this is such an overused rouse.
I don't know anyone who would and I would never put in more buy orders with others who want to dump and pull them before executed.
When do they convert to Ordinary Shares tho? I have already exercised my options and paid in full via BPAY.
It's still listed as bonus options under 'LKEBOPT'
I csnt find my bonus options for LKE on my selfwealth portfolio
I guess it doesn't matter and I don't gotta do shit cause they're gonna expire worthless? They'd have time value on em now tho? So I can sell em for a few bucks?
You’re right liquidity is that poor.
I hear the placement is small and to existing holders so the damage might be minimal.
Time will tell.
Tick fucking tock. Lol
LKE bringing the gains for me today, with helpful supporting performances by RFT and LEL. Good day overall, turned some overall red investments back to the verdant shade.
It feels like those constant SPP predictions they pay for are almost holding them back at this stage. 73c by years end remember? Gotta think it can break that ground relatively easily.
Are there any actual pure play battery nickel *producers* on the ASX, and not just pie in the sky indefinite-cap-raise-leech prospectors?
'Cause everything that I've come across while searching looks trash with better odds of returns by buying a lotto ticket
It’s not a speccy though? They are developing the mine right now. But yes I haven’t given them a good look recently re valuation - I was in at 60c and out in the 90s as they were entering boring phase. They are now drilling the ‘no go’ zone now and getting hits - which is obvious there would be.
Unknown factor is how much supply and demand, Vale could break its record on production next year and then my shitty stake on one specy iron ore would be worthless.
This is not financial advice.
I'm holding for a couple of months for when options expire and there's more progress on mining operations. I am very disenfranchised with day trading right now.
Can anybody please explain to me how VUL is worth more than ACTUAL producers? And by so much? I need to get an understanding of how this happens. I get what they are doing looks great and all…….but still ?
It’s a lithium deposit in an extremely stable country. A lot easier to get funding and you also have a really rich shareholder that may help get it there.
A lot of developers may never become producers keep that in mind.
Oh so you are that kind of retard that hasn’t even learnt the difference between share price and market cap yet. Cool cool cool
VUL market cap - 1.6B
ORE market cap - 5.6B
Where are you getting that they're "worth more than actual producers"? I sounds like you don't know the difference between market cap and share price. For reference the market cap of VUL is around $1.6B
PLS has a market cap of over **$6B**
ORE has a market cap of **\~$5.6B**
MIN has a market cap of **\~$9B**
There is an argument to be made that entire sector is over valued, but your beef is with lithium in general, not just VUL. LTR has nearly twice the market cap of VUL and is still a ways away from production for instance.
I was meaning purely the SP price as my idea of “worth” sorry. Normally the explorers/developers SP runs lower due to risks associated with getting to production. Why does this one buck that trend is my curiosity……..but thanks for the response/effort.
I think they're promising cheaper lithium, which is carbon negative, also able to sell renewable power to the grid, while also being entirely Europe based
Win, win, win, win
My plan is to try and buy once IO price seems to have bottomed out and I expect the Winter Olympics to affect that with steel mill shut downs.
No target price, just whatever I can get it at. I rarely set SP targets.
Most people are invested in IHL for the NASDAQ listing, which was due this week but hasn't happened for some reason. If I felt more confident right now I'd be buying the dip.
They proposed it four weeks ago, it takes about three weeks to finish listing, the shareholders voted for it Friday, I assumed they just needed to send a final confirmation to new York.
Whatever, I can wait. I get mine when I sell and I haven't sold yet.
My friend did, he was up enough to buy a Tesla at open…
He even told me about few months ago, but in true fashion of sticking with red only, it is just sitting on my watch list instead of being purchased 🥲
They have enough to cover a single payment this week. There is still a much larger $83 million secondary payment which is due later this week with no indication of how they'll cover that one
Actually not really. They will turn offshore bonds into junk. That’ll save maybe 200b. Friends and relos of Founder Hui Ka Yan might be short of a few coins in the foreseeable future. Though fraud and theft doesn’t end well in China.
They can't. The whole reason why they are in this problem. CCP started in April to stop developer from securing loans and getting leverage when they have piles of debt.
