Day 232 of waiting for AZL to get BLM approval. Damn the pumpers on AZL HotCopper page are unbearable. Literally touching record 52 week low soon and talking like management taking us to 5 bucks tomorrow lmao

What's a BLM? Why AZL? So much questions in my mind

You had 231 days to find out my friend

True that... i hope you will get it soon bud

LTR R U OK

Would have been better as “LTRUOK”

Doh

Thinking about picking the holiday shifts and putting it all on one stock, fool proof plan to make the new year great.

Talk about shitting the bed, god damn it LRS, I’m not angry, I’m just disappointed

Have you heard of "sell the news"

[Wondering why my stonks are all red…](https://youtu.be/kav7tifmyTg)

We wouldn’t be here if we hadn’t made very questionable decisions, very very questionable decisions.

I have a bit of a theory, but its honestly really feeling a little hotcopper like and I feel kinda dirty... but... Mike Wilson, who has been spot on all year with his calls on the bear rallies and end of the them said at the start of December the rally will be choppy but last through to christmas. Then a few days ago came out said they are sellers and its on the way back down. Very quick turnaround. Early inflation data is showing deflation all over the place (which was happening in October in places). My hotcopperesque prediction is they are anticipating very good CPI data. Prediction being that they are pulling out of shorts, getting in some longs for a good CPI print they are expecting way on the downside - which will trigger a huge rally. Very hotcopper of me, but hey im bored.

Sorry to be *that* guy, but I think you’re trying to say inflation is slowing (or prices are increasing at a slower rate), not deflation

In regard to terminology, this is what I was taught at uni (like 7 years ago now) and this the terms like 'signs of deflation and deflationary signals' are commonly used in the shit I watch now, so I dunno if thats the rub here? Or are people really stuck on the YoY figure? "showing deflation all over the place" is probably a pretty poorly written line though lol.

Many prices *are* going down month on month though. They are deflating month on month. On an annual basis this is disinflation. I am only talking about monthly price changes creating a trend. For example used cars have reduced in price 4 months in a row MoM. I am trying to point out these these movements in specific goods across months because these are the things the central banks look for when deciding how much to tighten and when to pause, which is directly related to reactions in equities. I guess I probably need to be more specific about that though, but I didnt feel like people were that engaged tbh.

Haha, fair. I am an economist so it triggered me slightly… but get your point, some of the prices for components of the CPI basket will be falling and some will still be growing month on month or year on year.

Yea I am very much interested in these near term figures, because if there are prices falling in multiple areas of the basket each month Oct through Jan and we are looking at 0.2 and 0.4 MoM, its really hard to see the fed wanting to raise rates in their Feb meeting and we would likely see a market bottom much sooner. Now that I know anyone actually reads it I might consider being a little more diligent in how I write my dribble... cos its mostly just dribble.

I think you’re on the money actually. IMO the funds know that retail are paying more for everything than we were last year, and need cash for the holidays, so they’re not buying whilst retail liquidate stick at low prices. So with potentially better CPI numbers and near at time lows on stocks, I’m leaning towards a rally early in the new year also.

Sounds like he wasn’t spot on with his December call then if he had to reverse it?

My point kinda is, he was on with his December call, its his next call that came through as a bloomberg note - aka a note to everyone with a bloomberg terminal, that could be the disingenuous one. Just spit balling some conspiracy theories with no relevance to anything.

That's a wild theory. Where's this early inflation data showing deflation all over the place?

If you look here you will see in October in "All items less food and energy" there are a number of items that have seen deflationary effects in Sept/Oct. According to data Used Cars prices have dropped significantly. There are more data points in europe and all over the place. But it can also just be noise. https://www.bls.gov/news.release/cpi.nr0.htm Energy is very noisy, but that should also drop for November with the oil prices. Transport has been a big driver of inflation and that is related to oil prices, its also related to demand which has dipped. Trucking rates have declined, though still not a huge amount thanks to diesel prices, which should see a decline in coming months. Shipping rates in some places have 'fallen off a cliff' which should be flowing through now too - 'should'. Now the real question ends up being, how many of these effects have come through the pipeline to the CPI data and the consumer so far, because oil pricing, transport and housing can all be very laggy. Any type of number thats deflationary is great for markets short term, but kind of difficult for the Fed and US economy, it will mean they likely need to pause rate hikes to not overtighten, which if inflation returns just prolongs the entire process.

