T O P
WillemDafondle

Flying with Scoot tomorrow. *gulp*


yippikiyayay

Bold move Cotton, let’s see if it pays off


alllrandom

Checking in from Baganuur, Mongolia. My trip here has nothing to do with mining but hopefully I can bring some luck to the dog EXR. I will take credit for any upward movement over the coming weeks.


teeedubb

Take a photo of the desert and send it to them for use in their next operations update.


Calm_Lengths

Make sure to include your boots in the picture


alllrandom

If I make it to the Gobi sure.


HMS--Beagle

Just had a read of the Musk x Twitter thread and jesus christ it was gold. There is nothing more satisfying than Elon Musk knob polishers exposing themselves willingly. >”Smartest man alive” >”He accomplished what he set out to do, own the left” Peak stupidity 🤦🏻‍♂️


Denominator_K

*Sets fire to pile of money* .... Haha fuck you libs


Wannaliveinpenthouse

I am actually curious about how those who bought Tesla shares at over 1000$ feel about Elon musk, technically they are down 30% now.


sneakycutler

This is random AF: does anyone have a discount code for an Oodie?


BuiltDifferant

Can buy knockoff ones from aldi and Kogan assume they’d be the same


sneakycutler

They’re built different, unfortunately.


w1lliam88z

There is a buy one get one free through Facebook I believe


sneakycutler

>e luck to the dog EXR. I will take credit for any upward movement over the coming weeks. > >10 Just checked, and the deal only has a limited of Oodies. 6 to be exact.


ewanelaborate

Heating bills really taking a toll


Nevelo

The large hadron collider was fired up again recently. There is a conspiracy that it’s somehow shifting our reality on the timeline. I didn’t believe it at first, but now knowing that Oodies exist, I am convinced that we are in the wrong timeline.


Known_Signature7341

It’s amazing science they are doing with the LHC. Sometimes I wonder if they should have started out with a small hadron collider though, just in case 🤔


ewanelaborate

Could i perhaps interest you in an [ostrich pillow](https://www.sleepsolutions.com.au/ostrichpillow-original-travel-pillow)


Instantly-Regret

How can I unlearn that this fuckery exists?


ewanelaborate

Buying one and wearing it backwards might work


Instantly-Regret

Sounds difficult. Might have to watch a video demonstration and still fuck it up


Nevelo

It is truely the end times.


Webpage9

Anyone with RRR? Looking at more low cap copper plays to add to CYM and this has my antenna up. The Diane assays so far show pretty impressive potential grades, although low hanging fruit taken in 70s and 80s. tough tropics climate and expensive operation to make economic though. Still on my DD journey but SP looks tempting at this early look 🤰🏾


Webpage9

u/westra2 found ya in a search. still keen on RRR?


westra2

Looks like they found more copper this week. Was hoping they would. Hope you got in before the announcement.


Webpage9

I didn't. Shaping up to be quite the potential mine. Will continue to watch 🤰🏾


westra2

Got in at IPO and still holding, playing roulette at this stage.


[deleted]

Head over to WSB if want a balanced pro cons of Twitter deal. You won’t get it here, only a prime example of why Twitter is broken. Censorship and cancellation. This is a great sub, just don’t disagree with woke people. Now hit the downvote button.


kervio

Let me paraphrase that for you: "I want a fight because I am bored!"


ewanelaborate

what I thought. Honestly I do this frequently. Can't help myself. It's a problem.


maybethough

You dumb cunts who think everything is and should be some battle of red vs blue honestly deserve the shitty made up persecuted existence that your worldview compels you to live. On either side.


Blisser_the_Sniff

Life is this. Comparison and competition with a little organisation.


maybethough

I'm down with competition, especially of ideas but man, in this sub we don't have to paint our faces and treat some billionaire taking over a company or not as the conservatives having poached a new halfback just in time for the semis. I mean, half of us have coal in our portfolios where tf does this bloke think he is


Blisser_the_Sniff

Fine. Let’s hate him.


maybethough

😂 fair shout. I'm probably projecting a bunch of shit on the poor guy


Blisser_the_Sniff

Wait what, I was serious. What’s the good of a mob without a little lynch support. Removing nails from bat..


nohorncap

I thought the podcast with kara swisher + prof scott galloway was great, as scott saw this coming: [https://podcasts.voxmedia.com/show/pivot](https://podcasts.voxmedia.com/show/pivot) (linked to generic, as there's 14 various podcast thingers such as spotify etc to choose from) Also talk about what it could mean to Tesla stock pricing.