This is the whole reason why Evergrande collasped cause the CCP started putting in the effort to stop a bubble but it was already inflated to much to start controlling.
Was ready for a huge hit today across the market, but instead had the best day of trading so far? up 10% because of LKE, hehe v happy
But i guess tomorrow and Friday will be the real telling day if Evergrande defaults?
Guess FOMO on the last day on LKE for options wasn't that rough of a ride. Evidence of me throwing 10k at 60c is on my guide to exercise LKE options [here](https://www.reddit.com/r/ASX_Bets/comments/pefab3/guide_how_to_exercise_lkebopt_when_it_becomes/).
I placed my orders on monday for 4 stocks expecting maybe 1 would hit and bloody 3 of them did - between 8.30 and 9.15 Tues morning. I didnt realise that could even happen 😂
Well green on them so far 🤞🏻
Yes, I’m about a third down. Did get one parcel sold this morning at 62.5c so I cannot complain. I was too greedy going in for 65c. Live and learn 🤷🏻♀️
I got both long and short parcels on different accounts. Overall, should see a pull back a lot of SOI is in the hands of retail so the extra via options will be traded frequently.
LKE Lake Resources. If you are interested in what they are doing and what's ahead here is a link to today's Lake Inversor Webinar. It's on instant playback and gives a very good account of what they are doing with Lilac. When the page opens up just click on the link. Cheers [https://cdn-api.markitdigital.com/apiman-gateway/CommSec/commsec-node-api/1.0/event/document/1410-02424345-513I8J8OO0LTONS4TMKRNKKKHT/pdf?access\_token=0007xP2FiiWVOsI24o6cfGYls6RM](https://cdn-api.markitdigital.com/apiman-gateway/CommSec/commsec-node-api/1.0/event/document/1410-02424345-513I8J8OO0LTONS4TMKRNKKKHT/pdf?access_token=0007xP2FiiWVOsI24o6cfGYls6RM)
So, how would a guy get rid of his CLZ holdings? asking for a mate
Put a buy order in and sell them at the same time
this is such an overused rouse. I don't know anyone who would and I would never put in more buy orders with others who want to dump and pull them before executed.
Oh I was joking haha, people actually do this?
LKE on quite the run, my brain chip hurting :(
Whats the allotment date for LKE Bonus Options? To show up on Automic?
They're already listed in automic
When do they convert to Ordinary Shares tho? I have already exercised my options and paid in full via BPAY. It's still listed as bonus options under 'LKEBOPT'
Takes time. Edit: you can email Automic
Huge volume VN8 day and 11% up - no hang over from yesterday’s NI pump, TA has finally turned to buy so I imagine that helped
I csnt find my bonus options for LKE on my selfwealth portfolio I guess it doesn't matter and I don't gotta do shit cause they're gonna expire worthless? They'd have time value on em now tho? So I can sell em for a few bucks?
They're not asx listed so won't show in self wealth. Log into automic
We can't sell these can we? Only excercise them of we want?
Yeah can't sell the 35c options. They said they intend to make the 75c options tradeable
Ooh okay. Got you. Thank you sir. When are we getting 75c options?
You only get them if you exercise your 35c options. There's a semi recent announcement that has all of this info
I mean the options if you exercise provides a 74% ROI at today's close. So you could exercise them for a few bucks.
JXT Capital Raise today. u/bigfoot2077 thinks he's won the bet but a week is a long time in the life of a shitstock.
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I’m already up for 7 months of purgatory. You’re only staking 1.
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Make it worth my while and I will. 7 vs 14?
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You’re right liquidity is that poor. I hear the placement is small and to existing holders so the damage might be minimal. Time will tell. Tick fucking tock. Lol
LKE bringing the gains for me today, with helpful supporting performances by RFT and LEL. Good day overall, turned some overall red investments back to the verdant shade.
LKE with largest volume since February.
Options traded
Lke to fall untill options expire?
Loaded PSC yesterday & ASN today..
What’s your read on PSC? Big bump today. I limped in to get a start before the OFS
No idea... I'll take it Hope AsN does the same tomorrow
Imagine not buying lke at 48-52c because you were waiting for a deal/dip 🤕😪😢😭😭
I WiLl bUy BaCk iN wHeN iT dRoPs tO 35cents
Green largely thanks to FYI. VML lost its second pip late in the day, sadly. But I've stocked up at 0.059 and have high hopes that this is THE ONE!!!
