2021 08:42

SNF,

I won't buy unless i'm pretty sure this consolidation is over. We have no evidence of that yet.
Nico;
Well that is the basics of trend. Have you not noticed the sheep dive in as the price rises slightly ?
It makes no difference to the bigger picture though. They are like yourself...they mistake volatility for trend.

[aidenabettin] 19/1/2021 08:42

Its not when i post it

[suffersnofools] 19/1/2021 08:41

I'm getting one of those PW tattoos as well!He's my hero :)

[suffersnofools] 19/1/2021 08:41

Nice link scotty

[gspanner] 19/1/2021 08:39

I am surprised no-one else has called this: PW has developed a pattern here.

My call at end Apr PW announce machine installation ahead of schedule. Early May PW will announce another fundraising. The share price will be 220-260, btc $60-80k so will dilute another 8-10% or so for a further 1000or so pentahash.

So another ‘dilutive̵7; placing for the shorters to exploit!

[trader2xg] 19/1/2021 08:38

Great Post Scotty666!

[suffersnofools] 19/1/2021 08:37

You understand NOTHING.'Applying the brakes' at 29pMakes me chuckle every time

[aidenabettin] 19/1/2021 08:36

At last you are getting it.See you in St Kitts

[suffersnofools] 19/1/2021 08:35

A pitiful 10pc - must be the aluminati at work 'applying the brakes' :)