By - AutoModerator
What a day for VML ! 🍆💦💦💦💦
What in gods green earth just happend to my beautiful boy ALG
Yeah no announcements . Wtf??
I just googled this guys so bear with me, so there is about 4.3 billion barrels of oil there and Norway has about 5 billion barrels in its reserves and the market cap of Norways oil producer Equinor is 113 billion so we are going to at least 80 billion market cap at least and so with my little stack this means I will be a hundred millionaire soon!?!? 🚀🚀🚀
Infallible logic and calculations bring on the WAKA
You cunts better post some gain porn for us non holders, or even better, us holders who sold for a 20% profit a few months ago 🙋♂️
Profits are profits
Sometimes you win some, sometimes you lose some
My HXL gamble continuing to humble me.....it's not as if I like money anyways
Best daily pre market thread since EVER. It’s like an IVZ orgy in here
IVZ orgy, FFX gang bang...
A IVZ jerking circle just straight up bukkake on FFX
You just know people are gonna FOMO today when the drill is ~6 weeks out
This is exactly what someone who sold out at 12c would say
PAID DOWNRAMPER REEEEEEEE
that's 6 weeks of daily gains that will absolutely, clearly, obviously happen
Let's see the $1B pre-drill 88E 2.0
way this thread is reacting = 16B to match the 16TCF
The math checks out
I am actually in shock about the scale of potential resource IVZ has now. Insane.
Congratulations to all my fellow Wakas! 🇿🇼🇿🇼🇿🇼
Now we just got to get it out of the ground for Lambo time.
Also this is one drill hole target in the initial lease area. There's a whole basin to explore.
There is a reason Mobil was so interested in the area decades ago.👍👍
Me last month: Buying $20k of IVZ is pure gamblor.
Me now: Should have bought more coward.
Holy fuck. IVZ. Congrats to all holders. I love to see you are making more tendies. Love you xoxo
Some poor soul has an IVZ sell order at 15c
It would be one of the guys from asx bets who bought at 30c the last pump 🤣
The FFX fuckery continues… HC in meltdown!
I was planning to free carry Ivz... But now I'm doubting my initial decision.
Send it?... And Lose all my money and survive by eating tendies. Or send it and spend an abundance of money on tendies....
Stick to ur strategy don't let emotions get u.
I didn’t sell off at 30c even though I hit free carry at 27c. I was going to hold out to a little longer maybe 40c to sell a smaller parcel but after this announcement. Hooley Dooley. Greed…
Are you me!?
Up the fucken motherland! Rhodesia is the new Saudi arabia
WAKA WAKA EH EH
shout out to my fat stinky whale today.
Big shout out to the Whale and Stunning Black Berry where ever you are. I hope you’re just waking from up in your Zimbabwe 🇿🇼 bed sheets to this dream.
double the resource, double the SP
Don't down sell it boss , 2.3342x the resource
IVZ open predictions:
Next investors to put out an ivz pump piece today or 1 month ban
"I bet today the sun will rise"
Gotta play it safe boss I'll already be banned in a few months when I lose my LPD bet
👮♂️🚨HOLD IT RIGHT THERE SIR. ONLY ONE BET ALLOWED AT A TIME. YOURE COMING WITH ME SCUMBAG 🚓🚨
I would rather just do my time now. Take me away 👮
It's gonna take a lot to drag me away from you
There's nothing that a hundred men or more could ever do
I bless the GAINS down in Africa...
Invoking the spirit of Toto can only mean one thing....
HAHAHA FFX sold their 28.6 million shares for .455.
So glad I dumped FFX after the LLL split.
It’s rainin oil out here in AFRICA🥁🥁
Bless the rains down in Africa!!!
PTX secures US patent
I'm dancing. This is massive.
Less Fukn goo Waka Gang!
The promised land awaits
What gain you thinking today?
I'm Fukn hoping we get into the mid / high 20s
We might struggle to break the 30 mark cos that's a point a lot of cunts will be free holding.
