ASX General

Regardless of whether or not they were THE assays, it looked pretty positive. It's more likely some bastard's trying to drive the short term price down.

>it looked pretty positive. It's more likely some bastard's trying to drive the short term price down.
What evidence do you have for any of this?

The numbers were pretty low for a successful zinc foray. People were looking for a lot more than there was.

What the fuck is that supposed to mean? If you're not aboard the Titanic you'll be fine. Of course they'll be fine, they have no money in it.

Good analogy, MLS is alot like a sinking ship.

Im a TA guy, so could someone explain what the grades that MLS reported mean?
Were they really as crap as people are saying?
Are they even worth mining?

Or is pic related more accurate?

They've based it on this:undervaluedequity.com/Drilling-Results-How-Can-You-Determine-if-a-Mining-Company's-Drill-Results-are-of-Low,-Medium-or-High-Grade.html

Results appear ok, not amazing but ok. They may also hit Co and it was only 5 cores, they'll likely take a few more.

Messy...

From previous asx thread:
>It wasn't people actively trying to get out. >Dumbasses had their stop losses hit and many more had buy orders placed down around 0.011 and 0.012 ready for just such a thing.

>That's what happens when you have automatic stop losses with very little buffer above them. You only need a small dip into it and bang, the floodgates open. Obviously for MLS 0.012 was some sort of psychological key point.

>I was actually watching it so this is basically what happened.

>1) Order book shows sell side sitting at 0.013
>2) 4 cross trades go through @ 0.0125
>3) It shows up on trading platforms as 0.012 (rounded down)
>4) Someone sold $800 worth @0.012
>5) About 30 people have their stop losses hit, flood of shares sell into 0.012
>6) 8mil shares got snapped up by day traders who had their orders sitting at 0.012
>7) Immediately the sell side swells up @ 0.013 with 8 million new shares as day traders take their 7%

>Grab yourself $10,000 worth at 0.012, immediately put them up for sale at 0.013. $700 for doing nothing accept skimming money off mum and dad.
Manipulation happens, as a cheap stock it's blown around easily.

If you're new and have lost something from this, GOOD. Either stop trading or do some actual research; blindly leeching off hype isn't how you become a good investor, it's precisely the opposite.

This is laughable, not only have you ZERO understanding of the topic at hand, you still consciously parrot the already worthless parrited advise of other illiterates alike yourself.

Highly unlikely, it seems to be stabilising out around .008 I'd wait 2-3 days before averaging down to make sure.

The general consensus is 1-2 weeks. I'd presume the latter.

This is the right idea. If you've already panic sold, and taken a 35% or higher loss without a rock solid reinvestment strategy, stop trading, this clearly isn't for you. I'm waiting 2-3 days for it to stabilise out (I predict around 0.007-0.008) before averaging down.

The assays are still to come. The recent SP drop is a result of manipulation, confusion, and compounding panic. This, imo, is the perfect opportunity to beat the market.

Listen to these fellows, fellow MLS holders.
I've been caught out on microcap manipulation enough now to know the games being played.
If you didn't invest for any fundamental value, only meme worthiness, then you've missed the boat. it was 0.009c a few weeks ago and peaked a few days later 0.015c

Cobalt, Lithium deposits are good. Not so sure about Zinc but it's at record highs apparently for a metal.

>If you didn't invest for any fundamental value, only meme worthiness, then you've missed the boat.
...
Yeah that's, that's totally why I invested here.
Remind me again about what MLS fundamental value is?
My main for staying is I can't see why it would crash, it's considered undervalued and the news seemed fine. The tanking price seems driven by investors, not the company itself.

C-ceiling fan? H-have you returned to us?

Most Cobalt stocks retracted in value today despite the Cobalt price rising on the LME.

The news might have seemed "fine" but if the valuation was reflecting an overly positive outlook then the reduction in value could be a legitimate market reaction.

What website is this?

Looking for any asx advice forums besides Veeky Forums desu

Looks like hotcopper.

