T O P
InterestingShow1112

Wow?! - what?! BPH is back to trading! who would of guessed right after Scomo got the 🥾


dustybunny73

12k down =\ Something something something short term. Something something something long hodl


Dude_Chucks

Something something something fuck the ASX something something


AltruisticCurtains

Up 2.13%. Not bad at all.


staytha

*dogs down super up why has god forsaken us*


[deleted]

Reuters: *Biden says weighs reducing tariffs on China, asks OPEC to pump more oil* https://www.reuters.com/markets/commodities/biden-says-weighs-reducing-tariffs-china-asking-opec-pump-more-oil-2022-05-23/ 'Reducing tariffs' you say? I'm erect.


Whateverididntwantit

OPEC can you please invest money in decreasing the price of the commodity you sell?


[deleted]

"Mr OPEC, I know that I spent all of my time in opposition and during my election campaign telling the world how evil fossil fuels were. Yes, I now understand that this helped contribute to the mass private investment exodus from the industry over a number of years, causing structural O+G supply issues. Yes, that probably wasn't wise. But then the Ukraine war happened. How was I to know? This has really fucked us, but mainly because I lobbied the entire world to cut ties with Russia, a major supplier of O+G because it makes me feel warm and fuzzy. Am I an idiot? Hmmmm, good question."


Whateverididntwantit

[Hotcopper 'engineer' demonstrating why climate change is a hoax](https://www.youtube.com/watch?v=r7l0Rq9E8MY)


sneakycutler

Up +0.08% Market: +0.05% I'll take it, Barry. See you tomorrow.


[deleted]

Fuck him up


Asxpuntingmuppet

.. Punches his time card with a grin on his face .. solid Monday


[deleted]

+9% ✅ today Edit: time for lithium and energy bros to come back to biotech. Join me


Triog0n

Out of interest, I am fairly certain you trade. Do you exclusively day/swing trade or are you mixing invested positions in too? Also remember to flex on us for your fulll year gains end of June!


Exfinfluencer22

He's my favourite twitter finfluencer. Before any trade I ask myself, 'self,what would Mapabi do?' I find it calms and yet excites me.


[deleted]

Hey man, I only ever quote long term portfolio gains here, not trading gains. Would be too embarrassed to share EOFY gains because I know there are a few whales among us 🐳 😅


Triog0n

Nah man % is all that matters. If you've only been posting those long term gains I am in even more awe.


sneakycutler

Wow nice. Which holding lifted you?


[deleted]

Long time CDA holder plus some IMU/PTX thrown in. Tech been on the bid recently, BRN having a jog.


elephant_lion_same

IMU 🤴 Bullish close at 22.5c VWAP 21.96C


skullofregret

I'm red on IHL again? Boo.


imapassenger1

From 2.5% up this morning to 0.1% down at the end. Sucks.


Crumpy88

I was up $10k in the morning and finished $10k down at Barry o clock


Ruskiwasthebest1975

SAME!!


imapassenger1

Okay I'll take mine then...


shitredditsays01

Why do the markets hate me :(


Crumpy88

It’s not just the markets mate


shitredditsays01

Emotional damage!


rhythm34

great to see WOA close 25% up. Still below my buy in but looking a lot less bleak than it did last week. Hopefully it holds


Aggravating_Set980

Good one Albo, good one.


Suntzu_AU

Bought some SYA at close to average down. Gambling again.


anonbrowser_

My order filled at 23 cps. 👌


yothuyindi

"i'm snapping up these cheap shares like a hungry hippo" probably my favourite new deluded boomerism for the day


A_Anderson151

What is the SYA HC thread for $600 Alex


Atzzie

God I want to buy in but everything is telling me this is going to get worse before it gets better


Chookley

Dam, the ass fell out of GAL…


Wannaliveinpenthouse

Please don’t tell me some are expecting it to reach 2$


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Wannaliveinpenthouse

CHN and SFR are those who succeeded while many others failed at the same time. And I still don’t know what GAL discovered


FrankGrimesss

Shit, bit of a speccy sell off in the arvo by the looks?


coastie_trader

EXR becoming a fucking joke now


raegrog

If we don't double or triple bag by the end of this year I'm gonna cry.


