By - AutoModerator
FFX asking to stay suspended until the end of July for a capital raise. Yikes.
hello sovereign risk
A$1.5 BILLION BINDING OFFTAKE AGREEMENT SIGNED
AGREEMENT WITH DAELIM CO LTD FOR 500,000 TONNES OF GRANULAR UREA PER YEAR
GAL = trading halt. reckon this can only be good.
haha - that would be fucking hilarious if it were the musk effect.
Page 2 my man. Always look for a page two.
Capital Raise. States it within the announcement.
proving once again that I'm a complete idiot who didn't read the 2nd page :)
thankyou for your patient education :)
woke up anticipating tendies from IVZ and forgot it was still fucking Monday 😭😭😭
Still might get the announcement later today with trading resuming tomorrow
And there's the GAL trading halt. Right before the next assay result
IGO and mining billionaire Mark Creasy are expected to cornerstone WA cobalt and nickel explorer Galileo Mining’s share placement.
Mark Creasy is Galileo Mining’s biggest shareholder with nearly 25 per cent of the company. AFR
Galileo’s shares were halted on Monday morning ahead of a capital raise.
The term sheet sent to potential investors said Galileo would raise $20 million at $1.20 per share, which would be a 9 per cent discount to the last close.
IGO and Creasy are both already substantial shareholders at Galileo Mining, and would cornerstone the placement.
Potential investors were told Galileo would use the money to accelerate drilling at its Callisto palladium-nickel discovery and target testing along the five kilometer strike line in Norseman project. Galileo would also use it to drill and explore at other Norsemen targets, Mission Sill and Jimberlana.
WA broker Inyati Capital was the sole lead manager and bids were due by 1pm Perth time on Monday.
Before people ask what the Trading halt is about, read page 2!
and for those that are even more lazy - its a CR
My late apologies as none of this showed up before my autist comment. Them's the breaks.
and for those lazier than that CR = capital raise
and for those even lazier than that:
In case you can’t be fucked [text to speech converter ](https://www.google.com.au/aclk?sa=l&ai=DChcSEwj2iOnN8t34AhVimGYCHdwLBhoYABACGgJzbQ&ae=1&sig=AOD64_1_qQejiLUP1p1HcBfHwv21qkaB-Q&q&adurl=https://cloud.google.com/text-to-speech/?--%26gclsrc%3Daw.ds%26gclid%3DEAIaIQobChMI9ojpzfLd-AIVYphmAh3cCwYaEAAYASAAEgKO4vD_BwE&ved=2ahUKEwj-zeHN8t34AhWQ2HMBHTYLAgcQ0Qx6BAgEEAE)
And for those even lazier than that:
capital raise. Not good. More shares provided. Make dilute. Money down. No happy
*sad oonga boonga noises*
capital raise = making money = money gets things out of ground = more money = happy nohorncap.
capital raise = making money = happy management = fucked retail investors = fucked nohorncap
\*sighs\* this GAL is one hell of a ride.
Holders = fuk
I'm just waiting for the "I TOLD YOU SO!".
Your time will come. I just hope I beat you to the crunch.
LMAO at Tyro payments, already looking to delist...
what a dog of a chart!
>Firefinch is understood to be rattling the tin for more cash after the sudden departure of key personnel and ahead of anticipated news of a big production downgrade at the African-focused gold play.
>sources have told The West Australian the company is looking to tap investors for more cash ahead of news of a big production downgrade at Morila.
FFX cap raise here we come. Guess State Street and everyone else selling knew in advance and were bailing.
Are the properties in the Richmond area cheap now since it has recently been flooded three times. I may be able to buy a house with a boat. Venice in the west has a nice ring to it
buy the dip?
I saw an old woman on the news who's Richmond house was flooded,
She was standing there, knee deep in water, crying......and I thought that's not helping
ASX bets new mascot. My third son, [Prince](https://imgur.com/a/ARgZIh2).
Does he look more like his father or mother? 🤰🏾
Definitely more like me 💁🏼♀️
*Is he smart……or like us?*
Taking a look at 10.05 then playing golf
You'll miss the Zip open if you do that
Sold my zip a few months ago for a 60% loss
Rookie numbers there champ
I’m taking a look at 10.05 then going to row my boat to the shops and get rescued by the SES.
Hamish started punting some of his MFG shares on Friday afternoon. Today's gonna be fun...
fuck me dead.
Ready to jerk a dude off
Is this how you're making money to punt onto speccies?
Damnnn auto correct - Ready for market to open*
😄 Flair checks out
Which ASX_bets personality would get the most kills in a real purge? Bonus points for a signature move.
Christ cunts, turn off the computer.
