T O P

Market Open thread for General Trading and Plans for Monday, May 01, 2023

InterestingShow1112

\+0.53% is still green - so should be happy, as did dip to a bit of red and almost +2%. Clawing back the losses bit by bit


ChZakalwe

IXR grey. That poor bastard


kris_s14

PNV in a trading halt pending an announcement regarding revenue. Last time they did a halt was back in 2020. Hopefully it’s an amazing result to burn the shorters and all my top ups on the dips will pay off. Currently have $15.4K worth.


Mysterious_Value_764

Well that turned nasty midway thru. Just shat itself.


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dababyking12

Not too late to get on ENR. Next door to wa1 😉😉😉


Polite_Jello_377

Niobium scam dream


arisu_gganbu

PLS. Almost single-handedly kept my portfolio green


ewanelaborate

🖊 🍑


arisu_gganbu

Can't decipher what this means


alllrandom

How? It was down 3.3%


arisu_gganbu

Bought my first parcel at $3.55


Fruityboy

WBT starting to look interesting again.


Calculated-Punt

Cap raise has settled. back to stockpiling on the daily


johnwicked4

MAY changed share registries, is there any red flags with a company doing this or just a normal business operation saving money?


prettyboiclique

This was also after they did a small shareholder sale facility to get rid of like 2000 holders who had less than $500 of MAY, citing the cost of recordkeeping etc. So they're probably just getting a better deal at the new share registry.


Church_of_FootStool

Spending much less time looking at the market and financial goings on, spending much more time looking up top 20 type youtube videos for minecraft.


yothuyindi

what ever happened to GNX after it got approached for a potential buyout a while back? Looks like it's been pretty much tumbleweeds since? intriguing in terms of one of the limited renewables plays on the ASX that actually already has assets & generates some revenue, pumped hydro project in the works, $64 mil cash at bank, share price currently sitting pretty low historically, revenue increasing... shitloads of debt though hmm 🤔


TheEarlySeller

AGL probably good for this?


Chemistryset8

Tbh I just assumed the Qld state Gov would buy them up at some point.


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Chemistryset8

That's true on the one hand, but they're also funding the water pipeline from Rockhampton to Gladstone purely for hydrogen. There's many inside the gov that think green H2 exports are the future and they're looking to monopolize the supply (owning sunwater, Gladstone ports, CS energy and Stanwell already locks up a heap of it) Of course the jury is very much still out on the viability of H2 exports.


Crumpy88

https://ibb.co/xGwJTLL


Polite_Jello_377

$14 seems reasonable


scorpio_

Anal-ysts


AntiCGT

If my stocks could just go up 0.08% every day, I would be happy.


Far_Unit9020

You should be, that would be better than Buffett's long term performance of 20% pa 💡


AntiCGT

;)


Educational_Peanut17

Will cobalt ever bounce back? 🥲


Polite_Jello_377

The children yearn for the mines


eucalyptusmacrocarpa

I think all the battery metals will have to bounce back at some point, the gazillion dollar question is when? If you want something that bounces back, should have bought rubber


cohex

Feeling blue are we?


Educational_Peanut17

Extremely


Fresh_Slip5535

Anyone holding QAN? I know it's a blue chip and not a speccy, just wondering if anyone has any high side targets for it? I am sitting on some profits and not sure on an exit price


ChZakalwe

Does QANTAS even make money?!


Synkronicity

I recently sold. The general public hate Qantas with the passion and their outlook seems riskier than other "Bluechip" stocks on the ASX. Im down horrendous tho so what do i know


Far_Unit9020

The leprechaun will leave massive fleet replacement costs behind as a big FU to his predecessor


eucalyptusmacrocarpa

His successor? (His postdecessor?)


Far_Unit9020

Either, or


OldMateHarry

>predecessor successor, maybe


TrampSwaps

Zoom out on the chart and look at the mid 2000's and ask yourself if QAN is better positioned among its competition now than then.


