Would be cool to know how many view's the daily thread gets 100k members but only about 100ish regular posters Also how many are bots just in case elon wants to buy reddit
I hate these Perth summers and we’re not even in peak heat yet. I’ve got these Northern European genetics and just want to live my life in a jumper and the cold. Let us short the sun
would love to be able to see a full list of ASX CEO salaries by company market cap to see who the real overpaid lifestylers are 🤡
alas doesn't seem to be any easy way to get that data that I can find without doing it manually
Honestly the one thing ive noticed in the last year is just how difficult it is to get and use public data. I guess thats why bloomberg in the US charges 20k a user or whatever.
The CEO of EVG gets about $580k I think plus options/shares. MC ~ 18 mill..
Not that anything's happened in three years and the SP is 60% from the peak.
It's a good job if you can get it.
simply wall st?
That's where the lifium ceo salaries were scraped from:
https://www.reddit.com/r/ASX_Bets/comments/xqxlhx/ceo_pls_remuneration_is_125m_fair_considering/
Explain gold to me, for the past few years every financial expert says gold is the best thing since sliced bread but all it does is stay in line with inflation and then have minor up/down swings.
You won't get rich with it, neither will you go bankrupt but it just isn't interesting. It has various applications but no one cares because we put it on expensive pizzas and steaks.
Its price can increase in times of panic or uncertainty, or inflation (1970's) but it's not gold where you can make big gains, it's the gold miners and producers. Gold has under performed the last decade, but 2022 showed that it was a stable investment compared to risk on assets/stonks. I think we may see the Fed and central banks around the world back off with interest rate hikes which will let inflation stay higher for longer which will reflect on the gold price. Or if they keep raising rates, the stock market could fall even further and investors run for safe havens which could be gold also if the USD is less desirable. Anyway I'm a degenerate that has YOLOed into a small cap gold miner/explorer wannabe future producer and if things fall into place for the gold price and this stonk has good news over the next few years, I can finally scrape enough money together to afford rent in a 1 bedroom studio 1 hour from Sydney for a few weeks.....
I've got a decent bit in SXG, looks like decent management, tight holding with a majority of shares in escrow until 2024, decent looking spot in vic goldfields and some good early drilling results.
I'm bullish but not enough to invest a lot into it, in a 'i just cbf with it' kind of way, whats my total upside and potential downside? Probably money to be made, but I'll prob just leave a tickle in EVN or something and ignore any big investment.
The AUD getting stronger doesn't help, and i don't really want to be checking a commodity constantly for when it fall off a cliff - and often if im picking producers they'll fall off more aggressively when the commodity does as investors jump ship. If you look at 2008 gold didnt do well. I don't think the gold correlation in economically weak times is strong as its touted, sometimes it is - but the charts dont match that well.
More bullish on silver its my only wall Street holding. Don't expect significant gains just using it as a high interest savings account lol. Up 6% on it atm
Having prepared a fair few annual reports over the years, they're total garbage. Us accountants can make the numbers say anything we want them to. Audits don't count for much
Not really, you can bring forward sales from the following period, or include them from a previous period. Accruals are a thing, and auditors let you do that kind of thing as long as you can explain it away
Or they just dont even ask, or your note is "accruals" and they just accept it with some vague seasonality adjusted numbers. Audits honestly are a joke like everyone thinks they are.
Ahh, when you do something like that, you’ll eventually need to balance that back in the future yes?
Otherwise itd seem you can grab figures from previous or future years without repercussion
In theory, yes you should balance things up eventually. The reality is that you can keep rolling forward your accruals indefinitely if you want to.
Usually you keep things like that as a buffer, and unwind them to save your arse if you dramatically under/overstate your budgets/targets.
I took over one set of books who kept pushing forward a little profit each month because they were doing way better than they thought they were supposed to and just assumed it would catch up. Turns out its because previous accounting were essentially haemorrhaging money by just not billing things and I and others had been fixing it (goverment contracts) - well it took some real creative shit to smooth that profit in without it looking stupid... and we still realised more profit in M12 than prior 11 months combined, but we were able to come up with same bullshit about regular contract reviews and blame someone who'd left.
I saved that $15m turnover company like $2m in 18 months i reckon and it really wasnt hard, toxic as fuck place though. 80% staff turnover in that 18 months.
Saw Avatar 2. I’m starting to think James Cameron is just Elon Musk stranded in New Zealand getting horny for blue people. It’s weird he criticised the MCU for not being real cinema while he’s just throwing millions at CGI for a popcorn flick that’s on-par with them
**Adjusted** some of the numbers to try reflect ownership. Running some numbers over in banned on an attempt of how to value some of our many lithium up-and-comers who are planning or who have already released an MRE. Posted in there because its a bit of an eyesore: [https://www.reddit.com/r/ASX\_banned/comments/10fzxnw/comment/j59ges8/?utm\_source=share&utm\_medium=web2x&context=3](https://www.reddit.com/r/ASX_banned/comments/10fzxnw/comment/j59ges8/?utm_source=share&utm_medium=web2x&context=3)
Great work. LLL increased their MRE last week to 142.3mt @ 1.38%. One thing that may be useful as you are comparing resource to market cap could be to also consider ownership % as that could change it a bit.
What will be LLL's final ownership? Is it 50/50 with Gangfeng? do they have earn-in rights for funding? or is it just gangfeng taking all the SC output
45/45/10 LLL/Ganfeng/Govt with government having a right to purchase 10% at market rate which I’ve read will probably be done by tax credits but that might not be offical and more “HC offical” 😂. Ganfeng got their % by providing cash and debt funding I believe it was. Best to assume final LLL ownership of the project is 40%.
It would certainly appear the market is placing a heavy premium on CXO when you compare *purely on resource size* but it also raises the question of how to value 'time to production'. How long is a piece of string? Or by the time your company gets to the point of nearing production, you need to be looking at other ways to value - annual production rates and estimating profits to try work out some deterministic value.
