T O P

Market Open thread for General Trading and Plans for Friday, June 02, 2023

sneakycutler

Mixed week ending with Bretto with the dumbest fuckn take of all time - attacking minimum wage for inflationary pressures 😂


Competitive_Copy2451

He must be a member of the young liberals.


YouHeardTheMonkey

Or watches Sky News


cohex

Probably the president


SatansFriendlyCat

Probably owns a t-shirt with a picture of Joe Biden on it, and the post "Not *MY* President", which is accurate, but not for the reason he intends.


SatansFriendlyCat

It's a perfect fit.


PowerBottomBear92

Mukuyu-2-Capraises Lambo Fully Funded Inject Maximum Copium


Competitive_Copy2451

The dilution is killing me 😭


SatansFriendlyCat

Think of it as a pump sponsorship fee. You get a welcome pack with a little plush oil rig, and a handwritten letter in Shona from a villager excited about the chicken tent or whatever dollar shop bullshit the company has given them for their "community engagement" profile piece. Thanks to your help, a lonely rig can drill this winter (not winter there, but don't ruin the image) and bring warmth and joy to many ~~suckers~~ investors – and +50% to your exit price pre-result.


PowerBottomBear92

>\+50% to your exit price pre-result. ...exit?


SatansFriendlyCat

This [member of your demographic cohort according to your database] makes money using *this one weird trick!*. Instos *hate* [pronoun]! [Click to learn more!](https://www.motionelements.com/stock-video-8107633-raining-money)


Competitive_Copy2451

Pre-result?!?! Blasphemy! Shun the non believer!


SatansFriendlyCat

I'm for sure going to let some of it ride, though. That's where the fun is.


PowerBottomBear92

Dilution? Never met her. If you didn't raid your super, max your home loan, and toss over your couch looking for lost coins to participate in the SPP multiple times under assumed identities I don't even know what to say


Competitive_Copy2451

I already did all that almost 3 years ago! I can't keep up with all the SPPs lmao


WowVeryJosh

On an attributable ownership basis, AZS who owns 60% of the Andover project ($380M) is now valued higher than WR1 ($276m) and GL1 ($367m) 🤣🤣🤣🤣🤣🤣🤣🤣🤣 +5.72%. G-*mother-F-ucking*-M


InterestingShow1112

Today in Review ASX 200 7,145.1 +0.48% All Ords 7,331.2 +0.56% Small Ords 2,831.6 +0.84% All Tech 2,405.0 +0.60% Emerging Companies 2,057.9 +1.81% AUD/USD 0.661 +0.66% \[ \] ASX sector performance Materials 17,644.0 +2.44% Energy 10,806.2 +1.23% Utilities 8,623.1 +0.58% Real Estate 3,119.3 +0.53% Information Technology 1,798.0 +0.66% Consumer Discretionary 2,901.8 +0.09% Communication Services 1,554.5 -0.47% Financials 6,019.2 -0.18% Industrials 6,785.7 -0.50% Consumer Staples 12,877.2 -1.27% Health Care 44,499.2 -0.55% Interesting news and movers Trading higher \+27.5% Webcentral (WCG) – Continuation rally, up 47% in previous three \+14.7% Appen (APX) – Upgraded by JPMorgan \+12.9% Magnis Energy (MNS) – iM3NY cell certification update \+9.7% 29Metals (29M)+2.1% Develop Global (DVP) – Resource update Trading lower \-14.6% Adairs (ADH) – Trading update \-10.0% Immutep (IMM) – Institutional placement \-4.9% FSA Group (FSA) – Guidance


Qambi1

Used my profits to buy OZ coke


Sunvmikey

Fuck me cunt why do you need an Oz an 8ball is plenty unless you're shouting a bender


[deleted]

[удалено]


cohex

Yeah they would've sold for a loss instead of holding their dicks like most here would.


Denominator_K

Knew my idea meat thunked oker than them


johnwicked4

I bought nvx and vul 😭


AggravatedCelt

GFM 💪


InterestingShow1112

Plenty of green, but -0.20% - i'll blame IMM's CR


houli_dooli

3.3% green nice


Mysterious_Value_764

3.09% GFM 💪


stromyoloing

Darn, got a Barry cut again


Jason_Tail

PDN is set to close let than 1% up on the week after all that.


