ASX General

VisualMaster
VisualMaster

ASX General: Blue Balls Edition

Monday 16th January

Top % rises
AFY (2.65)
CNI (1.15)
KGN (1.63)

Top % falls
USG (2.21)
CII (1.67)
SMN (1.63)

Veeky Forums favourites
HSO (2.37)
GXY (0.645)
RMX (0.035)

Topics of discussion:
- Oh God, what have I done?
- Why isn't the fucking thing going up like it's god damn supposed to?
- WHERE'S THE LITHIUM?

Other urls found in this thread:

en.wikipedia.org/wiki/Ilimaussaq_intrusive_complex
redmm.com.au/wp-content/uploads/53-RMX_App_3B_Exercise-of-Options_5-January-2017.pdf
redmm.com.au/red-mountain-mining-to-explore-clayton-valley-lookalike/
youtube.com/watch?v=LHlyivGHRq4
youtu.be/TxXEU9WePtE
veekyforums.com/thread/1755426/business

Stupidasole
Stupidasole

Topics of discussion:
that was really reddit

kys

girlDog
girlDog

Veeky Forums favourites
RMX

Nope, that's just one shill attempting to pump it a bit. No one has bought into that meme.

Let's talk AVQ. Im interested in it's obscene SP fluctuations since March 16. What happened?
pic related

kizzmybutt
kizzmybutt

RMX hasn't done anything exciting since first announced here. Still no word on actual drilling. Still no word on test results.

Only new information is that they are widening the search area for the test drilling, which I wouldn't think they would do if it was good news on the initial drill.

Sharpcharm
Sharpcharm

hope people bought during the gxy dip today

Techpill
Techpill

I'm still waiting for KAI to announce their latest drilling results.

happy_sad
happy_sad

There are a million and 1 micro-caps "waiting on drill results" at the moment.

Bidwell
Bidwell

Some guy on HC pulled this from an announcement:

"Initial assay results from the drilling are expected to start flowing in the second half of January 2017"

Looks like your wait should be over soon.

Nojokur
Nojokur

A2M, my old fav killing it after the competition trips and falls.

WHC stalling at the 3$ line will it ever get back on track? or is this the start of the down turn.

GXY moving to 1$?
my commbank app graph says gxy has only ever hit 70cents while my stocks app says it went over 2 dollars a few years ago.

will decent drill results come through for the lithium underdogs RMX and LRS? mean while the quiet sleeper PLS avoids hype and stays strong.

who here happy they didn't invest in wrangle?

Booteefool
Booteefool

Hold LRS, have another 75,000 buy order sitting there at 1.2
It looks poised for a pump when some decent drill results come in. Not that it means anything or that the company can turn that into earnings. Im just riding the inevitable hype money that floods in from HC shills.

lostmypassword
lostmypassword

Thoughts on GGG spike?

ASX requested they explain the massive price movement but they couldn't explain it.

Evil_kitten
Evil_kitten

Im one of the guys shilling RMX.

I am very confident that we will see exceptional results once test drilling is completed. You really need to sit tight, these types of spec stocks tend to make an ann then boom when you least suspect it.

Ill probably be on for the next few hours, feel free to ask me anything.

takes2long
takes2long

Uranium speculation maybe?

Wiki says:
... and development of its license area over the northern ilimaussaq intrusive complex in Greenland.

en.wikipedia.org/wiki/Ilimaussaq_intrusive_complex

The complex includes Kvanefjeld, a uranium deposit and a large reserve of rare earth elements, zirconium, niobium and beryllium.

Skullbone
Skullbone

Only new information is that they are widening the search area for the test drilling, which I wouldn't think they would do if it was good news on the initial drill.

Also I dont know where that came from, but its completely untrue

Gigastrength
Gigastrength

Why are you shilling it so hard, what gives you confidence in the drilling results?

Techpill
Techpill

who 88E

TechHater
TechHater

What do you think of FMG? I made 110% as it went from $2.90 to $6. I bought back in recently at $6.30. During the iron ore crash they heavily reduced production costs. For some reason the media always screams they're doomed which led to everyone being surprised when they made a large amount of money last quarter on $60usd IO prices. This led to the rapid surge to $6 then the media went back to saying it won't last next quarter and they're doomed again.

The last 3 months IO prices have been $70-$90 USD, if they were previously making loads of money on 40-60 IO prices they should announce a huge profit in feb shouldn't they?

Stupidasole
Stupidasole

No one. Anyone with a brain left it when they doubled their money on the original pump. What's happening now?

