By - AutoModerator
Ditch your LKE. Last warning
Send me to the circus coz i be catching them knives
Imagine being +21.59% on ZIP - only if you bought yesterday or back in 2016 vs every other holder down 90%
Nvx starting to get to juicy prices
Remember when it was $12. Those were the days. $7b market cap. I didn’t sell because I’m retarded
I bought at $1 😭
Drink HVY beer.
I just opened Commsec for the first time today. Damn. 🍺
Also ARR 23%? Shesh. (Having said that im still 53% overall on ARR 😂)
Urhhh, red again. Beer time.
GRE finished well again today, really curious to see what happens with more promising results on the horizon. From memory they only have a 10m market cap and have 4m in cash.
I'm down on my initial investment, but I'll continue to hold and see what happens, some interesting action to say the least
Wish my weed stink would give me another 30% boost like last week........mi goreng tonight
Ok so went from 200% up in March, to 0.10% up on the 23rd of June, to 24% up on the 24th of June... the joys of only holding one stock. Can anyone guess which one?
That was way to quick and easy.... i didn't think about checking histories
Oh I didn’t check I’ve just been holding for a long time and in tune with the highs and lows
Impressive. That's how i hoped it would be played 😃
End of Feb/March was a great time, we’ll be back there soon
It was. I felt like king dick. Telling the wife how good i was doing... now i change the subject when she asks. 'Lovely weather isn't it dear?' But seriously, this week was pretty good. The next 2 could be rippers
Yeh lot of speculation buying I feel we’ll be hurt if no positive news next week but looking like their should be, still lots to come
Eventually we'll all be laughing and glad we all held. High risk, high reward 😊
Yep risk it for the biscuit
Anyone know how to change the average price of a stock on stake?
Buy some more, should do the trick.
Link to the share cafe webinar with Stu Crow (LKE)
Even MFG was flying today
Enjoy the weekend koalas 😌
Get back into your tree and gorge on eucalyptus leaves
Really sus bounce. I'd rather wait for next month than to risk this being a dead cat bounce. So much bought way too quickly with no news. I doubt recession is priced in, I don't think most are thinking it'll happen and we are half way through our rate rises for THIS year. A further drop may catch some off guard.
Just becareful to those that are having the gamblers mentality and seeing this as a sign to recover their losses by throwing in more cash. Just tread lightly, maybe DCA if you must do something.
Short term short covering. We are going lower
My bet is bear market rally. Might last a week or more. Then, regular programming resumes (losing 1-3% every day).
So you're saying I shouldn't buy more IVZ?
nahnahnah buy more IVZ tho
First green day in quite some time. Another 30 days of these and ill break even methinks!
At -$27,091.05 it's a long way back to green.
Barry too busy having nosebeers from the T+2 winnings he made today to take away my green
Busy all day at work so wasnt checking but nice end to the week +6.74% - was 5.86% pre barry. I guess he is high on the green today too.
That sounds boring. Live a little.
Recession ununcancelled boys. The asx manager just called me to say have a nice weekend, recession is a lie and that penny stocks are king.
My dollar stocks are now pennies so woohoo!
Z1P was $12 in Feb '21; now 54 cents. lol
It makes me nearly puke when HC boomers have a pic of the company's CEO on their profile. I find it abhorrent. Lowest form of stock cheerleading, visibly worshipping their corporate messiahs.
There's probably some CEO's out there that would get off on it lol (if they knew).
what makes you think they *aren't* the CEOs whose pictures they are using...
Oh I have no doubt that company insiders are some anonymous pumpers
+20% today ✅
Biotech 🔥 🔥 🔥
Most oversold sector worldwide.
Why you like Ptx?
I'll throw in a plug for RHY that recaptured 5%
Seems like the green was being shared all around - biggest surprise, even BNPL had a green day, not a single BNPL finished red.
Wondering if it's Dec 2020
24% for ACW 🥵
Hot Hot Hot
Have a great weekend everyone :)
Loving the volume on 4DX today
Just bought back in lol
Hahahahaha I just got out of a meeting and saw. Immediately thought of you!!
Will probs just try to flip it for a small profit
Fuck i dumped that dog at 70c lol
Nooo I thought you were in it for the long haul!!!
I’ve been tempted to dump it and leverage the losses but I still feel good about it.
I was down so much and they were still so many years away from success. Therefore i figured it could literally keep drifting south for years. i still like the stock and believe they will get there but they are still so far away from rollout etc. they are in my watchlist now until some solid progress
Yeah, fair point. I really need to cash in my portfolio in the next few months and they’re highly, highly unlikely to do anything good by then. I think I’ll sell everything else and hang on to them for a few years.
Yeh they literally halved again after i sold them. They will get there one day
Check today's announcement on CAA & guess how many times has that template been photocopied - I reckon 50 at least!