Initially I was hoping for 25s but now I'm horny as fuck
Just think if the asx didn’t have a massive bed shit this last month we would still have been at 30c for this announcement
Thinking isn't my strong suit
For IVZ wakastans, that upgrade doesn't even include the second hole they are going to drill on the basin edge. 💦💦💦💦
Or the rest of the 750,000 hectares
IVZ what a fucking shock.
That is the most ridiculous upgrade. Actually can't believe how large the upgrade is.
*Tsamina mina, eh eh*
*Waka waka, eh eh*
*Tsamina mina zangalewa*
*It's time for puts on Africa*
(This isn't directed at the gas gang - [FFX, LLL, AVZ](https://c.tenor.com/84qOx_tUJTkAAAAC/meme-traumatized.gif) )
LOLLLLLL FFX are selling their LLL shares, this is so fucked
Time to start the new FY off with some tasty capital losses
Is that announcement pleading for a takeover?
They're pleading to not go into fucking administration lmao. The shitty little gold operation they thought was profitable, isn't.
They really didn't need to put that last sentence. Seems to me like they want out
They know exactly what they're doing. They're keeping the low hanging fruit dangling in front of the idiot shareholders so they don't run to the hills.
LLL might get taken over at this rate by the Chinese, but I doubt they want a gold mine
I think the gold mine will probably be free or negative value at this stage.
Can Leo lose control if the Chinese buy FFX? Doesn't seem all that likely (why bother?) but I guess if FFX make it sweet enough.
That said they can probably just talk to them rather than putting please buy us out in an announcement
China could claim LLL for ~$550-600M AUD / $378-$412M USD right now. Why bother going the gold mine route when LLL trades that low
Yeah, it probably wouldn't make a lot of sense for the sake of a couple of hundred million when they have the offtake anyway
O glorious Fukn day!
That's your retirement oil
THIS TIME FOR AFRICA 🇿🇼
Holy shit IVZ let’s fucking goooooooo!
Holy fuck IVZ
What a fucking day, Waka Wakka
What a beautiful day. Sun is shining warm on my back. If I had hair the breeze would be in it.
Stand on your head in the nude
Prospective 2.43x more Tcf and 3.42x more million barrels
HOLY FUCK IVZ
IVZ have jumped to 20TCF !!!!
Waka waka what an upgrade.
Is it just me, or do you all find it extremely challenging to take anything Lowe says with any shred of credibility whatsoever.....
So time to watch him flop out 75bps despite saying he wouldn't do it?
I've watched 2 interviews and he reminded me way too much of an old uni lecturer, extremely articulate but anytime i went to his office he was reading some trashy novel.
Pre-market summary from AFR:
**ASX to slip, RBA decision in focus**
Australian shares are poised to slip at the open, with the Reserve Bank’s 2.30pm AEST policy decision top of mind. US markets were closed for Independence Day.
ASX futures were down 5 points or 0.08 per cent to 6532 near 6.15am AEST. US futures drifted lower.
The local currency rallied 0.7 per cent to edge above US68.60¢; the Bloomberg dollar spot index was flat.
On bitstamp.net, bitcoin was up 2.5 per cent to $US19,762.14 near 5.25am AEST.
The yield on the US 10-year note was at 2.88 per cent.
US futures were modestly lower: Dow futures were down 0.3 per cent; S&P 500 futures slipped 0.4 per cent, Nasdaq futures slid 0.5 per cent.