Need_TLC
Need_TLC

Why is the iron ore market hot again?

MPmaster
MPmaster

Cheap coal, Trump speculation on infrastructure and bringing back steel jobs, also I believe reduced production or export from China

SniperWish
SniperWish

If this is anything to go off BHP is refurbished alot of large engines and mining gear atm with westrac could be could be something on the table with bhp?

FastChef
FastChef

I gave up on BHP management seem like idiots, I initially bought FMG as a sort of hedge against BHP as they were cheap at the time, I figured either they would rebound or BHP would buy them out and make money on their assets.

When IO bottomed around $40 started to climb BHP management endlessly went spouting bearish IO memes to the media, even as it climbed to $50, $60 they were always "projecting" $30 IO. Then their dam in brazil broke. I have no idea what their plan is besides crashing their share price with no survivors.

5mileys
5mileys

The share price of BHP has gone from ~$15 to $26+ since the aftermath of the Brazil incident. It was the perfect time to buy. I can't see it going down for any reason and it's been doing nothing but going up since.

Sharpcharm
Sharpcharm

In 2014 BHP was $38 and FMG around $6.
FMG has managed to rebound beyond where it was when IO crashed while BHP only partially recovered despite having the same unexpectedly high IO pricing as FMG.

If they had any idea what they were doing they would have bought out FMG at $1.50. They also sold off S32 and doubled down on failed oil projects.

Skullbone
Skullbone

Clayton valley had 1-3 ppm lithium. Our JV partner has found 0.5 - 2.4 ppm lithium in the water at red valley.

Deadlyinx
Deadlyinx

Serious business time: Reece or Dulux?

Reece:

+ Distribution channels and trade relationships second to none in Oz
+ Good stewardship of the equity base: less than 100m shares on issue
- Parallel imports through Amazonxpress could impact future market share

Dulux:

+ Actually make the products they sell: control over quality, barriers to entry (both in terms of capex reqs and industrial expertise)
- Flat growth in the core ANZ business
- Bunnings can always throw it off its shelves if Dulux doesn't want to renegotiate contracts

Evilember
Evilember

FBR and NTI lads. Opinions?

haveahappyday
haveahappyday

WHY DOES RMX KEEP GOING DOWN I AM LOSING SO MUCH FUCKING MONEY!!! DO I SELL NOW AND TAKE THE LOSS OR WAIT AND HOPE IT DOESNT TURN TO ABSOLUTE SHIT?

Deadlyinx
Deadlyinx

Because it's SP increase is based purely on hype and speculation, like all penny stocks. Dont be surprised if it slowly retraces down to 1.3c

Sorry but you fell for a Veeky Forums meme stock

BunnyJinx
BunnyJinx

Going to plunge further. They filed a 3B and issued a shitload more common stock at 0.015 par value a few days ago. Looking at their company, they don't have shit lined up either. Avoid like plague.

Lord_Tryzalot
Lord_Tryzalot

How much was the dilution?

massdebater
massdebater

125,000 at this point. The last few months' dilution is sad. Their write up on the Utah project isn't encouraging. They cite USBLM as to mining rights, but the amount of capital they represent is needed is way higher than it should be. Sorry, rambling.

There are better options out there. GXY is one that actually is decent imho.

Sharpcharm
Sharpcharm

Give me the rundown like I'm a simpleton. What are the most stable stocks to invest in for the long-term? Where are the high risk stocks? What abbreviations are essential to know prior investing?

Emberfire
Emberfire

If youre looking to make significant money, buy RMX

TechHater
TechHater

Know much about BGS? They look like they're in a similar position to what GXY where in 6 months ago. Big pump to 50c before a steady slide down into the 30c range.
What project are they hanging their hat on? What are the delays?

BunnyJinx
BunnyJinx

Proof? They had 2M cash on hand last time I checked so why do they need to raise more $$?

Their project is not in Utah, they're in Nevada

I can't help but feel like you're just shilling for GXY desu, no need though they look pretty good and I think most people would agree

GoogleCat
GoogleCat

Ok I found a bit myself. They're a good 2 years away from pulling anything out of the ground. However their projects are in Mali and I'm skeptical of any small resource projects getting off the ground or even being able to ship out of there.

There's a big difference between Mali and WA.

New_Cliche
New_Cliche

A2M, NUH, RAP and ALC would be my recommendations personally - if you can bear more risk then look into Lithium stocks, plenty have been mentioned in this thread but of course the bigger the firm the less risk but less profit and smaller the firm more risk more profit, but the foreseeable future should be good for Lithium.