[deleted]

Is NVX the bargain of the decade at the moment? What am I missing?


johnwicked4

I bought in heavily...


coastie_trader

Their financials apparently


Crumpy88

Incorrect $1 white Twix from Coles is the correct answer.


madDcent

Back the truck up


Chemistryset8

Counterpoint: Caramilk ice cream sticks


Dependent-Maximum104

Hey, is anyone looking into Aeris Resources (AIS)? \- No debt \- Good Balance Sheet \- Already began copper production


ewanelaborate

Yeah... as pointed out below AIS survives on a collection of shit resources and mines, capital raises and consolidation. It'll die one day when they can't keep the lights on by Capital raise. It's use as a proxy to copper price is handy for a trade but. Personally I preference SFR and even that looks way too frothy for its MC atm.


Lubeymc

Good balance sheet because they recently raised a ton of cash.


kervio

AISC hoooooge, life of mine?


Many-Rent-941

The bond markets think 91% chance of a pause tomorrow


Meh-Levolent

Didn't they pause last month? Wouldn't this just be a continuation of that?


WeatherOutside

Link?


Blisser_the_Sniff

Well I really don’t know what that means, but it sure does make you sound smart.


Many-Rent-941

RBA pause interest rates tomorrow


Blisser_the_Sniff

Yeah I’m going for a cucumber sandwich, i really think it helps my trades


alllrandom

Cucumber makes the bread go soggy. Really not a fan.


Blisser_the_Sniff

Ironic, I use it to calm down, but it makes you rage like a complete loonatic


alllrandom

Turning what I said to "rage like a loonatic" shows you might have what it takes to become a journalist.


Blisser_the_Sniff

Whoa! Again. Yeah we still cool, but when you calm down and read this back later I’m sure you’ll wish you had that sandwich


alllrandom

I am pretty hungry actually.


BeardFactory

Sometimes I wonder if it’s wise that I’ve dumped 90% of my net worth into a small cap I’ve done next to no research on but I sleep like a baby so it’s probably fine


Dependent-Maximum104

and what might that small cap be?


BeardFactory

AGN, I post about it pretty frequently so don’t fall for my pumps 😉


Calm_Lengths

Barry did you dirty today, finishing down another pip


BeardFactory

It’s an everyday struggle. Just waiting for biotechs to get any love again. I just throw a couple hundred at it each month


Calm_Lengths

Been quite a wait for biotech to get some love, I think it last went on a big run in the latter part of 2021. In the mean time, gold has already done a run to $2500, dip to $1800 and back up to $3000


BeardFactory

Rest in pepperoni, me 🍕. It makes sense for commodities to swing in this environment, just waiting on the excess capital then biotech will be back. Might be a 2024-2025 wait though


Calm_Lengths

Yeah might be a long wait given the R word is still thrown around and noone cares about health if they can't even afford immediate needs like food/shelter


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yothuyindi

worrying about minor daily movements in the largest company on the market that operates in a cyclical sector & is in a long-term uptrend is a recipe for stomach ulcers hoss


johnwicked4

Anyone else get this, legit? > Your new ASX CHESS Statements portal account has been created where you can access your CHESS holding statements and notifications. You will need to activate your account to complete your account registration.


Far_Unit9020

It's broker dependant - who are you with?


johnwicked4

commsex and selfwealth


HideTheT2BarryComes

Welcome to the wonderful world of paperless CHESS statements. Now you have to get another source to fuel the bin 🔥


Interesting-Ear7427

Why tf did I go all in on Brn


Far_Unit9020

To be fair it was hard not to when we saw '[that presentation](https://www.reddit.com/r/ASX_Bets/comments/jede8k/which_one_of_you_spent_5_minutes_making_this/)' 😲 Still one of the finest moments of ASX quality.


HoPPa850

You buy at the top?


Interesting-Ear7427

Where else are you meant to buy?