WowVeryJosh

Tell me you only heard about WSB during the GameStop saga without telling me > Checks account age Oh no no nooooo


catch-10110

> WSB > Balanced You’re an idiot.


Denominator_K

>Balanced Surely he means fallacious and totally uneducated opinions in both directions....right?


sneakycutler

But TBF it’s an US stock and company. You expect more educated or even interested opinions on there. Same as you wont find much insight of FMG or BHP on WSB than on ASXBets.


Rlxkets

> Head over to WSB if want a balanced pro cons of Twitter deal. Everyone at WSB talking out their arse about this deal. They are twisting the narrative to enforce their view on Elon (positive or negative). No one is being impartial


maybethough

And/or whether they're currently bagholding Tesla or twitter


Webpage9

Give us the shorter 🤰🏾


bigcrococtopus

There is no real short version, WSB has quite a few popular "Pros and Cons" floating around (many factually incorrect). The major theory is that Jack Dorsey and Elon Musk are friends with similarly aligned world views, and Jack would have inside knowledge on the true nature of the supposed bot issue in Twitter and this deal and lawsuit will expose Twitter for lying (for reasons only Elon and Jack would know, but many have speculated). However there is a reason 93% of all IPO's happen in the state of Delaware, and that's due to the incredibly strong corporate laws that are settled by the Delaware court of chancery. Those that think Elon is making a 4D chess moves are assuming if they unveil the true nature of the bot problem through discovery as a "material adverse effect" (MAE) he will easily win the court case, or Twitter wanting to avoid being exposed will settle for significantly less than the original price or drop the suit entirely. It's important to note in the Delaware courts entire history in similar litigations there has only ever been a single judgment where a MAU has been ruled in favour of the buyer, it's an incredibly high legal bar to clear. Even if Twitter is lying about the bot problem Elon could still lose the court case. Interestingly his other claim that Twitter firing two key employees without his consent as required by the contract may be a stronger footing for undermining the deal allowing him to break from it. So is Twitter materially lying about bot problems? Is Elon really playing 4D chess? or did he make an impulsive mistake? Will Twitter settle for a lower price or let Musk walk away scott free? Are there other reasons for what Elons doing? Who knows, I certainly don't (most people on reddit don't either) only time will tell.


sneakycutler

If MAY hits (or exceeds) their expected oil, how many of you here will be bona fide millionaires?


shitredditsays01

The last time they hit oil MAY hit 21c. Not a far stretch to believe if they did it again it would hit this number again and beyond. HC has far more generous numbers, they are pricing in best case scenario so feel free to use those for a nice dose of hopium.


[deleted]

[удалено]


shitredditsays01

It could easily turn south, drill hits nothing but rock and water in which you look like a genius. Chance of success set to 23% or so for Zapato I believe. For their previous hits, the issue now are flow tests followed by, can they actually get the oil out.


Hawkins782

Not unless ghe SP hits $4.80


sneakycutler

Apart from Mr MAYO


rsoule878

If MAY doubles ATH I will post. My TP is $0.42 in 12 months based on at least two wells in and producing. HC full of shit. Marti is the key to overall MC value and Zapato is a $ bonus if it hits. Good two weeks to get that Ann on Marti resource and should be upgrade resource of who knows how big. Zaparto probably three to four weeks as prob 60days min drill not 55 as stated. Spud just before June. Fingers crossed it hits. Forward Block 9 plan maybe three to four weeks. Thats why the CEO just left for Cuba. Get the plan down and forward supplies ordered and moving. Once all these come in all will know what they have and where the SP will go.


Jesse_Welshy

Thinking about buying back into IVZ for round three of profits can anyone confirm if this is the play,


poptartape

Hot Cuppa will let you know


mezdawg69

I find it weird no one at ASIC knows how to reverse down a boat ramp anyway. Line the trailer up until its directly inline with the car and facing in the direction you want to go, this will make it heaps easyer. Now slowly reverse backwards and Remember Moving your steering wheel to the left will cause the trailer to go right and vice versa Also only make small adjustments as you go back. After you have got going in a straight line down pat try turning around bends . Start by swinging the trailor out and then following it around . When nearly finished start turning the steering wheel the other way to straighten up. The steeper you turn the wheel the sharper the trailer will turn so Be careful not to jack knife. if you make a mistake pull forward and start again. Before heading down to your local boat ramp i recommend practising untill your comfortable because trying to reverse down a boat ramp underpressure with little experience can be recipe for disaster. Its best to learn using your mirror's but if your in a tough spot or unsure try looking out the back window or even slowering the tail gate when on a incline. With a bit of practice im sure you'll get the hang of it in no time BLT'S AFL DYOD This is not financial advice.


