T O P

Market Open thread for General Trading and Plans for Tuesday, May 16, 2023

johnwicked4

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?


Blisser_the_Sniff

translation- wen lambo


eucalyptusmacrocarpa

Yes


TrampSwaps

Do you work at MAY and you're asking us hoping we'll give you the answer?


johnwicked4

I'm lying to myself that everything will work out and my portfolio will be ok. There is a doggy heaven up north. 🐕‍🦺


rsoule878

Yep Directors offloading not a good look. Time will tell


BeardFactory

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


FameLuck

🤔 Sounds good on paper, but it doesn't fit the tried and true buy high sell low.


SugeKnight_StandOver

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


FameLuck

The XST/SGC directors were much more discrete. These guys aren't even trying to hide it


Tenconeslater

>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...


digua666

he sold a large parcel last year for the same reason, share price dropped hard


Tenconeslater

Yeah I’m not saying it won’t but this information is still important


digua666

those sneaky cunts


OldMateHarry

oh fucking cunnofathing


johnwicked4

fuck.


cohex

Wee bit was wee fucked


LiverCat89

Diluted their stock today. Think was 800,000 shares @ 0.54


bah_nah_nah

WBT. Been here before. No biggie


InterestingShow1112

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 Trading higher \+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 Trading lower \-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


FameLuck

$47.08 in the green? 😎 Fuck yeah. I'm the best there ever was.


YouHeardTheMonkey

There


FameLuck

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 😎


YouHeardTheMonkey

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’


rhythm34

-$420k on TLG since the permit day high. I’m not sure the kids are ever going to stop crying this time Mark


icanhasanonymity

And you're still in??


rhythm34

all in


icanhasanonymity

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???


rhythm34

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)


icanhasanonymity

Yeah right. So a dedicated dumbarse then.


Riskytraderrob85

Sending thoughts and prayers.. still green overall hopefully?


Glittering_Praline20

Each day we stray further from the Lord's (Mark Thompson's) light


Polite_Jello_377

Mark went out for cigarettes


rhythm34

he’s not coming home is he 😭


Polite_Jello_377

Sorry kids


UncleChunkz

Shit. Hope you’re doing okay otherwise! ❣️


Carrian

BAS. ​ Why?


InterestingShow1112

+2.88% day 🚀


LukeGoodnadress

-2.82% did you take my money?


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kervio

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.


Maleficent_Song8448

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 🚀


kervio

if it's a boil you might need penicillin shots right in the ass. Best of luck!


Ashley_Sophia

Pfft. Try an infected ingrown hair on the vag and get back to us.


eucalyptusmacrocarpa

Ugh. Do not squeeze it yourself. Get it lanced.


Riskytraderrob85

Yep it was painful to sit down. Wife had to squeeze it - was a fuckin mess


FameLuck

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


UncleChunkz

Obviously pop it (Use as aioli if budget is tight, bcc: ausfinance).


kangaroute

what to do? maybe add to that post, "ASX🚀" so it keeps with the main theme


Maleficent_Song8448

Done brother


stromyoloing

The daily fade is just too predictable lol


WeatherOutside

Asx doing the ol look at US futures which always turn up an hour after asx closes.


WeatherOutside

There ya go only negative 24 now. Laughable.


biowza

Alright FINE I'll buy more TLG. 🚨🚚➡️🚛➡️🚚➡️🚨


alllrandom

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.


biowza

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 🥲


rockbottom_fishing

WBT just doing WBT things and jumping off cliffs


alllrandom

WBT


cohex

🦀🚶


Moon-Runner

Crab Man ?


new_handle

Earl!


