By - AutoModerator
looking at companies these days any DD should have a section on cash balance and cash management as a top priority. I think capital raises will start getting offered at bigger discounts and a good deposit will only be as good as the management that unlock the value which relies on good cash management.
100% if your pennys don't have cash I would sell now and buy back in later if you believe in the deposit/management or plan to average down aggressively
The markets are green on the last few days of fin year, is this a trap? There's more bottom to come.. Right... Right?
Definitely a trap, red by end of week.
The FFX trading halt ends tomorrow morning, do they release the announcement at 9:59am or 10:01am?
SYA up 25% today. Only 40% down now *le sigh*
ETA I’ve never had Red Rooster but I’m thinking tonight is the night. Any recommendations?
Production in 23 announcement surely help
That 40% close soon!
Their fried chicken is the way to go
You deserve better then red rooster mate
Bruh Red Rooster is shithouse
We recently moved regional and there’s not much choice. Sad face.
Make your own choices https://www.reddit.com/r/ASX_Banned_Purgatory/comments/vkuvgz/only_hours_left/?utm_medium=android_app&utm_source=share
Bbq chook from any supermarket, some nice rolls, coleslaw & mayo is way better than red rooter
Absolutely kicking myself we didn’t just do this.
Always next time.
If you've had a big win add cheese & hot sauce!
Have a crack at something local rather than giving up on life and choosing Red Rooster.
I should have listened. It was absolutely hot garbage and I feel like I’m going to spew.
Some things need to be learned from experience unfortunately.
$5.03 up. Not even enough for a bloody lettuce.
Wen Lettuce? ☹️
Only cabbage for you!
Just checking are any of you still buying any of the following.
AZL, LRS, BPH, DW8, IVZ, LKE or MNS?
IVZ is still the same punt it was a year ago, so still worth the punt. The project definitely has potential.
Its just that they're always late and everything is always 'around the corner'
Originally was supposed to drill in 2021, now they mentioned late July 2022 (but if i remember correctly, it was supposed to be June 2022)
But still many missing pieces of the puzzle
Farm in, resource upgrade / new seismic, second well details / gazettal by the gov - and lets not forget the PSA (but the PSA i think isn't a worry at this stage, it only becomes super important if a discovery is made - but it will make it harder for a better farm in offer to be received without a PSA).
All of these things i think have been imminent for quite a while, and may continue to be delayed based on past experience with the company / slow gov. To be fair thats to be expected when working in a country like Zimbabwe.
The drilling rig was expected in early June (its not here yet)
Drilling campaign scheduled to commence end of July 2022 (but so many pieces of the puzzle aren't here yet). I expect this to be delayed too.
Good news is Mukuyu 1 wellpad is nearing completion. They say the second well is being prepared, but its not officially theirs until the gazettal (i think?).
The elephant drill is supposed to commence in a months time, and the company supposedly has multiple farm in offers - but no one has been signed yet. Current market conditions could have spooked some of them out or caused them to alter the offer / worsen the deal.
I've been in and out of IVZ a few times. I am interested to get back in again, and right now seems like a perfect time since everything is so imminent / around the corner. But i don't know if they can pull it all off in time.
Will they release the resource upgrade a week before drilling? It all seems very rushed and it feels like there is so much that could go wrong in the execution pre-drill (and maybe a better entry could be had?)
Or maybe everything will just work out but the drill pushed back a month or so.
The director is confident and the well will be drilled, that's for sure. The rig is on the way etc so its all happening at some stage.
They cant release the second well details / seismic etc until the gazettal is done. They cant drill the 2nd well either until the gazettal. (if i remember / understood correctly, there is something of significant interest in the remaning land. Or part of the discovery goes into that land. So they really need it). If they proceed to drill the first well without this - and lets say the 1st well is a major success - what's there to gaurantee the government wont hand over the rest of the land that they wanted. So that's a risk also with pushing forward with the 1st drill without everything that's needed for the complete project / 2 wells.
But then again, gazettal is imminent and accoring to HC it should be done by Friday
Who knows! Watching closely.
That's the beauty of "speccy" miners isn't it. The speculation.
Spec = speculative.
Mining something that you think will blow up in value and/or has no established value yet, as opposed to mining the currently valuable coins.
>That's the beauty of "speccy" miners isn't it. The speculation.
Not really. I'd rather they make a discovery, be taken over or develop it, if possible.
>Spec = speculative.
Thanks for the math. I would have never figured that out.
Not buying anything full stop, but why do you ask about those specific tickers?
