T O P
Far_Unit9020

5% up today, thanks mostly to LTR


Razorzej

Yeah baby


Iuvenesco

MAY: “our shits covered in oil” - market sells off. 😩


ChampionTight853

Also MAY: We have billions of barrels of oil. Market: Sell! 😱😱😱👎🔻


NoDuffTrading

No one likes delays


A_Anderson151

But I want my oil now!


NoDuffTrading

Yes same


OddCan50

Isn’t this overall positive for MAY Sure drilling stopping due to stuck bit sucks but they have early signs of oil?


NoDuffTrading

Yes oil is good especially that high up but there’s a chance they will keep getting stuck and have to abandoned that hole and re start the well if they make a mess of it


A_Anderson151

At this point the market wants to know if MAY can get the oil out of the ground and when they're going to do it. We know they have oil, now tell us when they're going to start pumping it out and selling it


Crumpy88

4% up on a Monday. I definitely hadn’t priced that in


rob2victory

Now we know who's buying the chicken tendies tonight! 🍗🍗🍗


Crumpy88

Fun fact: I just came back from coles, where I found $5 in the car park


OddCan50

“Found” $5 in the car park …on your knees


Instantly-Regret

The prosecution rests your honour


yothuyindi

Looking strongly at DDH, looks extremely undervalued and announced they're about to commence a share buyback to re-buy 10% of shares yet the share price hasn't really moved 🤔 also considering adding ASG, seeing as APE (lol) in the same sector just exceeded guidance and has turned the corner ever since


El_Nuto

Dis you get ddh


El_Nuto

Please tell me you bought


El_Nuto

Stumbled upon DDT by accident and researched it while thinking it was the one you mentioned. DDT has a market cap of 6 million and a net asset position of 10 million as of last financials. Interesting lol. A PE ratio of 1 but it's misleading as they got a large R and D tax refund. Might punt on that too lol.


eucalyptusmacrocarpa

Also I heard that DDT builds up and collects into larger and larger amounts, that can only be good right?


El_Nuto

That's interesting re DDH. So clearly they believe the share price is undervalued and by buying back they be raising the share price too. Definitely worth a punt I might back that in for a few thou


yothuyindi

not a typical ASX\_Bets pick as they are very profitable, and the mining services sector doesn't get a lot of love, but when I see raw $ figures that strong it always draws my eyeballs 👀


Instantly-Regret

Fuck dude. Had a look for the past half an hour. I'm keen, especially in this market


Known_Signature7341

Thanks for mentioning it


sneakycutler

Ended day: 1.34% (vs 1.23% market) Red was MAY, GT1 Everything else green.


enigmaticbeardyman

2.2% thanks to PDL. still down a tonne but damn a green day feels goooooood.


sneakycutler

Everyone’s a tonne down. Dont fret 😝


enigmaticbeardyman

No fretting here mate. Staying the course and buying some more in the coming week/s. Had a few divvies pay out today so some stock shopping coming up.


TheCowardMcCall

Barry was kind to BRN today... I'm ALLLLLMOST back to my purchase price lol


sneakycutler

I dont follow BRN developments. What was the catalyst?


TheCowardMcCall

No announcement. Just jumped 10% 🤷‍♂️


Far_Unit9020

BRN SP movements defy all logic, sometime I reckon traders just push it up hoping others will push it higher


sneakycutler

We talkin about LKE?


rob2victory

BRN is in the Hall of Fame for Meme stocks. I adore it greatly.


Far_Unit9020

Absolutely. I don't know of a bigger meme stock.


hgttg

Bloody IXR, all day green and dumps back to grey at 4:10


WeatherOutside

It was you-know-who’s fault…. B A R R Y


Calm_Lengths

channeling VML of old?


dynamic_cubemap

Learnt from the best


HarryChives

Sorry if this topic has been discussed to death. But IF IVZ finds gas, given the recent resource upgrade, what kind of valuation/share price might be reasonable. Kind of hoping for some semi educated guesses mixed in with the cocksure hopium


KrondorMocker

>IF \^


Ok-Penalty-7046

If they find gas and make it to production you will make a lot of money. But we are talking years down the track, it's possible they become a multi billion dollar market cap but everything has to go well for that to happen. Just focus on if you can afford to hold ivz , the risk is a lot higher than people realise , don't listen to HotCopper make your own decision at the end of the day. If they ran to 1 billion market cap before the drill hits the ground though I'll be selling my pile it's as simple as that.


