ASX General

Mls just got dumped hard at .08

>>1825902
Yep.
I hope the anon from the other thread was right about the assays still being on the way.
Even though the assays could just make things worse, I'm going to wait this one out.
I'm down WAY too much money to sell now

If it drops much lower over the next 2 weeks I may even think about buying more, with the little money I do have left

>>1825931
I'm with you. I'm not jumping ship now. God I wish they'd just release the assays.

Fuck its just dropped into .07. We could be on the way to .05 here.

Is chillydog a 4channer?

Wait a second, that announcement the other day, that wasn't the assay was it?

I took another look and it looks to me as if it was the assays and the EM conductor was mentioned as an aside. I've also heard they're yet to come. Multiple conflicting sources!

>>1825989
>>1825978
In my non-expert opinion, they were the assays.
Dont get your hopes up

As long as you dont buy MLS, youll be fine

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.

>>1826036
>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?

>>1826036
The numbers were pretty low for a successful zinc foray. People were looking for a lot more than there was.

>>1826034
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.

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>>1826067
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?

>>1826081
They've based it on this:http://www.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.

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>>1826081
Messy...

>>1826042
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.

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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.

>>1826005
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.

>>1825947
Highly unlikely, it seems to be stabilising out around .008 I'd wait 2-3 days before averaging down to make sure.

>>1825939
The general consensus is 1-2 weeks. I'd presume the latter.

>>1825931
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.

>>1826138
>>1826140

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.

>>1826150
>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.

>>1826140
C-ceiling fan? H-have you returned to us?

>>1826167
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.

>>1826081
What website is this?

Looking for any asx advice forums besides /biz/ desu

>>1826294
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 /biz/ is more reliable than hotcopper. Hotcopper just has far more traffic.

>>1826301
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?

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

>>1826989
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?

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What we need to do is develop a /biz/ 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.

>>1827510
buy GGG to make it back

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

>>1827546
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

>>1827634

Perhaps a memecoin pump and dump?

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>>1827798
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.

>>1828129
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.

>>1828129

>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.

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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.

>>1828203
>>1828206
Fantastic advise

Who QHL here?

>>1828112
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?

>>1828206
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.

>>1828249
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 anon 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

>>1828309
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.

>>1828300
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

>>1828358
Shout outs to the anon who put me on equ; gains have been solid as a rock since I bought in.

>>1826137
What analytics tools do you guys use? This looks really good.

stick with the 300 idiots.

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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.

>>1828392
When it hits 0.015 I'll shout you a drink.

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>>1828436

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

>>1828468
Yes to both.

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Thoughts?

>>1828473
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.

>>1828473
>>1828530
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

>>1828545
Tell me why this wont work

>>1828547
>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.

>>1828545 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?

>>1828651
SAS has done well.

>>1828651
NUH and RAP would be my recommendations, neither would I consider to be "fast" money though, both long term holds

>>1828651
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!!

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

>>1828651
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

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>>1828680
> Implying this chart isn't scarred into everyone's brain.

Literally the first company I looked up.

>>1828698
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

>>1828705
https://www.mauriceblackburn.com.au/current-class-actions/slater-and-gordon-shareholder-class-action/

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Where my GGG boys at?

>>1828707
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?

>>1828729
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?

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>>1828734
So even if my savings are in NAB I should trade with commsec?

>>1828734
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.

>>1828622
>AC8
>>1828622
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.

>>1828652
Dude they signed a deal with the US defence last week. They're about to be legit huge

>>1828707
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

>>1828662
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.

>>1828705

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.

>>1830423
Its also required by tax law for businesses that turnover more than 2 million a year

>>1828680
>next big spec stock
What do you mean by this exactly? As in just fodder for traders to screw around with?

>>1828698
>>1828705
>>1828706
>>1830423
>>1830428
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.

>>1830450
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

>>1830403
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.

>>1830460
>other lawyers a bad name
Like lawyers can have anything but a bad name.

>>1830473
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

>>1828468
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.

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>>1828530
Pity MLS have nothing of value and are dead in the water.

Seems all of you 4chan heroes have been struck /biz/ hype again.

When will you learn to actually do your own reading?

>>1830843
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.

>>1830939
Equ is the bright point in my world of sadness.

>>1830939
Is it still undervalued at these prices?

MLS looks stable lads, time to avg. down and wait for .010

Buy MLS and BML , you'll thank me later.

>>1831155
>>1831166
I averaged down into .010 today. Can't believe I'm still riding this beast.

I got a little boner when ggg nearly reached my buy in price. Wasn't to be of course. Another Friday in the red.

>>1831182
Yeah same, I just hope I can break even. My avg. Is 0.011

>>1831182
>>1831399
Just keep holding, it's been way oversold.

