T O P
I_AmYeti

LKE continuing to go down, glad I didn't buy into that


rsoule878

Zapato drill update $$ What have you got there MAY$$ More rocks


Polite_Jello_377

ASN CR: $45m at 36c


Kind_West7116

I'm new at this, does this mean it will open at 36c on Monday if it is a capital raise


Polite_Jello_377

No, there are new shares issued directly to the participants at 36c. Mondays open is anyones guess, subject to regular market forces


Kind_West7116

Oh ok I'm always unsure of these things and thankyou for getting back to me


kervio

CPN announcement looks good... but I have been burned before...


Riskytraderrob85

ASN cap raise - not unexpected and can't blame them after the recent run up.. hoping to be able to buy back in for a princely sum


scorpio_

Ayooo it's ASN cap raise time


rattled1315

Thought they may have released some more results prior. But that’s show biz baby


Polite_Jello_377

Honestly surprised it’s taken this long


JSwyft

I thought they might let it consolidate until the end of September, but 15 working days at that 25c+ level might be enough for the VWAP I suppose. Now let's see their intent: is it closer to a 5% or 15% raise? Hopefully someone has access to the sheet & posts it on HC.


Polite_Jello_377

$45m at 36c


JSwyft

Has Richardson suddenly come to life? After a few years of bumbling, he's on a streak right now. Good to see.


Polite_Jello_377

I’m looking out for the terms but hasn’t shown up on any of my 708 sites yet


scorpio_

Same. Although they managed to get the SP running pretty nicely, interested to see the discount.


Polite_Jello_377

ASN CR finally hits


Niemz

Anyone know why BHP and RIO down hugely in pre-market? Edit: both green now, bruh 💀


coastie_trader

Just got off phone to ASX. Threy said check again at 10.00am and all will make sense. that’s all.


DX6734D

It's pre-market, things don't make sense


Synkronicity

Yeah just saw the indicative open prices. Weird


Niemz

Even FMG and Woodside down in pre market, despite iron ore and crude oil up overnight, very strange indeed. Edit: Woodside now green lmao


DX6734D

BHP now green too. Pre-markets mean *nothing.*


Niemz

I was lowkey keen to see them open hugely red and add to both positions at a discount.


Helicoptersphere69

TOY at good buying levels I reckon


BullPush

MLS watch for a big breakout from here been churning volume for weeks in the 5’s, $17mil in cash due for a pump HHR watch for retest of 5’s in the right sector gas MEK assays due anyday, corrected from recent high of 9.2 ready for another run on good results


Mutated_Cunt

[We regret to advise our website is currently out of action.](https://twitter.com/lake_resources/status/1570037390353502209) Who the fuck are they "advising" LOL. Website is still down btw.


Polite_Jello_377

Also they should have said that they were pleased to announce newly discovered cost saving measures 😄


Polite_Jello_377

Ok I was defending them initially. I work in tech, websites go down, especially when they aren’t core to your business. But it shouldn’t take more than a day to resolve.


Mutated_Cunt

Don't worry, they still managed to shill a new paid report with a price target of $2.54, company is working as intended.


Polite_Jello_377

Yeah that pump report coming out just before they announced the beef with Lilac was classic Steve.


yothuyindi

what an amateur-hour company, jesus 🤡


Polite_Jello_377

Steve must have taken the admin password with him 😂


_MUKLUK_

User 'guest' Password 'guest'


Polite_Jello_377

admin/steveznuts


Calm_Lengths

Is not it scam dream?


Qwertyiantne

Might have a lil top up of VML today whilst it’s in the shitter.


Thurstenburg

I'm so tempted... It's a constant battle of "Do I actually need savings...?"


imapassenger1

I'm still getting over the fact I finished 0.22% up yesterday after being nearly 5% down early on. IXR and RNU saved my macon.


SolitaryBee

-8.2% to -0.2% was my wild ride.


