Learn a bit everyday

Ontario
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LNG benchmark in the making. Coal to gas. Gas to power. Power to intelligence. @abaxx_exchange —> helping price the basis flow-price of energy for machine intelligence across billions of consumers in Asia. Probably nothing. $ABXX.TO #29ers #WorldBuildersOrBust
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NEW @abaxx_exchange LNG Gulf of Mexioco (GOM) Contract Record with Several Hours left of Trading 10/19/26! LNG North Pacific Asia (NPA) Trading Strong As Well. 6,039 GOM Lots - $1.69B = 17 LNG Cargos 3,537 NPA Lots - $1.06B = 10 LNG Cargos #AbaxxUnfiltered #Worldbuilderorbust @abaxx_tech @abaxx_exchange @abaxx_spot @abaxx_labs
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"and developments no one has even speculated on yet—even if they’ll seem obvious in hindsight." I've speculated on a lot over the past 6 years, so this statement is saying a lot. I love how Josh and Abaxx keep investors on their toes; it's a company with infinite possibilities
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Russell Robertson, chief business development officer at @abaxx_exchange , highlighted the interest in critical minerals, particularly in lithium carbonate which is offered as an internationally delivered contract on Abaxx and is benchmarked in China on the Guangzhou Futures Exchange. “While the China Securities Regulatory Commission is internalising products, the biggest challenge remains how to move dollars around and whether international participants want to use the RMB,” he said. With the Middle East conflict, there has been continued disruption in price discovery for oil, energy and critical minerals. “Coupled with rising commodity consumption, investors will buy at a price that’s relevant,” he said. “China has the opportunity to become a controller in price, especially given the change in commodity flow and pricing where buyers are looking more towards the East for price discovery.” @abaxx_tech fow.com/insights/china-shift…
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Great interview @CommodMkt. I’ve been thinking $ABXX.TO is well positioned to help with the future world reserve currency issue for a while as well! Can’t wait to see what the future has to bring. 😊
Replying to @CommodMkt
Listen to our conversation in full below. canoefinancial.com/insights-…
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$5.09 Billion of Gold (GKS) was traded on @abaxx_exchange in today's session. That represents 5-10% of COMEX and around 16% of the LBMA's daily turnover of 30B. These contract spikes have been occurring a handful of times each month in both Abaxx Silver and Gold Markets. In addition to 22% of the exchange volume being outright trades this month over 15% in August (+46% Month-Over-Month), high volume calendar spread days are welcome along with the balanced direction trades of recent months, as more participants onboard to @abaxx_exchange. Joe, Russ, Vish and Team have been making good progress through their India+ road show. It's time for another player in this space and these days show the exchange can handle higher volume flows. The size of futures exchange contracts are significant and shouldn't be compared to retail stock, perp etc trading volumes. See below for info on today's volume. Interesting comment on the last slide about Nodal Exchange. "Today's gold notional alone (not even counting silver, LNG, lithium, carbon) was ~10-15x what Nodal was doing at acquisition ($300M-$500M In Today's Dollars). If this is a durable pattern, the valuation implications for Abaxx are significant." #AbaxxUnfiltered #Worldbuilderorbust @abaxx_tech @abaxx_exchange @abaxx_spot @abaxx_labs @JoshCrumb @JoeRaia5 @DavidVGreely @ru55rob @CommodMkt @LeahWald @TimeTravlrBowie @LukeGromen @anasalhajji @matthew_sigel @42Macro @DariusDale42 @creechescorner @FrankCurzio @CurzioResearch @hendry_hugh @Greenacres1000 @qatarenergy @Cheniere @Shell @exxonmobil @TotalEnergies @bp_plc @Chevron @WoodsideEnergy @Venture_Global @SempraInfra @Petronas @EQTCorp @CoterraEnergy @expandenergy @AnteroResources @Range_Resources @trafigura @Mercuria @Gunvor @vitolnews @NextDecadeLNG @ExceleratNRG @JavierBlas @CorbeauLNG @SecretaryWright @scottmelker @creechescorner
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Karl retweeted