It's also an imperfect metric hence why this is an "attempt" at trying to place value on these companies. It only accounts for official MRE numbers that have been released so companies with new data that has not yet been incorporated doesn't get accounted for.
Nice work mate. I guess we could look at time in production while prices are high say to the end of 2024 to see what the currently producing premium is and whether in CXOs case it might be a bit hot. I would argue that SYAs premium for near term production is hotter than CXOs once ownership is accounted for. I’ll try run some figures.
u/JSwyft speaking of evaluations and buy-outs, some news out of Bald Hill on Thursday 19th Jan.
>As at the date of this circular, **three conditions** precedent to the completion of the Parent DOCA remain **outstanding** (see the Update to Shareholders dated 2 February 2022). Pursuant to clause 6.4 of the Parent DOCA, the deadline for the fulfilment of the conditions precedent to completion is **Tuesday, 31 January 2023**
And the potential stinger:
>The meeting of creditors was held on Friday, 13 January 2023 and a resolution was passed in the following terms:That the deed of company arrangement dated 23 December 2020 (DOCA) be varied as follows: “Clause 6.4 of the DOCA be varied as follows:The Proponent must notify the Deed Administrators in writing on or before **31 July 2023** (or such later date as the Deed Administrators and Proponent may agree in writing) that conditions 6.1.1 to 6.1.7 have been satisfied, failing which the Deed Administrators may:”**A deed of variation has not yet been signed**. The variation is **not effective until signed by the Deed Administrators**. The Deed Administrators will provide a further update in due course, advising shareholders of any signing of the deed of variation.
Daylight fucking robbery if they're allowed to mine this until July.
What are the administrators doing...
You could get $300m+ net profit out of there in that time frame.
It looks like the stockpiles were already sold though ([p.3](https://www.mcgrathnicol.com/app/uploads/Alita-Second-Frequently-Asked-Questions.pdf)).
It’s all well and good to get down and dirty with weekend speculation and plans for nek week.
but there are often other issues that deserve a reasonable amount of consideration.
this could change your life
https://www.reddit.com/r/ASX\_Bets/comments/10gp8i3/onions\_above\_or\_below\_the\_sausage/
There was no option for onions are gross. So gross, I'd almost prefer to eat them raw than those limp, transparent, chunks that they place upon tubed offal.
Tomato sauce, mustard and cheese are king.
The only acceptable onions are red onions. However, their use is reserved for salad and bruschetta (bit of tomato, fetta and if you want to be fancy, balsamic, and you can make spruced up toast at home).
Perhaps a far less popular sector around these parts, but is anyone considering stocking up on consumer discretionary in the first half of this year in anticipation of a rebound?
Seems to have been occurring in the last month with consumer discretionary (surprisingly) being one of the leading performing sectors (up 8.98%), second only to materials (up 10.39%).
Granted, not a strategy that is free of risk given the current climate, but I'm a little bit tempted for a longer term hold. Also depends on believing a rebound will occur in the medium term. Also, if things go to crap, I may be guaranteed of some quick losses.
If I make a fortune off MAY I'd probably go with something safer like QQQ. Keeping an eye on crypto (only ethereum / dot I play with).
Probably chuck some into TQQQ especially if I'm confident the bull market is in full swing and my MAY play let me down.
Not really into individual American stocks. A rising tide raises all ships and when the fed money printer comes on its almost impossible to lose money unless you go full retard lol
It's always that question right - I love Nvidia - but is it really worth buying it individually when I could just get it in a well rounded ETF.
You like TQQQ over QQQ?
It's probably unfair of me, though the US tech stocks just grind my gears a bit. Nothing necessarily logical about it, just everything the represent gives me the irks.
That said, I should probably add some AU tech stocks to the DD.
Kervio and myself have mused a bit about it, unfortunately you've just missed most of them running up a lot. I'd argue its going to be harder to find value now, and if theres more rate rises and a recession they'll get pretty messy.
That said, they all took huge beatings and are still way off their 2022 highs even though some are likely to have good earnings, so if your brave maybe you can find some value.
Did you pick any up?
I'm expecting another correction at some point, so wouldn't be looking to go in now, very much in the DD / potential watch list adding stage and considering potential entry prices if I decide any look a bit tasty.
I've picked up ADH at various points because I think it was the best value compared to others. Sold when it ran to 2.30 (unfortunately!). Have my eye on a bunch of them, I am very wary of the sector because its so concentrated and sometimes the price is based on a story that doesn't add up (see CCX).
It's a tough one hey. Very hard to say what's priced in to the sector in general since everyone is so hysterical in the surveys but still buying stocks and houses and dinners and flights and going over the top on Christmas gifts and second hand shitboxes.
I did end up grabbing some SLA not too long ago but I'm not hugely confident.
That injectables market seems like one that could have legs even in a downturn, especially if rents struggle to keep rising. And I do like that the major competitors are all private equity but still if I'm honest the profits aren't amazing and it seems like it's going to take a lot of growth to prove the story.
I think in general though there's a good bull case there in streamlining the brand and pushing their own suite of products and also if the regulatory capture plays out then that's a wildcard.
And I'm not taking a firm stance on whether we'll see something break, so it makes sense to hold some. Right now things look pretty reasonable to me though and they have for the past 6 months. These tech layoffs especially look like a whole lot of nothing. But things can deteriorate quickly (and plus SLA in particular is still in a downtrend) so cautious here.
I still hope for good things on SLA, and they've performed well in a poor economic climate being able to pass through costs etc, but the downtrend continues and good news is not well reflected in the share price.
We'll see how the half yearly update goes when it comes out next month (though the good report last year only seemed to buoy things for a couple of days). They were investing a bit in marketing last year, and did some further acquisitions so hopefully it feeds in to some good results.