I'm curious about the backgrounds of people ITT, it seems a bit older than the rest of the board.
Uni students? If so what do you study?
Wagies? If so what do you work as?
Boomers? If so go back to Hotcopper

>>1831410
Accountant and financial planner. Age 28. Wife and 2 kids.

>>1831410
36,single, storeman, 51K per year.

>>1831410
Insurance Claims manager , single in Perth. 33, wages not quite six figures yet.

Would be keen as to meet Perth people for banter and brainstorming.

>>1831410
22
4th year industrial apprentice electrician
Will be on about 100K when I become a tradesman

Finally found a video of /biz/ ASX General
https://www.youtube.com/watch?v=Wnovfdv29Sg

>>1831410
30
IT sysadmin
Mostly buy tech stocks because that's the industry i know.

>>1831475
I started out buying insurance stocks. Have since graduated to penny dreadfuls. I love my industry as I tend to get a lot of news on the grapevine before it's public knowledge, same with being able to see trends and info before its reported in the press I.e. unemployment, growing areas of risks, emerging risks.

>>1831410
22, Perth
Commercial and domestic electrician hoping to get into instrumentation (100k plus up north)
currently around 60k a year

>>1831472
https://g.co/kgs/rRQYOA
You mean?

>>1831410
18
Law/Comp Sci Student/Casual KFC manager
$21.55hr 1-3 shifts per week
10k in meme stocks, 3k cash

>>1831410
neet Single 28 Made money from betting on trump. Now betting on Marie-penn France election.

>>1831672
yeah I'm thinking about putting money on her.

>>1831672
I made 20k on trump, don't bet on Le penn, or at least don't go full retard.
here is why

Fillon is still going to run, Le penn and fillon share a similar voter base, it doesn't really matter because Le penis will still win the first round and will go to a second round with Emmanuel macron, the problem is Emmanuel macron is a centrist, He is perceived as trustworthy by the french people despite being a banker, and considered far more effective and presidential than Le pen.
Le pen's policies are divisive, She will get roughly the same amount of votes she gets during the first round while EM will appeals to far more voters and win the second round.
Don't forget 20% of the french population is black/arabs/people le pen talks shit about, don't forget france's socialist party is very popular and the only reason they're doing bad it's because they're perceived as weak, EM is not perceived as weak by the french population.

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>>1831741
Also, Macron's movement has 200k registered voters while Le pen has 80k, despite being in politics for a long time, macron only just formed his party a few months a go, It's not all polls, this is not a brexit or trump, I like Le Pen but she has a very slim chance, if you put money on her you better pray for a terrorist attack in the upcoming weeks.

>>1831410

25
work overseas in amsterdam as a tech expat
$75k per year with 20% tax

>>1831761
>if you put money on her you better pray for a terrorist attack in the upcoming weeks
do you think there are organized crooks out there who fake terrorist attacks or hire muslim people to do pre-election psyops so they can bet on their candidate?

>>1831781
probably not since she's only paying 2.75

Thanks Real Housewives of /biz ASX.

Here's a tip. Download the annual report of MXC and then look at the share price.

This stock has rockets and is about to go to the moon!

>>1832878
>MXC

Market cap: 35m
EV: 31m

Looks overvalued to me.

>>1832897
I might be wrong, EV is 33m. But they started getting paid which is a good sign.

Why do you think it's mooning? Weed memes?

>>1832878
I'll believe it when I see it. Hasn't moved in 4 moths despite all the announcements. The weed market seems to risky at this stage in Australia. Politically it can go either way

>>1831741
Okay thanks dad (seriously). It's only $100, I can't stop this addiction

>>1832897
Isn't market cap a function of EV? I don't know of a meaningful ratio for comparison of the two?

>>1833194
EV = MC - Cash & cash equivalents + Debt

>>1833391

Yeah I get that however it is not a financial ratio nor common sized analysis for the determination of company performance

>>1828428
That's incredible charts. You can use it for free or pay a small sub for data delayed by 20 mins. For what it is, it's pretty powerful.

BML and MLS to perform well tomorrow?

>>1835596
>BML and MLS to perform well tomorrow?
I'll be happy in mls just stabilises at .007 tbqh

Woo, Monday. Best day of the week around here. Love when the markets are open.

MLS looking rock solid, if you haven't already bought back in, might be your last chance to avg. down/enter this low

>>1836765
heavy resistance at 0.007c. I don't think it will go lower today. Probably go up a pip or two

I bought MXC at 0.058 fucking forever go. I hope I finally get some gains but I'd settle for breaking even at this point. I was reinvesting from that gains made on the pump and dump so it don't hurt to bad.

