T O P

Market Open thread for General Trading and Plans for Thursday, April 27, 2023

Marsvoltian

today was the greenest day I've had in a very long time, sadly I ran out of capital to buy these dips like 6 months ago. I don't care as long as they just recover


auskier

Well that was a right, royal fisting today


Dude_Chucks

SYR you fucking dog, cheeky 5% drop yesterday pre-announcement , another 9.8% down today on announcement. An NPV range of $500m doesn’t give huge confidence


FruitfulFraud

Yes, very ugly. However, excellent margins on material processed in the USA and the outlook for Graphite is more bullish than lithium in the medium term. Demand for anodes grew by 46% in 2022, compared to a 14% growth in supply for flake graphite. (Benchmark Mineral Intelligence) and analysts expect demand for Graphite flake to exceed supply over the next decade. I am hoping we see a deficit in the latter half of 2023 onwards. The Chinese are manipulating the market as they are known to do, but it will come to bite them as it hampers new supply coming online.


Salamander-7142S

Tried to average down one of my dogs. Partially executed order… 15 shares at $0.345. Average unit cost increases. 🤦‍♂️


Comfortable_Fox1

Don’t forget brokerage fees


Salamander-7142S

That’s why it increased.


Big_Package2650

Even for transient orders, I set an expiry of months to avoid exactly this situation - bask in my cleveredness, if you will


anomaly256

Fuckin'ell Barry


SugeKnight_StandOver

Bit of a sell off on PMT, was thinking of buying some to flip but didn't pull the trigger. Have done it successfully previously but decided id try my luck on a PLS trade instead (i keep some money aside to try some swing trades from time to time - that's called *diversification*). By the way we're approaching May and the usual 'sell in May and go Away'. Keep it in mind and plan ahead. Based on the stocks i was following (lithium) last year the decline began in April (after a nice April rally) and bottomed out around June-July. Keep it in mind when/if backing up your truck. ​ Some examples (but i cant remember if there were any other external factors that contributed to this): LTR: april high 1.95 - bottom in July 0.95 GL1: april high 2.46 - bottom in July 1.03 PLS: april high 3.46 - bottom in July 2.10 ​ My memory is farkked so i cant remember when GS unleashed their FUD ​ I was planning to be out of any long positions by now but i find myself still in AZS. Hoping for one more pump because im a greedy bastard (never a good thing *"pigs get slaughtered"* I am a pig) - then ill probably sit out and wait for June-July before taking any new long positions - unless i come across a good trading opportunity etc. That's my plan anyway so we'll see how it goes. (shit rarely goes to plan) ​ Also not sure how a rising lithium price (if it does start rising) will affect this and whether that can counter the yearly June-July sell off (probably not - but might lessen the severity?)


Klutzy_Vegetable5805

From memory roughly April 5th/6th was the peak stock price for many or most Li explorers last year but was due to the sudden combination of two strong macro factors being the Li price peaking and then falling in combination with the large dump in equities globally due to inflation and rates. I don’t see either of these two factors playing out in 2023, if anything Li prices may be bottoming and now rising while inflation (at least for now), is on a downward trajectory.


WowVeryJosh

Late May early June was peak GS


LukeGoodnadress

April rally? All I've been doing all month is losing 2 - 3% pretty much every single day.


Comfortable_Fox1

They also said the Christmas rally was real and it didn’t happen in dec last yeah. Jan ripped hard though


pmac0303

PLS has been edging all day...


Chemistryset8

I'm edging rn


madDcent

I’ll take RNU finishing up grey as a win. These days, you just have to be glass half full.


Polite_Jello_377

Works for me 👍


Meh-Levolent

So is anyone actually making any money at the moment? Seems like it's just one red day after another.


Chemistryset8

Not this week but I'm up 19% over the 12 mths. Nice early pickups on TLG (35%) and A4N (38%) rode out the bumps.


FruitfulFraud

Feels like every investment decision I have made since January has been the wrong one. I have companies which I bought only to see them drop 25% within 2 weeks and hit my stop loss, kicking me out. No where to hide and it will probably get worse until July with insane tax selling coming up. Hell of a ride.