coastie_trader

Thatd be nice will need some good news though


FrankGrimesss

Finished -3.33% down, as is tradition


zemadfrenchman

Like that super hot girl who is totally batshit insane... You're pretty sure it's worth it but fuck is it hard to explain to your mates in the face of the constant public abuse


LycheeLeading

https://youtu.be/-8WLa6umgdw


coastie_trader

Then she fucks your mate and takes you for half!


hhjhjkhjkl

Jokes on her you cant split capital losses carrying forward so all she gets is 1200 units of Z1P


mo2704

Nah it's been a joke for some time


sneakycutler

Typical HC post on the SYA thread 😂: *Sadly today's Sayona announcement was released for public view by the ASX on the PLL listing long before the ASX announced it on the SYA listing. That gave the manipulators (shorts and BOTS) a head start to get their down rampers producing lots of negative comment even before the announcement was released. You will note that the time recorded for release on both PLL and SYA was 12:50 pm AEST and this was not the case, I believe that there was almost 20 minutes lag time between the two, PLL releasing first.* *I think the ASX need to answer a few questions as to why this happened.*


Shawzus

What fucking planet do these cunts live on? It’s like the conservatives saying they lost so many seats to greens and teal because the LNP wasn’t conservative enough. What is going on in your brain cunt


sneakycutler

Literally the male Karen's of the trading world *My stocks are down, I'm gonna give the CEO a call! Market manipulation! Paid downrampers!* Bruh maybe ... the market just think the announcement is shit.


Aggravating_Set980

I love my SYA but fuck me 🤦🏻‍♂️ dudes gota be sick in the head 100%


TheNamesLigma

Why did it it lose so much tho?


[deleted]

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Church_of_FootStool

Why would you ask this AFTER you've bought it? Surely you had some kind of plan when you bought it, did you plan on flipping it for a quick buck or did you plan on holding it?


A_Anderson151

You scared them away


Church_of_FootStool

It was probably mod deleted, an almost impossible question to answer without giving financial advice.


SatansFriendlyCat

Mod deleted stuff says [removed], I bleev


Moweth

🐕


dick-face-dick-face

this fucking guy is back. classic.


Moweth

I forgot who you are lmao Remind me?


raegrog

I blame LABOR for the red. Cue "Labor didn't choose your shit speccys" comments.


raegrog

What sook downvoted? It's a joke my guy...


Webpage9

it is their party colour 🤰🏾


singinglike

Hi I'm dumb. If you buy something for 1000x0.50 then buy it again for 10x1.00 then sell it all for 0.9 Does that mean I've made a gain and pay tax on all those gains. Or is it a loss for 10 units and a gain for 1000 units? Does it even matter? Does anything matter? 🥲


lostdollar

What you sold it all for minus what you spent to buy it all = capital gain


TooManyStocks22

You have a capital gain for the profit of the 1000 & a capital loss for the 10. Just put the net profit in your tax return and if you don't understand any of this go to H&R Block.


singinglike

Yeah this is my first year selling anything. From what I'm assuming, mygov can't auto-populate sells because there are different ways to calculate? I've never actually seen what the form looks like for this part, so idk what/how it will ask. I reckon I'll just use sharesight for numbers, and if I can't work it out I'll go to an accountant


Retired-Wiggle

You have to treat each buy differently. An easy example would be that if you did the same buy that you have above, but 1 year apart, one of the sales would get the CGT discount and the other wouldn't. So unfortunately it isnt so simple. Just calculate the profit/loss for each parcel would be your best bet.


singinglike

I've been all over the place buying a lot, selling a bit, buying more of the same stock, then selling that and a little more haha. My parcels are jumbled up. I'll sort it out this tax time but hopefully moving forward I'll remember to be more structured in my buy and sells 😂 it was nice to make a bit of $ here and there but it's a record keeping nightmare


Retired-Wiggle

Ha, best of luck to you! I try and sell in singular parcels to specifically avoid that problem. Your accountant is going to love you.


FrankGrimesss

@my PF: "Do not go gentle into that good night, Rage, rage against the dying of the light."