Abbreviations aren't necessary to know just do your research

Stupidasole
Stupidasole

That chart for dulux looks like a wild ride.

Recce would be a pretty good play, but don't expect a product from them this decade.

Nojokur
Nojokur

Cheers m8, I'm hardly about to drop money without some research first. But if this election has taught me anything, anonymous shitposters on the chans know more and care more than the MSM can predict what it's supposed to be good at.

Spazyfool
Spazyfool

I'm starting to get a little tired of these speculative micro-cap exploration companies that are constantly shilled and hyped up based solely on "possible drilling results".

Fuck they're a dime a dozen.

Dreamworx
Dreamworx

I'd definitely recommend staying away from what the media and sites like The Motley Fool promote, same as for following investors like Soros or Buffet.

Announcement made about what they're doing publicly > people buy in > price goes up > they sell

Stark_Naked
Stark_Naked

I don't disagree with you user, I'm just skeptical about the claims that were being made ITT

Crazy_Nice
Crazy_Nice

A2M, NUH, RAP and ALC
none of these are stable long-term stocks

Lord_Tryzalot
Lord_Tryzalot

pls elaborate why though

Sir_Gallonhead
Sir_Gallonhead

Beware the dreaded 'CR'
It bit me a few times when I very first started trading. Look at the chart, never buy a new high. Look at movement in the chart then go back and look at the announcements surrounding those moves to give yourself a better picture of what's going on.
Never, EVER take up a position based purely on a recommendation here. Always do your own research. Do not believe a single thing on hot copper. It's all unsubstantiated Hype or FUD and 100% bullshit.
Don't even bother investing if you're worried about losing money.

girlDog
girlDog

BHP management do seem to make strange decisions. They seem to acquire assets when the market is strong, then spin them off when their value is at its lowest (S32, Newcrest etc).

What do you guys think about RIO? I've been a holder for around 2 years, bought them over BHP due to having a reinvestment plan.

w8t4u
w8t4u

They're all relatively new small cap stocks. They're naturally volatile in nature.

Look for banks/large miners/retailers/property companies with multi-billion dollar market caps if you want stability.

Flameblow
Flameblow

this.
lost $6k listening to hotcopper shills

TechHater
TechHater

A2M yes it is mate ha

PurpleCharger
PurpleCharger

It's still a growth stock.

Evil_kitten
Evil_kitten

Can you (or anyone else) please list a few.
I follow these threads fairly often and only recall RMX, GXY and KAI.
Are there more that I'm missing?
Cheers bud

Inmate
Inmate

Just a friendly reminder that RMX will be starting drilling very soon and should see a decent re-rate following this announcement.

Gigastrength
Gigastrength

what makes you so sure that the drilling will start soon? It's winter in the U.S. and in Nevada very cold

Not hating on RMX like the other guy who was just making baseless claims about issuing more stock to raise funds but it seems from my research it could be tomorrow and could be 6 months from now

Emberfire
Emberfire

Anyone know much about BEAR or BBOZ? They look to be thinly traded but might be good if I think the market will drop a big running up to Trump's inauguration.

TurtleCat
TurtleCat

How many RMX shares does everyone own?

BlogWobbles
BlogWobbles

Stable stocks are pretty obvious, just think of any big name corporations, ie Telstra, Wesfarmers, BHP, the big 4 banks etc.

They may fluctuate but if they ever terminally drop, chances are the whole market is going with it.

0
Why the fuck you shilling this so hard m8?

JunkTop
JunkTop

Its a good stock with lots of potential.
why dont you own any?

Snarelure
Snarelure

You're just gambling on the outcome of a drill assay

WebTool
WebTool

Buying a piece of shit which has a going concern note.
Buying a piece of shit which has a going concern note which some dickhead at BDO fucked up.
Buying a piece of shit with a going concern note and fucked up accounting practices.

Fuck me.

LuckyDusty
LuckyDusty

phoneposting

RumChicken
RumChicken

Ok

CouchChiller
CouchChiller

Because it's not a good stock.

Potential is debatable.

BunnyJinx
BunnyJinx

They recently got completely new management and changed the structure of ownership in terms of how many shares were outstanding

All you guys hating on RMX don't seem to have any good reasons as to why and all you guys shilling RMX haven't answered my actual factual and genuine query

can we PLEASE move on to the Australian economy and OTHER shares? the old thread was much more diverse in terms of discussion, maybe I should just stop coming here

Fuzzy_Logic
Fuzzy_Logic

Hot tip from a friend who works at BHP - theyre very worried about the resources sector & expecting full blown recession....get hype!