HarryChives

So between $1.40 and $20 a share. Nnnnnnnice


A_Anderson151

I'm definitely on the less-educated side when it comes to this but there are so many factors at play that I think it does make it a tad hard to add a value to. If you go by the PAC partners report, I believe their estimation had the SP at $1.42 upon successful drilling of the first well prospect (find the report to confirm I have this correct). The market still needs to know what % is being farmed out & what cut the government will take following success which will also be a factor. Personally, if the shallow horizons show signs of gas, I think the SP will spike as the market will assume/hope the deeper sections are just as gassy. Though this doesn't guarantee that the gas will be commercially viable. A good example of this is MAY. Upon discovery of oil, the SP went to 20c before falling back sub 10c. Now they need to prove it up.


lostdollar

I was down voted for my hopium post. In the PAC Partners report with the unrisked valuation of $1.42 assumed a total resource size of 2.5tcf of gas [Screenshot of PAC Partners ](https://i.ibb.co/kHwCzYn/Screenshot-20220718-144544.png) The last line "Our valuation of IVZ includes two gas projects with associated liquids; a 1.5TCF project plus a further 1.0 TCF develpment." Just some context for people.


lostdollar

From what I can gather, and I'm new to OG stocks, 1tcf of gas equates to about $1bil of market cap. So let's get the hopium out and assume that IVZ finds the 20TCF and proves it all up, a 20bil market cap with circa 700mil shares ~~=~$28.5 per share~~. (Edit - they own 80% of the resource, the government will get their cut, so maybe more around the $18-20 a share) Then you can add on the value of any condensate, other prospects they are going to drill. So even if they find a fraction of the estimated resource, still looking at $$ Or they find water and it all goes tits up, but this is asx_bets after all and I like this bet.


teeedubb

I'd be happy with $10 a share


poimnas

I don’t know much, but I know IVZ will not be a 100-bagger if it finds gas.


lostdollar

He asked for a hopium take, depends on how much gas they find. [Screenshot of PAC Partners ](https://i.ibb.co/kHwCzYn/Screenshot-20220718-144544.png) The last line "Our valuation of IVZ includes two gas projects with associated liquids; a 1.5TCF project plus a further 1.0 TCF develpment." So on the very small chance they find the estimated resource (very unlikely) it will be worth a lot


poimnas

You don’t prove 20TCF with one well.


lostdollar

>You don’t prove 20TCF with one well. No where did I say that. I'm not saying they'll be worth that come August if they find gas on the first drill. Just the potential long term if the numbers work out.


poimnas

1. OP asked for a reasonable estimate of the SP if IVZ finds gas. Not a hopium take. 2. Yes. It could have 20TCF. That will take years and multiple wells to prove. That is called developing their asset. Finding gas is encountering gas in this well this year.


sneakycutler

After downing these tacos, motherfucker im about to find gas and be the sole provider for the Asia-Pacific


anomaly256

Fuck I want tacos


destined2bepoor

Apparently Canberra wants to ban new petrol vehicles by 2035. They'd wanna get that infrastructure sorted pretty fucking quick then.


[deleted]

[удалено]


destined2bepoor

You would like to think so. But I have zero confidence in either political party to get their shit together and make it happen


kangaroute

sadly, what "canberra wants" doesnt always go to plan,eh? sounds like political lies to secure certain votes


erala

Sounds like the ACT Gov announcing ACT policy being misinterpreted by knee jerk reactionaries online


anomaly256

Don't worry you can almost make it from Canberra to a fast charger in Sydney in a single trip


sneakycutler

UK already has it in law by 2030. No biggie


Massive_Button9434

They’ve already built lots of highways that you can ride your bike on


tragicnostalgic

Anyone done any DD on DRO? I blindly bought a small parcel today and wanna know how bad I screwed up


[deleted]

[удалено]


AutoModerator

This isn't being deleted(yet), but we suggest trying harder next time. *I am a bot, and this action was performed automatically. Please [contact the moderators of this subreddit](/message/compose/?to=/r/ASX_Bets) if you have any questions or concerns.*


[deleted]

[удалено]


GeoSciFi

58% for me, only because my copper speccy farked me hard over the last 3 months...


Triog0n

Still bullish on HCH? They've dropped quite a bit but not from any company decision I can see


GeoSciFi

The company reduced drill rigs onsite, from 3 to 2 supposedly to reduce cash burn, but pushed back the release of a significant PFS another 6 months. I don't think management have stuck to a single deadline these past three years, so the market hasn't reacted favourably, as can be expected. The HC threads are a nightmare of arguments and infighting between traders, investors and morons...