Did you hear Mike Wilson's argument? Did it seem reasonable and logical? I'm asking this because anytime Goldman Sachs comes out with new ratings about lithium stocks, people around here seem to take what they say at face value. Wilson makes a pretty clear argument based on currently still high P/E, and low expectations for earnings growth.

I only bring him up because he has been on the money this year, normally its all over the place. His argument was for a Jan/Feb earnings adjustment originally. Here is Mike Wilson 2nd December https://twitter.com/markets/status/1598351131855376384 Here is the call which was actually to clients not on the terminal that was plastered around bloomberg and twitter Monday. This doesnt go out without Mikes approval btw; https://pbs.twimg.com/media/FjN2q5lVsAAVmty?format=jpg&name=large

Yeah I had seen both of those too. There is a good one on CNBC on YouTube too. It's good to think critically. But personally I think there is some logic to what he is saying. The fundamentals don't look good. I am short the S&P and planning to reduce my position right before the CPI data is released. I think there is more chance of a red day than a green, but it feels like a total gamble and that's too risky for me. I will reenter after that meeting and hopefully in time for a trend down.

My view which has been similar for some time is that Dec CPI will be a good number, but come Jan/Feb/Mar we will start to see the low hanging fruit of CPI (transport, supply side stuff) even out and then earnings will start to take a hit - the market will bottom hard in Q1. I thought the market would hold for that CPI next week, which is why that note surprised me and I have my crackpot theory. I think you are right, now the market is in this downward cycle the requirement for a rally will need to be a huge CPI beat.

Nice. And agree. Have you heard any of the recent Carl Icahn interviews on this topic?

The one a few weeks ago I did? New one?

Yeah probably that one. And the one before

They are confusing slowing inflation with deflation. Deflation means prices are going down. We are just seeing them not go up as fast, aka disinflation

Ah, so like de-non-un-anti-dis-inflation

Cxo threads on hotcrapper are getting buckled. These whining fucks not enjoying one bit of the sale. Back up the camry boiiiiiisss (and girls)

Sold at 1.695 like jm not some fully blown autist, go me for once or id be crying too

No need for crying, load up the camry boot, drop the clutch and fang the bitch....and I don't know how to sell

Wonder if it will go sub $1 again? Easy money if it does and 😆 you do realise selling has merits sometimes? Couldve strengthened position huge

Dutch CPI just came in... -3% MoM. Negative 3%.

Dutch rudders up 19%.

Impending sale on Dutch ovens.

That's lucky as I always consider the Dutch cpi before I buy a stonk. This should result in a wonderful outcome for cheaper stroopwaffles, fentanyl and tulips. Rejoice everyone 🦄🍾

Majestic

I’d murder you all for a ten pack of nicely pressed Dutch sourced, pink/orange tulips from the mid 2000’s.

Wars were started for less.

Down to 9.9% though to be fair

Trend matters a lot right now, cos signs of deflation will mean central banks will be very concerned with overtightening. Looking at the underlying data - looks solid too. Upwards pressure on energy and fuel, downward most other places.

It’s year on year they’re concerned about.

Who concerned about? Central banks work on the monthly data. EDIT: Sorry - they look at the monthly data in context of the trend, macro data and projections etc EDIT2: Yes the YoY number is ultimately what they want to get down, but not what drives their short term decisions - hence front loaded interest rate hikes.

I’d say that’s true for RBA, they are very nervous… as they should be - Fed I’m not convinced, they’ve already stated they will not react to trends to avoid sticky inflation like the 70’s.