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Lost 40% on GXY. Fuckin meme stocks, lads. Cunts. What you blokes been cleanin up on?

>>1836967
SAS. Its still very low considering that they're contracted with the US defence.

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>>1836899
I got in at 0.042 with MXC. MDC has been alright for me also, bought in at 0.60. MMJ at .25 and AC8 back when it was TWH before the auscann take over. Have made probably 40% return on that. Been an ok few weeks for my gamble of pot stocks. Only really have small amounts in each, hoping one or two take off in long term. My others are minerals company's. ICG, AJM and GXY. GXY is shit. Fell for the meme stock here. Lost 40% before selling today. ICG been good.

Im thinking about doing a big buy (for me) in spookfish SFI shortly. Does anyone here have in on spookfish or near maps?

Any advice on SFI or nearmaps would be appreciated. Thinking along the lines of 3-5g for possible long-ish term 3-6 months?

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>>1836997
Shit, they've had a very decent month. Do you think it will be peaking here then levelling out? 13% in one day is a good mover.

>>1836997
It's not like US defence is paying them any money, the contract they made is for the safety of their satellites if anything SAS is paying them, so it's not big at all.
SAS has potential but until they successfully launch their first satellite it's all speculation

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>>1837022
>>1825893
>>>1836997

>SAS has potential but until they successfully launch their first satellite it's all speculation

Has there been any type of announcements in regards to this? And/or other company progression? Would it be legitimate for a long term possible sure thing?

MLS about to break through 0.009 :')

r

>>1837086
it won't go over 10 for months m8

>>1837095
fake sells and massive linewipes.
This thing is still being manipulated hard!

>>1837086
I was about to buy at 0.007, then pauses to do more research. Guess I'll just fuck myself.

>>1837086
the fuck is going on, nothing all day then in the past 25 mins more than 100k worth sold
is it just blatant insider trading expecting news coming up or more manipulation

>>1836765
What do you know, I'm right again, if you haven't gotten in already, see you at .012 tomorrow.

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MLS is Holding 0.009 strong; 0.010 is going to be hard to break, but If it can, it'll go up to 0.012-13.

>>1837128
Idgaf so long as I can ride up with them. I've averaged down to 0.011, might have a shot at actually making money off this fucker.

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Fuck we're actually moving towards ten, please jesus..

Are you guys planning on dumping mls and buying back in during the probable dip, or are you holding?

>>1837217
I'm holding

>>1837128

Back down to 0.008 tomorrow IMO, unfortunately

what the fuck is going on with MLS?

seems like a bogus penny stock tb h

>>1831410
21, finance student at unimelb
working for 18.5/hr part time at a coffee shop

>>1837013
>>1837022
>>1837065
The way I look at it, considering our mobile 4g is faster than the internet we get at home. I'm dreaming that the govt would scrap NBN for this instead. It's a risk, but hey, Donald trump won the impossible, so anything is possible.

Has it reach its peak? Idk, I only been doing share since the trump bet. But consider its a 3:1 (buyer/seller) ratio atm things are going okay. And considering that weed share like MMJ is at .300 mark, a stupid amount for something that ain't fully legal on Australia.

To me American defence deal gives a sense of legitimacy for this product.
>have they done anything profitable?
A shitty phone company in Nigeria is contracting them for their satellite coverage which is due to launch before mid this year & they partnered up with $1 smartphone company (for poor poor people), so maybe it would take off.

Once more I can't stress enough how much of an amateur I am when it comes to this.

Hope you guys in the red on MLS didn't sell out Friday or this morning, probably be a few more dips but should finish higher than it did today in the coming weeks yet.

Out of curiosity does anyone hear invest in ASX200/300 stocks or is everyone micro caps?

>>1837344
I usually just pick a single micro cap stock and invest all my money into it

>>1837347
10/10 biz approved investing strategy right here

>>1837344
I had half a dozen Aussie blue chips and a couple of grand in VAS, but I sold and I'm only in meme stocks now. I couldn't afford enough shares in the big boys to make the dividends worthwhile. It's the moon or nothing for me.

>>1837344
Also yeah, I rode the mls beast and averaged down to .010.
Suicide anon, are you still with us? You didn't panic sell I hope.

>>1837344
I have most of the aussie blue chips, would like to have more and I don't have divididend reinvestment setup either which I need to get sorted.

I kinda just let them do their thing though, Only the meme stocks are what I watch.

What's opinions on GXY folks?

They've just completed their second shipment but the price has been going down pretty quick from the .60s it was earlier in the year.

>>1828772
>AC8
did you sell? sitting at 0.440 now.
I'm selling half at 0.490 then I'll hold the rest for a hopeful longer term.

