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.
By - AutoModerator
EXR taking a shit on my dreams
Think I'm back.. testing 1 2 3
/u/JSwyft A11 resource update out
Very surprising only a small increase 30.1Mt to 35.3Mt (I think people were expecting 50Mt)
But 28Mt in measured/indicated categories
Lighter than I was expecting, indeed.
If all that converts into a reserve, it'll give them approx 20 years LOM. Not too bad, but can't justify a stage 2 yet, which is vital.
I think 225ktpa for A11 would be a good end poin (500ktpa whole project), and over no less than 15 years.
To achieve that, they'd need 53mt @ 1.25%.
I am spooked NZS the smelly fish stock itself somehow made money what is this timeline
I'm not prepared for another fish guts saga. My tatoes and gravy investment still haunts me.
what fish guts? 😀 nostalgia
PFT for me, got in at the 'tail end'. Didn't end well...
LPD not sure if great ann or MWII Mission
People who send multiple emails with one file attached rather than just sending one email with all of them.... that will do me gus. I'm out.
Also I am more interested in the CYM cap raise than WR1. More potential for a drop and a rebound. WR1 will just shrug it off, I reckon
will copper pop on supply issues? the bets continue.
copper can pop right after CYM finish their CR and I can buy in
Gmail has surpisingly low transfer limits if they happen to be non-text files? At least I'm hoping this is why haha
There will be plenty people hoping for a Wr1 entry. So I think the shrug is likely
CYM CR. 👀
When you look at the quarterly you can see exactly why
Probably a good time to CR anyway, at least they aren't in the low 7s anymore
how many CRs incoming in shitco land?
It seems like almost all of them are throwing up CRs
now you can identify all the lifestyle shitcos
Yes on the backs of the degens.
A11 resource increased to 35.3mt, pretty meh considering what I think most were expecting, but at least they kept the grade up
WR1 cap raise. Management taking advantage of the recent pump.
ASX set to rise
WR1 i need some solid news. Assays. Anything. The speculation is killing me. Cores were taken months ago.
*Pawn Stars Guy* “Best I can do is a cap raise”.
Can I interest you in a cap raise?
I reckon we’re gonna get our tits blown off by the 007/Cancet Ann, which will set them up for a tasty $6+ CR to fucken feed it to the extended drilling program. PMT and WR1 setting up a new lith dynasty this year.
I’d love that, my tits are primed and ready. Need more drills, helicopters, teams of hiviz dudes with those little pick hammers. Go!!!
Aw shit, Trading Halt!!!
*patiently waits for the penny to drop*
He’s gonna need that page 2 for wiping
“Nobody tell him!”
Reactionary sell off, cunts still scared from last year. Big balls bought and held yesterday, best of luck gents 📈
so i'm only 40% down on IXR now. proudly sitting in the bottom 10% on selfwealth. beautiful.
Congrats Sir, I'll be following your comments closely for snippets of trading strategies
I was bottom 10% for a long time. Finally moved up to bottom 20%. Feel like a god.
I felt bad with my .036 average. Well played sir.
0.043 checking in
no drama mate. here all day.
Will it ever rise again 🥵
IXR with the clay REE FFS. red with the rest 😫
At least NASDAQ was up overnight so those of us in NDQ can continue this recent recovery we’re having.
Amazing pump right at the end in the US. We should be in for some green today lads. Need to claw back yesterdays anal pounding.
Just came in to see if people were talking about that, 13b buyside. Huge bets of FOMC or just end of month allocations, but hopefully ASX recovers a bit cos it's given me a fisting for 2 days and nit the nice kind.
9 am meetings, kill me now
I'm on minimum 1 hour long meetings at 8:30am every day. Thinking about the best way to end it all
Sackable offence when I'm the ceo
I used to whinge about 10am meetings. My condolences
im use to 7am meetings. I suspect it was just so the boss could check who was late.
With the dow looking like it will go up today what it went down yesterday I look forward to the ASX following suit and recouping all of my heavy losses from yesterday. That’s only fair.
We're going green, kids:
**ASX to rise as wage cost data boosts S&P 500**
All three major US benchmarks were to start the final hour of trading after wage cost data bolstered expectations the US Federal Reserve will ease back on interest rate increases this week.
ASX futures were up 33 points or 0.44 per cent to 7458 near 7am AEDT, reversing an early dip.