Local: RBA board meeting, policy statement at 2.30pm AEST
Overseas data: Services PMIs for June for China (Caixin), Japan (Nikkei), Euro zone (Markit), UK (Markit); US May factory orders and durable goods orders
ASX futures down 5 points or 0.08 per cent to 6532 near 6.15am AEST
AUD +0.7% to 68.62 US cents
Bitcoin +2.5% to $US19,762.14 at 5.25am AEST
US markets closed for the July 4th holiday
In Europe: Stoxx 50 +0.1% FTSE +0.9% CAC +0.4% DAX -0.3%
Spot gold -0.2% to $US1805.15 an ounce at 2.52pm New York time
Brent crude +1.7% to $US113.50 a barrel
Iron ore -5.6% to $US109.90 a tonne
10-year yield: US 2.88% Australia 3.55% Germany 1.33%
TD Securities: “We believe the RBA should hike the cash rate by more than 50bps at \[today’s\] meeting in light of strong domestic data prints. We had forecast a 65bps hike for the July meeting but listening to Governor Lowe’s most recent guidance, explicitly stating the Board will discuss 25 or 50 at the July meeting, we shifted our call last week and expect the RBA to hike 50bps tomorrow.
“Despite the strong run of data prints and Lowe’s likely optimism on the outlook, we doubt the RBA Governor’s stance will shift more hawkish as his most recent speech and Q&A was successful in reining in aggressive OIS pricing. Global front end futures are also pricing in a less aggressive rate hike outlook. The risk to our RBA call is for a lower cash rate.”
St George: “We expect the RBA to hike the cash rate by 50 basis points, from its current level of 0.85 per cent to 1.35 per cent. Economists agree, with 25 of 26 economists surveyed by Bloomberg predicting a 50-basis-point hike.
GSFM Investment’s Stephen Miller expects a 50bp increase today and a sharper focus on August: “In my view 50bp in August is not yet a certainty. For one thing the RBA meets monthly, as opposed to every 6 weeks like most of its developed country counterparts. That may afford it the opportunity to opt for a 25 bp increase in August so long as the June quarter CPI released on 27 July is not a ‘blowout’.
“A 50: 50: 25 bp sequencing of rate rises over three consecutive meetings would be virtually equivalent to a 50:75 sequencing over two consecutive meetings in other developed country central banks.”
NAB: “We expect a 50bp hike to 1.35 per cent and for the post-meeting statement to continue to guide for further rate hikes at future meetings.” It also noted that the latest robust retail sales and very strong job vacancies data only further strengthen the case to continue to move quickly away from emergency settings.
Consumer inflation expectations surged in Canada, hitting fresh highs in the short-term and up “significantly” over the long-term, a Bank of Canada survey showed, bolstering calls for a very rare 75-basis point rate increase.
“Consumers’ expectations for inflation have risen, alongside concerns about prices for food, gas and rent,” the central bank said in its second quarter Survey of Consumer Expectations. “Generally, people see inflation as being more pervasive now.”
In a separate survey, the bank found businesses expect high inflation for longer, with firms eyeing survey-record wage increases over the next 12 months and many planning to pass rising costs onto customers.
The surveys both reinforce calls for a 75-bp rate increase at the Bank of Canada’s next decision on July 13. That would be the largest hike since August 1998, when the bank lifted rates by 100-bp to defend the currency.
European shares rose on Monday as the oil and gas sector marked its best session in two months, while bleak euro zone investor morale kept sentiment in check.
The continent-wide STOXX 600 index was up 0.5 per cent after falling last week on worries about a potential global economic slowdown.
London-listed oil giants BP and Shell, and France’s TotalEnergies jumped between 4.6 per cent and 4.4 per cent.
The energy sector rallied 4.0 per cent, and London’s FTSE 100 closed up 0.9 per cent.
Healthcare and miners were among the other top sectoral performers.
Guinea’s mines minister has ordered all work related to the Simandou iron ore mine project to be halted after the two companies involved missed an extended deadline to agree on a joint venture, a letter seen by Reuters showed on Monday.
Rio Tinto RIO.L’s Guinea subsidiary Simfer SA and Chinese-backed consortium Winning Consortium Simandou (WCS) have shown a “lack of willingness” to work on a partnership, Mines Minister Moussa Magassouba said in the letter addressed to both companies, which was dated July 3.
“Despite the significant concessions the Guinean State has been kind enough to make, it is clear the obstruction is being maintained by both your companies, to the detriment of the interests of the project,” Magassouba wrote.