Blisser_the_Sniff

[video version ](https://m.youtube.com/watch?v=8V0HETilr4I)


kervio

This guy and his chicken baths....


definitelyNOTasic

*Furiously taking notes*


teeedubb

To the secret Santa that made it rain gold last night, thank you for giving the best sub on Reddit a memorable night 👍


poptartape

What did I miss?


teeedubb

🏅🏅🏅🏅🏅🏅🏅🏅🏅🏅🏅🏅🏅🏅🏅🏅🏅🏅🏅🏅🏅🏅🏅🏅🏅🏅🏅🏅🏅🏅🏅🏅🏅🏅🏅🏅🏅🏅🏅🏅🏅🏅🏅🏅🏅🏅🏅🏅🏅🏅🏅🏅🏅🏅🏅🏅🏅🏅🏅🏅🏅🏅🏅🏅🏅🏅🏅🏅🏅🏅🏅🏅🏅🏅🏅🏅🏅🏅🏅🏅🏅🏅🏅🏅🏅🏅🏅🏅🏅🏅🏅🏅🏅🏅🏅🏅🏅🏅🏅🏅🏅🏅🏅🏅🏅🏅🏅🏅🏅🏅🏅🏅🏅🏅🏅🏅🏅🏅🏅🏅🏅🏅🏅🏅🏅🏅🏅🏅🏅🏅🏅🏅🏅🏅🏅🏅🏅🏅🏅🏅🏅🏅🏅🏅🏅🏅🏅🏅🏅🏅🏅🏅🏅🏅🏅🏅🏅🏅🏅🏅🏅🏅🏅🏅🏅🏅🏅🏅🏅🏅🏅🏅🏅🏅🏅🏅🏅🏅🏅🏅🏅🏅🏅🏅🏅🏅🏅🏅🏅🏅🏅🏅🏅🏅🏅🏅🏅🏅🏅🏅🏅🏅🏅🏅🏅🏅🏅🏅🏅🏅🏅🏅🏅🏅🏅🏅🏅🏅🏅🏅🏅🏅🏅🏅🏅🏅🏅🏅🏅🏅🏅🏅🏅🏅🏅🏅🏅🏅🏅🏅🏅🏅🏅🏅🏅🏅🏅🏅🏅🏅🏅🏅🏅🏅🏅🏅🏅🏅🏅🏅🏅🏅🏅🏅🏅🏅🏅🏅🏅🏅🏅🏅🏅🏅🏅🏅🏅🏅🏅🏅🏅🏅🏅🏅🏅🏅🏅🏅🏅🏅🏅🏅🏅🏅🏅🏅🏅🏅🏅🏅🏅🏅🏅🏅🏅🏅🏅🏅🏅🏅🏅🏅🏅🏅🏅🏅🏅🏅🏅🏅🏅🏅🏅🏅🏅🏅🏅🏅🏅🏅🏅🏅🏅🏅🏅🏅🏅🏅🏅🏅🏅🏅🏅🏅🏅🏅🏅🏅🏅🏅🏅🏅🏅🏅🏅🏅🏅🏅🏅🏅🏅🏅🏅🏅🏅🏅🏅🏅🏅🏅🏅🏅🏅🏅🏅


poptartape

Noted


ilovenyano

I think you missed a few 🏅🏅🏅


Nevelo

There was also that one silver too.


NONE_GlVEN

Hehe that was me, my DLC pump got silver


Fruityboy

Hey what was that guys name that used to always say something about eating something on the market open thread? Was normally the first few posts after 10am.?


teeedubb

u/logofpoo is this you? are you testing us?


cameltrowe

Something something 🏀 👨‍🚒


scorpio_

u/autodidact31


FrankGrimesss

Zach da la Rocha was the bread guy right?


Texas_Tom

I don't know how to tag because I'm a simple man, but I think it was autodiact and he encouraged us to get the bread


Particular_Love_8811

They Call me .. Boyfriend friend of the man called Barry.


Particular_Love_8811

Steak and eggs with camembert cheese?


maybethough

[oppies](https://aus-listed-cios.github.io) list updated. GLLO, EMTO, PFEOA


PowerBottomBear92

...Candy Club Holdings was not the company I expected it to be


kervio

u/yothuyindi didn't you DD candy club at some point?


Calm_Lengths

I think it was yowie not candy club


kervio

I thought he did both?