Going to hotcopper for "advice" is a mistake though. You will find lots of information, most of it baseless. Some of it interesting enough to speculate on.

If anything Veeky Forums is more reliable than hotcopper. Hotcopper just has far more traffic.

second this hotcopper is disgusting, do not listen to anyone there 99% are idiots following idiots
it can be quite entertaining though and can be useful to gauge how the general trading public views certain shares/companies etc

So is it a good time to get into MLS and wait for it to rebounce?

>bought MLS at 1.3 and got greedy, didnt sell at 1.5 when I should

Sure, but we'd also recommend you drink bleach. I suggest you use your own judgement.

Kill me :( why did I buy so much MLS?

What we need to do is develop a Veeky Forums pump and dump collective. There are probably people shilling stocks here right now, but we need to work together. Find undervalued stocks, make a half dozen or so hotcopper accounts and shill them together.

buy GGG to make it back

arcticjournal.com/oil-minerals/2950/optimism-storm

I've thought about doing exactly this lol
Not exactly sure how much effect retail investors ok HC have on a sp though. I can't imagine it being much

Perhaps a memecoin pump and dump?

As sexy as meme bucks are, wouldn't it make more sense to go for a shitty asx stock?
They're more accessible to everyone, they're de-mystified to ma and pa types, and if the market cap is smaller so you can bully the price better.

What a shame, NTI puts out a nice announcement about a distributor and it gets wasted because nobody is really watching the stock right now.

>ASX """""General"""""""""""""
>Pretty much been /mls/ for the past 2 weeks

Penny punters now realising fast that trying to hit the moon buying complete speculation stocks with no underlying value is a recipe for huge loss.

It looks like the mls thrill ride is over. Hopefully it stays stable at .07. I still believe the losses were due to manipulation, stops getting triggered and retail panic. Strong hands may come out of this yet.

>point out AGY was ridiculously oversold at 2.1 considering no announcements of any kind
>It rebounds to 2.8 within 3 trading days of posting
>point out MLM was rumored to nearly double in price in 3 months
>it's price increased from 6.2 at time of posting to an 8.4 high a week later.

Other stuff gets posted, people here just ignore it if there isn't insane hype and shilling behind suggestions. I mentioned MLM two weeks ago asking if anyone else knew more about it and suggested it was due to nearly double over the next 3 months. Bought at 6.2 at time of posting, it hit a high of 8.4 a week later.
Thankfully I actually listen to my own advice. Sold all my GXY at 54, used it all to buy AGY @ 2.3 (too slow for 2.1-2.2). Sold all my AGY Tuesday for 2.8 and bought back into GXY @ 49 minus a buy into MLS @ 0.009

Increased my GXY holding from 12500 to 14000 for 3 days work.

The rule is pretty simple, you DO NOT buy all time highs on penny stocks. You wait for the retraction.

MLS has met resistance at 0.007, analysing previous trend lines would susgest this is the norm. In my opinion, providing they don't release some ground breaking/terrible news, it'll hover around at 0.007-0.008, slowly climbing back up to 0.008-0.009, meeting large resistance at 0.010. By then (1-2 weeks), hopefully some good annoucements will launch us back to 0.014.

Buying at 0.007, is your safest bet to make back any losses. However, as I've said before, I'd suggest waiting at least another 1-2 days before making that decision, if MLS can't hold 0.007, it will fall to 0.005. Assuming the latter doesn't occur, and you can average down to 0.009-0.010, you might even see a conservative 30% profit in the near future.

Fantastic advise

Who QHL here?

What announcement?
I've been looking to buy some NTI since it reached 0.27

why should I buy GXY? Hasn't it been going down for the last month?

Mate, you realise hard rock lithium has been dead for 6+ months, right?

You need to get the fuck out of GXY asap.

Things are only going to get worse for the hard rock memers.

The easy GXY ride was last year, the pump to near 70c in Jan was everyones last chance to get out before the market woke up to the reality that brine lithium is so much cheaper to produce that it will kill off hard rock completely as the market begins to saturate.

