T O P

Market Open thread for General Trading and Plans for Wednesday, September 22, 2021

Market Open thread for General Trading and Plans for Wednesday, September 22, 2021

kangaroute

So, how would a guy get rid of his CLZ holdings? asking for a mate


springoniondip

Put a buy order in and sell them at the same time


plucky26

this is such an overused rouse. I don't know anyone who would and I would never put in more buy orders with others who want to dump and pull them before executed.


springoniondip

Oh I was joking haha, people actually do this?


capitolTD

LKE on quite the run, my brain chip hurting :(


mibdaa

Whats the allotment date for LKE Bonus Options? To show up on Automic?


waade395

They're already listed in automic


mibdaa

When do they convert to Ordinary Shares tho? I have already exercised my options and paid in full via BPAY. It's still listed as bonus options under 'LKEBOPT'


is2017goingtobebad

Takes time. Edit: you can email Automic


Embarrassed_Land_728

Huge volume VN8 day and 11% up - no hang over from yesterday’s NI pump, TA has finally turned to buy so I imagine that helped


kegabb

I csnt find my bonus options for LKE on my selfwealth portfolio I guess it doesn't matter and I don't gotta do shit cause they're gonna expire worthless? They'd have time value on em now tho? So I can sell em for a few bucks?


waade395

They're not asx listed so won't show in self wealth. Log into automic


kegabb

We can't sell these can we? Only excercise them of we want?


waade395

Yeah can't sell the 35c options. They said they intend to make the 75c options tradeable


kegabb

Ooh okay. Got you. Thank you sir. When are we getting 75c options?


waade395

You only get them if you exercise your 35c options. There's a semi recent announcement that has all of this info


HeiPando

I mean the options if you exercise provides a 74% ROI at today's close. So you could exercise them for a few bucks.


[deleted]

JXT Capital Raise today. u/bigfoot2077 thinks he's won the bet but a week is a long time in the life of a shitstock.


Bigfoot2077

Double or nothing?


[deleted]

I’m already up for 7 months of purgatory. You’re only staking 1.


Bigfoot2077

Yeah just shit stirring, would make for an epic ending to the bet if you doubled down


[deleted]

Make it worth my while and I will. 7 vs 14?


Bigfoot2077

Na I’m not that keen, I’m just in it for the lolz With JXT’s lack of liquidity it wouldn’t take much for you to steal it at the last minute


[deleted]

You’re right liquidity is that poor. I hear the placement is small and to existing holders so the damage might be minimal. Time will tell. Tick fucking tock. Lol


Rosencrantz1710

LKE bringing the gains for me today, with helpful supporting performances by RFT and LEL. Good day overall, turned some overall red investments back to the verdant shade.


is2017goingtobebad

LKE with largest volume since February.


[deleted]

Options traded


_jayboi

Lke to fall untill options expire?


gunit1987

Loaded PSC yesterday & ASN today..


Dervishwhirled

What’s your read on PSC? Big bump today. I limped in to get a start before the OFS


gunit1987

No idea... I'll take it Hope AsN does the same tomorrow


OddCan50

Imagine not buying lke at 48-52c because you were waiting for a deal/dip 🤕😪😢😭😭


[deleted]

I WiLl bUy BaCk iN wHeN iT dRoPs tO 35cents


imapassenger1

Green largely thanks to FYI. VML lost its second pip late in the day, sadly. But I've stocked up at 0.059 and have high hopes that this is THE ONE!!!


GlitteringFunction5

FYI has been so volatile recently! I mean, I know everything has, but it feels particularly so


isthatthetime81

.39 in the green for the day. I ain't complaining though, what a week (so far).


Markma1989

Finally a green day for me.


Lolthorn

Bought some PEN today, hopefully not too FOMO


Jason_Tail

Why am I disappointed that LKE closed at "only" +18.5%. Guess tomorrow's another day.


capitolTD

Because PAM and KNI ruined our expectations.


kegabb

I'm dissapointed too.


is2017goingtobebad

PNN rockets 50%+ while LKE only 18%. Come on man why can’t LKE rocket 50% in a day.


