Member Info for CaneToad

I find it incredible that the technology is not sophisticated enough to distinguish a BUY from a SELL and to report it accurately.

I'm not concerned about the IPO, even if it didn't go ahead. I invested here due to Minto, which (in my view) is an incredible asset. Minto, combined with Gati, given his huge holding. I've been scratching my head for months with this, never worked it out. Being also in some other small copper miners, I've seen first-hand how the market is currently pricing these companies and it's not inspiring. Even some of the blue-chip copper miners have been dropping or stagnating for months.

"It's not an exciatble stock with traders and busy bb etc"

I'm happy to continue holding here and I think we'll see a decent return. From my perspective, it nicely complements Petra and is significantly lower risk with a strong balance sheet. I don't pay a huge amount of attention to the broker targets for a company of this size, but seeing 6 brokers and a consensus of ~40% above spot provides some comfort.

"not brave enough or clever enough to trade it though :)"

Personally, I think buy-and-hold is a decent strategy, combined with scaling-in and patience. I'm not smart enough or talented enough to trade intra-day. It's occasionally possible, but mostly, I hold for months. I don't believe any of this 'long-term holder' nonsense for crypto. If you look at stocks like RIOT, the average holding time is 5d. that tells me everything I need to know.

@Flowerpot: "Is it because you trading in and out so much or because you just have a target and sell out right?"

Yes. I'm primarily a slimy trader. I used to invest very long term, but I'm now a short-term (weeks/months) opportunist. Everybody has their own style. That's mine. I always have a target.

"Can I ask why you personally have to declare CGT ?"

I mainly invest within ISA/SIPP, so no tax. But I have some BTC. HMRC requires you to declare capital gains on those. If you tell me how to hold BTC directly within an ISA I'd be jouyous, but I'm not sure it's possible. Maybe I'm wrong.

VirtuallyRich: "Plus it's available in an ISA, so no tax liability. I do mine through Interactive Investor.....GLA."

Thanks. I didn't know that. Very useful.

@VirtuallyRich: "VANECK VECTORS UCITS ETFS PLC DIGITAL"

That looks vagely like the French ETF which is about to launch in Europe. I expect there will be a flood of these. It's just a bunch of shares whose correlation with BTC is high.

Gem Diamonds reported decent results. The results here should (hopefully) do the talking in the not too distant future.

TOUCH WOOD

(1) There is no tax within an ISA
(2) There are no crypto ETFs available within an ISA/SIPP
(3) It's impossible to directly buy crypto within an ISA/SIPP

So people buy miners, *hoping* that the miner is highly correlated with BTC. Miners behave a bit like an option on BTC, i.e. they're geared. Warning: if BTC crashed, so would the miner - even more quickly, but you can buy an OTM put option on BTC if you're worried about the tail risk and you have a significant crypto exposure.

I'm expecting/hoping that the French Bitcoin ETF will be soon available in the UK - I cannot see why it wouldn't as it's UCITS-approved, so the FCA shouldn't be able to stop it. If not, then it's easy to replicate most of that ETF, because the index constituents are published. In any case, just taking an equal-weighted portfolio of the top 5 miners is probably not too different.

Like you, I also have some coins but will have to declare CGT.

(I might be TOTALLY wrong. I'm also TOTALLY biased. Do your own research. )

Heck, the buy-side is not exactly a tsunami ...

"So, yes, I am sat here bored of the share price and how static it is in the face of all the excitement that others are getting from being invested in other crypto areas"

Chuz: I trade for a living. If I'd only invested in ARB, my family would be having cup-a-soup every night.

Instead, RIOT, HUT 8 and MARA have gone through the roof over the past month. I'm interested in crypto and lots of other stocks, but I'm not in love with any. They either earn me an income or they go. Simple as that. I'm going to give ARB a bit longer, but I won't be waiting 'quarters and years' for it to move - that risks missing the BTC cycle altogether.

Long-term, I'd prefer to see this stock de-list from the UK and move entirely to the US or Canada.

It is a total joke and taints the stock.

Pops - a total fraud - yes, that's exactly what it is.

If you watched the order flow, the big sells apopeared instantly. It's all part of a single order placed on a trading platform, e.g. Interactive Brokers, that few PI's use. It's from an institutional player.

And big sellers close behind, right on queue. These guys don't want it to rise. Total bastar*s.

The results look good to me. Let's see what the market thinks.

Boohoo is a much bigger company than ARB and is on AIM. Some people here seem to get offf, by pointing out that ARB is on the main market. As if it makes much difference...

(LSE of course has remoevd the offensive part of the name. The story is from: CityAM)

Am I reading this right (https://www.cityam.com/bab****-sells-helicopter-business/) ?

"Bab****, the British defence and engineering business, has sold off its helicopter operations branch for £10m after purchasing it for £1.6bn in 2014."

Apart from not having to continue absorbing the annual loss of that division, how is that a good deal?

Tony - thanks for the useful post.