Haha remember that time we all put way too much money into a Zimbabwean oil and gas exploration company then the equipment got stuck in the hole and broke so now it's back to the drawing board haha
I really believe people should invest if ther capital is less than, say, 500k and only begin trading above that. Those 3% gains on 10k are only worth the learning experience. That is the strategy I am adopting. Did 2 years of playing around and now invested in one company a solid amount of money
**PMT / MIN Rumour Continued**
Next days broker data revealed (03-02-2023)
[https://ibb.co/hd8tNf3](https://ibb.co/hd8tNf3)
Another \~$5.3M worth of shares bought at an average of $1.642
I wonder when a 'Becoming a substantial holder' ann will be released
Notes:
Total money spent so far \~$33M
Actual average based on all their buys $1.463
Track the old posts here:
1. [https://www.reddit.com/r/ASX\_banned/comments/10ofev4/comment/j6gjov4/?utm\_source=share&utm\_medium=web2x&context=3](https://www.reddit.com/r/ASX_banned/comments/10ofev4/comment/j6gjov4/?utm_source=share&utm_medium=web2x&context=3)
2. [https://www.reddit.com/r/ASX\_Bets/comments/10uq3ij/comment/j7eddym/?utm\_source=reddit&utm\_medium=web2x&context=3](https://www.reddit.com/r/ASX_Bets/comments/10uq3ij/comment/j7eddym/?utm_source=reddit&utm_medium=web2x&context=3)
3. [https://www.reddit.com/r/ASX\_Bets/comments/10vktab/comment/j7i4rd9/?utm\_source=reddit&utm\_medium=web2x&context=3](https://www.reddit.com/r/ASX_Bets/comments/10vktab/comment/j7i4rd9/?utm_source=reddit&utm_medium=web2x&context=3)
4.
It is known yes, been over the media and HC
Im just following the story to see how it all pans out
Interested to see how long they keep buying and at what prices etc.
Can anyone explain the absolute obsession with rights issues by retail investors?
The only things I can think of:
- SPPs *sometimes* have a little pop at the end
- People don't feel like they're left out for not being "sophisticated" or institutional
- they get to feel like they're contributing?
It often feels like they'd rather buy SPP shares than on the open market and it's a weird phenomenon given that a typical CR is much cheaper and 9 times out of 10 provides exactly the same opportunity to buy those exact same shares.
The mismatch between offshore buildout targets and manufacturing capacities is big. So big, it threatens the offshore wind expansion. At least in Europe when you look into it they have way over-promised and Australia is similar.
I think there's money to be made there but I have no idea how..
S&P 500 soars on Powell's declining inflation remarks, ASX to rise
ASX 200 futures are trading 34 points higher, up 0.45% as of 8:15 am AEDT.
The S&P 500 snaps a two-day losing streak after Powell said he expects 2023 to be a "year of significant declines in inflation", megacap tech stocks rally between 2-5% and oil prices jump almost 4% on China optimism.
🚀🚀🚀🚀
UBS has decided to "update" their view on Lithium - though not much has changed. Still have BUY on AKE, IGO & MIN - neutral (up from SELL) on PLS.
u/JSwyft \- FYI on what they are seeing for EV sales.
>**Lithium Route Recalculated**
>
>**Updating our Destination**
In this note we update our lithium model with the latest views across UBS' auto / battery / mining teams. Our top-of-market EV assumption (c. 54% EV penetration by 2030e) sees us remain constructive on the commodity, and despite revising our supply higher (10-20% from 2025e) we still see deficits through the decade on a cumulative basis.
>
>**Demand: Stay on the Highway**
Our autos team sees global EV sales reaching 14m units in 2023e (+34% y/y) and continuing to grow at 30% CAGR through to 2025e (and c. 16% CAGR 2025-30). We are cognizant of the risks around our forecasts, including: 1) China EV subsidies rolling off, 2) the trajectory of China's economy following its rapid reopening & 3) broader macro recession risks. Indeed, we have seen some price weakness in the China domestic market to this extent (link). However, we think initiatives like the IRA are net positive for demand and only starting to play out (i.e. their role in the latest EV price wars). Our EV (and accompanying battery) forecast flow directly into our lithium view - we see demand lifting from c.800kt in 2022e 5x to c. 4Mt by 2030.
>
>**Supply: Congestion Ahead**
We have updated our supply database to incorporate a more detailed view on opaque China supply with the help of our China Materials team. This additional granularity has allowed us to lift our supply projections from 2025e (10-20%), and sees forecast supply lift from 795kt in 2022e to \~3.3Mt in 2030e. A caveat: our supply forecast remains optimistic on timelines being met (and despite projects continuing to lag i.e. AKE, MIN, & IGO); there is work to be done on reconciling announced projects vs. actual production. Indeed, a key point from ALB's strategy day was the multi-year effort required to get projects online (see our US Chemicals team recap here).
>
>
>
>**UBS View: Lithium preferred commodity on multi-year view**
We recently upgraded our spod/chemical prices by up to 50% (link). In Australia, **AKE, MIN & IGO are all BUY rated vs. PLS (NEUTRAL)**. In the broader universe, we are BUY rated on Ganfeng & Tianqi while ALB is NEUTRAL rated.
The three UBS analyst’s are supposed to know this stuff. But they have spent the past 3 weeks doing backflip double over somersaults on recommendations.
Poor flow rates, poor API, not commercial quantity recoverable, pressure blow outs, water ingress into the well. Plenty but this is a massive discovery once in a life time for some and odds are with it for now. I just want others to not miss this chance
I don’t want people to blindly follow and buy in I am just hoping if I bring it to light enough than someone might read up a bit on it and do some of their own research and see what is really on offer here. We’re all here to make money and I want as many people to as they can, of course there’s always risk but it’s as good of shot as any currently on offer
Cheers I hope so to
Yeah at the end of the day people are 100% responsible for their own decisions.
