It’s definitely very interesting. I’m happy I didn’t sell initially as I’m waiting for my cgt discount to come into play which it almost has. I do wonder if it could be IGO buying up or if it someone else that is factoring in a higher bid? Not sure but a 52c close like you say deserves 🤨 emoji lol
HC boomers have infinite time to understand the intricacies of how their biotech stonk will kill cancer and make a billion bags, and how neural network technology will take over the world making investors richer than Gates, yet can't understand the reasons a share price can go down.
It's really quite incredible.
Hoping this is the case with MAY there seems to be no reason for this big a drop so close to appraisal off no negative news unless there is manipulation
May would have some nervous people in profit - won't take much to snowball down if some cunt with too much money wants to play.
Otherwise it looks pretty solid
Here's what you need to do:
1. Write down upcoming catalysts
2. Look at similar lithium peers
3. Track large institutions buying and selling
4. Examine assay data
5. Calculate and quantify tonnage estimates off drill results
6. Look back at what the MD was doing 182 months ago to work out if they have what it takes to take the deposit to production
7. Shitpost on Hotcopper
8. Look in the mirror and remind yourself you have no idea what you're doing
9. Compile the information to sell at the top
I was optimistically targeting a 4 bag (similar avg price to you) but after seeing what pmet hit recently, who the fuck knows. Buckle up and enjoy the ride
You’d at least hold till MRE, they’re aiming for mid year. At which point you’re more than halfway to CGT discount. I reckon we all buckle up as the sad dog doctor has said.
Yeah 13% rally off announcement will hurt me. Nothing stopping you bulls for at least a week. I got burnt a little.
Sub $3.40 was always an ask but $3.60 allocations were good. Hang Seng and Shenzhen Exchanges are bouncing.
[edit: Monday will be interesting seen where volume at the end of the day will go. Assumption a lot of T+2 covers and re buys for another rally at 10:20.]
No shorts. Was committed to adding more lower. Holding cash allocated for that still. Around 60% still of what I wanted to spend. So that is what meant by burnt.
Too many people had massive piles of cheap or free options, going to be a long slow burn until it’s churned out. Positive news in appraisal is all that matters now. Day to day is irrelevant if you’re not swing trading it. Although if you were swing trading for the last 2 years MAY would be one of the most successful out there
OK tell me. Did ANYbody here have a red day today?! I feel it was hugely green for everybody.
(I hope it was!!). Days like this keep me in the game…….build the gains so they can get taken rather than my capital 😂
Shiiiiit all in on that kind of play is……ballsy.
I dont understand these plays so i get in and out. Ive been in and out of May couple times and got out of IVZ for a bag. Am however bagholding EXR from my earlier days but its 2% of my PF.
Im not all in its just the only ASX holding i own. I also own SLV on wall street but I dont expect big gains from that and have substantial savings to put into american growth stocks / crypto when the time is right. Only reason MAY is the only ASX holding I own is because of the potential if the appraisal goes well I didnt see much else beating it
I think with T2 you gotta be prepared to leave some on the table. My theory is that i need to sell it at a price that makes me money but a price that could ALSO make some other trader money so that they buy mine and i dont end up stuck “investing” if that wasnt the plan.
2% of my account cause I usually have stops at a 1% loss. Then I get greedy and think "Wow this is pumping. I could get more!" and get stopped out for a loss when it comes back down.
I just added EFE - it looks like there was some active a year ago before a pump and dump and 52-week lows today after year another dump, but also some options conversions.
DD [here](https://www.reddit.com/r/ASX_Bets/comments/qehcr1/asx_efe_east_iron_ltd_lithium_copper_iron_ore/) and another one [here - is this the next CXO](https://www.reddit.com/r/ASX_Bets/comments/pjkah4/asx_efe_could_it_be_the_next_cxo/)
Smart move or just added another useless speccie to the ETF - lets see but shouldn't be down -77.63% like the sp right away
brother please tell me you have considered:
* the latest assay results (they have huge pegs that are almost completely barren - consistently 1-3m wide mineralised zones out of like 50+ metres and averaging 0.1% Li2O)
* they drilled phase 2 locations before assay results were back from phase 1????
