ASX Thread

Inmate
Inmate

No ASX Thread? No ASX thread.

Congrats to everyone who is riding the MXC wagon at the moment - can't say I got on it and it was a big error by me - well done to those who jumped in on it

All urls found in this thread:
http://investorintel.com/technology-metals-intel/cheap-lithium-ion-batteries-for-evs-vs-the-cobalt-cliff/
http://www.proactiveinvestors.com.au/companies/news/68159/lithium-australia-nl-gets-busy-in-worlds-largest-lithium-clay-province-68159.html
http://www.proactiveinvestors.com.au/companies/news/68163/segue-resources-ltd-lifts-lithium-land-holding-in-key-wa-province-68163.html
http://www.mcxindia.com/
http://www.trakaresources.com.au/reports
TreeEater
TreeEater

tfw aussieposters are literally the retarded niggers of /pol/, but on Veeky Forums are some form of retarded stockpicking savants that keep giving us moonlandings.

i don't understand, but i welcome our aussie overlords

Carnalpleasure
Carnalpleasure

yeeee boiiii
ausbrah checkin in
will lurk this thread

LuckyDusty
LuckyDusty

Thinking about jumping on the GXY wagon and seeing how far it will go long term. Gonna try buying in on Monday morning.

Illusionz
Illusionz

@LuckyDusty
Why do you think now is a good entry point? I was thinking about it too but fuck buying high.

I don't want to be like the fuckers who bought LOM at 40 cents yaknow

Spazyfool
Spazyfool

@Illusionz
True true. I was thinking long term it could still be good. Your top for MXC could be a better plan. You gonna jump in on MXC?

Need_TLC
Need_TLC

@Spazyfool
Look, I'm burning at the fact I didn't get it early at 0.026, and I'm not sure if that is anchoring me against it. I am looking at MMJ again, because its price hasn't really done shit yet. It is of course, five times more expensive though.

Anyone else thought about the comparison

Dreamworx
Dreamworx

@Illusionz
I know what you mean, but I'm also scared it's going to break 50c next week without dipping. scared of missing the train.

Soft_member
Soft_member

@Dreamworx
dont be, the fear of missing out is powerful and can fuck you up. remember, buses come every 15mins so its cool if you miss yours. just make sure next time youre there 5 mins early.

girlDog
girlDog

@Inmate
what are your thoughts on CNJ, they are sitting on the 4th largest cobalt deposit in the world, are owned by the Tasman bro's that seem to have a touch for steady growing investments (EDE e.g.)

also read http://investorintel.com/technology-metals-intel/cheap-lithium-ion-batteries-for-evs-vs-the-cobalt-cliff/

w8t4u
w8t4u

@Soft_member
yeah, you are probably right. I'll wait it out on Monday morning and see what happens. I think it's the right time to buy, but maybe it will dip on Monday.

RumChicken
RumChicken

@Inmate
Who MXC here?

the DUDE WEED train is leaving the station

Get on

AwesomeTucker
AwesomeTucker

@RumChicken
Mgc pharma?

BunnyJinx
BunnyJinx

@girlDog
There's lots of talk that cobalt will go off after lithium, but I'm really not a resources dude. Anyone else have a clue?

GoogleCat
GoogleCat

@AwesomeTucker
Yep

Gigastrength
Gigastrength

@w8t4u
You could set a buy order too 0.35 (GXY, convert that too USD if you're on GALXF) and hope to catch a spastic dip.

Methnerd
Methnerd

@BunnyJinx
Cobalt user was suggesting a couple companies last week in the Galaxy Resources thread.. can't remember the name though.

Skullbone
Skullbone

Ausfag here. Can someone explain to me when this mxc meme started? I have been lurking here for 3 weeks now and i havent seen a single mxc thread.

RumChicken
RumChicken

@Methnerd
Cobalt user was suggesting a couple companies

I read that >>1189213

thats why I ask if any of you have more information on it, they are apparently sitting on the 4th largest deposit in the world (in a 50% JV with a gold miner BAR), CNJ is 20% owned and directed by Tasman Resources which also owns and directs EDE (180% gain in the last 16 days?!?)

PurpleCharger
PurpleCharger

@GoogleCat
How much money do you have o n it?

Illusionz
Illusionz

@PurpleCharger
5k

NabTrade is down for maintenance so I'll just show my current gains on stockprofitcalculator

Also forgot buy commission of $13.50 but oh well.

haveahappyday
haveahappyday

@RumChicken
and yes they are currently massively undervalued, with 0,02 AUD and their TBVPS of 0,05 AUD

massdebater
massdebater

@Skullbone
Don't know but whoever picked it was right.

I'm still trying to work out whether I should be on it or not

Gigastrength
Gigastrength

free nabtrade brokerage runs out tomorrow.
Do they charge brokerage when order is filled or settled?

If it runs out Monday does that mean it lasts that day or is today the last day I get free brokerage?

eGremlin
eGremlin

@Skullbone
Late Feb when the govt announced the medicial legalisation

I bought in at 3.4, I'm in for the long run at this point

AwesomeTucker
AwesomeTucker

any aussie bros following any Lithium mining companies?

whereismyname
whereismyname

I'm the ASX Sharemarket Game and have 50k playmoney to invest. How would I be able to win? Sorry for the quick question, gtg to a party.

Nojokur
Nojokur

@AwesomeTucker

Yeah I'm in PLS, GXY and MPJ. In the greens for me so that's good.

Stark_Naked
Stark_Naked

@Nojokur
What price you got into pls?

Lunatick
Lunatick

@Nojokur
MPJ isn't on CommSec, who's your broker?

Spamalot
Spamalot

Im dubious about mgc pharma. Got 2k on them, up 43%, i just cant see it going up. I want to put more money on them but im going to wait two more weeks and invest another 2k. Ive got a feeling its going to go down

Evil_kitten
Evil_kitten

@Stark_Naked

I got in at 0.36 late but still worth it. Was very hesistant beacuse I was watching it last year and it was a rollercoaster ride.

MPJ went through a name change, their ticket code is KAI now. Just checked on comsec and is not avaliable so I guess I wait till Monday and see.

SomethingNew
SomethingNew

@Evil_kitten
Thanks.

idontknow
idontknow

@RumChicken
@haveahappyday

Interesting, I see them being discussed on investorintel, they will not be producing in near time but no virtual developer will, however they are sitting on the 4th largest cobalt deposit. if there is a cobalt price spike, due to the coming shortage as the analysts say, Conico (CNJ) could be a cobalt Pilbara (PLS). thanks for the tip mate

Spamalot
Spamalot

@Need_TLC
@Spazyfool
@RumChicken

i bought mxc at 3.2 cps and sold out today at 5.1cps

sell while you can, there's no revenue out yet. let the hype bubble burst and buy back in

Evil_kitten
Evil_kitten

Also can anyone explain the shit going on with GXY?

up 100% in a month for no apparent reason. could the biz shills be this powerful?

Ignoramus
Ignoramus

@Spamalot
What do you think it will fall to?

girlDog
girlDog

@Spamalot

back to its intial pricing? maybe 3.0 to 3.5? there's been no news.. and they're selling cosmetic cannabis shit with one confirmed sale for 1 million in revenue this year.

IBG on the massive upswing atm, anyone in on that?

VisualMaster
VisualMaster

Cobalt with a huge rise today, was there an announcement or something?