But I do think there’s a following of yours on here that haven’t seen nearly as much commentary about the issues raised above (edit: again, not your problem, but just trying to balance the ledger a touch).
They are but people will still blame others when it goes wrong, hence why I want people to research it on their own. I think those risks are honestly implied with any oil and gas appraisal. I think people should be aware enough to realises they are factors in any appraisal program and are by no means “hidden” if there was something dodgy with the company than yes that’s a lot less clear but the negatives I mentioned are all standard possibilities once a well gets drilling
Buy 2000 @ $5.59 US sold at $3.07 US I wanted to sell yday but they had two halts last half hour yday and dont know how long those go for as not familiar with their methods. Then had to get the kids to school and im like meh ill hold overnight. Never.again. Plus even more fucked i sold NVDA to fund it which went up more today. Anyway this is asx bets but thought id share my news :)
>*Try to keep up old timer.*
And then...
>*stick to your day job at Reddit, I think it aligns to your skill set better.I’m sure thousands of followers over there will lap up the quartz vein theory lolthankfully I’m not one of them*
What a fuckhead.
Nah Josho is just plain wrong
Can’t believe how many noobs missed this at 18 cents
Wr1 already had 3mt and if you look at the old mtc results back in the day they were onto something at Adina. They just didn’t follow up .
?? Hasnt traded in over a year on commsec ? What am i missing? At any rate yet another rare earth player……ive already been burnt to death by those fuckers no more for me 😂
So theres an interesting perspective for the 'soft landing' crowd. 2006-7 articles and 2000 talking about soft landings. The crazy thing is how early discussions of economic turmoil is from the actual perception of events now. We think 2008, particularly later from a markets perspective. Extrapolate these articles and you could easily see 2022 as 2007 in an extended bear market like the gfc.
https://twitter.com/MichaelKantro/status/1622883261637599232?t=V3R1G7euAIcvMbvGkDAKWw&s=19
Nice find. You might also enjoy this if you haven’t seen it yet:
https://www.reddit.com/r/atayls/comments/10v2r1i/one_year_ago/?utm_source=share&utm_medium=ios_app&utm_name=iossmf
When someone makes an economic prediction about an uncertain future, the only certainty is that those who disagree will use !remindme to do a big fucking "told ya so" in a year's time if it doesn't work out.
(Though, in this case, you probably only needed a couple of months because war in Ukraine sealed the inflationary deal).
**Defaulted to one day.**
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Former ASX darling Sausage Software from the late 90s and 2001 crash:
> An early micro-payment system called the eVend Cashlet
> "At its peak, just before the dot com crash in April 2000, Sausage shares hit $40, briefly valuing the company at close to $1 billion.
A year later the stock had fallen to $1.80"
$10 by Christmas?
Also, the days before diversity: "[Telstra appoints second director to Sausage board](https://www.asx.com.au/asx/v2/statistics/displayAnnouncement.do?display=text&issuerId=3361&announcementId=697125&documentDate=1999-12-23&documentNumber=156666)"
I think the macro situation is going to get worse before it gets better and that the current run in the american market is a massive deadcat bounce. BBBY on the verge of bankruptcy suddenly up 330% on the month and people think thats sustainable?
Cant beat inflation with negative interest rates and assuming the US governments figures are correct (which i highly doubt) they are still negative interest rates. Im happy to keep stacking cash im out of the american market now (only held SLV anyways) and im back to building up my cash position.
Money goes from the impatient to the patient when investing and i believe that delaying my entry by another 6-12 months will pay off greatly. I will be buying into american tech growth / ethereum when the time comes as I am trying to catch the next wave up when the bull run begins again.
You dont have to be perfect with your timing and you dont need to pick the best stocks a rising tide raises all ships and you have to be pretty retarded to lose money if the FED starts feeding cocaine to the markets again (massive QE) and cutting rates.
Just googled BBBY and that is up 115% in 5 days
Currently -47% in pre-market
Surely this is some sort of pump and dump as I used to see WSB talk about BBBY all the time
What's wrong with crypto? I made a fortune off it the last bull run. It mirrors the NASDAQ almost. Next bull run it will pump no doubt when risk on assets go for another run
I made a small fortune off it the last bull run and it introduced me to trading. Mirrors the NASDAQ now anyways and is the second largest crypto. No doubt it will pump when risk on assets pump. Look at the last month's performance
i've read that they are providing litquidity to the markets again because of the debt ceiling somehow. they can allegedly sustain it by june. yellen is supposed to be doing it.
honestly, openpay trading at 19 cents before going into administration just shows how cooked the ASX is, they've never turned a profit, have no cash on hand and people somehow valued the company at that price?!.... come on.
enjoy you're higher electricity bills
https://www.reddit.com/r/Futurology/comments/10v4n3e/south_australia_plans_worlds_largest_electrolyzer/
it's a stupid plan just like some methods of co2 capture are (for example fans that separate it from the air and store it _somewhere_). why don't you just build a nuke? worst koreans are well experienced with their design and will probably be the cheapest and fastest way to actually build it. you will also be able to produce hydrogen with the excess heat and power.
* Can't understand what controls the price of electricity
* Can't understand CCS is not the same as stored H2
* Can't understand storing and burning H2 is just a little fucking easier than the nuclear cycle in terms of lifecycle and permitting
* Can't understand SA now exports excess renewable power for profit
* Can't spell
What a smoothbrain you are, welcome aboard
> Can't understand storing and burning H2 is just a little fucking easier than the nuclear cycle in terms of lifecycle and permitting
but it's not cheap to produce it. it would be better if you could produce it at night (when the nuc reactor is still running at full power, but the overall load is lower, so they sell the electricity very cheaply) and burn it during daytime peaks.
CCS and stored H2 - i was just remarking that those are two big future projects that are going nowhere imo (at least until 2040ish, 2100 target year would probably be different).
it's true wrt. permitting and overall lifecycle but if it will take electricity from the grid during the daytime, that will mean it will be more expensive for the consumers.