Happy to say that I “MEGA” bought (for me anyway) over 2 years ago and I am holding thru the noise as $ABXX.TO was derisked long ago in my opinion for the very reason @JoshCrumb stated above. Onward and upward. #29ers #Abaxxforthewin #Worldbuildersorbust
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Replying to @he_mowz
Commodity futures benchmarks over the long term aren’t “won” by sellers (price-taking, cheapest-to-deliver sellers), but by the buyers of the curve. None of our competitors with a “Japan Korea” survey index are putting in the ground-level work with physical LNG buyers in “China” that we are—and that road keeps getting harder for US companies compared to Singaporean ones. Much more soon on this front. [btw the stock market may be pricing a 👌 chance of Abaxx LNG benchmark success again, but we’ve lived that for ~6.5 out of our 7 years as a company. It doesn’t mean a darn thing to our commercial team and our continued execution, which brings us closer to benchmark status with the world’s best product each and every quarter we’re still around, building, and expanding the network]
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RT @abaxx_exchange: Abaxx Exchange Reports Record Quarterly Trading Volume and Average Daily Open Interest Q3 volume rose 71% to 1,522,286…
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Replying to @coenjarts
Thanks @coenjarts. Happy Thanksgiving, and I hope you enjoy the day with friends and family. I celebrate in November, but don't worry, we're still cooking.
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Congrats to Gens 2nd round pick Jakub Kuklinski on being named GOHL Prospect of the Week! #GensNation
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Karl retweeted
Shortly before his untimely passing, the late great Mr Stahl had this to say about $ABXX.TO: “Abaxx is speaking loosely, the commodities exchange or a commodity exchange based in Singapore and spent a lot of their time developing the trading systems. And not that many months ago… it commenced trading, obviously, from a very low level. As far as I can tell, recently, from a very low level, their volume is up a lot. They’re trading gold, they’re trading natural gas. There are some other commodities. The volume is up a lot. So it could possibly emerge as a rival to the multi-commodity exchange of India. It’s possible. Just too early to tell. It trades and as far as I can determine, it seems to have a market capitalization already of $1.4 billion… That’s a lot of market value for the level of trading they have. But on the other hand, I don’t want to say it’s outlandish because their growth rate, albeit from a very low base, is not far from 100%.” It seems that its a stock that's on their radar. It would be interesting to see if @HorizonKinetics has done any DD on Abaxx' soon-to-be-launched tech for T+0 USD MMF collateral on the Abaxx Clearing House, their plans to tokenize physical gold and other commodities (stored or in-transit) in a similar fashion... After all exchanges were the original multi-sided network/platform businesses, great fit for a tech fund looking for a play on the market infrastructure needed for the tokenization of commodities. #29ers
Next week I'm going to do a deep dive on exchanges with James Davolos, portfolio manager and head of research at @HorizonKinetics for the @MicroCapClub podcast. This is going to be a great time to have this discussion! $MIAX $ICE $CBOE $CME
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🤣
Hilarious 😆
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How Canadian Police turned comedy into public awareness ~ #Funny #Humor
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Maybe I'll have to update my relationship status too. My wife will not be too pleased! 🤣
Meanwhile, at the pumps...
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A gem that's about to get more expensive. Check out ABXX.TO actively using its NCIB to effectively cancel .62%(213k) shares from the float, and it's only half satisfied. Better get your shares cheap while you can! #29ers
Since I’m probably the worst trader on planet earth, I am officially announcing my retirement from swing trading. I found a gem in $ABXX $ABXXF, so I’m just gonna hold this puppy to $100 and chill. See you on the other side.