Have a sook cunt
Nasty people are unhappy people. And usually deep in da red. Take pity🤰🏾
I can't help but wonder if u/rr24m23a is the dude from passiveinvestingaustralia.com, who [chose VDHG](https://www.reddit.com/r/ASX_Bets/comments/vozp4i/vdhg/) just to prove a point. If so, well played, sir, well played.
I'll take credit for what ever genius play you think I done
Unless it involves a ban in which case it wasn't me
Excellent position to take. :)
Poison for the win...
Honorable mention to u/BeardFactory, although serial killers mightn't get the numbers up enough in only a week...
Poison is for rookies. Mutated would have us trading our arses for bottle caps.
I am become death, destroyer of tards.
But I wouldn't be credited for any of them.
I plan on selling my gl1 stock at open at a %10 loss, all my other stocks are even worse but I want to save this one before it follows
Sugeknight hates this man.
Sell the magic beans !
Comment box not Google search.
'what to do if a dolphin wants to mate with me'
Can't we have one consolidated purge thread
It’s coming mate.
I’m coming mate.
In the current market? Found another atayls alt /s
Genuinely surprised I can't find a single mention of MRZ on this whole Ethiopian candle making forum.
Are you all intentionally ignoring the initial drill results/fundamentals or something?
Sounds like all of it ?
Whip up some DD. Whats this Mrz about? Lithium? Drugs? Tech?
Or the fact that not everyone is across every single speccie?
There does seem to be an inordinate number of them
Urinate I mean uranium
Really hoping for ivz tendies
About time, been in for over a year...
Scotty's just trying to save us all the CGT
Hi guys, ive been out of the markets for a while - has anything happened to LKE? i bought it around 30c and sold it around 80c, was kicking myself when I saw it around $2 but now it's low. is it worth aping into still?
Go back to sleep for another 6 months Cunt…. She’ll be right then
a little light reading for you…
Shutupa yo face
Green Monday ?
HC never fails on the entertainment front. They're all arguing about the weather in Zimbabwe now
IVZ thread? Don’t forget people taking issue with the condition of the road.
Why won't the bloody council fix it!!!
Cloudy with a chance of communism
I left my BBOZ position open over the weekend, am I fuk?
I mean iron ore tanked a lot. Which is a large chunk of the index. That alone could weight it into the red.
Magic 8 Ball says…. “Outlook not so good”
Ask again Later
Makes me feel good about being 50% down reading comments on this. I’m 26 with a decent chunk of savings and it gives me incredible anxiety imagining being 30 with $0 to my name or worse yet, debt. Gotta stand back and see the bigger picture sometimes..
Have you traveled mate? Overseas, anywhere in the 3rd world? If not, I highly recommend it
>30 with $0 to my name or worse yet, debt.
Been there, done that. There's around 580,300 people on jobseeker, which is a below poverty amount, so it's close to impossible to not be in debt on that.
edited to add: there's also 400,000 with long covid, unable to work:
So, for all the "I don't understand why people aren't rushing to be uber drivers/cleaners/hospo workers... there's your answer.
What's wrong with the comments? They were funny. Plus, there's always people in worse positions than, and those in much better. It's all about perspective and mindset baby.
30 y.o with 0 to my name. Fucka youh 🇮🇹
When to start buying CRYP ? (2 chicken to buy actual coins) 😂
thematic ETFs belong in the bin
Learn why the big funds make these shit thematic ETFs (and its not to give you exposure to the emerging themes).
Point taken Sir Beef - wasnt sure which reddit groups to ask as i dont think rausfinance are into the crypto space.
It's tricky. If you think the whole crypto market cap will rise in the future an ETF isn't the worst option.
What does this mean?
I don't think ETFs are the way to go in regards to crypto
FFX comes out of the trading halt tomorrow
To be fair, a world renowned shorting firm (JCap) going long on a company was probably a warning sign 💀
Obligatory fuck JCap.
…or does it…
💀 💀 💀
Apparently quitting your job with no explanation is quite popular these days on the ASX listed companies.
Are you talking about Steve?
This HARIBO twin snakes actually taste not bad. Yum yum
Beware of Haribo!!!
I am crying
Reading these are my bad day guilty pleasure
https://www.haribo.com/en-au/products/goldbears I grew up on these.
ZIP to $10 = wen
ha ha - here's the [lambo you're buying with zip](https://www.amazon.com.au/Hot-Wheels-Lamborghini-Huracan-Culture/dp/B09C92B23Q/).
You mean a MC of $10?
Then you only get 1 small model lambo to share amongst all SH’s
Day 74 waiting for AZL to get BLM approval.
Let’s have a good week guys!