Whateverididntwantit

Just realised 30% of my portfolio is in suspension 😬


[deleted]

[удалено]


Whateverididntwantit

Good guy ffx holding my lll shares for me so I won't fall victim to insto tree shakes


Sufficient_Guess2732

Everything checks out


kegabb

Anyone on SW get their SPP shares updated on their port? Does SW update auto or do I need to do something? Thanks


cohex

Time to learn maths.


kegabb

Im more asking if the shares got added into SW portfolios I will update teh average when they finally land


cohex

Yeah they did for me when I last was in a SPP.


johnwicked4

no broker does this as they do not know the cost basis, it's all manual


kegabb

It's not the avg price i want updated - more when my shares are going to fall into myu SW port


SatansFriendlyCat

CMC has updated to include my SPP holdings, but with a cost basis of 0. So I do have to enter the cost basis manually, but the shares have been listed in the correct quantity and are available to sell, etc. Edit: I was wrong. They show in the portfolio but not in the chess holdings yet, and as such are not yet available to sell.


OldMateHarry

got an inverse ASX occurring in my portfolio right now. Been hovering around +0.30% all day and now a slight surge up to 0.80% in the late afternoon. What the fuck is going on


OldMateHarry

and look at that, closed exactly 1% up. Happy fucking friday champions


Sunvmikey

SNAS / SQQQ anyone? Surely this bear market rally in American tech is almost out of steam


ken_oath_cunce

45% currently in Aus-domiciled gaybear ETF's (BBOZ, BBUS, SNAS). It's been pretty rough over the past couple of weeks watching this nonsensical rally. Truly a case of markets staying irrational longer than I can remain solvent on inverse ETF's.


YouHeardTheMonkey

🫡 feel your pain. Was picking the swings with SNAS/LNAS through 2022, went in again on SNAS early 2023, very red currently. Keep waiting for this irrational market to turn to double down but the cunt just won’t roll over.


Whateverididntwantit

You will be one ceo tweeting out "AI" away from bankruptcy


BeardFactory

I dunno, my heat and brain says the market is going to continue going up forever


Sunvmikey

The mega caps showing some retard strength. Seen a graphic of the s&p 500 that 351 of the companies are in a down trend indexes are being carried hard by the megas. This happened right before the dotcom crash also... But it took a few months before it actually crashed 🤷🏽‍♀️


Maleficent_Song8448

A day or two ago, I mentioned - one of the most liked/love hearted finspo fintweet buffoons was the dude that writes 15yo horny sentences using Li tickers. Finally spotted him again today - he’s had way worse than this. People actually often comment that it’s great, or the half assed laughing emoji. Li is done for if we continue like this. https://twitter.com/MrBreakouts/status/1664474272130277376


Mitchuation

That guys feed is complete aids.


Far_Unit9020

Dude's a fkn nutter. He was tweeting all sorts of anti-vaccine nonsense even as one of his relatives was dying of covid in hospital. A 15yo would know more about stonks.


ewanelaborate

Yeah this guys chased the dragon one too many times. For further reading on HC look at the user gassed.


newtothepill123

BET making a comeback?!?!?!


BeardFactory

I am disgusted by this stock market gentrification targeting me and my fellow poor people


sneakycutler

Seems like the market is just waiting for one good announcement from RNU and RNU aint budging


whatdeee

Is Graphite out of fashion now? Asking because i'm also heavy on graphite...


Sunvmikey

If I've learned anything it's stay away from what's popular on reddit.. If it's popular on social media you've probably missed your chance for the baggers


sneakycutler

For the super speculative stocks maybe, not the larger companies


Nevelo

“Hello, 911? The market told me it was priced in, but it wasn’t priced in.” - BECKY


kervio

BECKY would very much like to talk to the manager of the ASX


Nevelo

Wait till she finds out it’s probably no divy payments for the foreseeable future.


kervio

Overblown imo, still making money... but I am concerned.


Nevelo

I agree. Retail will overshoot. Probably some pain still left. Main thing is to not go bankrupt in the meantime.


scummy12

Fuck yeah GGE pumping! Only down 50% now LFG!!


veritas_mendax

Don’t ask me about my other trades https://imgur.com/a/YqonN8t


here2FuckSpiders2

My great-great-grandfather's erection lasts longer than MNS.


Crumpy88

He has the benefit of rigor mortis


here2FuckSpiders2

What Is Dead May Never Die


Crumpy88

Long live DW8


SoftTopMafia

I feel like I’ve become immune to feeling anything from green days since the start of the year. Up 5k on Friday you say? - (1 week later) - To shreds you say?