>>1837529

I got in on AC8 before the auscann take over. So far i have a 100% return rate. Going to hold on for a
little longer i think

>>1837486
price correction, happens often especially with GXY

>>1837344

I own Resmed, Vocus, Appen, Greencross and two ETFs.

There's good businesses outside the top 300 but they are hidden amongst beneath a bunch of trash minerals prospectors. In this end of the market people just buy hype and never actually read the financial data in the annual reports

>>1837486
It could be a decent opportunity to buy. Then again I bought at 0.6 so take that with a grain of salt.

ive had 200~ bsl.ax shares for a while, got them for $1k in total

wat do? keep or sell?

>It's not like US defence is paying them any money, the contract they made is for the safety of their satellites
Safety against what? Ufo?

Is anyone going to do the sharemarket game? Might do it and throw it all at meme stocks for lulz

Do any of you Aussie invest in American stocks?

How do you do this? Are you concerned about FX risk? How about tax?

Just pulled out of MLS, down $900, fucking cancer stock. If drops back to 0.007 I'll reenter and try to make up the losses.

>>1838974
What made you sell out? I'm going to stand by a call for 0.012 high for you guys on MLS by this Friday but happy to be proven wrong if it doesn't pan out that way.

>>1830239
I hope at least one of you got in on this.

25% up today since opening.

Just dropped gxy for tiny profit.
Im sick of their shit. I should of shorted it like everyone else, i still might but dat downtrend

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>>1839132
I did the same yesterday mate. Werent goin nowhere. Only shit show i had in my portfolio. Got sick of lookin at it

>>1839009
I was in way too much, literally loosing sleep over it, I'll reenter with a lower amount if they dip. Only fuck around with microcaps with small amounts of capital.

>>1838974

There are hundreds of better enterprises trading on the market. Why not recoup your losses with one of those?

>>1838974
If I pulled out now I'd be down $6000

>>1839009
I don't understand what you're saying.

You think it will be 0.012 by Friday?

>>1839518
Fuck sake.. Are you loaded or suicidal?

>>1839529
Unless some good news breaks, there's no chance it's breaking .010 imo

>>1839495
Any suggestions? I've made a good amount off riding KAI on and off. Is RMX due for another pump?

>>1839551
>Fuck sake.. Are you loaded or suicidal?
Neither

There's hardly any sellers at 0.009. I t could easily hit 1c if we get some more volume

>>1839559
A a couple hundred thousand just got pulled from the sell side at0.009

>>1839553

You're still thinking in terms of pumpndump companies that trade on hype alone. I'm talking about real businesses with a validated business model and actual revenue and profit. Consider Nick Scali, Appen, Iress, Steadfast Group, etc

Hey! MLS! Le Assays will make it go over to Le Moon!

Another public service announcement from Le Reddit. *tips fedora*

>>1839729
ebin may may, have some narwhal bacon my friend and an upboat xD

*witty pun*

>>1828253
>Mate, you realise hard rock lithium has been dead for 6+ months, right?

Hardrock is more costly than brine, but more reliable than brine. While brine is weather dependent, hardrock isn't, thus a company with both productions is a more reliable supplier than a company with only one. The biggest lithium distributor in the world, Albemarle, is a hardrock supplier.

>>1828262
>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.

Sal de Vida is a tier 1 brine deposit currently under development, fully owned by GXY.

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>>1839758
GXY is fine if you want to follow the typical /biz/ strategy of buying high and selling low.

It is fun to think people still believe we don't possess the technology to speed up evaporation, but surely no-one - even on this board - is actually that stupid?

Have to track an ASX stock for a few weeks for uni. Haven't been paying attention to anything interesting lately because no money.

What is an interesting, relatively volatile meme stock that will see some movement up or down in the coming 2 months?

>>1839824
Theyre in the OP

>>1839801
was talking to a chemical engineer friend today and he seems to think brine is shit not because of the resource but because the shitty south american governments are clueless when it comes to lithium and they own significant portions of it/are putting up significant roadblocks to extracting it

>>1839801
>It is fun to think people still believe we don't possess the technology to speed up evaporation, but surely no-one - even on this board - is actually that stupid?

*** a wild retard appeared ***

speeding up evaporation would make the lithium brine production more costly than extraction from spodumene, but /biz is a retard circlejerk no fucking necessity explaining it here.

>>1839824
bsl.ax

seems to go up when trumpy dump talks bout the wall. check its history n shiet

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What's CIM gonna do tomorrow. Pick up from where it left off today, or drop a bit first, perhaps to the 50pc retracement line, thereby filling that wee gap?

Thoughts?

>>1839950
What caused it to drop from the high 30's it was to sub 28 just before your graph starts anyway?

I missed that oppurtunity to buy more.

