Andrada Mining acquisition elevates the miner to emerging mid-tier status. Watch the video here.
https://www.cnbc.com/quotes/ARBKF?qsearchterm=
just dropped back to $4.05 after hitting $4.25
$4.25 = £3.01 - would be nice to get a close at $4.30 to open us at £3.
Might get some US profit takers now so there may be a lull but looks like a good open at the moment if it can hold at $4+. If BTC goes on a run over night then even better.
I am wondering if the application to OTCQX and sponsorship went in some weeks ago and this is the confirmation. Peter Wall did say last application went in mid October but RNS was late December when it was admitted and an RNS issued. Possible the uplisting application went in before we hit $2 for 5 consecutive days and so it is just timing and NASDAQ could be underway but we will find out when admitted, not when applied for, so another four / five weeks.
Suits me fine, what a fantastic journey in terms of exchange progression, BTC run and the moves of the company in terms of mining operations in Texas etc.., machine expansion this year, diversification into Pluto and agreement with ePIC.
If you would have sat down in November and wrote down what perfect would look like wouldnt it be this?
I was later to the party @ 43p and upwards but you guys from sub 10p - totally well done - what a journey.
It feels like we have just finished the Hobbit and Peter is now releasing Lord of the Rings over the course of the year.
I have a theory that BTC Mining is really not priced in here at all. The main pricing is around the 2 x court settlements and a consolidation thanks to a single investor fund raise. Not enough people know (and that is fine at the moment - I dont want a run on expectation - prefer it on action)
BTC has had no real impact on the SP, I am in Argo also and you can see the impact there, this is really part of my reasoning.
Possibly the market is waiting to see if CLP 'can pull it off' and that makes an interesting entry point for retail on this one. Yesterday I increased my holding to 300,000 shares. Originally a small punt has now become a long hold investment that could flourish if they mine as they plan - a 100m MCAP would be tiny if they could mine and hodl - but that alone is a 10p SP. (4x)
Pretty excited now for the next few months here - been looking for a ground floor entry share for nearly twelve months and this has the potential to be it for me.
People seem to be happy to attack the BTC fall from 58k to 48k and are also the same people are willing to accept the shares don't go up in a straight line. But we ought to have some perspective.
On the 7th Feb BTC was 39k - today, despite the fall, it is 23% higher - on the 7th Feb most people would have taken that, instead we have a board that is disappointed with a fall that looks to be manufactured (for the conspiracy theorists).
I am not blinded by ARB and think you should hold forever but fundamentally BTC is rising and that is not debatable and the main reason is that people believe it is a store of value (just like they do Gold) and the plans at ARB fundamentally take full advantage of it.
There may be opportunities to buy and sell in dips for those wanting to risk it (and I have won and lost on a few of these) but ultimately the results next Wednesday should be the best yet, Texas is a great plan, Epic is a great plan, Pluto is a great plan and HODLing everything they can is a great plan.
If you believe Crypto has a future then ARB is definitely making the right moves, if you don't then you should not be on the board (should you?) - we have people who believe but still make constructive comments on what they don't like about the behaviors (lets not talk about Warrants again ...) but they believe in crypto and I don't see a better demonstration on how to capitalize on is other than ARB at the moment.
Nice little earner - 1000% on a million shares on 26th Feb.
https://uk.advfn.com/stock-market/AQSE/kr1-KR1/share-news/KR1-plc-Issue-of-Equity/84395471
I posted a week or so ago that I thought this was a punt. I bought in a small position on the back of the ownership of the mining machines and the fact the court settlement x2 would also boost the SP and fund the mining. Always thought the dominoes had to drop for it to move substantially however today I have more than doubled my holding and they will now go back in the bottom drawer - the placing to a single investor is great news - no longer a punt in my opinion, just something I am now in at the ground floor on (for once!).
25th Feb
https://www.bloomberglive.com/bloomberg-crypto-summit-feb25/
Last one for me tonight, dont be disappointed in today - comes to something when dissappointment is a blue day, anyway just look at the mainstream adoption. I bought more in the dip this morning, wish I had gone further but didnt want to exit other positions yet. Beginning to wish I had piled a little more in here than chasing a cannabis play coming to town ....
https://news.bitcoin.com/blackrock-investing-bitcoin-why-btc-price-up/
Have a good night everyone, dont stare at Binance too much, apparently it makes you go blind ....
Probably a lot of profit taking as well - in January this was less than a dollar in the US 4x in 6 weeks , it needs some consolidation there and here. We have been spoilt with the rise but if people are selling and happy with 4x then we just need those shares to swap hands.
Not sure if this has been posted - but great coverage and endorsement
https://www.sharebuyers.co.uk/shares/argo-blockchain-still-looks-seriously-undervalued-heres-why/
I know there is disappointment with today - I have some also as we all like big rises - but it will come. Unless you wanted to sell today then everything is fine, see it as an opportunity to top up (I did). BTC over the weekend will be interesting, if it breaches 55k and US starts to move at pace we will gap up.
I dont mind if Riot goes up 25% and we go up 5% in US - think about the ride when the Nasdaq listing happens .... it will be a thing of beauty.
Relax knowing what you are invested in - a good week behind us and a good week ahead.