I'm still new to this mining stuff. But i believe cobalt was a big by-product in nickel mining, nickel has become unprofitable so pure cobalt plays are looking to be able to set their prices with the shortage we may have.

What's good for lithium should be good for cobalt and the shrewd investor will look to get on the cobalt train before every man and his dog does.

Stupidasole
Stupidasole

@Evil_kitten
I think the company is just a good buy and everyone is catching on, the whole lithium sector is up by magnitudes over the past 6 months. There'll be adjustments.

@Evil_kitten
When did you get on MPJ? I got excited after their big Friday and bought last Monday at .01 like an idiot.
What do you see or hope to see the share price doing in the short term/ long term.
I'm just hoping for some good announcements relating to their tenements but it could go flat or sour really quickly with less than stellar news after their search.

@Inmate
Need these ASX threads, cant talk about the state of lithium or mining shares in the GXY thread, its pure memery over there now, actual information is ignored.

SomethingNew
SomethingNew

@VisualMaster

i'm willing to drop some money on cobalt, what's your pick?

kizzmybutt
kizzmybutt

@Spamalot
Yeah, bought in at 3.3, sold at 5.8

a nice 75% return

hairygrape
hairygrape

@Stupidasole
Gyx threads talk about everything

Snarelure
Snarelure

@hairygrape
how do i buy
how do i buy
to the moon
pump and dump!
shilling
talking about the movement of the price, no analysis

Yeah they're great

Emberfire
Emberfire

@Snarelure
You missed other threads. Just weekend bs

Nojokur
Nojokur

@Snarelure
The trick is to decipher it all. Lithium certainly is hot property right now and probably will be until the the race to build the worlds electric vehicles has clear leader/s. that will take a few more years yet. But hey you must decide for yourself.

Illusionz
Illusionz

@Nojokur
And then think of all the little companies along the supply chain that will benefit or play pivotal roles in this race of the EV, thats were you start researching then put your investments.

Harmless_Venom
Harmless_Venom

Anyone looked at Pioneer resources (Pio) got gold, nickle and Lithium in the play, brought some today myself.

5mileys
5mileys

@Harmless_Venom
Pio
Checking now!!

VisualMaster
VisualMaster

Any RAP holders in here? Thoughts on today's trading halt?

ZeroReborn
ZeroReborn

@idontknow
32% today wtf? how did I miss this

AwesomeTucker
AwesomeTucker

@VisualMaster
@SomethingNew

read this anons analysis on cobalt, it's the same guy that analysed lithium stocks a week ago and started the whole gxy meme.

>>1189213

GoogleCat
GoogleCat

AusFag here - i'm throwing down some of my shares your way - PIO, CNJ, BAR, EDE, BPL, AJM, GXY, GMM, PLS, NMT

buy em all, buy some or buy none. don't give a shit if you fags don't believe me, i'm up like 10k.
do some research but them tickers a good place to start

cum2soon
cum2soon

@GoogleCat

all of those stocks are up, which leads me to believe if I buy in it'll be near the peak and I'll be a worthless bagholder

Emberfire
Emberfire

@VisualMaster
Last I heard its a cap raising at 0.20. If so, I will buy in after it heads a little down.

Bought into CNJ today and ADV. ADV seems to be the forgotten lithium holder, and looks cheap after great results. I think it'll trend up very shortly.

Again, congrats to MXC, up to 6.2 on close. That's a fucking great swing if you're on it fellas, I unfortunately missed it.

whereismyname
whereismyname

@AwesomeTucker
thats some good shit, thx man, gotta look into conico

Techpill
Techpill

ADV went down today despite announcement good quality lithium in drilling. Going to jump in early tomorrow.

Snarelure
Snarelure

By the way I'm fairly new. I've got 15k to play around with so how many companies should I have in my portfolio? I'm thinking of having two low risk companies like pls, ajm, and perhap gxy , then having 2 or 3 high risk companies whom are priced low.

I wish I could do more research but this lithium boom is taking off too fast and it appears these opportunities don't come around often.

girlDog
girlDog

Has anyone here tried Commsec CFD's?

Is $500 starting margin enough to play in this platform? Can you trade after hours (ASX)?

CouchChiller
CouchChiller

Bump, bought ADV today think I dun goofed

DeathDog
DeathDog

@CouchChiller
Why are you worried?

Raving_Cute
Raving_Cute

@CouchChiller

bruh I wish. I placed a buy order in last night and it wasn't fulfilled and now i missed out on 20pc gains

Booteefool
Booteefool

ALL OF THESE LITHIUM STOCKS ARE STILL GOING UP WHENS IT GOING TO DIP

Sir_Gallonhead
Sir_Gallonhead

@CouchChiller
ADV is still a good choice. There is a lot of cash moving between all the Lith companies people are spoilt for choice, a drop in price is a good buy opportunity for other investors. To the MOOOOON!!

Soft_member
Soft_member

PIO is the only one that dipped, looks like that's my play

Deadlyinx
Deadlyinx

@Soft_member
Nice! Keep an eye & ear out for announcements and other talk around the traps.

Emberfire
Emberfire

@Raving_Cute
Yeah I missed out most of it too. Got in at 4.4

Firespawn
Firespawn

Pallister on hc has like 400k on pio, he shills hard but I still think pio is legit

Dreamworx
Dreamworx

@Firespawn

I did some reading, their website is pretty nice and they have 3 projects in development at the moment which ensures a steady stream of news which keeps the share price moving.

Feeling good desu senpai

Nude_Bikergirl
Nude_Bikergirl

@girlDog
I think you need $5k to open a CFD account

King_Martha
King_Martha

why the hardon for cobalt? price hasn't moved.

Deadlyinx
Deadlyinx

http://www.proactiveinvestors.com.au/companies/news/68159/lithium-australia-nl-gets-busy-in-worlds-largest-lithium-clay-province-68159.html

Methnerd
Methnerd

http://www.proactiveinvestors.com.au/companies/news/68163/segue-resources-ltd-lifts-lithium-land-holding-in-key-wa-province-68163.html

whereismyname
whereismyname

@Dreamworx
What price you get in and how much? I will join you with around 100k shares soon

Sir_Gallonhead
Sir_Gallonhead

AJM appears good value at the moment. Might dip below 25c

Methnerd
Methnerd

@Raving_Cute
@Techpill
And ADV jumps 25% today - hope you got in early bruh.

Are we ignoring the MXC pump and dump today? Lucky those who sold out at 8.6, I feel sorry for the suckers who bought it at that price.

Burnblaze
Burnblaze

@Methnerd
8.3 cents even

Emberfire
Emberfire

Any idea on what us e brokers have access to pioneer and the rest.
IV got Galaxy OTC right now with a 22% gain so far, just can't find the others

Firespawn
Firespawn

@Methnerd
I bought in at 3.4 cents. I wish i sold earlier around 7 cents but I chickened out, which I obviously regret now

I'll sell around mid 6 tomorrow if it get's that high on no announcement

TalkBomber
TalkBomber

So all of these are only for ausfags right..?