AntiCGT

Either TLG in trouble with permits or I'm going to get the deal of the year.


auskier

What have the HC boomers got to say about it this afternoon?


rhythm34

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)


auskier

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.


rhythm34

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


rhythm34

Catching the TLG knife? I’m past my risk level so no more 😬


AntiCGT

Yeah going to double my holding, just waiting for either a turn in SP or early June before expected ⚠️ I have fingers to spare.


rhythm34

Good luck🤞 Could be a long few weeks until end of June


CokRing

Never doubted EXR tbh (i did)


InterestingShow1112

Anyone else green on EXR …..


hgttg

I'll be god damned... EXR went grey


yothuyindi

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


eucalyptusmacrocarpa

Consumer confidence at 2020 levels, investors are consumers, DYOR


kervio

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)


yothuyindi

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


kervio

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.


yothuyindi

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


kervio

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.


johnwicked4

what if i told you, that we are also retail


kervio

But that would make us.... and that would mean... am I.... regarded?


Chemistryset8

Is everyone here in EXR? Geez


catch-10110

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.


GateCreeper_69

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


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t4zmaniak

Why not both? Join us.


Chemistryset8

Rio showed how difficult it was to work in Mongolia, coal gasification is on the way out and do they even have a pipeline?


t4zmaniak

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.


Chemistryset8

🚀🌕💥


InterestingShow1112

Was that the bottom of EXR...... 🫣


alllrandom

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.


HMS--Beagle

miss you guys. Hope the loss porn is hot x


Calm_Lengths

Are you still holding IXR?


HMS--Beagle

reluctantly yes


Calm_Lengths

Sad times being a RE Explorer shareholder unless it contains niobium apparently


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HMS--Beagle

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


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HMS--Beagle

Likewise


Quarterchickenchips

You ok with VGS? People talking down the US economy but it's too big to fail long term right?


Ozemuss

Have the faith as Yothu says. It would be the perfect time to buy more / continue buying / not get sucked into the fear


Quarterchickenchips

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?


Ozemuss

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.


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Quarterchickenchips

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?


Warm-Emphasis-5798

Might have to go further balls deep on VUL. Gina Reinhart invested so it can't be a dog right? Right??


Yevgeny_Trouserkoff

Might have to go Balls deep into Gina Rineharts dogs VULva. further invested so it cant be right.


Sharp_Pride7092

She also invested in AKM yeeeears ago, like me. Dunno if she sensibly bailed, unlike me.


Far_Unit9020

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...


rhythm34

Her son invested in VUL, CPH & MNS (from memory, likely others). He has to be here. Hi John 👋


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Warm-Emphasis-5798

Believe me, I'm trying


new_handle

I've heard that Gina has a big hole.


Acrobatic_Mud_2989

That's a nah Gina


BeardFactory

Didn’t Gina pull out ? A real underdog


Warm-Emphasis-5798

Still has about a 5% stake I think. That's enough due diligence for me👍 I'm all in


Maleficent_Song8448

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 ?


LiverCat89

Yeah Chilean president spoke about nationalising their lithium deposits. Read this a couple weeks ago. https://www.reuters.com/markets/commodities/chiles-boric-announces-plan-nationalize-lithium-industry-2023-04-21/?utm_source=reddit.com 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


KapitalBabylon

AKA The Lithium Spring.


Maleficent_Song8448

Li Pollos Hermanos


BeardFactory

Mate, could we not. Just go up


Qambi1

AKE tendieS are sweet


Fresh_Slip5535

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.


ScissorMySausage

I’ve had time off the ASX life, I’ve come back to check in. EXR… Stop it


ChalkyAus

VUL guess I'll just die ¯\\_(ツ)_/¯


newtothepill123

Looks oversold on the charts - Bounce soon?


alllrandom

Remember the guy who was holding out for a 100 bagger when it was already at 80? Wonder whatever happened to him.


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Affectionate_Rip_198

Fk me that risk management 😵‍💫


prettyboiclique

Probably been hitting the bottle to escape the voices


LiverCat89

VUL ☠️


Intrepid-Refuse8082

WTF is going on here. The cats gunna bounce any second right?


L00puoq

Grass is always greener on the stocks that you dont hold.


