T O P

Premarket Thread for General Trading and Plans for Monday, January 09, 2023

Your markets are run by bots. Now your daily threads are too.

This thread is for plans and thoughts prior to the market open period.

Maybe use this time to read the wiki .

Posts relating to the "Is /r/ASX_bets about finance or effect your mental health?" etc will lead to a ban of the mods chosing. You have been warned.

We have an active official/unofficial discord. It's open to all discussions, stonks related and non-stonks related.

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WadoBJJ87

BAS has been pretty insane last few weeks weeks. Really good day today. Fair value? 60-100MC?


kiwitrade

So what’s the process of getting paid out for ESS? First timer.


nohorncap

You’re posting the the pre market thread. Details in my commentary in my comment or after the u/asx__bot


Samula1985

Am I dumb for buying more RNU today? Buy-side is still stacked.


[deleted]

>Am I dumb we can know for sure in hindsight.


EMHURLEY

insertWHCmeme.exe/feel_like_complete_shit_just_want_WHC_back_at_ATH


HeiPando

Everyone back in the office today for most industries. Wonder how much money will be pumped to meet this months KPIs lol.


Sp4c3Ac3

And cumsex cant keep up with the retail demand. Keeps crashing


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megadrive65

Cowboys is apt !


prestiCH

Time to hop on the Droneshield bandwagon again after being fucked over by management for the last 3 years?


Far_Unit9020

Hard to fault your dd


EMHURLEY

Better than most tbh


[deleted]

ESS TAKEOVER 50c


tsaund1974

I was hoping for 60 but can’t be too greedy.


[deleted]

Such a lowball offer


tsaund1974

They were obviously desperate…I would have thought pioneer dome was worth more than $136 million alone… directors must think their other tenements are crap…


[deleted]

Is it me, or am I seeing a reverse cup and handle pattern on PLS?


WowVeryJosh

Looks to me more like a typical reverse-Stegosaurus wedge to me?


raindog_

'member when UBS slapped a target of $2.80 on them when they were >$5.30 Cunts also had a target of $18-19 on AKE too.


DrizzyDradle

6 month chart looks like a mountain range slowly going up and then slowly coming down, with 3-6 Jan looking like a snake raising it's head while it slithers forward


TrampSwaps

I'm seeing a blue tongue lizard in there somewhere. Very auspicious.


letstestit22

you see what you want to see with TA


Comfortable_Fox1

Green


TrampSwaps

BAS indicative pricing looking spicy AF


TrampSwaps

Looks like we'll hit 0.89 today based on premarket depth. Let's see if we can hold it there.


[deleted]

Was there an ann? Why the sudden buy?


TrampSwaps

No announcement. Lots of anticipation about Santos Beanbush announcements for the nearologists.


WadoBJJ87

Hell nice hey. Bought a chunk of oppies at 0.01… interested to see this play out…


[deleted]

What do neurologists have to do with BAS? Are they going to perform a brain surgery? LOL.


TrampSwaps

NEARology. As in Santos is having success in the area, so people believe anything nearby will also be successful.


TrampSwaps

A 200% gain today would be much appreciated so I can live mortgage free. Thanks in advance.


Alkazard

You forgot a 0 for the rest of us


Aggravating_Set980

Struggling at work this morning.. I am once again asking your help SYA. 50days til production cmon you bastard !!!


WowVeryJosh

Goodbye ESS, you will not be forgotten o7 IGO (Greenbushes) paid $136m for 129,920t of Li2O (50c T/O) equating to $1046/t Li2O. I think many identified it was clear the ESS board never had any intention to take this to mining with the pace they were going


InterestingShow1112

Does this help Surge recover from IVZ?


WowVeryJosh

WR1 got him back into the green from his IVZ loss. He's over in Banned right now.


biowza

I don't really know much about either company but $136m seems kinda...cheap?


