Member Info for CaneToad

Looking at the price now though, it has dropped another 4.66% and is now at the year low:

https://tradingeconomics.com/commodity/rhodium

Looks like they're all jumping on the green wagon:

Sphere 3D
https://www.fool.com/investing/2021/09/15/why-sphere-3d-stock-soared-26-today/
Curious how this caused a 26% rise for Sphere 3D, but almost nothing for ARB?

HIVE
"By mitigating our environmental impact, HIVE is building sustainable operations that will power the blockchain..."

Bitfarms
"Our farms are powered by competitively priced, green hydroelectricity"

Digihost
Just added an empty 'DigiGreen' page to their website: https://digihost.ca/docs/digigreen/

I'm back in here!
Odd to see Ted down on a day when Superdry is up 13% - anybody know of a reason?
All I can think is that Superdry is crafty with writing their RNS.

@Herdie: re: THS

At the risk of having my reply deleted and being yelled at, yeah, I hold a little bit of THS. It's obviously a more attractive entry point now, but I'm wary of the Rhodium price falling further. Unlike BTC, it doesn't have a fanclub, just car manufacturers... If you're into miners, you might also be interested in Atalaya Mining (copper).

@Metalhead:

OK, I was fooled by the stale price showing on TradingEconomics, which appears to be from yesterday.

https://tradingeconomics.com/commodity/rhodium

Whether it's from yesterday or today, it doesn't change the story though. It's retracing just like lumber did.

Two days earlier: "The fundamentals of CPI are now good enough to bring in even the conservative Value Investors, with Stockopedia StockRank of 82 and rising, Value of 94."

Actually, the StockRank is now 84 and still rising. This clearly shows that the situation here has improved dramatically and continues to do so. The amazing Value here is evident from looking at how the P/E has evolved

2020: 3.65
TTM: 2.76
12m Forecast: 6.2

Furthermore, there is clearly some demand here as the share price no longer falls for months at a time. This compoany looked like an absolute dog 6m ago, but it's now looking like a respectable turnaround play. Let's hope that generates some more interest with more investors!

Action: "What sort of timeframe would you consider on that."

It's pure speculation...i.e. it has a decent probability of being total ******.

I would be prepared to bet that the Nasdaq listing evolves into the primary listing though. This is the first step. Look at the spread on ARB, it's pathetic. I do not believe for one second that it's due to liquidity. There's ample liquidity here. Spreads of 10p for a share of this value are reminiscent of Pink Sheet stocks in the US. Remember when Jordan Belfort got 50% commission for selling Pink Sheet stocks in The Wolf of Wall Street? It's not too far away from that.

Now that there's a bouyant market for crypto mining stocks, my prediction (based on tea leaves, gut feeling and an educated guess) is that within a year we'll see a native Nasdaq listing and that will become the primary listing. Don't get me wrong, I'm very positive about ARB and the IPO, but ADR's are nowhere near as popular as a USD-denominated stock. I guess they had to go by this route for expediency.

@Raxfactor: I agree with most of what you said. I'm a holder of THS and am looking to buy more. It's just that the market doesn't like Rodium at the moment. It's another 15% down today. It's in freefall. It had grown too fast and the retrace is similar to what Lumber did.

Re: Electric cars, it's happening. I'm seeing more Tesla's around my town; they just charge from the house. I appreciate that there's a problem for flats etc. but that's going to be solved. Every major car cpompany is bringing out an EV. There are also much better batteries on the horizon that will replace Lithium and will have twice the range or more. THS currently looks very cheap, but that will change in 6m-12m. You'll know what I mean if you had shares in any of the Canadian lumber companies (e.g. CANFOR).

Good luck.

@K3VMC: "No way should ARB be a market maker stock, but Nasdaq entry will reduce their influence."

As I've mentioned a few times, the end-point is for a 'native' NASDAQ listing and de-listing from the LSE. It's abundantly clear that the UK cannot support a company like this. There's very limited appetite for it. It's partly the attitude of UK investors. Give it a year or two and I suspect it's going to be gone from the UK. Why would they keep a listing here now, that all the business is in North America? UK investors can easily buy US/Canadian shares already. Having a UK listing is just extra costs, with no benefit.

And I expect that T. Rowe Price and other funds will be do exactly the same.

Happy to wait a while now.
Will be back to spend another £30k if it drops substantially from here.
Nice opportunity.

@shareinterested: "why asc has drifted much more than boo lately?"

A bit of news, a lot of manipulation, followed by people panic-selling. Same old AIM story.

@Bulldog: "I've sustained 42% loss on this dog with fleas"

The price is a reflection of the market, not the company. The two can be totally disconnected. Yeah, I have zero interest in the RNS, but some funds will and it's an easy thing to roll out.

Good luck.

Consensus target price from 24 brokers is 5,890.26p (92% above Price).

I typically ignore the target of a single broker, but when there are 24, I think it's a reasonable assumption that it's somewhere near the mark.

How many shares of this quality are there with almost 100% upside? I cannot think of a single share in the entire US market like this. You're lucky if you see 20% and even that is rare.

Added another large tranche.

@Raxfactor: "No speculation involved simple supply and demand"

Are you sure of that?

In the medium - long-term, those catalytic converters will go the way of the Dodo and the horse-drawn carriage. It's possible the demand might return for a couple of years, but long-term we know it's going to decline. If they're smart, they'll further diversify into other metals, while they have the money.

@Porsche1926: "3-5 years will be where it always is, in a range of 1800 to 4200, however, more shares in issue..."

Guys, we can safely ignore Porsche's comment. He's making his prediction from the 'tea leaf' chart pattern, which is notoriously unreliable...

More likely, Shein will be thrown out of the US and/or UK as they were in India. Happy to build a position in BOO and ASOS. I have no plans to buy even 1 share of Shein as those shares will basically be worthless. Let's see how that IPO goes, now that half of the US fund managers, including even the likes of Cathy Wood are offloading Chinese shares...

@MacF1: "And 15% down because of it."

I loaded up on HUT 8 as a result... I only had a tiny position in it because it had become ridiculously overbought.

As long as BTC rises, I expect that 15% drop to be erased within a week. It's difficult to fathom why people would sell today after the drop, but I guess that's why 80+% of day traders lose money!

Re: RIOT, MARA etc. that's why it makes sense to be in more than one miner!

Happy days!

I think I heard Peter Lynch say that one of the biggest mistakes in investing is to fall in love with any one share - because it's never going to love you back...

Let's hope they're not skunks...

@MacF1: "And 15% down because of it."
BTC flying up, but half the miners down today and none of them up significantly. Pigs not feeding at the troughs today.