* the drama with the chairman calling shots at the AGM over the geos
* MCs involvement and the fact he can buy Trigg Hill back for $1 after they swiss cheese it
* how fucked their announcements are for unscrupulous writing (quoting significant spodumene in a hole but not telling the market this only applied to a 2m section without a 70m hole)
* There's probably some fucked conspiracy about Yahua using EFE as an investment vehicle to dodge FIRB approval into gaining access to aus spodumene
I'm not saying you can't make money off this dog (I did, I unloaded bags onto some poor cunt last year who is probably down 90%) but long term this is going to zero unless they find something with genuine potential
Imagine buying a stock thinking you’ve made a great decision doing some DD, sitting back and smiling as you receive the buy confirm email.
And then posting to reddit still smiling.
Then you get wowveryjosh replying to you with “please tell me you have considered”.
… next minute you’re sucking dicks under the overpass.
I read some stuff, HC seemed 50/50 good/bad
Mainly it was due to being 52 week low and they have still got some $$ so no imminent CR and once the options expire at the end of the month, I would expect some upward movement 🤷♂️
Assay didn't seem that bad - but im no expert.
Hmm Trigg hill is not 100% now there's?
Not a big gamble
Returns from my portfolio today: $30 (off $42k)
Returns from playing the pokies today: $100 (off $20)
That's it, I'm selling portfolio and putting it all on the pokies. I can't see how this could go wrong.
I hope u are right. Im really not liking rare earths as an investment at all. Its beyond my patience. And the one i almost put money in then didnt cos they have had their announcements on repeat for 10 years…….THAT is the one Id have triple bagged on by now. Of course. 🙄
I totally understand as REs are the slowest mowers in my portfolio - I think the MLA for Q1 will be great for IXR and worth waiting for if you need an exit strat
I DID like them bigly once. I still like them…… i just dont think they suit my investment patience levels. But ive held so long now i couldnt let go cos when/if it goes id never get over having held for so long and so red to miss out 😂
No i did not. I was still brainwashed by this “time in the market not timing the market”.
These days im all fuck that shit sometimes u gotta go with the timing too and it works better for me.
>Fucking hell. Pulled $16k out of WR1 @ 20c. One of my biggest trading regrets. That, and averaging down on AL3. 2023 is the year I bury these memories
Not the same person but last update for this poster was 2 weeks ago for $132k. It would now be worth $172k 💀
Other person: [https://www.reddit.com/r/ASX\_Bets/comments/yvkivr/100k\_into\_wr1\_lfg/](https://www.reddit.com/r/ASX_Bets/comments/yvkivr/100k_into_wr1_lfg/)
I like that you think retail investors will make any difference to the stock price of BH fucking P.
If I did my maths right, they traded about $590 million yesterday.
**Weebit (WBT**) sell volume really thinning out now.
Commsec has just 185,000 units listed under sell orders, with a daily average for last week of over 1.1mill volume traded/day.
With only **175million listed shares,** 11% held by insiders/institutions, and 35% (61mill) held by top 10 shareholders, there really isn't a lot to available to go around.
I imagine any retrace will be bought up quickly. Hopefully continue to see this very strong accumulation and holding pattern 📈💪💲
YELLING FROM THE ROOFTOPS:
[FFS DO YOUR INTERNATIONAL TRADING WITH IBKR, PEOPLE!](https://www.reddit.com/r/ASX_Bets/comments/yabsxf/us_trading_fees_cheat_sheet_tldr_use_ibkr/)
I grew up on r/ausfinance and worshipped at the altar of passiveinvestingaustralia.com
Old habits die hard. I will put my hand up as being more of the more leotarded amongst us who got scared shitless getting an "alpha" designation with cmcmarkets.
It's meant to be a good thing. It's the wake up call that I needed, methinks.
Just use IBKR
US trading fees small compared to the overpriced ASX. All Aus platforms bend you over on the exchange rate anyway so those no fees on US trades is just a misdirection.