Yea the Fed get a lot more luxuries than all the other central banks. They get a few months to make sure it all sticks. I doubt we see anything but hawkish fed and no cuts till 2024 unless something goes terribly wrong.

Bro, slowing inflation is not the same as deflation. You are thinking of disinflation.

No, im not. Dutch CPI is showing signs of deflation - it is not in a deflationary cycle. November was deflationary. Signs of deflation are extremely important, and not ignored as it can be a sign of overtightening.

What is the sign of deflation? Inflation still at 10%, doesn’t sound very deflationary to me. Like I said, the rate of inflation declining is not the same as deflation

The monthly CPI was -3%. That is a very clear deflationary sign, which is the thing I was pointing out. The month of November in the netherlands was deflationary. You are quoting an annual figure, on an annual basis it is in a cycle of disinflation, but I am not talking about the annual rate at all.

It was a 3% decline comparing YoY inflation between 2 months.

https://tradingeconomics.com/netherlands/inflation-cpi "On a monthly basis, consumer prices declined by 3.0% in November"

Yeah true, check out this one, its pretty extreme although still very high in terms of the past 25 tears https://tradingeconomics.com/netherlands/inflation-cpi

[удалено]

Was mostly one buyer who pushed it up to .010 with one kind of large purchase. Like $60k Strange way to buy unless you are trying to create some interest

Sucker for punishment or just opportunist to average down. as it’s not a YOLO. Topped up VML @ 0.024 and NVX @ 1.88 Ended the day -0.5%, beating the market I guess is a win

Sold my MLX a little early, couple grand profit. Wondering if i should follow you and pick up a slab of VML tomorrow at this price... How much lower can it go....... Right?

I have paid more in the past, so…… I guess it’s a smarter move or making up for my past mistakes 🙃

Well it sounds like you think we've got a winner. My question is - what the fuck does VML do, and what are we expecting? I know it's rare earth but I'm genuinely blind to this. Smarter people than myself seem to think it's a good stock, so here i am.

What do they do? ATM, they announce new director appointments, I guess…. Been waiting for a (positive) price sensitive announcement for ages. Plenty is going on that doesn’t seem to get announced. What will they will do? Hopefully be a major supplier of Nd and Pr for US DoD, US and EU manufacturers of power-trains in ev’s and wind turbines if either China embargo’s ree’s or they cut China out for whatever reason. (But shit, we already know this. Many including myself have been saying this exact thing for years… literal years ‘plural’, now… ) Chinese output is at a 2 year low atm due to lockdowns and insert other reasons here________ Too speculative for sure, but I might as well hold - already down heaps, so I’m done laughing. Already at the last stage of (financial) grief - acceptance… Still, expecting share price to (maybe) rebound as we know that executives have had direct meetings with auto manufacturers like BMW, VW and Mercedes a few months ago. A Canadian MP finished up his whirlwind tour of Europe meeting execs of all those companies but also “ magnet manufacturer Vacuumschmelze (VAC) to initiate a new partnership to work together to strengthen Canada's domestic EV supply chain.” https://www.bloomberg.com/press-releases/2022-12-06/minister-champagne-concludes-visit-to-europe Can’t believe I’m saying this but hot crapper is pretty updated despite the severe lack of official updates from VML. Someone even slid into the dm’s of the chief operating officer who responded saying that we should expect updates on their operations and even a feasibility study before the end of the year… Whether it’s actually going to happen is another thing. Still patient but yeh…. I’ve been happier.

Don't forget reetecs new plant and confirmation of VML being a cornerstone part of their feedstock plans

It’s going to rebound. It’s just a matter of when. Obviously a nicely timed price sensitive announcement on a green day will help. But it feels like it’s going to be a tough slog to get back up to previous all time highs. Im slightly scared to drop anymore in. But fuck, its a good opportunity to average down when I’m sitting at 5.4c

Are you also in IXR?

Nah mate - didn’t take a position in the end because of sOvErEiGn risks - turns out they’ve done better than vml with Canada being ‘safer’ (I’m an idiot). Some made a complete jump from vml to ixr when Geoff was booted. I held because of a sneaking suspicion deals would have already been made and they’re yet to announce. Eh - I get shit wrong. No biggie.