Webpage9

Which one of you is nashezz on HC taking on the coal loving climate deniers (i.e. everyone) in the [WHC election thread](https://hotcopper.com.au/threads/2022-federal-election-result.6732537/?direction=previous)? lol 🤰🏾


fruitsalad1212

Holy fuck that thread is full of delusional boomers spewing the same bullshit proved to be false. "I believe in climate change its been around millions of years and will be around forever" And all the scientists are wrong because; "The only people allowed to progress through the tertiary education system are those who stick to the staus quo of climate change." Lol.


D3K91

There's some real arthritic brains in there


Instantly-Regret

My favourite comment so far: *Unfortunately Craig Kelly didn't get elected and become our PM because he was on to it and would have cracked it wide open!*


[deleted]

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Instantly-Regret

Fluro dildos... This person knows their dildos it seems.


Webpage9

~~also a DLC holder~~ 🤰🏾 EDIT: already confirmed by SmashPlayers


Qwertyiantne

Can’t believe Albo had the gall to fly to Japan instead of pumping up my penny stocks. The state of this country disappoints me.


Webpage9

and if he was serious about climate change he would have taken a canoe not a jet fuelled polluting planet destroyer 🤰🏾


Calm_Lengths

Maybe u/tokyomoe can have a word with ANAL while in japan about pumping our pennys


BuiltDifferant

I know where in a national disaster and he’s on holiday in Japan. Fucking gall on him.


[deleted]

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SticksDiesel

Playing 'May Sun in Tokyo' on a banjo no doubt.


[deleted]

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coastie_trader

So it drops 10%


[deleted]

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staytha

20? Surely that could've gotten a slightly better deal. Oh well


coastie_trader

Yeh nah thats good.


Razorzej

Well Australia tried ANAL for the first time this morning. Felt good at first, but now there’s all this red on the floor…


sims3k

Analbaneezy aint ez


[deleted]

There’s Jack for that


coastie_trader

eeew jesus wept


Mirahge

Bruh I am straight up not havin a good time today. Rough times with SYA, IVZ and LRS continuing to dog on.


SlavOSquad

What’s your price on LRS


Okay_Brilliant

IMU still a buy?


paulm1927

Well it’s close to my buy in price and I’m holding so….


Calm_Lengths

Depends on whether or not you want to suck the hopium given through the letter to shareholders.


Strongest_Weakling

SYA fooled everyone into thinking it wasn't a dog. Sit Ubu Sit. Good dog.


Shawzus

SYA $2B MC, pre Tax NPV8 of $1B hahaha no wonder this market is cooked


Aggravating_Set980

SYA has 3 other projects - understandably NAL’s the main hype. Spodumene price they’re using here is extremelyy undercooked too Shawzus. Not even talking about future forecast - I’m talking about current prices I’m not sure why they’d undercook their own report. I still believe strongly in SYA and there ain’t many other junior North American producers going round.


sneakycutler

​ SYA the company that has a deal with Tesla?


Far_Unit9020

Highest spod price used that I've seen for any li co PFS or DFS. Price used has to be factored into the life of mine (27 years), not just the next 5-10 years where price may stay elevated.


Aggravating_Set980

Then Sir considering that, all Li stonks atm is fuck. When they come into production I have to half intelligently assume Li will be the most $$$$ it’s ever been?


Far_Unit9020

Over half of their first 2 years of production is being sold for US$900t.


WeatherOutside

Why do they put in stupid low spod assumptions. Asking for trouble.


Aggravating_Set980

From the dudes that brought you the sudden ‘doubling of Moblan Li resources’.. can’t help but think they like playing the market. Using 2018 spod prices (exaggerating.. but still lol)


TooManyStocks22

They do have more than one project.