HoPPa850

Good point


johnwicked4

does anyone think RBA will hike tomorrow? prices still going up everywhere around me except my stock picks...


yothuyindi

I don't think they *will*, but I think they *should*


OldMateHarry

Inflation stabilising at a high level, job market still overheated; I think they will be raising rates.


theres_a_crisis

Property heating up too much as well, since last pause. Any moment of weakness, we'll go straight into further inflation.


OldMateHarry

I remain pretty unconvinced that house prices are much of a concern to the RBA. They also seem unprepared for job losses so I don't think they're terribly motivated to keep raising rates. If they hold tomorrow I would expect that it could be because they are waiting for the announcement of the federal budget to see where fiscal policy is going.


Chemistryset8

Yep there's still lots of money about. They might also do it to head off a big budget cash splash.


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EMHURLEY

Still two months out from 30 June and already lots of crowing about everyone’s losses in the daily. Must have been a bad year


HideTheT2BarryComes

It would be rude to say you made a profit. We are a nice bunch round these parts


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Calm_Lengths

Let us all know when you find out


BeardFactory

Aggressively low volume day for me


sneakycutler

GT1? Falling 6% on a good ann it seems


odind_

When IGE IPO? 2H23? I need a date not a 6 month window like last time lol.


Slaebe

Fuck you EXR


[deleted]

Oh, I think it be the one doing the fucking my friend


Markma1989

Yeah fk it hard


Samuraisaurus

31 days late on IXRs mining licence. Q3?


coastie_trader

How's Doomie holding up?


Markma1989

Maybe they are having trouble with the local government.


Samuraisaurus

I believe the government has changed the application process to online, but they didn’t get it up and running before they stopped accepting paper submissions, or so we’re told. So we’re waiting on that. Still.


Dude_Chucks

SYR pain to continue until morale improves 🙄


ewanelaborate

u/yothuyindi u/kervio Wondering if either of you have had a look at TSK seems to be up your ally for batshit boring cash flow positive higher earners that look undervalued. Looks a little similair to MSL solutions with better earnings Also looking at SKF which looks capital light with some promising growth. Having abit of trouble understanding what it is they do however.


Blisser_the_Sniff

What, don’t want my opinion anymore you sonofabitch?


ewanelaborate

We had a perfect opportunity to meme sharpies in the ass and you didn't participate


Blisser_the_Sniff

Life stuff got me busy of late, barely time to remind u/Chzakalwe to scratch itself the itchy little fucker


kervio

I had a good chunk of MSL, might take a look at this. RIP all the amazing boring ASX stocks that got bought out in 2022. SKF was already on my radar but I forget why I stopped researching it.


yothuyindi

I tend to stay away from tech companies in general, especially those without a past history of profitability & strong ROE... am also wary of when revenue increases but NPAT goes in the opposite direction along with it if that means I 'miss the boat' when some of them initially jump when they report their first profits then so be it, just feels like might as well pick Heads or Tails otherwise 🤷‍♂️ ironically I remember one of my old coworkers trying to shill me on SKF one night at work drinks 😅


ewanelaborate

TSK is essentially a different business from what it's historical analysis will show so I wouldnt compare a 10yr finiancial summary. 28m cash balance in the recent quartl but up 7m. But I'd say that's in regards to prepayment for work that hasn't been performed yet. As for SKF fair. I've come across these two due to mcdonalds contracts all seem small in contract size but scale could be huge spreading across other industry and business. I like that shit.


Chemistryset8

Skyfi SKF are a tech company working on airport security, facial recognition of passengers etc https://stockhead.com.au/uncategorized/asx-tech-stocks-skyfii-lines-up-3-new-airport-contracts-worth-1-million-jumps-10/


ewanelaborate

Yeah I get that but what makes it appealing for big business such as mcdonalds? It appears the software is designed to potentially improve workflows, save costs, prevent waste etc. So not only does their software apply to airport security but seems to have a consumer element which appears, on the surface further reaching then just airport security


flatman_88

They could potentially leverage it for consumer behaviour data (IE: Tom Piotrowski likes kneecap burgers and buys them from X, Y, Z Macca’s on these days/hours) and use this for hyper targeted advertising via their new loyalty program app. Real dystopian marketing shit. Plus their supply chain is fucking enormous so could play a part there.