I truly wonder how much of an impact it will have now anyway, sentiment has shifted and caution/ fear set in. Even if we get 30-40% increase price is still down and that positive news will fade
Look at the progress whilst we have been waiting, updated grade, key prominent experienced appointees, Arizona Chamber of Commerce investment of $1 million USD + long term tax benefits, research facility confirmed and expected to be in production this year, circle economy showing loyalty to Arizona by purchasing ev Nikola trucks, cashed up to the max, all we are waiting for at Big Sandy is literally BLM and then there’s Lordsburg which we will probably get an update for this week. Paul, Brett, Doug and Matt will bring it home. As soon as BLM permit is received it will be all systems go for AZL
can only wait and see! will validate the long-term vision though.
Fark I hope IVZ make the announcement tomorrow, the suspense is killing me
Almost certainly it will be Tuesday.
Bring on Tuesday
I have it on good authority (first name basis with the MD. I have his personal phone number so I can direct urgent investor relations questions straight to the company), that Elon Musk is over in WA to speak with a lithium explorer under $50M MC and no drill results to secure an urgent supply of spodumene direct to Tesla. RERATE IMMINENT!!!
Autist activates begging for pm with code to Hail Mary into
But it failed
Everyone knows it’s TEM just waiting for substantial shareholder report
I used to think Elon Musk was a star wars character
I spoke to a Tesla. He is here to buy every BNPL company and merge them all with twitter
Yeah I heard this. All in ANL on monday. Anything under $2 is a bargain. 🚀
As when lambo please
No lambo, we play limbo
musk is buying manganese. Who’d a thought.
dior galah birken bbq
Buy the ivz dip this week.
The price is considered a dip until it's 10 dollars a share minimum.
Scott Macmillan you are a naughty man and I'm ready for liftoff 💦
Question, cos I haven't been to the HC in a while.
Are you all spelling the potential resource like "gas" or have you moved on to using dollar signs for the s
Honestly they aren't doing that over there. Will have to start it just for you
Tomorrow, BKT to the moon... Alice, pow right in the kisser. To the moon Alice!!
He’s happily hyping a hopefully humongous Mahenge monster mine.
But sir, whatever might happen if I was to believe this gentleman, invest a large sum of my hard earned dollary-doos and it, infact, turns out to be dogshit?
This scenario suggests you’d sell at a crippling loss or alternatively hold into the abyss of delisting, joyfully claiming you “learnt a valuable lesson”. Time is money so I can assure you, however, the most fruitful investment research is skimming that done by internet strangers who as a whole have a tendency to spruik their best financial decisions and guaranteed winners.
Has anyone else thought about doomposting about CXZ? It's flatlined hard.
“An $8mill fleet management company”. Does that count?
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Oil and Gas week going green. MAY and IVZ dont hold. Bring on the bags.
BRK & SHE for me 🚀🚀
Oil and Gas going green? I guess EXR will be red then just to fuck with us
Surely we’ve been patient enough for MAYs resource update this week
u/Nevelo are you averaging down mate. Egad.
May Ann this week again a maybe but should be.
What? Me? Never.
RAC should continue the uptrend.has been some nice buying as of late.
salty downvotes from those who sold out at $1.60 hoping to buy back at $1 or what?
Think so mate. Up we go
noob question time:
how do you average down? is there a useful resource for doing it in a smart way?
If I have a decent chunk of shares to sell via cmc, should I try to sell the lot in one parcel (where i’ve tried before, to have a partly filled parcel), or divide up, or fucking hell noob your smooth brain is working too hard just do and learn?
You don’t average down on a sinking boat.
You do it because you believe market is inefficient that it didn’t realise its value. For example strong cash flow, business still stable but got affected by market sentiment. FMG was one good example. Probably not one really for now.
But for most of the time, it’s a sinking boat.
Usually just find a shit stock, buy it high, then keep buying it all the way down till it folds. Something like buying ZIP @ $10, than $7, $4.4, $2, $1.2, $0.08. That’s perfect.
Thankyou for your wise counsel. I'm particularly loving how there's nothing between $1.2 and $0.8. Guessing not long to wait, huh?
How should one average down? Cautiously, with research and a good understanding of the fundamentals of the business and what’s causing the current drop in in SP.
How do I average down? Desperately, repeatedly, retardedly
>How do I average down? Desperately, repeatedly, retardedly
\*high fives\* we must be related. :)
I will reveal the magic averaging down formula:
* wrinkle brain move = average down and see the share price rise after
* smooth brain move = average down and see the share price drop after
You only learn if you've done it right in hindsight.
With money I think 🤷♂️
no shit, sherlock.
It’s more I’d rather not reinvent the wheel, and some wrinkle brain has got to have some kind of rules/formula that they work off. That is what I’m looking for.