Nah mate, the markets wrong. Don't know what you did, but you've made my left nut tingle and I've got a good feeling this will hit 3c again by the end of this month. My current average is 4.1c though 🤔 so not sure what accomplishes for me. Oh well, as good a gamble as any other

yeh what he said. This feels like another fucking scam dream now

I get a dip and all but this feels different I'm wondering if lionhead is intentionally letting price dip to load the fuck up? Combine with gatkins dumping? The fundamentals of the project are entirely unchanged.

Fucked if i know but how would they actually let it dip?

By firing the ceo and cornerstone figure who owned what 10% and saying fucking nothing !! Zero news in months while they lose 50%¿ bit suspicious

Bloody slaughtered today, now down over $30k in a week, all over 0.25% and another bodge GS report, unfarkinbelievable...

Link to the latest sweaty ballsack report?

Actual report is on CommSec, but short version is: https://www.marketindex.com.au/news/goldman-takes-another-stab-at-lithium-buy-allkem-sell-core-lithium

I don't think Holdem Dacks has pulled one pick this year.

These guys literally talk out of their anus

Putting the anal in analysts since 1869

I'm down also, not quite that much but yeh, not buying that house outright anytime soon!

Imagine not taking 50% profit and losing it all and then in the red :(

Did that twice on cxo then third time sold near top, fucking glad I did or I'd be -40% now on my portfolio

Happened to me early back when i started. Held LRS to 92% profit, then watched it freefall to -60%. It recovered, and i got out with some green, but I've never been about to hold much since. Still never bagged on a stock before selling

Imagine not taking 500% profit on NVX then losing it all and being in the red

Every time. My best this year has been 250% back to flat, no doubt red soon.

It's easy if you try

Hmm some Germans where planning on over throwing the government and got caught out, almost 100 years on from when Hitler first tried in. WW3 in 17 years confirmed

IBX can fuck itself

Haven't heard that name in a while

We haven't had 4 red days in a row since June. Green Friday confirmed. \*\*note: the last time we had 4 red days in a row it turned in to 7 red days total.

That's the kind of stock market astrology I like to see

Fuck, I've been in the pre-market forum literally all day. And i can see I'm not alone

I was wondering why you didn't say VML is a dog

Oh yeah. That reminds me... .. EXR is a dog

LOL

Putting a small amount of oil in the old Tin Man, who said MLX doesn’t have heart - keep getting up you rusty thing

Finally sold out for a big (%) loss on it at 30.5c

Can't see more upside?

TBH it was a pretty dumb play by me. I bought in near the top, only took a small position and I’m just sick of seeing it in my portfolio. I wouldn’t take this as an indication of the future prospects of the stock

Yeah fair enough. I think my original purchase was around 35c and then I averaged down at 26c to bring my average to around 30c. I just think with the tin price trickling back up it has some potential to make some gains from here but of course, I have as much of an idea of the future prospects as you do. What will you put the money into instead?

Honestly I only ended up pulling like $2.5k out of it so I’ll just stick it in the pot until something comes along

I was thinking no way would today be worse than yesterday yet here we are

Between IVZ/EXR/IHL/IXR I've been getting ripped to shreds by at least 2 out of the 4 every day for what feels like months.

Chuck MAY in there too for the quinella of my pain. 🥹

The ASX_Bets special.

Throw in VML with those dogs.

Right there with you

and my axe

Put in RNU buy order for $0.275. Likely wont hit, but worth a gamble.

WR1...enough said. Momentum just keeps going; too scared to touch it.

I'm going hard and long like I said all along fuckbois

Im HODL

A friendly reminder to never invest more than you are willing to lose. VML share price is starting to give me DW8 vibes and Hotcopper has taken to hitting up employees on linkedin for more information. What a cluster fuck. It was a pleasure losing money with you all.