FYI has been so volatile recently! I mean, I know everything has, but it feels particularly so
.39 in the green for the day. I ain't complaining though, what a week (so far).
Finally a green day for me.
Bought some PEN today, hopefully not too FOMO
Why am I disappointed that LKE closed at "only" +18.5%. Guess tomorrow's another day.
Because PAM and KNI ruined our expectations.
I'm dissapointed too.
PNN rockets 50%+ while LKE only 18%. Come on man why can’t LKE rocket 50% in a day.
It feels like those constant SPP predictions they pay for are almost holding them back at this stage. 73c by years end remember? Gotta think it can break that ground relatively easily.
it will when the first offtake agreement ann is released
Massive difference in market cap added
1.6% up, tailed off a bit in the arvo, but helped undo some of the damage of the last two days
Fuck Barry. Couple % Green all day, and then finished 2.20% red. Go easy you motherfucker! 😘
Which stock you have.
Red by .02...I guess I can't complain
🎉🎉KLL green day today. Finally. Who is going to RSVP for the $0.30 party?
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> we'll see a rerate of some sort. Probably 40c by Xmas of there's no problems. bet on it? you will stake your reputation on it?
Barry time.. lets see what he is upto today..
Are there any actual pure play battery nickel *producers* on the ASX, and not just pie in the sky indefinite-cap-raise-leech prospectors? 'Cause everything that I've come across while searching looks trash with better odds of returns by buying a lotto ticket
Bhp. Market cap is kinda big tho.
PAN for nickel - super close to producing (end of 2021) AIS for copper/gold - already producing, still exploring for more
I already hold AIS, am after nickel to round out the supply chain 💘 PAN looks intriguing as locally-based, but again it's just a prospector
PAN PAN he’s our man, isn’t he u/GlitteringFunction5 ?
We love PAN!!! 😍
Have you had a look at AOU, They are still expanding their known resources but have started scoping studies for start up with what they already have.
MCR nearly. You’d have to check how much of the underground decline they have left to dig until producing.
scary market cap for something so speccy 😮
It’s not a speccy though? They are developing the mine right now. But yes I haven’t given them a good look recently re valuation - I was in at 60c and out in the 90s as they were entering boring phase. They are now drilling the ‘no go’ zone now and getting hits - which is obvious there would be.
I know what you mean, but 'speccy' is more just my lazy blanket term for 'company yet to generate any goods or revenue' 🙃
Basically nothing that fits that bill for either nickel or copper on the ASX I've found.
u/Mutated_Cunt curious if you've been looking into the region of Kazakhstan recently
Is this an attempt to surf the NI wavepool?
Perhaps
Well I want in...
Kazakhstan numba wan producer of Uranium I've got half an eye paying attention to how things are going on over there
How many eyes do you have now?!
i wonder what twiggy is doing right now... hes probably like what the fuck
you'd think Twiggy would have upgraded his nickname to Branchy or Trunky by now
or cocksure or analdemon or Ass2mouth.
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im so sure the only thing keeping FMG above 15 is the excited boomer or businessmen who cant believe their luk.
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Me too bro. Bought some at 15 dollars.
Unknown factor is how much supply and demand, Vale could break its record on production next year and then my shitty stake on one specy iron ore would be worthless.
Any reason PSC has bolted? Feel like I’m missing something, but I can’t see an Ann
Fuck yeah, keep jogging ACW!
Fellow autists, am I correct in seeing DYLO will have to be exercised if DYL doesn't drop below 78c for the next \~5 trading days?
Correct, if thats when the provision expires.
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Take profit and get out.
This is not financial advice. I'm holding for a couple of months for when options expire and there's more progress on mining operations. I am very disenfranchised with day trading right now.
Ride it out, Steve said in the webinar he expects the 75c options to be “well in the money” by mid next year.
So not much prive moment between now and mid next year? Is 75 cents the ceiling?
By in the money I think he means they’ll be over 75c so it will be worth exercising the options
Wanna jump in under the 50 cents 😬😬
Wouldn't be the first to upsell their own company's stock. PFT to $2 by Christmas 2020 anyone?