All my dogs are barking today, haven’t seen this much green in over a year. Does it mean I can ignore the fact I’m still red overall? I’m doing it anyway so don’t answer
Capex change $422M
Raise $422M at $1.30 = 324M new shares
Current Shares: 2.196B
New shares with $422M raise = 2.521M
SOI change: 14.7% dilution
Share price change: -12.3%
Coincidence? This is assuming they would have to CR - I doubt it, but there could be some method to the share price madness
Well maybe not as disproportionately as I thought.
There is this though:
As noted above, the Company will also continue to investigate the potential for generating early revenue from the DSO opportunity and the impact that this may have on the level of future funding required.
2.5Mtpa to 3Mtpa = more SC = more available offtake? I haven't even looked if this changes anything but surely there could be more offtake for some funding + throw in some early DSO + maybe an ESG fund is willing to come to the table with debt + throw in a $100M CR
I don't think its as bad as what the market is implying but its food for thought. they're big enough they can easily absorb this but they need to decide if they need to do it now or soon while Li2CO3 prices are high, or do they risk waiting until end of the year when prices may not be as high, and respectively the LTR share price
They should have results for Buldania out over the next quarter. Proving a 30Mt+ deposit there could help boster the share price - or they could even choose to sell it off, assuming they find more:
* IGO paid $1046 per Lithia tonne at ESS
* If LTR can find 25Mt @ 1% + Ta credits they might get $1050 let's estimate
* Buldania could be worth $250-300M
Or they could farm-it out to MIN who have a JV on the tenement next door
When the fuck is it my turn!!!!!
Sir, this isn’t a bukkake party
Do not google this. Especially if you are at work on the corporate network 🤡
First time bukkake viewer?
Is this related to wakawaka?
Long time listener first time caller
ESS takeover offer: 50c Current price: 52c 🤨 Scoping study next week. Let's see MIN/GF, AKE or PLS throw a deal down when it gets released.
It’s definitely very interesting. I’m happy I didn’t sell initially as I’m waiting for my cgt discount to come into play which it almost has. I do wonder if it could be IGO buying up or if it someone else that is factoring in a higher bid? Not sure but a 52c close like you say deserves 🤨 emoji lol
https://www.reddit.com/r/ASX\_Bets/comments/10gp8i3/onions\_above\_or\_below\_the\_sausage/
HC boomers have infinite time to understand the intricacies of how their biotech stonk will kill cancer and make a billion bags, and how neural network technology will take over the world making investors richer than Gates, yet can't understand the reasons a share price can go down. It's really quite incredible.
Price goes up because fundamentals. Price goes down because fundamentals attracted the big instos who want to accumulate low.
Hoping this is the case with MAY there seems to be no reason for this big a drop so close to appraisal off no negative news unless there is manipulation
May would have some nervous people in profit - won't take much to snowball down if some cunt with too much money wants to play. Otherwise it looks pretty solid
Would've been a green Friday if it wasn't for that meddling LTR
can someone explain to me why there is a jump on exr at the close? is it some one trying to make their weekend feel slightly better?
100% Insto manipulation reverse treeshake
into a revert manual nollie to darkslide grind, with a 180 melon grab to kickflip exit combo.
Nose manual to 180 heel flip to nose manual to 180 kick flip to manual to warehouse wall walk
wbt stronk 💪
u/particular_love_8811 $90,218 today - where you at? Edit: and 17 cents
you are killing me by 3.7k
I can't see it lasting unfortunately. Need a miracle from WWI
Red Monday and Tuesday then 3 days of green to end the week. Up $81 dollars from last Friday. Flat week for me.
17 shares of Z1P by the end of the year
Up 97% on my WR1 buy. What’s the play boys. Am I looking at a 5 bagger or are we texting rockshow ?
Here's what you need to do: 1. Write down upcoming catalysts 2. Look at similar lithium peers 3. Track large institutions buying and selling 4. Examine assay data 5. Calculate and quantify tonnage estimates off drill results 6. Look back at what the MD was doing 182 months ago to work out if they have what it takes to take the deposit to production 7. Shitpost on Hotcopper 8. Look in the mirror and remind yourself you have no idea what you're doing 9. Compile the information to sell at the top
Step 8 - most important one there
If you have one what would be your opinion on this stock ??