Mainly because most of them rely on a sole make or break catalyst announcement that's been extremely drawn out. Which potentially doesn't provide any value factored in to their share prices right now. Examples
AZL: exploration approval more downside risk then up at its MC. I remember when 200mc was a target not a base.
IVZ: drilling, been years in the making now 100m plus MC.
LKE: demo plant, still a billion dollar mc.
You get my drift. Dw8 and BPH are just good examples of the past.
I feel like every speccie is like this. Guess that's the high risk.
Most are. Some are real businesses but that can be grown and others taken over by M&A if they were truly developing something if value.
None of these are but.
Not planning to buy any of those tickers, but I do hold a small parcel of LRS
cant have only one dog it develops separation anxiety therefore you must buy DW8 so it has a friend. Its for you and definitely not me
Haha na I've also got AAJ hanging out in the portfolio. Failed pump and dump right there
🙏 for you if you bought >10cents
Yeah 30k shares @ 8c. I should have, could have, but didn't bail when it was 22c. It was my first multi bag so was riding the paper highs thinking it would keep going higher for some reason. I guess Paper gains are a hell of a drug. If it goes over 10c again I'll bail
[Former Nuix CEO tried to sell shares before they fell ‘off a cliff’](https://www.smh.com.au/national/australia-news-live-2021-australian-census-data-released-sydney-train-commuters-prepare-for-delays-amid-industrial-action-albanese-arrives-at-nato-summit-20220627-p5awzx.html?post=p53uoa#p53uoa)
'[No corners cut' in Nuix float: Macquarie - ](https://www.afr.com/companies/financial-services/no-corners-cut-in-nuix-float-macquarie-20210729-p58dz3)AFR
[Macquarie facing ASIC probe into $1.8b Nuix float](https://www.smh.com.au/national/macquarie-facing-asic-probe-into-1-8bn-nuix-float-20210607-p57yw4.html)
Biggest rort of mum and dad investors since Dick Smith was listed in 2013.
My last NI play was LCL, put a tiny amount down and all it's done since the NI email is eat shit. Anyone remember the fields of gold that would take ages to walk thru bs? Shit didnt even pump before the dump.
So happy I cut my losses a month or so ago.
Not a bad day for any DRE holders so far, I’ll take it!
good 'ol DRE, just fluctuates up & down between 3.5 & 4.5c and repeats endlessly
at least we're out of the 3.5 - 4.5c, probably retrace back there now I've said something haha
yeah it’s like that hahah atleast it’s not down 50%+ like other stocks
https://youtu.be/c8GLSkbAboA it's the D.R.E
Margin trade on bhp went well for me today. Very happy 😁
can somebody explain why TYR is performing so poorly even though though their transaction value has been up significantly in comparison to last year?
Am I missing some important information?
Transaction value is totally irrelevant. People care about revenue and profit. Tyro operates at a loss. Reporting an increase in transaction value doesn't tell you whether it translates to an increase in revenue, and whether that increase in revenue makes a net profit or not.
With increasing interest rates companies that operate at a loss and chase growth (34% increase in transaction values etc) will deflate back to a normal value as their operating costs increase due to the increased cash rate.
Their [half yearly report](https://cdn-api.markitdigital.com/apiman-gateway/ASX/asx-research/1.0/file/2924-02488758-2A1357646?access_token=83ff96335c2d45a094df02a206a39ff4) included:
>Loss after tax attributable to the ordinary equity holders of Tyro Payments limited 430% increase (18,066) from (3,409).
tl;dr - Same problem as Afterpay, Z1P etc, they lose increasingly more money (so far) the more revenue they gain. So an increase in transactions implied greater losses at a time when interest rates are increasing.
Thanks, appreciate the response!
Wow July 1st falls this week. Anyone significance at all with how it does historically? Could’ve sworn both this June and prev June were dogshit.
July and August are usually pretty good to the ASX, but there’s a lot of shit going on in the world right now.
I still resolutely believe in two small speccy companies. Cobalt Blue and Hawsons Iron. 64 and 57 cents each at the moment.
I’m excited in the not for a quick buck but to see where they go with their products and production. COB as a Australian Green Cobalt Supplier and HIO as a high quality Iron Ore Business. The next 18 months will be exciting if they both exit the investment stage and commence construction
What's your take on HIO? Care to do a DD for fellow holder?
Have you seen any of the Crux Investor videos about COB on YouTube? Really worth a watch. COB was also placed in positive light in a ABC 4 corners episode a few weeks back
It seriously feels like it’ll be a big thing in a couple of years. Having a source of Cobalt in a democracy and not the Congo or China is highly important in the years to come
BRK on fire ?