Norwegian offshore workers will likely go on strike on Tuesday in an industrial action that will cut oil and gas output as the negotiating parties have not made progress, the union and the lobby representing oil companies said on Monday.
“As it stands now, there will be a strike tonight,” a spokesman for the Norwegian Oil and Gas Association (NOG) told Reuters. “The situation is quite locked ... No talks are scheduled today.”
Industrial action will begin at midnight local time (2200 GMT) at three fields - Gudrun, Oseberg South and Oseberg East - and will then expand at three other fields - Kristin, Heidrun and Aasta Hansteen - from midnight on Wednesday.
A seventh field, Tyrihans, will have to shut because its output is processed from Kristin.
They forgot the IVZ massive update
Bullish on iron ore - screw guinea and China's attempt to ween itself off the Australian iron ore teat...
IVZ resource upgrade day baby!!!!
If I hear Kate Bush one more time this week I'm going to put my testicles in a jaffle iron
If you're lost you can look and you will find me
Time after time
if you fall, I will catch you, I'll be waiting
Time after time
Heathcliff, it's me, I'm Crumpy
I've come home, I'm so cold
Let me toast my balls
Proof or ban
[Do you want to feel how it feels?](https://youtu.be/wp43OdtAAkM)
If I only could...
Heathcliff! it's me, it's Cathy
I've come home, I'm so cold
Let me in your window
Heathcliff, it's me, it's Cathy
I've come home, I'm so cold
Let me in your window
Ooh, it gets dark, it gets lonely
On the other side from you
I pine a lot, I find the lot
Falls through without you
I'm coming back love
Cruel Heathcliff, my one dream
My only master
If I only could,
I'd make a deal with God,
And I'd get him to swap our places,
Be running up that road,
Be running up that hill,
Be running up that building.
If I only could, oh
If I only could
I'd make a deal with God
And I'd get him to pump my dog stocks
Be running up that chart
Be running up that hill
With no resistance
🔊🎶And I'm running up that hill.............................................!! 🍒🔥
You're in my head 🙉🙉
Debating how to play the interest rate rise this arvo: most people seem to be calling .5 increase so is that priced in and minimal movement or shall we see a drop across the board?
I was just thinking the same thing… 0.5 is probably priced in but my uneducated mind thinks the market will probably be flat and quiet until the announcement.
Yeah I’d say flat and low volume until the announcement
IOU is going to continue to pump today.
Pretty sure there’s a takeover deal happening with Tesla.
DYOR NFA SNIFF GLUE
Waka Waka 🇿🇼
Lets go !!!!!
So what's the go with OCN? Because they looking pretty tasty rn ngl.
New company isn't it? Or new public listed company
Just been listed
Not try to say anything aganist specific holders but we got two copper DDs this week and neither mentioned a single negative, downside or risk in the copper space. Its nice to see DD but an attempt at providing some sort of overview of the other side of the coin is good. So I shall endevaour to do so briefly to not detract from their good posts.
Only in the comments was the demand/undersupply conversation extended to include recycling. The international copper association of Australia estimates copper products contain 35 percent recycled content. Furthemore they say "copper is 100% Recyclable. Copper is one of the few materials that can be recycled repeatedly without any loss of performance. There is also no difference in the quality of recycled copper (secondary production) and mined copper (primary production), thus they can be used interchangeably."
Before you all try to maul me yes I know we don't have the recycling capability right now to meet all demand nor will it happen soon. But it is something that should be mentioned.
Secondly no mention of the copper taxes, workers strikes and major disruptions to copper mines in South America. Especially with HCH being mentioned often.
Thirdly the mentions that copper is low or somehow behind in price are a bit crazy. Historically copper is still at record high prices. Copper was $2 a few years ago increased nearly 150% since and early 2000s it was under <$1. I acknowledge it can go higher but copper is not trading at some sort of historical discount despite decades of lackluster discovery.