Calm_Lengths

I remember there was DD on CLB at one point too, can't seem to find it anymore though 🤔 don't think youthuyindi did it though


Dark_Raiden_

I hope we can someday make a claim for a "dumbfuck portfolio relief payment" on centrelink


BuiltDifferant

Would be a fun game if everyone pooled there worst trades in screen shots, or a worst portfolio competition. I know DW8 guy might be up there. That drunken bastard! 🍷


nohorncap

I just smile every time I see this work of portfolio art: [trust me, I know what I'm doing!](https://www.reddit.com/r/ASX_Bets/comments/vlpi6m/trust_me_i_know_what_im_doing/)


BuiltDifferant

It’s .. it’s beautiful o7


AltruisticCurtains

The best weekly market wrap and economic / market conditions forecast around is [here](https://www.ampcapital.com/au/en/insights-hub/articles/2022/july/market-update-0807221), from Dr Shane Oliver. Also a great week ahead summary for the US markets [here](https://www.reddit.com/r/stocks/comments/vuler5/wall_street_week_ahead_for_the_trading_week/)


nohorncap

Was not expecting Burt Bacharach: [https://www.youtube.com/watch?v=VbxJdwmsaXc](https://www.youtube.com/watch?v=VbxJdwmsaXc)


AltruisticCurtains

Ah yes, Dr Oliver likes to sneak in a musical reference in each update.


spank-hair

Awww I thought you meant a summary of a forecasted great week ahead. Not a great forecast of "bears are probably still going to fuck us" week.


AltruisticCurtains

Bulls won last week, in fairness. Bers have the potential to be cause issues for the rest of the month though, I think


Doomkoon4648

Interview with Cheetah lad (vml) Same shit but some info on Kipwa about revised mining plan they expect to show Locals. https://youtu.be/GBjsbWXEGzU


Calm_Lengths

Kipwa sounds like a real possibility despite the current local objection...


Doomkoon4648

Yeah i Think the Gov will step in


staytha

How did you find this if it's unlisted if I may ask


Doomkoon4648

Unlisted?


staytha

Yeah when I click the link it says it's unlisted


Doomkoon4648

Don't know it was on twitter.


viserys-the-dragon

Realised I gave $420 in donations this year and it wasn't even planned to be such a dumb fuck number, I'm definitely getting audited on this one, but thank you LKE for making it a possibility But also friends if you are looking for a new charity to donate to, can I please suggest making a $420 payment to 'Effective Altruism Australia' so we can sit side by side in the ATO office together


scorpio_

420 raise it...to 690 they don't care about anything under a grand


viserys-the-dragon

I do need to find like $300 in deductions but would like it to be mostly legal haha


RAC-City-Mayor

Greetings biotech gang Over the last month: S&P 500: -2.95% Nasdaq: -1.01% NBI (Nasdaq biotech index): +11.66% XBI (S&P biotech index): +20.17% The NBI is market cap weighted, but XBI is equal weighted. This to me suggests that there has been a bounce in the small and mid-cap names in biotech. About time, and hope the momentum continues. This has been reflected on the ASX too to some extent over the last 5 days: CHM up 25% RAC up 7.14% IHL up 6.67% NYR up 6.67% RAD up 9.37% IMU up 12.2%


Oghinsien

IBX up 46.67%


RAC-City-Mayor

Can you give me the tldr on them?


Oghinsien

IBX are developing a new type of contrast agent (iron oxide nano particles coated in a bio-degradable film that adheres to cancer, MRI then magnetises the agent, pin pointing where the cancer is, after a while film is broken down and iron particles passed through liver).


PowerBottomBear92

ILA down 10%


RAC-City-Mayor

Very low volume right so makes sense it doesn’t necessary follow the sector all the time


BuiltDifferant

RHY


shitredditsays01

To all the cool kids that went out on a friday night, you missed a night of celebrations and awards. You missed out.


[deleted]

Just saw bm7 in they/theirs new bugatti andrew tate style, pretty cool guy


BuiltDifferant

They use to call him “the show” When he goes to a party people would all say it’s “the show” 90kg and lean


AltruisticCurtains

Welcome back, BM7


kervio

BM7 alt confirmed.


AltruisticCurtains

It makes me smile :)


Okayiseenow

Fuck yes


WillemDafondle

Fuck. Missed the SRZ rally. Seems like this tin man needs a heart AND a brain... 🫀🧠


Sid_Arthur

Here's hoping it continues the trend 🤞


Kind_West7116

Thoughts on ccx, consumer discretionary. I think it'd heading up


nohorncap

"Consumer discretionary encompasses those industries that tend to be the most sensitive to economic cycles." That's all I needed to know. I wouldn't go anywhere near it for that reason.