InterestingShow1112

Topping up ASM - timed to perfection 🧐 \+1.46% on a red day - I hope that still means I get to be part of the GFM tomorrow


shitforbrainstoo

A bit over this boring ASX, so much so that I only check my portfolio every 6 mins now rather than the usual 5 mins.


Dazzling-Economist94

QPM at one stage was like a wet dog who had run through the house and left mud everywhere. Straight out the back and put away into hiding. Seems to have cleaned himself up recently, might let him back inside


Chucking_Peaches

Just noticed VAL today, why?


Chucking_Peaches

Copper?


Qambi1

PLS with that later arvo recovery


sneakycutler

Where can we check the latest update on how much a company has shares on issue?


Polite_Jello_377

https://www.marketindex.com.au/


Mysterious_Value_764

I use yahoo finance app. You gotta click on - show all key statistics.


Competitive_Copy2451

[Lithium prices have bottomed.](https://www.reddit.com/r/ASX_Bets/comments/1309eb0/lithium_price_bottom/) 🍑


Crumpy88

Guys literally want one thing and it’s fucking disgusting


Mysterious_Value_764

600,000 CNY/T 💦💦💦


Whateverididntwantit

threw my remaining cash at PLS for tomorrow, let's see how it plays out


mattdaemonv2

you have cash left?


Whateverididntwantit

a dog came BaRKing yesterday and I put it down and salvaged some meat


Mysterious_Value_764

Picking the bones


TheEarlySeller

When does PLS finish cooking their books, is that after close?


Far_Unit9020

Dunno, I was expecting it released this morning 🤷‍♂️ After close it is.


Walady36

MAY MAY


Competitive_Copy2451

mayday mayday!


johnwicked4

six six six... seven seven seven... eight...


Sunvmikey

MAY is like a turbo car today it lagged at the start but now it's taking off


mattdaemonv2

that is the dumbest analogy


Polite_Jello_377

Have you driven a turbo?


Instantly-Regret

MAY is like water on dirt that turned into mud and is now going higher


anomaly256

MAY is like the swamp gas and cow farts that smelled like shit initially but are now powering SpaceX rocket engines after being compressed into a liquid and stored at cryogenic temperatures?


Far_Unit9020

MAY today is like me waking up hungover and then getting on the gear


Qambi1

It’s rare seeing AKE green when PLS & Co. are all red


FruitfulFraud

Oversold the day before I guess.


Kind_West7116

Wow kogan


Chucking_Peaches

Share buy back affecting it?


Leadership-Quiet

Jesus, much more of this and I'll have to skulk down to corridor and hang out with Ausfinance people instead. Then I can learn to reuse old toenail clippings as cheap pillow stuffings or whatever they do there.


lostdollar

Ausfinance: If you jizz into the frypan and get your protein that way you can save a lot of money on eggs


Neither_Storage7619

Been in indo for a couple weeks and turns out reddit doesn’t work there ? What did I miss cucks. Probably the same shit different smell ey.


Meh-Levolent

You missed the great bukkake race. Shhh, guys, don't tell him about it.


Chucking_Peaches

CNJO (options) appeared on my portfolio today, yes took it up. In hindsight, I should have waited till today and bought em at the ridiculous price they are being traded at right now! Question is, do I buy a few 100k worth first day on the market? The joy of a good mental & emotional wrestle alone 😔


Chucking_Peaches

Apparently doing this makes me "in the money" OMG it sounds great, but bank account says otherwise 😢


AureusStone

Not enough liquidity to do that


sneakycutler

Have a buy order in BHP at $38 ever since i sold out. But if RNU drops around ~$0.19 im tempted to add there


throw23w55443h

If there's some macro event I am keeping a keen eye on this one to get way oversold, its a fickle stock.


cohex

Borisboy promised 18c awhile ago, I'm still waiting.


sneakycutler

Borisboy?


Polite_Jello_377

HC former RNU megaramper turned end of days down ramper


cohex

I missed the mega ramper part, for RNU?


Polite_Jello_377

Yeah before he went all doom and gloom he was insanely bullish (or just stupid) on RNU


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Chemistryset8

Oh it's my neighbour


Qambi1

Farken dope beats tho


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Qambi1

Looks like a got new tracks to add to my Spotify playlist 👍🏾


Crumpy88

Fuck, that is so good


jockr64

Haha, Aussie Gold right there!!!!🤣 Cunt should be PM!!!