New_Cliche
New_Cliche

- theyre very worried about the resources sector & expecting full blown recession
WHAT DOES THIS MEAN

Illusionz
Illusionz

Either Trump saves the world or we have Global Financial Crisis II: Electric Boogaloo

Soft_member
Soft_member

thats the kind of chart that gets delisted here in the states

SniperGod
SniperGod

HSN BAP GTK don't bother with mining stocks commodities are too volatile

TalkBomber
TalkBomber

Im going to stop posting about RMX for a while, It seems to be getting a lot of unjustified hate. I hope most of you atleast bought some shares, for those of you who havent, there is still time, otherwise you WILL miss out.

StonedTime
StonedTime

One of the first things you discover during your investing career is that the ASX has hundreds of crumb minerals explorers with barely two cents to rub together, run by managers who are largely in the job to fund their lifestyles instead of build a meaningful business. I often joke that the best tenement 99pc of them will ever have is their shareholders' wallets.

Garbage Can Lid
Garbage Can Lid

You're full of a special kind of shilling shit.

1) Additional share dilution, as well as documentation of massive prior dilution.

redmm.com.au/wp-content/uploads/53-RMX_App_3B_Exercise-of-Options_5-January-2017.pdf

2) Utah: "Red Mountain Mining Ltd (ASX:RMX) has entered into an exploration and earn-in agreement in respect of the Red Valley Project, a lithium brine project located in Utah, U.S."

redmm.com.au/red-mountain-mining-to-explore-clayton-valley-lookalike/

haveahappyday
haveahappyday

ahh i dont know who to believe. gxy still seems like its gonna go higher

CouchChiller
CouchChiller

GXY will have better chance of going higher than RMX.

GXY is actually producing and shipping for $$$.

RMX is some assclown in a desert begging for money.

ZeroReborn
ZeroReborn

gxy still seems like its gonna go higher

Ask yourself sincerely. is that view based upon understanding the underlaying business, and believing they will turn a greater profit in future. Or is it based on the view that the price chart is on an incline and hoping it will continue.

Small caps are speculative stocks. It seems like a lot of guys here are advocating for stocks which are not currently profitable businesses, but may be if they happen to strike a good mineral deposit.

That is closer to gambling than investment in my opinion.

Crazy_Nice
Crazy_Nice

states he'll be here for hours
immediately ignores first quesiton

Wtf I love RMX now

Stupidasole
Stupidasole

RMX announcement, not much said. "Progress is happening"

TalkBomber
TalkBomber

You know nothing about GXY do you.

RumChicken
RumChicken

RMX prepping shuttle for launch

Inmate
Inmate

should I get onto RMX?

fucken BLT, sold that dog off for a $2K loss, now it's finally gaining traction on the Nasdaq.

idontknow
idontknow

Could possibly drop some more before they begin drilling. They put out an announcement this morning, have a look and see what you think

Supergrass
Supergrass

Yeah to be honest I'm not that keen.

Burnblaze
Burnblaze

if anyone needs stock wire me some cash and ill buy for you

Deadlyinx
Deadlyinx

And why the fuck not? Don't like being rich?
Stay a fucking pleb then

Snarelure
Snarelure

Whats $500 to throw down the drain? Its not like putting $500 on the pan lickers and 20 minutes later you have zero. Get cold feet and cash out with little loss if any

Emberfire
Emberfire

If it was a legit thing someone could make good money doing this, like how there are services in the UK & US that give you a 'local' address and credit card number that allow you to buy local product and forward to yourselves without the rectal gouging that companies love giving to aussies

PurpleCharger
PurpleCharger

seriously why not? ive got an aussie trading account. im sure my fees would be cheaper than any other buisiness. id set up an automation. it would transfer the money into my trading account, auto buy the stock as filled out on an order form, buy it and also charge a fee. like $22.50 aud per transaction or something

Fuzzy_Logic
Fuzzy_Logic

A little thing called insurance m8.

Supergrass
Supergrass

Legality, exchange rate risk, liability etc

Fried_Sushi
Fried_Sushi

My watchlist and portfolio is largely red today. The market is looking a worry, wish I could take some profits and wait it out but I'm in the red in most stocks.