>average down…. smart…
Monday will be another twist in the knife that's buried in retail holders stomachs.
DYOR GLTAH WWJD
You only start bleeding to death once you pull the knife out
So lithium still a buy? 🤔
\*looks at current portfolio\*
yes. ask everyone you know to buy too
Haha we’re all balls deep in it already
Battery cathode materials fell 9% from their highs in both ternary and LFP chemistries recently, and it looks like that'll continue. The commodities rout has seen batt metals plummet, as seen below. Nickel and copper combine to almost [100kg of metal in a ternary battery car](https://elements.visualcapitalist.com/wp-content/uploads/2022/05/Minerals_in_EV_vs_Conventional_Car-May_30.jpg).
|\*\*Metal\*\*|\*\*Price (USD)\*\*|\*\*Monthly Change\*\*|\*\*Yearly Change\*\*|
Lithium is one of the few metals that's strengthened. It's because around 80% of li use in 2022 will be connected to electric vehicles. China is on track to sell [\>500k EVs in June](https://twitter.com/DKurac/status/1542491251362377729?s=20&t=7JPDC4RhGXNB_V3BKkvTfQ), which would be an all time record. During Q1 2022, around 2mill vehicles were sold worldwide, and maybe half of those in China. \~333k sales per month. That gives you an idea of demand strength right now, and if it continues, expect 9-10mill vehicles this year, up from 6.5mill in 2021.
The Chinese market senses the mismatch between some lithium forecasting and EV uptake, as Chinese producers ripped again on Friday: Tianqi up 6.57% & Ganfeng up 5.57%.
I'm not overly hopeful of the ASX reflecting that. Here's an update of the big renewable related producers:
|\*\*Code\*\*|\*\*Current UD MCap\*\*|\*\*Pre CAPEX NPAT June Q\*\*|\*\*MC 30th June\*\*|\*\*MC 31st May\*\*|\*\*MC 30th Apr\*\*|
^(1) only 80% of produced tonnes shipped from Mt Cattlin
Anybody making sense of that? Are rare earths suddenly impervious to recessions?
MIN will be interesting to watch, as PLS flagged labour, diesel & reagents as the primary driver of increasing operating costs. I can't imagine MIN will escape those in their iron ore business, so the question is how well their lithium props up their IO. If the SP plummets upon release of their upcoming reports, I'll consider whether I want to take a position.
Morningstar have upgraded their lithium forecast, so I can place them alongside GSachs & Fastmarkets. The prices below are average of carbonate & hydroxide over the entirety of 2023:
* Goldman US$17k/t
* Fastmarkets US$39.5k/t
* Morningstar US$70k/t
Excellent, very useful.
PLL are getting brutalised. Once you subtract their equity stakes in SYA & Atlantic from their market cap, they have an enterprise value of AU$700mill. 3 months ago, GL1 was worth $600m, while LRS was $400m. Ironically, the driver of those valuations, spodumene prices, have *increased* 15% since then.
I feel like I should be taking a gamble on Piedmont, but there might be an even better opportunity over the next 2-3 months if the markets remain turbulent. I have them providing a reasonable return over the next 2 years, even if spodumene heads to US$1500/t.
If Tesla, Ford or GM are worried about the outside chance of lithium shortages, they should go and grab PLL now. Across La Corne and Ewoyaa, there's enough lithium for about 500k vehicles pa. Unlike the Ford deal with LTR, which only secures supply, buying PLL would save a mint on raw materials costs. They'd only need to ship it into China under a conversion tolling agreement.
You may wish to beg off Haute Copper for a few days, because [Musk is flying into Western Australia](https://archive.ph/4fQAz). Prepare to see him linked to every lithium spec on the ASX, right up until he announces he was securing nickel.
What's your guess on the nickel company Musk will go after?
He (Tesla) already has offtake deals with most lithium companies. My guess would be if he already has connections, Chalice met up with him due to the LTR connection.
Twiggy Musk sounds like a 70s men's cologne.
LYC being in the unique position of RE's outside of China must have an insulating effect to the general drops we've seen. Construction of their plant in WA appears to be proceeding well.
Not just that but US govt funding to build the only US plant for processing of RE in Texas.
Likely nickel stonk?
I was just joking, but honestly, he's as likely to be meeting with BHP as anyone.
WIN? They aint far from the purpose-built BHP facility near Perth, and have openly touted they are looking to strike a deal with BHP on the EV front.
Shit one of the board worked for BHP for like 20 years (from memory...).
But. They are smal cap nowhere nesr production. Idk.
IHL for the love of God!! U test and hope to cure medical problems with green.. now go fucking green!!!!