Mysterious_Value_764

As the young folk would say, that is Dope I believe.


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Denominator_K

no cap no cap


Polite_Jello_377

On god


kervio

ACF ex-divvy today but still green. It's the Darren Buffett in the dog house that is my portfolio.


HeiPando

PLS is just floating lol... Not even AKE at 4% can lift it up much.


alllrandom

Still above what you sold it for.


HeiPando

For now.


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megadrive65

Haven't heard any thoughts on thoughts in a while,thoughts?


Mysterious_Value_764

I'm in thought now myself, thoughts on this.


zupahorse

What happened EYE guy?


yothuyindi

got his exit liquidity pump & ran most likely


icanhasanonymity

He was framed


anomaly256

Lost sight of the prize, no one's seen them since. A bit myopic if you ask me but I'm sure they'll be in contact soon. Keep an eye out


shitforbrainstoo

Directors were near sighted, no longer term vision for the company. Too focussed on details. Tunnel vision with their blinkers on.


zupahorse

I'd recommend drops


waveyjayvey

Fuck you WR1. You're dead to me.


Apotheosis

If you're worried about the SP movement, some patience is required for assays to come in. Or better yet, some research as to what they are likely sitting on and what would be a fair valuation for that compared to its peers.


Mysterious_Value_764

You'll be back, we always do


hgttg

EXR from .127 to .14 on some pretty big buys...um, I'll take it


Markma1989

Big news coming in ? One dollar party ?


discotastic

RNU nooo! My only sliver of green is getting ever so slivery…er…


InterestingShow1112

Happy cake day 🍰 ​ like when you have a saw foot and get punched in the arm to distract you from the foot pain.


anomaly256

🪚🦶🩸 Punch in the arm isn't gonna distract me from that


ProfessorJimHarris

Pain is temporary pain is temporary


sneakycutler

Losses are forever


degenmaximus

No one warned me the red would be this bad…


HeiPando

I swear I did... May is dumping season...


Sufficient_Guess2732

Do you lose more money on the ASX or does your Nan lose more on the pokies?


flatblade3mm

Asking the real questions


RetardedHands

AVL quarterly, sitting on $23m cash with no debt, progressing well across all areas. Possibly some further volatility and downside given market conditions, but definitely one for the watchlist.


MaximumGirth343

It's a bit reddish out there innit


InterestingShow1112

ASO doing ASO - I know it so well, yet I just watch the profits disappear each time


throw23w55443h

A tale as old as time, I was too greedy and didnt hand my SRN bags bag waiting for them to be completely refilled...


cjptog

Why is AKE green today while rest are red?


new_handle

Talk of a Rio Tinto takeover of AKE.


HeiPando

Bots at work. Shares above the $10 are easily to control due to volume.


AntiCGT

My guess: A lot of their revenue I'd from Lithium Carbonate sales, carbonate prices ticked up for the first time in months yesterday.


cjptog

Thanks. Not that I am complaining.


yothuyindi

all this bombardment of company announcements, and I am currently up 0.01% for the day 🤡 the excitement of the current ASX knows no bounds


alllrandom

Last 2 days been pretty shit for EXR. Dog status: strong


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InterestingShow1112

Was *that* the bottom ......


johnwicked4

fuck it, i bought in to dca down watch it crash and burn further because i fomo'ed in on the single green day out of 30 red days


Polite_Jello_377

Gonna be plenty more opportunities to throw good money after bad in the future


johnwicked4

Mods, i thought this was a safe space


theres_a_crisis

The drama between the moneyofmine podcast and PMT hotcopper forum is a delight to read.


WowVeryJosh

That's quality


johnwicked4

what's the drama? it's been lacking since that 65year oldceo stopped using tik tok to update his 20year old gf?


flatblade3mm

Day 2 of waiting for BRK to buy back shares.


SnooDonuts1536

as you wished for u/kervio


kervio

Does it come in oddly shaped fittings for those of us with deformed heads? I feel like this is important.


arisu_gganbu

Probably leave the memes for people who actually can


Mysterious_Value_764

Bearish on sales in this sub.