ewanelaborate

I think that would apply to TSK more than SKF. SKF seem to use lidar tech which im still having a read on. So I figure it would concentrate on internal operations rather than be applied to marketing. So data would mainly improve workflows if it works. TSK however seem to be involved in the maccas app. But not jsut Mickie ds, they have heaps of other well known fast food companies involved which are global


Salamander-7142S

The most valuable asset I own are capital losses…


Crumpy88

Xmen 3: The gains of future past


BeardFactory

Can we re-hash some old franchises. Back to the Gain: Part IV


Calm_Lengths

Lord of the Losses: Fellowship of the Fails


Comfortable_Fox1

Look at that growth over time


SnooDonuts1536

How’s my baby doing


Crumpy88

Left in the car at the pokies


MaximumGirth343

Any LMG fuckbois left in here with me? Someone selling the options for a 20% haircut really gets me in a mood.


coastie_trader

im still holding but when Kia?


HoPPa850

Still here mate. Don’t stress about the options… they will fly to both sides of the equation on account of the extremely low volume. I bought them with the view that they may not be in the money come expiration… will be a kick in the dick if that happens, but you win some you lose some. Stick with it, hopefully we all come up trumps after dry commissioning 👍


MaximumGirth343

This is what I come here for


Moon-Runner

Still here


Moon-Runner

Can only say LMG once, otherwise i get accused of manipulation.


MaximumGirth343

How to win friends and influence people


Comfortable_Fox1

Hit ‘em up with some PEN at 15c and finish em off talking about your new favourite ANL


InterestingShow1112

Glad im not emotional anymore about swings, +1.8%, down to 0.19% and back to 0.91% - now +1.24% Busy work day so probably a good thing to just stop watching In some other positive news, NVU a small (micro) cap that I put too much into, and was down -70% at worst, is now -1.9% red.


MaximumGirth343

You've clawed back from 70% in the red? That is commendable


InterestingShow1112

If only it was on the PF. Still hanging at -59% for now. That was on NVU I'm back to grey on (but actually a few now) - just need to claw back the -90% on ZIP and the pf will look much better or the other many micro caps


ewanelaborate

All you need to do is Sell the losers, take the loss and keep the kind of winners


InterestingShow1112

Sell? Take the loss? Nah, ive been more buy the dips and ride back to grey/green or delisting/administration. 🚀 or 🩸


AussieFlog

Jog to start MAY. 5 week delay should be up soon right? Hoping not to get another delay announcement. Just riding the roller coaster 🤡🤡


Sunvmikey

Short term noise. The way I see it if both appraisal wells are successful it could hit 30c by end of year that's almost a 5x on my money. Worth the wait


MaximumGirth343

NXD chugging along again, wonder if there's another higher education acquisition on the horizon


kervio

Like a dagger in the eye.


sneakycutler

COAL 🔥


Ramsay-boy

Why is it flying today, futures seemed to be unchanged


EMHURLEY

Maybe folks front running the end of the shoulder season and higher prices kicking in soon?


anomaly256

# Selfpoor╮


Zealousideal_Ad642

One of my dogs: g6m into trading halt today 🤡 probably for another cap raise. I think it's only been a few months since the last one. I wasn't really expecting too many 🚀 from this but at this stage it's looking more like a space x starship crash and burn😕


Mysterious_Value_764

Wages need paying. CEOs are people too. With mansions, luxury cars, overseas holidays and food in the fridge.


Go0s3

You forgot: overseas businesses to siphon cash into without having to put up any of your own. Wave hello ac8.


theres_a_crisis

OM1 fucking it's retail base with a 20% discount to sophisticated investors.