* On Wall St at 3.06pm: Dow +0.7% S&P +1.1% Nasdaq +1.4%
* In New York: BHP +0.5% Rio +0.3% Atlassian +2.3%
* Tesla +3.7% Apple +0.7% Amazon +2.3%
The employment cost index, a broad gauge of wages and benefits, increased 1 per cent in the fourth quarter, according to the US Labor Department, less than a 1.1 per cent estimate in a Bloomberg survey.
“The key message here is that \[Fed chairman Jerome\] Powell’s oft-expressed fear of the risk of a wage-price spiral is no longer realistic,” Pantheon Macroeconomics’ Ian Shepherdson said in a note.
“Core private sector wage growth leads core-core CPI inflation, and the message now is clear: The Fed should not tighten further. The 0.25 per cent hike tomorrow is a done deal, but we are raising the chance of no hike in March to 70 per cent from 60 per cent.”
The local currency slipped 0.1 per cent; the Bloomberg dollar spot index also slipped 0.1 per cent.
On bitstamp.net, bitcoin was 1.8 per cent higher to $US23,170 near 7.05am AEDT.
The yield on the US 10-year note was 1 basis points lower to 3.53 per cent at 3.05pm in New York.
Local: CoreLogic home value index January; NZ fourth-quarter jobless rate, private wages and employment at 8.45am AEDT
Overseas data: China Caixin manufacturing PMI January at 12.45pm AEDT; Eurozone January CPI at 9pm AEDT, December unemployment rate; US ADP employment report January, December construction spending, ISM January manufacturing
Federal Reserve policy statement at 6am AEDT on Thursday
ASX futures up 33 points or 0.44 per cent to 7458 near 7am AEDT
AUD -0.1% at US70.52¢
Bitcoin +1.8% to $US23,170 near 7.05am AEDT
On Wall St at 3.06pm: Dow +0.7% S&P +1.1% Nasdaq +1.4%
In New York: BHP +0.5% Rio +0.3% Atlassian +2.3%
Tesla +3.7% Apple +0.7% Amazon +2.3%
FTSE -0.1% DAX +0.01% CAC +0.01%
Gold +0.3% at $US1929.09 an ounce at 3.05pm New York
Brent oil -0.5% to $US84.49 a barrel
US 10-year 3.53% Australia 3.55% Germany 2.28%
US prices as of 3.05pm in New York
**US Federal Reserve policy meeting**
Fed policymakers begin a two-day meeting on Wednesday AEDT. They will release a statement at 6am AEDT on Thursday.
TD Securities: “Markets are already priced for a 0.25 per cent rate hike, but pricing for coming months and the terminal rate remains less certain. The Fed’s tone around growth and inflation as well as guidance on further potential hikes could be market-moving.”
Bank of America: “We expect chairman Powell to continue to emphasise that a slower pace of rate hikes does not signal that the Fed’s job is over. The Fed still appears to prefer a higher-for-longer message.
“Hence, we think the decision may be for a smaller 0.25 per cent hike, but the Fed will likely want to avoid the interpretation that this implies a lower terminal rate or an earlier onset of rate cuts than the committee viewed as appropriate when it last met in December.”
Caterpillar posted lower-than-expected quarterly profit for the first time since the start of the pandemic as raw material costs continued to climb.
The maker of iconic yellow bulldozers blamed higher input costs for driving unfavorable manufacturing expenses across its business segments in the fourth quarter, according to its earnings report. Caterpillar’s adjusted earnings of $US3.86 a share missed analysts’ estimates for the first time in 11 quarters.
Exxon Mobil reaped a record $US59 billion annual profit but disappointed some investors by holding the line on share buybacks.
Full-year profit, excluding one-time items, jumped 157 per cent from 2021, far exceeding the driller’s prior record of $US45.2 billion in 2008, which at the time marked the biggest in US corporate history.
Pfizer‘s 2023 forecasts fell short of analysts’ expectations on precipitously declining demand for its blockbuster COVID vaccines and Paxlovid treatment.
The company is predicting 2023 adjusted earnings between $US3.25 and $US3.45 a share, well below analysts average estimate of $US4.31 a share. Revenue for the year will be in the range of $US67 billion to $US71 billion, Pfizer said in a statement. Analysts had expected $US71.7 billion.
McDonald’s fourth-quarter operating margin and its projection for 2023 both fell short of analyst estimates.