VML at least has a chance at recovery. They are literally mining and in production. Just need to get past this management fuckery. DW8 is cooked

Least we know the bottom is in, ppl are freaking out/blood in the streets!! Right? right? RIGHT?

>VML Another lesson is don't work for speccies. You'll get bombarded with emails and letters from old mate HotCopperoo everday asking why the share price fell when all the competition rose.

Does anything ever get up in here. Ffs

CXO holders need cuddles today.

Frfr sry CXOGANG but God damn selling was the single smartest thing I've done

yep, I need a cuddle for my red CXO. Even more so since I beat my VML holding to death yesterday for a 40% loss. Literally sick of looking at that dog in my portfolio. Hated it so much the 40% loss is preferable. Sane investment choices right there.

NVX holders need a hug too

I want to publicly redact my earlier comments about chaz in regards to his AKE predictions.

Chaz is going to print this out and frame it on their wall. "Hey mum! I made a friend on reddit, his name is litres-of-cum. But don't worry, he abstains from masturbation."

Chaz i want to make it clear that i don’t consider you a friend.

I want to make it clear I don't consider you at all

Chaz can't afford a wall

A nice -6% after a -5% day. I hate money, let the pain continue

HNR to rise from the grave tomorrow 👀

I’m very afraid

Me too 🫣

Sorry lads, I can explain the CXO movement today. I bought in for "a quick swing trade" yesterday.

Fuck frank, coulda warned some people.

deadset need to start inversing myself

Just wait for GS to buy up a whole bunch of lithium shares after it’s latest down ramp

Chinese lithium carbonate spot prices continue to weaken: |**Date**|**Battery grade**|**Technical LFP grade**| |:-|:-|:-| |Dec 07|¥580k/t(10)|¥563k/t(10)| |Nov 30|¥588k/t(10)|¥575k/t(11)| |Nov 23|¥600k/t(10)|¥579k/t(9)| |Nov 16|¥601k/t(10)|¥585k/t(8)| |Nov 09|¥594k/t(8)|¥579k/t(7)| |Nov 02|¥584k/t(8)|¥567k/t(10)| |Oct 26|(sparse trades)|(sparse trades)| |Oct 19|¥549k/t(7)|¥537k/t(7)| |Oct 12|¥537k/t(8)|¥521k/t(8)| |Oct 05|(sparse trades)|(sparse trades)| |Sep 28|¥525k/t(9)|¥509k/t(8)| ​ LRS has joined the explorer comparison table with their maiden resource. I've removed A11, because it seems to have been recognized by the market as a developer. Also, I need space for other upcoming maiden resources (see catalysts below): ||**GL1 (Marble Bar)**|**GL1 (Manna)**|**ESS**|**GT1**|**Buldania**|**Moblan**|**RDT**|**LRS**| |:-|:-|:-|:-|:-|:-|:-|:-|:-| |**MCap AUD F/D**|$610m|←|$110m|$260m|(LTR)|(SYA)|$250m|$310m| |**Approx cash**|$75m|←|$7m|$55m|\-|\-|$65m|$25m| |**Share Price**|$2.25|←|$0.40|$0.93|\-|\-|$0.50|$0.13| |**Resource (t)**|10.5m|9.9m|11.2m|9.9m|14.9m|9.6m|12.7m|13.3m| |**Ore Grade**|1.0%|1.14%|1.21%|1.04%|0.97%|1.38%|1.20%|1.20%| |**Lithia (Li2O)**|105,000t|90,288t|135,520t|102,960|144,530t|132,480t|152,400t|159,600| |**Earliest spod prod**|H1 2025|H1 2025|H1 2025|2026|2026|H1 2026|H1 2025|2026| |**Mine type**|\-|\-|o\\p & u\\g|\-|o\\p & u\\g|\-|\-|\-| |**Feasibility study**|tba|tba|scoping|H2 2023|tba|tba|scoping|scoping| |**Location**|AUS|←|AUS|CAN|AUS|CAN|AUS|BRA| |**Mining licence**|No|←|No|No|No|No|Yes|No| ​ Tried to focus on explorers for these catalysts. |**Company**|**Catalyst**|**Due Date**| |:-|:-|:-| |GL1|resource upgrade (Manna)|Dec 2022| ||resource upgrade (Marble Bar)|Dec 2022| ||scoping study|Dec 2022| |LRS|preliminary economic assessment|Mar 2023| ||resource upgrade|?| |WR1|first assays (Adina)|late Dec 2022?| ||maiden resource (Cancet & Adina)|Q2 2023| ||preliminary economic assessment|Jun 2023| |RDT|assays (Yinnetharra)|Q1 2023| |ESS|resource upgrade (Pioneer Dome)|Dec 2022| ||scoping study|Jan 2023| |GT1|maiden resource (Root)|Q1 2023| ||prelimary economic assessment|Mar 2023| |ALY|assays (Karonie)|Dec 2022| |BNR|assays (near Mt Cattlin)|Q1 2023?| |CHR|assays (Lake Johnston)|Q1 2023| |CRR|maiden resource|Q1 2023| |LEL|maiden resource|Q1 2023?| |MRR|assays (North Molyella)|Jan 2022| WR1 is putting assays in weekly but the lab has a 6-7 week turnaround, so whether they release results this month depends on when they sent the first batch. LRS's next drilling campaign is a long one, so I don't think it'll beat their scoping study as a catalyst.