Am sorely tempted to average down, though am holding fire for now. Otherwise, once the economic situation improves (whenever that might be), there should in theory be a rebound in the SP as confidence improves.
Agree re: difficulty of judging what is / is not priced in in the sector generally already.
Yea I would suggest leaks, but also some are expecting one early next week on HC apparently so maybe still just hopium. Hopefully BAM, loan secured making it fully funded and off to the races plz no whammy.
Stupidly i dont remember where my WR1 shares came from, i didnt purchase them and i think they arrived in my account at the price of like mid 50c.
Anybody able to guide me.
Was it part of a merger, de-merger buy out etc
Like how i have LLL shares thanks to FFX.
I think last night was option expiry, which could explain the over the top green, especially in NDQ which has a lot more option interest.
Interesting seeing all these earnings beats, but they are beating pretty low bars and are still downgrades on prior periods, and the beats are mostly pretty minor. Likely some have been bolstered by increased prices but holding off on increased wage pressures, at least thats kinda what the data shows.
>Fucking HUGE vote of confidence from Tim Goyder (LTR) buying 1,000,000 shares on market yesterday during the chaos.
are you sure he bought them on the market yesterday? it just says he notified the market on Jan 20 2023. When he acquired the shares, who knows.
No transactional information. no prices or anything. Am I right?
here is the info,
[https://cdn-api.markitdigital.com/apiman-gateway/ASX/asx-research/1.0/file/2924-02622853-6A1132518?access\_token=83ff96335c2d45a094df02a206a39ff4](https://cdn-api.markitdigital.com/apiman-gateway/ASX/asx-research/1.0/file/2924-02622853-6A1132518?access_token=83ff96335c2d45a094df02a206a39ff4)
LTR,
I don't see it.
That's why he's adamant on dividends. Big dog is gonna get like $50m a year in divvies
Also part of the reason why LTR is good for a Long Term Relationship. Management are invested heavily. This is their ticket to intergenerational-til humans stop existing-fuck you money- wealth. They can't afford to fuck the common plebs because it fucks the management 10 fold.
>“We are totally committed and I’ve got 300 million bits of paper to prove that. We can see the amount of cash this project can generate. It is substantial. **So we will be looking forward to those dividends.**
If you look at the study results in detail, this is a cash machine when we get into production. It is a high-quality asset. We are building this to last. We are building this to produce cash and grow the company.”
Quoted from Tim on the 12th November 2021. EOD close $1.64
Damn this TLG court decision re: permits is creeping up, I think punters are doing some last minute top ups in case all goes to plan and we go to the moon. I have typically left this late, but I'll probabaly have to join in next week.
Feels strange to think that after years of hearing "iTs AlL aBoUt ThE pErMiTs" we are finally going to have a decision in about a month. Let's go daddy Thompson, take us to the promised land 🤞👀
I'm cautiously optimistic about the eventual result to the tune of 50% of my pf. The cautious element is about timing, the hearing will hopefully *begin* on time but we're talking about bureaucrats of the most bureaucratic order here. TLG have done what they can imo but add in appeals, further conditions etc and a result could still be a while away yet.
They have stated that first commercial scale TalnodeC production will be in CY2024.
As well as being an ambitious target, Mark Thompson also occasionally sings the hook from Time Warp.
LTR’s cost blowout just goes to show that bringing a new lithium mine online isn’t as simple as some of the bearish market commentators seem to think. Flooding the market and returning to the cost curve isn’t as simple.
Prices will have to stay higher for longer to allow these new mines to get over the line, otherwise these new producers just aren’t going to make it to production. Especially true for the higher cost projects that are only economical at elevated prices (cough lepidolite).
Really bodes well for those who already have running operations, especially PLS, who are apparently very exposed to market prices.
CXO too - who you would assume have already spent and paid for their big items. Apparently they don’t need to pay for rooms and beds given their proximity to Darwin (part of the cost blowout for LTR was I think their accomodation building?)
Agreed, I'm enjoying watching all the time and cost blowouts, sprinkled with a little missed production targets. There are some Li developers and explorers in for a world of hurt as they are forced to "revise" their original estimates. I'm still bullish on battery grade Li in undersupply for 2023/24. Just need BYD, Tesla and Co to hit sales targets. Lepidolite isn't bridging the gap IMO.
I have a very strong gut feeling next year we are going to see a whole raft of new producers struggling to create an SC6% product, especially those in the greenstone belts, which the market will potentially unfairly punish. I would argue its not even worth making SC6%. It's taken PLS years to fine-tune their practices to get a 5.5%SC but even then they have realised its better to produce more of a lower grade SC so they're now transitioning to 5.3-5.4SC to maximise output. MIN produce a 4-4.5SC% I think out of Marion and Gangfeng happily takes that product.
Bald Hill had a lot of success making a SC6.1% product which I'm attributing to the fact their deposit is entirely surrounded by metasediments so the DMS plant can easily separate those out. Whoever can get their hands on BH should get really got ROI offloading into spot pricing. CXO is also in the Burrell Creek Metasediments so I think they should see similar success as to what Bald Hill had. LTR might have some trouble in the greenstone at KV depending on how good their mining practices are.
I know and after such a big green day, futures will be red by Monday for the inevitable pull back. ASX will limp dick through the day worried about what the US will do when they open
Well I popped over to Melbourne to see the live show from "the last podcast on the left" apparently the Aussie leg tour got canned. Now my Saturday night is wide open.
“Vladimir Putin may already be dead” says President Zelensky in bizarre speech amid cancer and body double claims.
So we getting big green rockets if the big Russian gay bear kicks the bucket?
Pretty confident this would be some sort of destabilisation game.... but if he is dead the new people in charge are also invading ukraine so i guess its still the same problem.
If the war ended tomorrow though, we'd get some pretty solid rockets.
It's actually pretty clever if used correctly.