If it gets up, it will probably be load-only, with the hydrogen being used as a feedstock for value-adding industrial processes, rather than the hydrogen power plant they're proposing to go alongside the electrolysis and storage.
It makes more sense to use all the flavours of grid storage batteries for grid storage. It's being pushed by the [Sam Crafter guy who did the Hornsdale Power Reserve](https://reneweconomy.com.au/the-radical-plan-to-build-worlds-biggest-green-electrolyser-and-hydrogen-power-plant/), the success of which seems to have gone to his head. But the Tesla Big Battery looked good on paper, it was a question of trust and execution whereas stacking up hydrogen conversion losses do not look good on paper.
I will listen to the podcast he was on and report back if enlightened.
OK, he's not that daft, it was an idea that came from Government and he has to try to get most of it done. A little daft though, he said stored Hydrogen might be useful for power during a renewables drought, but that's when you'd value efficiency and could be using longer-term storage V batteries, reserving your stored H for industry. But now I know how to pronounce Bonython.
it's not that cheap compared to nuclear in the long run. hydrogen is also hard to store (a certain big balloon comes to mind), it leaks from tanks (helium has that problem too), causes hydrogen embrittlement etc. and it has poor conversion efficiency (from electrolysis to burning it or using it in fuel cells). it's even worse if it's stored as ammonia (or methane) since you have to also break that bond apart before using it. it's also a new, unproven tehnology, so it's a definite yolo by the govt with the taxpayer money.
germany is doing a similar yolo - they want to source it from canada with renewables powering (solar, wind) the electrolysis and transport it via the atlantic on a massive scale (probably for all their needs). by 2030, even though the tech is more or less still in the labs.
Sorry I don’t buy the unproven bit. I used it in a high school project 15 years ago, as did the space shuttle and Apollo. Nuclear has not come under budget or in time for decades. Plus it’s “cheaper” until you factor in fuel costs (both finding/mining costs and environmental) plus the hazardous waste storage.
Politely disagree.
waste can be reprocessed, i don't think that fuel is THAT expensive (although maybe shipping it from kazakhstan, russia or america to AUS might be). it's of course a huge upfront cost, but then it works for decades.
electrolysis in HS is one thing, but on an industrial scale it's quite another. there is some research done though: https://www.lindehydrogen.com/ but there are no operational large scale projects yet.
there is some research on running engines on a mix of hydrogen and diesel though but that's probably far from being in use. https://www.pv-magazine.com/2023/02/01/australian-startup-develops-systems-to-inject-hydrogen-into-diesel-engines/
Because it is no longer stupidly cheap renewable energy when you inefficiently convert it to hydrogen using a completely unproven system.
Expect this project to be massively delayed and then shutdown early.
Maybe have a hunt around google about nuclear generation… nothing has been built recently on time or under budget, plus you have massive waste storage expenses.
Sorry, don’t buy the “hydrogen is unproven tech” story. I did a high school project using a fuel cell and hydrogen to store energy 15year ago. It’s been proven in space shuttles and Apollo.
I never mentioned nuclear. I think you are confusing me for haarp1
I also never said “hydrogen is unproven tech”. Existing commercial hydrogen is produced using fossil fuels. Creating hydrogen from green energy at scale is unproven.
I think it is good that they are investing in to green energy, but I wish they would invest in whatever has the best bang for buck, rather then the new shiny thing.
Yeah maybe, sorry!
I used to be a supporter of nuclear but the more I read and learnt, I came to the conclusion that it’s not the solution in almost every case. Thorium fuel is a maybe for *some* cases but generally speaking, backed renewables is the far superior option.
Thorium reactors are still a long way off becoming mainstream. Still lots of problems.
China is investing in thorium reactor research, but that is probably because they want to be less dependent on imported Uranium.
> As a pure short-term energy storage and dispatch technology, though, hydrogen frankly sucks in comparison to batteries. The round-trip efficiency is less than 50%, compared to high-90s for lithium batteries, so you're effectively throwing half your precious renewable energy away doing things this way. It's also a pain to store, unless you take an extra step to convert it into ammonia or some other more easily managed solid or liquid. It's unlikely to come close to competing with big batteries on a Levelized Cost of Storage (LCoS) basis, which is largely why nobody else is moving forward on a similar project.
i wonder how much electricity will it produce (not that much is needed during the night anyway) & what the total costs will be.
Platts is claiming that [lithium prices have nudged upwards](https://twitter.com/RodneyHooper13/status/1622862926544789505/photo/1) again in China, courtesy of Rodney Hooper.
"DDP China" is the leading market indicator, and apparently Platts is accessing this info at point of negotiation, which should beat my customary source by a few days, which is still showing a slight downtrend.
I'm not convinced yet, but given the insane 70% upswing on SYA from 17c, there could be a trade or two among the developers (**assuming Platts's call is correct!**). BTW, that wasn't shorts unwinding on SYA (how??), so it must've been a stampede of FOMO. My theory got blasted.
CXO may have a few people rubbing their hands together—still has 9% of the float shorted. I'm not sure if I'm game to gamble on a temporary pump without an obvious near term catalyst though.
Once again, don't know if Platts is calling this one correctly, because it's impossible to know what range of markets they're using. I believe other agencies are using a narrower sample of Shanghai dominant markets, in addition to the wrong grade.
Edit: Platts released this info on Friday, and a spate of markets just came through. I feel like their call is wrong. Will do usual update tomorrow.
SYA: There were a very small number of shorts being unwound, but technically they can resell them back and just hold the shorts open and we'd not know, after it runs they'd probably opt to extend the contract, so I wouldn't rule out short action being somewhat responsible for some of SYAs movement cos it was pretty fucky.
I'd rather lick a skunk's stink glands for the entire duration of a long haul flight, than read one more fucking HeVY position post on a day with a small intra-day bounce.