WowVeryJosh

I tend to agree, but the resource was done. They couldn't find any extensions and when they infilled it for a higher confidence MRE the grade actually went down. ESS' management took too long into the lithium pricing boom to capitalise on the hot market. I made [this comment](https://www.reddit.com/r/ASX_Bets/comments/105i9ry/comment/j3bb8r2/) yesterday talking in general about the sector: > A good resource will always be noticed regardless of who is managing it. The difference between good and bad management is poor management will likely fail to capitalize on maximizing shareholder return before the resource inevitably gets taken over.


raindog_

I bought in before that dome announcement, hoping for something a bit better - but I couldn't agree more. Since buying it - I've seen management just absolutely sit on their fucking hands. Gotta be aggressive in this market - I think this takeover has always been the strategy, which is fine - but I probably should have read the play before I bought in. Lesson learnt - I'll make something, though small, out of this, which is fine in the current market.


WowVeryJosh

They have a really significant land package too, which I think where the value proposition lies for them, which they failed to explore until only recently. Maybe they'll blend the Pioneer Dome ore with some of the high grade from Greenbushes? Although I'm unsure of deleterious elements in ESS' deposit, and then feed that into hydroxide.


raindog_

50c a share. I would have liked higher, say 60-70 - but I'll take it to be out.


Affectionate_Rip_198

I have a small parcel at 20c, not bad i guess goodbye ESS


t4zmaniak

I might just break even! 😀😅


raindog_

It's not done yet, still needs to be voted in. Unlikely, but there could still be another offer higher.


WowVeryJosh

Yeah I would be watching for MIN or AKE for a potential counter-offer.


t4zmaniak

Now I've read this, I feel slightly stupid for selling at a slight loss for 47.5 Made sense at the time as it's way higher than last week, and I can put the cash towards something else.


WowVeryJosh

Not guaranteed but a IGO offer was not what I expected


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letstestit22

don't bother wasting your time it means fuck all


Polite_Jello_377

https://au.investing.com/indices/australia-200-futures


Comfortable_Fox1

+110 nice!


Polite_Jello_377

Just remember futures don’t always translate into the actual market movements on open


IndoTechno

ESS acquired for .50c. Not the outcome we wanted but a gain is a gain.


Sp4c3Ac3

Vhm - gloves come off for first day of trading at 12:30 going to be a little tantalising for the latest rare earth play filled with big names


Far_Unit9020

Usual pump & dump games over the first week or so likely


International_Ice_68

KLL is up 70% in 5 days for no discernable reason. No announcements or anything. It is a relatively unsexy potash mine. Could be about to dilute shares again?


TogTogTogTog

Pilbara (PLS) and Liontown (LTR) Liked em both, think they're too cheap after the Jan 3rd drop, thinking I'll put 5k in each. Pilbara is expected to do a 30c div too.


SunkDestroyer

Yeah I’m thinking about chucking 10k at PLS.. they are looking juicy right now


TogTogTogTog

I'm now skipping LTR. They aren't doing anything but building this year, so I'll keep an eye on them and invest later. I think PLS will have better returns, they're more stable, and I believe they will do a $0.3c div. I'm expecting them to be $5 in 6 months. LTR I keep flipping on, they look good, I could have gotten them in July for $1 and I didn't lol. I was chatting to my local beer guy, his advisor had them put 20k in LTR and that would've been 1-2 months ago at $2, feels bad man.


WowVeryJosh

Long Term Relationship


[deleted]

Agreed. Wish I had 10k spare ATM Also, that's like a 7.5% div; big, if true


TogTogTogTog

Literally looking at them now and comparing if PLS at $4 (expected 30c div) and/or LTR at $1.40; wondering if I should split or double-down. PLS is generating $, they readjusted their Lithium offtake with Tesla to market rates (yay), and the expected div makes them very attractive. LTR is slightly ahead but won't start producing $/lithium till 2023/4. The closer they get to production though, the closer they'll get to \~$3-5. Granted, lithium will flux this year before demand/production/cost starts to settle for 2024, so might try and snipe Liontown when there's a lithium glut/dip in the market, probs after June/EoFY.


Far_Unit9020

>PLS is generating $, they readjusted their Lithium offtake with Tesla to market rates. PLS renegotiated their major contracts recently which is a big positive, but I don't think they have a contract with Tesla? I hold PLS but admit I'm not across all details, big amounts of money just come through the door. PLL recently renegotiated spot-price with Tesla, and LTR have an existing offtake with Tesla also linked to hydroxide pricing. I expect LTR will be producing first-half 2024 CY.