Great info swifty, love your ~~posts~~ comments. The graphs are a great way to communicate information clearly and easily in a ~~post~~ comment. Just one, for Christmas, come on buddy.... :-)

Haha you'll be picturing me with my lower lip jutting out over this request. I definitely feel there could be more posts in main, but I'm not sure if this original comment is worthy. If a few of those pending resources get announced by explorers, it might justify its own post in Jan...

Love your work sir, too many shunts around here and not ever* genuine DD like you. Please continue to bless us with your thoughts. What's the best resources you find for research? Always looking to add to the toolbelt

🙏

Tease... It felt like a modest proposal... ​ We shall wait with bated breath....

>Lithium prices continue to weaken: Don't come in here with that tone. Can't you see these poor bastards are hurting and thinking about what life would be like if they actually told Brad or Natalee from year 9 how they felt.

That's why I waited 24 hours until LRS's maiden JORC so I could add additional tables that might diffuse the tension haha.

Very courteous. Let's talk seasonality. I've been thinking about the pricing of our ferrous and non ferrous brothers and sisters and how they usually receive a tailwind this time of year until February. So I'm assuming as the primary driver of battery grade lithium is in EVs, manufacturers will have set times demand is higher due to seasonality. Any insight you've seen or noticed?

Seasonally, [EV sales are always bigger towards the back of the year in China](https://insideevs.com/news/618698/china-plugin-car-sales-september2022/), with 2019 being a bit skewed. So there should be some tailwinds, though it has to be noted that [overall car sales in China](https://twitter.com/MoneybaII_R/status/1600675377529032704/photo/1) are still struggling with lockdowns & general economic hardship. Everyone is saying December will have big EV sales, and I'm sure that's true, but where I think I may've gone wrong is if battery makers & OEMs sourced raw materials in Oct/Nov in anticipation of Dec demand. There're people on twitter accusing CATL & BYD of scaring lithium speculators into selling their inventories. Several months ago, the govt tried to persuade lithium miners to only sell direct to cathode makers, but as you can guess, it probably didn't happen in practice, and there'll be X% of cream that can float around at any given time in those spot prices due to speculation. I'm hearing that sodium will still take 1-2 years to qualify, so the claim of having it in vehicles in Q2 2023 is probably more frightening than anything. But overall, I'm still want to see what happens over the next 3 weeks, but I also don't doubt that there could be some softness in 2023. But it's all relative.