Triog0n

That seems a bit rough. Slow management is a killer. I've been very tempted many times over since I feel like once they get the PFS out and a few other documents they are probably in for a decent takeover offer from Glencore. I'd have to break a rule about investing in a company with management that aren't proactive which is not ideal. I had the same issue with RXM decent enough deposit at hillside but management just so slow.


GeoSciFi

u/Triog0n new announcement from HCH out today, with this line in bold: "*Approximately A$22 million in cash, one drill rig in operation and fully funded into late 2023 following cost rationalisation initiatives*"


Triog0n

ugh that sounds good but in reality it just means less drilling news flow and less resource development. I mean eventually they have to raise a looot of money for CAPEX so they might as well spend what they have now haha. I might just have to wait to pull the trigger, which sucks cause I havn't bought anything in months.


GeoSciFi

Lots of assays already outstanding, and yes less deep holes to be drilled over the next year, so the PFS should be out prior to the next CR. Anyhow, HCH needs buying from the T20 level to move the SP needle, so you can likely take your time. ;)


Massive_Button9434

Lithium is 90% of mine, keep buying


-DannyDorito-

10% left my brother, pump those rookie numbers up. 100% or nothing


[deleted]

[удалено]


sneakycutler

PLS isnt a speccy, so …


GeoSciFi

It was when I first bought 3 years ago, wish I'd dumped all my cash into PLS at the time as I could retire now!


destined2bepoor

If we ever see $10/ share, I'll be close to retired. Well comfortable anyway


sneakycutler

Damn nice! Have you considered holding for the future divs?


GeoSciFi

Of course, I've doubled my holding over the last 3 months.


nohorncap

\*high fives\* I don't have that kind of weighting, and probably cross over to the dark side of MIN + AKE, but ❤️ PLS ❤️.


destined2bepoor

If PLS ever gets to AKE's Share price. I'll retire in an instant


GeoSciFi

Wowsers, so if PLS hits $10/share you'll have enough cash to retire, how many do you currently hold!? 😳


destined2bepoor

Yeh including everything else, portfolio,cash,etc plus I sold my investment property a while back. If PLS hits $10/share, it'd help me get to that comfortable stage to wind down. Nothing else I hold I could reasonably expect to grow that much over the next 5 years, so I'm pinning my hopes on it haha


GeoSciFi

Doing well mate, maybe not destined to be poor after all! ;)


destined2bepoor

I hope so mate. I don't think something like that would ever happen for me in reality but fingers crossed and you've gotta have a crack, right? I hope it rockets for you mate and we can both chuck our jobs in!


rob2victory

Be funny if the other 51% of your portfolio was LKE. 🤣


[deleted]

[удалено]


cohex

You spend a lot of time here considering your lack of speccie portfolio.


[deleted]

[удалено]


cohex

This sub has good banter, definitely the most interactive one I've ever really been on.


rob2victory

Any love on her for CPV still? I want to take my coal profits and invest in some renewables for the memes.


NearSightedGiraffe

I like CPV. Currently down 8% on it, and I do think they have a lot of headwind, particularly as we prepare for a recession but I do think their product is the right type to get traction with Governments, Univerities and major businesses looking to boost their green credentials, and that is only going to grow over the next decade.


sneakycutler

A very much green-grey split for me today. Same for everyone else?


Sid_Arthur

Hell no, still deep in the red lmao


elephant_lion_same

IMU Hot. Af. 🔥


lionsforlambos

Closing at 26.5, beautiful stuff Nice CFO announcement this morning, wonder if that means m&a talks are imminent?


Calm_Lengths

What a run, will we see it continue through 28c?🤔


sneakycutler

Its alright … BRN around 11% atm


SweetHomeStonk

ivz just had a nice little run 👀


SometimesIAmCorrect

I can hear excited whale noises in the distance…


DX6734D

Damn, just finished my tax return. Realised capital gains of $145k and capital losses of $165k for the year. Impressive given I don't even have about $80k in equity.


sneakycutler

You mean $80k in cash?


DX6734D

Nah equity as in the financial term, i.e. money remaining after debts paid off. It is kinda of confusing as I've got both a personal loan and margin loan. So whilst I have approx. $80k in equity, I have up to $140k available to invest and about $100k of that is in cash.


sneakycutler

The english word “equity” is inherently confusing since there’s multiple definitions even within the same … context/industrylol Equity as in shares. Equity used in an accounting balance sheet (or is that the income statement) Equity in terms of the what you paid for your property vs what it’s worth currently I could go on ..