Jason_Tail

It feels like those constant SPP predictions they pay for are almost holding them back at this stage. 73c by years end remember? Gotta think it can break that ground relatively easily.


[deleted]

it will when the first offtake agreement ann is released


WowVeryJosh

Massive difference in market cap added


lionsforlambos

1.6% up, tailed off a bit in the arvo, but helped undo some of the damage of the last two days


Mysterious-Ball-6640

Fuck Barry. Couple % Green all day, and then finished 2.20% red. Go easy you motherfucker! 😘


Markma1989

Which stock you have.


hgttg

Red by .02...I guess I can't complain


AureusStone

🎉🎉KLL green day today. Finally. Who is going to RSVP for the $0.30 party?


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plucky26

> we'll see a rerate of some sort. Probably 40c by Xmas of there's no problems. bet on it? you will stake your reputation on it?


L00puoq

Barry time.. lets see what he is upto today..


yothuyindi

Are there any actual pure play battery nickel *producers* on the ASX, and not just pie in the sky indefinite-cap-raise-leech prospectors? 'Cause everything that I've come across while searching looks trash with better odds of returns by buying a lotto ticket


BuiltDifferant

Bhp. Market cap is kinda big tho.


huydn

PAN for nickel - super close to producing (end of 2021) AIS for copper/gold - already producing, still exploring for more


yothuyindi

I already hold AIS, am after nickel to round out the supply chain 💘 PAN looks intriguing as locally-based, but again it's just a prospector


Razorzej

PAN PAN he’s our man, isn’t he u/GlitteringFunction5 ?


GlitteringFunction5

We love PAN!!! 😍


Any-Juggernaut972

Have you had a look at AOU, They are still expanding their known resources but have started scoping studies for start up with what they already have.


Mr_X2017

MCR nearly. You’d have to check how much of the underground decline they have left to dig until producing.


yothuyindi

scary market cap for something so speccy 😮


Mr_X2017

It’s not a speccy though? They are developing the mine right now. But yes I haven’t given them a good look recently re valuation - I was in at 60c and out in the 90s as they were entering boring phase. They are now drilling the ‘no go’ zone now and getting hits - which is obvious there would be.


yothuyindi

I know what you mean, but 'speccy' is more just my lazy blanket term for 'company yet to generate any goods or revenue' 🙃


Forlonius

Basically nothing that fits that bill for either nickel or copper on the ASX I've found.


WowVeryJosh

u/Mutated_Cunt curious if you've been looking into the region of Kazakhstan recently


kervio

Is this an attempt to surf the NI wavepool?


WowVeryJosh

Perhaps


kervio

Well I want in...


Mutated_Cunt

Kazakhstan numba wan producer of Uranium I've got half an eye paying attention to how things are going on over there


Razorzej

How many eyes do you have now?!


Designer-College2900

i wonder what twiggy is doing right now... hes probably like what the fuck


Cussie888

you'd think Twiggy would have upgraded his nickname to Branchy or Trunky by now


plucky26

or cocksure or analdemon or Ass2mouth.


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kangaroute

im so sure the only thing keeping FMG above 15 is the excited boomer or businessmen who cant believe their luk.


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Markma1989

Me too bro. Bought some at 15 dollars.


plucky26

Unknown factor is how much supply and demand, Vale could break its record on production next year and then my shitty stake on one specy iron ore would be worthless.


Dervishwhirled

Any reason PSC has bolted? Feel like I’m missing something, but I can’t see an Ann


lionsforlambos

Fuck yeah, keep jogging ACW!


str0nem

Fellow autists, am I correct in seeing DYLO will have to be exercised if DYL doesn't drop below 78c for the next \~5 trading days?