Fuckers only came here to pump their dog stock.
Have a look at the course of sales. They'll be depressed again dw.
Also looks as though the majority of buys in the last week is one of them adding more. 🤣
How can I get details of all ASX announcements from the last few years in one file?
I wanna see who the top contenders are for most '*response to ASX query*' announcements, will chart it and post it to the sub.
u/DareBottle any ideas?
https://hotcopper.com.au/search/11059032/?q=%22Response+to+ASX+Query%22&t=post&o=date&c[visible]=true&c[title_only]=1
Surprisingly if you can manipulate the HC search engine, it is actually quite good at pulling historical announcements.
You could then either use a script or even excel can pull this data out as a table
How does https://asx.api.markitdigital.com/asx-research/1.0/markets/announcements?page=0&itemsPerPage=10000 go for you? There will be many pages to churn through so you'll need to parse and process each one until the API runs out.
Haha remember that time we all put way too much money into a Zimbabwean oil and gas exploration company then the equipment got stuck in the hole and broke so now it's back to the drawing board haha
Good times all around. But why you post in yesterdays pre...
Because.. I am not very smart..
I really believe people should invest if ther capital is less than, say, 500k and only begin trading above that. Those 3% gains on 10k are only worth the learning experience. That is the strategy I am adopting. Did 2 years of playing around and now invested in one company a solid amount of money
I would actually say that I strongly prefer investing over trading in all cases. The asx bets in all of this is betting on a small cap company 😂
Go FLT!!!!!!!!
I havent had a green day in a week…… please let today break that run 😬
February has been pretty shit so far.
**PMT / MIN Rumour Continued** Next days broker data revealed (03-02-2023) [https://ibb.co/hd8tNf3](https://ibb.co/hd8tNf3) Another \~$5.3M worth of shares bought at an average of $1.642 I wonder when a 'Becoming a substantial holder' ann will be released Notes: Total money spent so far \~$33M Actual average based on all their buys $1.463 Track the old posts here: 1. [https://www.reddit.com/r/ASX\_banned/comments/10ofev4/comment/j6gjov4/?utm\_source=share&utm\_medium=web2x&context=3](https://www.reddit.com/r/ASX_banned/comments/10ofev4/comment/j6gjov4/?utm_source=share&utm_medium=web2x&context=3) 2. [https://www.reddit.com/r/ASX\_Bets/comments/10uq3ij/comment/j7eddym/?utm\_source=reddit&utm\_medium=web2x&context=3](https://www.reddit.com/r/ASX_Bets/comments/10uq3ij/comment/j7eddym/?utm_source=reddit&utm_medium=web2x&context=3) 3. [https://www.reddit.com/r/ASX\_Bets/comments/10vktab/comment/j7i4rd9/?utm\_source=reddit&utm\_medium=web2x&context=3](https://www.reddit.com/r/ASX_Bets/comments/10vktab/comment/j7i4rd9/?utm_source=reddit&utm_medium=web2x&context=3) 4.
Would you assume this is widely known? Therefore, it is priced in?
It is known yes, been over the media and HC Im just following the story to see how it all pans out Interested to see how long they keep buying and at what prices etc.
Thanks for your updates. Appreciated!
Great LRS announcement. I look forward to it ending the week down 5%
optimist
This is the way.
Can anyone explain the absolute obsession with rights issues by retail investors? The only things I can think of: - SPPs *sometimes* have a little pop at the end - People don't feel like they're left out for not being "sophisticated" or institutional - they get to feel like they're contributing? It often feels like they'd rather buy SPP shares than on the open market and it's a weird phenomenon given that a typical CR is much cheaper and 9 times out of 10 provides exactly the same opportunity to buy those exact same shares.
I did one once early days before i learnt that i could just buy the shit on market same or better AND not have to fuck about with paperwork.
The mismatch between offshore buildout targets and manufacturing capacities is big. So big, it threatens the offshore wind expansion. At least in Europe when you look into it they have way over-promised and Australia is similar. I think there's money to be made there but I have no idea how..
Invest in the EPCI / T&I contractors ?
AFR summary 🚀🚀🚀🚀
Who was the person who used to do AFR premarket summaries?
Wow, the stock I hold is going 10X in the next 6 months. What is the stock I hold?
EXR
10:1 Consolidation.
DW8
AVZ
whichever stock is showing a cup and handle formation !!
ANL
Chicken
Ingham's
ASX set to rise
S&P 500 soars on Powell's declining inflation remarks, ASX to rise ASX 200 futures are trading 34 points higher, up 0.45% as of 8:15 am AEDT. The S&P 500 snaps a two-day losing streak after Powell said he expects 2023 to be a "year of significant declines in inflation", megacap tech stocks rally between 2-5% and oil prices jump almost 4% on China optimism. 🚀🚀🚀🚀
Bulls in control
Prospect looking really ripe right now
It’s Wednesday and the Aldi catalogue is not out. Very bad sign
Puts on the middle aisle
It’s the opposite of Rockets
I blame Putin
These technical indicators
If my pf could start going up like interest rates pls
UBS has decided to "update" their view on Lithium - though not much has changed. Still have BUY on AKE, IGO & MIN - neutral (up from SELL) on PLS. u/JSwyft \- FYI on what they are seeing for EV sales. >**Lithium Route Recalculated** > >**Updating our Destination** In this note we update our lithium model with the latest views across UBS' auto / battery / mining teams. Our top-of-market EV assumption (c. 54% EV penetration by 2030e) sees us remain constructive on the commodity, and despite revising our supply higher (10-20% from 2025e) we still see deficits through the decade on a cumulative basis. > >**Demand: Stay on the Highway** Our autos team sees global EV sales reaching 14m units in 2023e (+34% y/y) and continuing to grow at 30% CAGR through to 2025e (and c. 16% CAGR 2025-30). We are cognizant of the risks around our forecasts, including: 1) China EV subsidies rolling off, 2) the trajectory of China's economy following its rapid reopening & 3) broader macro recession risks. Indeed, we have seen some price weakness in the China domestic market to this extent (link). However, we think initiatives like the IRA are net positive for demand and only starting to play out (i.e. their role in the latest EV price wars). Our EV (and accompanying battery) forecast flow directly into our lithium view - we see demand lifting from c.800kt in 2022e 5x to c. 4Mt by 2030. > >**Supply: Congestion Ahead** We have updated our supply database to incorporate a more detailed view on opaque China supply with the help of our China Materials team. This additional granularity has allowed us to lift our supply projections from 2025e (10-20%), and sees forecast supply lift from 795kt in 2022e to \~3.3Mt in 2030e. A caveat: our supply forecast remains optimistic on timelines being met (and despite projects continuing to lag i.e. AKE, MIN, & IGO); there is work to be done on reconciling announced projects vs. actual production. Indeed, a key point from ALB's strategy day was the multi-year effort required to get projects online (see our US Chemicals team recap here). > > > >**UBS View: Lithium preferred commodity on multi-year view** We recently upgraded our spod/chemical prices by up to 50% (link). In Australia, **AKE, MIN & IGO are all BUY rated vs. PLS (NEUTRAL)**. In the broader universe, we are BUY rated on Ganfeng & Tianqi while ALB is NEUTRAL rated.