If you want to buy into lithium now, nearly 12 months after the bubble burst, you need to be involved in only the very best tier 1 brine finds.

Do your own reading.

Can we please stop talking about MLS? At it's current price you're an idiot to sell and should just hold, it will recover. Nothing more needs to be said that hasnt already been said ITT. Just might take a few days/weeks to get back to .01+

In the mean time how about we have predictions for how long until SGH goes under?

I'm seriously considering buying TPG, if it's good enough for trunbul is good enough for me. They had a solid year, made good profits and are planing to expand which is why I'm guessing the price went down considering it will be a big investment which could go to shit, but I feel it will be a success and next year their shares will be back at 12.
Does anyone here know something that I should consider before going for it?

shoutout to the user in the last thread who put me onto CLQ, bought around 5k worth at 0.75 and i dont ive seen it reverse once since holding

I think MLS is stabling, if it stays at this price for a couple of days it is good advice to buy or average down.

Thoughts on BML? Tempted to pick some up at 0.004 right now

I've been watching TPG for a while, I'd wait another 2-3 days before buying in, it's likely it'll sink a little lower.

I've also been watching Telstra, they're at an all-time low atm; you'd get more captial growth out of TPG, but Telstra has great dividends and is generally rock solid.

No, half the people on here bought in, we're going to talk about it when it dips, fuck off back to Hot Copper if you don't like it.

Also, I was the one who started shilling MLS at about 0.01 levels, so if you've lost money now if your chance to tell me what you think of me

Shout outs to the user who put me on equ; gains have been solid as a rock since I bought in.

What analytics tools do you guys use? This looks really good.

stick with the 300 idiots.

Here's our turn around lads, 0.007 was rock bottom, hope you can still average down to 0.009-0.010, 0.008 is the forecast for tomorrow.

When it hits 0.015 I'll shout you a drink.

Hey here's a really dumb question - but does commsec charge the $19.95 brokerage when buying, and again when selling? How/when is it subtracted?

Ultra newfag

Yes to both.

Thoughts?

Classic Hot Copper Bullshitery, stop going there for advice. The process of starting a mine here takes a lot of captial and a lot of time; their whole operation is to find rare earth minerals, raise captial, expand operations, then build a mine. They need (you), the shareholder, to achieve any of that. As for the fluctuations, is a microcap stock being manipulated to all shit. If you don't like it, pull out.

Ignore all Hotcopper posts, disregard all Hotcopper threads

Can we have more threads regarding ASX200/300 picks instead?

>Purchase some land in the middle of nowhere
>Drill and take samples of the land
> Get samples tested
If the samples come back with good grades, sell the land to mining companies

Tell me why this wont work

>Purchase some land in the middle of nowhere
This is cheap, because there may be nothing there
>Drill and take samples of the land
> Get samples tested
>If the samples come back with good grades, sell the land to mining companies
This is now expensive, because they know something is there and you are bidding against other companies to pay for land you could have bought and tested yourself with your own equipment and specialists because you're a fucking mining company.

I saw someone else mention buying in to AC8 a few threads back, what price did you buy in?

I did a little research then bought in just after the fed gov announcement last week at 0.290 and its now 0.380 and I have a feeling we might keep climbing in a few months when approvals are finalised.

a few years ago the ASX forced a purge of junior explorers listed with them. Literally every man and his dog had this idea years ago.

Anyone have any speculative tech stocks that they have their eye on?

SAS has done well.

NUH and RAP would be my recommendations, neither would I consider to be "fast" money though, both long term holds

I've been watching DRO, I haven't read the latest announcements yet but they might be worth reading up on.

Cheers ill have a look into them!!

If one of you can guess which ASX company this is, ill tell you my pick for the next big spec stock

TV2

Just signed a potentially massive deal with a Brazilian telco,also had changed a lot of the board of directors recently including a guy that was part of Microsoft in the 80's & 90's

> Implying this chart isn't scarred into everyone's brain.