Mutated_Cunt

Correct, if thats when the provision expires.


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Markma1989

Take profit and get out.


locri

This is not financial advice. I'm holding for a couple of months for when options expire and there's more progress on mining operations. I am very disenfranchised with day trading right now.


snapin

HODL


willrjhan

Ride it out, Steve said in the webinar he expects the 75c options to be “well in the money” by mid next year.


_jayboi

So not much prive moment between now and mid next year? Is 75 cents the ceiling?


willrjhan

By in the money I think he means they’ll be over 75c so it will be worth exercising the options


_jayboi

Wanna jump in under the 50 cents 😬😬


n00ba7l1f3

Wouldn't be the first to upsell their own company's stock. PFT to $2 by Christmas 2020 anyone?


willrjhan

I mean it’s kinda his job


Forlonius

I like LKE but Steve is not gonna be the second CEO to ever talk down the price of their own stock.


Markma1989

Maybe lke dropped to 40c region again.


Ruskiwasthebest1975

Can anybody please explain to me how VUL is worth more than ACTUAL producers? And by so much? I need to get an understanding of how this happens. I get what they are doing looks great and all…….but still ?


plucky26

dumber and dumbest. Someone gets to be the bag else this system of wealth transfer doesn't work.


BuiltDifferant

It’s a lithium deposit in an extremely stable country. A lot easier to get funding and you also have a really rich shareholder that may help get it there. A lot of developers may never become producers keep that in mind.


Rude_Jello_377

Which producers is it worth more than?


Ruskiwasthebest1975

ORE…..


Rude_Jello_377

Oh so you are that kind of retard that hasn’t even learnt the difference between share price and market cap yet. Cool cool cool VUL market cap - 1.6B ORE market cap - 5.6B


biowza

Where are you getting that they're "worth more than actual producers"? I sounds like you don't know the difference between market cap and share price. For reference the market cap of VUL is around $1.6B PLS has a market cap of over **$6B** ORE has a market cap of **\~$5.6B** MIN has a market cap of **\~$9B** There is an argument to be made that entire sector is over valued, but your beef is with lithium in general, not just VUL. LTR has nearly twice the market cap of VUL and is still a ways away from production for instance.


Ruskiwasthebest1975

I was meaning purely the SP price as my idea of “worth” sorry. Normally the explorers/developers SP runs lower due to risks associated with getting to production. Why does this one buck that trend is my curiosity……..but thanks for the response/effort.


shadowofsunderedstar

I think they're promising cheaper lithium, which is carbon negative, also able to sell renewable power to the grid, while also being entirely Europe based Win, win, win, win


Ruskiwasthebest1975

Thanks!!


HeiPando

Cost efficiency of logistics for all major Europe automaker. Production starts in 2024 and most giga factories will be done around then as well.


Ruskiwasthebest1975

Thanks!


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capitolTD

$15.37 looking smart already, you can always close out your position for a profit. As they say, no one ever goes broke taking profits.


AntiCGT

Nice, I'm still waiting until around Feb.


Markma1989

You think February next year is the lowest dip? At what price ?


AntiCGT

My plan is to try and buy once IO price seems to have bottomed out and I expect the Winter Olympics to affect that with steel mill shut downs. No target price, just whatever I can get it at. I rarely set SP targets.


Markma1989

I will buy 5000 dollars as long as they dip 5 dollars.


AntiCGT

If SP goes to $5 I hope you buy more than 1000 of them.


Markma1989

How bad will economy be if it dips to 5. Hope this evergrande thing turns out well.


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Markma1989

I only bought 5000 at 15 dollars.


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Markma1989

Haha. Just 5000 dollars mate.


Yumeko_Jabami_1

Both IHL and PTX did not receive the memo that it’s a green day.


Lanky_Garage_6920

I’m in both as well, couldn’t watch the PTX presentation today, did you happen to watch it?