I just like the stock
Haha, the Aussie 'Roaring Kitty'!😺🤣
Thanks bro appreciate that 👍
I was optimistically targeting a 4 bag (similar avg price to you) but after seeing what pmet hit recently, who the fuck knows. Buckle up and enjoy the ride
Sounds like a plan !
You’d at least hold till MRE, they’re aiming for mid year. At which point you’re more than halfway to CGT discount. I reckon we all buckle up as the sad dog doctor has said.
Man, I love having WHC & PLS as 95% of my PF
When they are good they are great🤣
Take screenshots and post over at ausfinance - *beating the bank*
and saving the environment with your net positive ESG outcomes
PLS becoming an absolute Chad Stock. Add to that RNU and AVL having a little job today and it’s been a cracker of a day.
I read this and assume you meant a jog not a blow. God dammit just writing about it makes me want one
Yeh meant jog, bloody autocorrect. I’ve got a date tonight so the other may still happen yet.
Yeah 13% rally off announcement will hurt me. Nothing stopping you bulls for at least a week. I got burnt a little. Sub $3.40 was always an ask but $3.60 allocations were good. Hang Seng and Shenzhen Exchanges are bouncing. [edit: Monday will be interesting seen where volume at the end of the day will go. Assumption a lot of T+2 covers and re buys for another rally at 10:20.]
If you stuck to your original buy price of $3.70 you'd have enjoyed today a lot.
For sure if I did the full $100k. [this](https://ibb.co/mBHJVMK) for 2 weeks would be nice
You actually hold a short position? Brah why hang on when it looked so bottom-y…
No shorts. Was committed to adding more lower. Holding cash allocated for that still. Around 60% still of what I wanted to spend. So that is what meant by burnt.
EXR with a nice close.... Signs of news coming next week
Can only hope. Chart looks like it's due for an uptrend, but big sell pressure lurking.
It closed down ? Edit: apologies up it is 👍
Well holy fuck, my PF lifted +9.3% today, appears commodities are back on the menu!
Wow?! What are you holding?
Near equal $ values of PLS and HCH. 🔋⚒️😃
His erect cock
Dang thats HUUUUGE!
That's what she said
My retartedness forever making CBA shareholders rich https://imgur.com/a/hoKvy2p
Still -40% on MAY. This fuckin stock.
Too many people had massive piles of cheap or free options, going to be a long slow burn until it’s churned out. Positive news in appraisal is all that matters now. Day to day is irrelevant if you’re not swing trading it. Although if you were swing trading for the last 2 years MAY would be one of the most successful out there
OK tell me. Did ANYbody here have a red day today?! I feel it was hugely green for everybody. (I hope it was!!). Days like this keep me in the game…….build the gains so they can get taken rather than my capital 😂
Down 5.75%
Ouch dang !! LTR or something else for you?
My only ASX holding is MAY. I'm still confident it will pay very well in the next few months
Shiiiiit all in on that kind of play is……ballsy. I dont understand these plays so i get in and out. Ive been in and out of May couple times and got out of IVZ for a bag. Am however bagholding EXR from my earlier days but its 2% of my PF.
Im not all in its just the only ASX holding i own. I also own SLV on wall street but I dont expect big gains from that and have substantial savings to put into american growth stocks / crypto when the time is right. Only reason MAY is the only ASX holding I own is because of the potential if the appraisal goes well I didnt see much else beating it
Barry fucked me. -0.57%
Better luck Monday!
as someone with LTR as their biggest holding, yes, yes I did have a red day.
Poor one out for my homeboy
Ooof.
Green for anyone with lith! In lith we fucking trust bitches
*cries in LTR*
🤣🫠🫣 WR1 sir.
I'm up 3.71% so far but lets wait and see what Barry decides to do before calling it
aaaaand down to 2.87%, but still green
PLS love you long time ❤️
What level of profit do you usually look for when doing a T+2? My current method of as much as possible doesnt work as well as it could...