TogTogTogTog

Yeah my bad, getting confused as I frantically check before open lol. Edit: Also, you'll stop buying please. At 9am PLS was 360k ahead at $3.96. Now it's 1.7mil.


TogTogTogTog

Management announced in Nov 22 that the board is looking for a Dividend payout ratio of 20 to 30% of Free cash flow from FY 23 (expected that Free cash flow for FY is likely to be above A$ 3 billion). A dividend of 30 cents is expected for FY 23. **I** expect an interim dividend of 10 cents will probs be announced with half-yearly results. *1 Free cash flow is defined as statutory cashflow from operating activities less tax paid/payable less sustaining capital less capitalised waste mine development* Pg.35 [https://newswire.iguana2.com/af5f4d73c1a54a33/pls.asx/6A1122751/PLS\_PLS\_2022\_AGM\_Presentation](https://newswire.iguana2.com/af5f4d73c1a54a33/pls.asx/6A1122751/PLS_PLS_2022_AGM_Presentation)


[deleted]

Wow, that's a monstrous dividend.


Ok-Bar601

Mixed bag on offer today, couple of possible standouts (Neuren)


Polite_Jello_377

Mixed bag, cocaine and ket


Imaginary_Gas_409

Calvin Klein


Any-Cow-8383

All in on Creso Pharma...


Massive_Button9434

Possibly Nurofen


retrodude26

MAY!! Let’s keep on going!!


-V8-

I funking hate how the ASX dives on a Thursday because the US shit the bed. Then, the ASX is cleaning the shit on Friday. But Friday then rolls around in the US and they've bought a whole new bed only for us to be left out to dry said shit sheets for the whole weekend. Some cunt better make my bed 10:00 am Monday morning, or I'll shake my fist at the clouds!!


Sharp_Pride7092

Buy on a Thursday lunchtime. Sell on a Monday "smoko" time. DYO rolling 'brah. Yo.


mechengguy93

Automod putting in the work tonight


username-taken82

Auto-mod is playing search and destroy with HC infiltrators…


paulm1927

To be fair, HC is playing bitch and ignore with the r/ASX_Bets ~~infiltrators~~ shitposters.


BeardFactory

Only just saw those +2% futures. Time to refill the bag of copium I need to huff


The_Purple_Eagle

Thats from Friday, futs are closed currently


mechengguy93

Quiet you


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ewanelaborate

If you haven't seen dysons air cleaning noise cancelling headphones count yourself lucky. The future is bleak


Meaty0gre

Yolo Dyson?


Vitamin-D_

All ords to finish above 7400 tomorrow or a week in the slammer. u/username-taken82 u/mcfucking


ItsPazzaa

You know you can just ask to be banned right?


Sharp_Pride7092

Lacks the masturbatory sensation.


username-taken82

Sold. Got this one u/mcfucking


mcfucking

🙏


WadoBJJ87

Expecting a continued run with BAS this week ahead as we draw closer to an announcement from STO about PEL182- potentially a 21TCF a bit of a wild card but let’s see what happens!!


hatetospoog7

Held BAS for over 7 years LOL..It better deliver


alllrandom

That's some mega patience. Good luck.


shitcoinsgoup

What kind of monster am I working for? Meetings set for 9:30am and 10:am on monday. How am I supposed to focus on the markets? Considering chucking a sickie.


[deleted]

When do you take a shit after the morning coffee?


Rum-Ham-Jabroni

I'm a 7:45 man myself. It's like my ass knows I'm almost at the office.


Far_Unit9020

Any employee that attempts to schedule 9am meetings should be bot-fired on the spot 🤐


[deleted]

How do you know you have meetings? That was your first mistake.


Best_Welder_1119

They are so inconsiderate. If they could just pay me money and leave me alone that would be great.


throw23w55443h

Wednesday 11am Q4 CPI, consensus apparently 7.3%, I suspect markets are pricing in that November 6.9% in more than a 7.3% - so a 7.3%+ probably doesn't bode well and could trigger some pretty big downside. That said anything 6.9 or under will probably be rockets as the fundies and media are already pressuring old lowe to pause or do a mini 15bps and this would embolden that view.