Nice. I might do abit of digging into how the western demand is going to operate. Understanding china's the primary driver but be interesting to see if there's a concurrent theme here as there is with IO and NI

I should've mentioned that Q4 is traditionally the strongest time for Europe as well. Only [Germany](https://cleantechnica.com/2022/12/07/germanys-evs-near-40-share-tesla-model-3-bestseller/), [UK](https://cleantechnica.com/2022/12/06/uk-plugin-evs-take-27-7-share-tesla-model-y-bestseller/) & [France](https://cleantechnica.com/2022/12/05/france-plugins-take-record-24-4-tesla-model-y-bestseller/) count. If you go to the 2nd graph on each of those pages you'll see the trend. Seems like it's going to continue this year, despite those economies looking pretty sick.

Thanks mate appreciate it

Thanks Swyfty, always appreciate your posts ​ Do you know if WR1 has any closer catalysts? such as assay results? Market is going wild on this one, but its being pumped off its face on HC Edit: their announcement on 28/10/22 mentioned assays expected in 6-7 weeks. So pretty much they're due now ​ P.s for GL1 there's also a scoping study due this month They didn't officialy mention it in previous announcements, but Ron mentioned it in one of the recent video presentations (i can find the link if you're interested)

Agree, There is alot of FOMO with WR1 ATM

Got a gut feel on wr1 mre potential at all mate?

The thing is there has been discussion that some of the results they've released to date aren't true width. So the actual results may be potentially lower than the market is expecting (will need to wait for assays to confirm) I also noticed that there was some lepidolite in the mix and unsure if this will affect them at all. But i think all in all its got good potential considering their intersects to date. Also the SP has increased nearly 70% in the past month- so if the assays disappoint, i wouldn't be surprised to see a large dump On the flip side if the assays confirm that large intersect, the trend may continue /u/WowVeryJosh is the man for proper MRE guesstimates

Yeah, I’m super close to a bag… so tempted to offload to free carry now, but am so close to being able to have a full bag. Just need another 10% before results!

bags here and averaging up, either I'm winning or losing them profits

I believe WR1’s potential is 5 🚀’s

Oh right I meant to include WR1's initial assays on there but totally forgot. Also LRS's resource upgrade is missing, but I'm not sure when that's due. Will add GL1 scoping study when I can find the timelines on WR1.

How does the PMT.asx and PMET.tsx market cap work? Is the asx market caps plus tsx market equal to the total market cap?

Hello please help

I'll give it a crack as I use to trade C6C. So 10 cdis are worth the equivalent of 1 share on the tsx. For every 10 asx shares you have 1 TSX share. The market caps can be valued differently. they still utilise the same amount of shares even though they aren't traded on the same exchange. It's complex to convert these to the other exchange. If it was usa it would convert from a cdi to a class a share. I'm unsure what it would convert into on the tsx. That's some of the risk here is the arbitage plays. Say I hold shares on the tsx and they're only valuing the company at 500m but on the asx the liquidity is low and traders are fucking about making it a 2 billion dollar company. I can transfer and dump on a cunt multiplying my returns. Personally I'm unsure how complex all this is. I know some of the RLT guys know so I might bring u/maybethough into this. PMT should get their planned assays to rev up the market cap (probably tomorrow) giving those who were able to contribute some exit liquidity. I doubt the tsx shares will run to the equivalent of the asx. Instead it will play out abit how IHL did. Let me know if this helps as I'm ranting abit.

Yeah it's gonna be more complicated than the renergen model which is 1:1, partly because of the ten to one thing but mostly because the TSX actually give a fuck and they tend to enforce arbitrary holding periods and stuff. Not sure what the arb would actually look like but of course if enough of a gap widens, especially in the buy on TSX -> sell on asx direction, the gap will get closed one way or another

Yea arbitrage is coming 1000%

Thanks for the thorough response! So are these CDIs in addition to the existing market cap on tsx? Or should the market caps converge over time.. I feel like I should know more as BHP used to be dual listed too..

Yeah so they are additional to the existing market cap on the tsx and should be factored into to a valuation. Technically they'll still be the same market cap. Just don't expect them to run in tandem with share pricing.

As much as i loathe the TA community i will never not incessantly scroll through my dogs hot crapper chart thread. Copium runs deep in these veins.