Literally the first company I looked up.

what caused this? i know SGH have been taking a hammering and i always see them mentioned but i haven't done any research
how did they fuck up so bad?
and how are they up 40% today shouldnt they have gone into admin or something

mauriceblackburn.com.au/current-class-actions/slater-and-gordon-shareholder-class-action/

Where my GGG boys at?

Here. I bought in at .173 though. Should have waited for the retraction; I won't make that mistake again. Never the less, I'm holding long term, just waiting on that mining license. I'm hoping to average down at some point. I was thinking .145.

Newfag here, NAB trading has a 14.99 fee, is there any reason not to use it over commsec?

Commsec provides a much better service.
Their app and website are both fantastic.
If you make 8 trades in one month, theyre free for the rest of the month
And I also think your first month is free, can someone confirm?

So even if my savings are in NAB I should trade with commsec?

My first month wasn't free. I don't think NAB provide live data without paying extra, while commsec does, hence the higher brokerage. You could trade with NAB and have a commsec account just for the data, there's no account keeping fees for commsec. I started a cmc account just for that purpose, but I'm still trading through commsec ATM.

>AC8
0.225. If this thing cracks 0.40 I am going to sell it - still no proven revenue and riding a hype train.

MMJ I've been in and out of, but it goes sub 0.25 I am buying it again.

I bought $10k TLS yesterday. It's dropped since then, but the upcoming divvies will solve a lot of pain and I think $5 is back on the cards after the next shake out.

Dude they signed a deal with the US defence last week. They're about to be legit huge

8 months ago put a friend onto GGG as a meme share when it was .06. Lad is havin a bit of a laugh now

CPH is another medicinal marijuana stock that is mooning right now for those interested. May be too late to get in for big gains but who knows.

Big day ahead for BML. If you can get in at 0.004 you'll be cheering

I like the look of DRO, market has potential. They are slowly getting traction on the government side of the market. At this stage tho I am purely on the sidelines watching and waiting. Need way more capital than I currently have.

They took on mountain of debt to purchase a UK business whose books were totally cooked. Once discovered the management proceeded to lie about the severity of the damage for the next couple of years.

Although even without the disastrous acquisition, it's still a bad investment. The business model (calling potential windfalls from case work in progress 'revenue') is so ill-conceived it's not funny.

Its also required by tax law for businesses that turnover more than 2 million a year

>next big spec stock
What do you mean by this exactly? As in just fodder for traders to screw around with?

I don't know what is going to happen, but at the same time, no one does. If you look through their financials sure they are not making any money. But their negative cash flow is getting less and less, to me that indicates a turn around. They have cases on the books that should see payment, large payments. Look at the VW class action.

It really all depends on the debt, which no one will get an answer about before May. If they survive that, they then have 2 years to pay back the debt. 2 years is a long time.

I hope they burn. Theyre the epitome of the crokked lawyer, union hack, ambulance chasing pieces of shit that gove other lawyers a bad name

Yeah those were my thoughts as well, I did some research on their competitors overseas late last year and they seemed well positioned based on their choice of tech.. I'll be watching and waiting for now as well.

>other lawyers a bad name
Like lawyers can have anything but a bad name.

I think the last week has just been traders trying to catch each other out and grab some pips while they can. HC forums are just lit up with them fear mongering and egging each other one pretty much.

Risk is huge, but reward could be bigger. DYOR, invest at your own peril

It is subtracted with the purchase, and then from the proceeds of a sale.

If they can't get access the money they will start issuing you little fines.

Just be sure to have enough dosh in your trading account.

Pity MLS have nothing of value and are dead in the water.

Seems all of you Veeky Forums heroes have been struck Veeky Forums hype again.

When will you learn to actually do your own reading?

They have plenty of value. Such a tiny market cap too.

I'm holding :-)

But to be honest, I have to stop with this addiction to high risk micro caps. I haven't been in any steady small-high cap stocks since ABC and CCE.

EQU ladies and gentlemen.

Equ is the bright point in my world of sadness.

Is it still undervalued at these prices?