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Karl retweeted
Net/Net: Short interest built hard after the June campaign. Tightly held float (management, institutions, Friedland, core retail) plus any/several of the below catalysts is the setup for the squeeze the non-retarded tip may be pointing at. Year-end can rhyme with last year’s move if the blitz lands. Not advice, just the sequence I see. New Degens on the Block: what could possibly be behind @retard3dinvst0r’s conviction on $ABXX / $ABXXF? He posted about a tip from an extremely “non-retarded” person and a position screenshot. Then followed-up with @robert_ivanhoe’s clip talking up the company and has joined the X mudslinging fest with the short-and-distort crowd, with a thesis laying out how this goes to $100 with a giga squeeze. So far so good! How is this going to $100, IMHO? - It’s been several months since the company started audits and internal-control reviews aimed at refuting the fraud/wash-volume/non-customer narratives. Companies under short attack don’t usually go to costly audits, hire legal counsel and fewer still end up suing. From the tone of the 2Q26 call, it appears that we’re on a quiet period until findings hit the board, regulators and lawyers. This feels like some sort of blackout period, which explains the lack of insider buying(?). - Nothing in this process looks existential: I don’t expect anything other than a clean bill of health, with maybe some governance/org tweaks and/or updates to the liquidity incentive programs. The LP tweaks are already evident from lower PM dominance in volumes, tighter precious-metals calendar spreads and more volume divergence across settlement dates. - Once the audit is concluded, the company can go on offense. Core holders (RF, AJ, global financial infrastructure player, strategics, and the rest of the #29ers fam) have not defected, some have doubled down at these bargain prices. Others are in the process or have already rebuilt their positions. Offensive can mean legal, MAS/CIRO follow-through, or simply the facts. We will see. - Consequences? We hope! Singapore (SG) market rules are not soft. My preferred course of action is for @MAS_sg regulators to squash the malfeasant market manipulation practices from taking hold of the narrative about the soundness/integrity of their financial markets. By taking forceful action against the clearly fraudulent allegations made by @viceroyresearch and going after the individuals behind it (@AIMhonesty, @Gabe_Bernarde, et al) they can deliver a strong message. In SG this type of chicanery can land you behind bars, which is my wish for how this story should end. Should regulatory action or lawsuit discovery lead to the uncovering of collusion between hedge funds (here's looking at you @AnsonGroupFunds) and the Viceroy research to fraudulently manipulate the stock, this could end up being a collateral gift for the #MMTLP fam. - News and product flow appears to have been deliberately held back. Late last year the company was hinting at doubling the contracts listed in 2026. We’re not close, so a product backlog seems to be forming. But, what’s the point of launching products when the FCM/Bank onboardings have been muted at least since Yongan? It’s best not let the competition know what’s going to hit them, now that it appears that the CME is taking a second look at these markets. - Waiting for The One: ever since the 1Q26 call when the company dropped that a Tier Global Bank/FCM was committed to onboard, the need to enhance the clearinghouse risk bearing capacity by onboarding such a relevant Tier 1 FCM, with JPM-scale if not JPM itself (remember they moved their PM desk to SG) have continued to build. An onboarding schedule for a leading FCM is around 12 months: we’re approaching the anniversary of the CFTC’s FBoT designation, so we could be close. Fingers crossed! - Mizuho and other China/EU FCMs onboarding should not be too far away. Mizuho has the largest LNG infrastructure lending book and no real method to hedge their risk: it’s no surprise that they started quoting Abaxx’ LNG prices on their LNG newsletters: BIG! - Once “The One” is onboard, we can expect the global energy trading complex to (at last!) start to seriously dip their toes on Abaxx energy contract suite and for Abaxx to release the new contracts on the pipeline. This could lead to a blitz of product, further FCM onboardings, and operational upgrades meant to bury the short thesis (#WinterDays?). - Expanded Trading Hours: 22/5 trading so FCMs and the global energy trading complex can overlap Abaxx energy products with