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>>1840005
No idea, only the big institutional players could accurately answer that. Decreased volume and spread of price suggests that holders wanna hold and not sell. I think we will see upward movement soon. The question is, will it move down to fill that gap or not first?

Here's another chart from today. Note the gradual increase in volume over time but the minimal movement in price

ATTENTION LITHIUM BROS

CODE RED CODE RED WHAT DO!?!?

http://venturebeat.com/2017/03/05/lithium-ion-co-creator-introduces-new-battery-with-up-to-3-times-the-juice/

Seriously, I am in GALXF and this is potentially horrible news.. wonder if there is gonna be a huge dump coming today when the market opens? I mean GXY is down..

>>1840170
in 20 years this could be a good battery, but not now.

>>1840349
I should have sold GALXF by now.. was up 2.5 k .. fuck me

>>1840527
>why did I buy, why haven't I sold

the shit questions you never ask yourself, there was a reason you bought in. GXY is the only producing lithium company that just entered the market (ORE excluded because they are shit), if you bought into other lithium producers other than ALB, SQM, GXY then you fucked up, but those three are good. Also, GXY is probably getting bought by ALB this year.

GXY is a good company. Do your research.

might be a good opportunity to buy GGG if you want to hop on that train

>>1841439
Ah shit, I should've waited until my buy order @ $0.435 executed before I said this...

CPL mooning right now. Good call by anon in last thread. Its recouped all my losses

>>1841537
Meant to say CLQ

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>>1839908

OK, mate.

You invest in GXY based on your non-existent understanding of modern technology and market supply, and we'll just see who makes more money by the end of the year.

DOT BONG MINI BOOM THIS MORNING.

The following weed stocks are all up around 10-20%


MXC
MMJ
ZLD
AC8
MDC (not up much today but has been steadily rising for over a year)

Have I missed any others?

>>1840170

This tech is 10+ years old at this point.

No-one has made any moves to even begin implementation so far.

Ramp-up time is extensive on mass production.

This is only getting any mentions because some retard posted it to Reddit.

How bow dah MXC lads? My dump savings into a single meme stock strategy is working. I must be tha wolf o wall strete or somethin. goin to quit my job

>>1841637
Cash me ousside.

It's past 12:30 and MLS Still hasn't traded a single share! LOL!

>>1841668
dear god

>>1841668
care to speculate as to why?
I honestly have no idea, unless all the traders have moved on weed stocks this morning instead.

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>>1841668
>>1839009

Volume looks fucking terrible, le .012 by Friday meme isn't looking too promising fellas.

>>1841695
I'm happy to see it stabilised. I don't know why anons think it should push to .012 short term. I can't see it breaking .010 max until a new positive announcement.

>>1837311

>PRO tip, get a job at an rsl or leagues club. pays roughly $27+ per hour casually with just rsa/rcg

>>1837636
How much profit are you looking to get if you sell?

Some cunt just dumped half a million mls at .08

>>1838967
Im not sure how to. I just go through an aussie bank and broker. There is a way to do off sure trading but im not familiar with it. Id say you need a special broker for it.. also i think tax is like anything. Keep your own records and let your accountant figure it out for you.

>>1841950
What's your point?

I didn't intend for it to be, but MLS is now a long term hold for me
Very confident that it will come back up, just possibly not in the short term.
I wish I had the money free to buy RMX. It just dropped to 0.031, it's MC is super cheap for its potential

>>1841968
I'm long term hold now too; still makes me sad to see my mls even further in the red.

Lol MLS is about to hit 7
8 just got pumped hard!

>>1841583
Any idea on why they have all made a huge jump today? Im in on all except ZLD so have had a decent day. No announcements that explain this tho? I know a law was passed through a week or two ago and a few of them junped.

>>1842028
Possible more good news from the Federal government regarding regulation/ important and manufacture of Medical marijuana in Australia could be forthcoming.

Anyone got some recs?
all of my holdings are longterm and boring looking for some fun but these memestocks looks retarded famelan, id take anything besides lithium related.

>>1842059
Sauce?

>>1842059
no sauce, if anything it's a leaky boat, someone in Fed Gov...

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I have a question for anyone involved in pot stocks or has done enough research on the ones listed below.

Which of these companies stand to make the most success following further government legislature?

I have heard MMJ has strong potential but this is not something i researched myself. Just heard from others.

I am planning on going in on one with the majority of my remaining cash so I'm asking this because i am unsure about which one to go all out in.

So which one would you pot stock enthusiasts pick and why??

>Inb4 unreliable meme stocks

>MXC
>MMJ
>ZLD
>AC8
>MDC

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>>1840013
I knew this would happen

CIM today

Everything in the red today it seems

>>1841999
Has anyone done an EV since the announcement? I always try to look at that and compare it to the MC.