Is this the report I saw where they had a continual growing supply deficit but a crashing lithium price? 🤡
The reports become funnier as they go along. . .Li deficit = Li commodity crash is the latest.🤔
The three UBS analyst’s are supposed to know this stuff. But they have spent the past 3 weeks doing backflip double over somersaults on recommendations.
Surely BM8 is our new stock response to 'what should I buy' in memory of our long lost troll ?
Oh sick BM7 sequel. Retardation 2.0 - The retardening
Can you give EXR some upside ASX gods pls
I just saw the EXR chart. What is the motivation behind buying that rollercoaster?
I need 40% from here to breakeven so yes please.
I need 0.9 % so not quite as bad
Ended up buying a parcel at .14 yesterday, here’s hoping for confirmation of commercial discovery in the coming months.
👍
I reckon MAY will have a good day today cracking the .105, if the pre market bids stack up should be a solid open
Call me a cynic, but the constant talk of upside seems disingenuous. What are your concerns with MAY? (If any).
Poor flow rates, poor API, not commercial quantity recoverable, pressure blow outs, water ingress into the well. Plenty but this is a massive discovery once in a life time for some and odds are with it for now. I just want others to not miss this chance
Fair enough mate. Thanks for the transparency. Must’ve been a hell of a ride for you, hope it all works out. 🤝
I don’t want people to blindly follow and buy in I am just hoping if I bring it to light enough than someone might read up a bit on it and do some of their own research and see what is really on offer here. We’re all here to make money and I want as many people to as they can, of course there’s always risk but it’s as good of shot as any currently on offer Cheers I hope so to
Yeah at the end of the day people are 100% responsible for their own decisions. But I do think there’s a following of yours on here that haven’t seen nearly as much commentary about the issues raised above (edit: again, not your problem, but just trying to balance the ledger a touch).
They are but people will still blame others when it goes wrong, hence why I want people to research it on their own. I think those risks are honestly implied with any oil and gas appraisal. I think people should be aware enough to realises they are factors in any appraisal program and are by no means “hidden” if there was something dodgy with the company than yes that’s a lot less clear but the negatives I mentioned are all standard possibilities once a well gets drilling
🦘 bulls still in control
That’s a kangaroo you’ve got there
Kangaroo Bull, very common back home.
A Bulloo? A kangull?
Got creamed buying BBBY yesterday. From now on sticking to the ASX and its offerings.
You'll probably be the same amount of dumbfuck on the ASX if you bought BBBY cos WSB is pumping it.
I try and buy whatever is getting pumped. Weed, check, towels, check, bnpl, check, outstanding results from digging hole in the ground, check, etc.
Out of all the times to buy you bought yesterday? I’m honestly amazed
Ouch what convinced you to buy after that run up?
I think a bit of fomo which is dumb-o
https://www.reddit.com/r/wallstreetbets/comments/10vjtno/when_you_buy_after_100_run/
I know i know.
Pay the toll, show unto us your suffering
Buy 2000 @ $5.59 US sold at $3.07 US I wanted to sell yday but they had two halts last half hour yday and dont know how long those go for as not familiar with their methods. Then had to get the kids to school and im like meh ill hold overnight. Never.again. Plus even more fucked i sold NVDA to fund it which went up more today. Anyway this is asx bets but thought id share my news :)
Not sure if you're still holding but if so you about to make some money dude.
Nah sold. Ah just read the news, that’d be right. Up 500% tnyt I bet.
Might sell my META shares and hop on the train for the night.
Ive only got roblox and unity software left in US for the metaverse which isnt really happening. Down 50% on each still. Steering clear of US for now.
I lost like 65% of my US account last year 🤡
Yeah do it haha.
Should’ve held. The MOASS is coming soon
Wait you bought near the end of session, fuck dude, that's juicy retardation
Yeah bought around breakfast time, spoon of vita brits + sultanas in one hand, phone in the other making trades.
Love it
On the plus side, at least you know you're regarded enough to belong on this sub..
The breakfast suggests some intelligence……for the behaviour id have expected fruit loops in that bowl!! Better luck next time! (That flair 😂)
A picture would be nice it's hard to jerk off to just text but I'll try
> it's hard to jerk off to just text but I'll try 50 Shades of Red
FED CHAIR POWELL: EXPECT 2023 TO BE A YEAR OF SIGNIFICANT DECLINE IN INFLATION ... *bulls nod with approval
And then energy rips and inflation back on
Powell has never made an incorrect statement regarding inflation.
Right
Is it national Barry day today?
sadly, monday till friday has "national barry day" potential.