The measure of profitability came in at 43.6 per cent for the most recent quarter, below the average estimate of 45.5 per cent compiled by Bloomberg. Looking ahead, the fast-food giant expects its operating margin to be about 45 per cent in 2023, below the consensus estimate of 46.5 per cent.
General Motors expects its earnings momentum to grow this year on higher production volumes after reporting a better-than-expected profit in the last three months of 2022.
The Detroit automaker reported fourth-quarter adjusted profit of $US2.12 a share on Tuesday, beating analysts’ projection for $US1.67 a share. That surpassed a $US1.35 per share a year ago but came in below $US2.25 per share in the third quarter.
Russia supplied Europe with some 17 million tonnes of liquefied natural gas (LNG) last year, up about 20 per cent from 2021 volumes, Refinitiv Eikon data showed on Tuesday, partially offsetting a steep decline in Russian pipeline gas exports.
Europe has been boosting imports of seaborne LNG amid a cut in pipeline gas supplies from Russia due to a deep political crisis over Ukraine.
Russian gas exports to Europe via pipelines plummeted to a post-Soviet low in 2022 as its largest customer cut imports due to the conflict in Ukraine, and a major pipeline was damaged by mysterious blasts.
At the same time, Russia increased its total LNG exports in 2022 by 8.6 per cent to around 33 million tonnes (around 45 billion cubic metres), of which more than half was shipped to Europe, Refinitiv Eikon data showed.
>At the same time, Russia increased its total LNG exports in 2022 by 8.6 per cent to around 33 million tonnes (around 45 billion cubic metres), of which more than half was shipped to Europe, Refinitiv Eikon data showed.
how weird is that? there is the cap on the price by having LNG rather than a pipe. I suppose the higher costs make it possible for US LNG to come in.
SYA better be dark green after yesterday’s bullshit
SYA and SGA; better both go dark green.
Confusing as fuck holding both though.
Yaaaaaaaah… everyone’s wages didn’t go up, so fuck yeah the market runs.
Anyone wetting their whistle on some ARR?
The Pirates of Wyoming
Because they ARR? 🏴☠️
ARR, aint that kept for september 19 matey? (i do hope someone gets it)
aye, that be tha one PJ,
Got some work done to my car, bill of $3400, boy I hope there’s some green day’s incoming
Lol that is legit more than my car is worth
‘2001 Nissan X trail manual drives like a truck 250k’s where roof leaks if it rains’ checking in.
I need to take a long hard look in the mirror
'97 Corolla ?
Should have at least a [million kms on it](https://www.ndtv.com/offbeat/new-zealand-mans-toyota-corolla-hits-two-million-kilometre-milestone-3598653) by now
Certainly would've been a better financial decision, but way less fun.
It brings a tear to my eye when one of my dogs evolves from a mangy, flea-bitten magikarp to a golden gyarados.
The epitome of a true shitty penny stock, I first bought you at 0.7¢ (pre-consolidation), when profits were but a twinkle in my eye. LNY, you’ve now overcome the speccy trappings of constant dilution, debt, lifestyle accusations & subsequent consolidation, to blossom into the actual cash-positive SVG.
I’m so proud. Also, so close to being not-red. But mostly proud! Fool’s gold no more!
Damn, I came to this.
Disappointing Navexa. May as well change your name to budget Sharesight now.
Their plans\\pricing model https://www.navexa.io/pricing
That is shit, free plan is only 10 holdings. I guess it is back to sharesight and multiple email addresses.
sharesight is even shittier. I thought navexa would be the ones to produce a product and drop it into the market at a reasonable price, steal like 80% of market share and get rich. I guess not.
I came here to say this... navexa had a great payment model, and good features at a reasonable price... now it's on the road to being everything that's wring with sharesight. Shitty move.
What was the payment model before?
paid for benchmarking, and certain reports that would be useful for tax. Portfolio size unlimited. I was actually thinking of paying them for like the junior plan, but now I would feel like I would need to go to the second largest plan to get what I had before for free... so I have some soul searching to do.
I just don't understand why it would cost $2-300 a year subscription fee to deliver portfolio tracking software?
It depends how much the ASX charges them.
Providing portfolio tracking services probably counts as providing pricing data and they (when I looked, at least) slap a fat monopoly tax on the right to do that.
On top of that, you have to actually source the data as well, which while cheap for individual use often has "contact us for pricing" eye watering stuff for commercial use.
That said, sharesight seems too expensive for what it is, and this might be too. Maybe he took on some investors who now need to get paid.