Markma1989

Fk this shit, I’m gonna play some Diablo 4


kervio

I have it but I am cursed to be on family holiday this weekend.


Markma1989

Did you get the 150 dollars version ?


kervio

My family bought it for me then scheduled a vacation. Ultimate troll.


Upset-Veterinarian11

Preordering blizz games is a crime. I sentence you to 2000 hours of dogshit endgame and a lifetime sentence of crappy balance.


Markma1989

At least not a death penalty.


sneakycutler

Its 2pm Mark


Markma1989

Just noticed it’s 150 for the deluxe version. I will just wait for 2 more days, and then play Diablo. Yes


megadrive65

What sort of low security facility you in anyway?


ChalkyAus

Looks far too much like D3, which disappointed me more than any dog stock. D2 will forever be the greatest.


CluelessAboutHeaps

u/mcfucking - ZIP to finish red today or I’ll take a 2 month holiday


CluelessAboutHeaps

Fuck


mcfucking

Fuck indeed


InterestingShow1112

Its bouncing along 50.5-51 as 'support' maybe a safer bet when its a bit higher....


mcfucking

🦄 noted


Moon-Runner

u/mcfucking


mcfucking

👍


Particular_Love_8811

Go BOQ.


Particular_Love_8811

Go you good thing. rocket, rocket, rocket.


Particular_Love_8811

u/mcfucking BOQ to end day 5.50 or higher. 2 week ban.


InterestingShow1112

nicely done $5.51


Particular_Love_8811

I keep on trying to get banned. Doesn't seem to work.


mcfucking

🦄 noted If your on again off again relationship with BOQ goes bad again we might have to stage an intervention...


Particular_Love_8811

You should cum around and have a 4some one weekend. You, me Barry and BOQ.


mcfucking

😳


Particular_Love_8811

Never been off. Toxic maybe?


Zaccyjaccy

I always said the Namibian Government was my favourite government


ChZakalwe

I'm calling ASIO


theres_a_crisis

AL3, DRE, SGA... I'm really not good at this, am I? I long for the days of easy money


Whateverididntwantit

iron ore 💹


[deleted]

[удалено]


sneakycutler

Bretto blaming minimum wage for inflation 🤣🤣


Bleachtastegood

i cant believe they are giving an extra dollar an hour to people who pretty much live on the povety line!! disgusting right


[deleted]

[удалено]


lionsforlambos

have you been watching Sky News again?


Bleachtastegood

Nah its all the avos on toast those dam zoomers are buying


Apotheosis

Watch less Foxtel. Thanks


YouHeardTheMonkey

Just returned to green on DYL. I like this game again (ignores sea of red in portfolio).


sneakycutler

It's a green day boys


WowVeryJosh

#GFM yeeee^eaaaa^aaaaa^aaaaaaaa^aaaaaaa^aaaaaah


InterestingShow1112

And it’s gone. Big bright green start that has just turned red


mccracken_brother

Green day, my arse. Red all across the board for my portfolio.


ewanelaborate

Before anyone reports me to asic Let's just appreciate [this call](https://www.reddit.com/r/ASX_Bets/comments/13b77wx/market_open_thread_for_general_trading_and_plans/jja686f?utm_source=share&utm_medium=android_app&utm_name=androidcss&utm_term=1&utm_content=share_button) right. Or maybe this link explains it better [right here ](https://www.reddit.com/r/ASX_Bets/comments/13b77wx/market_open_thread_for_general_trading_and_plans/jj9vi3y?utm_source=share&utm_medium=android_app&utm_name=androidcss&utm_term=1&utm_content=share_button)


Mitchuation

🤣🫡🍻


t4zmaniak

Fuck yeah I was missing the IVZ content. Waka Waka forever 🇿🇼


ChZakalwe

Fuck! I'm calling ASIC, ASIO, ASIS, the NACC, the ACCC, the Press Council, the ombudsman and immigration too!


eucalyptusmacrocarpa

And Four Corners


MvTWO__

ASICS slogan is "sound mind. Sound body. Sound of autistic screeching and keyboards chattering reporting all these dirty insider traders and market manipulators." Rip u/anomaly256 too for taking the advice.


biowza

Got a live one u/catch-10110 ✍️✍️✍️


catch-10110

😱


MvTWO__

Bake him away, toys!