If reddit is to be believed then one more 0.25 basis point rise from Lowe should trigger the purge
I'm going to become a millionaire, just as soon as everyone else realises IDT Australia is the next CSL
Someone else holding bags from the Covid vaccine hope I was sooo green at one point in time 😭
Not possible, RHY will be the next CSL. Down with the poop tube!!!
That 6 month chart makes me want to throw up. What does IDT do ?
Been holding that bag for so long. Biggest ragret
#WR1 days since last ASX fuck-up: ~~88~~ 0
>*Try to keep up old timer.* And then... >*stick to your day job at Reddit, I think it aligns to your skill set better.I’m sure thousands of followers over there will lap up the quartz vein theory lolthankfully I’m not one of them* What a fuckhead.
Just a down ramper trying to get his fill, don't quick your day job. Back to reddit, this is going straight to $20 😉
The HC crew didn't appreciate your thoughts on 007. Anything contrary to 3% grades is blasphemy.
Nah Josho is just plain wrong Can’t believe how many noobs missed this at 18 cents Wr1 already had 3mt and if you look at the old mtc results back in the day they were onto something at Adina. They just didn’t follow up .
"gUYs iTs a hIgH gRaDe zONe!!!!"
In time people will realise the real strike length of Adina which will be 3km a lot of it from surface . There was a reason for the wildcat hole 043
No one cares boomer. Fuck off back to your echo chamber.
Touchy. Must have hit a sore spot . Keep believing your on own BS . Sure way to lose money . Thought you were smarter . I was wrong
Same soil XD
Time to jump on that CR
If I become PM of Australia I propose the markets open twice a day!
What happened Ticker VIA it is up 100% in one day wow!
It’s in suspension you knob
?? Hasnt traded in over a year on commsec ? What am i missing? At any rate yet another rare earth player……ive already been burnt to death by those fuckers no more for me 😂
Oh hasn’t it been traded ?
Is no-one Gona mention WBT reaching $1B(au) market cap today? No? I guess I will. Hey guys, WBT reached $1B(au) market cap today
Just a wee bit of cash
[that's alot of nuts!](https://youtu.be/IRl3r4q_dUY)
Holy smokes!
[Pre-market summary.](https://imgflip.com/s/meme/Sad-Pablo-Escobar.jpg)
Fk you EXR do something
Please be more specific. You mean something GOOD. Dont challenge it to just do any old thing cos there is always more down …..
Hopefully can do better than finish on a pip
Go low so I can buy, then go high so I can sell
ANL
So theres an interesting perspective for the 'soft landing' crowd. 2006-7 articles and 2000 talking about soft landings. The crazy thing is how early discussions of economic turmoil is from the actual perception of events now. We think 2008, particularly later from a markets perspective. Extrapolate these articles and you could easily see 2022 as 2007 in an extended bear market like the gfc. https://twitter.com/MichaelKantro/status/1622883261637599232?t=V3R1G7euAIcvMbvGkDAKWw&s=19
Nice find. You might also enjoy this if you haven’t seen it yet: https://www.reddit.com/r/atayls/comments/10v2r1i/one_year_ago/?utm_source=share&utm_medium=ios_app&utm_name=iossmf
When someone makes an economic prediction about an uncertain future, the only certainty is that those who disagree will use !remindme to do a big fucking "told ya so" in a year's time if it doesn't work out. (Though, in this case, you probably only needed a couple of months because war in Ukraine sealed the inflationary deal).
**Defaulted to one day.** I will be messaging you on [**2023-02-08 18:31:52 UTC**](http://www.wolframalpha.com/input/?i=2023-02-08%2018:31:52%20UTC%20To%20Local%20Time) to remind you of [**this link**](https://www.reddit.com/r/ASX_Bets/comments/10vvdpz/premarket_thread_for_general_trading_and_plans/j7lp4md/?context=3) [**CLICK THIS LINK**](https://www.reddit.com/message/compose/?to=RemindMeBot&subject=Reminder&message=%5Bhttps%3A%2F%2Fwww.reddit.com%2Fr%2FASX_Bets%2Fcomments%2F10vvdpz%2Fpremarket_thread_for_general_trading_and_plans%2Fj7lp4md%2F%5D%0A%0ARemindMe%21%202023-02-08%2018%3A31%3A52%20UTC) to send a PM to also be reminded and to reduce spam. ^(Parent commenter can ) [^(delete this message to hide from others.)](https://www.reddit.com/message/compose/?to=RemindMeBot&subject=Delete%20Comment&message=Delete%21%2010vvdpz) ***** |[^(Info)](https://www.reddit.com/r/RemindMeBot/comments/e1bko7/remindmebot_info_v21/)|[^(Custom)](https://www.reddit.com/message/compose/?to=RemindMeBot&subject=Reminder&message=%5BLink%20or%20message%20inside%20square%20brackets%5D%0A%0ARemindMe%21%20Time%20period%20here)|[^(Your Reminders)](https://www.reddit.com/message/compose/?to=RemindMeBot&subject=List%20Of%20Reminders&message=MyReminders%21)|[^(Feedback)](https://www.reddit.com/message/compose/?to=Watchful1&subject=RemindMeBot%20Feedback)| |-|-|-|-|
I'm excited to see how wrong everyone is again in 12 months, because honestly the current economic cycle is absolutely wild.
I was so oblivious to the world around me as an 18yo in 2007.
My plan is to hold pretty much everything I have no matter what. Is that the good move? 👍
Farming those franking credits
I don't even get them because I'm not Australian for tax purposes 😭
Deport him
What do you mean? Did they see your dumb trades and strip you of your citizenship?
Dont think he’s a citizen …
I'm a citizen but not a resident.
Iluminati confirmed!