Finally both guys mentioned in the comments their pick is CYM. Obviously there is incentive to write positively about copper and associate that with the stocks you own. But disclosing some ownership at the top of the industry DD aint the worst either. In regards to CYM itself I feel they should mention how damn risky it is. They need to prove their heap leach can make Nifty profitable when MLX couldn't and the funding discount is a sign of the sort of risk:return at play. It could easily fail to meet the recoveries, or the AISC could blow out the water and too many I think assume the leach will 100% work and thus believe its priced at a discount.
Not trying to crusade just though I'd give some of the flip side we didn't see in the DD.
Also, quick comparison of copper companies where share price (SP) = pinched from stake.
CYM: market cap: 62M, SP: 1yr - -50%, 3 yr -57% now: 0.110
AR1: market cap: 226M, sp: 1yr 182.86% 141.46% now 0.495
LEG: market cap: 138M SP: 1 yr -52.38, 3yr 56.25 now: 0.050
If you take a look at those figures, CYM looks like the loser, because for half the share price, you're getting LEG with double the market cap, who is also profitable at the 3 year mark. CYM = red all the way.
I'm a complete noob making assumptions though, but does that seem on track, or am I full of shit?
Flip side review is always good u/Triog0n. There is always a downside.
The real MVP. Cheers mate
I too like to see double D's.
Don’t we all sneaky, don’t we all…😍
DP in Double D
Is Steve leaving LTR known, and a Big Deal? I couldn't find fast hence checking...
fyi invited: https://twitter.com/globallithium/status/1542520309281984512?s=20&t=y8EotRArSWblAKsIl0DSiQ
Not another Steve!!
Not scuba Steve
retard strength day.
i very rarely venture into a HC stock thread I don't hold, unless I'm considering a position, but tonight I was curious too see how LKE holders were dealing. Didn't find many, but saw plenty of non-holders gleefully posting. so many time bandits on HC. 🤰🏾
The threads on this post seem a lot more neuro-diverse tonight than they have been the past couple weeks
Given that you're called an autist here, does it come as a surprise?
Considered it the norm, given the environment.
Not surprised, just noting that they seem to be autisming more this week than the last few. So maybe returning to the norm (qualitatively, maybe not quantitatively just yet).
Disclaimer: I am not an autist I just play one on the internet
aint that a larper?
No it’s just the internet
Capitulation is ripe, people are starting to go insane
Iron ore went -11.96% and FMG today still +0.412%
10,000 basis points increase to the IVZ share price tomorrow.
Was Malcom in the Middle underrated? Yes
Oh yeah real underrated "The show received widespread acclaim from critics and proved a popular draw for the network. It has been placed on several lists of the greatest TV and sitcom series of all time." It won has seven Emmy Awards
Well not so underrated but forgotten. Ya chump
Brian Cranston was flawless in that series and fuck you if you think otherwise.
Hahaa i think he’s tied for best tv dad between him and Randy from South Park
It was actually the sequel to breaking bad https://www.youtube.com/watch?v=oVdB36lmbII
Hahaha fucken hell
Just found this gem on r/AusFinance thought id share just in case anyone was wanting an in depth insight into the lith vs copper depate.
why lithium and not copper? u need way more copper for ev car batteries...u
seem like someone who just went to asx\_bets and saw some gain porn..
current lithium markets are way too speculative by options trading to
guage proper value.
Blair Williams is so underrated
She's a big lass innit?
I want to google this name but at the same time I'm afraid of what I will discover
Try reddit instead.
Worse suggestion lol
it's only smellz...
What’s that Pokémon that kinda looks like a slug?
... Slugma ?
Well fuck you can have my up vote becuase honestly i blame my self
Hahahaha taste it
These pokemon evolutions are becoming wild!
Yeah nah if VML doesn’t fucking rocket to 10c by the end of the year I’m going to be mad as hell (and also banned for eternity).
One of us
Got alot of work ahead to hit that. 400mil Mcap need some good info on sales and tardiff plans I reckon. Never say never though things are moving well.