OK.. So since the announcement I have it as the following:

The only real ore body that we have is ZINC at Manindi and it's been estimated to be 1,075,859 tonnes. This body has a Zn grade of 6.52% so that's roughly 70,142 tonnes of Zn. The going rate of Zn is about $2,700USD or around $3,500AUD. So that means the ore body is estimated to be worth around $245,511,023AUD.

Based on that alone this looks like a steal at .8c as the ore body is worth 24x the market cap of the company. They are also expecting to find MORE Zn, will eventually be drilling for Graphite and may have stumbled onto some Cobalt..

DYOR, this is a very crude way of looking at it..

Why are JB-HI-FI going down so rapidly?


they monopolies the market here.

>>1842236

I second this, also AusCann looks promising. This March there will most likely be a boom due to growing licence's becoming a thing in Australia. Australia's market will do way better then the states when it comes to pot our culture is stronger IMHO.

>>1842358
That says nothing about getting it out of the ground or processing it though.

>>1842372
>>1842358
I initially went with AusCann because of the ties to Canopy Growth in Canada, the link could be good for a supply chain in the long term (pending legislation).
I sold some of my holding today to limit my risk and make a little profit but I'll probably hold the rest for a few months and see how the medical licenses go.

>>1842418
>>1842358
sorry wrong post.
>>1842236

>>1842420
>>1842418
Were you in whilst it was TWH before the auscann take over? Also you say just a few months after licensing.. do you think if it takes of it may be worth while as a long term investment..6-12 months?

Also, you have thoughts on the other company's i listed or is auscann your main interest?

Anyone else holding Conico (CNJ)?

Getting shafted on this and gxy at the minute

>>1842365
Amazon are opening up in Australia soon. That's been predicted to knock jb around a bit.

zld is in partnership with auscann, but they're listed as separate entities on the asx. What does this mean exactly?

>>1842443
No idea about that. I never even heard about ZLD until not long ago. I know that before auscann became AC8 it was TWH. That a few months ago that the take over happened. But im still relatively new to all this so green on alot of things.

>>1842425
No I got in after the takeover but before the climb started a couple of weeks ago.
I'm a hobby trader so take my advice with a grain of salt but I think it does have longer term potential if the government doesn't politicise the medicinal legislation too much and the Chille crop isn't a failure.
I would expect a dip in the coming week/s though, there's a bit of hype that isn't backed up by much in the way of announcements so I'll see if/when that happens before buying anything more.

I have watched a couple of the others but haven't formed much of an opinion on them yet, I'm still doing research on whether any of the others will interest me.

>>1842429
I think you should sell CNJ, even if you are at a loss. The price was elevated due to speculation regarding the price of cobalt. The price of cobalt seems to have stabilized on the LME.

I can't see CNJ bouncing back up soon.

>>1842477
Do you see decriminalisation as inevitable? Or at least extension of medical marijuana for people with "anxiety" etc. If decrim, will the medicinal suppliers be the ones supplying it for general consumption?

>>1842488
That might be a slow road, but watch what happens in Canada, they are expected to start moving legislation forward in the next 6-12 months.
Australia will probably start with medical trials for cancer patients and terminal illness because that is where most of the proven benefit is but it's all going to depend on whether politics get played on the topic or if the legislation goes through easily imo.

>>1841581
>>1839908

spodumene
>spudomeme

Yeah I wouldt be buying back in for a while in GXY..

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Thoughts?
http://www.fool.com.au/2017/03/08/is-the-lithium-boom-about-to-come-to-an-end/

I'm still holding GXY, bought in at 42.5 last year.. Thinking of riding the rollercoaster one more time

>>1841974
Do you really think they have potential?
By the time they actually start mining lithium from their project in Utah the price of lithium will be down by 40% if not more

>>1842434
American companies do poorly in Australia, plus everyone scams amazon. what a crock

>>1842977
Stores and malls have been tanking for a while now while online shopping and delivery has steadily increased, coincidence?
Don't be that idiot anon.

Amazon won't take over the market but they will end the monopoly JB hi-fi has enjoyed the last few years bringing down their profits and forcing them to sell at a lower profit margin so they can compete with amazon.

MLS announcement
Back up we go, boys :')

Market doesn't seem too interested in the announcement
Oh well, it's good news to me either way

Why does NUH and RAP receive no attention anymore? They used to be /biz/ favourites, HSO too

Not meme-y enough? Too slow gains?

>>1843934
>Market doesn't seem too interested
Many such Cases! I'm with you though, glad too see them forging ahead.

Fuck zld is storming out of the gates this morning. I bought in at .055 yesterday arvo, this morning it's at .067.