Former ASX darling Sausage Software from the late 90s and 2001 crash: > An early micro-payment system called the eVend Cashlet > "At its peak, just before the dot com crash in April 2000, Sausage shares hit $40, briefly valuing the company at close to $1 billion. A year later the stock had fallen to $1.80" $10 by Christmas? Also, the days before diversity: "[Telstra appoints second director to Sausage board](https://www.asx.com.au/asx/v2/statistics/displayAnnouncement.do?display=text&issuerId=3361&announcementId=697125&documentDate=1999-12-23&documentNumber=156666)"
Oooh vintage scam dream.
I think the macro situation is going to get worse before it gets better and that the current run in the american market is a massive deadcat bounce. BBBY on the verge of bankruptcy suddenly up 330% on the month and people think thats sustainable? Cant beat inflation with negative interest rates and assuming the US governments figures are correct (which i highly doubt) they are still negative interest rates. Im happy to keep stacking cash im out of the american market now (only held SLV anyways) and im back to building up my cash position. Money goes from the impatient to the patient when investing and i believe that delaying my entry by another 6-12 months will pay off greatly. I will be buying into american tech growth / ethereum when the time comes as I am trying to catch the next wave up when the bull run begins again. You dont have to be perfect with your timing and you dont need to pick the best stocks a rising tide raises all ships and you have to be pretty retarded to lose money if the FED starts feeding cocaine to the markets again (massive QE) and cutting rates.
Bull run begun months ago. Also BBBY is a fucking meme, using that to support your argument is nonsense.
Just googled BBBY and that is up 115% in 5 days Currently -47% in pre-market Surely this is some sort of pump and dump as I used to see WSB talk about BBBY all the time
Fringe subreddits and discords manipulate this stock like it is a shitcoin
Lol all that shit by you went out the window when you said you will buy crypto 😂
All that shit went by me when I saw 4 paragraphs
What's wrong with crypto? I made a fortune off it the last bull run. It mirrors the NASDAQ almost. Next bull run it will pump no doubt when risk on assets go for another run
Why Ethereum?
I made a small fortune off it the last bull run and it introduced me to trading. Mirrors the NASDAQ now anyways and is the second largest crypto. No doubt it will pump when risk on assets pump. Look at the last month's performance
i've read that they are providing litquidity to the markets again because of the debt ceiling somehow. they can allegedly sustain it by june. yellen is supposed to be doing it.
That sounds like cooker nonsense
https://www.reuters.com/markets/us/yellen-says-taking-steps-enhance-treasury-market-funds-resilience-2022-10-24/
How does that article support what you said?
christ, the amount of conspiracy theory garbage that has taken off since the pandemic hit does my head in
honestly, openpay trading at 19 cents before going into administration just shows how cooked the ASX is, they've never turned a profit, have no cash on hand and people somehow valued the company at that price?!.... come on.
Still lots of delusion out there, & plenty more to go bust yet
They are selling dreams
Are you talking about WMC?
[удалено]
Sounds like they did same messy CR before going under. It’s scammy cr if they go under immediately after that.
enjoy you're higher electricity bills https://www.reddit.com/r/Futurology/comments/10v4n3e/south_australia_plans_worlds_largest_electrolyzer/ it's a stupid plan just like some methods of co2 capture are (for example fans that separate it from the air and store it _somewhere_). why don't you just build a nuke? worst koreans are well experienced with their design and will probably be the cheapest and fastest way to actually build it. you will also be able to produce hydrogen with the excess heat and power.
* Can't understand what controls the price of electricity * Can't understand CCS is not the same as stored H2 * Can't understand storing and burning H2 is just a little fucking easier than the nuclear cycle in terms of lifecycle and permitting * Can't understand SA now exports excess renewable power for profit * Can't spell What a smoothbrain you are, welcome aboard
> Can't understand storing and burning H2 is just a little fucking easier than the nuclear cycle in terms of lifecycle and permitting but it's not cheap to produce it. it would be better if you could produce it at night (when the nuc reactor is still running at full power, but the overall load is lower, so they sell the electricity very cheaply) and burn it during daytime peaks. CCS and stored H2 - i was just remarking that those are two big future projects that are going nowhere imo (at least until 2040ish, 2100 target year would probably be different). it's true wrt. permitting and overall lifecycle but if it will take electricity from the grid during the daytime, that will mean it will be more expensive for the consumers.
Explain how storing stupidly cheap renewable energy with hydrogen is a bad idea…
If it gets up, it will probably be load-only, with the hydrogen being used as a feedstock for value-adding industrial processes, rather than the hydrogen power plant they're proposing to go alongside the electrolysis and storage. It makes more sense to use all the flavours of grid storage batteries for grid storage. It's being pushed by the [Sam Crafter guy who did the Hornsdale Power Reserve](https://reneweconomy.com.au/the-radical-plan-to-build-worlds-biggest-green-electrolyser-and-hydrogen-power-plant/), the success of which seems to have gone to his head. But the Tesla Big Battery looked good on paper, it was a question of trust and execution whereas stacking up hydrogen conversion losses do not look good on paper. I will listen to the podcast he was on and report back if enlightened. OK, he's not that daft, it was an idea that came from Government and he has to try to get most of it done. A little daft though, he said stored Hydrogen might be useful for power during a renewables drought, but that's when you'd value efficiency and could be using longer-term storage V batteries, reserving your stored H for industry. But now I know how to pronounce Bonython.
I agree that H in the grid has a time and place in, but we’re more likely to see a mix of H plus Li, Vanadium, and spinning mass reserve.
it's not that cheap compared to nuclear in the long run. hydrogen is also hard to store (a certain big balloon comes to mind), it leaks from tanks (helium has that problem too), causes hydrogen embrittlement etc. and it has poor conversion efficiency (from electrolysis to burning it or using it in fuel cells). it's even worse if it's stored as ammonia (or methane) since you have to also break that bond apart before using it. it's also a new, unproven tehnology, so it's a definite yolo by the govt with the taxpayer money. germany is doing a similar yolo - they want to source it from canada with renewables powering (solar, wind) the electrolysis and transport it via the atlantic on a massive scale (probably for all their needs). by 2030, even though the tech is more or less still in the labs.
