Member Info for CaneToad

Nice uptick in volume after the results.
Not surprising when the P/E (12m Forecast Rolling) is at 3.9 and the company has rock solid fundamentals.

One source of buying will be Melanion Capital's Bitcoin Tracker which is about to open to retail investors throughout Europe.

It aims to replicate BTC with a portfolio of stocks, including ARB. It's mechanical. They don't care if ARB goes up, down or sideways. They will still buy ARB shares in proportion to the fund size.

It could cause HUGE buying in ARB.

- Limited upside
- Unlimited downside
- Boatman failed to crash the price and most people have laughed off his attack...
- ARB price could explode upwards at any time wiping out shorts
- A losing strategy - *almost certain* to lose

Any day now, the Melanion Capital Bitcoin Tracker will start buying ARB. They don't care about Boatman shenanigans or shorts. They will mechanically buy ARB in proportion to the fund size. They won't be interested in the sentiment on this board.

In the time that your shorts have gone nowhere, the rest of us have been making a killing on HUT, RIOT and MARA. ARB is likely to follow any day now. It's clearly the best miner on both technicals and fundamentals.

@GGGGG: "Alongside of course the obvious P/E Ratio of 292.2"

The P/E ratio you refer to is a result of stale reporting and poor quality data.

The current P/E ratio is actually just 21.4 on a 12m Forecast Rolling basis. If profitability rises further, e.g. if BTC was to rise, this P/E would drop further. Bottom line, it is not currently expensive on a P/E basis.

My source of the P/E figure that I quote is Refinitiv (owned by the London Stock Exchange) and shown in Stockopedia. i.e. it is the official figure.

Looking more attractive. I now see this recovering like Capita and lots of punters will arrive to ride it up.

@Westham22: "You believed in Rambler when you first invested and this company has good foundations. Nothing has changed"

While I am positive, I think your comment that 'nothing has changed' is a bit of a stretch and an insult to other investors here...

c'mon, let's be truthful! This is not the only copper mine listed in the UK. There are copper miners (e.g. Atalaya), which have solid balance sheets, are if good jurisdictions, are very profitable and which are also extremely cheap. Let's not spin rubbish that some poor newbie might believe.

West Face will most probably continue selling until they've completely offloaded their warrants. That could result in a price marginally above 14p.

THAT is the fact.

Also, it is not *yet* a given that Rambler will receive the loan, nor is it a given that they'll achieve enough copper to meet their obligations under the forward contract. They should do with some luck, but luck is not something that Rambler have seen much of. Then there is the question of why they've drawn down the loan early. And the fact that there are investors here who were obliterated earlier in the year, yadda, yadda, yadda.

I'm not negative. I am realistic. I'd be looking to top-up around the 16p mark. Without any more FACTS, it is simply too risky to continue adding here as there is no floor to the price. Only a fool would invest without a floor.

IF the new debt comes off without any problems and IF the company starts to turn around and IF the copper price holds up and IF there are no further cave-ins, it might be a speculative investment case. But if you want to double or triple your money quickly, you'll be better off at Ladbrokes.

Most crypto stocks are down with BTC, but we're not (hooray!). It's weird that the BTC-ARG correlation has broken down. Maybe a big uplift is imminent!

It does look as though it 'might' have found a bottom. Happy to add at this price. I've held this before and sold out due to the boredom factor (lucky decision at the time), but it's now hard to ignore it due to the strength of the balance sheet and nice divi.

FYI: I fully expect the China Person to go crazy in his usual way, accusing me of yada yada, like he does...which I handle, by not checking back here for a few week...

I'm a holder here and looking to topup around 65-70p. Not meaning to be negative, but the price is still *way* too high in comparison to other early-stage miners, e.g. Bluejay is valued at just over half of Pensana even after it's 'popped', while it has *multiple* world class sites (one potentially worth over a trillion dollars) and the backing of Bill gates and Jeff Bezos...

Pensana could be interesting, but the chart is ominous as weak hands depart while waiting for news.

It seems to come out on top when compared against:

Knights Group
Keystone Law
Gateley Holdings
DWF
Manolete Partners

@the_Chuz: Issuing more shares will obviously dilute existing holders. But, it does not necessarily mean that the share price will change. It depends on what those new funds are used for and how the market reacts.

For example. Let's say you have a company with 100 shares of £1 each and the company decides to issue another 100 shares to pay for an identical business, so that the revenue/profit is doubled. Existing holders now own something of the same value as before and hence the value of those shares is unchanged.

If a company issues more shares, but the revenue/profitability remained the same, that is obviously a different story. In the case of the Texas facility, it will be adding more value, so I'd argue that the situation is closer to the ideal one that I describe above.

In summary. I am not concerned about how many new shares that ARB issues. So long as the money raised from that issue increases the revenue/profit proportionally.

In the case of the dual listing, it's harder to predict what's going to happen to the share price. It all depends on how people perceive the impact of the extra investors. I don't have a crystal ball, but I'm still invested here.

(Disclaimer: I am long ARB. Everything that I say might be wrong. Do your own research)

600Thieves: "Any thoughts?"

Mate, all I can do is guess here. There's no way to be 100% sure due to the way that LSE reports historical trades.

For the first trade down @ 13:00:40, I see Bid/Ask at 128.00/131.00 while the (supposed) execution price was 125 on a £250k trade. That tells me the trade is likely a sell as shown.

My logic might be flawed and my conclusion wrong. But if these are delayed sells, it would help to explain why the price didn't move up during the day.

Bottom line - it looks like there are some more shorters at work.

@the_Chuz: "PW will have no issue whatsoever diluting current shareholders by 30%, new shareholders will just come on board at the lower price."

Hey - give it a rest buddy... contribute something useful, but don't hang around here upsetting people. At the moment, you're as welcome as a 'floater' in a swimming pool...

Wat_Dabney: "Quite a few late reported large trades showing red on LSE"

This explains why it was kept from rising today. They indeed look like real SELLS to me. Very devious.

Superb news. It has to be the best copper play in the UK markets, by a very wide margin.

https://www.forbes.com/sites/jonathanponciano/2021/08/11/crypto-market-breaks-through-2-trillion-again-as-altcoins-join-bitcoin-in-post-crash-rally/

- Limited upside
- Unlimited downside
- Needs margin account
- Needs perfect timing
- Requires spreading lies and dodgy stories from an anonymous address
- Causes excessive spending on underwear
- One false step and your balls are history

This is looking like it might have turned; tempted to add, but nervous about the intentions of those hefty shorts. Presumably they're waiting for some action around the DPO deal? Any opinions?

Even ARB has risen. WTF! Maybe it's finally our turn!