BuiltDifferant

I like city chic. Think it’s got some good growth prospects Australia and abroad. Consumer discretionary may go down a bit with interest rates and cost of living but clothing is essential. The next report will be the eye opener. I also like BST as they have low cost clothing for kids and adults. Time will tell. In consumer discretionary some of the best margins are on power tools and tools in general. Stocks like WES metcash are exposed to that.


kervio

It's not too bad, still trading at pretty high multiples though. In terms of discretionary that I don't hold, I think my favourite is Globe.


BuiltDifferant

I also look at globe. One thing is I feel like skateboarding isn’t as popular nowdays maybe cos I’m old or it might be big in the US. I seen rip curl brings in a lot of revenue. I still like surf shops but I’m a bit picky with what I buy if I spend big I want quality damn it Also bought a pair of RXD work boots bad reviews but shit they are so comfy Also caught some baby Australian salmon recently whatever they’re called


kervio

The surf skate things are insanely popular. They also cost like $300 whereas a dirty park board costs about $150-200 so they are selling these things for high margin. The old skate brands are back too, santa cruz is popular again... These days none of the surf shops are really quality. None that I know of anyway. Just branded chinese goods, usually. Good work on the salmon! I have 2 weeks of fishing coming up end of August and I'm pumped.


Kind_West7116

Thankyou for that, I will keep my eye out WES and BST


[deleted]

[удалено]


WillemDafondle

I'm renting in a particularly inflated suburb. I constantly get real estate spam, both in person and the letterbox. I've started just giving them each other's contact details. 'Oh mate, I'm too busy to chat right now but give us a call on *insert random agent's business card number here* because I'm definitely interested!' 😈


BuiltDifferant

It’s so low they knock and ask if you want to sell your house. They do it in Adelaide in the average areas. Good job I’m poor no knocks. Yet..


OddCan50

Someone called it correctly, our mysterious benefactor stopped handing out gold once the US market opened. Degenerate confirmed, one of us one of us! (Except their gambling addiction paid off with a big win)


Rlxkets

I want to learn to trade the US market now


OldMateHarry

Fucking just opened my portfolio and was confused why nothing was happening so refreshed it about 3 times before I realised today is Saturday. Maybe taking 2 weeks off work was a bad idea or maybe being totally disorientated as to what day it is is the goal.


ArrdB

Anyone know what caused the recent rally in Zip or Sezzle? I thought short covering maybe.


litres-of-cum

My new avatar has increased my social status immensely. Hope to be seeing some pimp new personas with all this premium going around.


anomaly256

please. so childish. \**cough*\*


yippikiyayay

Nice ram horns my dude. I got little ones.


Fruityboy

I just added bling to mine too. Nice.


Nevelo

NEWC about to be blazin’ it.


BuiltDifferant

You filthy coal devil 👿 I’ve only ever traded coal stocks on cmc based on coal futures. What are good entries for say NHC, WHC?


Webpage9

I'll just leave this here... ​ >Analysts at Goldman Sachs expect **Whitehaven to pay total dividends of 58 cents per share in FY 2022 on a dividend yield of 11.1 per cent based on a $5.20 share price.** > >Goldman expects Whitehaven to offer a free cashflow yield of 46 per cent as the miner delivers an additional $400 million share buyback announced in February 2021. > >**“They’ve basically repaid all their debt, they’re currently buying back shares because they don’t have any franking credits**,” said Mr Mills. “But they’re generating them now because they’re making profits. They should have used up all their tax losses, so they should start paying out pretty decent franked dividends.” > >Newcastle coal prices have soared since a pandemic-induced economic slowdown and environmental fears pushed the **average price** to **just $US64 a tonne in 2020**. In the six months to the **end of last year average prices rose to $US99 a tonne, before a vertiginous ascent to above $US400 in May.** > >[sauce](https://12ft.io/proxy?q=https%3A%2F%2Fwww.afr.com%2Fmarkets%2Fequity-markets%2Fsoaring-newcastle-coal-prices-lift-whitehaven-new-hope-20220601-p5aq4t) and it has pretty much hovered around $US400 ever since🤰🏾


nohorncap

I'll just leave this here: https://news.finclear.tradecentre.io/asx/document/20220705/02538732.pdf "Whitehaven Coal Limited (ASX:WHC) has been notified that a client of the Environmental Defenders Office (EDO), a probono law firm, has commenced judicial review proceedings in the NSW Land and Environment Court in respect of the State Significant Development Consent (Consent) which was granted for the Narrabri Stage 3 Extension Project by the NSW Independent Planning Commission (IPC) on 1 April 2022. **The proceedings are seeking to invalidate the Consent on climate change related grounds. The EDO's client in the proceedings is the Bushfire Survivors for Climate Action Incorporated. "** Guessing that's why the share price has taken a nosedive recently?