Zelensky has a following and trust, say they were running an operation and needed a certain group/people busy or to attempt a coup.
He strategically picks a time to announce Putin may be dead, people come out of the woodworks to check if this is true and loyalty is gone if everything is available to plunder and keep, internal power struggle will also start. Putin now how to either prove he is alive and come out of hiding or send word to keep his "men" in line.
US/Ukraine intelligence doing something, we might find out a few details in a decade when the book or movie comes out.
I can't believe BAS only closed up 18% today, what a rip off. I see no reason for it to return anything less than 50% a day indefinitely until I can afford the new 2023 Susuki 'Lambo' Jimny Lite.
[I found peak hotcopper](https://hotcopper.com.au/threads/ann-kathleen-valley-project-update.7187374/?post_id=65801209&embed=1)
Enjoy your weekend lads!
> many thanks to all the fools that sold me their white gold shares for the motherlode mine today a a great price, I might see you on a carribean cruise while you are serving me my meals or cleaning my room or something In a couple of years time
I'm back from banned land.
WR1 I love you. What a fucking stock.
ESS: scoping study due soon. Hopefully very profitable and sees a bidding war up to $1+
EXR: Being a cheeky dog, expecting some positive announcements regarding flow testing and Gobi H2 PFS/MOU.
looking to sell CRR: still awaiting assays and could get positive announcements regarding the drilling program but it's a dog.
looking at either GCM or ITM for some more graphite exposure. Only hold TLG
with all these cost blowouts on mining projects due to the cost of mining contractors, wonder what the numbers are going to look like for some of these ASX mining/engineering services sector co's this quarter... who you would assume are the ones who are charging the miners an arm & leg for the projects 🤔
I’ve gone a slightly different direction with this and been buying mining equipment suppliers namely ANG, they’ve doubled their order book in North America in the past 12 months and are fairly diversified against most top tier mining jurisdictions. Trading around the middle of its 12 month high/low but small MC, pays small divvy and looks to be growing earnings. I’m adding slowly but trades fairly thinly so worth setting orders and waiting.
WSJ saying China doesn't need our speccy resources [The article ](https://www.reddit.com/r/Economics/comments/10hs2wl/chinas_global_megaprojects_are_falling_apart/?utm_source=share&utm_medium=android_app&utm_name=androidcss&utm_term=1&utm_content=share_button)
yeah nah yeah
I wish I 100x bag so that I would have so much cash that I wouldn't feel guilty buying a mx-5.
I had a 100x in 2 weeks in crypto once, unfortunately only had $200 riding on it
Only 69 members to go to reach 100k. Nice.
Would be cool to know how many view's the daily thread gets 100k members but only about 100ish regular posters Also how many are bots just in case elon wants to buy reddit
Currently 20, 023 views on this thread.
Billionaires one simple trick to become millionaires
I hate these Perth summers and we’re not even in peak heat yet. I’ve got these Northern European genetics and just want to live my life in a jumper and the cold. Let us short the sun
It's a beautiful day today apart from the wind that can fuck off. Seems like it's always blowing
As a kid who grew up in Sydney, I WISH we had our scorching hot and sunny days. It's a rarity these days.
Fuck off. I don't.
99927 Spurge lords 🙏
would love to be able to see a full list of ASX CEO salaries by company market cap to see who the real overpaid lifestylers are 🤡 alas doesn't seem to be any easy way to get that data that I can find without doing it manually
Honestly the one thing ive noticed in the last year is just how difficult it is to get and use public data. I guess thats why bloomberg in the US charges 20k a user or whatever.
The CEO of EVG gets about $580k I think plus options/shares. MC ~ 18 mill.. Not that anything's happened in three years and the SP is 60% from the peak. It's a good job if you can get it.
I reckon the bastard plays golf at least 4 days a week too
I reckon so. Fucking crickets from them until they need to hit a performance milestone to be awarded.
CI1 has a $16m market cap and $1.3m CEO salary, I want to see if there are any that are more ridiculous than that on the entire ASX
need a CEO salary to market cap ratio indicator on trading view :P
fuck yeah, first place I checked 😅
simply wall st? That's where the lifium ceo salaries were scraped from: https://www.reddit.com/r/ASX_Bets/comments/xqxlhx/ceo_pls_remuneration_is_125m_fair_considering/
you can manually pull them 1 by 1 sure, not the same though
How many retards in here are bullish on gold?
Explain gold to me, for the past few years every financial expert says gold is the best thing since sliced bread but all it does is stay in line with inflation and then have minor up/down swings. You won't get rich with it, neither will you go bankrupt but it just isn't interesting. It has various applications but no one cares because we put it on expensive pizzas and steaks.
Its price can increase in times of panic or uncertainty, or inflation (1970's) but it's not gold where you can make big gains, it's the gold miners and producers. Gold has under performed the last decade, but 2022 showed that it was a stable investment compared to risk on assets/stonks. I think we may see the Fed and central banks around the world back off with interest rate hikes which will let inflation stay higher for longer which will reflect on the gold price. Or if they keep raising rates, the stock market could fall even further and investors run for safe havens which could be gold also if the USD is less desirable. Anyway I'm a degenerate that has YOLOed into a small cap gold miner/explorer wannabe future producer and if things fall into place for the gold price and this stonk has good news over the next few years, I can finally scrape enough money together to afford rent in a 1 bedroom studio 1 hour from Sydney for a few weeks.....
bullish on 🏆 ANL 🏆 ([as is everyone on the sub, obvs](https://www.reddit.com/r/ASX_Bets/search/?q=anl&restrict_sr=1&sr_nsfw=&include_over_18=1)...)
I'm deep into ANL
I've got a decent bit in SXG, looks like decent management, tight holding with a majority of shares in escrow until 2024, decent looking spot in vic goldfields and some good early drilling results.