Need_TLC
Need_TLC

Calling out for the based user who gave a run down of the superannuation sector and how institutional funds seem to be pooling individual accounts to set up union led infrastructure projects (or something of the sort?) -- can we get some info on that / infographics (I know they were posted in that particular thread a month or two ago), and advice on superannuation?

Crazy_Nice
Crazy_Nice

Self managed funds are tits.

Evil_kitten
Evil_kitten

Very quiet today, almost no movement in my portfolio. It feels like the calm before the storm, like Brexit.
Thinking i should sell all my positions now, take my profits and see if the market dumps 10% like it did during Brexit and Trumps win then buy the dip.

Everything rebounded fine a couple weeks late once the hysteria died down.

viagrandad
viagrandad

just have a waiver

what makes it illegal? its acting as a fowarder really, regarding risks you just set minimums and have a no liabilities waiver

SomethingNew
SomethingNew

i doubt it, theres no reason for gxy to move though. the hype happened not theyre gonna chill for a bit

w8t4u
w8t4u

I'm not talking just GXY. I have about 7 stocks and they all went red last time purely because the markets overreact. I'm thinking this is an easy way to make 10%+ in a week

massdebater
massdebater

But why?

idontknow
idontknow

well you could try selling and buy back after the drop. just do it and if it doesnt drop accept your loss and rebuy

Methnerd
Methnerd

I'll go through the charts in detail and see exactly what each one did on the 23rd of June and 8th of Nov.

Stark_Naked
Stark_Naked

thats quite some time to be holding. i only did that with gxy be cause it was basically guaranteed to rise, everything else i hold a month or two tops, penny stocks for days.

Gigastrength
Gigastrength

Thoughts on the RMX announcement?
I think it could be up to 2 months before they start drilling

SniperWish
SniperWish

Thoughts on MLS

FastChef
FastChef

literally nothing we didn't already know, not good and not bad either, meh

eGremlin
eGremlin

theres gotta be hidden fees for such a cheap trading price

viagrandad
viagrandad

Interesting. If there are no hidden fees or catches this may be my new broker. Half the fee of CommSec. Wow. Only downside would be increased settlement of trades due to going from your bank into ANZ bank(the bank they use). Unless you are with ANZ of course.

Need_TLC
Need_TLC

Any thoughts on the ASX reaction to Trump's inauguration?

Specifically;

a) if it goes well.
b) if he gets injured/shot.
c) if there's an announcement on any of his key's policies (revoking executive orders, building the wall, repealing Dodd-Frank)

Inmate
Inmate

I'm warming up to A2M

Bellamy's is fucked, financials in Feb, good recommendation from brokers.

What's the consensus here?

TreeEater
TreeEater

It's in the USA. Only reason I'm cold feet.

Firespawn
Firespawn

How much insider trading you want cob? It is going to the moon. $3 by 2018. $10 by 2025

Bidwell
Bidwell

lmao this wont affect asx

Stupidasole
Stupidasole

1740974
Best be waiting for the charge cycle on that phone

Flameblow
Flameblow

Really depends how their expansion into U.S. goes I guess but you're right with Bellamy's out of the way things should be good on the domestic front.

Boy_vs_Girl
Boy_vs_Girl

Court case with Lion Nathan has been going well too.

Also expanding in to Yoorup

Evil_kitten
Evil_kitten

World events effect everything, even if it's just some short term volatility.

TreeEater
TreeEater

Sold all my RMX at 3.3c, used that money to buy MLS at 1.1. Will sell MLS in a couple of weeks when they come out with their drill results. Then I will buy back into RMX just in time for them to start test drilling.
Thoughts?

TurtleCat
TurtleCat

Trading sucks. It's a mug's game.

CouchChiller
CouchChiller

What did you buy rmx at?

eGremlin
eGremlin

Expectations for MLS?

Garbage Can Lid
Garbage Can Lid

Bought 450K at 3.3, and another 50K at 3.4, so a small loss. But I've already well and truly made that up on MLS.

Pending drilling results, I think we could see a CXO/GPP/RMX type run

takes2long
takes2long

I fucking new it. Why didn't i trust my instincts.

idontknow
idontknow

it will have a negligible affect on everything but a few mining companies

Deadlyinx
Deadlyinx

Glad people got on MLS when i called it a few days ago. Pretty gutted I keep selling stocks just before they explode in price

Harmless_Venom
Harmless_Venom

can you actually invest in western power? seems g for dividends.