Starting to look like a vomiting camel, watch out!

If anyone doesn’t feel poor enough today i just googled the watch in Beagles post history. It’s $300,000. Dude why spend that much on something so useless?

I, too, have a $300,000 instrument which tells the time. It's a 30-year timepiece and it's incremented in months. It's called a mortgage, and I, too, will be feeling the weight of it until I die, only around my neck instead of around my wrist. Curse you for showing me this. It's not at all a nice feeling to be reminded that there are people casually wandering around with my house debt as a *trinket* on the wrist, to occasionally glance at to see how long they must wait for the next treat to arrive. At least it's a nice bloke but fucking hell.

Tell me, how else am i going to tell the time smarty pants?

If you ever get the chance, visit their museum in Geneva, they've some truly some stunning timepieces! ;)

When the peoples revolution comes and we finally take over...

oh yeh, that patek, esp in that colour looks great. Is there a waiting list?

copped it at auction

used or new?

[удалено]

seriously? Lambo looking like a good deal

Is anyone bearish on IVZ, other than just on a hunch? I mean, a partial hunch is fine. I'm curious if a lot of regarded redditors are missing some obvious red flags.

Based on the reaction and commentary here of a previous announcement I was concerned we had insiders dumping prior to a bad announcement so I ended up selling half my stack. That of course ended up being a bad decision so I bought back in later when we had our run back up from 12 cents. My gut is they think they have a discovery but are playing this very carefully and slowly to the detriment of the traders and those over-invested

This sub has notoriously never missed any red flags before. 100% success rate. Bullish

Plus anyone that points out a red flag is obviously an idiot. It’s the dunning Kruger effect.

When it turned out that LKE was just a three walled shed whose directors were 'strategically' offloading shares, there were apparently redditors out there who had been saying it the whole time, their voices were just lost in the enthusiasm. I'm wondering if we have anyone like that.

Yea a few of us been raising concerns but yall cucks just been shitting on us. Funny part is I was saying WR1 better, last month's proven that to be right lol. You all know who you are For the record, it could be true but that sidetrack with the dude resigning seems suss as fuck

No one is anything on IVZ on more than a hunch. Are there good signs it might be a discovery? Yes. Do those good signs mean it’s guaranteed? No. There’s literally no way of knowing yet other than to wait. The only way to look clever here is in hindsight.

*"The only way to look clever here is in hindsight."* Something i specialise in

lol commsec twitter with the lithium shade: Lithium stocks Liontown Resources $LTR, Novonix $NVX, and Core Lithium $CXO are amongst the worst performers today, falling 5.4%, 6.6% and 7.8%, respectively. Both $NVX and $LTR have so far fallen every day this week.

Hahaaahahahah love the losses - i have been in the red for everyday this year

Haha graphite or lithium who cares

So is DOW a buy or are they stuck in these loss making contracts? And I can't tell from what I'm reading if someone is stealing money or just incompetent.

4DS just collected a few more bag holders for the pool room.

Stock that goes up for no reason, also goes down for no reason.

Stock that gets pumped on insider knowledge also goes down because it’s a dog shit stock.

The announcement was a nothing announcement anyway. imec agrees to keep getting paid by 4DS.

It's been a while since I've dipped the toe but picked up some CXO at $1.205 and 5EA at $1.32. Time to get back into the speccys after getting my house.

Cxo not a speccy bro lol

You might get CXO under $1 the way it's going

I also think there’s a chance it might, which will tempt me to average up.

You srsly didn't sell any at the latest run? Bruv!

Nah, the plan was to hold out for divvies, plus I need the tiny green leaf to make me feel marginally better about the sea of gore in the rest of my profile…

I rarely get shit right and I sold a day early but I'm very happy I did now...still think great company

I just answered a call from some survey company doing surveys about australians health. They asked me how i was and i replied "healthy" and they hung up.

Literally as soon as Chaz said he thinks AKE will break $12 it bounced. Send this boy to an island far away.