Sorry I don’t buy the unproven bit. I used it in a high school project 15 years ago, as did the space shuttle and Apollo. Nuclear has not come under budget or in time for decades. Plus it’s “cheaper” until you factor in fuel costs (both finding/mining costs and environmental) plus the hazardous waste storage. Politely disagree.
waste can be reprocessed, i don't think that fuel is THAT expensive (although maybe shipping it from kazakhstan, russia or america to AUS might be). it's of course a huge upfront cost, but then it works for decades. electrolysis in HS is one thing, but on an industrial scale it's quite another. there is some research done though: https://www.lindehydrogen.com/ but there are no operational large scale projects yet. there is some research on running engines on a mix of hydrogen and diesel though but that's probably far from being in use. https://www.pv-magazine.com/2023/02/01/australian-startup-develops-systems-to-inject-hydrogen-into-diesel-engines/
No horse in this race but nothing gets built on time or under budget
Sounds like you need better project managers 😛
Because it is no longer stupidly cheap renewable energy when you inefficiently convert it to hydrogen using a completely unproven system. Expect this project to be massively delayed and then shutdown early.
Maybe have a hunt around google about nuclear generation… nothing has been built recently on time or under budget, plus you have massive waste storage expenses. Sorry, don’t buy the “hydrogen is unproven tech” story. I did a high school project using a fuel cell and hydrogen to store energy 15year ago. It’s been proven in space shuttles and Apollo.
I never mentioned nuclear. I think you are confusing me for haarp1 I also never said “hydrogen is unproven tech”. Existing commercial hydrogen is produced using fossil fuels. Creating hydrogen from green energy at scale is unproven. I think it is good that they are investing in to green energy, but I wish they would invest in whatever has the best bang for buck, rather then the new shiny thing.
Yeah maybe, sorry! I used to be a supporter of nuclear but the more I read and learnt, I came to the conclusion that it’s not the solution in almost every case. Thorium fuel is a maybe for *some* cases but generally speaking, backed renewables is the far superior option.
Thorium reactors are still a long way off becoming mainstream. Still lots of problems. China is investing in thorium reactor research, but that is probably because they want to be less dependent on imported Uranium.
It is quite the tax payer funded yolo.
> As a pure short-term energy storage and dispatch technology, though, hydrogen frankly sucks in comparison to batteries. The round-trip efficiency is less than 50%, compared to high-90s for lithium batteries, so you're effectively throwing half your precious renewable energy away doing things this way. It's also a pain to store, unless you take an extra step to convert it into ammonia or some other more easily managed solid or liquid. It's unlikely to come close to competing with big batteries on a Levelized Cost of Storage (LCoS) basis, which is largely why nobody else is moving forward on a similar project. i wonder how much electricity will it produce (not that much is needed during the night anyway) & what the total costs will be.
Long tracks Fat stacks Big floppy dick flaps
What’s a dick flap?
"A elongated foreskin that protrudes unusually past the tip of the penis."
Platts is claiming that [lithium prices have nudged upwards](https://twitter.com/RodneyHooper13/status/1622862926544789505/photo/1) again in China, courtesy of Rodney Hooper. "DDP China" is the leading market indicator, and apparently Platts is accessing this info at point of negotiation, which should beat my customary source by a few days, which is still showing a slight downtrend. I'm not convinced yet, but given the insane 70% upswing on SYA from 17c, there could be a trade or two among the developers (**assuming Platts's call is correct!**). BTW, that wasn't shorts unwinding on SYA (how??), so it must've been a stampede of FOMO. My theory got blasted. CXO may have a few people rubbing their hands together—still has 9% of the float shorted. I'm not sure if I'm game to gamble on a temporary pump without an obvious near term catalyst though. Once again, don't know if Platts is calling this one correctly, because it's impossible to know what range of markets they're using. I believe other agencies are using a narrower sample of Shanghai dominant markets, in addition to the wrong grade. Edit: Platts released this info on Friday, and a spate of markets just came through. I feel like their call is wrong. Will do usual update tomorrow.
Swyfty giving me my morning erection!
SYA: There were a very small number of shorts being unwound, but technically they can resell them back and just hold the shorts open and we'd not know, after it runs they'd probably opt to extend the contract, so I wouldn't rule out short action being somewhat responsible for some of SYAs movement cos it was pretty fucky.
I'd rather lick a skunk's stink glands for the entire duration of a long haul flight, than read one more fucking HeVY position post on a day with a small intra-day bounce. Fuckers only came here to pump their dog stock.
I do like that if one person sold 1 share at market, it would of been back to 0% from 19% for the day.
Kervio licks skunk's scent Noses wrinkle, eyes tear up Stench fills the air.
If it walks like a dog and barks like a dog, it's a dog 🐶
Have a look at the course of sales. They'll be depressed again dw. Also looks as though the majority of buys in the last week is one of them adding more. 🤣
At this point they are just desperately hoping for either someone with deep pockets and no brains, or for the project to actually work out, I guess.
How can I get details of all ASX announcements from the last few years in one file? I wanna see who the top contenders are for most '*response to ASX query*' announcements, will chart it and post it to the sub. u/DareBottle any ideas?
I have gotten announcement titles before. I can’t remember how, let me think on it.
https://hotcopper.com.au/search/11059032/?q=%22Response+to+ASX+Query%22&t=post&o=date&c[visible]=true&c[title_only]=1 Surprisingly if you can manipulate the HC search engine, it is actually quite good at pulling historical announcements. You could then either use a script or even excel can pull this data out as a table
Haha who woulda thunk it?! Thanks.
How does https://asx.api.markitdigital.com/asx-research/1.0/markets/announcements?page=0&itemsPerPage=10000 go for you? There will be many pages to churn through so you'll need to parse and process each one until the API runs out.