Yumeko_Jabami_1

No, I was at work 😟 am keen to see it.


locri

Most people are invested in IHL for the NASDAQ listing, which was due this week but hasn't happened for some reason. If I felt more confident right now I'd be buying the dip.


thub1990

Are you kidding? The nasdaq listing was never expected this week, no one knows when we will get a date, all we know is shareholders have voted for it


locri

They proposed it four weeks ago, it takes about three weeks to finish listing, the shareholders voted for it Friday, I assumed they just needed to send a final confirmation to new York. Whatever, I can wait. I get mine when I sell and I haven't sold yet.


potatootatop123

I don't think the listing is due this week.


Yumeko_Jabami_1

I topped up at 34c yesterday, but am not expecting anything this week.


DontDoTheDo

All my uranium watchlist is green today except for PEN and GTR. Guess which two I own?


Meaty0gre_

92e and age?


slan12

Same 🙄


L00puoq

Two morrow will be a different day..


Sufficient_Guess2732

DYL PDN


shadowofsunderedstar

Come on AXE this has been a disappointing day


Mr_X2017

Can PSC be stopped? I hope not.


Auspat884

Anyone lucky enough to be riding the GMD rocket today?? 🚀🚀 None of my goldies ever do shit…so jealous


dusk_knight

My friend did, he was up enough to buy a Tesla at open… He even told me about few months ago, but in true fashion of sticking with red only, it is just sitting on my watch list instead of being purchased 🥲


cozwez

One of us x


yogaisnow

Evergrande can pay their bond interest payment yay


Mother_Limit_1398

Yay


capitolTD

They have more than one interest payment due over the coming weeks, I'd like to see them pay them each on time and in full before celebrating.


Mother_Limit_1398

And if this month is paid up..then what? Whens the next to you payment due? What options will there be?


tspunar

They have enough to cover a single payment this week. There is still a much larger $83 million secondary payment which is due later this week with no indication of how they'll cover that one


Mother_Limit_1398

Dang


coastie_trader

Feel like this will buy them a little time but wont fix their huge debt problem? Could still collapse


yogaisnow

Yes, you are right - they are buying time and kicking the can down the road.


HeiPando

Wish there was more transparency on the negotiations cause how are they going to do it.


KrondorMocker

there was some further analysis [here](https://i.imgur.com/2BAIE7t.gif)


yogaisnow

Borrow more money? 😂😂


Interesting-Aide8842

Actually not really. They will turn offshore bonds into junk. That’ll save maybe 200b. Friends and relos of Founder Hui Ka Yan might be short of a few coins in the foreseeable future. Though fraud and theft doesn’t end well in China.


Rude_Jello_377

Yeah being short a few coins is the best case scenario here. More likely to be short a lot of red blood cells


Interesting-Aide8842

🤣🩸🩸🩸🩸


HeiPando

They can't. The whole reason why they are in this problem. CCP started in April to stop developer from securing loans and getting leverage when they have piles of debt. This is the whole reason why Evergrande collasped cause the CCP started putting in the effort to stop a bubble but it was already inflated to much to start controlling.


Instantly-Regret

human organs get you some decent profit


zemadfrenchman

Had to check to see if I was on /r/rimworld for a second there


FallenArchon2020

Only country where you can book a liver transplant


Auspat884

MHK Probs get downvoted for this, but looks like pullback is now done with from initial spike. Looking strong for a move up now.


springoniondip

Hoping the same happens to NKL tbh


viserys-the-dragon

Was ready for a huge hit today across the market, but instead had the best day of trading so far? up 10% because of LKE, hehe v happy But i guess tomorrow and Friday will be the real telling day if Evergrande defaults?


Woftam11

Going with the theory that it’s not a loss until you pull out…


KrondorMocker

...that's how you have kids?


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Rude_Jello_377

Sunk cost fallacy :P


plucky26

or wear a condom


sulmar

Dunno about you but pulling out for me sure does seem like a loss since it's annoying and leaves a feeling of dissatisfaction.