Webpage9

Nah, it's generally volatile - conventional thinking is the crazy high prices will fall, there's no future in coal, energy alternatives are around the corner. Shorters and traders are having a good ol time. Plus it shat the bed early this week with the general fall in commodity stocks with the spectre of recession talk. The legal action barely registers amongst all that 🤰🏾


BuiltDifferant

I wonder how long it’ll stay above $200 ?


Nevelo

🚂☁️☁️☁️\_\_\_\_\_\_\_\_\_\_\_\_\_\_🏫\_\_\_\_\_\_


Webpage9

surprise surprise, the doofus walks away from the twitter deal 🤰🏾


Triog0n

In theory if twitter can win the court case they can force him to go through with the aquisition. Since he has the money he will be forced to purchase at $54.20, so fingers crossed to twitter


Webpage9

Delicious 🤰🏾


BuiltDifferant

Not exactly the same as walking away from buying a second hand ford laser. He’s pretty much acting like it’s nothing haha. Wall streets jester.


anomaly256

Apparently they’re suing him for trying to quit the deal https://www.theverge.com/2022/7/8/23201004/twitter-to-sue-elon-musk-for-backing-out-of-merger


Sharp_Pride7092

Good news.


drail85

What was the scam dream before crypto? Telemarketing pennies maybe? 🤔


nohorncap

amway + avon. 💋


drail85

That was like home Tupperware sales but for make up?


nohorncap

Avon, yes. Huge in america, where some women did really well and ~~got themselves~~ were rewarded with pink cadillacs. I tell a lie - it was another cosmetics multi marketing company - Mary Kay, and that's how there was 100 pink cadillacs at Aretha Franklin's funeral: [https://qz.com/quartzy/1376114/the-story-behind-the-100-pink-cadillacs-at-aretha-franklins-funeral/](https://qz.com/quartzy/1376114/the-story-behind-the-100-pink-cadillacs-at-aretha-franklins-funeral/) edited to add: The [Aretha Franklin song with the pink cadillacs in it](https://www.youtube.com/watch?v=Ip_pjb5_fgA). Amway - cleaning stuff? I just remember someone coming to our house as a kid.


The_Bearjew_bottom

websites. tech companies in the 90s with a website were like alt-coins


anomaly256

Do you want to own an iconic bridge? [I’ve got a bridge to sell you](https://en.m.wikipedia.org/wiki/George_C._Parker) if you do


AntiCGT

Fad diets My current favourites are the crypto MLMs


drail85

Wait. There's a crypto mlm? Wow


kervio

There is indeed my friend, and the youtube mud flinging around it is exquisite.


teeedubb

Tulips


drail85

Had to google that. Wow 17th century. That's gotta be the pioneer of scams


eucalyptusmacrocarpa

It's not a scam if you're obsessed with the product


rhythm34

[MLM](https://youtu.be/JyKt8_ZLxUg)


drail85

😂 that was good 🏆 A pyramid Timeshare crypto coin would be the goat of scams. Could be onto something here


[deleted]

Time share houses were pretty scammy?


drail85

True. The old time shares


BuiltDifferant

You get a free meal if you got to a seminar🤡 No such thing as a free lunch some say~~


Triog0n

Spent last night feverishly trying to compare every JORC nickel resource on the ASX for companies whose priority project/business is nickel. Disclaimer I own zero nickel stocks, did it purely out of interest. Some decent points I am looking for is that most production Nickel mines on the ASX have at least a resource of 200,000t+ metal and the grades about 2%. 100,000t seems around minimum size if grades are high enough. I am excluding all laterite mines as well. Currently evaluating all the sub 100mil MC companies with a JORC to try find anything decent. It seems the ones with ok deposits like DKM or CNR are suffering at 25-30m MC due to being really far from anything so transport costs are a nightmare preventing a production decision. Seems like WIN has kept up its market cap due to deposit size at 10.2mt at 1.6% for 162kt so close to the 200kt and isn't super far from anything. But those grades are on the lower end so like PAN I would expect really high AISC compared to peers which just makes it look overpriced. So current overall feeling the up and comings with a JORC are they either have deposits way too small and low grade or decent but super far. Anyone found anything different or got a different perspective? Not sure what this means for new Nickel Sulphide mines in the pipeline from here.