BunnyJinx
BunnyJinx

MLS to the fucking moon

PurpleCharger
PurpleCharger

Time for A2M to MOON lads

youtube.com/watch?v=LHlyivGHRq4

Playboyize
Playboyize

Holy mother of Kek, you have way too much time on your hands

5mileys
5mileys

Last I heard China banned the import of baby formula or some shit.
Has A2M recovered from this?

Methnerd
Methnerd

Here's a better version, the quality was a bit low in the last one. Share this with your friends so we can send this stock to the moon!

youtu.be/TxXEU9WePtE

StonedTime
StonedTime

MLS going on another big run today?

lostmypassword
lostmypassword

Yep, getting pumped to hell. Just don't get caught holding the back, although it won't fall that far. I miss taking some profits when it hits 1.8c

hairygrape
hairygrape

bag*
I am*

Deadlyinx
Deadlyinx

heheh
IAM

StrangeWizard
StrangeWizard

Oo yeah

Snarelure
Snarelure

various positions on RAP
ave price is 0.30
chart trend looks like its falling
sell at 0.32 making like $300
mfw nek minutt is like 0.335
mfw i hate this game

Ignoramus
Ignoramus

MLS, GXY and RMX all having a solid green day

GGG for someone in the last thread too, good gains today

Make meme stocks great again pls trump

cum2soon
cum2soon

Because GXY tanked 10% yesterday.
MLS is a 0.015 nano stock that will see green and red every day
RMX is a bad meme

Bidwell
Bidwell

RMX is a bad meme

I agree with the other statements. Why in particular do you think RMX is bad, though?

Fried_Sushi
Fried_Sushi

It's being shilled way too hard for what it is. Just another lithium prospect who's "investors" are hanging their hats on "drill results". There are 100s of companies listed doing the same thing and the SP movement is just day traders skimming dollars of dumb shit HC readers.

Not only does RMX not have drill results coming anytime soon, they haven't even submitted permits to drill. I wouldn't even give it another thought of it want shilled so hard here.

In fact, it wouldn't surprise me at all of its price dropped back to sub 2c
And there will be a dilution in the form of a CR. They're burning through 250k a quarter and aren't drilling.

I wouldn't touch this thing anytime soon.

Raving_Cute
Raving_Cute

Sorry for the typos, on phone at the moment.

girlDog
girlDog

What would you touch then?

RavySnake
RavySnake

Right now? Honestly, not much. But if you want to speculate on micro-caps like RMX there are a few things to watch for or consider first:

- Are they actually physically doing anything beside applying for permits?
- How is their cash flow in relation to their activities. Like RMX above, if they're burning 250k a quarter and havent even got permits to drill then a capital raise is incoming to fund actual drilling.
- Drilling results themselves don't mean a lot. They can be cooked just like economic data to make things appear better than they are
- Where are they operating? Some like BGS are trying to operate in Mali, fuck that. Look for more stable environments. Argentina is a good one now.
- Do they have any cashflow positive operations or existing infrastructure ready to go?
- Has their SP just reached a new high? Then ignore it until you see it retrace 30% or more because unless they're pulling product out of the ground and selling, it's driven by pure hype and speculation and you will lose money.

This is all stuff I had to learn the hard way.

iluvmen
iluvmen

A hot woman.

Boy_vs_Girl
Boy_vs_Girl

Bump for MLS to the moon.

Give me one good reason why this stock won't be MASSIVE.

TurtleCat
TurtleCat

Commenting on the commencement of the diamond drilling program, Director of Metals Australia, Gino D’Anna stated: “We are very excited to have started drilling at Manindi. The Company is well positioned to take advantage of the buoyant market for zinc and we have now complemented our asset portfolio with the acquisition of our Quebec graphite and lithium projects. We believe that 2017 is going to be a big year for MLS and we are firmly focused on delivering enhanced shareholder returns.”

Thoughts?

Spamalot
Spamalot

I'm interested, I might buy a small amount out of curiosity. My only other share ownership is through the Acorns app which are various Indexed ETFs but I technically don't own any shares.

How long will exploratory drilling take?

massdebater
massdebater

kek

Techpill
Techpill

MILK ANTHEM

BEHOLD THE NEW BIZMEME

Snarelure
Snarelure

Can someone explain the benefits of VGS when a VTS + VEU combo gives greater diversification and lower expense ratio?

SniperWish
SniperWish

How does a Tasmanian become involved in the ASX?

StonedTime
StonedTime

Move to Australia

Sharpcharm
Sharpcharm

MLS is leaving the station at 10am Monday. First stop, THE MOTHER FUCKING MOON

Illusionz
Illusionz

Anything exciting we think might happen this week?