WeatherOutside

And the frustrating bear market grinds on, hang in there people it will turn. One day. Maybe.


InterestingShow1112

I’ll keep mentioning it as news heating up that Mozambique will be where the party starts next. President says it’s safe as houses mate, get those drills turning bois 👀 RBR


EMHURLEY

Buying more SCHW tonight


Mr_X2017

What's next? A controlling stake in a textile manufacturing company?


Secondary92

Partially fulfilled order has ruined my clean number of shares held, someone get me the manager's number please.


FameLuck

Getting pooped on today


Lubeymc

Just gotta wait for the buyback to kick in hopefully, then maybe a strong June quarterly and then some form of unspecified monetisation event at some point. Maybe 2 cents by Christmas 😉🤞


FameLuck

I want 4 cents now 😤


Calm_Lengths

Getting in on some 2 girls 1 cup action?


Crumpy88

That's hot


rhythm34

SYR DFS for 45ktpa AAM is not great. US$540m capex, NPV in the range of US$208-794m. At the lower end of the range that’s not a viable project is it? $200m NPV with a 6 year payback and 13% IRR. Lot of risk for little return. TLG holders, what do we make of the AAM pricing used by SYR? Range of $5-7k/t is still a concern for TLG when they’re forecasting $10-12k/t. Easy to say Talga’s anode is higher performance so commands a higher sale price, but until binding offtakes are signed to confirm the price there’s a big risk there. That pricing also highlights the worth of an AAM offtake with Tesla, or lack of it. Take note MNS holders.


[deleted]

Very significant price delta. Has my attention for sure. The $10-12k/t came from Benchmark Mineral Intelligence. Bad intel, big AAM quality difference? Combination of both? Is the SYR and TLG AAM apples to apples? Nice to see some numbers at least, sheds some light on the Tesla deals. For what its worth NVX has indicated many times their plans revolve around an anode price of approx $10/kt as well, so if the going price is closer to $5-7k then that would be a surprise for everybody. Makes me think SYR's AAM may not be the best, and/or they were shafted by Tesla?


rhythm34

I’ve seen graphitic AAM material price forecasts anywhere between $5-20k+/t. My understand is that with natural graphite anode there is no real apples-to-apples comparison, all have different characteristics hence the extended qualification periods required. The stuff in the ground and the way it is processed will both contribute to its properties to different extents. The properties will determine what someone is willing to pay for it. Syrah have long forecast a number of around $7k/t as have NMG (Canada). TLG have always been an outlier, supposedly because of the superior quality. Without a binding offtake you have to take the company’s word that the BMI forecast is achievable. I suspect that the hold up with the ACC and Verkor deals are that a pricing mechanism can’t be agreed upon. If pricing cant be agreed in-line with the Vittangi DFS then the Talga investment case starts to look shaky. It’s a big risk, one at the moment I’m comfortable with but the longer it drags on and the longer graphite anode pricing doesn’t move upwards, the wobblier I’ll get. The Syrah numbers do look very poor. NVX is a bit different because synthetic graphite does command higher pricing due to different performance characteristics and the ability to produce a more uniform supply, because it doesn’t need the natural graphite input. I’d suggest $10k/t+ is much more achievable, but with that comes a much higher carbon footprint which comes with its own problems. At the higher end EV1 are claiming their AAM from natural graphite in Tanzania would command $US18-22k/t. Dreaming. I would also add that the BMI numbers used by Talga have to viewed through the lens of BMI being a paid consultant to TLG for the DFS. I’m not sure how close Mark Thompson of Talga is to Simon Moores of BMI but they do seem to be acquainted. That shouldn’t make a difference but I would try to not underestimate the influence a personal network can make.


anaussieinhere

ASM: we did what we said we would! Market: 👎


staytha

Literally anyone: we did the thing 🤭 Market: SHUT THE FUCK UP LOSER Literally anyone: 😕


InterestingShow1112

Looks like IDT is still alive - who needs to manufacture vaccines when there are "Specialty Orals"


SnooDonuts1536

Lol PLS


biowza

Snoo on PLS red days * "LOL PLS" * "PLS to $2" * "LOL I told you so" * "haha PLS sheep" * \*making memes\* * Losers, etc Snoo on PLS green days "I'm busy" 🤡🤡🤡


SnooDonuts1536

I had been honestly busy for the last 10 days


dopeyphysio

Is quarterly supposed to come out today?