A while ago I made one which would run entirely free of having to source any pricing data because of this, you uploaded your transactions and then your current holdings and it would work out P and L with a breakdown per stock etc but what you lose there is the path you took to get there and benchmarking which would need pricing data.
It's not live pricing, which I understand to be the expensive thing, but I guess there's also a fat tax on historical pricing which you would need. Still seems like if you had a decent user base then these costs would be negligible compared to the fees you charge per user. If you have even 5000 users then that's $1m per year at $200 or $1.5m per year at $300. Sharesight must be fairly profitable as they were thinking of listing, navexa if they came in and undercut their business I'm sure they would do fine as well.
Then you wouldn't get so many cheapskates paying for a month of access at tax time either.
sharesight are pretty active here and paying for a tonne of reddit ads etc. so part of your money goes to that kind of shit.
Looks like I Ron is going to go for another run. I'll take that.
gotta love when ronnie runs. he can effect on the whole asx.
Edit: was meant to be a reply to another comment below - ffs
I appreciate you coming by anyway, friend
Here’s hoping SYA climbs back to 0.3 after that gutter stomp
Hopefully another stomping tomorrow, I wanna buy more.
u/Webpage9 - our coal’s being bitch slapped lately 😔
A lot of noise as always with coal from the doom merchants. $US400 was never sustainable and especially now that oil and gas have fallen. But don't believe the peddlers of this is going down to $US50...
I'll be back after WHC ex div date and before payment is due, and I'll confirm for all the doubters the real score 🤰🏾🕺
Think it’ll go back to $10 soon? (My avg buy price is $9.4 😅)
Half yearly and divvy announcement ought to do it 🤰🏾
According to WHC:
- Half yearly is 16 Feb 2023
- (Last years) Div: 11 March
Not sure when the announcement will be though. Got an idea?
I'm expecting it to be in the half yearly (like last time) with an offical announcement a week later or so 🤰🏾
Sorry boys but the juicy dividend/mountains of cash in the WHC coffers is the only thing keeping the sp afloat right now. The general trend for futures is down which means the sp will struggle until that finds a floor, but it could be months yet. I’ll look at getting back in when it does though.
Coal price never did. You can see it clearly decoupled from WHC about two years ago. If it did it would be $30 stock 🤰🏾
The smart money got in at the war and understood what it meant.
I expected a chunk o pain today but consoled myself that id already released my WHC so at least would cop it less on CRN. BUT CRN was my ONLY green today 😳
Im not a coal expert so when I saw the coal price drop 25% i was like “WTF”. But then I was informed this was just the standard rolling contract onto the next month.
Secretary was a macro genius and is just down the shop getting copies while the thunderstorm rolls past for small caps.
Not trading again til Friday I believe
I’m reading just now that GM & LAC has become strategic partners.
Thoughts on this supposedly big news? u/JSwyft u/wowveryjosh
Edit: $650m investment
Not bhad. Good size.
I love the quick pump by some degen on ASN.
>" next in line ASN "
Up 13% in pre market
Bold move by GM, but massive boost for LAC. If Thacker Pass can get approved, it can probably fully produce by 2027. Industry needs to see more such support from auto makers, but they have an extraordinary knack for high risk investment (see Stellantis).
GM would’ve been better off spreading that money among Canadian hard rock specs.
So LAC look to be heading for 15ktpa technical grade & 15ktpa battery grade LCE by the middle of the decade. They’ll then want 60ktpa in whatever grade from an unproven clay process. The market must be confident about those permits, otherwise there’s no way they can maintain the market cap gap over LTR.
Alright they may have sent me to the sin bin to start the year but NXD released some juicy numbers today
We long suspected that ASIC was an unofficial sponsor of Vanguard, permitting all of the VDHG pumping over at Ausfinance. Today it was confirmed: [ASIC commissioner to join Vanguard](https://www.reddit.com/r/auslaw/comments/10ppt7v/asic_commissioner_to_join_vanguard_hughes_was_due/)
In all seriousness...Yawn...it really does not hurt that a genuine sense of orderliness exists. Fiddling while Rome burns (ASX) is so much less stressful when using big words like "macro", balanced portfolio.
Promotion then ?
He'll get a decent pay bump moving to private, and for bonus points, can advise Vanguard about all things ASIC stakeholder management and compliance when he moves across. Don't actually know his role, though expect it would be a selling point.