Woftam11

Large losses if you stay in though…


HeiPando

Guess FOMO on the last day on LKE for options wasn't that rough of a ride. Evidence of me throwing 10k at 60c is on my guide to exercise LKE options [here](https://www.reddit.com/r/ASX_Bets/comments/pefab3/guide_how_to_exercise_lkebopt_when_it_becomes/).


ITSYOURBOYMAXB

Wish I bought more LKE and less ASN


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Ruskiwasthebest1975

U were supposed to buy on monday?


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Ruskiwasthebest1975

I placed my orders on monday for 4 stocks expecting maybe 1 would hit and bloody 3 of them did - between 8.30 and 9.15 Tues morning. I didnt realise that could even happen 😂 Well green on them so far 🤞🏻


Yumeko_Jabami_1

That’s more like it LKE, hope the afternoon run goes uphill a little more. 🏃🏻‍♀️


Interesting-Aide8842

Nice tendies 😋


Yumeko_Jabami_1

Hopefully I was not being too greedy at 65c. 🤦🏻‍♀️


Interesting-Aide8842

‘Kn smashed it 🍾


Yumeko_Jabami_1

No champagne unfortunately I’m too far down the queue. It reached 65c, but not for me.


Interesting-Aide8842

It might fly tomorrow 😉 but not advice in any way so don’t do anything silly.


Interesting-Aide8842

That’s a big list in front of you- good luck


Yumeko_Jabami_1

Yes, I’m about a third down. Did get one parcel sold this morning at 62.5c so I cannot complain. I was too greedy going in for 65c. Live and learn 🤷🏻‍♀️


Interesting-Aide8842

Bird in the 🖐


BeardFactory

Buyer 9M units vs Seller 3M atm seems like a pretty crazy ratio


Yumeko_Jabami_1

Yes, this is the time I have been waiting for. Worked through lunch so I could keep an eye on this afternoon.


BeardFactory

If we get through the 65c wall we could get a pretty nice closing price. Re your below comment, what was your buy-in price if you’re just trading LKE?


Yumeko_Jabami_1

Jumped back on for round 2 at 52c.


BeardFactory

Nice catch with your timing !


Yumeko_Jabami_1

It did go sub 50c before that but I wasn’t sure and took too long to think.


HeiPando

Was expecting it to close around 58c but ohwell. I reckon we are still not over the roller coaster this week.


Yumeko_Jabami_1

You had a rather pessimistic close prediction for a stock with such high interest. Are you long term holding? I just trade.


HeiPando

I got both long and short parcels on different accounts. Overall, should see a pull back a lot of SOI is in the hands of retail so the extra via options will be traded frequently.


Yumeko_Jabami_1

I am hoping it breaks through about a third of the 65c sellers before it pulls back 😉


Any-Juggernaut972

LKE Lake Resources. If you are interested in what they are doing and what's ahead here is a link to today's Lake Inversor Webinar. It's on instant playback and gives a very good account of what they are doing with Lilac. When the page opens up just click on the link. Cheers [https://cdn-api.markitdigital.com/apiman-gateway/CommSec/commsec-node-api/1.0/event/document/1410-02424345-513I8J8OO0LTONS4TMKRNKKKHT/pdf?access\_token=0007xP2FiiWVOsI24o6cfGYls6RM](https://cdn-api.markitdigital.com/apiman-gateway/CommSec/commsec-node-api/1.0/event/document/1410-02424345-513I8J8OO0LTONS4TMKRNKKKHT/pdf?access_token=0007xP2FiiWVOsI24o6cfGYls6RM)


springoniondip

Nice try Rick Astley


plucky26

nice pick up.


Leadership-Quiet

ASIA is still holding up for me just fine somehow I assume because Evergrande is not part of the portfolio.


ITSYOURBOYMAXB

ASIA is a Tech ETF