Member Info for CaneToad

@nofear52: "Gold is flying!!!!"

It's up 1/4 % ..........

You must be investing in some very low volatility assets if you think that's 'flying'...

Very interesting.

If it's FDIC insured I can see it gaining some clients; presumably they have a banking licence. It's basically a return to gold-backed money!

@jg68: "For example, I believe that they are setting extremely large sell orders on their systems which the markets would then pick up on as sells in order to drive the price very low, but then cancelling these sell orders at the last minute just before execution."

Unfortunately most of the exchanges *facilitate* this by having a special API call in the Direct Market Access layer. It's something they did to make HFT firms become more profitable - basically the exchange *helps* them rip-off private investors!

There have been several attempts to change this, but there are very wealthy firms with a lot of influence that always squash any attempt to change it.

You might find it interesting to listen to what Haim Bodek says. He explains how it works:

https://www.youtube.com/watch?v=kFQJNeQDDHA

It's very weird/spooky how the technicals seem to want this to retrace back below 2000p. At some point it will find a bottom and I'll be adding more as it's a fundamentally good business.

Very interesting.

From what I can tell, these are digital tokens (i.e. crypto), which are backed by Gold/Silver. A bit like the USD before Nixon abolished the Gold Standard.

I think they'll find it hard to compete with PayPal, which would be a direct/bigger competitor. It's interesting though. I see they also have a 'coin' which is backed by Emeralds... Lots of companies have tried to enter that space, e.g. Binance who offered 'coins' backed by stocks at one point (before being banned). Personally, I can't see the point.

I'm surprised they can achieve such a high yield. It would be interesting to understand how they generate that yield.

I also wonder if they will have regulatory problems in the USA as it's one area of the crypto market that Gary Gensler and the SEC are craking down on (want to oulaw). They're going to start to demand that anybody paying a yield would need a full banking licence. Maybe Kinesis already have that?

It seems that container shipping costs have already started to fall. Shipping costs from China have already tumbled 22.5% since September. So I wonder if we might now be past the worst.

https://www.scmp.com/economy/china-economy/article/3153036/shipping-container-prices-tumble-first-time-year-chinas

That said, the technicals look bearish and I'm not going to be surprised if it falls some more, but I'll be adding more if that happens and see a great 6-12m trade here.

I'm happily building a position here for 6-12m time.

Consensus target price is currently 361.72p (~100% above the current price) - bagger!!!!!

@jollyspeculator : Genuine/successful traders don't tend to hang around spreading doom on shares they're not invested in (long or short). I happily shorted the indices in March 2020 and did well. The difference, is that I didn't hang around on boards trying to convince people to sell SPX and FTSE tracker funds. It's hard to fathom why someone would want to hang around here if they're not invested. I guess you're lonely and have nothing else to do...

This is now a situation like Babco*k and will go through similar motions.

The outlook is still very positive from what I see in Stockopedia. The consensus estimate of 7 analysts is ~37% above the current price. Clearly this is a recovery play. The company has just come out of a near-death experience, but things are improving rapidly.

@jolly: I guess you're shorting FSJ? Can't understand why else somebody would hang around spreading doom & gloom on one of 2,000+ LSE boards. FYI. There will be a point at which this could move up explosively. I think that could be a while off, but you should look at Babco*k as an example. Some shorters were totally destroyed over there...

One more thing. CAML has been a bit stagnant since June, while ATYM is rising, albeit mainly in the past month.

@dusty: I agree with your points. I was in a hurry and tried to boil it down to a single sentence and expected the reader to due their own analysis. I fully appreciate that CAML also has lead and zinc. I have a significant share holding in CAML and would like both to rise...

My main point is that ATYM is now significantly more profitable:

CAML (£/m): 41
ATYM (£/m): 77.3

This is only a recent development. Also, ATYM is significantly cheaper on a P/E (Rolling 1y basis):

CAML: 7.4
ATYM: 5.5

If we were to use the 'Compare' feature in Stocko, ATYM is the winner. In my view, ATYM is due a re-rate and will rise. I think it's fair that they might not rise to acieve the same P/E as CAML, with their solid divi policy.

Good luck.

We'll need news or a fund to start buying. With a Beta of 6.9 and the FTSE down even slightly, you can expect a decent drop in CPI. That's just the way it is. For some reason, we're not yet seeing enough PI's stepping in. That surprises me, because the fundamentals are looking relatively solid now.

@JG: I've also contacted the company again. I'm also getting sick of the blatant manipulation here.

@Nacho: As a long-term hold, I am convinced that TGP will do well. Most industrial companies are having serious supply-chain issues at the moment.

Could you please mention the particular Youtube video you are referring to?

After reading the RNS a couple of times and lookign at the fundamentals, this looks 'rock'-solid to me. Plenty of cash, minor/temporary blip in production; classed as Super Stock in Stockopedia:

Quality: 68
Value: 96
Momentum: 67
StockRank: 93

With all factors on the rise.

P/E (12m Forecast Rolling): 5.2
Gross Gearing: 11.8
Net Gearing: -7.74
Net Cash position.

I've double my psition size.

Looks a bit overdone to me. The drop is most probably caused by shorters opening positions. Breakdowns and repairs are normal in mining...I don't see anything long lasting.

You are right - it''s becoming a joke of a share. Too manipulated for most people. I'm getting a bit sick of it myself.

It's not being hammered on nothing - there are significant shorts open. They do this repeatedly. Hammering it, then letting it rise. It's a definite strategy they have. Ideally, they want longs to disappear so they can hammer it down much lower and make a fortune. That's the pathetic game...

@Somnamna: I agree with all your coments. I was oversimplifying things. I appreciate the criticality of the other things you mentioned. I guess what I should have said was that the gold price was necessary, but not sufficient. i.e. even if gold rises, there is no guarantee that CEY would rise and that all of the other things you mentioned are vital.