And here you got me excited that one of their wells caught fire 🔥
IHL: teaching me the importance of not buying into hype 1 dollar at a time. I literally downramped the dog, then got sucked into it...
Eh, I'm still confident.
I'm expecting some good movement if the US gets the idea to start pushing through the MORE act once, it's been sitting with some sort of financial committee for a few months now. I suspect they're sitting on it because Biden's actually very conservative.
Unti then, I'll keep hoping for good news.
The last 6 months of activity though would've been great for short term trading, up and down every other month.
Now my biggest dog.
right when i was committed to topping up on BOE at ~1.5 it goes and flies to ~1.9. Pour one for me lads
Up a huge 0.03% today 💪
Up 9.8% today.. the last couple of months has been brutal though..
Wat?? people make money here??
BeArZ r FuKt 🤡🤡🤡
it's got more volume today than the running 4 week average, that said, at least its holding up above 20c again \*for now\*
Yeah, I'm surprised it's holding above 21c, was expecting a bigger drop post yesterday's rise, but then again, today's a green day 🤷♂️
Dude am I still not rich yet wtf?
IHL falling on good news
Edit: the non executive director resigned... That explains a lot. Announced literally minutes after I made this post.
Good news? They presented at a conference...
good news is that they had no hand in another MNS fuckup. Share price should surge
That's *American* eastern time, or our 9pm *Australian* eastern time. They were scheduled to publish results from their sleep apnoea research and they probably wouldn't schedule a conference unless the results were really, really good.
So IHL fell below 0.25
So directors usually quit just before announcing really really good news?
Basically... Page 2
There's more to it, it seems they wanted to replace this guy with someone else for reasons. He's also the director of medical cannabis firm and people didn't like that.
That the share price went down kind of hints at a leak, that's more concerning to me than that the director resigned.
Just thinking out loud. I said a few days ago I'd get back in if IHL dropped again, but on Dr Sud:
* He's IHL's largest substantial shareholder.
* Cannavalate, the company of which he is CEO, has collaborated substantially with IHL in the last few years. (EDIT: it's also IHL's third biggest shareholder)
* He originated IHL-42x, the product that drove their share price so high.
Seems like a big loss, and that he's in a good position to 'Steve-up' IHL were he so inclined.
I just need to figure out if the reasoning in their announcement makes any sense.
> EDIT: it's also IHL's third biggest shareholder
Okay, this changes things
Oh true! Thanks for schooling me homie. I'll top up 🤙
Where can I get a part time job as a paid downramper?
There's hardly any paid downramping work around at the moment. Bear market and all.
Keep plying your craft as an unpaid downramper & you'll probably get noticed by one of the big 4 and get picked up for a paid downramping internship.
Definitely not hot crapper
Why not? Is it all pro bono downramping over there?
SYA has a bit of a rally and all of a sudden its out of the kennel and everyone's friend again.
I always loved you SYA, unlike these other two faced bitches around here.
Go SYA go!!! Just need PCL to wake up
Wish i had held a larger portion...
SYA has a sexy background and blue colour scheme in the letters and preso’s. I like it
(When I was red I hated it)
> Following the restart of NAL operations, the offtake agreement with Piedmont entitles it to purchase the
***greater of 113,000 metric tons per year of spodumene concentrate, or 50% of production from NAL.***
Prior to the NAL restart, the agreement provided for offtake of 60,000 tonnes or 50% of concentrate
produced from ore mined at SYQ’s nearby Authier Lithium Project.
Finally confirmed by SYA in an announcement. Not sure how they got away with *alternative facts* for so long including in the DFS.
Can you translate that all for me in layman’s terms?
Pretend I’m 10 years old
Actually pretend I’m 5
PLL offtake is dogshit. A larger % of production is locked under said dogshit than the company has said in the past.
Pls Eli5 for me because im an even bigger dumby than the other guy.
This sounds like pretty poor news?
It isn’t good but that doesn’t mean the share price won’t go up.
You still think it’s got the potential to be $1 once production starts?
I’m an absolute moron but have 110,000 units at 6.4 average buy in. The lads over at HC have promised that it will be 1.50 easy next year and they have warned me about paid downrampers…..
There's 8b+ shares on issue...
$1 = no.
I'm going to have to go with....unlikely.
They wanna sell special rocks for big money to make profits and make you rich, but they already agreed to sell lots of special rocks for small money and now they look as dumb as the rest of us. That's the gist I got.