[deleted]

There’s no pause - 25bps is as good as done


throw23w55443h

You sound as sure as the people who locked in 50 when they first dropped to 25. Our RBA are the most dovish of all central banks and even had pause on the table last meeting according to their notes, its not off the table this meeting. Implied rate is 3.2 for feb, so not baked in there either. If CPI comes in very cool im not gonna be shocked at a 15bps or pause in feb at all considering their history.


[deleted]

If that’s the case then what RE stocks look good?


YouHeardTheMonkey

11:30am non-Radelaide time


Adjuchas87

Topped up on PLS last week Now just need to wait for their next earnings report


Razorzej

When are PLS going XD for the first time?


sneakycutler

That’s our signal to sell boys


biowza

"The best time to sell PLS is never" - Winston Buffay


Sharp_Pride7092

I like his reggae choons !!


Adjuchas87

No no.. if he sells, I buy more! More!


SunkDestroyer

Epic weekend catching and cooking up fresh abalone 🤌🤌🤌. Now let’s see some mullah!


flatblade3mm

[mullahway](https://imgur.com/a/iLma3qm)


SunkDestroyer

Good eating?


flatblade3mm

Top of the list


kervio

Did you catch that? If so then well done, those fish are a pain in the ass to catch.


flatblade3mm

Not that one but have caught one night fishing before. Good fun bringing it in before the sharks get it.


kervio

Beach? Boat? Shore? Good job!


flatblade3mm

Boat


Spare_Database3053

Catching they don’t move very fast


SunkDestroyer

Chicken of the sea


sneakycutler

Welcome back to the Casino boys 💸🤑


Take1tez

"Will we all make money on Monday or will Barry defeat our dog shit stocks once and for all ? Find out next time on Dragon Ball Z!"


Mattyjjay

You should get all your stock advice from the aerobics girls pre 7 Any of the shows on cheez TV are just left wing propaganda


shitcoinsgoup

🐉🥎🇿


rhp85

TMR went into a trading halt on Friday pending the release of significant assay results. I’m hoping the drill hit so much gold it counteracts all my other poor performing investments- I’m looking at you IOU!


ChartsnFarts

WR1 Chart and fundamentals looking the goods. Could see $2 + real quick.


Esquatcho_Mundo

Dunno why the downvotes. It’s the new LKE!


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WowVeryJosh

Because they're a HC retard. Look at their 1 other comment in their profile, which got clapped by AutoMod. 7 hour account which only commented on the 🤠 post. Successful bait taken.


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Esquatcho_Mundo

Lol, thanks for the heads up 😂


YouHeardTheMonkey

PumpsnFarts Edit: Automod to the rescue!


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Known_Signature7341

Sharts


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Mr_X2017

# GREEN FUCKING MONDAY !!! Yeeehawww


shitcoinsgoup

Buy at open, cry at close This is the way


Mr_X2017

Hold at open, cheer at glorious green close. Wonder why you didn’t sell the next deep red day.


Not_Today_M9

I prefer to buy high sell low


BeardFactory

Started a new job for an asx company last week and their policy mentioned something about only being allowed to buy shares on dates around the AGM. I’m confused how this is different to just pumping the stock


Markma1989

Which company ?


hullafc

Probs Myer


BeardFactory

Haha that would be a foolish thing to publicly reveal


Polite_Jello_377

They didn’t say anything about selling right?


BeardFactory

Only about not shorting the stock


Maleficent_Ad_1982

Let me know when to buy thanks in advance


poptartape

Depressed as fuck today. Need ASX to make me rich


Not_Today_M9

Then you can be rich and sad. So far all i have is sad


Rosencrantz1710

Look at you, half way to achieving your dreams already!


poptartape

Accurate


Markma1989

Maybe next year then.


ghosterkanxx

New to this sub and keen to hit 23 running hard. I’ve traditionally only invested in boomer stocks which on average nets me ~10%+ (CBA/QAN) but at 31 I’m keen to start taking more risks for reward. What’s your top stock suggestion.


hatetospoog7

AZY-big year for gold


nohorncap

ANL. It’s everyone’s top stock suggestion on asx_bets. Nothing ANL can’t do.


Sunvmikey

MAY even after the last months pump I feel like it has alot of upside to go especially if appraisal in late Feb / early march is good


shitcoinsgoup

How deep are you now, 4 mil shares?