AltruisticCurtains

Mmmm...macon.


danielbee94

PNM got the mining license awarded. lined a few solomon pockets on the way and hopefully lining mining soon.


brewbenbrook

Coal 🪨


AltruisticCurtains

So quiet. ASX to edge up. Smile.


madDcent

My main holdings are RNU and LKE so I’m feeling a bit bipolar today


goraxmac

LKE are pushing to get shit done though, has to account for something?


maxon41

LKE is a bin stock


Money-Storm-5270

would be more reassuring if they could at least push to keep their website online


Interesting-Ear7427

Gonna fomo in to rnu today, wish me luck


tassiboy42069

All this RNU sidetalk has got me hard


brylez

Im holding rnu since 6c. 3$ by december i tell ya


InterestingShow1112

Nice - I’m so close to being back at 200% too 🚀


hhjhjkhjkl

$10 by december


I_AmYeti

That's a bet


poptartape

God speed


Biggunzmcgeee

Did that yesterday lol


Particular_Love_8811

Just like the paint on the kitchen walls, that's a flat finish.


Hawkins782

Should at least have low sheen easier to clean


poptartape

Who cleans their walls?


wallyone123

Yeh just paint over the blood 👀


wallyone123

Yeh just paint over the blood 👀


Particular_Love_8811

Looks like we get to do it all over again.🔥


Particular_Love_8811

Has a US rail strike been priced in?


w-j1m

MEI currently has a market cap of \~$21.5m (AUD) announced they are getting pretty close to closing out the sale of their brazilian project for 20M USD (about 29M AUD), with the payments due $2.5m USD on completion (expected this month) and $17.5m USD in Jan-23. the brazil project has a mineral resource of 1.9mt @ 6.2g/t = 387k oz, so the transaction values it at $51.8USD/oz, pretty high value for a pretty average asset. tried to look into the acquiring company (alchemist investments inc and keystone resourced ltd) but couldn't find anything. they are reported to be seychelles incorporated entities with a track record of "successful mining investment" - hmmmmmmmm. the closing of the transaction has already been pushed back 1 month (from end Aug to end Sep). MEI probably has about $1m USD in cash plus an australian gold project with 357k oz resource at 0.8g/t cut-off, 139k oz of which is indicated resource. assuming $20usd/oz for the indicated in-situ gold that project is potentially worth about $2.78m USD. so if you add up the potential value of all their assets including the brazil project sale proceeds this company should be worth about $23.78m USD or $35.5m AUD, indicating a discount of \~39% to the market cap. however can't shake the feeling that the sale will fall over given MEI was one of tolga's many exploration investments (very pumpy history) and i am personally of the view that tolga is a dodgy fucker. this transaction could just be a way for long time bag holders to exit, but the upside is ok if you take a view that the sale will definitely complete coz of the current discount and u can fully expect MEI will use the cash to acquire a new lithium/green energy related project and get pumped to the sky (once again). when i was a young risk taker i wouldve definitely thrown some cash i could afford to 100% lose at this fucker but now, i dunno. thanks for coming to my ted talk


InterestingShow1112

I am no TA expert, but it does look like it wants to pump again. MC price looks right and low assuming the deal does happen, which does seem like its almost there.Plus, a quick read over HC for DD seems like it's positive.Getting in with a low of 0.011 would be nice.Im still holding ASO - so that link to him holding \~8% makes me think twice, but it does mean there is a decent interest for it to rise. Edit - Maybe more than 8% [https://twitter.com/stockswami/status/1374473939070558214?s=20&t=nTxRvKAcmzDofuUvIhrOjQ](https://twitter.com/stockswami/status/1374473939070558214?s=20&t=nTxRvKAcmzDofuUvIhrOjQ)


sneakycutler

Sir, this is a Wendy’s


Markma1989

I always feel happy when I imagine the day when sp500 hits 10k points. How much money would I have. I’m 33 years old, hopefully I can see that happen before I die. Haha


litres-of-cum

I feel happy when i imagine you feeling happy mark x


Markma1989

I’m gonna make myself happy and then go to sleep, it’s my daily routine. Good for health