I'm bullish but not enough to invest a lot into it, in a 'i just cbf with it' kind of way, whats my total upside and potential downside? Probably money to be made, but I'll prob just leave a tickle in EVN or something and ignore any big investment. The AUD getting stronger doesn't help, and i don't really want to be checking a commodity constantly for when it fall off a cliff - and often if im picking producers they'll fall off more aggressively when the commodity does as investors jump ship. If you look at 2008 gold didnt do well. I don't think the gold correlation in economically weak times is strong as its touted, sometimes it is - but the charts dont match that well.
That'll be me. But market remains fuck, so also fuck gold
Bullish… but not bullish enough to have more than a total 5% holding. Currently split between MKG < SLR
Black gold? And also white gold?
Probably the same ones that said Gold was going to breakout in 2022. https://finance.yahoo.com/news/gold-price-prediction-2022-115924758.html
More bullish on silver its my only wall Street holding. Don't expect significant gains just using it as a high interest savings account lol. Up 6% on it atm
I moved on from gold about 200 years ago.
My mrs gave me an inverse cup and handle last night, absolute 🚀
Sounds... Bendy. Like crack your penis bendy. I don't know how it cracks without bones, but god damn
Inverse? Yeesh sounds a little painful
Don't knock it until you try it
Link?
Reading annual reports, I haven't read a single one which makes me want to buy in to a company. Perhaps ignorance is bliss..
Having prepared a fair few annual reports over the years, they're total garbage. Us accountants can make the numbers say anything we want them to. Audits don't count for much
As an accountant, yeaaa annual reports are hilariously fake... buuut not impossible to read between the lines.
Hahaha just noticed your flair
Snap... i dunno what i like more, el maco or macro.
It’s hard to fudge things like total sales though, even for the best accountants, right?
Not really, you can bring forward sales from the following period, or include them from a previous period. Accruals are a thing, and auditors let you do that kind of thing as long as you can explain it away
Or they just dont even ask, or your note is "accruals" and they just accept it with some vague seasonality adjusted numbers. Audits honestly are a joke like everyone thinks they are.
Ahh, when you do something like that, you’ll eventually need to balance that back in the future yes? Otherwise itd seem you can grab figures from previous or future years without repercussion
In theory, yes you should balance things up eventually. The reality is that you can keep rolling forward your accruals indefinitely if you want to. Usually you keep things like that as a buffer, and unwind them to save your arse if you dramatically under/overstate your budgets/targets.
I took over one set of books who kept pushing forward a little profit each month because they were doing way better than they thought they were supposed to and just assumed it would catch up. Turns out its because previous accounting were essentially haemorrhaging money by just not billing things and I and others had been fixing it (goverment contracts) - well it took some real creative shit to smooth that profit in without it looking stupid... and we still realised more profit in M12 than prior 11 months combined, but we were able to come up with same bullshit about regular contract reviews and blame someone who'd left. I saved that $15m turnover company like $2m in 18 months i reckon and it really wasnt hard, toxic as fuck place though. 80% staff turnover in that 18 months.
Verdict: It's a dog
Username checks out
Eagerly awaiting the torrent of memes when we hit 100k members of excellence in picking upside down rockets
sʇǝʞɔoɹ
Flip it
Bop it
Answer it.
Twist it
What happened to Clifford in the asx_bets vernacular?
Cos we hold so many cliffords it just got replaced with kennel?
You didn't hear? People stopped buying dog stocks. We're all on a winner!
Why didn’t someone tell me! I’ve been making an idiot of myself breeding Cliffords
Looking forward to when we start holding bags again
I've already made my mistake for 2023, so if I can minimise the impact of that purchase I'll be happy
Good point! It was like the "Waka Waka" of mid 2021.
Fuck every single one of you! Especially those of you in WA! And QLD! And maybe TAS as well. Fyck it. Ascrew those pricks in VIC as well!
>Especially those of you in WA! This may be the only thing we ever agree on lol
So only fellas in Sydney then.
Fuck you Mark
Harder plz
Saw Avatar 2. I’m starting to think James Cameron is just Elon Musk stranded in New Zealand getting horny for blue people. It’s weird he criticised the MCU for not being real cinema while he’s just throwing millions at CGI for a popcorn flick that’s on-par with them
I liked it..... nothing more really.
That movie could be half the length, half the characters and nothing would be lost.
That's probably the most accurate assessment of the movie I've heard since I watched.it.
**Adjusted** some of the numbers to try reflect ownership. Running some numbers over in banned on an attempt of how to value some of our many lithium up-and-comers who are planning or who have already released an MRE. Posted in there because its a bit of an eyesore: [https://www.reddit.com/r/ASX\_banned/comments/10fzxnw/comment/j59ges8/?utm\_source=share&utm\_medium=web2x&context=3](https://www.reddit.com/r/ASX_banned/comments/10fzxnw/comment/j59ges8/?utm_source=share&utm_medium=web2x&context=3)
Great work. LLL increased their MRE last week to 142.3mt @ 1.38%. One thing that may be useful as you are comparing resource to market cap could be to also consider ownership % as that could change it a bit.
What will be LLL's final ownership? Is it 50/50 with Gangfeng? do they have earn-in rights for funding? or is it just gangfeng taking all the SC output
45/45/10 LLL/Ganfeng/Govt with government having a right to purchase 10% at market rate which I’ve read will probably be done by tax credits but that might not be offical and more “HC offical” 😂. Ganfeng got their % by providing cash and debt funding I believe it was. Best to assume final LLL ownership of the project is 40%.
Cool same structure as A11 basically as well. I just went with 50% ownership.
Good shout
Scuse the dumb q, but my conclusion from that data is that CXO is way overpriced - is that correct?
It would certainly appear the market is placing a heavy premium on CXO when you compare *purely on resource size* but it also raises the question of how to value 'time to production'. How long is a piece of string? Or by the time your company gets to the point of nearing production, you need to be looking at other ways to value - annual production rates and estimating profits to try work out some deterministic value. It's also an imperfect metric hence why this is an "attempt" at trying to place value on these companies. It only accounts for official MRE numbers that have been released so companies with new data that has not yet been incorporated doesn't get accounted for.