Okaaaaayyy but it’s still rockets 🚀🚀🚀 for SYA right?
Yeah, their comms to date have been their biggest downfall, unfortunately!
announcements all over the place today - speccies playing catchup, trying to fight the dip
Chad day from A8G and I'm still 60% down
SYA about to fire a few more 🚀🚀🚀🚀🚀🚀
Go you good thing
Anyone figured out if this biosecurity breach in NSW with the Bees could be good for $$$? Asking for a friend.
I wanna know how much they would fine a person for killing all the bees in a state
it could fuck crops that need pollination. so it could equal big lo$$es to agriculture, not just honey
rhythm's not on board
we'll see who brings in more honey
Bees? I love bees! What are those cheeky little scamps up to now?
NSW Govt made a law that all bees need a proof of age card to get into a hive or hive like dwellings. Unfortunately, they can't read or apply but are in breach hence OP's question
I'll send bee lawyers.
Soon my cash holdings will be more then my portfolio.
Cash ready for shopping on July 1?
I'm not so excited about the new financial year turn around
guys, it's time this community actually did something about the crisis the world is facing. we need to buy into coal stocks and pool our voting power to leverage the boards of those companies to act.
we could increase the dividend yield so much that the companies have no capital to reinvest, thus ensuring the long term profitability of those companies are destroyed.
what's your plan to help the world's poor with electricity/heating? prayers and thoughts? 🤰🏾
If we change our postal addresses to the developing world they can feed their furnaces with our CHESS holding statements
That's the American way, seems to work for them!
Have they armed their nuns and priests? Check mate atheists
They probably have.
Mine is nuclear power everywhere. But then again, my mum used a nuclear fuel rod spacer grid as a trivet under hot pots when I was a kid so I might not be completely sane.
Any BRK pampers still around these parts? Or this that thing dead now…?
Bag holder clocking in. Hoping for break even 🙏
Not that I know of but be careful a large amount of the buy support is at 25c or less.
while it hurt at the time, selling ZIP at $5.90 for a \~30% loss was in hindsight some of my better work.
the real winner is whoever bought the shares from you #Z1P4PREZDENT
What are the chances of SPN getting a speeding ticket?
Reckon it’s up because of the HZR announcement? (Even though different tech is used)
Unlikely I would think as the announcement is the reason for the rise and so far it is only tracking back to it's early June value.
The announcement is a week old, though? Surely if it was going to cause a near 20% single day jump it would have been doing so already
True it went up 6c on the announcement day & then hovered for a couple of days including Friday which was a very green day so maybe it is just catching up?
Temporarily clawed back most of the losses from the last couple months.
Except BEM, down too much to sell that piece of shit.
Is there a coal etf for people whose partner's won't let them buy coal stocks? Like made up of majority coal stocks but called "Future Energy" or something like that for plausible deniability.
Just open an extra account with a different broker
Make the partner an ex - div(orce)
living up to ya username 🤰🏾
NHC (New Hope Corporation) has one of the more deliciously misleading names on the ASX 🤡
> whose partner's won't let them
🐱 🐱 🐱 🐱
buy WHC and tell your partner once it goes ex-dividend... guarantee they'll get onboard 🚂🤰🏾💨💨💨
Maybe I'll become an activist investor like that tech dude who sold the top of the tech bubble and bought into the bottom of natural gas dip.
When does it go ex div? They might do another buy back though
they have plenty of dosh to pay out a juicy divvy and do buyback. yearly comes out late August so I'd expect an announcement around that time 🤰🏾
It is possible to learn the will of nature from the things in which we do not differ from each other.
For example, when someone else's little slave boy breaks his cup we are ready to say, “It's one of those things that just happen.” Certainly, then, when your own cup is broken you should be just the way you were when the other person's was broken.
Transfer the same idea to larger matters. Someone else's child is dead, or his wife. There is no one would not say, “It's the lot of a human being.” But when one's own dies, immediately it is, “Alas! Poor me!” But we should have remembered how we feel when we hear of the same thing about others.
When someone else loses money "it is a casino"
When you lose money? Bullshit downrampers and insto fucks robbing you.
yes, emotions are bad. bottle them up and never let them out. 🤰🏾
Bottle them or release them, but be aware of them.
i have unlimited bottles of horny. i sell for 1$ each.
Give them out at Christmas time. Secret Santa style. And you.......
Sort of. Bottle them up and release them at an appropriate time. Remember when daddy hit the referee with a whisky bottle?