Meaty0gre

Boring etf I assume? Just fuck it all in SIS, 5 mill cap, losing money, no real customers but it can’t go any lower, right?


poptartape

S&P 500 man. Not ETF.. it’s the index of the 500 biggest companies in the US market. Like the ASX 200 🫠


Meaty0gre

Yeah I know what the S&P is I meant I assumed he had put his cash in an etf for it


poptartape

💀


Meaty0gre

🤰


Polite_Jello_377

Yeah but you can make plenty of money without the SP500 hitting some milestone, unless all you hold are index ETFs


poptartape

You’re so polite now


Polite_Jello_377

I try. Just don’t get me started on the royals 😂


Meaty0gre

What about the royals?


Polite_Jello_377

They can…. Ahhh you nearly had me there


Meaty0gre

🤰


Meaty0gre

Is there a decent specie etf? I recon that’s the go.


monkey_cartel

I reckon it’s a good idea actually. A way to cover a big spread of speccys and just find an easy way to spread on the 10% that hit.


raindog_

ACDC has PLS and AKE in it... # "I SAID SPECCIE" Oh did you? Shit. Sorry


nohorncap

They said “decent etf” not flea ridden dog. I mean, how the everliving fuck does a lithium etf LOSE MONEY this year???


JSwyft

Unfortunately, those lithium ETFs aren't actually lithium based. The only players making money in the [lithium chain](https://www.reddit.com/r/ASX_Bets/comments/qclw98/comment/hhh0tx3/?utm_source=share&utm_medium=web2x&context=3) right now are mine owners. Margins for battery makers and converters are horrific, except for the few vertically integrated ones. Mine owners come under 'materials'. ACDC is 26% materials ([middle of page](https://www.etfsecurities.com.au/product/acdc)). LIT is up at 54% materials ([middle of page](https://www.globalxetfs.com/funds/lit/)), but only about 1⁄3 is actually lithium connected.


Meaty0gre

I will find you and I will slap you, specie


dynamic_cubemap

Each payday you get a million random 0.1c shares shoved into your super. It's more shares, no?


Meaty0gre

Perfect.


[deleted]

ANL


[deleted]

[удалено]


mcfucking

You're still shadow banned


PowerBottomBear92

IVZ to **not** spud in 2022 or I'll take a week off Nothing like a ticking clock bet to get the blood pumping


poptartape

This is either a sacrifice to the gods or you are one crazy mother fucker!


mcfucking

That's a 3 month time frame. Up it to a month ban and you got a deal...


PowerBottomBear92

Let me sniff some vicks vaporub and I'll get back to you


mcfucking

No pressure 👍


maybethough

From memory the rains start again in October so maybe it's not so long after all


Go0s3

Dude doesn't even know the difference between a bear and a power bottom, he can't possibly afford a month!


OddCan50

Speed is the name of the game


NotAnAsicSpy

My PNN is hard


poptartape

Was originally going to buy it at 45c but the general consensus from the lithium gurus is that it’s a lifestyle company and will probably never produce lithium so I aborted. Not even mad about it


freerange_1

CRR my only green and up 20%. What a little richer with so much potential.