I'm slightly dangerously exposed to coal 👀. Literally ~~can't~~ can go tits up.
fossil fuels have a good time ahead. hold for…….
Sir; I'm not sure if you are aware, but we are in an energy crisis? Coal is king.
Jokes on me. I've only gone for met coal. 🤡 🤡
Good place to be... awaiting bloody AKM coal in Mongolia to move their arses to mine. Sheesh!
Will never happen. Been holding for over a decade.
Could someone please be kind enough to explain what’s up with all the green despite recession fears in a weeks time ?
Makes sense !
Recessions are great because central banks turn the money hose back on.
Money printer go brrrr
Recession is now priced in. We're good now. haha
FOMO kicking in??
Too numb to even figure out what it is lol
The real question is … am I missing something
Stay tuned until next week.
Frends: Dog removal methods.
You have shares that you stupidly bought, which you recognise are now complete flea ridden dogs.
What do you do?
edit: a hearty congratulations and friday autist award to u/Massive_Button9434 with solution a2. Genius. 🐶🏆🐶🏆🐶🏆🐶🏆🐶🏆🐶🏆🐶🏆
a) sell the fuckers off at any loss, and invest the proceeds immediately into non dogs
a2) sell the fuckers off at any loss, invest the proceeds immediately into ***other*** dogs
b) average down the overpriced dog, so hopefully over time, dog price more easily exceeds your lower average, and sell at cost price to remove dog
c) wait x amount of time and maybe dog might change sometime before pigs fly/hell freezes over
d) you're a superior in the casino and canines never appear in your folio
e) none of the above - you'll comment and tell all
It's amazing how fast the dogs accumulate. You start with a cute one, like NVA, then you go nuts and take in pups which might have a future like KGL, BSX, ADN, EGR, SVY, TLG. Suddenly they go rabid and the losses accumulate.
Preparing my capital gains now and speccies have cost me somewhere around $100,000. They've ripped out 50% of my profits from the companies I actually like.
No more speccies for me for the foreseeable future. More of a cat person now.
>Preparing my capital gains now and speccies have cost me somewhere around $100,000. They've ripped out 50% of my profits from the companies I actually like.
Thankyou for divulging your dogs and the cost. What advice would you have for a noob so that they don't do the same thing?
Some very obvious points here, but rules I didn't follow closely enough this year....
Having several speccies is fine, as long as they don't begin to dominate your portfolio. Don't go too crazy. Make sure you are putting more capital into boring businesses which actually make money now and have an economic advantage.
Be aware that speccies are the **first** companies to get hit in an economic downturn. They drop like a stone, so if sentiment sours, get out fast. Take the 10-20% loss on the chin, because it only gets worse.
Set stop losses on all small caps, because they will plummet when you look away.
Don't fall in love with a company solely based on potential. Don't fall for hype, in fact be wary when a company is promoting heavily on social media or there are many evangelicals online (like LKE/NVA spruikers).
As soon as management of a small cap do something dodgy, like Sunday afternoon capital raise to insiders (NVA), delayed drill results, with-holding critical information from market (BSX), or selling valuable assets on the cheap (BAT) reduce or get rid of all holdings.
A speccie with bad management will never succeed. They will squander the potential of the company. They always turn it into a lifestyle company because of greed and laziness.
ASX small caps have a lot of bad managers. Some of my dogs are actually great companies, but market conditions have hammered them. I think KGR, EGR, QPM and even BSX (maybe) might bounce back VERY strongly in the next 12 months if recession does not land.
>Make sure you are putting more capital into boring businesses which actually make money now and have an economic advantage.
What I would add to that - instead of boring companies, boring etfs that invest into boring companies and do all the work of buying/selling/removing dogs/rebalancing so you don't have to.
My guess is that plenty of folk here are earning above the australian average of around 60k - doing the boring shit with your super so you have the money instead of the tax man, even if it is going into super, is also a smart thing to set your future fine self up with. The other boring thing is all the insurances: contents, home, TPD, life etc
Enough of that though - this is a casino after all, but it pays to have something solid after a flutter...
C. but I'm only 6 months into this stock investing thing or whatever the fuck you call it, so that'll probably change with time
If you change "a)" to read "...invest the proceeds immediately into more dogs" then I've done them all.
this is the way, as our fellow autist massive button9434 has outlined previously. :)
I'm 3 double Jack & Coke cans down. Reading threads is hard. 🤣
You're amongst frends, as it is friday arvo after all...
missing an option - subtly different to option (a1)
"a2) sell the fuckers off at any loss, and invest the proceeds immediately into ***other*** dogs"
a2 for real. I can't resist giving a dog a home
Either A or B depending on the potential of recovery.
