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Argo Blockchain: Updates but as ever it is what it does not say that is the red flag

By Tom Winnifrith | Friday 5 April 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.


The word on the street is that Argo Blockchain (ARB) is, despite flogging its Mirabel facility, still looking to raise up to $25 million to help repay its borrowings which now stand at c$54 million. Natch’ there is no mention of that in a March operational update out today and it is not the only omission.
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