Burger here and the only thing ive been able to get in on is GALXF

love you guys

BunnyJinx
BunnyJinx

@Firespawn
I think back to the 4's tomorrow bruh

GoogleCat
GoogleCat

@TalkBomber
Sorry bruh, all ASX all day

whereismyname
whereismyname

@girlDog

contracts for dickheads

Illusionz
Illusionz

Merry Christmas, ya filthy animals

idontknow
idontknow

Help me out here fellow ausbrahs, I'm with commsec atm and you must buy a minimum of $500 (which im pretty sure all banks in aus are)
..is it time to some of my trading money to bitcoin?

lostmypassword
lostmypassword

@idontknow
Wut - is it time to convert your BTC to cash and trade? Yes. But with $500.00 you might as well go to the Casino - better returns

kizzmybutt
kizzmybutt

@lostmypassword
I mean like, i'm 18 with a bit in the bank from saving and a generous aunty.. I've already invested a tiny bit into trumpcoin.. just for fun really but it really is a nice thing to not have to pay a minimum of $500 to trade.

Techpill
Techpill

@kizzmybutt
brokerage fees will kill you. you pay $20 to buy, and another $20 to sell. this means you need to turn your $500 into $540 just to break even. it's not worth it.

Flameblow
Flameblow

@Techpill
I know, esp with commsec - its 40$ to sell and $40 to trade. Bitcoin/c-cex has been good.. a good change.

TalkBomber
TalkBomber

@kizzmybutt
Min 2 grand on blue chips or its not worth it. Its my rule pretty much every other trade I do is 4k or over now.

Dont waste your time on small busy. Do you do your DD and stop memecoining.

StrangeWizard
StrangeWizard

@TalkBomber
In all honesty, i had won about 700$ at the casino so i spared a few hundred about bought $trump.. so far so good actually.. i want this to be a learning curve for me - Life for me atm is Study/business/trade/workout/ im enjoying myself

whereismyname
whereismyname

@whereismyname

bought 50,000 at 2.3cps

@kizzmybutt

get some more money before you start. 20% gain on $500 is nothing to give a shit about

Nojokur
Nojokur

@whereismyname
@whereismyname

actually 60,000 my bad

Fried_Sushi
Fried_Sushi

What services do you use to trade stocks?

Bidwell
Bidwell

@Methnerd
bought at 3 panicked and sold at 5.8 then saw it rise to 8 fuck my life.

But atleast I didn't buy at 8

Inmate
Inmate

@Methnerd

Brought in at 5.6 today, probably one of the most exiciting pump and dump I've seen so far.

Feel for those brought at the high's. What does everyone on here think about MXC? In comparision would it be better then MMJ?

hairygrape
hairygrape

@Inmate
@Bidwell
where are you buy /selling?

Carnalpleasure
Carnalpleasure

@hairygrape
MXC, if that's your question.

@Inmate
It has great potential and I will be buying back in once it goes a bit lower. it hasn't even gotten any revenue yet apparently and it is still yet to grow crops in Australia. it will for sure go over 10 cents at some point this year and has a lot of potential to hit 20 or even more depending on what happens.

Burnblaze
Burnblaze

@Carnalpleasure
http://www.mcxindia.com/

this one? idk about trading but want to get into it

TalkBomber
TalkBomber

@Burnblaze
MXC - MGC Pharmaceuticals

Medical Marijuana supplier in Australia, which we just legalized.

RavySnake
RavySnake

@TalkBomber
how do you invest in it?

BunnyJinx
BunnyJinx

@RavySnake
You need to get an account with a broker.

I'm with Nabtrade which I would recommend because it has the lowest buy commision ($13.50 per purchase i think)

Once you do that you need to transfer money from your bank into your trading account just look the company up on your nabtrade account and click buy, then select how many shares.

If you really don't know anything about stocks then I don't know if I would recommend using your own money right away. There are stock simulators you can use that give you about $20k fake money to play with.

But if you want to use your own money then go ahead, you'll learn more that way anyway.
MXC is a good investment but don't buy until its about 4 cents.

Stupidasole
Stupidasole

@BunnyJinx
ah sweet, im with nab so that part should be easy.

Is it then just a buy / sell button thing?
Ive got 3.5 grand thats doing nothing, so what is the minimum amount that i should consider investing?`

Booteefool
Booteefool

@Stupidasole
im with nab

Oh nice, your funds will transfer into your trading account immediately in that case. I have to wait a day or two.

Is it then just a buy / sell button thing?

Yep, then you select how many shares you want to buy and choose which price per share you want to buy for. It will tell you what price on average that shareholders will currently sell to you for (Called the 'Ask'), but you can try go a bit lower if you want. Once someone sells their stock for the price you have set you will have bought them. Then when you sell it's the same process except you set what price you want to sell for and wait for someone to buy.

Ive got 3.5 grand thats doing nothing, so what is the minimum amount that i should consider investing?`

That's fine to start out with. I started out with 500 and was able to make some decent profits with that over time.
A lot of people will tell you that you need something like 50,000 to get started. and if you want to see massive profits then you would, but it isn't essential.

Soft_member
Soft_member

@Booteefool
ah thanks for the advice, i didnt realise it was exactly like a bidding thing and the stock price was actually an average.

Ill be sure to credit you when im forbes 100.

Poker_Star
Poker_Star

@Soft_member
No worries mate.

It's complicated and intimidating at first. Just pace yourself and learn as you go. You'll be right.

VisualMaster
VisualMaster

@Stupidasole
@Soft_member

3.5 g is a good amount. I started with 4 and ended up with 10 6 months later

if you want sick gainz you have to put it into penny stock micro caps, risky but you can get 400% return if you get in early. otherwise you can be an old man and do the bluechips and get dividends but its not worth it with such a low amount of money

Fuzzy_Logic
Fuzzy_Logic

@VisualMaster
This.

No way I'm paying $70 a share to see a 2k profit in 3 years.

Supergrass
Supergrass

Pretty much lithium related at the moment seems to be on the rise or have the potential for huge increases.

When is this likely to stop? How soon before the weedy companies are pruned and the industry consolodates?

Just following share prices for the past two weeks it seems nearly impossible to lose with these.

takes2long
takes2long

@Soft_member

Like what @Poker_Star
has said, is complicated and intimidating at first but you will get the hang of things. Just remember to research and afford what you can lose.

The market itself is like a giant casino. Good luck and enjoy learning the markets, everyday everyone is learning.

SniperGod
SniperGod

@TalkBomber
@Emberfire
If your broker has international share trading, but I am fairly sure you can set up a broker account with an australia bank if you are overseas- I'd recommend Nab-trade.

Burnblaze
Burnblaze

@Supergrass

Lithium explorers have been traded on the asx for 10 years, and during all their peaks and troughs the sector hasn't experienced consolidation. This time won't be any different: the five year outlook for Galaxy will resemble the previous five years.

Crazy_Nice
Crazy_Nice

@Supergrass
Those that start producing in 2016 and get their offtake agreements are over the cliff and will establish. Others are weeded out.

If you need tickers: ORE, GXY are over the cliff (ORE just needs to finally get its shit together)

PLS, AJM, ADV, NMT, LIX, NMX etc. are going to get weeded out. (NMT is going to get pushed out by Ganfeng eventually from the Mt Marion project, good for them, bad for the investors though, should have read the agreements, PLS is so far behind that even if everything goes as planned the production will start in 3-5 years tops, with CAPEX and OPEX eventually diluting the stock massively)

The market demand for lithium will saturate with the new producers by 2017, the following years big lithium demand economies are going to establish inbound producers (China e.g. - take Molycorp as an example for rare earths and their fall due to China). 2015 was the smart money year, 2016 the hype year, 2017 the bubble burst on the weed companies, others will stabilise and establish supply chain positions, as an example GXY that already has a supply chain position since it already functions as a front for Mitsubishi which buys 100% of the offtake and resells to converters. GXY also has strong ties with Tianqi since the China days.