Sunvmikey

2.7m plan on adding another 200,000 - 300,000 Monday then I'm done buying for a while. It would be nice to own 3m shares depends on price tho


shitcoinsgoup

You've done well, any particular sell target price set? My first buy was at 15 cents 🤡 averaged down but that really hurt when i down ~70%


Sunvmikey

I am happy to hold for a long time (a year or two lmao i am a short term trader) if the appraisal goes well. My hope is if the appraisal goes well MAY recently hired a lawyer experienced with mergers / acquisitions. If a big oil company like EXXON / CHEVRON etc came and bought them out (completely possible this is the biggest appraisal in over a decade) I could see 50c easily. $1 is absolutely dreaming but its astronomical gains are possible when acquisitions come into play. Long story short probs sell half if it gets to 50c and buy a house and be very very happy and slowly sell from there if it continues upwards


shitcoinsgoup

$1350000 😎 Can you adopt a grown ass man?


Dazzling-Economist94

Not my top suggestion, but if you are feeling a higher risk appetite then LRD for sure is a nice pick. $6.32m market cap speccy looking for lithium (very close to a big boy on the asx). Due to drill soon after finding lithium anomalies in the area ;)


WowVeryJosh

[This is the Google doc with everyone's 2023 pick of the year](https://docs.google.com/spreadsheets/u/0/d/1RYHGpB11ouBpyV2cLIq15GRt7SnKldoSvxYoO3o5O0Y/htmlview#gid=0). Obviously nothing in there is financial advice and there's about a 95% chance we underperform the market because we have about 70% of the whole portfolio allocated to speculative mining.


Mr_X2017

Gimmie PSC plz. I don't trust forms with my google email.


WowVeryJosh

You're in.


Mr_X2017

Thanks! 🙏


WowVeryJosh

Motherfucker. You had ALL week and now you want to tell me after I closed it? ^(fine)


shitcoinsgoup

Add a sort filter for row 1 please


WowVeryJosh

I think you should be able to input temp filters yourself if you [click this button up the top left](https://imgur.com/a/qP82CXQ)? Can you report back


shitcoinsgoup

I believe you made the google sheet view/read only so we cannot make any changes. Or maybe my google sheets is fucked (firefox)


WowVeryJosh

That was on another browser with no login, otherwise I'll try mess with it after. I just don't know what level of input I can allow without someone trying to fuck with the sheet


YouHeardTheMonkey

u/TrampSwaps CRYP? Please explain.


TrampSwaps

We're here to gamble aren't we? It's got some good exposure to US tech, it's like a NASDAQ without all the shit. It's got paypal, visa, intel, IBKR, iris energy etc. Then it's got super conservative indirect crypto exposure, which I believe will increase by the end of 2023. It's perfect for this.


YouHeardTheMonkey

Fair. They’re all pretty small allocations in the portfolio though. What about the bigger holdings? Galaxy, riot, coinbase etc. they’ve all been ripped lately.


TrampSwaps

This isn't the place to get deep into crypto chat, but I might do a DD post on CRYP in a few weeks to show why I think it's a good gamble on the ASX for anyone wanting to diversify away from mining specs but still keep similar upside.


YouHeardTheMonkey

I might read it and average down.


Sunvmikey

Personally think crypto will see more downside by the end of 2023. I'm waiting for tether to implode before touching it


YouHeardTheMonkey

And another 10% in speculative pharma/biotech.


WowVeryJosh

I'll see if I can figure out a way to pull what companies have reported a positive EPS to work out just how speculative this list is.


TrampSwaps

This is epic dude. Nice spreadsheet skills.


YouHeardTheMonkey

((AKE + PLS)/total) x100


kervio

Check recent posts, wowveryjosh is running a thingy qhere everyone picks a stock, so there's a tonne of suggestions in there.


throw23w55443h

Start small, there's some good stuff on here but its mostly memes and gambling.


Mysterious_Value_764

Roll the dice in this Casino my friend.


Aussiekal

Rnu


coastie_trader

Oh dear. A word of advice. Maybe invest in the bottom stock suggestion here


alllrandom

Bottom stock? Yep it's another vote for ANL.