Dancingbeavers

The entire English language is inherently confusing.


eucalyptusmacrocarpa

One goose, two geese. One moose, two moose. One mouse, two mice. One foot, two feet. One boot, two boots.


sneakycutler

I honestly feel sorry for English language learners … i still havent got a 100% command on it and english is supposed to be the cornerstone of my job lol (when i read legal judgements sometimes I feel like im just reading random english words. My head hurts and i cri)


maybethough

Balance sheet yeah (re doubt in your second point)


rob2victory

One of us!


[deleted]

[удалено]


DX6734D

notice me senpai


[deleted]

[удалено]


DX6734D

Seems more legit than the majority of my other investments.


HiVisEngineer

All those sweet sweet capital losses to carry forward


DX6734D

It is basically free money when you say it like that.


Sea_Abbreviations731

I had a similar loss but with $1k realised capital gains 💪


GeoSciFi

Jacked to the tits!


Hypertrollz

I just want my lambo and 20,000% rocket is that too much to ask for?


[deleted]

Sorry sir


Hypertrollz

Can I speak with the manager? This is not the experience I was hoping for.


Neither_Pea_5305

Karen Marsh? Is that you?


Hypertrollz

Nope that's my life coach, do you train under her too?


NearSightedGiraffe

I get so caught up looking at the daily change and overall portfolio change that I don't often check the individual stock all time gain/ loss. Portfolio is 25% down overall, after I made most of my investments in Octaat year. BRN is my only truly green stock. Technically some, like BHP, would be green if you include dividend value in addition to current share value, but that was still a sobering check. Oh well- most of the investments are long term holds anyway


88xeeetard

Ah the old 'most of the investments are long term holds anyway' AKA the 3rd stage of sharemarket grief.


NearSightedGiraffe

Yeah- I have taken some gains when they were to be had and end of June I sold a fee dogs to lock in the losses... but the kast 3 months has definitely turned some people looking for a quick $$ into 'long term holders'


rob2victory

It okay we are just in a period of averaging down on our investments. Topping up on VDHG at a bargain. Stonks only go up over time! 🤣


HMS--Beagle

Hey mods can i make bets based of U.S price movement? Or is that just retarded given this is ASX_Bets?


Hypertrollz

What, the ASX not good enough for you?


username-taken82

Eh, it’s a slow news day… Go ahead


HMS--Beagle

If BAC touches $34 at any point tonight i’ll make a donation to the Australian Wildlife Conservancy Edit: i’ll make it $30k


Wannaliveinpenthouse

Are u loaded up with call options betting the earnings? My friend


HMS--Beagle

Yeah. Day traded some 22/7 expiries Friday, took profits but held some contracts through the weekend. Gambling money.


litres-of-cum

How many contracts and what strike?


HMS--Beagle

800 $33


Wannaliveinpenthouse

This is the way Godspeed


litres-of-cum

REEEEEEEEEEE


Sea_Abbreviations731

I fkn hope so my average is $37 😅


username-taken82

Sold.


Calm_Lengths

u/mcfucking u/username-taken82?


kegabb

So what are people's general thoughts on oil? Are we gonna see another big up trend back to 120 and beyond? Or is biden somehow going to miraculously make some political deals and drive the price down?


kegabb

Thank you for your very informative responses everyone. No one said "not financial advice" so I have just sold my house and invested in olive oil


Webpage9

good. olive oil is the king of oils. stay the hell away from seed and vegetable oils. 🤰🏾


nohorncap

It's the secret to a great foccacia - pile that olive oil on: https://www.saltfatacidheat.com/fat/ligurian-focaccia


username-taken82

Can confirm. Eating a focaccia for lunch as we speak (type)


kegabb

Excellent.


Hypertrollz

Would be nice to have some lubricating my anus the way markets are treating my portfolio these days.


eternaloptimist__

A little in the pan prevents the butter from burning when sautéing aromatics. Really allows you to build a nice rich flavour base for things like risotto, pasta sauces, soups.


Butter-Brain

The amount of oil you need each day is different for everyone. The average adult needs about 2,000 calories per day. In a 2,000 calorie diet, women can have 5 to 6 teaspoons of oil a day. Men can have 6 to 7 teaspoons.


Texas_Tom

I sometimes wonder where vegetable oil comes from. What type of plant has oil in it like that? Crazy world we live in


DrizzyDradle

"Vegetable Oil" is usually sourced from sunflower or canola or both. And it's terrible for you


Texas_Tom

Lol your not supposed to eat it! It's for lubricating your car engine!


DrizzyDradle

Much better!