Massive_Button9434

My day has finally ended. Only got some quick looks in over the day, so playing catch-up. Seems really weird there wasn’t really much news on the LKE announcement. Usual Market herald and MF, but that’s it. Quite surprising really.


raindog_

Look at these fuckheads: https://www.reddit.com/r/AusFinance/comments/xdq7w7/asx_200_takes_58b_hit_as_wall_street_australian/iochc44/?utm_source=share&utm_medium=ios_app&utm_name=iossmf&context=3


litres-of-cum

‘Almost’ 4% so can safely assume 3.5%. What a bitch


BeardFactory

Losing 4% is how I know it’s a weekday and the markets are open


Meaty0gre

I think you missed a 1, 14%


sneakycutler

Help a brother out of a quagmire; I hold both NMT and RNU. My average price is $1.58 (-8.38%) and $0.267 (-8.50%) respectively. I’m looking to further average down on one of them this week, but I can’t decide. Is one more undervalued, oversold than the other? Edit: long on both, but open to some short term swing trades.


l1ttleone88

If anyone actually does the basic math without wearing rose coloured glasses on NMT's latest announcement, it will come down further with so much risk on numbers due in December. I like NMT but if their economics don't improve with the backend plant their recycling days won't even begin.


l1ttleone88

NMT hardcore club on hotcrapper going into overdrive. Nothing like a ~20% drop in value following a announcement - if it goes sub $1 go nuts.


sneakycutler

Go on …


l1ttleone88

NMT will continue to fall - wait until next week see if it levels out.


scorpio_

I think both are looking a little overbought but RNU might have a good ST trade in it - volume today was suspiciously strong.


nohorncap

I'd say go NMT first, because it's a metric fuckton easier with more liquidity, and guessing it's gonna move faster than RNU. RNU could take you a while because of getting in queues, so technically, if you have the money, you could whack in a buy order now with RNU which won't happen for a while, then if you have the $ get to work on NMT. hth.


sneakycutler

Im not sure what you mean by (or what you’re referring to) “…which won’t happen for a while”


nohorncap

If you're averaging down RNU, the way that I usually average down is by buying as low as I can, and selling higher, rinse, repeat. The problem with RNU is that if you take a look at price history, there's not a lot of wriggle room - the daily top and bottom are small deviations, and there's often a queue. Last week I was averaging RNU and wanted to buy low: I felt like I was throwing away money putting in a buy order when I didn't have a clue when it might happen. So, instead of buying low, I just bought a fuckton... say the price was .220. Instead of getting into the queue for .205, I just bought a lot of .215 - as in triple what I owned, to average out, so I could then sell the bulk at .220 same day, and all good. You may not be able to do that, and instead have to put in the low order and wait....hence my suggestion. Does that make sense?


scorpio_

Above you say NMT has more liquidity but I'd disagree. Having to wait in queue to get a lower buy price on RNU is due to the tighter spread + greater depth...but the fact that you have pulled off large intraday pip trades points to greater liquidity. NMT has less depth, which makes it 'move faster' with more volatile price movements but it's not more liquid. When comparing the liquidity of two stocks, ask yourself - if I had to exit a large position immediately, which one would I lose less money on by doing so? That one is the more liquid stock.


zorrtwice

sell both and buy shares in stock i own


sneakycutler

OK, but you own both NMT & RNU. Make it make sense.


Hypertrollz

I like and hold RNU, don't have NMT. So obviously go RNU.


Doomkoon4648

The one u get more shares in clearly.. :p


rsoule878

Thought it would be a bloodbath today but just a shower. Even had some green in there.


[deleted]

[удалено]


mcfucking

I don't know what you've done, but you're shadow banned. No one can see your comments. You'll have to contact reddit admins to sort it out 👍


[deleted]

[удалено]