Portfolio got sent to the slaughter today. Big ouch
Same.. last 2 weeks of gains? Gone
FWIW on the macro’s - retail sales have been under -3.0% MoM for the past three Decembers - if you were a pure statistician you’d query seasonal adjustments.
Also Deutsche claiming RBA terminal rate of 4.1% reached around Aug this year.
name checks out.
Yea I did mention that in the thread, yet again Australian institutions and data are fucking useless. Some thoughts on that:
The last 2 were during covid, which is unhelpful. [Kohler mentioned it] (https://twitter.com/AlanKohler/status/1620339072026959879) and did some recalcs which are interesting, but with no adjustment, it still doesn't help.
The interesting part is if you add both Nov & Dec together for all those years, this year's number still looks pretty dismal [Stolen from twitter here](https://i.imgur.com/Yto1Txz.png)
I think we'll need to see January numbers to really know, but these Nov+Dec numbers also follow sentiment and low household bank balances, so it makes sense they are actually weaker. I believe accounting for inflation+GDP its down YoY.
Its interesting that our terminal rate is still up for so much discussion on range (3.25-4.1%) when ECB, EU and US ranges being discussed are all very tight. Is this because everyone thinks our RBA wont go to 4.1, but they should causing the disparity?
Yeah it's because Phil just doesn't really look like he has it in him
Anyone have any tickers for companies for over 55s, also shorting companies for under 55s?
My DSK thesis in a nutshell.
This actually makes their numbers make a lot more sense now.
Quite like your asx:xro for an occasional swing trade when I am rich. Thanks , may live to do so.
Are you occasionally rich?
Can I short life insurance ?
sudden urge to sell everything and put it on the powerball
Go drop $100k on the Powerball simulator and you'll realise how little chance you have of making any money
that would give you odds of around 1 in 2500-3000 to win the jackpot.
NEVER TELL ME THE ODDS
I like what you did there
Well, today certainly makes it look like March the 1st could be a ghost town in here..
Excuse my ignorance but why? (Ive missed something…..)
Mass ban bet degeneracy, with most people (including myself) taking some premium copium and betting the market will go up
Talking to myself in daily thread, huh...
[UK Credit collapsing](https://i.imgur.com/eZBGJRN.png) & Euro retail data continues to be poor. What happens if retail sales, overall demand, and credit all collapse but inflation stays high?
Riots and looting
We'll know in 3 months
Invest in tinned food and shotguns
u/calm_lengths I think the tin man tripped and fell.
Yellow brick road looking awfully red ahead
Ouch, MLX definitely got given a body blow today.
Tin prices started dropping today as well off the back of concerns about China reopening. Hopefully, it's just a passing concern and more just people taking profits after tin prices on LME has increased 50% over the last 2-3 months
That defensive switch today was pretty convincing on the XJO.
Airtasker (ART) releasing 98.8m shares from voluntary escrow on 15 February.
I'm not sure if I'm fucked
Why are you still holding? How much more can they actually grow?
I love using this app……and yet i wont invest in it.
Hire someone from the app to research it and let you know.
So the US car loan default story that is brewing is interesting.
There are 105m US auto loans, and the number behind on payments is growing fast. A large portion of these would be for used or new cars that have all tanked in price in recent months. So these loans are potentially in significant negative equity.
[Paywalled, but this tweet gives a snippet that the lower quality loans are sold as bonds, much like 2008] (https://twitter.com/f_wintersberger/status/1620341301710573568)
Some are calling GFC 2.0 - there are significant differences, being leverage, volume and value of the loans. But it could be an interesting catalyst for used car prices and subsequent financials linked to them.
People don't leverage car equity to get loans for other cars.
That too. Though they do get car loans while their other car loan is getting repo'd apparently lol
So let's say usually a 12 month low interest period with a repo at the end... moron buys truck for $40k, repayments like $600 a month or something ([https://www.acutx.org/resources/information/calculators/auto-loan-calculator](https://www.acutx.org/resources/information/calculators/auto-loan-calculator)) after 12 months they paid off $5k principal, and $2.2k interest. They default, the vehicle is sold for like $30k, they owe $5k but people still made good interest on the first 12 months. Ripples in the financial market to whoever bought the debt but not tidal waves?
Yea pretty much, but that vehicle sale might just not happen - or happen at fire sale prices. What will happen is a few companies will go bust (like lucid, Carvana etc) and it might take smaller insto with it. The contagion effect is likely extremely low, but it'd be enough for people to be make parallels.
