Member Info for CaneToad

@Metal: "Another nice rise in the Rhodium price this morning: up $400 on JMAT."

That's good news. But I hope it's not just a small, technical bounce, within a larger downward trend. Not yet sure about the price trajectory. Maybe too early to say.

Looks like some traders have moved in, to bounce this within a range. Hopefully they'll have the grace to leave it rise some day.

Guys, this has bounced. I've been wondering for a few days and then realised that all of the transport operators did the same on around 15 Sep. Looking like a nice replay of late last year/early this year.

I'm attracted here, having held this one (unsuccessfully) before. What worries me is the size of the potential fine, which could be enormous. Anybody tell me why this is so attractive today, apart from FOMO?

Mosquito: "I am invested and not a day trader."

I doubt there are many day traders in Iofina. The spread is too wide and it moves too slowly to be viable. I do tend to swing-trade it though, but it takes weeks or months for each position. I'd be happy to let it run for a while now that the finances are cleaned up. As I've said here many times, at this valuation it must be quite attractive to one of the speciality chemical companies, e.g. Elementis. Look at the market cap...

Having just ploughed through the results, I've added more. Knowing this share, it could fall back from here, but the medium to long-term trajectory is definitely upwards now. The balance sheet is starting to look respectable.

@Pearls: Hey, I came here via ARB. This could be interesting. Let me do some research and I'll come back with a pile of questions.

No longer by stealth! Nice sprite upwards.

@Moog. I see nothing shambolic in the IPO. It went well. Nor do I see anything different here to any other volatile stock. Buying stocks like ARB is risky and most traders will lose money. The safest thing for most people will be to research carefully and invest in Blue-chip stocks. You can expect ~10% annualised return over a 5-10 year window, but years with a negative return.

Bottom line. You can't get the enhanced return of stocks such as ARB without greater risk... Most people are not suited to trading or investing in stocks like ARB...

@Rower: I don't have time to engage with individuals like yourself.

I offer genuine, balanced content. I am a genuine investor. While you just seem to be obsessed with insulting people. I have executed over 1,000 profitable trades over the past year, generating hundreds of k of profits, spread over Canadian, US and UK stocks, while you just seem to be obsessed with a single penny stock for 10 years!!!!!!!!!!!!!!!!. Get a life!

Good luck.

Rower: "You missed out 'aka FireAnt' when you quoted me. Why? Are you embarrassed you got found out?"

@Rower: Maybe somebody should add your name to a fake email and send it to everybody, accusing you of some fake crime? Nothing has been found out. You seem to be obsessed with this fake story.

FYI: I hope it does well on the TSX and I'll trade it if it does, but I'm cautious about that.

There are other Canadian miners, like Rambler, that are having a very tough time, although, granted, PERE is lucky to have a CEO with deep pockets.

None of the copper miners are doing well currently. e.g. Atalaya has an impeccable balance sheet and it massively profitable, but is priced on a 4.1 P/E. Similarly, Central Asia Metals is doing well, but they're also very cheap. Then you have Lundin and Capstone, both Canadian and both with great balance sheets and are v. cheap. Bottom line: Copper miners are not highly valued by the market at the moment and this makes it even more unlikely that the Minto listing will strike gold.

@Rower: "Have you worked it out yet CaneToad?"

@Rower, I'm a trader. I trade. I cashed-in a nice trade earlier this week on the back of the rise and will wait for another entry-point.

As a large investment, this has too many moving parts for me. I've lost track of the finances and strategy. Gati effectively controls the company now; there's limited corporate governance.

"Gati Al-Jebouri, has provided an additional facility of up to £200,000 to cover any cash shortfall until the end of 2021. This facility has been approved by the Pembridge Board of Directors. The Facility carries interest at an annual rate of 14%, to be paid upon repayment, and an arrangement fee in the amount of 6%"

Good luck.

Not scared. Could not care less what they do. It's relevant news for trading though.

Long-term, it's going to have no impact.
Short-term, this could have a 'significant' impact if there's a mass dumping on BTC from the Chinese.

Crypto is tanking. Not good.

This looks as though it's now moving upwards, by stealth.

Results look OK
Balance sheet looks OK
Not overly expensive, not that I like insurance companies
RSI starting to look attractive, though the trend is a bit ominous

It all looks a bit "so so" and unloved. Looking attractive for a die-hard Value investor, but not convinced of the near-term upside here. Anything I'm missing?

FYI: @MaryBr190 called this brilliantly. I got it 100% wrong. That's the market.

@Mary: You definitely got this call right. Well done.

I'm grumpy because I missed it! It's always humbling to compare ones own opinion of what might happen to what actually happens...