trahsgodbeats

Check out the latest maiden drilling results from MRZ, looks promising and only a 20M MC


nohorncap

thoughts re: mines close to GAL on friday: [https://www.reddit.com/r/ASX\_Bets/comments/vtwm0r/comment/ifbhii0/?utm\_source=share&utm\_medium=web2x&context=3](https://www.reddit.com/r/ASX_Bets/comments/vtwm0r/comment/ifbhii0/?utm_source=share&utm_medium=web2x&context=3) and the charts last week for trading. https://imgur.com/a/uBGATzR/


Triog0n

Whether or not GAL hit something their association with next investor is the only write off I need. But to dive a but on why fundamentally I am not sold is that both GAL and LEG look fairly terrible on value for their market cap. 220mil and140mil respectively for an explorer seems like awful risk return to me. When MAN was exploring and peak hype in Julimar it was like 40mil MC this is next level. Even if they hit enough good grade material to prove an economic mine, one must ask themself how many years for them to prove that resource and how many cap raises before even considering environmental approval and production. At their current market cap I'd almost expect a significant sell off post assay release. For comparison GAL (220) is currently worth more on paper than WIN (77m), LM8 (77m), DKM (32m) and CNR (25m) to aquire across Australia for a total of 429,000t of contained nickel metal for just GAL. 200% minimum upside for of those companies to just GALs market cap and they are all further advanced. Regardless these two are aiming to become PGE producers and long term I see a significant headwind on Platinum and Palladium prices as demand for new catalytic converters falls with the rise of EVs. Palladium is like 90% automative industry.


nohorncap

I haven't done this, but guessing if you go through all the mark creasy (retired mill/bill?ionnaire miner) investments, you should strike nickel: [https://www.reddit.com/r/ASX\_Bets/comments/vq633e/comment/ienrvji/?utm\_source=share&utm\_medium=web2x&context=3](https://www.reddit.com/r/ASX_Bets/comments/vq633e/comment/ienrvji/?utm_source=share&utm_medium=web2x&context=3) There's the previously mentioned GAL, LEG (but it looks tiny) and many others...


nohorncap

List of nickel miners on stockhead: https://stockhead.com.au/resources/nickel-prices-are-centre-stage-right-now-here-are-the-asx-producers-and-the-near-term-players/ I've been doing a little research, and what I'm finding is that if it's a nickel mine, they're going to smartly go for battery metals: nickel, copper, cobalt. That's echoed here: https://www.ga.gov.au/education/classroom-resources/minerals-energy/australian-mineral-facts/nickel In some deposits the Ni is associated with concentrations of platinum-group elements (PGEs) and copper, which increase the value of the nickel ore deposits. Because you haven't mentioned them, a couple for you to check out: GAL: perhaps bigger than what you're looking for, just did another cap raise, 2 trading halt of the week, should be out tuesday. In the article above with share price at 21 cents. Former founder Mark Creasy just bought additional shares wholesale at $1.21 whilst they're around $1.29 for the great unwashed, and have gone over 1.80 this year. https://www.google.com/search?q=gal%3A+asx NIC: Nico bought out the nickel component of tin miner MLX: https://www.google.com/search?q=nc1%3A+asx


Any-Juggernaut972

Have you had a look at AOU Auroch Minerals? Here is a link to their latest update. Not a huge resource at the moment but growth looks promising and very close to existing operational processing facilities.. https://cdn-api.markitdigital.com/apiman-gateway/CommSec/commsec-node-api/1.0/event/document/1410-02539669-3QO7QPU0DJ42QUAQEIDOIVEJ72/pdf?access\_token=0007i69cdLKDF9TgpFsis0SrB33c Auroch Managing Director Aidan Platel commented: “We are extremely encouraged with the initial results from the metallurgical testwork at Saints. The tests have shown that the sulphide mineralisation at both Saint Patricks and Saint Andrews can produce a very clean, high-grade nickel-copper-cobalt concentrate with excellent Fe:MgO ratios, which would make it a desirable ore source for any nickel sulphide beneficiation facility in the region. We are also pleased to have commenced work on upgrading the MRE at Saints. These two work streams will provide critical inputs into the Saints Scoping Study and, importantly, will result in a higher level of confidence in our financial modelling of the potential underground mining scenario at Saints. We look forward to the results of this work and to finalising the Scoping Study later this quarter.”


Triog0n

1.05Mt @ 2.0% Ni and 0.2% Cu for 21,400 ni is the resource for Saints. I don't think thats big enough for production by a long shot since the players like DKM are 32m MC with a 87,000t deposit at a higher nieq grade. so 4x the resource for much higher cash balance for 7m more mc. I think its fine to do a scoping study but personally I believe they need to grow that resource 4-5x minimum before looking at something like that.