Nice work mate. I guess we could look at time in production while prices are high say to the end of 2024 to see what the currently producing premium is and whether in CXOs case it might be a bit hot. I would argue that SYAs premium for near term production is hotter than CXOs once ownership is accounted for. I’ll try run some figures.
Great information, thanks!
The MC/lithia column is rather eye opening!
u/JSwyft speaking of evaluations and buy-outs, some news out of Bald Hill on Thursday 19th Jan. >As at the date of this circular, **three conditions** precedent to the completion of the Parent DOCA remain **outstanding** (see the Update to Shareholders dated 2 February 2022). Pursuant to clause 6.4 of the Parent DOCA, the deadline for the fulfilment of the conditions precedent to completion is **Tuesday, 31 January 2023** And the potential stinger: >The meeting of creditors was held on Friday, 13 January 2023 and a resolution was passed in the following terms:That the deed of company arrangement dated 23 December 2020 (DOCA) be varied as follows: “Clause 6.4 of the DOCA be varied as follows:The Proponent must notify the Deed Administrators in writing on or before **31 July 2023** (or such later date as the Deed Administrators and Proponent may agree in writing) that conditions 6.1.1 to 6.1.7 have been satisfied, failing which the Deed Administrators may:”**A deed of variation has not yet been signed**. The variation is **not effective until signed by the Deed Administrators**. The Deed Administrators will provide a further update in due course, advising shareholders of any signing of the deed of variation. Daylight fucking robbery if they're allowed to mine this until July.
What are the administrators doing... You could get $300m+ net profit out of there in that time frame. It looks like the stockpiles were already sold though ([p.3](https://www.mcgrathnicol.com/app/uploads/Alita-Second-Frequently-Asked-Questions.pdf)).
yeah well done mate, love it.
Beautifully executed documentation of complex data presented in a concise and logical fashion. Apologises for the "eyesore".
[Dollaroo percentage?](https://www.reddit.com/r/ASX_banned/comments/10hmf1h/cash_of_portfolio/)
It’s all well and good to get down and dirty with weekend speculation and plans for nek week. but there are often other issues that deserve a reasonable amount of consideration. this could change your life https://www.reddit.com/r/ASX\_Bets/comments/10gp8i3/onions\_above\_or\_below\_the\_sausage/
There was no option for onions are gross. So gross, I'd almost prefer to eat them raw than those limp, transparent, chunks that they place upon tubed offal. Tomato sauce, mustard and cheese are king. The only acceptable onions are red onions. However, their use is reserved for salad and bruschetta (bit of tomato, fetta and if you want to be fancy, balsamic, and you can make spruced up toast at home).
Do you want to know if I like it?
Perhaps a far less popular sector around these parts, but is anyone considering stocking up on consumer discretionary in the first half of this year in anticipation of a rebound? Seems to have been occurring in the last month with consumer discretionary (surprisingly) being one of the leading performing sectors (up 8.98%), second only to materials (up 10.39%). Granted, not a strategy that is free of risk given the current climate, but I'm a little bit tempted for a longer term hold. Also depends on believing a rebound will occur in the medium term. Also, if things go to crap, I may be guaranteed of some quick losses.
Its up so no. If it goes on sale, yes.
Rather hoard cash and save up for the eventual rebound in the American growth tech stocks. Once that money printer is on the gains will be lit
any specific in mind or just NDQ?
If I make a fortune off MAY I'd probably go with something safer like QQQ. Keeping an eye on crypto (only ethereum / dot I play with). Probably chuck some into TQQQ especially if I'm confident the bull market is in full swing and my MAY play let me down. Not really into individual American stocks. A rising tide raises all ships and when the fed money printer comes on its almost impossible to lose money unless you go full retard lol
It's always that question right - I love Nvidia - but is it really worth buying it individually when I could just get it in a well rounded ETF. You like TQQQ over QQQ?
It's probably unfair of me, though the US tech stocks just grind my gears a bit. Nothing necessarily logical about it, just everything the represent gives me the irks. That said, I should probably add some AU tech stocks to the DD.
do your DD on aussie tech stocks. There are far too many bullshit DW8s masquerading as "tech" stocks.
Kervio and myself have mused a bit about it, unfortunately you've just missed most of them running up a lot. I'd argue its going to be harder to find value now, and if theres more rate rises and a recession they'll get pretty messy. That said, they all took huge beatings and are still way off their 2022 highs even though some are likely to have good earnings, so if your brave maybe you can find some value.
Did you pick any up? I'm expecting another correction at some point, so wouldn't be looking to go in now, very much in the DD / potential watch list adding stage and considering potential entry prices if I decide any look a bit tasty.
I've picked up ADH at various points because I think it was the best value compared to others. Sold when it ran to 2.30 (unfortunately!). Have my eye on a bunch of them, I am very wary of the sector because its so concentrated and sometimes the price is based on a story that doesn't add up (see CCX).
It's a tough one hey. Very hard to say what's priced in to the sector in general since everyone is so hysterical in the surveys but still buying stocks and houses and dinners and flights and going over the top on Christmas gifts and second hand shitboxes. I did end up grabbing some SLA not too long ago but I'm not hugely confident. That injectables market seems like one that could have legs even in a downturn, especially if rents struggle to keep rising. And I do like that the major competitors are all private equity but still if I'm honest the profits aren't amazing and it seems like it's going to take a lot of growth to prove the story. I think in general though there's a good bull case there in streamlining the brand and pushing their own suite of products and also if the regulatory capture plays out then that's a wildcard. And I'm not taking a firm stance on whether we'll see something break, so it makes sense to hold some. Right now things look pretty reasonable to me though and they have for the past 6 months. These tech layoffs especially look like a whole lot of nothing. But things can deteriorate quickly (and plus SLA in particular is still in a downtrend) so cautious here.