MLS seems to be the new Veeky Forums meme so interesting to see hwo that goes

Fried_Sushi
Fried_Sushi

massive volume gone through and the directors stating they are committed to enhancing shareholders returns in 2017, Lithium and Zinc are in a good position at the moment and a single holder with 115m shares

Playboyize
Playboyize

bump for week starting 23rd. Shorter trade week this week

Spamalot
Spamalot

Cant u just get a internet broker its fucking 2017

MLS dropping

Whats the pic this week boys?
I have a $1000 in GXY should i pump some more?

haveahappyday
haveahappyday

Watching MLS like a hawk at the moment. Haven't bought in yet, waiting to see if its worth getting on board.

Sir_Gallonhead
Sir_Gallonhead

A2M wtf bro

Gigastrength
Gigastrength

HSO is a nightmare. When this shit going to turn around?

Evilember
Evilember

I did say in the GXY thread last week that if you wanted to buy in or accumulate, that was the time as it hit 59c. Would have made an easy 10% in 2 days.

Need_TLC
Need_TLC

If i had a margin trading account, I'd be short selling RMX right now. Slow slide to sub 2c as people realise nothing is going to come from the initial hype.

Deadlyinx
Deadlyinx

Would GXY still be on the rise this year? After hearing about the GALAXY SECURES US$40M DEBT FACILITY WITH BNP PARIBAS in their last announcement..

Secured debt facility of up to US$40 million executed with tier one bank BNP Paribas

 Drawdown expected before end of January 2017

 Loan to be utilised for repayment of existing OCP Asia facilities and for general corporate purposes

 Key terms of the facility provide Galaxy with a highly flexible and competitively priced finance package

Sounds good lads?

Emberburn
Emberburn

Is anyone here in TWH?

have you heard about what the trading code is they will be changing to after the auscann take over? Also when will they be coming back on to the asx under this new code name?

Anyone have other positive expectations for other pot stocks. Im invested in mdc which has been going ok.

Also heavily interested in GXY

TalkBomber
TalkBomber

Biggest concern honestly senpai is the "general corporate purposes".

FastChef
FastChef

Implying that the higher ups in the company will be getting raises and the company in general will stay where it is financially?

King_Martha
King_Martha

Yes

The key takeaway from this was that they managed to reduce a lot of the cost of their existing debt which should also allow them to pay off their existing loans a lot quicker.

That already existed, it's just cheaper now. That was my understanding

I'm a bit biased on GXY, i bought in @36c with the intention of it being a long term hold. I want to see it hit the $1 mark and still be around when they start announcing dividend payments. Once they shake the small-cap handle you could expect a flood of money from funds looking for a new bluechip mining stock.

That's the dream at least. To be holding 10s of thousands of shares in a blue chip before it exploded. GXY is my only holding that I've never sold a single share of for nay reason.

kizzmybutt
kizzmybutt

Speculation before half yearly results. Nothing to worry about. Will have some updates soon.

Nude_Bikergirl
Nude_Bikergirl

Do Aussie chicks like rimjobs? What is the fair market value for an average Aussie slut?

Booteefool
Booteefool

They like receiving. Not so much giving.

Lord_Tryzalot
Lord_Tryzalot

MV approx 1 carton of winnie blues

Spamalot
Spamalot

What is your prediction on how long it will take before they start talking dividend payments? Should be hittin 1$ roughly how long from now?... its at .61 atm.. when did you buy in at .34?

whereismyname
whereismyname

And, I've lost more money on HSO....

It's really going to take a year for this shit to hit $3, yeah?

Gigastrength
Gigastrength

Probably not for another year.

I bought in at 39 back around June. I then bought more when it for short sold to 30c bringing my average down to 36c
That was the craziest period and if i had more money i would have bought a lot more.

Carnalpleasure
Carnalpleasure

Yeh nice. What do you think will happen if it hits 1$? Would that be the time to sell or would it only keep going up from there, given nothing out of the ordinary happens in the mean time?

SomethingNew
SomethingNew

I'm not planning on selling unless i really need money. This is a long term hold for me and I have other stocks, penny stocks, that I'm speculating on for short-term stuff.
If it hits $1 and can get it's other two lithium project off the ground, it'll just keep growing until it's bought out.

There's no reason to sell this.

StonedTime
StonedTime

Do you even know how Healthscope makes money?

Fried_Sushi
Fried_Sushi

We're discussing GXY

StrangeWizard
StrangeWizard

Rimjobs?