Lunatick
Lunatick

@Crazy_Nice
So you're saying speculator hype for the virtuals will die down after 6months- 1 year?

But those that are actually producing will likely further consolidate their positions.

What about buyouts and such, is it good to be holding a stock with good tenements that could potentially be bought out by larger miners?

Emberburn
Emberburn

@Crazy_Nice
Good summary. One more consideration is what will be more acceptable(to the hippies who will be the first to by these electric cars no doubt) Rock or brine extraction?

Techpill
Techpill

XTV holy fuck that was a fast 20 grand.

takes2long
takes2long

@Techpill
up 188%

Holy fuck man. Good job.

iluvmen
iluvmen

@takes2long
Bought in at open, seeing the deal they announced is revenues of 3x their market cap.

lostmypassword
lostmypassword

@iluvmen
How did u find the company? Already knew about it? Fuckin jealous as FUCk

Methshot
Methshot

@lostmypassword
Didn't know about it, I just read most market sensitive anns in the morning and do a very brief check on company MC and what industry they're in.
Huge flag when I find market cap after quadruple checking was only around 20-30 mil.

SniperWish
SniperWish

@Methshot
It doesn't look like a pump and dump. Are you planning to sell? People on hc say it will keep going up. Tempted to put 500 dollars on with my free brokerage

WebTool
WebTool

@Crazy_Nice
I would have though pls are in close to prime position. They hold the most spodumene which is much preferred over brine.

Fried_Sushi
Fried_Sushi

@SniperWish
Yea I've sold already because I margined 30k and couldn't risk overnight. Still undervalued and yes should either go up again tomorrow loads or go for a multiday run.

Nude_Bikergirl
Nude_Bikergirl

@Techpill
well fucking done

Crazy_Nice
Crazy_Nice

@Methshot
i looked into them last year

look at their tech and thought it was glorified youtube that wouldn't go anywhere. i think my exact thought was 'who the fuck would pay for this shit?'

fml

BunnyJinx
BunnyJinx

@Fried_Sushi
i was looking to buy in, do you think the company is still undervalued? that latest announcement seemed really good

Raving_Cute
Raving_Cute

@SniperWish
@BunnyJinx
@Fried_Sushi
Put in a small order of $880.

Hope tomorrow keeps going up for a nice little profit

TreeEater
TreeEater

@WebTool

They just release their SPP, with the extra budget depending on how many will purchase it will assist them with setting up their production I'm guessing.

I'm trying to release funds so I have 15k in hand and get those 15k at 0.36cents per share. Ofcourse they can retrace it and probably get less then that but at 0.38cents and looking at long term that's like a bargin.

Carnalpleasure
Carnalpleasure

@Fried_Sushi
@BunnyJinx
@Raving_Cute

Fuck this looks really hot. What did you place order at? Think, Itll jump out of the gates tommorow morning?

Stupidasole
Stupidasole

@Carnalpleasure
2.7, it's 2.6 but I want to be on the safe side and buy early.

The general consensus is a 4.5 close. Really optimistic people predict near 10 but come on...lol. 4.5 is pretty likely though and that's a damn good profit.

cum2soon
cum2soon

@Stupidasole
Im gonna throw $500 on it because i know fuck all about the company and it feels too good to be true. think I'll bid the same at 2.7

kizzmybutt
kizzmybutt

@cum2soon
Good luck brother.

Hope we're both a bit richer tomorrow

Supergrass
Supergrass

@cum2soon
Looking like a big open.

This thing is going to be volatile as fuark

Nude_Bikergirl
Nude_Bikergirl

@Supergrass
Have you bought yet?

5mileys
5mileys

@Nude_Bikergirl
Bought at market for open.

Carnalpleasure
Carnalpleasure

Just bought into XTV at $0.034. Good or bad?

LuckyDusty
LuckyDusty

@Carnalpleasure
3.2 for me.

Let's hope this isn't a fucking dump

Supergrass
Supergrass

@LuckyDusty
got in at 3 for me. i don't care if it's a dump. i will still ride this through. i'm sold on the announcement alone as the revenue they would generate would be well over their market cap. seriously undervalued

Lord_Tryzalot
Lord_Tryzalot

@Supergrass
Yeah true.

Was hoping for a quick profit but I guess it's a hold.

eGremlin
eGremlin

CNJ HOLY SHIT - get on it.

TurtleCat
TurtleCat

@eGremlin
Was really lookin at CNJ but got caught up in the XTV excitement....

And a chance to top up GXY today.

Exciting times ausbros

MPmaster
MPmaster

@eGremlin
kickin myself

Poker_Star
Poker_Star

@eGremlin
buy now or wait for 0.02?

Harmless_Venom
Harmless_Venom

Would have suggested buy in the morning but it's up again to .033. It'll be a winner of the day. %50%

massdebater
massdebater

Is it too late to hop on the lithium train lads?

SniperWish
SniperWish

@5mileys
@Carnalpleasure
@Supergrass
Bad day for us who bought at the open price

Hold on though boys

JunkTop
JunkTop

@SniperWish
Apparently the deal is going through in July, I would hold until then and see what happens to price

Dreamworx
Dreamworx

@RumChicken
FUCK, WHY DON'T I READ THE THREAAD!!!

Carnalpleasure
Carnalpleasure

Bought in XTV for 3.2 cents

What do you think will happen with it this week?

RavySnake
RavySnake

@eGremlin
Is it too late u think to open at tomorrow's market open?

Lunatick
Lunatick

@Carnalpleasure

Nothing, it's a rubbish company. Buy a real business like Appen.

Playboyize
Playboyize

How do you day traders/frequent traders deal with all the tax?

Isnt there capital gains on every sale?

So you need to file a billion page tax return?

Flameblow
Flameblow

@Playboyize
Comsec do a easy spreadsheet thing that you can hand to your accountant or import into etax,

CGT is also 50% of your normal tax rate, making it cheap as fuck.
You can also offset losses to pay less tax if you had losing trades also.

RumChicken
RumChicken

@Flameblow
I will pay no tax at all this year because of this offset.

Thanks SGH.

eGremlin
eGremlin

@Flameblow
Cheers i'll look for the feature

SniperWish
SniperWish

@eGremlin
@Flameblow
Couldn't find the etax spreadsheet in commsec...

Halp?

Ignoramus
Ignoramus

@SniperWish
I bought @ .029. Happy to hold. A lesson in not buying into hype though and not buying at market open. I did it before with MPJ bought at just under peak. I shouldnt be silly enough to make the mistake again.

Any experienced penny stock guys have thoughts on times for buying of volatile stuff?
Market open just seems too crazy to make an evaluation on where something is going particularly after a good day.

Illusionz
Illusionz

@Ignoramus
A lesson in not buying into hype though and not buying at market open.

That's definitely a hard lesson I learnt today. Praying it goes back up so I can at least get out with a profit or even just my money back.

I made quite a bit on MXC and originally planned to buy back in. I'd have a 16% increase on my money if I did but instead I'm down nearly $200.

Need to be more careful.