Shawzus

$2B MC hahaha I hope the other “project” Is pumping out money right now


SnooDonuts1536

Some intern freezes ASX? Does it need a restart? Nothing is moving


JSwyft

**SYA** have released their La Corne (NAL) [pre-feasibility study](https://cdn-api.markitdigital.com/apiman-gateway/ASX/asx-research/1.0/file/2924-02523963-2A1375128?access_token=83ff96335c2d45a094df02a206a39ff4). AU$100mill CAPEX (p.1). Crept up a bit, but it's still within the ballpark. Rising construction costs won't be surprising to anyone. Re-iterating start up in Q1 2023 (p.2), which is good news. I guess that means commissioning, with full production by Q2. Initial capacity of only 163,266tpa (p.3), which is shy of the 220ktpa promised. I don't think the market will enjoy seeing that. I mentioned before that I had them at a real world recovery of about 60%, which means \~66% on paper. They've gone with 67% (p.3). Strip ratio is as expected: 5.3:1 (p.3). It's also open pit, which is good. They've countered the ore issue at La Corne by using a 67:33 blend (La Corne:Authier). I've dubious about the US$1242/t long term market price used. **They've got a capped 50% offtake at US$900/t, which means they're using an effective market price of US$1580/t (p.3).** **Mr\_X2017** **& I already criticized LTR for using US$1400/t, so naturally I can't agree with SYA's figure. It should've been no more than US$1100/t combined, IMO.** Obviously that issue will be erased if they produce lithium hydroxide or carbonate (p.21). FOB cost of US$385/t (p.3). I've excluded the US$205/t mining fee paid to Authier, because it seems they're just juggling numbers within the SYAQ entity. That $385 is the highest cost in the world so far, but at 160ktpa, that was probably a given. 27 years life of mine using only about half the resource (p.3). [I've said before this is where I see the largest upside](https://www.reddit.com/r/ASX_Bets/comments/umwa7k/comment/i84yhqa/?utm_source=share&utm_medium=web2x&context=3). Another positive is that they're still considering lithium carbonate (p.2). **Edit:** bolded part may be wrong—the wording of the PFS is ambiguous, see discussion below ​ Notes from a recent lithium conference in China: * they expect \~US$6k/t in the BMX auction tomorrow afternoon * expect price pressure for another 3 years * lepidolite in Jiangxi is producing 20 tonnes of waste per tonne of LCE, so there are ESG concerns. 10t of that can be used in cement, but the remaining 10t is problematic * Qinghai salt lakes are struggling to expand due to infrastructure problems in the mountainous regions. They're facing environmental regulations as well. Only about 4,000 tonnes of LCE were added last year from there. They want to unlock potential through DLE if possible


Far_Unit9020

>They've got a capped 50% offtake at US$900/t, which means they're using an effective market price of US$1580/t (p.3) I believe the PLL US$900/t figure is valid for 2023/24 only (p.21). This might reduce the effective market price you've calculated.


JSwyft

Good catch: >From 2025 and beyond, Sayona is reverting back to market prices for the entire production as it seeks to pursue a lithium transformation project on site... When I skimmed through that, I interpreted it as "we'll get market prices once we go downstream" (lithium transformation on site), ~~but 2025 would be too early~~. I'll update the peer comparison later and see what effect it has. SP held up surprisingly well today (prob doesn't seem like it). **Edit:** downstream not upstream


Mr_X2017

PLL offtake allows them to divert the quantity only to their own downstream plant. 2025 is the current target per their AGM presentation for "begin refinery operations at Abitibi". It is incorrect to say it "ends in 2025" though. edit: *"Revenue up to end of 2024 is based on the 50% of the concentrate sales at average benchmarked spodumene market prices and the remaining 50% of concentrate sales to the Piedmont Lithium contract price. An average of benchmarked spodumene market prices is used for 2025‐2026. From 2027 onwards, the spodumene concentrate price used the Wood Mackenzie Q1 2022 real contract price forecast."* Neither PLL or SYA say the same thing about their offtake agreement in official documents. Honestly it is so dodgy. I wouldn't find it hard to believe behind the scenes it isn't all friendly and they might come to legal blows in the not too distant future.


JSwyft

Your understanding is the same as mine has been. The wording of the PFS is ambiguous. Maybe I'll offer 2 options in the peer comparison. I just checked and you're right about the plan to produce LCE in 2025/6 ([p.7](https://cdn-api.markitdigital.com/apiman-gateway/ASX/asx-research/1.0/file/2924-02480025-2A1353255?access_token=83ff96335c2d45a094df02a206a39ff4)) announced at the AGM. Can they really believe that? It requires a 6-12mth study, US$600mill in funding, 2 years construction & 1 year qualification. I think if things go well, they can get it fully producing by 2027. 2026 is possible with technical carbonate, to be fair. I just don't get the sudden 25% cut in production. Is it a bottleneck issue? They only have enough for 20ktpa of hydroxide now. The cheapest way to expand is to do it alongside the refurbishment, surely.