CME/ICE/TTF hours, a must for the Tier I FCM to deliver the goods. - The short-and-distort campaign should’ve failed to halt onboardings. A Tier 1 FCM onboarding should upgrade the clearinghouse’s credit profile and open the door for real energy traders and utilities to test LNG/wind/solar contract suite. Physical LNG cargo to delivery should be the icing on the cake: some years ago (shortly after launch) there was talk about Bank/FCMs vying for who was going to be the first to take an LNG cargo to delivery. I believe a promise was made. - What about MarketOS T+0 collateral at Abaxx Clearing: Personally, the de-emphasizing of the Tech angle (collateral damage from the short attack) was a bit of a disappointment in 2Q26, but completely understandable given the background noise. The first MarketOS license DD (mentioned in the 1Q26 call) should still be work-in-progress and is likely tied to the Tier 1. Remember the scale of Abaxx’ ambition: to launch T+0 USD MMF collateral to become the first Global Exchange clearing energy/commodity trades with its own institutional-grade, yield-bearing stablecoin-style instrument via the Singapore Alta partnership, built on technology ready for 22/5 (eventually 24/7) real-time settlement!! Also remember that the MAS has a dog in the global fight to host the markets of the future: we expect them to be constructive and engaged. - The much-discussed Singapore and Nasdaq listings should open the roster of institutional investors able to buy the stock: they won’t be the only ones that want the OTC chapter closed. While a SG listing is easier; a bigger board is a when, not if, once the company is ready to bear the additional cost and lines up the accounting/reporting ducks. Again, this IS NOT investment advice, do your own due diligence. #29ers @abaxx_tech $ABXX.TO
Got a tip from someone EXTREMELY non-retarded on this one so let’s see how she goes $ABXX $ABXXF
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As an investigative journalist...I like to ask questions: WHO BENEFITS FROM AN ABAXX SHORT ATTACK? Start with the competitive stakes for ICE and CME. Both operate established energy derivatives markets. Meanwhile, new kid on the block, @abaxx_exchange has built and is continuing to build physically deliverable commodity  futures markets that are currently challenging where traders hedge, trade and provide pricing transparency  and who collects the fees. That makes them (ICE and CME) competitors worth examining. It does beg the question who has the motivation to finance and carry out such a nefarious short. Meanwhile, Abaxx keeps growing, reporting record results quarter over quarter. August brought record trading in its contracts for liquefied natural gas, or LNG, strengthening its push to become a global pricing benchmark. Abaxx has publicly disputed notorious financial fake news, Viceroy’s claims, hired lawyers, and asked regulators to investigate possible trading manipulation. Legal council has been retained by Abaxx - as tortious interference by publishing malicious fake news is being addressed. So why should the shorts care? What's the shorts’ problem? A bearish narrative gets harder to sustain when commercial adoption grows.  And its growing.....a lot.  Stalwart and veteran #29ers - the OG's who invested early on with Abaxx, remain vigilant and unwilling to sell, as well as institutional , high net worth , Family Office investors. Their complete understanding of what the CEO, @JoshCrumb and team have built and continue to advance for the exchange and clearing house, is next generation trading and investing.  As the truth and excitement of a next generation platform spreads, the shorts cannot count on frightened longs handing them an easy exit. Rising commercial adoption, efficient prices and limited willing sellers, will make covering their ill advised short positions, increasingly VERY expensive. A squeeze is not guaranteed. But betting on shareholder exhaustion gets dangerous when shareholders refuse to exhaust.  Their knowledge, perseverance and patience of Abaxx is unequaled.   Who profits from Abaxx succeeding is obvious. Who benefits from it being discredited deserves scrutiny. Follow the motivation and money. Demand the records. And like I said, I am an investigative journalist...I will keep digging. $ABXX $ABXXF
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Truth, this gem could be the only stock you'll ever need to buy! #29ers
Replying to @SharesGem
I’m taking a break from swings and am gonna hold this one patiently for a while. It’s a gem.
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