Blisser_the_Sniff

Well you don’t have to be a slut about it


ewanelaborate

Worship me ham floor testicle eater


Blisser_the_Sniff

Who said I didn’t slut


Meh-Levolent

I'm at the forgiveness stage of stockholm syndrome.


yothuyindi

portfolio currently 0.05% in the green for the day Chrome -> New Tab -> "buy Lambos online"


BeardFactory

I’m a Nigerian Prince and I have some Lamborghinis I’m trying to import to Australia but my money is currently tied up in a tax haven. For a small contribution you too may have one of these beauties


ChZakalwe

Ewwwww chrome. Use Firefox.


Chemistryset8

Obviously DYOR, but Genex GNX are about to commission their bouldercombe battery. Might see a little bump in the next 6 wks or so.


megadrive65

You pregnant ?


Chemistryset8

Nah I raw dog ANL


2RaxProxy

Namibian government just confirmed fake news was fake.


Far_Unit9020

More like they're only seeking to take a stake in *future* contracts


Jason_Tail

More reactive juice for the engine.


bananadennis

Green day but why is my portfolio red? 🥹


HideTheT2BarryComes

found the bank holder


bananadennis

Bank and HVN….


rhythm34

Loving this IVZ theory that the timing of this raise is to ensure that the free options for this new one get shareholder approval. Presumably there will be one vote on all the new options (both the spp and insto one), so retail that participated won't vote against because they'd be voting down their own options being issued. An actual big brain move this 🧠


ewanelaborate

>Presumably I'd figure they'd need separate votes for separate cap raises wouldn't they.


rhythm34

Possibly. Even having the two items on the agenda next to each other could create enough confusion for them to be both voted through (or people not voting). I'm quick to see a nefarious angle even when their might not be one, but that's where the fun is :)


SnooDonuts1536

Lol green across the board but PLS Red 🩸 Told You


vroomvromm

I think we broke him guys


alllrandom

The reason they have warnings after gambling ads now is because of dumbasses like you.


biowza

Excuse me what? Do you even bother checking the PLS price before posting anymore? Been steady green all day my man.


SnooDonuts1536

Got you ❤️


EMHURLEY

Damn got me excited


BigBiznisMakedonats

His just trying to manipulate the market (This is not financial advice)


SatansFriendlyCat

He's*


ChZakalwe

He is


SatansFriendlyCat

[He's Ebeneezer Goode](https://youtu.be/7b2T8K2D-ps)


AureusStone

Looks pretty green to me. 💚


raindog_

UBS on Gold equities TL;DR - They have a BUY on DEG, GOR, SSR and NCM - but do your own research. **Australian Gold - Like gold, still not easy for gold equities** **+A$3,000/oz in FY24 should see improved earnings/FCF if they can deliver** With an unchanged forecast of higher gold prices in late CY23 and a minor pullback in some equities, we revisit our gold coverage. Following a period of poor production performance, we maintain a preference for quality (new mines/infrastructure and high margins/low AIC) and believe our expectations for the Jun-Q are suitably conservative. Aside from production figures to close out FY23, the coming months should be rich with news flow around studies/growth projects and expectations into FY24. We upgrade NST to Neutral and DEG and RRL to Buy. We prefer NCM over NST and EVN on the improved quality offered by NEM CDIs and are a little cautious on upcoming catalysts for NST/EVN. **Our preferred gold picks are GOR, DEG and SSR.** US recession likelihood at nearly 80% and potential cuts from September For 2023, our US Economics team sees a near 80% chance of a recession accompanied by meaningful disinflation, from core goods prices and rent measures in particular. We expect a data-dependent meeting-by-meeting Fed that is intolerant of outright job losses. While anti-inflation bias will remain, failing to shift policy in the face of declining employment would appear untenable and we expect job losses to materialise by Q3. Although risk remains of a June hike, we expect May could be the end, meaning in September the Fed may look to pivot and reduce rates and gold could reach US$2,100/ oz (+A$3,100/oz) by year end. Read more **We expect the coming 2-3 months to be rich in news flow and catalysts** Starting with the EVN investor day and site tours next week where we expect to hear more on: 1) Ernest Henry life extensions below 775mRL (including capex requirements), 2) Mungari DFS growth to 4.2Mtpa, 3) monetising Mt Rawdon pumped hydro, and 4) Red Lake will remain in focus albeit we expect delays to the mill optimisation study and attaining >200kozpa. For NCM, the takeover by NEM looks on track for Oct-Nov, making short-term production less material. We continue to like the relative quality option of holding NEM CDIs rather than much of our coverage currently. We also look forward to potential divestments from the merge-co and potential opportunities for our sector as well as a cycle of ongoing consolidation. We are cautious on NST into the Jun-Q production targets and upcoming news flow on the KCGM mill optimisation study, but the valuation is no longer as stretched. **Valuation: Prefer DEG, GOR and SSR and NCM of majors** Buy rated GOR and SSR and upgrade DEG and RRL to Buy. We still prefer NCM (PT lowered to A$26.60/sh for NEM implied price) over EVN/NST. We see the sector becoming more attractive at <5x EV/EBITDA and >10% FCF yield over FY24/25E.