>>1844014

dont get greedy

>>1844016
I hate myself for buying at the high, but I didn't want to miss the hype train today. Could well be a retraction once everyone chills a bit; I just hope it doesn't go below my buy in. Who else /bongstocks/ here?

>>1844025
Been MMJ for over a year now. Was trading it prior when it was Phytotech for 20% gains but now holding for at least til 45c

>>1844046
Broker has given me a heads up to sell. MMJ has gone up 120% in a month, brokers are going to profit take very soon.

AC8 is going up based on rumour RE: Canadian takeover. Not sure why ZLD is going spastic. Take your profits while you can, anything over 20% profit is good.

These stocks will go down again soon enough, especially if there's a change or delay to federal legislation regarding Medical marijuana.

>>1844093
20% profit on anything I don't plan to hold onto for years is always a good time to get out.

>>1844103
I'm moreso wary that my stockbroker is telling me to sell! They will massage the share price down themselves soon enough anyway.

>>1844093
I've still got another day of settlement on zld so I hope they don't massage till next week. Also zld has a partnership with auscann, that's probably helping the sp.

>>1844119
Lads, can I sell my shares if they're still in settlement?

why has mxc skyrocketed in value

>>1844195
no reason whatsoever. Speculation about "dude weeds nearly legal right?". Sell boys. Buy back in after the hype settles but more legislation changes are slated.

Massive mls dump, pushed it down to .007.

>>1844219
I'm out of MMJ now, 20% profit after holding it for a year. Pretty shitty, should have averaged down when it went below 0.20c

>>1844241
similiar boat with mxc. Made money off the initial pump and dump though, so no ill will. Just hope I don't fall for this shit again.

Anyone holding RMX until they announce good news regarding their drilling?
I think it should gain a good 20-30% if good news.
I'm not a good holding r-right
Plis help

>>1844255
I'm not bag holding r-right?*

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>>1844247

>>1844306
meant for>>1844265

Second day of memestocks getting rekt, is everyone getting on the ASX 200 now?

>>1844382
My memestocks are up, aside from mls and ggg.

>>1844306
My ex wife won't be happy I gambled her alimony on memestocks, fuck.

So what did people make of the MLS announcement this morning?

Anyone here have any GIGL? I just bought ~$1300 worth

>>1844467
Wait for more assays I suppose. When the assays drop watch the institutional investors drive the price down.

>>1844093
Any source on the AC8 takeover rumour? where did you hear it, I haven't seen that.

>>1844093
>>1844103
Did you guys end up selling? I stayed with zld. I bought in at .055 and it's now at .062. So much volume today I have no idea whether institutionals have scooped off their profits or not. Zld did peak at .075 though; I'm hoping .062 is the dip. Rumours of gov announcements and the AC8 takeover make me want to hold. Zld is in partnership with auscann, so the takeover must be good for zld too, r-right?

>>1844685
It'll drop tomorrow. It's Friday

>>1842425
Did some more research on MXC today, nothing exceptional but I think they are undervalued considering the current trends so I bought in.
I doubt they will see the rise that AC8 has but there is definately room to grow at least short term.

>>1844695
wat u get in at m8?

>>1844695
AC8 0.280
MXC 0.065

>>1844704
>>1844715

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>he isn't in on FBR

>>1844715
gg m8. Don't know who the dickheads buying at 0.073, just sold at that and I'm hoping to buy back in soon.

Bought MLS today at 0.008, good move or will I lose it all?

>>1844730
How high do you think it will go?
Doesn't look very promising m8

>>1844745
You'll be fine if you hold and don't pay attention to Hotcopper and shills

>>1825893

Hey biz. I'm an 18 year old in my final year of school at the moment. What's the best way to learn about the sharemarket?

I currently have about $11,000 saved up from working shit jobs during school and am still currently working.

My family are poor cucks and know jack piss about investing cause they spend all their money on expensive cars and clothes.

>>1844768
Unironically ignore 99% of what you read ITT and on the internet in general, always be skeptical

>>1844768
Play the asx sharemarket game. Invest 90% of funds in yo various ETFs and then use 10% for meme stocks

>>1844768
Sign up to commsec, watch some stocks in an industry that interests you then read the announcements and see what impact that has on the price.

Don't spend anything you aren't willing to lose and don't go all in on anything.

Don't buy based on "omg i saw it on the news/biz/etc, its gonna be big".

Don't be afraid to sell at a loss if you made a bad decision and have a chance to save what's left.

>>1844745
>>1844753

it's turned into a mid-long for me. $10K deep @ 0.0013c. Will be happy and sell all if it breaks 0.02c
It's such a good company with vast and yet undiscovered mineral wealth assets that I could see it doing something bullshit, can also see it be mismanaged by yet another incompetent micro-cap board of directors and milked for capital raisings.