Mr_X2017

Well they just released a feasibility study 3 months late so I reckon its a safe bet to take their timeline with a huge grain of salt lol. I doubt they are making Q1 for NAL restart either. Only guess on the production cut would be a bottleneck on what they can do with the current plant/footprint and expanding it would require a huge delay for environmental approvals? Maybe the plan is to just extract what they can from the Abitibi hub, path or least resistance, and target a larger hub at Moblan. Offtopic - started building a position in PLS today. Wish I had the cash a week or so ago....or a time machine.


GeoSciFi

I'm hoping that PLS receives the estimated \~US$6k/t in the BMX auction tomorrow! ;)


Mr_X2017

Their capped offtake with PLL is even worse than 50%. It is "50% or 113,000t - whichever is greater" so with the surprise lower yearly production rate that cap bites even harder.


Far_Unit9020

Yep, at planned annual capacity of 163k/t PLL's 113k/t at US$900/t quota for the first 2 years equals nearly 70% of production. And that's assuming SYA even get to 163k in their first 2 years of production...


Ok-Penalty-7046

Scott Morrison should try and secure a job at LPD. Would go hand in hand at maintaining delayed targets


coastie_trader

you watch he will be running Hillsong next


InterestingShow1112

I heard they had some vacancies .....


sneakycutler

NMT been a dog the past few months 😮‍💨


coastie_trader

yeh it and everything else


TooManyStocks22

Agreed.


coastie_trader

Oi AVZ gimme my money back I never agreed to this. This is some buuuuuuulllshit


isthatthetime81

Yeah it’s shit


InterestingShow1112

HAS doing a 20:1 split - going to be weird seeing it go from \~$0.32 to \~$6.50


Doomkoon4648

It does my mind in, do they think it will make much of a difference? I watched pek do a 10:1 and it's lost half its value from it.


Calm_Lengths

Probably for the same reasons as BOE doing a consolidation as well, apparently instos don't like buying sub $1 stocks


InterestingShow1112

I'm not touching that penny stock with 2 Bil+ SOI's....... but I will touch that $6 with 100k SOI


Calm_Lengths

🤡🤡🤡obviously very smart people...


lostdollar

Sometimes you just need management to tuck you in and read you a story. Thanks IMU.


mo2704

https://imgur.com/a/RQt1Jhl Bit of a win this morning


TooManyStocks22

Well done, you can pay some bills with that lot!


[deleted]

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DX6734D

So time to buy in that case?


[deleted]

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sneakycutler

“Ive never been wrong” said no successful investor ever


rhythm34

haha yeah exactly what I was thinking. 100% hit rate? Should be richer than Jim Simons


DX6734D

Yeah, that is a strong buy signal.


[deleted]

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DX6734D

Nothing personal man, but whenever someone says something is a certainty I'm inclined to do the exact opposite. GL tho.


coastie_trader

how bad you see it getting?


[deleted]

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coastie_trader

I agree mate market is looking weak as piss.


Affectionate-Gap-166

in the words of the split endz - I see red


Mr_X2017

Out of SYA. GLTA DYOR.


WadoBJJ87

Wasn’t the announcement we were hoping for… will hold


Far_Unit9020

Disappointing PFS


_jayboi

Whats wrong with it?


[deleted]

[удалено]


WowVeryJosh

Positive = run for the fucking hills


Aggravating_Set980

People were expecting greater value - although I’m still standing by that this is conservatively af priced. Again this is for NAL alone at a conservative spod price. There won’t be many North American lithium producers so ain’t no way im dropping


Aggravating_Set980

Moblan, Authier, Morella to add to what I genuinely think should be 1.5 - 2 bil NAL with changing spod prices. Sell downs are absolutely exaggerating


TooManyStocks22

By the look of the share price drift downwards it is probably a good move!


Barbados_swole

Thank god AXE, you dog.