mcfucking

👍


ringisdope

Markets went down so hard it sent a few investors to the shadow realm


Conscious_Giraffe_14

🤣


mcfucking

😂


JSwyft

It's been another record breaking week for Chinese lithium carbonate spot prices. The ceiling price actually dropped slightly, but not the averages: * ¥494k/t across 7 LFP grade markets (previous ATH was ¥491k/t last week) * ¥517k/t across 10 battery grade markets (exceeding the ¥511k/t ATH from March) Platts update is [here](https://twitter.com/RodneyHooper13/status/1569272564207464448/photo/1). China monthly NEV sales are still ridiculous. [The graphs](https://cnevpost.com/2022/09/09/china-nev-sales-666000-aug-caam/) make it pretty obvious where the stimulus began (June). [BYD has a 700k backlog](https://cnevpost.com/2022/09/02/byds-order-backlog-reaches-700000-units/), with a 4-5mth waitlist, though Tesla has managed to bring some of their models down to a 6-10 week delay. [Chinese battery installations](https://twitter.com/Moneyba42682612/status/1568453768500621313?s=20&t=lB9pFqd84DGJuPgw6AWNsQ) generated about 19,000tpa (142-161ktpa of 6% spodumene) of additional annual LCE demand in August. That's exclusively for electric vehicles, so energy storage systems will add further pressure. PLL features in the latest [Global Lithium Podcast](https://open.spotify.com/episode/4JMZgno56uTsWW31GOTEul?si=239b61402f614aec). Sorry, I said A11 was listing last Friday without reading their updates. It's now tentatively scheduled for 26th Sep. Spec catalysts below. LEL got going a bit quicker than I expected, though I still guess their full results will take months. |\*\*Company\*\*|\*\*Catalyst\*\*|\*\*Due Date\*\*| :--|:--|:--| |GL1|Manna resource upgrade|Q4 2022| ||Marble Bar resource upgrade|Q4 2022| |ESS|Pioneer Dome resource upgrade|Nov 2022| ||scoping study|Dec 2022| |GT1|Root assays|Dec 2022| ||Root maiden resource?|Q1 2023?| |LRS|Salinas maiden resource|December 2022| ||preliminary economic assessment|March 2023| |MRR|assay results|Q4 2022| |MLS|maiden resource|Q1 2023| |LEL|possible word of a brine interception?|Q4 2022?| ||brine assays|Q1 2023?| |Atlantic Lithium|listing ASX|26th Sep| |BNR|drilling near Mt Cattlin|Q4 2022?| |CRR|maiden resource|Dec 2022| |RDT|maiden resource|Q4 2022| |GLN|DFS|Dec 2022| |LPI|hard rock spinout|Q4 2022?| Thanks u/WowVeryJosh for the additions.


Meaty0gre

Can I have just like a little bit of your brain please 🧠


WVJ-ALT

Atlantic Lithium also has the PFS due imminently in Q3 2022 along with the listing towards end of the month (possibly same time or PFS imminent post-listing), followed by upgraded MRE in Q4 2022 and DFS is expected in Q1 2023, and production in 2024. [Recent preso here](https://www.youtube.com/watch?v=Rh0OBOSsYyg) LLL is also flagging a resource upgrade in Q4 2022; the previous drilling for their 110Mt stopped at 150m downhole due to financial costs. They know the pegs continue beneath the pit and they said grades become better with depth. So potential for them to increase the MRE down to 200-250m. They also found more pegmatites during their sterilisation drilling. [Preso here](https://www.youtube.com/watch?v=SHSrNUdbg6Y) There's also a myriad of speccies currently drilling some including BOA near Bald Hill and KAI near Pilgangoora.


JSwyft

Thanks will incorporate those ​ Ramsay-boy I hold none of the specs listed, so you'll have to follow your heart. I get uppity when there's no min 20 page feasibility study.


WowVeryJosh

SRI are also drilling their Skeleton Rocks lithium project about 30km NW of Mt Holland


kervio

what happened with wsb?


WowVeryJosh

I got slapped by Reddit Global mods. Discovered a HC boomer posting in our sub and called them a regard for their typical brain rot logic. First thing they did was run for the report button and they haven't posted back in the sub for 3 days so assuming they have run back to the safe space


kervio

The seal has definitely been breached between worlds, we've been invaded by these monsters regularly in the last month or so.