TheSunflowerSeeds

When sunflower seeds are sprouted, their plant compounds increase. Sprouting also reduces factors that can interfere with mineral absorption. You can buy sprouted, dried sunflower seeds online or in some stores.


DrizzyDradle

Good bot


B0tRank

Thank you, DrizzyDradle, for voting on TheSunflowerSeeds. This bot wants to find the best and worst bots on Reddit. [You can view results here](https://botrank.pastimes.eu/). *** ^(Even if I don't reply to your comment, I'm still listening for votes. Check the webpage to see if your vote registered!)


poptartape

I think they mix a bunch together


yothuyindi

I have read numerous different Hotcrapper sub-forums and thousands of terrible individual posts over the years... ... but the guy on the NHC one saying "The Greens started the war in Ukraine" might take the cake for dumbest thing I've ever read


Far_Unit9020

HC posts are often despairingly cringe, but their 'political forums' are next level. If you ever find yourself down at those depths, it's time to step away from the keyboard for a while.


Webpage9

the HC coal threads have some really great contributors with deep knowledge, but almost all of them get triggered by an autistic Swedish teenager and think the climate is always changing so no big deal 🤰🏾


rhythm34

Yeah the political views of your averaged hc boomer are cooked (like they've cooked our planet lol) just been having a read >Green ideology is the most toxic ideology the world has ever seen hard to argue that without eventually Godwinning yourself. Check-mate to HC boomer.


HiVisEngineer

Blaming the greens for toxic ideology (healthy planet, dental in healthcare, better distribution of wealth, to name a couple things) is wild projection, given their “totally not toxic” ideology (fuck the environment, fuck health care, fuck women, fuck the poors, fuck refugees)


goonbagscoundrel

..they're fucking great arent they? Somebody told me yesterday Australia is a Christian nation and we should ban abortions like those ghoulish cunts in the GOP did in yankeeland. These types of Australians are treacherous scum and should be aborted from my secular comfort zone. I sometimes want to invest in the nuclear reset.


cameltrowe

Wait.. so your telling me the greens DIDNT start the war in Ukraine?!!!


Denominator_K

Are they just on a totally different level of trolling....so advanced in their trolling only they can comprehend? I hope so.


yothuyindi

HC boomers aren't familiar with the concepts of trolling or sarcasm, they take everything 100% literally


WeatherOutside

Those boomers literally do own trucks and back them up. I’ve seen em late at night under a full moon.


Ok-Penalty-7046

Oh false alarm lunch break is over , ivz is running now


Dude_Chucks

Oh Stinky, insert “too soon junior” meme here


Butter-Brain

I was wondering why I was suddenly down less, go you good dog!


infernaltuv

Run baby run


EMHURLEY

Fuck Motley is spruiking coal, the top is in boys!


Mast3rfinish25

Did you see White haven coals earnings report? Their total combined turnover was the same as the companies market cap 😂. They are going to pay like a 20% dividend I reckon, wish I got on them early.. ahh!


stonefree251

My green is accelerating... this is unfamiliar.


Sufficient_Guess2732

VML to close grey or I will take a week in Chazzas concentration camp. u/mcfucking


username-taken82

Ouch. That damn green.. Bans post isn’t till Friday week, so you have a bit of time still…


Sufficient_Guess2732

👍


username-taken82

Sold. Got this u/mcfucking


mcfucking

🙏


Calm_Lengths

I'll take the opposite side of this u/mcfucking \- i would like a freaking win for once with VML...


Sid_Arthur

I'll be rooting for you


Calm_Lengths

Barry heard our cries for a green finish!


username-taken82

Sold. Got this u/mcfucking


mcfucking

🙏


cameltrowe

I’m gonna need a pump to get me up and about again. Shits boring


destined2bepoor

Only 100 comments in the daily to near 2pm. I wonder what the lowest daily( weekday) comments here would be?


rob2victory

42


goonbagscoundrel

Moved my buy order up. Again. I don't see the ol gal dropping below 20 cents :/


Massive_Button9434

Just some lunchtime reading on DLE. Not a brand new article. But a good read. https://jpt.spe.org/direct-lithium-extraction-a-21st-century-dot-com-boom-or-bust


lionsforlambos

LTR up and about 👀


Calm_Lengths

u/lionsforlambos \- can't believe IMU is still holding up so well and even turned green for a short while today, was totally expecting it to drop back below 24c to test the support...


lionsforlambos

Yeah me too mate, fully expected a retrace to 21/22 but so far so good!


Calm_Lengths

Wow, are we going to break out to 28c? looks like we're retesting 26c resistance