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Hopium: drilling rig for MAY to be mobilised in 2 days which is 4 days earlier than expected (this thursday instead of next monday)
The next question is how long does the rig take to get on site (A1)?
Does it need maintained...again?
How long does it take to set up and drill 290m
Do they need to do additional work and drilling?
Then the move to A2 then back to Zapato?
translation- wen lambo
Do you work at MAY and you're asking us hoping we'll give you the answer?
I'm lying to myself that everything will work out and my portfolio will be ok. There is a doggy heaven up north. 🐕🦺
Yep Directors offloading not a good look. Time will tell
I’m starting to develop this theory that if I bought a stock and it increased in price I’d have more money. I have no evidence to show that this actually happens though
Sounds good on paper, but it doesn't fit the tried and true buy high sell low.
MAY with the sneaky after hours announcement
2 directors have "taken this last opportunity to sell some shares on market" prior to the "voluntary trading blackout period during drilling of the appraisal wells"
1 director sold 10m shares for a nice \~$900K
the second director sold 2.2M shares for $200k
Atleast they're better than the XST/SGC directors who were offloading onto retail during the drilling / prior to announcing a duster
The XST/SGC directors were much more discrete. These guys aren't even trying to hide it
>1 director sold 10m shares for a nice \~$900K
10 mil out of 244 mil shares and using it to buy a property.
>the second director sold 2.2M shares for $200k
This was sold to pay for tax obligations.
You left out a bit of information...
he sold a large parcel last year for the same reason, share price dropped hard
Yeah I’m not saying it won’t but this information is still important
those sneaky cunts
oh fucking cunnofathing
Wee bit was wee fucked
Diluted their stock today. Think was 800,000 shares @ 0.54
Been here before. No biggie
You could subscribe, but here it is
ASX 200 falls, Australian consumer confidence returns to Covid lows, mining M&A roundup
The S&P/ASX 200 closed 32 points lower, down -0.45%.
The local sharemarket makes its first meaningful move in six days, Australian consumer confidence returns to the lowest levels since March 2020 after the RBA's surprise hike, China had a few economic updates and they all missed expectations, James Hardie rallies on upbeat earnings and a brief recap of all the ASX-listed resources M&A that's happened so far this year.
Let's dive in.
Read full Evening Wrap
Today in Review
ASX 200 7,234.7 -0.45%
All Ords 7,424.1 -0.49%
Small Ords 2,886.1 -0.95%
All Tech 2,256.9 -1.10%
Emerging Companies 2,071.2 -0.81%
AUD/USD 0.667 -0.41%
ASX sector performance
Materials 18,018.1 +0.22%
Communication Services 1,552.2 -0.42%
Energy 10,667.5 -0.14%
Information Technology 1,597.5 -0.96%
Consumer Discretionary 3,079.6 -0.84%
Financials 6,091.4 -0.43%
Real Estate 3,184.7 -0.95%
Industrials 6,876.1 -0.68%
Utilities 8,505.1 -0.79%
Consumer Staples 13,288.5 -1.23%
Health Care 44,508.2 -0.96%
Interesting news and movers
\+11.7% Life360 (360) – Earnings
\+8.3% James Hardie (JHX) – Earnings
\+7.4% Develop Global (DVP) – Drill results
\+6.7% Baby Bunting (BBN)
\+6.5% Comet Ridge (COI) – Offtake with Orica
\+4.7% Zip (ZIP) - Positive Sezzle earnings
\-18.0% Weebit (WBT)
\-9.1% Vulcan Energy (VUL)
\-6.5% PointsBet (PBH) – Continuation selloff
\-5.4% Eagers Automotive (APE)
\-4.3% Cettire (CTT) – Trading update
$47.08 in the green?
😎 Fuck yeah. I'm the best there ever was.
It's funny, my first swipe gave 'their', so i erased it and swiped there - i think my brain just said "it's different, it's probably correct" and accepted it was there.
But you know what? I'm the best they are ever was 😎
English is a fucked language. Fancy having three different spellings for a word that sounds the same but is spelt different depending on the context. At least we don’t have fucking binary gendered language like the Spanish, that would really mess with ‘other’
-$420k on TLG since the permit day high. I’m not sure the kids are ever going to stop crying this time Mark
And you're still in??
This scares me. You're not a dumbarse, and so if you're still holding then that price really is not reflective of reality.
Am I a turtle???
big call to assume I'm not a dumbarse
I held all the way down to $1 last year, just part of the ride in getting to production (I hope)
Yeah right. So a dedicated dumbarse then.
Sending thoughts and prayers.. still green overall hopefully?