I think with T2 you gotta be prepared to leave some on the table. My theory is that i need to sell it at a price that makes me money but a price that could ALSO make some other trader money so that they buy mine and i dont end up stuck “investing” if that wasnt the plan.
Enough for a Zinger box
I’m a few months into my first T+2 with no profit in sight.
T2y that called 🙊
This guy T+2’s.
2% of my account cause I usually have stops at a 1% loss. Then I get greedy and think "Wow this is pumping. I could get more!" and get stopped out for a loss when it comes back down.
Two functional knees after all trading is settled.
That lithium Yoda resolute is an absolute mung bean
Another senseless ramper without any substance...
LTR overreaction sell - yum
Was that you with the $90k pick up?
Geeze there are some chunky trades going into the auction.
I just added EFE - it looks like there was some active a year ago before a pump and dump and 52-week lows today after year another dump, but also some options conversions. DD [here](https://www.reddit.com/r/ASX_Bets/comments/qehcr1/asx_efe_east_iron_ltd_lithium_copper_iron_ore/) and another one [here - is this the next CXO](https://www.reddit.com/r/ASX_Bets/comments/pjkah4/asx_efe_could_it_be_the_next_cxo/) Smart move or just added another useless speccie to the ETF - lets see but shouldn't be down -77.63% like the sp right away
brother please tell me you have considered: * the latest assay results (they have huge pegs that are almost completely barren - consistently 1-3m wide mineralised zones out of like 50+ metres and averaging 0.1% Li2O) * they drilled phase 2 locations before assay results were back from phase 1???? * the drama with the chairman calling shots at the AGM over the geos * MCs involvement and the fact he can buy Trigg Hill back for $1 after they swiss cheese it * how fucked their announcements are for unscrupulous writing (quoting significant spodumene in a hole but not telling the market this only applied to a 2m section without a 70m hole) * There's probably some fucked conspiracy about Yahua using EFE as an investment vehicle to dodge FIRB approval into gaining access to aus spodumene I'm not saying you can't make money off this dog (I did, I unloaded bags onto some poor cunt last year who is probably down 90%) but long term this is going to zero unless they find something with genuine potential
Imagine buying a stock thinking you’ve made a great decision doing some DD, sitting back and smiling as you receive the buy confirm email. And then posting to reddit still smiling. Then you get wowveryjosh replying to you with “please tell me you have considered”. … next minute you’re sucking dicks under the overpass.
Yeah that's rough.. Which overpass though?
I'll let you know once I find my spot 😭
So taking it well then
I read some stuff, HC seemed 50/50 good/bad Mainly it was due to being 52 week low and they have still got some $$ so no imminent CR and once the options expire at the end of the month, I would expect some upward movement 🤷♂️ Assay didn't seem that bad - but im no expert. Hmm Trigg hill is not 100% now there's? Not a big gamble
For me……if HC is anything less than 80% positive…….I take it as a bad sign 😂
Poor little BHP fighting so hard to push through $50
We're through lads
Is that ATH?
I believe so, after you considered the demerger last year.
BHP is the little train that could
Returns from my portfolio today: $30 (off $42k) Returns from playing the pokies today: $100 (off $20) That's it, I'm selling portfolio and putting it all on the pokies. I can't see how this could go wrong.
brb buying stock in Aristocrat Technologies / Aristocrat Leisure Limited
Well i have worked all day and been unable to log i ……..wow what a day. I need more like this!! IXR is REALLY letting the team down though!!
Just needs some news and updates and it will retrace - Q1 2023 baby. Just two more months.
I hope u are right. Im really not liking rare earths as an investment at all. Its beyond my patience. And the one i almost put money in then didnt cos they have had their announcements on repeat for 10 years…….THAT is the one Id have triple bagged on by now. Of course. 🙄
I totally understand as REs are the slowest mowers in my portfolio - I think the MLA for Q1 will be great for IXR and worth waiting for if you need an exit strat
Why are you in ixr if you don't like rare earths?