I think VML would do a lot better selling their Tanzania stuff for some cash, using that to get Tardiff rolling and try ramp that up. They should also reaaaally publish some guidance on finances since there are no studies. If they are only going to be making 10-20mil NPAT thats not enough for dividends or any meaningful growth for ages so they gotta grow. Kipwa also looking like a fight not worth taking on right now when there is so much more possible at Tardiff.
They only got Tanzania for $1mil. And tardiff won't come up early they are adamant on the 3 year specification period.. Hell ARU will do the same ramp up and IXR will also its a part u can't skip. 2025 is when they plan on shipping 25kt TREO so next 3 years is about proving.
Dividends are out of the question. As far as growth all vml needs to ramp up tardiff is more sorters and they are $3mil a pop so not hard. May need some more equipment In extraction but not bad all that can be attained in next 3 years.
Its all a time game. They could of went traditional route and published Feasibility studies etc and it be longer wait.
But I get what ur saying the market really needs some guidance on the Revenue/Opex mainly on Tardif as thats the main project.
I'm praying for this to happen, but with September (Kipwa acquisition to be finalised) and October (REETec to recieve 2 5t of REO) being a massive months I'm hoping to see 17c per those broker reports
would u sell at 10c or 17c?
Honestly, it'll depend on how production is going and if they can actually acquire Kipwa and the exploration license for thebTanzanian mine
Yeah atm I put kipwa at higher chance of success than Wigu. Tanzania seems a mess for PEK and they been at it longer.
It'll be interesting to see what happens, cause I haven't really heard much about Wigu from VML nor any local news...
Just search through PEK and u will see how slow they are.
In my lack of awareness, I thought PEK was slow cause of how much ShengHe became involved in the company, only to find out they get none of the rights that the previous majority shareholder Appian had...
Will do some more reading tonight to see exactly whats happening to PEK
Yeah that's a newer situation that has caused it definitely. But they were meant to have their SML at start of year and its just dead quiet on that front. And no updates from management don't help.
According to their latest presentation, they got the "SML approved by cabinet" but just hasn't been given the formalised grant yet (despite that happening in July 2021 or a year ago)....
That is a lot of fucking around by government, and worse is that the company has literally made no major announcement in this calendar year...
What a frustrating hold this company would be
What time does Phil fuck us with 65bps tomorrow?
WhAt TiMe DoEs PhIl DrAiN OuR NuTz
Somebody feed Phil
2.30PM AEST. Bring it on Big Phil.
I’d like to see this.
Not because of economics.
Only because the 15bps offset is triggering me.
Because of the economics!
US cash rate 1.5%
NZ cash rate 2%
UK cash rate 1.25%
Well ignore the snow Mexicans who use fractions…
But it brings it to a round 1.5%
MAY thats all.
JULY! That is all.
SOFY (Start of Financial Year) oil sale
Is that the speccy that just drill holes for fun?
Drilling tours in Cuba. Get in quick, it books out in no time
Trading halt tommorrow? 😉
Wed, they always do it on Wed so probably tomorrow.
Hope Broken Hills has lived up/down to expectations, mate.
I’m already back just posted some photos. Go up every 3 months for work.
Lots of pubs places to eat. Besides that bit plain haha.
For a cap raise.
Is there any reason NOT to use the Minimise CGT sale allocation method in sharesight? Literally all of the methods give me a different number, but minimise gives me the lowest.
Shortest possible yet accurate answer: no.
In a sentence, the ATO are unhelpfully vague. If you don’t use first-in-first-out, and if you don’t keep track of each parcel separately, then if you get audited the ATO may want more information about how your CGT liability was calculated.
I’m certain that that “I used an online service’s calculator” isn’t an excuse if it’s calculated wrong for some reason. It’s your obligation as tax payer to get it right. If you’re concerned (or eg if there’s a material difference between the fi-fo and minimise CGT options) I’d definitely see an accountant.
Think of Sharesight as saving your accountant time so saving you money, rather than a replacement for your accountant.
Just plead the fifth
The ATO is notoriously forgiving about technicalities 😉