coastie_trader

Aww how lovely of them to let the public know (for free) the best gold pics. Now all we have to do is start buying furiously to run it up for them. I presume they already bought in……


Polite_Jello_377

They are doing a public service by pumping their dogs


coastie_trader

Aww how lovely of them to let the public know (for free) the best gold pics. Now all we have to do is start buying furiously to run it up for them. I presume they already bought in……


raindog_

Reminds me of this: [https://imgur.com/suyRxu9](https://imgur.com/suyRxu9)


TrampSwaps

What are some good Lithium or general mining podcasts other than Global Lithium Podcast?


Mysterious_Value_764

Lithium-ion Rocks, if you want to hear all about PLL, and some other of Howard's and Rodney's dogs.


HideTheT2BarryComes

I listen to this when I think about lithium on those restless nights https://www.youtube.com/watch?v=UcCurwmCYx8


alllrandom

Insomnia bro?


Calm_Lengths

GFM working hard for ADN, losing offtake means +9%


LiverCat89

Thank fuck for a good green day. Here’s hoping it doesn’t fade out in the afternoon like it so often does


Suspicious-Sea-4881

Haha already started to fade


TrampSwaps

32 tickers in my watchlist. NOT A SINGLE ONE IS RED. 29 GREEN 3 GREY GFM 🚀🚀🚀🚀🚀🚀🚀🚀🚀👩‍🚀🌕


InterestingShow1112

how about the ones you are holding :D


TrampSwaps

24 Green 2 Grey 1 Red (SNAS swing trade)


BigBiznisMakedonats

Did you completely forget to tell us all the ones you own are not on the watchlist and are coloured blood red?


houli_dooli

I have 4 red AXE but had a good run lately VKA VRC & IPT


Mr_X2017

IVZ raising $9.75m @ $0.12. Comes with 1:2 options. Usage of funds listed as "cocaine fueled parties".


DOGS_BALLS

GFM confirmed? MNS bolting out of the gates at 12%


[deleted]

> GFM GFM?


DOGS_BALLS

Get Fucked Monday. It’s part of the 4 day work week movement


Texas_Tom

G F M


Pricmanw

What’s with the sudden Surge in PEN is there someone who know if it’s uranium or something else?


switchonn

https://www.afr.com/companies/mining/uranium-stocks-meltdown-on-new-resources-nationalism-push-20230530-p5dcfa


cohex

Old news, PDN up 25% from the lows caused by that.


Forlonius

Ask your doctor about surge in PEN is.


[deleted]

Uranium Prices went up


HideTheT2BarryComes

price has been going up since March but stocks didn't care


[deleted]

Broke through support barrier ? edit: resistance barrier


WowVeryJosh

I don't know. Hope that helps


InterestingShow1112

ASM seems like a easy swing trade - load up around $1 and sell at $1.20 I am not smart enough to do this, just hold and wait, while watching the 🎢📉🎢📉


ZuperElectro12

Woah, is that financial advice?


InterestingShow1112

Of course not - im an idiot


ZuperElectro12

Thanks for the clarification, don't know whos lurking ready to report.


GateCreeper_69

Every dog has its day. Everyday


KapitalBabylon

Every dog has its day, every day livin' the doggy style company scam dream, every day ...


asxfucker

ADH was murdered today


Mobile_Community8561

Good shit GGE, I only need 3 more of these days and I am back to break even!


openwidecomeinside

Man i remember seeing GGE years ago when it was like a sub 3 mill market cap lmao


Mobile_Community8561

Once a dog always a dog


janessupportgroup

I sold down yesterday, you’re welcome.


Mobile_Community8561

Thank you for your sacrifice


BeardFactory

My PF is sitting at -15% today. Thank you AGN


GunnerSon_ParkerSon

That one hurt


CamF345

Think I've made the smart decision to sell all my LKE and put it all into PLS