Any-Juggernaut972

Thanks for that, DKM does look good. I'll take a closer look for sure.


shutterbug87

I looked at CTM earlier this year. I held for a little bit on the bounce post CR. From memory it had quite a sizeable JORC and a lot of funds. Located in a semi riskier jurisdiction of Brazil. Now Suffering the same fate as all my remaining speccy explorers so it might be worth a relook soon. Edit: just looked at the market cap still in excess of $300 mill but is certainly further down the development track then a lot of others I had looked at .


Triog0n

Yeah CTM have a very large deposit but its lower grade and they used a lower cutoff for some parts than I'd have liked. Definetly the furthest down the track than most I looked. Definetly not keen for a .3% open pit cutoff and a .7% underground. Would like at least 1%


BuiltDifferant

What’s the interest in nickel? From a battery perspective or steel making. Most nickel is used in steel making which might be slowing down with china.


Triog0n

Good nickel depsoits are hard to find and hard to do well. If you can find the right deposit and explore it up there is a lot of good money in producing a Nickel Sulphide


nohorncap

Keep your eyes peeled tuesday for the assay results for GAL :) Here's hoping ;)


nohorncap

Batteries: Here's your graph: https://smallcaps.com.au/wp-content/uploads/2017/12/Metal-winners-electric-vehicle-demand-over-time.jpg article: https://smallcaps.com.au/which-metals-benefit-lithium-ion-battery-boom/


BuiltDifferant

Just had a good read. Has to be high grade nickel for batteries. Current nickel production for batteries is 5% of all nickel mined. They basically need 600% increase in high grade nickel production by 2030


nohorncap

There was a convo about this in the copper thread. Manganese, is where we need 9 times the current amount mined. https://www.reddit.com/r/ASX\_Bets/comments/vq633e/comment/ienrvji/?utm\_source=share&utm\_medium=web2x&context=3


Fish-n-chups

Did you stumble across NC1 in your travels?


Triog0n

Laterite deposit so I avoided.


poptartape

Yeah LM8 should be a winner in nickel. Have a squiz. I’m not holding currently.


Triog0n

LM8 have a decent location 25km from the nickel west concetrator and a very nice grade but their resource is hella small. Its 2.2mt @ 2.9% for 64,300t NI. I’d like to see that resource double at least if not triple if LM8 want to replicate the sort of business that MCR have. MCR are 824m MC so roughly 10x LM8 who are 76m MC but MCR have a resource of 5.2mt at 3.8% for 199,000t NI. So if they can put in the work and if the tenament has the goods they could be worth quite a bit, but them VS WIN is just trading grade for resource size rn.


poptartape

Yeah it will be interesting to see how much they grow the resource. If they ever de water the old mine and shit.


Butter-Brain

First time back in casino after years just to lose $400, more thrill gambling on holes next to liars. And wtf is this challenge BJ bs. DYORIMOHDOL


OldMateHarry

BJ challenge - You lose on standoff with the dealer. Blackjack pays 2-1 instead of 3-2. Also if you have blackjack when the dealer has blackjack you can get different (better) payouts. You can double on any two or three card total (instead of only 9, 10, 11) and you can split twice instead of once. That's the basic differences.


Alkazard

I read an article saying Russia has 922billion in foreign currency and gold but can't access it due to the sanctions. I believe they are funnelling it in to the reddit awards here.


[deleted]

Which is why the US dollar and Swift are being bypassed with a new system. The countries setting this up BRICS and others account for roughly 40% of worlds GDP. MSM news are even acknowledging the sanctions have backfired.


mechengguy93

Man this isn't the golden shower that I signed up for.


emzeewye

Whats with the golden showers?


[deleted]

brown showers


Effective-Control585

Just got back from the Swannies game. What a win. Also I dodged a bullit. Sorry poo love your work 😭 https://www.reddit.com/r/ASX_Bets/comments/vov80m/tem/?utm_source=share&utm_medium=ios_app&utm_name=iossmf


PopularMoose6466

I don’t want a gold award


PopularMoose6466

Well that didn't work out at all like I hoped it would


shitredditsays01

🥉


mezdawg69

What does reddit gold do ?


Nevelo

About the same as real gold these days.


Calm_Lengths

At least reddit gold keeps value, unlike gold shitting itself... Just want it back to 1800


GeoSciFi

Au down, Cu up, Li flat, the market is a fickle beast...