Surely there is waaaayyyyy less exposure than 2008? Could it be contained in the US?
Yea it's no-where near what happened in 2008. The entire auto loan industry is only 1.5 trillion.
For context, the first $700b bailout in 2008 is $959b in today's money and that was a fraction of the losses sustained but was used to keep the system stable. Then there were all the other stimulus and interventions.
So it's not anything in the same realm, but what it could do is trigger some bankruptcies, which can make markets a little jittery and you could have a mini 'lehman' moment.
"ASX set to fall" 😤
What have I done
Time to back up the truck mate!
Loading up on AGE tbh
Been hanging out for a 4c for the last few days. Only realised today that the company is no longer required to issue one 🥺
Renergen with a US listing announcement 🎈
Empire builders.... you should be thrilled.
NVX and IHL send their regards
Their regards regards, or *regards* regards? 🤔
NVX did go over 10 bucks though at one point!
Not since it listed on the Nasdaq
And like a true retard I didn't sell.
Yup.. you’re not alone. I was worried about the CGT because I had held less than 12 months. Idiot
Checking if I’m still banned??
Edit: and I’m not! Whoop! Glad to be back.
Make a new bet ya coward !!
Same here for a check, after a month off
Please someone start a ticker 'LMA' and then issue some options
k here u go mate:
“Lose My Ass Holdings”?
Urea futures down to $415 p/t, lowest since June 2021. Will we ever see the heady days of $1050 p/t again ?
AdBlue baby !! No chatter on the minesite of shortages.
Everyone reconsider your mid last year shortage portfolio.
Well, eggs, the moaners err Miners.
Piss supply increasing, too much cafeine circulating
Whenever it's low, I can't sell my stocks, cuz they would make a loss. Which means I hv no money to buy the dip.
Whenever it's high, I can finally sell my stocks at a profit, but all the other stocks are high too. And mama taught me better than to buy high.
So, the obvious answer: sell high, then wait for the next dip. But the FOMO kicks in my regard brain, which means I never have any money for the bottom 😭.
It’s ironic that XST has over 10% of its MC as cash and had its first cash flow positive year and sits at a MC of 6.5mil yet these other speccy explorers who have nothing hold a MC of 50mil + looks like no forgiveness for being shady management
Doesn't feel like XST are a speccy explorer anymore, just a WI buyer in small oil drillers.
Don't think we'll see any movement of this stock until a consolidation and CR
Looks very familiar…Allow me to introduce you to my friend SHE !
It has 108% of its market cap as cash (yes), and is into its second FCF positive year.
Sitting at a MC of $9.6m
We must be shithouse at reading pnl statements and balance sheets or something 🤷♂️
Makes no sense, maybe people don’t want seemingly successful company’s
What happened to lithium today? Bad news?
I think it’s the guy who bought a SYA yesterdays fault
Fuck that guy. Everyone buy the dip at the end of this week, except him.
That fuck. Could have been a homie and bought ZIP or something instead
Thanks to ASN finally seeing some green, maybe I should sell out of my portfolio and invest in my dream to become a professional nutsack makeup artist?
The work can be a bit smelly but art is art.
El Macro! German retail sales Dec, consensus 0.2%, actual -5.3%.
EU GPD tonight going to be interesting, consensus -0.1%.
Errr actual -2.65%.
Do I win a prize ?
I see what I did there !!
Not sure what you’re on about Sharpy
Everything in PF red except ESS. She's going to $1 on release of the scoping study🤠
RLT just announced they are preparing an IPO for their listing on the Nasdaq - hopefully this excites the market a bit. It’s a dog stock but it’s my favourite dog stock.
BMO (a Chilean focused gold and tin miner) have extended their DD period out from 31/01 to 21/02 while they suss out buying some Canadian lithium mining royalties from a Canadian mining royalty company. They've also had to go and hire a (Chilean experienced) lithium guy to help them with the DD. As a $5.7m market cap company it doesn't make sense how this 'opportunity' has landed in their lap.
They've also got a MC of $5.7m after raising $7m since listing in March 2021. That's a special kind of achievement right there, especially as it's an explorer that hasn't found anything of note while exploring.
Current share price is $0.053. Going on record to say it won't end well for shareholders come Feb 21/22 as they're dabbling outside their area of expertise.