Luxim_

You don't think it will end green with results tomorrow?


SnooDonuts1536

I’d say -20% tomorrow


tsaund1974

Your just saying that because you’ve got a bet running so can’t be called on that statement 😉


kervio

my favourite running gag at the moment. Do you sell "PLS to $2" mugs or hats? I must have one.


Luxim_

🤣


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Ruskiwasthebest1975

Surely you can just do a CR to get “boots on the ground” or heck we go to bunnings and buy the display shed to erect…..and CR that progress…..but be sure its the discounted one with three walls cos the market likes 3 walls for a bit.


FameLuck

Buy a drill? What the fuck for? You'll get 8 CR's out of surface rock samples, including pumps for boots on the ground. Record a fart on site and you've got potential gas deposits. Grind up whatever radioactive element they use in older fire alarms - bam! High surface radioactive scans. Scratch your gold ring on a sample rock - elevated gold levels. Grab some rocks from under the car - oil soaked porous rocks found. And of course - smash a lithium battery with a rock, call it a spodumene sample. Billion dollar site, all without leaving dads farm


eucalyptusmacrocarpa

I'll make you a nice PowerPoint and do some late afternoon drone photos


check_meat

Put the smashed battery on a leaf and tell mum, waddaya know we have an anode qualification plant and are in advanced negotiations with interested parties.


SatansFriendlyCat

On a leaf! 😂


eucalyptusmacrocarpa

It's green credentials


WowVeryJosh

You even think about putting boots on the ground and you're done champ


staytha

Steel toes on terra firma


kervio

u/wowveryjosh this guy stealing our ideas. Let's discuss how we take him down later over a cold dare and a nice walk through the ol' "tenements".


InterestingShow1112

Happy to be the dude with the handheld metal detector for $200k and 5 mil performance shares for turning up to 5 meetings a year (those meetings are director fees on top of course)


anaussieinhere

Go ya halves


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No-Knee-4576

Blackmores have a nice take over bid Yesterdays close to as $76 a share Take over is for $95 Market opened today at $93.60. Anyway with that said Don’t forget to take your vitamins this morning.


staytha

Who wants them?


MaximumGirth343

So LMG is making decent headway into engineering and construction timelines - grossly 30% complete. Vic government grants being announced in the next couple of weeks which LMG projects should qualify for, and these should be significant amounts with respect to the market cap. Balances all looking good too!


johnwicked4

MAY 🙏


Rum-Ham-Jabroni

Looks very shaky


InterestingShow1112

Quarterlies and Cap Raise TH everywhere I look


Mobile_Community8561

How you gonna raise capital at ATL?


InterestingShow1112

Easily it seems


Mobile_Community8561

Management - "some of you (all retail) may die through dilution, but that's a sacrifice I'm willing to make (because I still make money)"


InterestingShow1112

Gotta pay those director fees and exec salaries somehow 💰


kervio

One of my shares is suspended indefinitely because they don't have enough going on to still be considered worthy of the ASX, and they'll only be let back in if they find some ground to put some boots on.


tsaund1974

I’ve got tld in that category and kpo and TZL might as well be.. both stubbornly only 99% down…


kervio

You just want to scream at the screen "FINISH HIM!" but they just won't die


tsaund1974

TZL didn’t even win me the bets dog contest …


kervio

My bets dog struck lithium and has doubled in value. 🤷‍♂️


tsaund1974

I had a dog that did that… two actually!


Mysterious_Value_764

I'm going to need that ticker. Sounds perfect


degenmaximus

Also KLI bout to raise at ATL if that tickles your fancy…


kervio

DNK but to be fair to management, they sold their only project recently and they promise to almost definitely pay shareholders most of the money from the sale. So, fingers crossed?


Mysterious_Value_764

Enough DD here 👍


kervio

Sadly you can't actually buy the stock since they are suspended, but you can admire their work from afar.


Mysterious_Value_764

On my watch list


EMHURLEY

To be fair that’s a step up from most dog stocks here


InterestingShow1112

'worthy of the ASX' such a high bar 🤦‍♂️


MaximumGirth343

Sounds promising