JSwyft

It got edited: guess I'll have to leave it up to your imagination haha


Ramsay-boy

Sooo, which one do I buy ?


nohorncap

I see you're ~~new~~ quiet here, so hopefully the crowd will be kind. Know that in the future, the answer to such questions [will be ANL](https://www.reddit.com/r/ASX_Bets/comments/ri67mn/why_you_should_never_try_anl/). Ignore at your peril :) Here's a start: https://www.reddit.com/r/ASX\_Bets/wiki/index/#wiki\_cool\_shit\_to\_know


sneakycutler

Root assays, you say 😏


[deleted]

Everyone saying buy day was today bit early I reckon tomorrow n Friday be red as red


sneakycutler

fuck outta here Mark


hhjhjkhjkl

O hi mark


[deleted]

Me names jeff


Nevelo

So, if BECKY announces more divvies in FY22 results, does that mean she’s my sugar momma?


kervio

which one are you talking about? and yes.


Nevelo

MYR 🥵


kervio

you think you might get a special?


Nevelo

So far, paid 1.5cents interim divvy, fully franked. That was at about 40% payout ratio on 1H22. Trading update puts them at about 7cents EPS for FY22. Historically, payout has been 50-80%.


9aaa73f0

Topped up some real estate, buy in gloom etc. Now 30% of investments, split between SGP, MGR, GPT, CIP, DXS.


FruitfulFraud

Real estate will be in gloomy territory in Jan 2023. We ain't seen nothing yet.


doigal

Wait til all the 1.9~2% fixed rate loans from 2020 expire next year. Fun times ahead!


Limerickmelarry

B-b-b-baby you just aint seen n-n-n-nothin yet


coastie_trader

Cool, might buy some more then


Dude_Chucks

So bullish on retail! Expecting bricks and mortar to continue the forever-ever upward trend of inflating incentives for flash fit outs for first time tenants?


9aaa73f0

Im not confident of commercial (i regret dxs), GS has some good analysis (can see it on comsec), they say commercial is 'bifurcating' based on quality. Industrial real estate will be good long term trend because of fracturing of global trade. Residential prices might drop, but they cant stop building houses, there is a shortage now and thats before tourism and immigration (probably) ramps up again. I think if there is a severe downturn on residential, it will more likely effect the type of houses being built, tradies will never be sitting on their arses for lack of work. Some builders are going broke due to inflation, but the big players have better access to capital, and scale, and can manage risk better. Real estate is supposed to be good in an inflationary environment, and most of these companies are trading below book value and paying good dividends. So they shouldnt have far to fall.


coastie_trader

When it comes to resi in aus, there will never be blood in the streets just years of flat prices with the odd distressed sale. Rental prices are jacked to the tits so investors (if they bought smart) should be fine.


InterestingShow1112

The great Australian Ponzi 🏡


yothuyindi

wasn't much of a red day after all that fuss really, used it to buy some more NIC though still debating whether to buy into BPT... but then always end up with too many stocks in my portfolio again after making an effort to trim down at EOFY 🤡


LiverCat89

Was thinking to get myself some BPT as well so if you wait until I buy it then it will obviously take a dive


Polite_Jello_377

I mean XJO got spanked


yothuyindi

eh with S&P500 down nearly 5% i feel we got off lightly 😉


Nevelo

How many positions have you got?


yothuyindi

13 atm, really want to try and keep it to 12 or less to avoid de-worsification ideally though https://ausinvestors.com/current-portfolio/


kervio

oof I have 31 :P I'm basically a big moronic ETF.


FruitfulFraud

I knew I was in trouble when I couldn't remember the name of one of the companies I held... Back to 10 companies now.


yothuyindi

Damn 😅 I feel like every additional stock I buy mathematically drags me closer to achieving index-level performance


kervio

I'm only out-performing the index because of lithium. I'm not advocating what I do, it's stupid and frankly, it needs to stop and I trim back to like 10-12


Nevelo

You gotta pump those numbers up. Those are rookie numbers. 😺 On a side note, the origin of ”deworsification“ and its meaning is kinda ironic considering how its used now.


