Member Info for CaneToad

"I think the preference is to use it as loan colateral"

That would be the smart thing to do. Why not?

@spaceman: "I totally agree but wouldn't everyone be better of emailing PW or the board?"

I agree 100%. Please note that I HAVE also contacted the company directly, informing them that I would be dumping my holding if they are planning on another large raise. It would make no sense to continue holding as it is certain to crash the share price. What benefit would there be to continue holding, unless you are a masochist for pain?

I do NOT mind participating in a **rights issue**, but that is seemingly not what they're planning. They just seemingly want to immediately dilute everybody in a major way. That is a bad look just after an IPO. It means that you didn't plan the IPO properly. It causes investors not to trust you.

Simple. You CANNOT do another large raise after such a terrible hit after the IPO. It will CRATER the sentiment and the share price would follow it. I don't mind occasionally participating in a rights issue, but I don't volunteer to be robbed constantly.

It's very simple. Any large raise will totally crash the ARB share price. Any sniff of that and I will dump my entire holding as I have no plans on being a 'long-term' bag holder, while other mining shares are literally going to the moon.

"we're like a dead fish constantly stuck at 1.25"

The flipside to this is that the longer the time building the base, the bigger the move once we break out. Obvioulsy, that move could be up OR down, but I expect it to be major.

@Pearls: The UK market is entering a nasty bear market as far as micro/small/mid-caps goes. That explains *some* of the problem here. The rest is potentially due to market perception about another large raise. But most people have lots of red in their portfolios. As a trader, I'm not replacing trades as they roll-off and am in ~33% cash and rising and have picked up some OTM puts on nasdaq...

I definitely agree that they need to hurry TF up or they will entirely miss the BTC bull run. Somebody needs to stress that to PW. Any whipser whatsoever of a large raise for machines and it's game-over for the share price; it will crater, because there's no support even on a day when BTC and other miners are flying.

"Split your investment amongst the miners. I got tired of Argo stagnating so split it amongst RIOT, MARA and ARB."

That's the only sensible thing to do. The worst thing is to fall in love with a share. I ma here to make money. That's it. Period.

"poor outlook and underwhelming revenue numbers,"

Nonsense. The revenue numbers were great. The only issue with the RNS is that it didn't menion **profit**.

No doubt there are some shorters active here. Thought the short-interest says zero, I don't believe it for a moment. You'll notice that 'accidental' 10% short opened by the San Fran hedge fund (shown on the plot, but not in the numbers). The company knew about it and was supposedly investigating. FCA were totally useless as usual and I had to explain to them what shorting was. I'll bet they're shorting this like hell, probably with the Fevertree man.

Why be careful about the cash bit?

It's restricted, I agree, but what's unusual about it? Usual comments by @fevertree without any facts, just riddles to make himself look like he's in the know...

I have to admit, I do not understand the ARB share price.
Something is not right.
I don't know what it is and that makes me nervous, because the market is telling me that I'm wrong.
I am glad to have diversified a long time ago.
The only explanation that I can think of is that the market thinks that PW is going to do another large raise to pay for machines. There is something that is KILLING the share price.

@Know0: I agree with your view here. VERY clearly, the extra funds will go into reducing debt. I'm not nervous here. I've held a similar sized CPI position for months on large downtrends and had it recover. This is now quite stable compared to those days. The fundamentals are now improving and the news today will only further improve that. The main difficulty for me here is stopping my finger from pressing the buy button on another large chunk of these.

@SnipVW: "GGG is arguing that having this limit will have an adverse effect on all mining projects as it can be unknown until drilling has started and if it comes back with high readings then the project has to be stopped."

How can this effect Dundas? they're just going to bulldoze the stuff off the beach and load it onto a container ship.... Dundas is the most important poject they have and the only reason I'm here.

I do not think it's anything related to cum-ex.

TCAP is still rated investment grade (BBB- / Stable Outlook) as at 3 September 2021. They have a very strong balance sheet with masses of cash. Just look at the Enterprise Value. The RNS needed to mention ****PROFIT**** and without that, I guess the market has reacted poorly or there's some other reason that a muppet like myself doesn't know....

NO WAY though that the market cap should be lower than it was back in the banking Crisis though, just on that update. There is either some news on cum-ex, heavy shorting or some funds offloading or something like that.

"DJ, The update was poor."

Not sure how you can say it was poor. Looked very strong to me. Clearly it needed to mention ****profit**** though.

"The markets are bizarre though across the board so could have further to go!"

Bear market has set in for most of the UK market small/mid-cap from what I see. Half of the S&P500 stocks have also corrected. FAANG holding up the index.

I have foolishly a put on NASDAQ a few weeks back though, so I don't give a tosss if it collapses... bring it on.

According to 'The Art of Execution' by Lee Freeman-Shor, there are only two winning strategies:

(a) Cut your losses and walk away, e.g. at 20% or so via a stop.
(b) Add significantly more

I usually follow (b), but I will do (a) if the fundamentals have deteriorated. I don't see any deteriotation of the fundamentals here, but there is the possibility that I'm blind.

One possibility is there is some unannounced news on cum-ex. That would be a nuclear event and I would not be adding if that happened.

@Paddy: "The shares usually bounce back before too long!"

I hope you're right. Something bad going on here. I have ~25k shares. Have seriosuly thought about dumping them all today, but hanging on, perhaps foolishly.