Member Info for CaneToad

@HopeGreedNothing: If not for the capital raise and the resulting dilution, where would the money have come from if we're only selling a limited number of coins? All miners have the same problem. I view the capital raise differently to you. I see it as a dramatic improvement to the earnings potential of the company, while some others don't seem to see that.

If you're impatient (I am), spread your money around to some other miners and coins. It's been a great week and BTC is looking v. strong. It's amazing to see BTC up when NASDAQ is so grim.

@damofarl: I admit, it could take some time. Thanks for the well thought out points. I like hearing an argument that differs from my own as I'm not always right...

But Adrian Biles has 11% of INCE and I'm sure he'll want to eventually see a return on his investment.

One point. I am amazed at the volatility. 10% up yesterday, 10% down now. All without any news!

I'm not at all worried about the dilution. All miners dilute their shareholders - that's how they raise money, because they don't sell their HODL... That takes some getting used to if you're an equity investor! That tends to hit the old-world fundamentals, e.g. Stockopedia now has ARB as a 'Sucker Stock' if that sought of thing worries you or if you havn't done any research.

FYI. Not all miners have been rising. RIOT has been falling for several weeks now (ouch!)

Overall, it's been another good week for BTC/ETH though.

I didn't think it would get back to sub-50. Looks like we're going to be able to ride this donky (horse?) again. CPI seems to be always tied to the economy and the market sentiment, so not filling my boots.

This is a volatile stock. Beta~2.5. People need to accept that it will drop significantly more than the wider market. It's that simple. Add to that some supply-chain pressures and negative sentiment and thet perfectly explains today's drop. I'm not worried in the least about the company. It's going to bounce back quickly, once we've reached a bottom. I'm heavily underwater, but not concerned in the least.

These guys have had the shorts open for a long time. I suspect that have some long-term strategy here, driving it down and then riding it back up again. It happened a lot last year, but has been quiet for months now. The bounce on this share can be incredible; it's one of the most volatile trading shares I know.

Srbenjo: "Lol. I'm a new poster but have no agenda other than to learn and contribute. I bought recently at 260 and 230 but looking for others opinions as to where we go from here."

I think both BOO and ASOS are great companies. I have moderately large positions in both. But I'm not currently buying more. The US market is looking like it might have topped and growth companies and going to be pummeled. At P/E ~ 20, neither BOO or ASOS are high by US standards, but they are likely (in my view) to drop heavily in that scenario.

I'm not selling. Looking to add more once a bottom is in sight. It could be weeks away.

Hmm, I'm a new investor here and I'm looking to add.
I give zero value to anything except Wressle, but that alone easily justifies the market cap.
I'm looking to add, happy to wait for the right time.

It's one of the few shares moving up or holding (so far) in the market storm. Might even add more.

I'm expecting @Porsche to appear any time now ... entire market looking weak.

The shorts are in for the kill. They always strike on a day of market weakness. Seen it many times now over the past 2y. They seem to lurk in the shadows until a day of weakness, then strike.

I think it's a superb company/share and it's massively undervalued. The main problem I see at the moment is the single broker and the floor lease that killed the share price from the last update. It would still be cheap at twice the price and I'm hanging on - I think it's going to make a fantastic amount of money for investors.

There is a HUGE amount of manipulation with this share. When it was Premier Oil, it was 'secretly shorted' by a Hong Kong hedge fund for months until the FCA finally woke up and took action. It was 'secret', only to the FCA. Everbody saw it was being massively shorted just from the trades. FCA asleep at the wheel again...

Oh well, it would have been good if it was true...

Looking at the volume chart, indeed, I do not see any large buying going on, like there was during 5-13 Sep.

I think this is an interesting scenario. They've already communicated that they're steadily moving away from coal, but they should see windfall profits from it, which could be incredible for paying down the debt and taking on more royalties.

More accumulation going on.

From the FT Today:

https://www.ft.com/content/07c60d01-02cb-479a-8ce8-4bacff0f2eab

"The real puzzle at the centre [of bitcoin] is either it really is going to the moon or it’s a currency that you can use to buy eggs, Tesla cars and all the rest of it. It can’t be both. The crypto industry has not yet come up with a good way to square that circle."

I started to think about the problem over the weekend and wondered if USD might be the problem rather than BTC. Imagine a space colony of thousands of people, where BTC is used as the only currency and store of wealth , where the entire colonly is self-sufficient, with no imports from Earth ('Muskville'). Under these conditions, BTC would work perfectly as both a store of value and a currency... The space people of Muskville would have a perfectly stable currency, but would wonder why the USD fluctuates so much against their currency...

In summary: BTC-USD volatility is entirely due to greed and speculation of people who want to convert it to USD.

I'm gradually coming around to the incredible innovation that BTC is on its own, entirely independent of any other currency. I'm also starting to understand why it makes sense for ARB not to sell any.

Cheers!

@FrayaBentos: "Once again a 16.35pm trade for a million shares at under 50p goes through..."

That sounds highly plausible to me. I see similar things in many other stocks, sometimes in an even more brazen way. In any case, it is good to see large purchases.

I don't think that's it. So why is RIOT down so heavily as well? I'm down further on my RIOT holding than ARB.

I think we're needing a bigger than usual BTC rise to drag us up this time, because Nasdaq is being pummeled. I'm hoping that BTC run has now started. Ever hopeful! I tend to sell when I lose hope in a share, but I'm a long way from that here.

With oil @ $80 and Wressle producing 500 bpd, production costs being $8/barrel, UJO share being 40%, monthy revenue looks like $400k. Annual rev: $4.5m. That looks like it will make the company profitable over the coming year and puts the company at an attractive valuation.

Maybe I'm spouting nonsense? What am I missing in this story? Maybe some of my inputs are wrong?

What chances do people see of being able to sustain 500 bpd or perhaps higher? Then, you've got WestNewston and other sites, but I'm allocating zero value to those.