Up $44 today. To the moon!
BRK up 21%...smells like a pump
It does, but they are making a shitload of money and the oil price is still huge, so.... is not this not entirely not scam dream?
Something like 5-700mln shares were on offer at 1.1c
3.3bln shs on offer is a huge problem
I don't think it's a huge problem now that they are making money, it's only a problem if you need to raise further capital. They recently had a shit tonne of in the money options expire which was creating some strange trading conditions as many holders had to sell shares to pay to convert in the money options, and that is literally finalising this week. They have wells producing oil and have disclosed some pretty solid initial revenue, I think there is a short term trade we saw today to play the options date (probably happened a day or two earlier than I expected) and then a longer term trade to wait for the quarterly and see if it re-rates. Oil is at very high prices, they are making crazy money every day... I think this will be an interesting one.
Downside is if oil comes back below $100 but I don't see that happening soon due to Russia shit.
Do Your Own Rubikscubes though.
IVZ or NVX? Or wait a bit?
wait abit, then NVX,
just go to Crown I believe they have a license now...
NVX has a market sentiment of ZIP. I wouldn't recommend anyone buy it right now.
IVZ. Big drilling coming up. One of the biggest reasons for Mobil abandoning the project and for the market's lack of conviction is the old political factors in Zimbabwe, and the local demand for gas.
IVZ took that project where it left off and over the past year thrown out the initial risk factors out the window with their government support and the infrastructure for the resources they are drilling for, and securing all this with a month left towards drilling with great updated data backing them, it's just amazing how far they've come. Not saying that are low risk but at this point it's like a medium risk but extremely high reward strategy. Worth to have at least some of your chips in this game.
The recession fear is the only reason this did not keep it's 20-30cent SP. I'm expecting further rises and to free carry into the drill.
Thanks for this 👍
I'd argue still high risk, as in 8 to 9 out of 10 chance of losing all your dosh. Having said that, I too vote IVZ.
depends, do you want to lose money quickly or less quickly?
Haha any other suggestions? Already hold some NVX - bought back at $2 so not in the red. Keen to grab something else/more while it’s down.
>Haha any other suggestions?
nice try asic
I sold NVX at $1.20 so don't assume I know anything about anything
Slowly, then all at once
IVZ it is then 🙂
Is this financial advice?
IVZ holding strong. Didn't drop by too much further over the past week and saw good support at 16cents and has a lot more to recover and gain from with the upcoming drill. Glad to finally see 17 now. Any positive updates or any seismic data should see it rise above 20 cents again.
Thanks for the hopium Professor!
Its not just hopium, I've also got some cocaine
Current strategy for checking PF:
- scroll reddit to gauge overall day (red, red(it)er, reddest or glimmer of hope)
- scroll through market thread to see if stonks have been labeled dogs or not
- ignore the signs and mentally fuck myself by checking anyway!
Edit: ( satire but if stonks are a problem for you please reach out to the appropriate resources!)
Any ARR holders?
Yessur, my favorite company on ASX
looks like investing in tendies generates even more tendies... CKF up 12% on latest report 👀🍗
HZR finally doing something useful for once
I wonder if Twiggy
Will look at buying HZR
Quick win now to say you’re a small hydrogen producer and have the concept.
Naaah he’s into electrolysers and massive scale (not methane pyrolysis)
Yes and if he could pay $1.50 per share that would be appreciated!!
Glad we are all in the same boat.
Now to get the message to twiggy
I'll float the idea with him when I next talk to him :)
Of the 13 stonks on my watchlist, 13 are grey. I tried refreshing 3 times thinking it was broken. Weird day.
Lmao I love how quick our media turned on the climate change protestors they are getting absolutely destroyed in all the papers. ‘Dismal’ turnout, ‘Embarrassing’ themselves.
It’s a topic idg that much of a f about, but Greta’s covered as an angel just for the applause, just like the Ukrainian politicians getting standing ovations in German parliament 🤦🏻♂️ - without boots on the ground nothing ever happens. And again idgaf about this topic that much I am not environmentally sound nor bright
Greta is an annoying little puppet being paraded around. She gets out there and shits on everything and never offers up real world solutions. Obviously she's just a kid, but with all the media and handling behind her, surely they could throw out an idea or two. But na, its just easier to fling shit all day and look like a hero.
Typical MO for that type of crowd.
Calling on global actors and policy makers to do their jobs = flinging shit in your opinion?
Unless shes offering solutions and not just calling shit out, its flinging shit. Anyone can do that, and its mostly unhelpful.