Booteefool
Booteefool

@Illusionz
The XTV product itself actually looks pretty shit, I don't fully understand it but i read through the announcement PDF. Some kind of tele-video interface technology with cloud involved.
Interesting potential but the presentation of the product itself looks very meh

MPmaster
MPmaster

@Booteefool
Agreed, it looks like what people from the 50's would imagine in the future.
Ugly as fuck.

I only invested to get in on the hype for a quick profit but now I'm stuck with this shitty company with this shitty product and I'm losing money. Just fuck my shit up family

happy_sad
happy_sad

@Ignoramus

Sell at open normally they are high during that time, I buy when is close to closing 15 minutes windows, prices drops. Is not always the case but this is what I seen with quite alot of companies.

Also depends on what you're investing in for, quick profit or holding for a long term.

If others have tips please share. :)

idontknow
idontknow

@MPmaster
Another announcement of interest or some positive news and price will jump i reckon. Set some sell orders at small profit if you want out and cant afford to hold.
Think I'll hold til July or so. Sell if it jumps up after this 90m deal is sealed

Poker_Star
Poker_Star

@idontknow
I bought at 3.2

What is a nice and realistic sell order to put in?

Stark_Naked
Stark_Naked

@Poker_Star
not sure man. heaps of resistance at .031 and .032 if it manages to break those it could go up another 4 places. .036 maybe?

Just looking at the sellers vs buyers here. they're abought even. doesn't look too good for advancing tommorow i think.

You have much experience trading or just starting out? what else you holding?

BlogWobbles
BlogWobbles

@Flameblow
The CGT discount is only available to assets held for a period greater than 12 months, it exists to encourage investment, rather than frequent trading.

StrangeWizard
StrangeWizard

@Stark_Naked
Starting out.

I bought AOP as my first trade for 8.5 and sold 9.5

Then bought MXC for 3.3 sold 5.8, so far so good until now.

Only XTV at the moment. I don't have enough money to hold multiple things at the moment.

Nojokur
Nojokur

Haven't dabbled in stocks for a while now but I think it's time to get back in the game because MXC seems like a really good investment.

Raving_Cute
Raving_Cute

@Nojokur
also GXY

lostmypassword
lostmypassword

@StrangeWizard
There's my watchlist for companies that have some interest in lithium.

Im holding GXY and GMM and im up 70% over the last 3 weeks, both are solid companies at these prices.
I bought MPJ after a spike and it flattened off. theres potential for rise theyre but its a risky one. made the same mistake as XTV
but pretty much every one has been up over the past couple of months.
Pick a price range and do a bit of research. you cant go too wrong at this stage. lithiums hot stuff for the next few months

Deadlyinx
Deadlyinx

@lostmypassword
Cheers man. I've heard a lot about lithium lately but having been paying too much attention
I'll look into it.

Good luck with your holdings and wish me luck with XTV lol

StonedTime
StonedTime

CUL is supposed to go off today or next week

Skullbone
Skullbone

@Booteefool
lithium is a rare-earth metal and is never going to go down.

w8t4u
w8t4u

pic related
My current portfolio.
I just started on the stock market 2 days ago. Any advice?

Bidwell
Bidwell

@w8t4u
forgot pic

StonedTime
StonedTime

@Bidwell
Buying meme stocks

Shit son I wish I had 1.5K to literally throw away.

Real advice: buy and hold something like VHY. Or, if you're dumb enough, buy warrants and bet on ASX50 stocks using technicals. I made 130% just last week from seeing CBA hit 70, buying CBALOC and then selling when CBA rebounded to 75.

DeathDog
DeathDog

Should I buy property in Tasmania?

Dubs decides.
Trips overrules dubs.
Quints and I'll give away all my worldly wealth and go live in the bush subsisting on my own shit for recycled nutritional value.

Crazy_Nice
Crazy_Nice

only put 500 dollars on IOT

w8t4u
w8t4u

Holy shit GUYS XTEK, get on it! Their tender for the Aus army is going to be announced sometime next month.

This isn't a meme

Poker_Star
Poker_Star

@w8t4u
How do you know this?

Carnalpleasure
Carnalpleasure

@Poker_Star
xtek also sold some samples to the Aus army, and the Aus army really liked it

xtek is the only firm who tendered for the Aus army for drones and their equipment

it's suppsoed to be announced late this month and early next month, i predict 0.80-1.00 per share.

management has been overhauled since 2012-2014 - new directors has cut out all of the old players which were holding back XTEK. management is getting better and better

VisualMaster
VisualMaster

@DeathDog
I can't wait to leave Sydney...

I'm going to get a settlement of ~40,000 in a few months, what should I do with it guys? I have a car and a 20,000 HECS debt.

GoogleCat
GoogleCat

Hey Ausbros, I'm looking for some long term options. Currently 22 with $15k in the bank and $3k in shares. Invested in WOW, BHP, NCM, STO previously and just sitting on them. Anything else I should be watching?

Booteefool
Booteefool

@GoogleCat
For long term, I would recommend you put at least some of your money into index funds and get out of the australian market using ETFs.

Consider VTS for the US market, and if you want something focused on Aus, I like VHY, or also consider VGS for the world ex Aus.

King_Martha
King_Martha

@Booteefool
Can I buy them through Commsec? Or do I need another international account?

I hate the shitty AUD fluctuations, I want to be able to travel sometime and not go from rich to poorfag while I am because my stocks are all AUD.

Spamalot
Spamalot

@Booteefool
Great, thank you for the advice

Soft_member
Soft_member

@GoogleCat
Oh and sign up for dividend reinvestment plans or reinvest dividends manually if there is no plan. DO NOT FORGET THIS.

haveahappyday
haveahappyday

@King_Martha
All the ETFs I mentioned are traded on the ASX like any other stock.

Buying international stocks through Commsec is hella expensive, and the process of getting a Commsec international account is a major pain. If you want to trade in other markets, open accounts with a different broker (I use NAB these days).

Methshot
Methshot

@Carnalpleasure
With a market capital of 9 million, how would a tender worth 1 million double their share price?
Or am I looking at the wrong contracts?

Flameblow
Flameblow

@Soft_member
Noted

BinaryMan
BinaryMan

Is XTV dead or should I keep holding it?

GoogleCat
GoogleCat

@BinaryMan
Latest announcement says there was no acquisition, only talks. Because its already sunk id probably wait til July

takes2long
takes2long

@BinaryMan
Yep It's going to go down down down and stay down.

Inmate
Inmate

@BinaryMan
I sold out.

Took a $270 loss but better than losing more.

Gigastrength
Gigastrength

@Inmate

ETSAPL
ETSMCD
ETSGOA
ETSGOC

Why does the offer and change stay at 0?

You can't buy them? I thought these were ASX versions of American listings but I'm probably wrong.

Carnalpleasure
Carnalpleasure

@Inmate
Still cheaper then a bullshit tafe course. ;)

Snarelure
Snarelure

@Gigastrength
Those look like call warrants

LuckyDusty
LuckyDusty

@Carnalpleasure
@Methshot
Pls respond, want to buy before close of market

JunkTop
JunkTop

@LuckyDusty

do research if you're wanting a response - i put 2.5k on it to see if the order will fill but am not really sure if this guy is a shill or not based on what I am looking at.

