Argo Blockchain Share Discussion Threads

[soupdragon55] 09/9/2019 11:35

On what basis?

[roger207] 09/9/2019 11:28

Horneblower - I am doubting both production and the value is the same as daily BTC price in $

[ragnarr] 09/9/2019 10:58

BTC bouncing again.

[fuji99] 09/9/2019 10:06

Stoneme - Buying has started and is catching up the "sells" fast. Could be one of the best opportunity for those not in yet. Buy and forget you bought for a while...

[hootza616] 09/9/2019 09:56

Are we still expecting results imminently?I want to buy more before so if anyone has an idea of timing please?

[fuji99] 09/9/2019 09:52

Roger - They have loads of cash and will make more in the coming months. This is a stock to hold for a minimum of 2 years. I expect BTC to significantly rise before Xmas as news of its wider adoption come through. This will positively affect ARB and by then ARB has already installed the 7000 new machines leading to increasing cash pile.
IMO it will pleasantly surprise in the progress it made in a short time.

[stoneme] 09/9/2019 09:49

Come on sellers. . It's all doom and gloom. . I wanted to buy more sub 9p . . Seems no chance we will see that opportunity again.

[horneblower] 09/9/2019 09:28

Roger, Are you doubting their bitcoin production, or do you think their bitcoins aren't worth the dollar equivalent?
What is it, specifically, about their operation that worries you?

[roger207] 09/9/2019 09:21

Progress without having more cash in can become meaningless

[fuji99] 09/9/2019 09:02

Roger - I believe so and they may pleasantly surprise on the progress at all fronts.

[horneblower] 09/9/2019 08:58

...will presumably depend on the timing of payments for equipment purchases.

[roger207] 09/9/2019 08:52

fuji - positive cash flow in next result?

[fuji99] 07/9/2019 09:43

Roger - In their July Update, the machines are paid and cost recovered earlier than planned.

[liveit2] 06/9/2019 16:34

c u all on monday - when btc could be 3k or 11.5k - I know where my money is

[liveit2] 06/9/2019 16:11

i refer my honourable friend to some the of news published by arb regulatory news - an example

' (Alliance News) - Argo Blockchain PLC on Tuesday said it generated 163 Bitcoins during July, equivalent to GBP1.4 million of cryptoassets. The GBP1.4 million figure is based on a Bitcoin price of USD10,122'

I think its safe to say not sold any yet and guess what btc is now 10.8 - i will leave the maths to my honourable friend, unless of course he requires a referendum on the subject

[roger207] 06/9/2019 15:53

Not enough evidence of cash generation, show me please.

[liveit2] 06/9/2019 15:35

welcome to arb - they should have called the company perpetual wealth machine . they generate cash out of nothing and increase cash generation at will

welcome to the future

[liveit2] 06/9/2019 14:38

arb could break 11p by end of day today - hopefully for the last time

[liveit2] 06/9/2019 14:26

fuji 'If Bakkt takes off'

its not if but when - which is 23 sept

[roger207] 06/9/2019 14:25

Thx fuji99, any update on cash position. Cash is needed to pay all of those new equipments.

[soupdragon55] 06/9/2019 13:56

Usually see figures of around 10 or 11% of Bitcoin users making payments in BTC. The rest being speculators (I'd class a holder as a long term speculator).

[horneblower] 06/9/2019 13:42

Thanks fuji.
It's the actual usage of bitcoin for purchasing I'm after.
The first link shows outlets but not usage.
The second shows a chart that demonstrates that the Transaction Amount to Active Addresses Ratio (TAAR) rises and falls in very close correlation with the dollar price of bitcoin, which is to be expected. However, it does show that ratio declining marginally relative to bitcoin over time. This probably reflects a gradual rise in the number of active addresses...which is positive but not that strong.
It may be impossible to get the actual usage figures but I live in hope.

[ilostthelot] 06/9/2019 13:40

Bit of an annomly today. BTC well up!! ARB should really act as a leverage to the bitcoin price. 🤔

[fuji99] 06/9/2019 13:04

If Bakkt takes off I am sure ARB will get a lift as many funds will want crypto companies stock as well as coin and hedging as part of the overall investment instrument.
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[fuji99] 06/9/2019 12:45

BTC steadily progressing towards $11k.
Could be they are preparing the results too.
In the previous they flagged up their operational targets were above expectations (machines etc.).