I DID like them bigly once. I still like them…… i just dont think they suit my investment patience levels. But ive held so long now i couldnt let go cos when/if it goes id never get over having held for so long and so red to miss out 😂
IXR went to 10c not too long ago, surely you could've gotten out then?
No i did not. I was still brainwashed by this “time in the market not timing the market”. These days im all fuck that shit sometimes u gotta go with the timing too and it works better for me.
Where’s that highly regarded chad that went 100k on WR1 in October?
The 🐐
>Fucking hell. Pulled $16k out of WR1 @ 20c. One of my biggest trading regrets. That, and averaging down on AL3. 2023 is the year I bury these memories Not the same person but last update for this poster was 2 weeks ago for $132k. It would now be worth $172k 💀 Other person: [https://www.reddit.com/r/ASX\_Bets/comments/yvkivr/100k\_into\_wr1\_lfg/](https://www.reddit.com/r/ASX_Bets/comments/yvkivr/100k_into_wr1_lfg/)
I remember the post, he bought at 74c so just about nudged 200k paper today, hope he’s still holding
Woohoo, I'm famous for my bad decisions!
Pull out game too strong.
Rocking a paper gain of $109k. First ever 6 figure gain wooooooop!
lets fucking go mate. huuuuuuuge!
Oh yep! I always had a price target of $2 but I'll hang on for $3 me thinks.
If you follow the specials on HC, it’s going to $7 in April. Should see $3 easily before MRE anyway. Not financial advice DYOR GLTAH on ignore you go.
Haha I do lurk and follow on. Full of insto's downramping.
Always have an entry and an exit plan 👍
Mega! You still holding?
RNU woke up today and chose ~~violence~~ jogging. It chose to jog. Until 4:10pm.
Finish on weekly high in the auction hopefully please Barry
Have to settle for closing at daily high
Let’s forget Mondays high…. 4 day high yeah yeah!!!
I don't mind if WR1 wants me to cup its balls for a little longer. It's ok.
Selling BHP at 49.99 is unaustralian.
How about @ 44 👉🏻👈🏻
[удалено]
I like that you think retail investors will make any difference to the stock price of BH fucking P. If I did my maths right, they traded about $590 million yesterday.
[удалено]
Sure, where's your evidence that institutions say they 'want to sell @ $50'? I'm all ears, genuinely.
Alright own up. Which retards did a Friday T2 on a speccy O&G nearology play who already ran 70% the day prior ?
Me
Love it
This is what multiple red days do to me. I wanna win too
This is shaping up to be a horrible week, recommend me a drink (or three).
Get on the bourbon old fashioned’s. Woodford reserve recommended as a reasonable bourbon you can find in most bars 👌
metric fuckton of water. you’ll thank me later :)
tom collins or negroni
Campari and tonic
D tier
Just pour some milk into beer and film yourself drinking it, I’ll save watching it for a special occasion
Amaretto sour, with a pierced cherry, served through a Yellow-Finned Leatherjacket
+1 on the amaretto sour. Fav cocktail
This guy fucks
Underrated fish. Low cost, high taste.
Oban 14 - Lovely Scotch if you have $130 to spare. Imo it's best neat.
Spiced rum with a squeeze of any interesting citrus fruit you can find. Kumquat, lime, stuff like that. Hope things turn around for you!
[удалено]
Death, taxes, AZL guy waiting for BLM and you giving us a solid YeeHawww on the Winsome days. Let’s ride to $10.
Sell lines being cleared on EXR
Wild finish to a boring week
Boooo! I'm supposed to double my holdings at 14.5c
What's the go with AYA? not seeing any news
WR1 carrying my portfolio back to the green pastures. This is the dopamine hit I needed for another year of red
**Weebit (WBT**) sell volume really thinning out now. Commsec has just 185,000 units listed under sell orders, with a daily average for last week of over 1.1mill volume traded/day. With only **175million listed shares,** 11% held by insiders/institutions, and 35% (61mill) held by top 10 shareholders, there really isn't a lot to available to go around. I imagine any retrace will be bought up quickly. Hopefully continue to see this very strong accumulation and holding pattern 📈💪💲
I just want to buy moooree
More 4ds for me, buy in sadness, sell in glee lol. Nicely done with WBT, as a company they are really pulling it all together.