Stupidasole
Stupidasole

@JunkTop
@LuckyDusty

i put my bid in at 36 - looking at sellers theres more at 39 but i dont trust Veeky Forums that much : /

Stark_Naked
Stark_Naked

@Stupidasole
well you seem to trust it enough to put down 2.5K

you idiot

farquit
farquit

@Stark_Naked

2.5 if it goes long isn't a bad choice - no info to say the company is going bust so if it holds at this i'll offload.

looking at the sellers / buyers even without news its not unsafe but if it doesn't churn insta-profit it's no drama.

reasons I know you're a pleb: 2.5k isn't make a play money - its meh money.

askme
askme

@farquit
i'm heaps rich but i don't know a fucking thing about investing and go off 1 post on an anonymous forum that has no evidence

sure is trust fund baby retard in here

hairygrape
hairygrape

@askme

I'll take what is personal research for 500 Alex.

Methnerd
Methnerd

@hairygrape

you already said your research showed you nothing

TreeEater
TreeEater

any thoughts on IOT? they jumped 50% with massive volume and no announcement?
is this company legit? them seem to sell the roam-e selfie camera?

Emberburn
Emberburn

@Methnerd

Where did I say that?
I said I didn't know if he was a shill and that I dont trust Veeky Forums that much.

Stability of the share with no negative announcements coupled with the fact its dipped (with speculation of an announcement(which could be bullshit lets be real)) means if the order fills at 36 I will just sell at 39 without any concern.

He gave a tip which may or may not be awesome - but if it turns out not to be theres no indicator the price will drop or then company will crash.

RavySnake
RavySnake

@TreeEater
they jumped 50% with massive volume and no announcement?

Pump and dump. You missed it, stay away.

LuckyDusty
LuckyDusty

CNJ up yet another 33%

CodeBuns
CodeBuns

@RavySnake
how do i find companies which are being pumped and dumped. i'm trying to stayaway from hotcopper because usually they announce the news before it's too late, and too many suckers buy into it - losing money and getting duped by the eternal jew

oy vey

Lunatick
Lunatick

@CodeBuns
how do i find companies which are being pumped and dumped

That's honestly pretty tough. A lot of pump and dumps happen with no news. For example, MXC this week shot up from 4 cents to 8 with no news and it was of course a dump the next day.
Other companies have news such as XTV that I was jewed on because I'm and idiot. Pumped Wednesday, dumped Thursday.

i'm trying to stayaway from hotcopper

Good. Only go there occasionally and be very cautious about what they say. They are way too biased about their stock.
"Gonna go up to 10 cents today boys"
price drops dramatically
"Heh, minor set back. I myself have topped up :^ ) get ready for 50 cents tomorrow! $1 by the end of the week!"

Bunch of problem gambler 55 year olds

viagrandad
viagrandad

@RavySnake
It wasn't a pump and dump. There are several articles in online newspapers about it being sent to presidential nominees in the US

askme
askme

@viagrandad
you might be right. i bout in at 3.2 cents
and there didn't seem to be any dumping towards the end of the day. there website seems nice (in comparison to xtv, which i'm sure must be some sort of joke)

Methshot
Methshot

@Lunatick
"Heh, minor set back. I myself have topped up :^ ) get ready for 50 cents tomorrow! $1 by the end of the week!"

so you cucked out of GXY

BinaryMan
BinaryMan

Look
-Don't follow crap parroted on the internet.
-Do your own research.
-Avoid scam artist sly talkers who want to bullshit you on stocks.
-Learn from your mistakes.
-Learn how to handle risks and setbacks (things rarely go 100% all the time)

AwesomeTucker
AwesomeTucker

I'm using comsec and my buy parcel was partially executed.. What happens now?

I put buy at 0.049 for 60,000 shares for BAR at 3.59 pm and 50,000 executed now leaving me 10,000.

Can I cancel 10,000 shares that wasn't executed and just keep the 50,000?

PurpleCharger
PurpleCharger

@Lunatick
Yeah hot copper is just full of fool and scumbags.

CodeBuns
CodeBuns

@AwesomeTucker
It depends on what your order was. If it was Good For Day, then your order will be purged. If it was Good Until Cancelled, then it will stay in the market until you decide to cancel it. Neither costs you any extra fees.

haveahappyday
haveahappyday

Thoughts on GMM and GXY?

Realistically where do you guys see Lithium miners by the end of 2016? End of 2017?

It seems like too many people to have skin in the game to give an opinion, especially on Veeky Forums and somewhere like hotcopper or any other online forum - I've heard the supply for Lithium won't catch up to demand until 2018 but the main problem is there just being so many firms competing not all will make it, based on recent dips is it time to go all in?

lostmypassword
lostmypassword

@AwesomeTucker
if you cancel it, it will automatically charge you for the 50,000 shares and the 10,000 will be purged

hairygrape
hairygrape

@BinaryMan
dump it. I took one look at their website and thought wtf!!! looked at their pdf presentation.... wtf was it designed on windows 95 system. The whole company and it's foundation looks like they are stuck in 1998

Gigastrength
Gigastrength

Rate my bulletproof idea

-Steal someone's wallet.
-Use their license and Medicare card to create a CommSec account with random address, number
-Sign up for the CDIA account so your bank won't be linked
-Put a million dollars or whatever on a stock that will break out within 2 days
-Sell before T+2 settlement and CommSec are none the wiser
-If you lose money CommSec can't find you, given you take the necessary precautions ie proxies and using public computer etc

Deadlyinx
Deadlyinx

@hairygrape
FUK
hoping it recovers past 3c so I can ditch it.
I thought this deal with AT&T was the tits and we'd see it hit 10c eventually?

Emberburn
Emberburn

@Deadlyinx
A few of us got burned on that one. Them hot copper fuckers are good at the shill.

There's still a chance it'll go up in July, I'm holding 1k worth personally, bought at .029.

@haveahappyday
Holding 1k of both. I really don't know what the future holds. but they' ve been good to me so far combined 80% return before the days previous dips.

They're certainly frontrunners for australian lithium behind ORE, if you'll take a look at the price of PLS I think the market will adjust for GMM and GXY being on top, whether that means PLS going down or those two going up further I cant say.
But im still holding so I expect gains

Firespawn
Firespawn

@Emberburn
PLS has the second most spudemene in the world. They will be at 3 dollars soon enough

SniperGod
SniperGod

@Firespawn
Do you actually think that or are you just wishing for that?

DeathDog
DeathDog

CNJ my friends - happy to say I went in at 2.3 cents on Monday and sold today at 3.7 cents. Very happy.

BinaryMan
BinaryMan

@Emberfire
This is me - and I'm still holding ADV, I think it's got legs.

BunnyJinx
BunnyJinx

@DeathDog
I was thinking of just leaving my $500 in there for the long haul.
Who knows, maybe they'll pull a producing mine out of their arse next year.

Stupidasole
Stupidasole

@BunnyJinx
Look I can understand the attraction - hell I missed a few pips today by pulling out when I did. However, my trading strategy is to get the profits out when I can, once a stock has passed a certain point, then reinvest. I made over 50% on this stock in four days, I can re-inject the capital on a down day, or I can put that somewhere else. Hell I can even burn some having a great time and still have the original capital to shove back in.

The profits have to be taken at some point or all you are dealing in is potential profits and not actual cash.

Just my two cents

Nojokur
Nojokur

@Stupidasole
Agreed. I bought yesterday at .03 and sold today at .036

Dreamworx
Dreamworx

@Emberburn
I got 50k..
Hope there's an upswing in July

Spamalot
Spamalot

@haveahappyday
Gxy and Gmm will do well. They are currently producing and Gxy has been in the biz for many years and have many connections in the game. Those two in the long run will do well especially gxy

Soft_member
Soft_member

@BinaryMan
Adv crew

askme
askme

Opinions on TKL guys? Most promising tiny-cap Lithium company I've seen.