Each day we stray further from the Lord's (Mark Thompson's) light
Mark went out for cigarettes
he’s not coming home is he 😭
Shit. Hope you’re doing okay otherwise! ❣️
+2.88% day 🚀
-2.82% did you take my money?
Despite not owning the stock, I hope BST holders don't suffer at the hands of the significant holder playing games with lowball takeover offers.
Anyone had like a massive pimple on their ass? Not a pimple this is looking more like a carbuncle/boil it is hyugee.
What to do?
(Edit) Ass and Asx 🚀
if it's a boil you might need penicillin shots right in the ass. Best of luck!
Pfft. Try an infected ingrown hair on the vag and get back to us.
Ugh. Do not squeeze it yourself. Get it lanced.
Yep it was painful to sit down. Wife had to squeeze it - was a fuckin mess
Squeeze that bitch. Hurts like hell, but that winning feeling when the skin ruptures and violently rejects the puss 💦
Of course sometimes it won't burst and you'll just hurt yourself, and bruise your ass
Obviously pop it (Use as aioli if budget is tight, bcc: ausfinance).
what to do?
maybe add to that post, "ASX🚀"
so it keeps with the main theme
The daily fade is just too predictable lol
Asx doing the ol look at US futures which always turn up an hour after asx closes.
There ya go only negative 24 now. Laughable.
Alright FINE I'll buy more TLG.
Must be feeling pretty good about [this](https://www.reddit.com/r/ASX_Bets/comments/13da9x2/comment/jjk8t8f/?utm_source=share&utm_medium=web2x&context=3) today.
Haha yeah I was just thinking about that. Pure dumb luck on my part.
Still, I'll be pouring one out for the WBT homies today 🥲
WBT just doing WBT things and jumping off cliffs
Crab Man ?
Either TLG in trouble with permits or I'm going to get the deal of the year.
What have the HC boomers got to say about it this afternoon?
it’s all the shorters fault, or it’s bots driving the price down to scoop up cheap shares. Not even joking, even though it fits the HC cliche too well.
reality is people are spooked by the refinery permit (imo)
I do agree with some of the talking points regarding the geo-political significance of TLG for Europe in supplying critical battery minerals. The likelihood of them having permit and development issues from here, I think is low.
Yeah agree long term the significance of Talga in EU is pretty clear and they’ve positioned themselves very strategically with some astute lobbying. Doesn’t negate the market’s jitters over delays though which seem likely with the current permitting issues
Catching the TLG knife? I’m past my risk level so no more 😬
Yeah going to double my holding, just waiting for either a turn in SP or early June before expected ⚠️
I have fingers to spare.
Could be a long few weeks until end of June
Never doubted EXR tbh (i did)
Anyone else green on EXR …..
I'll be god damned... EXR went grey
pretty much every investing forum/community/channel I read these days is full of people saying they've pulled their money out of the market to go cash, or chuck their $$ into their offset account etc
good luck having the markets going anywhere but sideways consistently with all that scared liquidity now sitting on the sidelines
just funny when even all the AusFinance "ETFs are for the long-term"ers pull their money out of their ETFs at the first sign of a shaky economy as well 🤡
tImE iN tHe MaRkEt, my balls
Consumer confidence at 2020 levels, investors are consumers, DYOR
Bullish indicators imo. Retail are morons.
(written in full knowledge of the irony of that statement, but whether they like it or not their super is probably adding some liquidity)
yeah, just funny how easy it is for people to recite a list of Warren Buffet cliches during a bull market but when it comes nut crunch time so many people immediately bail
That's how we win though! Need their exit liquidity when prices are too high and their dumped shares when things are cheap. I have a half filled order in right now and it is driving me crazy... I slapped the ask but got beaten in by scripts.
haha yeah, funny watching these really low liquidity stocks I/you buy where you put a bid for a $ number where there are no other bidders, then as soon as you submit there's suddenly another bid for your exact same amount
then you bump the price up again & it does the same
there definitely is *some* "bot" action out there, just not to the Hotcrapper paranoia conspiracy level
In this case there were 28k shares at price X, I tried to buy 13k at asking price and I got 6k and was 3rd in the queue.
what if i told you, that we are also retail
But that would make us.... and that would mean... am I.... regarded?
Is everyone here in EXR? Geez
There’s a feedback loop here. The most mentioned get mentioned the most so they get bought the most so they get mentioned the most etc.
Stock pumped in echo chamber turns out to be crap, news at 11.
There’s plenty of good (or equally shit) stocks that don’t get mentioned here daily.
Maybe more confrontingly - hands up if you bought EXR because you saw it mentioned it here, as opposed to coming across it on your own and independently assessing it.
I nod and agree with the sentiment in here about the dogs and losses, then I secretly buy the profitable stocks in my own time
Why not both? Join us.