MAY carrying on as if it has a sinker attached to it’s SP
These cunts dumping 3-6 million parcels starting to piss me off
Yeah like 2m sold at 0.085??? Surely it’s someone on here, selling low and buying high
Yeh would have to be someone who bought at 10c and sold at 8.5 and will buy back at 9.5
RNU $1 by Christmas
Correction: I think you meant $10.
I will be plenty stoked with either!
I only have 200k shares so $1 wouldn't be life changing, $10 would though!!
Year?
I’ll take any year
2300 ?
Any year in the next 1 year
Now that stake will charge $3usd per trade Any others that are free for wall st?
I read the new charges and as somebody working her way across from commsec all i can think is “is that all? Barely worth the announcement” 😂
YELLING FROM THE ROOFTOPS: [FFS DO YOUR INTERNATIONAL TRADING WITH IBKR, PEOPLE!](https://www.reddit.com/r/ASX_Bets/comments/yabsxf/us_trading_fees_cheat_sheet_tldr_use_ibkr/)
Fuck that! TASTYWORKS!
Superhero is still free - but not sure if there is a catch somewhere. Dont seem to have the full range of stocks.
On god no shade intended, but can you afford to be doing this if you're concerned about $3 brokerage...?
I grew up on r/ausfinance and worshipped at the altar of passiveinvestingaustralia.com Old habits die hard. I will put my hand up as being more of the more leotarded amongst us who got scared shitless getting an "alpha" designation with cmcmarkets. It's meant to be a good thing. It's the wake up call that I needed, methinks.
Just use IBKR US trading fees small compared to the overpriced ASX. All Aus platforms bend you over on the exchange rate anyway so those no fees on US trades is just a misdirection.
PLS, RNU & WBT The holy trinity 🙏
It's a change from our current trinity of RNU, MAY + IVZ, but I still have a problem with a stonk that appears to be named after a small penis.
All my dogs are barking today, haven’t seen this much green in over a year. Does it mean I can ignore the fact I’m still red overall? I’m doing it anyway so don’t answer
Is (insert random ticker here) the next afterpay
Complete fucking dogs? Given where you are...YES!
Market overreaction to LTR news today This isn't a -14% announcement Disproportionately cheap today
Capex change $422M Raise $422M at $1.30 = 324M new shares Current Shares: 2.196B New shares with $422M raise = 2.521M SOI change: 14.7% dilution Share price change: -12.3% Coincidence? This is assuming they would have to CR - I doubt it, but there could be some method to the share price madness
Well maybe not as disproportionately as I thought. There is this though: As noted above, the Company will also continue to investigate the potential for generating early revenue from the DSO opportunity and the impact that this may have on the level of future funding required.
2.5Mtpa to 3Mtpa = more SC = more available offtake? I haven't even looked if this changes anything but surely there could be more offtake for some funding + throw in some early DSO + maybe an ESG fund is willing to come to the table with debt + throw in a $100M CR I don't think its as bad as what the market is implying but its food for thought. they're big enough they can easily absorb this but they need to decide if they need to do it now or soon while Li2CO3 prices are high, or do they risk waiting until end of the year when prices may not be as high, and respectively the LTR share price
Absolutely agreed, if they would work out how to fund half or more and the rest CR I think shareholders would be happy
They should have results for Buldania out over the next quarter. Proving a 30Mt+ deposit there could help boster the share price - or they could even choose to sell it off, assuming they find more: * IGO paid $1046 per Lithia tonne at ESS * If LTR can find 25Mt @ 1% + Ta credits they might get $1050 let's estimate * Buldania could be worth $250-300M Or they could farm-it out to MIN who have a JV on the tenement next door
LTR's MC is $3.3B with $420M of cash.
How many walls does their shed have? I need to know this before investing.
All four and then some. EP 139 of the Global Lithium podcast. check out the comment archives of u/jswyft
My biggest weighting...