Flameblow
Flameblow

@Lunatick
are there ANY forums? where can i undertake credible research?

whereismyname
whereismyname

@Flameblow
Not really.

You should still read through them, but always question if what they're saying is true.

Remember that this is basically a slightly better form of gambling.

Illusionz
Illusionz

Anyone jumping on the PLS SSP offer?

Spamalot
Spamalot

@Illusionz

I've been in PLS from the start up 60%

GoogleCat
GoogleCat

COME ON Celgene, you cocksuckers! Tell us what you intend to do with your optionon MSB licences! The time was up last week!

New_Cliche
New_Cliche

@Flameblow

http://www.trakaresources.com.au/reports

Emberburn
Emberburn

Have a look into SEG. Only 80km from Pilbara and will take off if they get lucky. Good opportunity to get in on ground zero.

@Illusionz
Yes, going in with $15k but it will probably be scaled back big time.

@Spamalot
start
60%

PurpleCharger
PurpleCharger

@Emberburn
looks p shit m8. They're issuing shares like candy, with plans to issue more, and I don't see how this company is worth half the current 8mil mcap

Fuzzy_Logic
Fuzzy_Logic

@PurpleCharger
It's very high risk for sure. It's definitely an all or nothing stock. I only put in $2k on the back of a tip from sources in Port Hedland.

New_Cliche
New_Cliche

@Fuzzy_Logic
Sources?

whereismyname
whereismyname

@New_Cliche
I have a friend in the know who's been in Port Hedland for the last 4 years. Most of the shipping in central/northern WA goes through there. He's been on lithium since 2014 and an absolute fortune.

Spazyfool
Spazyfool

@Emberburn

Start IE, Since I got info on the business and started posting about it on Veeky Forums

Dreamworx
Dreamworx

@whereismyname
So what's his tip based on? Just hearsay? Or does he actually have some real knowledge?

Crazy_Nice
Crazy_Nice

Seg is junk. I'd avoid it if I were you. I would seriously avoid a lot of the lithium virtuals actually especially the junior ones

takes2long
takes2long

@Emberburn
So if I were to buy this off etrade would the price correlate to the Australian exchanges?

I'm obviously pretty new to this and I've been interested in a lot of Australian and Canadian stocks but it's very finicky to find them on American brokers and the lack of information displayed has me worried that they won't be responsive if the price does rise.

askme
askme

@Flameblow
To be honest, and this sounds retarded, but this place has had the best tips for me yet. OFX (15%), CNJ (50 something%) and ADV (not yet sold but already up past the 15% mark).

No real duds, but I do avoid the bullshit calls for some of them, you still have to consider your risk and do your own checking.

Hotcopper is a bunch of fucking shit, don't ever pull a tip from there - responsible for two of my biggest losses.

@Dreamworx
This looks super speccy.

King_Martha
King_Martha

@askme
Hotcopper is a bunch of fucking shit, don't ever pull a tip from there - responsible for two of my biggest losses.

What makes you say that about hot copper (especially compred to /biz)?

I think it's been interesting to read the shit they put up there but many of the people on there are holders I think?

Stark_Naked
Stark_Naked

@askme
I haven't bought into any stocks that have been memed on Veeky Forums, but I have created a 'meme stocks' watchlist.

StrangeWizard
StrangeWizard

@Crazy_Nice

All minerals companies are junk

w8t4u
w8t4u

@King_Martha
People there have an abundant amount of bias to their own stock. Talk about the rocket ships blasting off when they're holding like some quasi-esq positive reinforcement technique like "the Secret" or some shit.

Think about. I buy my stock at 0.10 cents, and then I tell you its the next greatest thing, but you can't get it for less than 0.11 cents, which means my value necessarily increases on paper.

I look at some of their stuff, but 80% is fucking dogshit.

Firespawn
Firespawn

@w8t4u
This is why it's often best to not talk about your positions until they're closed.

Once you start talking about it you become more and more emotionally invested in your position, and that'll cause you to make bad decisions. And suddenly you could've gotten out with a 5% loss, but you stayed in for a 45% loss instead.

Don't get married to your positions. Divorces are expensive.

AwesomeTucker
AwesomeTucker

@lostmypassword
MPJ

MPJ or ASX:KAI which they are renaming too is gaining awareness in the lithium market. They have loged applications for extra tenements in the Pilbara region.

Their tenements are nicely positioned and is going to get intresting, but like you said they are risky but the gains would be be nice!

Their neighbors PLS, DKO and AJM have come back with great drilling results and SP spike high, can't wait for them to start sampling and give us the results we are hoping for!

For those that miss the litium train this can be a start as they are undervalued at the moment and there is potential they follow their neighbors and peers.

DYOR!

whereismyname
whereismyname

@King_Martha
99% on hotcopper are holders in denial that their stock is doing bad.

They'll always try to convince you that it's going to skyrocket just to get more people on board.

Stark_Naked
Stark_Naked

@whereismyname
They'll always try to convince you that it's going to skyrocket just to get more people on board.

Which is normal, the good thing is they are going to pump you with all the info they got. most of it will be shit, but if you get something valuable which is easily verifiable, then you may be onto something.

I take for example CNJ, company that traded in 0,01 AUD two weeks ago, went to hotcopper to look what others have to say. Cobalt-shortage etc. yes it pumps the stocks up as we can see in BPL, FCO, BAR, however what others didn't give a fuck because they were too hyped about media events, is that CNJ's stock has a TBVPS of 0,05 AUD, meaning that if you buy it for 0,025 for example, you are still in profit even if the company bankrupts.

Every holder will try to sell you his position, and this is a good thing because all the research he made on a particular stock, he will give it for free. It is your job to figure out what is shit and what not.

SniperGod
SniperGod

@Stark_Naked
CNJ
TBVPS of .05

Is this still the case? They're valued at .04 still.

RumChicken
RumChicken

@SniperGod
Is this still the case? They're valued at .04 still.

yes it is. TBVPS is 0,0553 AUD

FastChef
FastChef

@RumChicken
I've been meaning to buy CNJ, with these huge rises last trading days theyre due for a dip, no? or the dip will happen after .055?

Supergrass
Supergrass

@FastChef
with these huge rises last trading days theyre due for a dip, no? or the dip will happen after .055?

I believe they'll follow the same SP development as their JV partner BAR to say the least, since CNJ's Mt. Thirsty project is what gave the BAR SP the momentum in the last two weeks.

They sit on the worlds 4th largest cobalt deposit, as long as there is a cobalt-shortage and we see BPL and FCO rising (which are positioned worse in terms of deposits or feasibility studies), CNJ will rise as well. CR will happen eventually, but probably not this year, however if the cobalt price massively spikes before 2017 it could be expected, but the CR is then a lesser concern, since you'll be having a good margin even with dillution.

Soft_member
Soft_member

@Supergrass
Thanks for the info bud. Ill keep an eye on the price tuesday morning

Deadlyinx
Deadlyinx

@Stark_Naked
@Supergrass

how do you value a speccy stock though? what if I can't find estimated resources in investor presentations?