Spamalot
Spamalot

AWESOME announcement from mls this afternoon. Surprised the SP hasn't moved more, but I guess the volume hs been low all day. We will see it go up and stay up by the end of the week no doubt

lostmypassword
lostmypassword

Announcement isn't that exciting and there was nothing in it to suggest the shares are worth any more then they are now.
They're months away from drill results and even then they don't mean much. Until they report what they have and how they're going to pull it out and sell it, any SP movement is just more speculative bs and small-time day traders bleeding money.

Methnerd
Methnerd

You can't be serious. It's a fucking 1c penny stock

TechHater
TechHater

You can't be serious. It's a fucking 1c penny stock
Whats your point?

PurpleCharger
PurpleCharger

MLS has pretty much had the same guys running the show for many years ...the same Company Sec etc .
Go back 10 years , and tell us how many times MLS has released a Quarterly Activities Report more than 2 days b4 the mandatory last day for reporting .
Then tell us how many times MLS has released its Quarterly Activities Report 7 days or more b4 the due date .
I have just seen what I believe to be a change in pattern/behaviour. f that is the case ,One then has to ask why ?

Nude_Bikergirl
Nude_Bikergirl

Anyone here holding BRN? Going to the moon in 2017

Spamalot
Spamalot

EGS - Whats the deal with all the insider trading?

farquit
farquit

Reece will own the world in 20 years.

Sir_Gallonhead
Sir_Gallonhead

Thoughts on this, guys?

Emberburn
Emberburn

Unless you have brine, you aren't in the lithium game.

Big hard rock memers in particular, like PLS, are utterly fucked.
Short.

Stupidasole
Stupidasole

Anyone on board the LRS train?

Dreamworx
Dreamworx

Negative. I bought and flipped the same day for minor profit. Looks ok though

Nude_Bikergirl
Nude_Bikergirl

Yep. Bought 150,000 shares about 6 months ago @ 0.015. Nice to finally see some green.

As I've said before and you can use LRS above as an exmaple, unless you are actually drilling or announcing drilling results, there's no reason for any SP movement.

It took LRS some 6 months to get approval to drill and there's no reason to put a cent into MLS at this point as they havent even applied, or only just applied to sample drill.

Methnerd
Methnerd

They have already started some test drilling. Try reading the anns

Firespawn
Firespawn

I have read them. There will be a CR, they don't have the funds to do a real drill program if they get approval to drill. The pissy little test drills don't count for anything, they won't secure a loan from anyone so the shareholders will cop it.

I wouldn't touch this until i see the CR and approval for drilling given.

ZeroReborn
ZeroReborn

A2M would be a long term stock imo, especially as the companies goals are to reduce the number of cows producing milk with A1 protiens and increase the number of cows producing milk with A2 proteins.

I can see more growth for this company due to countries like China demanding our milk products for their children.

Dreamworx
Dreamworx

The pissy little test drills don't count for anything
If they come back with good news the sp will increase nonetheless

Need_TLC
Need_TLC

New management doesn't mean shit though. What is their latest projects?
Exploring for metals (lithium) specifically: Red Valley Lithium Project in Utah, USA.

Red Valley's lithium project is based off of the success of Clayton valley, sure there is a chance that this may be great in terms of getting a nice lithium haul, but with the stats that are listed on Red Valley's website, I find it hard to believe.

However, the geographic location of clayton valley and red valley is about 250km apart, so there could be a chance that these areas experience similar conditions that may yield excellent results.

Where are their drilling results?
Still waiting

It is worth investing into?
up to you if you want to gamble on drill results.

Raving_Cute
Raving_Cute

Australia is one of the only countries allowed to supply fresh milk to china. A2M is the only company that has bothered to acquire the new licenses and meet the new shipping standards required

Are you me?

Boy_vs_Girl
Boy_vs_Girl

I'm not you kek. If I wasn't cutting on that high protein milk in woolies atm. I'd be on A2 or paris creeks for that premium cream stuff.

But in all seriousness, A2M is definitely looking to change the market of milk and dominate it by the protein change which they have patented (I believe).

iluvmen
iluvmen

I know a lot about the process as i know people directly involved and have been from the beginning. Exciting times ahead for the next 5 to 10 years. SP will be around $10 a share when US & European expansions take a foothold.

There is a good book on the subject called 'Devil in the milk'

Emberburn
Emberburn

I feel like the only significant and realistic SP gain in the recent history from LRS came from new lithium technology patents. Do you really think test drills will create enough of an increase?

Spamalot
Spamalot

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