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I have said before that time will tell. Tell what though? Take Pluto and the recent rumours that their IPO might be around the corner. Our first investment there was at 3p and a few weeks later, the second much larger was at 6p. Is it possible therefore that their IPO will be at many multiples of this? I think so and in which case we would have a very substantial lump on our balance sheet. Top slice, or more, and maybe Texas 2 is paid for? Our SP is creeping north just as bitty is too. Maybe, just maybe, all my dreams will come true, time will tell.
Way back, well on 08/03/2021, RookieInvestor82 posted the following when the SP was 250: “HODL, and BTC cost. Possible to come up with large parameters. What I would say is that the revenue for this calendar year is far exceeding my forecast, which in itself showed our SP and MC to be significantly undervalued.
If you take a BTC price average of $100,000.00 and work on basis we will be HODL 3,000 BTC at the end of this calendar year and mining at least 3000 BTC coins a year moving forwards (the actual number should be a lot higher, potential three times that) then that gets you with a conservative P/E of 25 to a market cap of 5 billion / £12.50 a share and that broad-brush calculation does not factor in any value for our Pluto stake. So as a range, I would be surprised if our SP does not hit a minimum of £10 this calendar year and scope up to £15, presuming of course that BTC follows the S2F model.” Well, I say ambitious but let’s wait and see. GL argonauts/true believers, 600
Our SP is on the up. Will we catch, and pass yesterday's close over the pond? GLA
I know some people balk at the idea but I think a share consolidation would make sense this side of the pond once Nasdaq is up and running ?
@TheeDuke, I hope we don't get another speeding ticket! ATB
@Dadsbatty, well I don't balk at the idea. I made money when IHG did. ATB
£1.59 equivalent in the US, Btc is up on US close, and we open at £1.50, manipulation at work
Not manipulation. Day traders and sellers. Lots of large sells this morning.
Great post 600 and urge everyone to read as that's about the top and bottom of things in a nutshell. £10 - £15 this calendar year? Yes, if it reaches fair value and BTC does the double.
"Great post 600 and urge everyone to read as that's about the top and bottom of things in a nutshell. £10 - £15 this calendar year? Yes, if it reaches fair value and BTC does the double."
I think we need to have realistic expectations. A few months ago it was £3-£4 as a fantastic price,then £5 - £6, now £10+ being banded around. It will just more than likely end in dissapointment.
Happiness = Expectation - Reality.
@ mickymix, thanks. I do think Rookie was a tad ambitious back in March. That said with 1,659 BTC held at the end of August and with the new rigs (currently being installed?) we should be mining 300 bitty a month soon,so something approaching 3,000 this year seems, to me, plausible. Time will tell what bitty does and time will tell what our SP achieves. ATB
SkyMonkey
“ Not manipulation. Day traders and sellers. Lots of large sells this morning.”
The spread is made by Market Makers, so it is manipulated, by definition. They can put the spread up or down, narrow or wide, to suit what they want to do. Today, they need stock, so we open up and attract sellers. They have some stock now, so they will have a balancing act, to release some for sale, but trying to stop this morning’s sellers from buying back more cheaply.
No way should ARB be a market maker stock, but Nasdaq entry will reduce their influence.
Blonity posted - https://twitter.com/thinklikeawhale/status/1438073224668094465
It didn’t open on 150, it was 155 on a spread of 150/160. If there had been buyers at the US price then it would have narrowed that way but there sellers so it narrowed to the lower end
You're welcome. I'm fully aware that some may not concur with such a prediction but then we have to remember that having been subject to manipulated suppression for so long, we're starting from a low floor relative to the predictive price and therefore expectations are reflectively low too. Were it to be that we were already at circa say £5.00, then a double or treble from that, given all the positives and explosive nature of crypto, would not seem out of the question at all.
Muscles12, do the maths, if we had 3000 BTC and there value was 100,000 what would that give you?
£10 not unreasonable.
@chimers
"Muscles12, do the maths, if we had 3000 BTC and there value was 100,000 what would that give you?
£10 not unreasonable."
Its a nice thought but I think we should probably concentrate more on the £3 range. It's a good dream though and would lead to there being a lot of retired board members and more argo millionaires.. Not that most would have the bottle to hold that long (I wouldn't).
Muscles12
Sit back relax and watch this blossom.
£10/£15 sounds unreasonable to yourself however when bitcoin has its parabolic move up ARB will fly with it. Would you have predicted we would reach £3 like we did when we was at 4p??
No I didn't think so either.
GLA
MM80 ARB-£5
@K3VMC: "No way should ARB be a market maker stock, but Nasdaq entry will reduce their influence."
As I've mentioned a few times, the end-point is for a 'native' NASDAQ listing and de-listing from the LSE. It's abundantly clear that the UK cannot support a company like this. There's very limited appetite for it. It's partly the attitude of UK investors. Give it a year or two and I suspect it's going to be gone from the UK. Why would they keep a listing here now, that all the business is in North America? UK investors can easily buy US/Canadian shares already. Having a UK listing is just extra costs, with no benefit.
the-chuz, it's only my own view, but i think we will be well past £3 by the end of November
Only WINS left on the ask, then 1.60.
I wouldn’t be taking anyone’s supposed personal opinion on any bb, as a guide to buying or selling. Never listen to trolls OR rampers.
(9:56)…. 100% agree, sooner the better for us all!
CaneToad
“ Having a UK listing is just extra costs, with no benefit.”
I wouldn’t argue with that, but I have no say anyway. I put that in the drawer next to discussions on share consolidations. They’re not something I have to think about. My little brain has enough to cope with.
It is always difficult and tiresome to see this SP rise.
I thought we would be at least 160 by now.
@canetoad..
Thats a new theory I had not considered, the idea of ARB looking ot only have a NASDAQ listing and to get rid of the LSE listing down the road. What sort of timeframe would you consider on that. I can see advantages to it, especially given the Texas investment. Note none of the Canadian miners have gone that route . They all have dual Canadian and US listings .
More spread tha lurpak