Member Info for CaneToad

Now holding the biggest chunk of ARB that I've ever held.

I added a decent chunk. It's going to move some time. It's getting a bit ridiculous and I'll probably be swearing later on...

"You do realise I said 350 with the ore sorting plant - that would be a 20% increase in staff for a 50% increase in production - I.e. greater efficiency."

@Cornish: I'm not doubting that that it's a good efficiency improvement.

I have no doubt that Rambler will eventually be successful and profitable. The point is, can they afford it? Where is the extra money coming from? They don't have great big piles of it lying around. At such low production/cashflow, it must already be an effort to pay the 280 at a guessed $1.8m / month.

Im not a masochist. I'm here, because I cannot get out, though I significantly de-risked a long time ago. Like you, I am now a bag holder.

Superdry is up due to the Telegraph tip. (I'm also holding Superdry). I'm not 'yet' tempted to average it down as the upward move from those tips is often temporary.

@pdosullivan: Thanks for the useful article. This looks like a solid medium-long-term holding. In view of the hedge, it's hard to see what the would cause a short-term price rise, but I'm hoping the market looks past that.

This share always surprises...it's been great to trade on occasions, but I also recall months of pain in its many slides. No idea what's going on now, but will be following the same strategy as always, which is to *wait*.

@Chloechaos: "The age of digital has arrived.... and crypto is about to fly... hold tight! Fill your boots!"

Exactly. The people who made the big money were those buying ASOS in April last year when everybody was panicking even more than now and riding it up 500%. It's looking like it might repeat. What an opportunity!

Oiltap: "Canetoad - you win best de-ramp of the day."

I hold these shares. I don't ramp or de-ramp. As I mentioned. The average Canadian mining salary is $76k. With 280 people onsite, that costs $21m a year or $1.8m / month. With 350 people, that rises to $2.2m / month. That could be a problem. Some of the 'experts' (stooges) here (most likely, employed by the brokers) love to quote mining figures, but this is no longer about the mine. Ming is a great mine. My concern is not about the mine. It's whether they'll have enough cash to continue operating.

I agree, that this could be a multi-bagger. That's why I originally invested here. But for people that are 50% underwater, the share price needs to double to get back to breakeven. For somebody that is 75% down, it needs to quadruple. This is not de-ramping. It is fact. The only reason that I'm hanging on here is that I've already reduced risk a long time ago and the best strategy now is to DCA at as low a price as possible to bring that breakeven down dramatically. I mentioned 14p-16p a while back and I stick by that. It doesn't look to wild a forecast does it!

Good luck.

@Sage: "That just doesn't make sense -£10 for a delivery?"

Because it's total nonsense... It's not true. It's made up. As you say, all retailers, including Amazon would have the same problem. The difference is that Asos, Amazon, etc are highly profitable, unlike most other players.

I'll be adding more ASC once the panickers have finished.

@HeresHopin. My point is that the company is highly profitable. Going forward, all companies will have supply chain issues and will be increasing prices. Companies that are this bombed-out are usually unprofitable and/or have funding problems.

The big drop here is because of the personalities of the people that invest in stocks like Boohoo and Asos... they panic. You just had to look back and see that this share moved from barely above 1000p to almost 6000p in ~1y. That's an incredible range! Seeing that should guide your investing in a company like this, not to go 'all-in' on day 1. But FOMO always gets people...

You must think that I am joking about my FCA comments. I'm not. I informed them about a large unreported short on one stock and they literally said 'sorry for the inconvenience' and it took a very long time to explain to the operator what a 'short' was. I never heard back from them and that short is still reported on some platforms, but not in the FCAs own list.

"Hope some people reduced before today. Not great results as expected."

Absolutely not. I'll be increasing, once the annoying parasite spoofers have departed. Revenue and Profits are up.... sp almost 50% down from peak - you'd think that they're not profitable or have problems.

"Where is logic"

It's because this share, along with many on AIM is manipulated. It's a game. The markets are literally full of spoofers. It's a plague in the UK, which is why a lot of US traders won't touch it any more. They know that the FCA will never do anything as they're barely able to turn a PC on, let alone work out what's going on in the markets...

"There’s clearly an issue and Nick out like this is not good. "

I could not care less about the CEO leaving. It's not as hard as people think to find a new CEO... Why would anybody buying their clothes care about who the CEO is?

Those results look good to me, with Revenue and Gross Profit both up. Obviously they have supply chain issues like every other business in the country and most in the world... But the crazies will say the results are terrible and try/predict a 20% drop in tyhe share pirce. That's fine. Bring it on and I'll buy another £25k worth!

@SkyMonkey: "Does anybody wonder if Apple are looking into Crypto."

Nope. But I just noticed the low-key announcement re: Google and crypto payments. I ignored it until seeing that their partner 'Bakkt' is owned by the Intercontinental Exchange (ICE) who also own the NYSE. So Google will be offering crypto payments, with a back-end which is going to be widely trusted.

https://cryptopotato.com/google-partners-with-bakkt-to-bring-google-pay-to-crypto-users/

I've become sceptical of these announcements after trhe Amazon fiasco, but it looks like this is legit and was backed up by a similar article on the Bakkt website.

Actually, the ARB weighting is 2.88% while RIOT is 3.16% for comparison.

Yeah, I agree. The Invesco fund mentioned in that article (SATO) has now started trading and has ~2% in ARB. So with some luck, we'll start to see steady purchases of ARB as that fund grows.

"It's nevertheless good to see some action on Gold today"

And once again, the 'action' disappeared back to a 0.17% rise. WTF is going on with gold! This is becoming a joke and on looking at how much gold miners have fallen from the peak, compaed to gold itself, it's a joke. I don't even want to think what would happen to the gold miner prices if gold actually dropped 5%. At this rate, CEY and the like would drop another 20%. This is more extreme than bitcoin.

"A big spread has its good points"

I assume you're a MM!!!! The only purpose of that wide spread is to make them money. I can understand if the volatility is high, but this is ridiculous. It's just plain and simple theft of PI's money. They systematically fleece people.