Member Info for CaneToad

dodkins: "I also think we are seeing a lot of warrant sales."

From memory, there are a vast number of those outstanding warrants. Are the bastar*s going to drive this to zero? What's to stop them?

@DJG123: Man, I feel sad for you posting that junk. Do yourself a favour and go to bed or watch TV.

My concern is that they have problems with the senior secured loan...so they're drawing down some of the convertible notes.

@dodkins: OK, thanks for the explanation.

What's the probability that they can mill 1350tpd by year-end ?

Can anybody explain to me why the heck they're drawing down this other $1m at this stage?
I am guessing that they are burning through more cash than expected?

My concern here is that the mine will never be significantly profitable until they have an onsite mill. It is a rediculous situation to have to transport every ore load 42 miles away. I guess the ore sorter will improve things a little bit. Happy to hear counter-arguments.

Guys, are we seeing PI selling or is it the overhanging warrants?

I think this is more of an issue with the share price rather than the company and I'm starting to look for a point at which to average-down. I am not YET convinced that the company is being well-managed, but I'll take another good look at that before adding anything to my modest position.

Some more random trivia:
https://www.cnbc.com/2021/08/09/amc-says-it-will-accept-bitcoin-as-payment-for-movie-tickets-by-year-end.html

Probably only of interest for US traders / AMC fans...

Buster_Pila: "Riot’s up"

Yeah, it's interesting that it's the one with the least-worst RSI as mentioned earlier today. The rest are pulling back as you'd expect. Massively overbought.

PUMPING - it reminds me of earlier in the year and late last year, when this stock made some CRAZY intra-day moves.

Beware. As I mentioned some time in the distant past, there have been 20% tree shakes on this stock - have a look at the price history if you don't believe me... some intra-day moves have been 30% !!!

Simple - all crypto stocks are down today.

I mentioned yesterday that with the exception of ARB, they were all massively overbought on RSI and due a pullback. Unfortunately we're going down with the rest now...

Damn annoying. It CANNOT last forever.

Definitely my worst buy, having held it for over a year now, but I think it's finally starting to look good. Despite MASSIVE objections to doing so, having sworn at this ocmpany for a long time, I might even average-down my holding now.

Maybe not today though - all of the miners and crypto companies are down today; most were overbought on RSI and I'm happy to have mostly sold out yesterday, with the exception of ARB.

Anybody know of any announcement that migth have caused the drop?

No idea; this used to be typical behaviour for NETW and I'm glad to see some volume back after a drought for several months.

Crikey, it's hardly flying up is it...Surely the house broker can shift these Liberty shares if they want out. How many copper miners of this quality are there with a (12m Forecast / Rolling) PE of 3.8 FFS.

I initially thought the price for the land was a bit steep. But the remarks that PW made regarding timing make perfect sense to me now. Sure, you could get the land cheaper, but waiting another 18-months for permitting, etc. etc. is NOT an option in this market. More money will be made mining BTC through getting the new facility up and running quickly.

Just added some a bit more ARB to another trade. ARB is the cheapest on technicals and fundamentals at the moment. I'm also in RIOT, et. al, but ARB is the one on the launching pad now. All of the other miners are overbought.

@Mittenator: "Gotta have balls of steel to short ARB given the price action of BTC recently. "

Gotta be a sado masochistic, an idiot or a newbie to short ARB ... your max profit is capped, while there's unlimited downside. Big buys could fly in at any time, with ARB rising 20% in a single day... That is not attractive.

@And_its_gone:

Hey I'd not seen DMG or DGHI before. They look interesting. Parabolic like the rest of the miners though... RSI sits at about 80 for each, compared to 50 for ARB. I'm becoming a bit wary of a pullback for most of the miners, though I think RIOT might have another day or two to run.

It's useful to look at the weights in Melanion Capital fund.

ARB has dropped a bit lately (it was 9% at one stage) and now sits at 6.2% , but that's still higher than HUT and BITFARMS

https://www.melanion.com/melanion-index

Hmm, we must see an RNS soon. There has to be institutional buying. Very strong.