Member Info for CaneToad

@SteveJones: "Pretty much, as expected, all PMs rose well"

100% accurate. As I said a few days ago. All boats rise with an incoming tide. Today's CEY rise was 99.99% due to the rise in gold. I just hope PM prices can be maintained. Gold has already lost half its rise today and that will no-doubt impact CEY tomorrow unless PM power back up in Asia.

1) "European Gas Prices Slump as Russia Finally Increases Supplies"
2) AXA still offloading?

Feeling nervous to buy into a rapidly falling price, but the fundamentals look good here. Will take a micro punt and watch for a while.

@crawshaw: "Can almost taste his/her tears!"

And where's Mr Porsche? I expect some of the shorters will be hoping they still have a car after today...

@bbr391: "Another 14K cane toad ?"

Nope. not me. I'll have to be content with what I have for the moment. I don't like chasing a price upwards. I'll try to sit tight for a while and see what happens.

OK, I'm now getting excited by the gold move. I'll turn bullish when it breaks $1900.

Can it keep it up? Fierce selling going on as well. Seen too many of therse temporary spikes reverse.

Highest US inflation since 1990. Gold flying up. BTC likely to follow in my opinion. Just added back to ARB position.

Consensus target price (average of 24 brokers) is 4,116.91p, i.e. 53% upside from here. NOT 20%.......................

Well done 2phevs. I'm glad I didn't add much. I'm wondering if our seller is back.

@Pedro: "This will run out of steam.The trend is still down.The reasons this dropped and will continue to drop are still very evident.PE of 28 is too high"

The 12m forecast P/E is 18.8. You're looking at stale data.

I agree, it could dip down again, perhaps even to 150p as you say. I think it's more likely to rise from here though. There's a big difference in the Boo technicals compared to ASOS. Boo is not far above the covid lows, while ASOS could (theoretically) halve from its current level. But even with ASOS, I think it's more likely to rise and I hold that as well.

Unfortunately, the Stocko rating has now flipped back to Neutral again, for what it matters... Life is short!

Upon seeing that news, I will be buying more tomorrow.

In terms of the company, I still think there's a good opportunity here. We first need to get out of this mess though. It's not a good look to have your shares frozen for weeks at a time.

With this long to go until the update, I think there's a good chance it's going to break below 45p. Support looks as though it's getting weaker.

We have a problem (re: comparison of bitcoin to gold)

Hargreaves Lansdown: "The recent surge in the crypto asset partly seems to have been caused by investors piling in, seeing it as a hedge against inflation."

JP Morgan: "We believe the perception of bitcoin as a better inflation hedge than gold is the main reason for the current upswing."

https://uk.finance.yahoo.com/news/why-price-bitcoin-pushing-highs-153045833.html

Bit of a horror here; I expect that all the recent swing/day traders are cashing in before their pot vanishes...

If you've done your homework, you'll see that Gem Diamonds has dropped more than Petra today. GEMD is debt-free and has a very strong balance sheet.

You have to ask why would anybody hang around spreading doom on a board with fewer than 6 posters. I think we can safely ignore lonely old MrCarats....

I've added significantly today. I would invest here entirely based on the PFAS solution alone, even though the price has been up at 260p back in 2019 with their oil removal technology. The market cap is still just £11m and I see this being a serious takeover target, though I'd doubt that would happen for less than £3/share now they have the PFAS technolofy.

I've only just learned of this German crypto miner (up 36% today due to news/filing of accounts). They're planning on a NASDSAQ listing. Might be interesting after a pullback.