Rio showed how difficult it was to work in Mongolia, coal gasification is on the way out and do they even have a pipeline?
Can you please translate that into rocket emojis?
At this stage I'm happy to settle for one, rather than 3. Fuck I would take breaking even.
Was that the bottom of EXR......
Probably. I sold out. Every move I've made with EXR very soon turned out to be wrong. Bag and not sell. Then every average down was too high. Cursed stock for me.
miss you guys. Hope the loss porn is hot x
Are you still holding IXR?
Sad times being a RE Explorer shareholder unless it contains niobium apparently
Current ASX holdings: IXR, RIO, CBA, FMG. Have laid off the speccies recently, enjoying time away from watching dog stocks everyday. Nevertheless my IXR loss porn is sufficiently dampening my mood. Peace and love x
You ok with VGS? People talking down the US economy but it's too big to fail long term right?
Have the faith as Yothu says. It would be the perfect time to buy more / continue buying / not get sucked into the fear
True dat I'm just thinking longer term and a generational/seismic shift in the world economy with the degeneration of American society and the emergence of the the middle class of the third world and where they're going to get their iPads?
Good thing they rebalance quarterly then I reckon👌
Yes you might miss out on the enormous gains from speccies, but once they’re on the index they’re in the wheelhouse.
I just wrote this somewhere else - mine is a big chunk of my "super" as such - I'm just thinking longer term and of a generational/seismic shift in the world economy with the degeneration of American society and the emergence of the the middle class of the third world and where they're going to get their iPads?
Be safer to sell whoever's taking up that slack some rocks and dirt?
Might have to go further balls deep on VUL. Gina Reinhart invested so it can't be a dog right? Right??
Might have to go Balls deep into Gina Rineharts dogs VULva. further invested so it cant be right.
She also invested in AKM yeeeears ago, like me. Dunno if she sensibly bailed, unlike me.
Gina [tipped $15m into LGP](https://www.startupdaily.net/topic/asx/green-gina-hancock-mining-billionaire-plants-15-million-in-medicinal-cannabis-venture/) near the top, down 77% from when she bought in.
She's probably lurking on this sub somewhere...
Her son invested in VUL, CPH & MNS (from memory, likely others). He has to be here. Hi John 👋
Believe me, I'm trying
I've heard that Gina has a big hole.
That's a nah Gina
Didn’t Gina pull out ? A real underdog
Still has about a 5% stake I think. That's enough due diligence for me👍 I'm all in
Reading about South America trying to form an Arab Ruski-esque 🤝 Lithium unity. If they create an opec style controlling board between Brazil, Arg, Chile etc does it benefit the countries without barriers or straps ?
Yeah Chilean president spoke about nationalising their lithium deposits. Read this a couple weeks ago.
Also there is a group of 5 Latin American countries that were trying to form like their own version of BRICS… can’t find the article I read but I think the countries were Argentina Chile Brasil Mexico…. Can’t remember the last one…
Not sure the plan will make the country more of a lucrative option to invest in because there is a enough risk in South American countries as it is so should play into our hands nicely
AKA The Lithium Spring.
Li Pollos Hermanos
Mate, could we not. Just go up
AKE tendieS are sweet
Gee, I might get back to square on CXO today, has been a terrible trade, one of my worst, but hopefully starting to see green.
I’ve had time off the ASX life, I’ve come back to check in.
EXR… Stop it
VUL guess I'll just die ¯\\_(ツ)_/¯
Looks oversold on the charts - Bounce soon?
Remember the guy who was holding out for a 100 bagger when it was already at 80? Wonder whatever happened to him.
Fk me that risk management 😵💫
Probably been hitting the bottle to escape the voices
WTF is going on here. The cats gunna bounce any second right?
Grass is always greener on the stocks that you dont hold.
My grass appears to have died
Barry has salted my ground and grass just doesn’t grow anymore
Mate - go look at the list of stocks you sold in the last 12 months. I can guarantee you most of them have plummeted further. It's a worthwhile exercise.
WBT needs a medic
Ahh, maybe I will be able to buy back in after all…
Imagine being a salty long term EXR holder and not selling out in the recent run up to 20c
everyone has a plan until they get punched in the mouth
I wasnt paying attention 😓.
Only day i worked hard all decade, and completely missed it.
Would have sold out just to buy in again at 12c though i guess..
This place is fucking brutal
Recent being a whole year ago ?
Bout 5 months
I stand corrected. It hit 19-20c on 2nd December. For me it would've only been like 5% gains the doggggg
Do I cry or laugh at EXR ? Only down 20k (50%) not much compared to others but fuck meeeeeee. I go cry now
It's all relative. I'm down a little more, but it's substantial to me.