ItsPazzaa

My grass appears to have died


BeardFactory

Barry has salted my ground and grass just doesn’t grow anymore


raindog_

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.


johnwicked4

WBT needs a medic


panicboy333

Ahh, maybe I will be able to buy back in after all…


coastie_trader

Imagine being a salty long term EXR holder and not selling out in the recent run up to 20c


rhythm34

everyone has a plan until they get punched in the mouth


FameLuck

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..


coastie_trader

This place is fucking brutal


raegrog

Recent being a whole year ago ?


coastie_trader

Bout 5 months


raegrog

I stand corrected. It hit 19-20c on 2nd December. For me it would've only been like 5% gains the doggggg


raegrog

Do I cry or laugh at EXR ? Only down 20k (50%) not much compared to others but fuck meeeeeee. I go cry now


FameLuck

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.


raegrog

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.


Far_Unit9020

Looks like the WBT chart is setting up for a technical 'BMX park doubles' pattern 🚴‍♀️


kervio

reminds me of this: https://www.youtube.com/watch?v=wDcrslc-AFY


ChZakalwe

EXR 4c!


coastie_trader

2.5c


ChZakalwe

No, that's IXR


coastie_trader

You keep my wife’s name out ya damn jokes


ChZakalwe

Haven't you heard? Ya wife has been going down on almost everybody


coastie_trader

She does that


Affectionate_Rip_198

Show us your EXR lost porn


Otherwise-Ad-7529

Only 5k for me, feel better now


alllrandom

Out at around 8k loss.


AppleSalty2916

56% down / \~5k. This sucks man I want to go home.


ScissorMySausage

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


FameLuck

-$26k on paper


pourjuiceonit

-6k on paper for me. And no I’m not going to consider averaging down


the-az

65% and 6.6k, but still considering averaging down.


Synkronicity

-$900. Think i got off better than some here 👀


xS_BTCGhost

Finally back to my buy price in GNX. Keep ticking up ya bastard


Chemistryset8

No we want it to go down


Icecoldbundy

HotCopper reckons it’s gonna six bag by 2025 ☠️ I’m a GNX holder, but just come on man 😂


ChalkyAus

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 🧠🧠🧠


FameLuck

Is a trap!


Maleficent_Song8448

Things needed to run in early 2022 : 1.0% + Li ‘intercepts’, not looking for Li fuck it throw in some Li anomalies. +100% 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%


SnooDonuts1536

Hello fellow ANL holders


ineptus_mecha_cuzzie

Gape is real


KapitalBabylon

ASX? More like ASZZZZZZZZZZZZ...friggin' sideways snoozefest. To the gym to salvage my morning!!!


DOGS_BALLS

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


rhythm34

delays delays delays


ChalkyAus

An appeal from some reindeer group. Serves Blitzen and Comet right, gotta remind em Rudolph still got shooters out there


Oghinsien

Currently the a few permits is under appeal.


BigDaddyBones69

Delays around the anode plant permits I believe


DOGS_BALLS

Thanks I’ll look into it further


auskier

I got nothing for you, but im certainly going to be averaging down a bit at these prices.


InterestingShow1112

Green day! ~~+1.2%~~ \+1.97% (will it last...) ASM and ZIP mainly, -89% on ZIP 🚀 next stop -87%


Chemistryset8

What's the point of DocuSign if you've got to chase pricks down to get them to sign it anyway


FameLuck

Right? May as well just drag your cock across the screen and send me a signed pdf.


anomaly256

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


Blisser_the_Sniff

Boomers know how to do it, they just fukin with you


No-Army6095

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


zemadfrenchman

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.


retrodude26

Would you say timelines are now 5+ years for eventual take over?


WesCoastPirate

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 🤡🤡🤡


zemadfrenchman

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.


Blisser_the_Sniff

Sacrebleu


Markma1989

His average is 4.7c. So he is still marking decent profit. How much money he put in exr ?


alllrandom

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.