The_Purple_Eagle

LOL fucking counts. Glad I dodged that fuckery


WowVeryJosh

First time?


theres_a_crisis

Fortunate to be lubed up and expecting it


odind_

HCH is back from its run. Didn't think I'd see back here so soon. "Dont tempt me frodo"


GeoSciFi

SP likely won't rise until HCH *finally* address the rumours regarding whether next round of funding will be another shitty CR or a streaming / royalty deal...


HoPPa850

What’s the general feeling about which way it’ll go?


GeoSciFi

On a knife edge. Management have a history of fucking over retail (who hold \~50% of SOI) with the CEO over the years whinging in interviews that he doesn't understand why the SP isn't increasing inline with (North American) peers. The deposit(s) are worth a fortune, and should be low cost to extract and mine, however who knows if retail might see any rewards for the dollars invested and massive opportunity loss having held over the years. IMO it all comes down to the next phase of financing.


HoPPa850

Good to hear your thoughts, I’ve just taken my profits from the C6C buy out and put them into HCH. Not opposed to a quick flip if the opportunity arises, but just trying to ascertain of a DCA down is in order should they drop.


odind_

Soo.... "run you fools"


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kangaroute

i think ill bail out this week too. i will wait till this aftershock goes and i might only loose 80%


EMHURLEY

Just read some of the HC threads where people refer to the scale of their losses, awful news, sorry you’re going through it


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EMHURLEY

10 bagger? You’ve come to the right sub 😏


EMHURLEY

They listed a credit card in their financing section of the cash flow report? Jesus


tsaund1974

Fair call with that graph…


Fruityboy

Anyone else putting their money where their mouth is for men's health and prostate care by jumping on the TLX Trian?


Acrobatic_Mud_2989

Mouth. Prostate. Got it.


Chemistryset8

It's on the watchlist


Comfortable_Fox1

ANL is on the buy list


Fruityboy

That's it, put your money where your mouth is!


OldMateHarry

Kind of hard to believe LKE is down to $0.43 after I sold out around $2.60. Learned a lot about properly valuing speccys from that stock. Might consider another dable if it drops off a little more.


Markma1989

Jesus you sold at 2.6


OldMateHarry

Yep just checked, exactly 2.60. I think the intraday absolute peak was only 5c or so higher.


Markma1989

My hero. I sold at 1.7. Attempting to buy back again.


Mysterious_Value_764

HC would love this story, most of them purchased your shares at $2.60.


OldMateHarry

I really do wonder who the unlucky prick was who got them.


Ruskiwasthebest1975

Just like i wonder who the poor schmuck is holding the HIO i sold at circa $1.03


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OldMateHarry

Only came up because I was looking at my commsex watchlist which still has it there. If MAY ever does something I'll have cash to burn on a new dog


houli_dooli

have a couple of dogs to put down to offset capital gains, but soo many to choose from BLZ, EMN, A2M


TrampSwaps

I didn't know Ass 2 Mouth was on the ASX.


Comfortable_Fox1

Standard MAY morning jog


rsoule878

Appropriate on 1 MAY


Slaebe

Hmm, I'm still not rich. Quite disappointing really.


here2FuckSpiders2

have u tried.. i dunno.. buy low sell high?


Slaebe

I'm more of a buy high and wait for it to delist type operator.


Mysterious_Value_764

A proven method 👍


the-informed

So AXN has got a 15Mil off take agreement by Stellantis


insane9001

I was going for a run yesterday and realised I hadn't charted RAC for some time, apologies if I'm a bit rusty, I would usually only do TA when I have done my weekly updating of new TA strategies and techniques on the Discord. RAC is galloping healthily with a strong VO2, and while no actual scientific results that merit interest from the big fish exists, unsophisticated investors can be rest assured that every individual cadence indicator indicates that this stock is indicative of incoming jogs inter-month. We are seeing swelling and chafing from the top end of holders, with the exception of Dr Tendies, who while finishing up his role in the company is deciding which end of the P&D spectrum he will pursue. HOLD HELD SELL


Comfortable_Fox1

💡


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kervio

What kind of a takeover offer is that? Fuck


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