I'm feeling... Ok with it. Disappointed at best. We seem to have a similar SP, I'm guessing you're around 16c - probably not a bad spot if you're willing to wait the remainder of the year out - but my 50c goal just turned into a break even goal. Deflating.
Yeh man its sad. Very substantial for me. It's something like 50% of my portfolio aka my savings account. Huge pain, I'm not selling now. The pilot isn't a failure by any means.
Looks like the WBT chart is setting up for a technical 'BMX park doubles' pattern 🚴♀️
reminds me of this:
No, that's IXR
You keep my wife’s name out ya damn jokes
Haven't you heard? Ya wife has been going down on almost everybody
She does that
Show us your EXR lost porn
Only 5k for me, feel better now
Out at around 8k loss.
56% down / \~5k. This sucks man I want to go home.
I’m on $1,100ish at the moment. Not a lot to some but still hurts my tight pockets.
Sportsbet always told me to gamble responsibly… This time I didn’t
-$26k on paper
-6k on paper for me.
And no I’m not going to consider averaging down
65% and 6.6k, but still considering averaging down.
-$900. Think i got off better than some here 👀
Finally back to my buy price in GNX. Keep ticking up ya bastard
No we want it to go down
HotCopper reckons it’s gonna six bag by 2025 ☠️
I’m a GNX holder, but just come on man 😂
This roo market got me flirting with the idea of ETFs instead of going balls deep into mining speccys operating in a developing country I couldn't point to on a map 🧠🧠🧠
Is a trap!
Things needed to run in early 2022 : 1.0% + Li ‘intercepts’, not looking for Li fuck it throw in some Li anomalies.
Things need to run 2023 : Permit 1, hmm not sure, Double resources, Permit 2 .. lets see the DFS, PFS - delaying DFS, DFS, hmm spod prices low
+5% into -20%
Hello fellow ANL holders
Gape is real
ASX? More like ASZZZZZZZZZZZZ...friggin' sideways snoozefest.
To the gym to salvage my morning!!!
Anyone know why TLG SP has shat the bed over the last 30 odd days? Eyeing a buy in but suss about this current slide in price
delays delays delays
An appeal from some reindeer group. Serves Blitzen and Comet right, gotta remind em Rudolph still got shooters out there
Currently the a few permits is under appeal.
Delays around the anode plant permits I believe
Thanks I’ll look into it further
I got nothing for you, but im certainly going to be averaging down a bit at these prices.
Green day! ~~+1.2%~~ \+1.97% (will it last...)
ASM and ZIP mainly, -89% on ZIP 🚀 next stop -87%
What's the point of DocuSign if you've got to chase pricks down to get them to sign it anyway
Right? May as well just drag your cock across the screen and send me a signed pdf.
The point of docusign is to convince the business that the CTO is doing something to justify their wage and budget requests under the veil of modernization
Boomers know how to do it, they just fukin with you
I wonder how u/zemadfrenchman is going today.
He was balls deep in EXR, hope he took some profits.
Fucking trainwreck, I watched hours of Neil Young talk, learnt about Mongolia and I basically got in due to the management team.
Fuck knows where the bottom is, feels bad real bad
Not great obviously. I think my story can serve as a cautionary tail about being irrational and baked onto a position in the face of a dropping price. I actually booked a bunch of CGT moving my shares to a trust when the price was in the 20s so I'm double fucked here too.
I still think the long term goals are very achievable for the project but the timeframes are blown out and the extremely conservative company comms strategy is making it hard to rebuild sentiment when so many holders just jumped on the bandwagon during a bull market.
Cap raise will be needed in the future which will not helping the price at all. I think we were all hoping for stellar results from the first pilot well rather than extended delays and re-work efforts.
Would you say timelines are now 5+ years for eventual take over?
Fucking oath, I remember that guy shilling EXR even when it was peaking at 30+ cents and he seemed so convinced it was gonna make him rich. He seems like an utter clown now, but I guess I'm an even bigger one for believing him 🤡🤡🤡
I mean there is also the other side of the story where I first mentioned it here at 18c and it went to over 40c in the weeks following and was stable there even after the first big sell off. Early movers would have done well but anyone like me who held on for future profits fucked up badly when you apply *the benefit of hindsight.*
Anyone making all their investment decisions based off a reddit DD post is indeed a clown. But I stand by my posts at the time with the information available. I wasn't the only one seeing the potential upside there. I still think the project will produce gas at commercial rates and be sold off eventually.
His average is 4.7c. So he is still marking decent profit. How much money he put in exr ?
4.7c? It went up over 50c at one point so that would be a terrible case of a lost gains if he didn't take some profits.