Member Info for CaneToad

"A rat pit that needs what rat pits need."

Unfortunately - yes, I agree.

I once reported an incorrectly reported 12% short position to the FCA (on TP Icap) - they did absolutely nothing and said they apologized for the 'inconvenience'. It's STILL reported on the LSE / TCAP page to this day ......... nobody knows if it's for real. No surprise, it's from a US hedge company. They wouldn't try that on their own markets, but it's OK in the UK markets, because the FCA literally tracks this stuff with a single Excel spreadsheet and they have no idea what's going on.

The bottom line is - you need to be extremely careful investing/trading in the London markets. It's a zoo. It's incredibly dangerous due to the amount of manipulation that goes on. It's why an an increasing number of UK fund managers focus on the US markets.

Hopefully the Bitcoin tracker fund will soon open to investors and big buys will come in for ARB.

@Deacs1970: "I'm expecting the next stage in PERE post Minto, was always the plan to use Minto as a stepping stone for bigger things and no reason to doubt this is still not the case."

I hope you're right. I originally invested in Pere, because of Gati and the opportunity which was presented, but I sold out when I no longer understood the strategy after the Minto IPO announcement. With Total BS being spouted from a certain channel, I had to change my username, to avoid fuc*wits continually posting lies and ****e, including some Lemmings on this channel.

In retrospect, everything I thought would happen - did happen and I was happy to get out when I did. I might buy some more once the Lemmings drive the price down.

Maybe the correlation has snapped back? Nice finish today - better than most of the other miners. At some stage - this she's gonna blow!

@PCompany: "It's a BUY here, surely?"

The market hates uncertainty and there are few greater uncertainties than having a new CEO. I have a modest holding and will hang back to see how the dust settles. Maybe I'll add if it's attractive.

@Night_Watch: "Think this potentially may fall back into 30's."

Hey that's a good one! I hope it happens as it would be a spectacular bargain, but I'd give it a very low probability of happening. Your message is not that subtle...made me laugh!

Guys, have a look at the technicals. RSI had gone through the roof. It's now cooled off a bit. It's a textbook pullback. I'm going to start scaling back into this one now, having sold out last week. It could fall further from here, who knows! but I wouldn't be att all concerned if I was a long-term holder here. Fundamentals look strong now and this deserves to rise again after a consolidation.

@MrGecko: "Uk markets are rubbish and have been for years."

Absolutely true. The FTSE has gone nowhere in 5y. It's jam-packed with dusty old companies that barely make a profit, for which most of the investors are all clones of Victor Meldrew, who whinge constantly.

I've a decent holding here and I confident medium-long term. It's erratic, but that's why I'm here. I've not seen any evidence of bondholders selling.

@China: "The SP of Pensana has been controlled by Negative Sentiment, FUD, lies and Short selling for the last four months, certainly not by fundamental or rational reason"

Nonsense. It's because it's massively overpriced ... as I've tried to explain to you many times, PRE is a good opportunity, but it's entirely speculative atm. Nothing holds up the share price except speculation.

It's possible that this has bottomed out at the February support, but I'm not prepared to add yet. There's no volume and the price isn't going to appreciate in a sustained way until there's solid evidence of improvements in the fundamentals. For now, it's just too risky for most people to add. This is classified as a 'Sucker Stock' in Stockopedia/Refinitiv for very good reasons. Seriously, PRE has made less revenue in the past year ($2.37k) than I've made in profits from today's trading activity............it's not a business yet. It's a long-shot and if Peter Lynch never made money on a long-short, then it's unlikely many others will.

Anyway, I made some comments like this a couple of weeks back, but I have had no inclination to read the response...

@Jackbal: The price action here has always been hard to follow. Minto itself is great, but I've taken a small position here (again) due to the CEO's skin in the game.

Canadian mining companies have not done well lately though and it's not necessarily the best time for an IPO. I'm also a bit skeptical about the market realising the full value of PERE's Minto ownership. I think it's more likely that PERE will be wound down once Minto is up an running on its own. I see that as a possible 'out'.

I cannot believe that 'after only 6-months', that I'm actually in profit with MANO! I've taken a screenshot to paste on the wall just in case it's short-lived...

More seriously, sentiment appears as though it might have finally improved here, with small, but consistent moves up.

Nice to see somebody directing a decent wad into IOF.
Not the sexiest of companies, but looking solid nevertheless and looking better than ever before, while the price is dirt cheap.

I have no idea what's going on here. With further increases to shorts, somebody does.

Well, I guess it's now clear why he sold a bunch of his shares...

My investment here was influenced by having JT and I'll now have to rethink why I'm here. Difficult to understand the motivation.

I *very* much doubt he's bent. Misguided - perhaps. Often, it's just some poor soul who's been handed a dusty old spreadsheet that nobody has updated in 10 years.

I tend to treat individual ratings as little more than astrology. It's a bit like guessing the number of jellybeans in a bottle. The individual estimates are quite poor, while the average of a large number of guesses tends to be quite close to the real number...

In my opinion, there is likely to be a pullback within the next few days once RSI rises a bit more. Timing will depend on the broader market sentiment. Personally, I'm an opportunist and tend to trade in and out of this share but revert to buy&hold if it goes against me. Long-term, it's likely that you might make more simply by holding but that could take several years to play out. e.g. Holding the FTSE 100 hasn't been a winner over the past 5-years.

Bab makes tiny profits off huge contracts. It only takes a slightly more efficient management and Bab could make a serious amount of money. Bidders know this. I would think that the contracts are very attractive for the cross-selling opportunities.

Looks almost certain to me that another II was buying yesterday: look at the second last buy, 670k shares, £911.20k .....

Seriously, we could go well beyond the ATH this time. Not meaning to ramp. It's just a matter of supply and demand, with the dramatic increase in the number and size of the investors.

In summary: I don't think it's 'ramping' to air the opinion that BlackRock, Fidelity or any of one of hundreds of fund managers could soon be making a significant purchase in ARB. It might have already started. Just look at the last 7 buy orders. I don't think the buying yesterday was necessarily due to the IPO announcement. I think it was news about BlackRock. That news could open the floodgates here. BIG TIME. And then there's the BTC run gaining momentum overnight. Next week could be interesting. Fingers crossed.

I mentioned this yesterday, but nobody seemed to notice. I think it's huge:

https://bitcoinmagazine.com/business/blackrock-the-worlds-largest-asset-manager-invests-in-bitcoin-mining

Black Rock now own about $370m worth of miners, spread between MARA and RIOT. But they're focussed on ESG credentials........

And there is the French BTC launching any day now and Eurex has just announced a new bitcoin futures contract due to 'significant' institutional interest:

https://www.coindesk.com/eurex-to-launch-bitcoin-etn-futures-to-meet-significant-demand

Those two pieces of news have given me the confidence to increase my own exposure to beyond £100k.