Anyone holding RMX?
I jumped in with 20k not sure if I should get out when it gets back to 0.031 or will this shit get better once they start drilling?

>>1831410
23 y/o graduate consultant on 58k a year. 20k invested in a VAS/VGS etf Split.

>>1844780
Hey can you explain what an ETF is and exactly how to get involved in them? Im a total noob. Have 20 grand to invest but dont wanna potentially waste on meme stocks only

>>1845887
Sure. An ETF is an exchange traded fund. Theyre managed funds that are traded like shares, but the benefit is you can get exposure to markets betond australian shares - gold, international equities, forex etc, while still having the liquidity of shares. Wikipedia has a list of ASX traded ETFs.

Best practice would be to sign up for an account with commsec and an account with selfwealth.

Commsec account is only used for their app and website which are both really good, to keep track of your shares/etfs.

Selfwealth is the site for actually completing the trades. Reason why you could use self wealth instead of commsec for trades is because they only charge 9.90 flat rate for brokerage, whereas commsec is minimum 19.90.

Or if youbdont care too much about the extra cost of commsec brokerage, just use commswc to trade.

Who do you bank with usually?

>>1845928
Wait, I use commsec and have a combank acnt. Can I trade with self wealth and still have the shares appear in my commsec acnt?

Apologies in advance for the autism

>>1845966
No, the commsec account would use a 'watchlist' to keep track of the shares you own. If you want to keep it simple, just use commsec

How much longer do you think that the banks will stay at the same price I kind want some ANZ.

>>1845975
Okay cool, thanks for the answer.

Need some meme stocks in my portfolio. Which of the following has a higher probability of a modest short-term return of say 25%
>RMX at .30
>MLS at .007

>>1846026
MLS at 0.007c is my pick out of them two.

>>1846026
I'd go with MLS if you can get it under 0.09

After the CR I personally wouldn't touch RMX but if you're after short term gains you could probably get an easy 5-10% within a week or two, I doubt it'll drop any lower than it is right now currently.

>>1845928
Yeh im with commsec. I use the app and have an account. But only have been involved in the ASX. I wasnt aware that i could do ETFs from this account. I will look into it on their web site.

Are the risks from ETFs the exact same as trading in the ASX alone the same?
Is it possible to set up a set interest return in a long term investment without any risk of loss. Even if the interest return is small. But bigger than what the banks offer. I have a lump sum of money in the bank that i am only getting 2.5% on..

So far with in 6 months on the ASX i have a 73% return rate. But im looking for something with minimal risk for the larger amount of my savings. Would an ETF be better for this.

Goes without saying i am really new to this.

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>>1846565
>>1846565
>>1846565

>>1846528

I believe long term bonds are risk free, with higher returns than with the banks, but lower than ETFs long term. Still better than a savings account if you don't mind having your money locked in for fixed periods of time.

That said, you can get 3% interest using IngDirect's savings account under the condition you deposit a minimum of $1,000 each month.

>>1846528
A cash based ETF like AAA will give you exactly that

bought into mxc at .03

derisked my portfolio by selling at half my shares at.06

i think weed is far too hyped atm

>>1846665
Can you explain a bit more on how i would get into that? I have approximately 40g to put in. Probably for a 1-3 year type investment. Would it be worth while for the return?

>>1846602
Yeah my issue is that i have a sum of about 40k but i do not earn enough to save, only enough to live. I am in a position to invest that 40 over 1-3 years if it is worth while. Would u reccomend a safe ETF or something else?

>>1846732

I don't think there really are any 'safe' ETFs on a 1-3 year time scale as that isn't a long enough to ride out the peaks and troughs. If your plan was to withdraw in 3-5 years then most diversified ETFs that track an index would be reasonably safe.

You do have the option of going with a passively managed mutual fund with relatively low fees such as those offered by Vanguard. The good thing with these managed funds is how they allow you to select the risk profile that matches your risk appetite and investment time period.

They have conservative and balanced funds which increase the allocation of stable assets such as gold and bonds to smooth out the peaks and troughs such you won't need to hang on for years to guarantee a good return.

Managed funds have higher fees that add up in the long term when compared to most ETFs which is why they're less popular among seasoned investors who have the resources and know how to diversify themselves.

I've never invested in a managed fund myself so be sure to do your own research especially to do with their fees.

>>1846729

The ASX:AAA is purchased via a broker just like any ETF. You can also invest through the passively managed fund version but the annual returns after fees are just 2.57% and 3.23% respectively. This return is a marginally better than what you can get from the banks on your own, and it does save you the hassle of switching accounts as they periodically change their interest rates.

ETHI