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Argo Blockchain piss poor January, blames the wrong kind of snow

By Tom Winnifrith | Monday 5 February 2024

Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from ShareProphets). I have no business relationship with any company whose stock is mentioned in this article.

Excuses are like arseholes. We all have them and nobody cares. And so just four weeks after raising £7.8 million at 20.5p Argo Blockchain (ARB) has fessed to a piss poor January but of course it is not its fault. The shares are now 14.75p suggesting that the placees, suckered in by a ramp up to 34p, have already been well and truly bummed. But not as bummed as those private investors who fell for the ramp.
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