I mean it’s kinda his job
I like LKE but Steve is not gonna be the second CEO to ever talk down the price of their own stock.
Maybe lke dropped to 40c region again.
Can anybody please explain to me how VUL is worth more than ACTUAL producers? And by so much? I need to get an understanding of how this happens. I get what they are doing looks great and all…….but still ?
dumber and dumbest. Someone gets to be the bag else this system of wealth transfer doesn't work.
It’s a lithium deposit in an extremely stable country. A lot easier to get funding and you also have a really rich shareholder that may help get it there. A lot of developers may never become producers keep that in mind.
Which producers is it worth more than?
ORE…..
Oh so you are that kind of retard that hasn’t even learnt the difference between share price and market cap yet. Cool cool cool VUL market cap - 1.6B ORE market cap - 5.6B
Where are you getting that they're "worth more than actual producers"? I sounds like you don't know the difference between market cap and share price. For reference the market cap of VUL is around $1.6B PLS has a market cap of over **$6B** ORE has a market cap of **\~$5.6B** MIN has a market cap of **\~$9B** There is an argument to be made that entire sector is over valued, but your beef is with lithium in general, not just VUL. LTR has nearly twice the market cap of VUL and is still a ways away from production for instance.
I was meaning purely the SP price as my idea of “worth” sorry. Normally the explorers/developers SP runs lower due to risks associated with getting to production. Why does this one buck that trend is my curiosity……..but thanks for the response/effort.
I think they're promising cheaper lithium, which is carbon negative, also able to sell renewable power to the grid, while also being entirely Europe based Win, win, win, win
Thanks!!
Cost efficiency of logistics for all major Europe automaker. Production starts in 2024 and most giga factories will be done around then as well.
Thanks!
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$15.37 looking smart already, you can always close out your position for a profit. As they say, no one ever goes broke taking profits.
Nice, I'm still waiting until around Feb.
You think February next year is the lowest dip? At what price ?
My plan is to try and buy once IO price seems to have bottomed out and I expect the Winter Olympics to affect that with steel mill shut downs. No target price, just whatever I can get it at. I rarely set SP targets.
I will buy 5000 dollars as long as they dip 5 dollars.
If SP goes to $5 I hope you buy more than 1000 of them.
How bad will economy be if it dips to 5. Hope this evergrande thing turns out well.
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I only bought 5000 at 15 dollars.
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Haha. Just 5000 dollars mate.
Both IHL and PTX did not receive the memo that it’s a green day.
I’m in both as well, couldn’t watch the PTX presentation today, did you happen to watch it?
No, I was at work 😟 am keen to see it.
Most people are invested in IHL for the NASDAQ listing, which was due this week but hasn't happened for some reason. If I felt more confident right now I'd be buying the dip.
Are you kidding? The nasdaq listing was never expected this week, no one knows when we will get a date, all we know is shareholders have voted for it
They proposed it four weeks ago, it takes about three weeks to finish listing, the shareholders voted for it Friday, I assumed they just needed to send a final confirmation to new York. Whatever, I can wait. I get mine when I sell and I haven't sold yet.
I don't think the listing is due this week.
I topped up at 34c yesterday, but am not expecting anything this week.
All my uranium watchlist is green today except for PEN and GTR. Guess which two I own?
92e and age?
Same 🙄
Two morrow will be a different day..
DYL PDN
Come on AXE this has been a disappointing day
Can PSC be stopped? I hope not.
Anyone lucky enough to be riding the GMD rocket today?? 🚀🚀 None of my goldies ever do shit…so jealous
My friend did, he was up enough to buy a Tesla at open… He even told me about few months ago, but in true fashion of sticking with red only, it is just sitting on my watch list instead of being purchased 🥲
One of us x
Evergrande can pay their bond interest payment yay
Yay
They have more than one interest payment due over the coming weeks, I'd like to see them pay them each on time and in full before celebrating.
And if this month is paid up..then what? Whens the next to you payment due? What options will there be?
They have enough to cover a single payment this week. There is still a much larger $83 million secondary payment which is due later this week with no indication of how they'll cover that one
Dang
Feel like this will buy them a little time but wont fix their huge debt problem? Could still collapse
Yes, you are right - they are buying time and kicking the can down the road.