Or A2 as specified by Massive\_Button.
Put all your money in IVZ
I'm surprised it held at 16c for so long actually and just barely dipping into 15 for awhile. I guess I'm glad it didn't go much lower. I tell myself that watching the other stocks recover by about 10-15% so I feel better but there's definitely some truth in that.
You gotta be happy that there isn't much to recover in the first place.
If they find what they are looking for then recession or not, we'll see an increase. So... You're half correct.
You really are some cunt arent you?
Not sure about this Sum as it is one of the only stocks in my PF to be red today!
Lettuce is the only recession proof thing to invest in.
So is it time for us LKE side holders to start brushing off our new lakeside home phamlets again? I think I'm going to get the blue one.
whAt iS thIs cOloR iN my PorTFoliO, Am i wARreN BuFFet's nEUteReD GalAH? aM I noW iNTo LebANese LEsbiAN mIDget FoOt poRN?
The updated CommSec app is godawful, IMHO. Anyone disagree?
The last one was easier. The new update keeps freezing too
I actually like it so far. Easier to navigate watchlists, keeps a record of which announcements I've read, all the stock info on one tab instead of flicking through tabs, have yet to get "chart not available at this time" which used to happen all the time on the old version 👍
gimme back my widget so i can see my losses in real time.
It’s a trap!!!!
Only 5 more days like these and I’ll be back to the start of May 👍
There's only one clear cut explanation for Steve leaving LKE with so little reasoning. He must have fucked Stu's wife.
I didn't want to mention this, but Stu did say in the webinar, and I quote:
"We did look for another position for him"
Interpret that as you will
Steve was not paid particularly well for his role iirc around 320k, but did an amazing job if you consider the sp growth. I reckon he will be pretty sought after if he decides his cool 12 mil isn't enough.
320k for a speccy isnt enough? Yeah can you have a chat to my boss as well while you're at it, I'm not on enough.
I'm hoping I get more than that in my boots on the ground role?
Raise capital where 60% goes to admin fees, 30% to paid awareness campaigns and 10% actual exploration.
That seems like a lot for the exploration, I was thinking we just colour some google maps pics in MS paint?
The 8% will go to out-of-house desktop reviews to meet our annual tenement expenditure. 2% goes to a helicopter 'boots on the ground' rock sampling expedition.
Sounds good, and if money gets tight we can just drive to a park and do some photos in the sand pit - don't worry about the swings and shit, they'll fix it in post.
Yeah it is a lot especially when you consider the stock with it. I guess a guy who led a stock 6400% might get a bit of an ego. Then being told he is being replaced and offered a different role... I'd be a bit shirty if I were Steve.
I'm kind of curious as don't these CEO/MD types move around a bit? Would you be seen as the guy who advanced a penny stock to the big leagues or the guy who nuked his position on exit?
That is a big question, they definitely do and he has been at it for a while with lke. I've been trying to understand his decision . If there is a technical issue he would be the rat who jumped ship, if there isn't the sp will rally and his rep remains. I wouldn't be surprised if he winds up at another speccy and we get another froth.
Edit: MOR!! eggplant.
Someone is definitely fucking someone and trying to hide the evidence, it's just a matter of who, which time will tell. Been quite the week at the casino for a noob, that's for sure.
or he saw the price of NYC real estate and thought fuck it I can have more fun digging a big hole with $10M
Mods, can we call proof or ban on this? :P
Or her boyfriend
Can we rename today as admiral ackbar friday
VML... When Offtake with SRC... U like 20m walk to their dam Door.
They're getting monazite from Brazil, should have just asked VML... but now most have already been secured by others
Yeah i think there is still room in SRC think they can do 5k tonnes and brazil have taken half that ( all from memory could be wrong)
It'll definitely be an interesting opportunity if they can sort it out, shame that extra funding doesn't come to VML though
What's all this strange colour???? Waiting for it to all go back to the colour I know...
Anyone who bought today willing to risk holding over the weekend?
bought more GNC this morning, and immediately after some massive swinging dick came through and wiped out several lines to bump up the price, nice 👌
You lucky Autist, well played mate.
👁️👄👁️ I don't trust her.....
Anyone know why my HAS shares are now HASDA?
Probably a consolidation/split of shares
So i mentioned this yesterday in afternoon thread but it sort of got ignored. Is Dug from the LKE hotcrapper thread u/sunkdestroyer ? Same avatar, or am i missing something?
Edit: or is this common knowledge?
If dug was on this sub we'd have at least 500 more mentions of LKE in this thread every day.
Link? This sounds juicy af
Sunkdestroy is literally sunkdestroyer on HC afaik.
Dug is funny.
Right so u/sunkdestroyer is probably just using dug’s photo for a laugh.