I still hope for good things on SLA, and they've performed well in a poor economic climate being able to pass through costs etc, but the downtrend continues and good news is not well reflected in the share price. We'll see how the half yearly update goes when it comes out next month (though the good report last year only seemed to buoy things for a couple of days). They were investing a bit in marketing last year, and did some further acquisitions so hopefully it feeds in to some good results. Am sorely tempted to average down, though am holding fire for now. Otherwise, once the economic situation improves (whenever that might be), there should in theory be a rebound in the SP as confidence improves. Agree re: difficulty of judging what is / is not priced in in the sector generally already.
With RNU's big run on Friday, if recent history is anything to go by, there may be an imminent announcement.
So Pissed i missed out on the run. Idk if i should bite the bullet.
Yea I would suggest leaks, but also some are expecting one early next week on HC apparently so maybe still just hopium. Hopefully BAM, loan secured making it fully funded and off to the races plz no whammy.
I’d like some partnership and/or offtake agreements with a multinational corporation. That will really make it take off 🚀
That too
Stupidly i dont remember where my WR1 shares came from, i didnt purchase them and i think they arrived in my account at the price of like mid 50c. Anybody able to guide me. Was it part of a merger, de-merger buy out etc Like how i have LLL shares thanks to FFX.
MTC
Fuck thats right ... i remember even looking that up hahaha.
I think last night was option expiry, which could explain the over the top green, especially in NDQ which has a lot more option interest. Interesting seeing all these earnings beats, but they are beating pretty low bars and are still downgrades on prior periods, and the beats are mostly pretty minor. Likely some have been bolstered by increased prices but holding off on increased wage pressures, at least thats kinda what the data shows.
Fucking HUGE vote of confidence from Tim Goyder (LTR) buying 1,000,000 shares on market yesterday during the chaos.
Percentage of total holdings wise, I bought more yesterday 😎
>Fucking HUGE vote of confidence from Tim Goyder (LTR) buying 1,000,000 shares on market yesterday during the chaos. are you sure he bought them on the market yesterday? it just says he notified the market on Jan 20 2023. When he acquired the shares, who knows. No transactional information. no prices or anything. Am I right?
He bought them on market at $1.309 average. Date of change: 20th Jan
here is the info, [https://cdn-api.markitdigital.com/apiman-gateway/ASX/asx-research/1.0/file/2924-02622853-6A1132518?access\_token=83ff96335c2d45a094df02a206a39ff4](https://cdn-api.markitdigital.com/apiman-gateway/ASX/asx-research/1.0/file/2924-02622853-6A1132518?access_token=83ff96335c2d45a094df02a206a39ff4) LTR, I don't see it.
total cost $1,499,461 shares bought 1,145,000 = $1.309 each The only time its been that price was either yesterday, or back in early Jan
Love To Read this, what a chad
Still holds about 8% of CHN shares too. He used to have his paws all over stx, I'm not sure if he still does though
Jesus $1.5m worth
Mind you he already owns 328,533,766 shares LOL Pennies in the wind for him
>328,533,766 You sure that's right? LTR @ $1.38 per share, 328,533,766 shares = $453376597.08 ($453 million).
Yeah that number is correct. 15% of the SOI
Jesus fuck i cant image having that many dollarbucks in a miner and seeing the price action, wild
That's why he's adamant on dividends. Big dog is gonna get like $50m a year in divvies Also part of the reason why LTR is good for a Long Term Relationship. Management are invested heavily. This is their ticket to intergenerational-til humans stop existing-fuck you money- wealth. They can't afford to fuck the common plebs because it fucks the management 10 fold.
> They can't afford to fuck the common plebs because it fucks the management 10 fold 😄 where is chawkaz?
He wants those sweet dividends, he recently joined ausfinance and realised he is lagging behind in net worth.
lmao
>“We are totally committed and I’ve got 300 million bits of paper to prove that. We can see the amount of cash this project can generate. It is substantial. **So we will be looking forward to those dividends.** If you look at the study results in detail, this is a cash machine when we get into production. It is a high-quality asset. We are building this to last. We are building this to produce cash and grow the company.” Quoted from Tim on the 12th November 2021. EOD close $1.64
Damn this TLG court decision re: permits is creeping up, I think punters are doing some last minute top ups in case all goes to plan and we go to the moon. I have typically left this late, but I'll probabaly have to join in next week. Feels strange to think that after years of hearing "iTs AlL aBoUt ThE pErMiTs" we are finally going to have a decision in about a month. Let's go daddy Thompson, take us to the promised land 🤞👀
I'm cautiously optimistic about the eventual result to the tune of 50% of my pf. The cautious element is about timing, the hearing will hopefully *begin* on time but we're talking about bureaucrats of the most bureaucratic order here. TLG have done what they can imo but add in appeals, further conditions etc and a result could still be a while away yet.
When is production meant to start (assuming no delays)? 2026?
They have stated that first commercial scale TalnodeC production will be in CY2024. As well as being an ambitious target, Mark Thompson also occasionally sings the hook from Time Warp.
LTR’s cost blowout just goes to show that bringing a new lithium mine online isn’t as simple as some of the bearish market commentators seem to think. Flooding the market and returning to the cost curve isn’t as simple. Prices will have to stay higher for longer to allow these new mines to get over the line, otherwise these new producers just aren’t going to make it to production. Especially true for the higher cost projects that are only economical at elevated prices (cough lepidolite). Really bodes well for those who already have running operations, especially PLS, who are apparently very exposed to market prices. CXO too - who you would assume have already spent and paid for their big items. Apparently they don’t need to pay for rooms and beds given their proximity to Darwin (part of the cost blowout for LTR was I think their accomodation building?)