Sharpcharm
Sharpcharm

@Deadlyinx
how do you value a speccy stock though? what if I can't find estimated resources in investor presentations?

I wouldn't invest in it, if I can't find any information about, which hasn't been verified by a third party. In mining companies things like JORC.

RavySnake
RavySnake

@Sharpcharm

okay so i want to look for a JORC for a certain project and then base it on that estimate.
eg:

0.15% gold esimated in 1 million tonnes = 1500 tonnes of gold
1500 * market price of gold = speculative mcap? (i know there's a profitable price and wages have to be paid etc.)

Nojokur
Nojokur

@RavySnake
doing a clear estimate in the PEA phase is not definitive enough since the resources are inferred, thats why one has a PFS and a DFS as a mining company. The JORC tells the investor that the things the company has written on their web site considering their PEA is compliant with their Joint Ore Reserves Committee code. There are companies that do not even have that, BPL for example, which means that the things they've written on their web site can be utter bullshit or not.

In order to trully make a feasibility estimate on the project, you need at least a PFS and a DFS, with it you'll have the means to calculate the CAPEX and the OPEX of the project.

haveahappyday
haveahappyday

So, how about them grapheme stocks?

anyone know much about Talga Resources?

Spazyfool
Spazyfool

@haveahappyday
Is grapheme bullshit? It seems the market is pursuing the next hot resource at the rate of knots

Skullbone
Skullbone

@SniperGod
Hello user, total newb here. How do you calculate TBVPS? Do you need access to the financial statement of each company and peruse it for certain figures and then divide them?

Formula?

Fried_Sushi
Fried_Sushi

I don't have much money to play with, so I'm thinking about forex. What are some good Australian fx brokers? Preferably with good mobile support.

Stupidasole
Stupidasole

Buy LIT Tuesday, there will be a drop. That will be the right time to buy in.

Boy_vs_Girl
Boy_vs_Girl

@Fried_Sushi
If you don't have much money ask for a couple free trades on nabtrade/commsec or whatever your banks trading platform is and buy one decent share you've done some research on.

StonedTime
StonedTime

@Stupidasole
what's the basis of this LIT drop? i actually sold last week at .34

New_Cliche
New_Cliche

@StonedTime
I also was out of LIT recently for a tidy profit. I will be back in on Tuesday. Not with my notes but I think it is LITCC coming to end that day.

Stupidasole
Stupidasole

What's the best Australian bank to go with?

I'm currently with CBA.

Crazy_Nice
Crazy_Nice

ausfag reporting in, I made a few bucks on XRO a couple years ago and I want more. What is a good tech stock to buy in 2016 besides FLN?

Sir_Gallonhead
Sir_Gallonhead

@Crazy_Nice
FLN
What's good about FLN?

King_Martha
King_Martha

@Sir_Gallonhead
Keeps fluctuating between $1 and $1.50 good for trading

Carnalpleasure
Carnalpleasure

@Stupidasole
I'm with CBA for my everyday stuff, but NAB is better for investing, so I'm with both.

Stupidasole
Stupidasole

@Crazy_Nice
Iot

King_Martha
King_Martha

@Stupidasole

ING. For savings. Combank for investing.

Evil_kitten
Evil_kitten

@King_Martha
CBA is shit tier for investing; it's too expensive. NAB is the best.

GoogleCat
GoogleCat

@Evil_kitten
$20 vs $15 for brokerage fees
I did not know that.

MPmaster
MPmaster

No mention of CAD?

It's almost rock bottom price at the moment making good progress ine stablishing a lithium mine very close to the Tesla giga factory. It can't go down very much when it's at .003. Buy volume is up from 20-30m shares a day to 500m+. Do your own research but has good potential with very limited downside.

Soft_member
Soft_member

@MPmaster
Almost 5 to 1 liabilities to assets ratio
Ehhhhhh
Do they at least own land with a shitload of product?

happy_sad
happy_sad

@Soft_member

Where are you seeing this?

iluvmen
iluvmen

@happy_sad
Commsec 'Financials' section for the company.
However, looking at CAD's financial statement, it looks like commsec has their figures from June 2015.
Since then, they've gained quite a big chunk of juicy assets. However, the bulk of this are non-current assets from exploration and whatnot.
I think this is the theoretical value of the lithium/whatever thats in the ground that they own.
So what I said before was wrong, and they do have more assets than liabilities as of December 31

viagrandad
viagrandad

Trying to do a wordcloud-based sentiments analysis of the ASX.

Spazyfool
Spazyfool

Get ready for a bumpy Tuesday folks.
Aren't you glad you didn't fall for the meme stocks and instead invested in smart, safe stocks?

Deadlyinx
Deadlyinx

@Skullbone
How do you calculate TBVPS?

You look at the balance sheet of the company at their total assets, from them you remove the intangible assets (goodwill, marketing, all the things you cannot sell once the company is bankrupt), you make a depreciation of the assets the company owns (they should already be depreciated, however the accountant may render the numbers in the companies favour, so you may look even more detailed into the actual depreciation of a given asset, e.g. the cars in the company's carpool may be less worth on the market than what the accountant says they are).

now you have the assets that, when the company is bankrupt, will be sold at market price. this is the money they will get once everything is sold out.

you take that money and divide it by the number of outstanding shares. the number you get is the tangible book value per share, meaning the value of the share in the money that the company will get once it sells everything.

If that value is higher than the share price of the company it means you have a margin of safety, thus if everything goes south and the company bankrupts, you'll get your share of the money that the company got by selling everything, eventhough you payed less for that share than it is actually worth.

the formula is therefore simple:

TBVPS = Total Assets - Intangible Assets / Outstanding Shares

Burnblaze
Burnblaze

Does anyone think GXY will go up Tuesday and stay going up untill earnings? The earnings are expected to be positive right?

Poker_Star
Poker_Star

For all those not in mem stocks there going to be a little bit of a sell off today fella's.

Oils up again as well. Iron ore is slightly up too.

Evilember
Evilember

What should I do with my XTV shares? Bought in last week at 3.4 cents. Hold or sell?

DeathDog
DeathDog

PIO
PIO
PIO
PIO
PIO

eGremlin
eGremlin

@DeathDog
Up 1k today feelsgoodman

BunnyJinx
BunnyJinx

@eGremlin

yeah bois, good pick.

there should be some drilling results from ACRA gold coming in really soon too to keep the price bouncing around

Methnerd
Methnerd

@Evilember
What should I do with my XTV shares?

HOLD.

XTV requested a trading halt today pending an announcement regarding an update on customers.

Shit's going nowhere but up.

Only wish I had bought lower than at 3.1c last Thusday.

Emberburn
Emberburn

Should I buy GXY or IOT for a fun spec stock?

Stupidasole
Stupidasole

MXC in trading halt

Price: 5.6 cents
Bid: 9.3 cents
Ask: 5 cents

What the fuck?

Booteefool
Booteefool

@Stupidasole
Pharmaceuticals. The chances of the trading halt cause being positive are overwhelming.

MPmaster
MPmaster

@Booteefool
Why is the ask so low though? The sellers are pretty much dropping a whole cent per share on the current price.

Pessimistic holders and optimistic buyers?

TechHater
TechHater

@MPmaster
Ask probably hasn't updated or no one has actually placed any sell orders since the halt request. Commsec a shit.

w8t4u
w8t4u

@Stupidasole

Trading bots in action?

likme
likme

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/biz/thread/1217061#p1217061
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