PUUUUUUUSHHHHHH GET THAT NEW ATH YOU DOG
Give her the whip Bretto
Zip is up 15%. If that isn’t the biggest red flag about this green day, then I’ll never understand the stock market.
Morningstar quantitative - undervalued. I don't know how they don't get done for fraud, unless I missed the DYOR disclaimer in sized 4 font
>If Zip isn’t the biggest red flag, then I’ll never understand the stock market.
Fixed it for you :)
ZIP IS a red flag, period. There fixed it more.
MAY should be delivering some make or break announcements next week.
Billion barrel recoverable reserve using 5% would be nice
God I hope it's the former
Remember the old adage sell your stonks when the bell hop starts giving you investment advice. Well the converse is also true, buy when the retards start posting "I told you so memes".
Marge i'd like to be alone with the broker for a moment.
Are you going to buy more dog stocks?
I AM THE LKE QUEEN
Buy this, then this, then buy these.
Thank you FA.
Oh i'm not a Financial Advisor.
What you need is a financial planner.
Ah yes, a financial panther
aaaand it's gone...
As a person with a Wealth Check rating of "F" I approve of this messsage.
might have missed this in yesterdays thread, however ;
Kumova admits in court to $4.8b miscalculation
""$NCZ off to coordinate institutional site visit. US$12B of metal sitting behind me there. One big cash register by the time we're done with it," he wrote."
Was worth $532mln.
please dont sue me Tolga, the market has already gaped me enough
>Was worth $532mln.
That was just for the silver in the tenement.
All metals in the deposit were valued at $7.8b.
TK's estimate appears to be off by a magnitude of 10.
[AFR story here](https://12ft.io/proxy?q=https://www.afr.com/markets/equity-markets/kumova-admits-to-4-8b-miscalculation-20220623-p5aw3k).
That’s it i’m calling it boys, this is the top!
Of the bottom…
LKE going to 10c!
Please read this carefully..
Bruh the new commsec update (android) is actually that fucking shit. What the fuck. Half the buttons don't work. Some numbers and tickers run off the screen. It's slow and laggy. Everything is just mashed together in a numerical clusterfuck. Who the fuck signed off on this? Someone call my cardiologist
I'm convinced CB only employ one graduate volunteer for their app development team. The apple app has been brighter than the sun for about a year.
Once we get used to it and they update any bugs it's actually gonna be a better overall app. Has a few key additions that are actually pretty good (premarket and % gain).
AR1 back at it again. I LOVE COPPER!!!
have you got some DD on that bretto? Why are you in?
I see that you've got a bet going of 80 cents by september...interesting...
So far it's looking good for a new player and ticks my boxes of being an australian miner with a green history if I plug it into stake charting.
Change of director's interest on 21st June = If [Daniel](https://www.australres.com/about-us/meet-our-people/board-of-directors/dan-jauncey/) has been/will be a good boy, he'll be rewarded with around 700k of stock. Nice incentive...
No real DD, just a very confident speccy play, new listing, good resource for a brand new mine, off take agreements, on time promises, copper bullish long term, high inside ownership, low SOI, Dan jauncey has been buying like crazy recently. Ticks all my boxes, and I didn't even see that article lol. If it gets more publicity it will take off even more I believe
I have a dog in halt, so if all goes well and I sell... I am rather tempted.
I'll see what DD I can do before I buy.
I personally would still be buying if I could, I'd like to average up. My entry was 16c
Crazy to be buying into LKE at present.
Tell me that on tuesday..
The CEO bailed. What more evidence do you need? LOL
Agreed. It's unpredictable how the market will react in the coming months.....
So good trying to read through everyone’s hopium on this dodgy asf outfit. Nearly as crooked as AVZ, but not quite.
you shut your whore mouth im an AVZ holder.
AVZ is going to nothing.
Aaww we got a new troll? Quick get him fellas
LOL. If you cannot see the writing on the wall, I’m afraid I cannot help you. 10cents by end of June.
Be careful jumping in, This shit is far from over. I would be waiting till this months inflation figures in the US are released next month.
But we really lke the stock
Shame none of the funds having it on their books do
I'm just being sarcastic, I hate that I made the comment in the first place.
Wen rug pull? I don't trust this being 13% up for a day .
ah yes. WEN LAMBO? is now WEN RUG PULL?
sign of the times.
In about 60 mins
Barry is coming
Barry will give us some weekend love hopefully.
Well if it's anything like winter was supposed to be it'll be over in 5 mins then we'll move onto the next thing.
I think I’m now past the stages of grief and just curious how low my DW8 shares will go….
It's a farkin' trap.
It always is.
All this green is making me nervous as a fixed rate home loaner.
LKE up today, the sun is shining on me 😮💨
How much are LKE paying you for these +ve comments?
Nice day for an afternoon jog.