Agreed, I'm enjoying watching all the time and cost blowouts, sprinkled with a little missed production targets. There are some Li developers and explorers in for a world of hurt as they are forced to "revise" their original estimates. I'm still bullish on battery grade Li in undersupply for 2023/24. Just need BYD, Tesla and Co to hit sales targets. Lepidolite isn't bridging the gap IMO.
I have a very strong gut feeling next year we are going to see a whole raft of new producers struggling to create an SC6% product, especially those in the greenstone belts, which the market will potentially unfairly punish. I would argue its not even worth making SC6%. It's taken PLS years to fine-tune their practices to get a 5.5%SC but even then they have realised its better to produce more of a lower grade SC so they're now transitioning to 5.3-5.4SC to maximise output. MIN produce a 4-4.5SC% I think out of Marion and Gangfeng happily takes that product. Bald Hill had a lot of success making a SC6.1% product which I'm attributing to the fact their deposit is entirely surrounded by metasediments so the DMS plant can easily separate those out. Whoever can get their hands on BH should get really got ROI offloading into spot pricing. CXO is also in the Burrell Creek Metasediments so I think they should see similar success as to what Bald Hill had. LTR might have some trouble in the greenstone at KV depending on how good their mining practices are.
why do the US markets always have to fucking surge on their Fridays so we don't get to leech some of the joy on the ASX the next day? ffs 🤡
I know and after such a big green day, futures will be red by Monday for the inevitable pull back. ASX will limp dick through the day worried about what the US will do when they open
Well I popped over to Melbourne to see the live show from "the last podcast on the left" apparently the Aussie leg tour got canned. Now my Saturday night is wide open.
SPX still in its wedge pattern, getting pretty tight, has to breakout one way or another next week.
Look out for the reverse cup and handle.
My pf went up 3500 today ive been doing it long enough now to realize its bound to go down by 12000 monday asx ya fuckin dirty slut🤣
Mondays looking good lads. Enjoy your weekends!
The asx always has a few too many on the weekend and forgets what happened last week
Greener than gumbys dick
XJO $8000
Maybe in 10 years.
Bull ChZakalwe is best ChZakalwe.
I'm disgusted with myself.
“Vladimir Putin may already be dead” says President Zelensky in bizarre speech amid cancer and body double claims. So we getting big green rockets if the big Russian gay bear kicks the bucket?
Or Russia fires nuclear bombs.
Pretty confident this would be some sort of destabilisation game.... but if he is dead the new people in charge are also invading ukraine so i guess its still the same problem. If the war ended tomorrow though, we'd get some pretty solid rockets.
It's actually pretty clever if used correctly. Zelensky has a following and trust, say they were running an operation and needed a certain group/people busy or to attempt a coup. He strategically picks a time to announce Putin may be dead, people come out of the woodworks to check if this is true and loyalty is gone if everything is available to plunder and keep, internal power struggle will also start. Putin now how to either prove he is alive and come out of hiding or send word to keep his "men" in line. US/Ukraine intelligence doing something, we might find out a few details in a decade when the book or movie comes out.
Where did you read this?
Multiple “news” outlets
You can call me Sir Little Swinging Dick.
Fastest flair in the west.
I guess I have to because you've been knighted.
Oh dear. Serves me right I suppose.
Just *dick* would suffice
Reconstituted dick
Made from 60% real dick!
That's Sir reconstituted dick to you.
Sir yes Sir
I vote ioneer for the most consistently disappointing lithium co
Lithium shitcos need you to hold their beer.
VUL is not happy
VUL is a technology company masquerading as a lithium company masquerading as a lifestyle company. Or is it the other way around
I can't believe BAS only closed up 18% today, what a rip off. I see no reason for it to return anything less than 50% a day indefinitely until I can afford the new 2023 Susuki 'Lambo' Jimny Lite.
I’m so keen for a electric Jimny
I got those King Charles sausage fingers, send help
This gets me 😂 hard. Every. Single. Time. https://twitter.com/kingcharles_lll/status/1575657339364835329?t=Ce1cAEnaf5da_bi36ZCS1A&s=19
WBT. Again...
[I found peak hotcopper](https://hotcopper.com.au/threads/ann-kathleen-valley-project-update.7187374/?post_id=65801209&embed=1) Enjoy your weekend lads!
If you're not at 10/10 hubris then you're not at peak hot copper, so they say.
My fav type of hotcopperer.
That has way too many likes or upvotes what ever the hell they are called ahah
This comment should be framed as an example of how boomers view employees working in service industries
> many thanks to all the fools that sold me their white gold shares for the motherlode mine today a a great price, I might see you on a carribean cruise while you are serving me my meals or cleaning my room or something In a couple of years time
I'm back from banned land. WR1 I love you. What a fucking stock. ESS: scoping study due soon. Hopefully very profitable and sees a bidding war up to $1+ EXR: Being a cheeky dog, expecting some positive announcements regarding flow testing and Gobi H2 PFS/MOU. looking to sell CRR: still awaiting assays and could get positive announcements regarding the drilling program but it's a dog. looking at either GCM or ITM for some more graphite exposure. Only hold TLG
I expect this EXR inflow of news too
we're going to make it 🙏
Hell yeah!! Exr!!
I too am waiting for this set of particular news.
with all these cost blowouts on mining projects due to the cost of mining contractors, wonder what the numbers are going to look like for some of these ASX mining/engineering services sector co's this quarter... who you would assume are the ones who are charging the miners an arm & leg for the projects 🤔
I’ve gone a slightly different direction with this and been buying mining equipment suppliers namely ANG, they’ve doubled their order book in North America in the past 12 months and are fairly diversified against most top tier mining jurisdictions. Trading around the middle of its 12 month high/low but small MC, pays small divvy and looks to be growing earnings. I’m adding slowly but trades fairly thinly so worth setting orders and waiting.
Not to mention the moat for producers. 🤑