Known_Signature7341

Fark, what a day, XJO understandably fucked but a lot of our team did pretty alright, now for bounce back in US tonight and onwards and upwards I reckon 🤞 good luck everybody 😎


coastie_trader

Yeh u might be bang on. I didn’t suffer at all today so hopefully tomorrow will be gangbusters. Lezzgo!


yippikiyayay

About to drop some of my SYA gainz on a fancy as fuck egg incubator 🐣 First little chick hatched is going to be called Sayona.


sneakycutler

Youre gonna drop all of that $25 eh


yippikiyayay

We’ll yeah, if you round up I guess that’s about right. Worth it.


bennymba

Was LEL's cap raise and trading halt a strategic masterpiece? Avoided the inflation carnage, market futures are green green again in the US, and they'll still probably get a bit of a cap raise dump, but hardly what it'd have been if they raised a week earlier or later?


wallyone123

Sold the last of my SQ2 and bought LEL just before TH.


[deleted]

[удалено]


dskoh1

Hvy


[deleted]

[удалено]


kervio

it's special because he needs people to hold his heavy bags.


dskoh1

It is hardest naturally occurring substance right behind diamond. So it’s has very long list of industrial use list like water jet cutting, O&G rigs etc. hvy garnet is more valuable coz it is almandine garnet which has 7.5 mohrs hardness


Financial-Teach9870

anyone looking at ASM? Bought a little, but I am a newbie investor 😅.


nohorncap

Please noob, for the love of all that is holy/lambo/beyonce, do a search first: like so: [https://www.reddit.com/r/ASX\_Bets/search/?q=ASM&restrict\_sr=1&sr\_nsfw=](https://www.reddit.com/r/ASX_Bets/search/?q=ASM&restrict_sr=1&sr_nsfw=) or check the dailies: [https://www.reddit.com/r/ASX\_Bets/?f=flair\_name%3A%22Daily%20Thread%22](https://www.reddit.com/r/ASX_Bets/?f=flair_name%3A%22Daily%20Thread%22) If that info doesn't cut it, then by all means, ask away...but with 90k + folk, chances are good that someone has something :)


G7gotitwrong

BRK announce unmarketable parcel share sale u/nohorncap can finally off load its shares with out paying the $10 brokerage.


nohorncap

You're the one investing in that WoNdErFuL OpPoRtUnItY, not me, so enjoy that downward trajectory.


G7gotitwrong

Admit it your a bag holder from the 3c days. You got a little but hurt didn't you?


nohorncap

Already told you, have no stock, never have. I'll leave the joy of being locked into a shit stock and being unable to sell to you.


StinkyFatWhale

Can anyone explain to me how when the US releases inflation numbers and their dollar is going to shit.... Somehow the AUD drops out the arse... Against the USD? Surely the AUD would strengthen against the USD? Not the USD strengthen against the AUD? I don't get it. Fukn Straya buck dropped over a cent in like 4minutes overnight.


FruitfulFraud

USD is a safe haven compared to other currencies. When every other economy is also in the crapper, bonds/stocks are in the crapper, people just hold gold or USD.


Rb_Racer

but soon to go full Zimbabwe?


PowerBottomBear92

Aren't a bunch of ASX listed companies based in america or something .. I think that was some ausfinance persons argument against buying VAS idk could be making this up out of my ass or misremembering something


nohorncap

you're fucking hurting my brin <-- see? brain here. I \*think\* what you're talking about is that ausfinance/fiaustralia occasionally engage in the "if youre buying a global etf, why not one based in america" which means that you need to fill out a W8-BEN form when investing o/s: [https://www.irs.gov/pub/irs-pdf/fw8ben.pdf](https://www.irs.gov/pub/irs-pdf/fw8ben.pdf) [Here's such a thread re: VGS vs VT](https://www.reddit.com/r/AusFinance/comments/tgpt5e/lets_discuss_pros_and_cons_of_investing_in_vgs/)