Moxanz2

When transferring a portfolio from one broker to another can you choose to only transfer one of your holdings? I’m guessing not


TooManyStocks22

You guessed correctly.


Moxanz2

Can you keep transferring over? For example I buy stocks using Stake and transfer over to Selfwealth every now and then. Just a shame Stake doesn’t have a stop loss option.


[deleted]

I'm wondering if there might be a limit. I have the same predicament - thought that stake were going to be my broker saviours, but no stop loss. if IBKR were chess sponsored, I'd probably be there in a flash. I used to trade with CMC, found them clunky, went elsewhere, and now they've improved, and I like the data access. Figuring the $11 per trade is worth it for the stop loss + data.


TooManyStocks22

Check with Stake but when you do the first transfer I reckon they might close off your account.


lionsforlambos

Can all my other stocks release letters to the market saying “it’s gonna be ok brah”


BuiltDifferant

Would you make a lot of money shorting bhp before demerger?


TooManyStocks22

Probably not.


Dont_Forget-To_Floss

Ok, I'm done with buying. IXR and VML. You can rocket now. K thx.


drail85

do you dabble in other commodities or are you full blown just in the rare earths? also, the write up on REE you did a few weeks back, got me on the VML bandwagon. thanks


Dont_Forget-To_Floss

In Geoff we trust. Yea I'm also in LKE and PEN - I actually sold half of my LKE for more VML and IXR. When I first started in March 2021 I wanted to try and get a bit of everything to have a spread of 'clean energy' stock, but after a bunch of research and reading and talking, I'm pretty happy with a heavy rare earth portfolio. In it for the long game too, so now I'm essentially sitting and holding so the red days don't worry me (and many others). Disclaimer: I am degenerate and DW8 was my first ever buy.


drail85

All hail geofferson airplane 🙌


[deleted]

Indeed - thanks for the writeup u/Dont_Forget-To_Floss writeup for those that missed it: https://www.reddit.com/r/ASX\_Bets/comments/uana3a/welcome\_to\_flossys\_rare\_earths\_101\_for\_basic/ btw - those rare earths are used in ceramics -neodymium = truly weird shit that changes color in different lighting situations, but usually a pale mauve:[https://glazy.org/recipes/34347](https://glazy.org/recipes/34347) Praseodymium = super hardcore yellow:[https://glazy.org/recipes/78182](https://glazy.org/recipes/78182) There's a cheapish supplier in the USA, so the slave labour that was most probably used to get those colors is a mega downside of using them.


Calm_Lengths

🚀🚀🚀📈📈📈


Dont_Forget-To_Floss

REEEEEEEEEEEEEEEEEEEE


SnooDonuts1536

The rise and fall of the almighty XJO


coastie_trader

ASX clearly stoked we have a new PM...


bootros44

No hung parliament is the kicker..


[deleted]

PTX +6.5% Nice little jog for this illiquid bio. Small shares on issue. PTXOC 11.5c (6.25% strike up until March 2023)


josh__ab

What tf just happened to SWF


TooManyStocks22

There is unrest between LGGC a 5% shareholder plus others & the Board. Link - [https://cdn-api.markitdigital.com/apiman-gateway/ASX/asx-research/1.0/file/2924-02520517-3A593391?access\_token=83ff96335c2d45a094df02a206a39ff4](https://cdn-api.markitdigital.com/apiman-gateway/ASX/asx-research/1.0/file/2924-02520517-3A593391?access_token=83ff96335c2d45a094df02a206a39ff4)


josh__ab

I knew about that but today specifically. Looks like the after hours change in significant holding announcement confirms the whales were warring today. Minor correction that LGGC is on the boards side.


devonham

If albo says "critical minerals" at the quad I'm gonna cum


Aggravating_Set980

Fuck yeah SYA positive mid-dayer


Mysterious-Cut3948

Trading resumed


Mysterious-Cut3948

Trading Halt?


jtrulerededit

Any thoughts on the announcement?


The_Real_Tom_Collins

It is going to fucking explode (...or maybe go up just a little bit very slowly)


jtrulerededit

Market seems to not like it. Not many buyers after the announcement. Hopefully it will change 🤞🏾