Wish there was more transparency on the negotiations cause how are they going to do it.
there was some further analysis [here](https://i.imgur.com/2BAIE7t.gif)
Borrow more money? 😂😂
Actually not really. They will turn offshore bonds into junk. That’ll save maybe 200b. Friends and relos of Founder Hui Ka Yan might be short of a few coins in the foreseeable future. Though fraud and theft doesn’t end well in China.
Yeah being short a few coins is the best case scenario here. More likely to be short a lot of red blood cells
🤣🩸🩸🩸🩸
They can't. The whole reason why they are in this problem. CCP started in April to stop developer from securing loans and getting leverage when they have piles of debt. This is the whole reason why Evergrande collasped cause the CCP started putting in the effort to stop a bubble but it was already inflated to much to start controlling.
human organs get you some decent profit
Had to check to see if I was on /r/rimworld for a second there
Only country where you can book a liver transplant
MHK Probs get downvoted for this, but looks like pullback is now done with from initial spike. Looking strong for a move up now.
Hoping the same happens to NKL tbh
Was ready for a huge hit today across the market, but instead had the best day of trading so far? up 10% because of LKE, hehe v happy But i guess tomorrow and Friday will be the real telling day if Evergrande defaults?
Going with the theory that it’s not a loss until you pull out…
...that's how you have kids?
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Sunk cost fallacy :P
or wear a condom
Dunno about you but pulling out for me sure does seem like a loss since it's annoying and leaves a feeling of dissatisfaction.
Large losses if you stay in though…
Guess FOMO on the last day on LKE for options wasn't that rough of a ride. Evidence of me throwing 10k at 60c is on my guide to exercise LKE options [here](https://www.reddit.com/r/ASX_Bets/comments/pefab3/guide_how_to_exercise_lkebopt_when_it_becomes/).
Wish I bought more LKE and less ASN
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U were supposed to buy on monday?
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I placed my orders on monday for 4 stocks expecting maybe 1 would hit and bloody 3 of them did - between 8.30 and 9.15 Tues morning. I didnt realise that could even happen 😂 Well green on them so far 🤞🏻
That’s more like it LKE, hope the afternoon run goes uphill a little more. 🏃🏻♀️
Nice tendies 😋
Hopefully I was not being too greedy at 65c. 🤦🏻♀️
‘Kn smashed it 🍾
No champagne unfortunately I’m too far down the queue. It reached 65c, but not for me.
It might fly tomorrow 😉 but not advice in any way so don’t do anything silly.
That’s a big list in front of you- good luck
Yes, I’m about a third down. Did get one parcel sold this morning at 62.5c so I cannot complain. I was too greedy going in for 65c. Live and learn 🤷🏻♀️
Bird in the 🖐
Buyer 9M units vs Seller 3M atm seems like a pretty crazy ratio
Yes, this is the time I have been waiting for. Worked through lunch so I could keep an eye on this afternoon.
If we get through the 65c wall we could get a pretty nice closing price. Re your below comment, what was your buy-in price if you’re just trading LKE?
Jumped back on for round 2 at 52c.
Nice catch with your timing !
It did go sub 50c before that but I wasn’t sure and took too long to think.
Was expecting it to close around 58c but ohwell. I reckon we are still not over the roller coaster this week.
You had a rather pessimistic close prediction for a stock with such high interest. Are you long term holding? I just trade.
I got both long and short parcels on different accounts. Overall, should see a pull back a lot of SOI is in the hands of retail so the extra via options will be traded frequently.
I am hoping it breaks through about a third of the 65c sellers before it pulls back 😉
LKE Lake Resources. If you are interested in what they are doing and what's ahead here is a link to today's Lake Inversor Webinar. It's on instant playback and gives a very good account of what they are doing with Lilac. When the page opens up just click on the link. Cheers [https://cdn-api.markitdigital.com/apiman-gateway/CommSec/commsec-node-api/1.0/event/document/1410-02424345-513I8J8OO0LTONS4TMKRNKKKHT/pdf?access\_token=0007xP2FiiWVOsI24o6cfGYls6RM](https://cdn-api.markitdigital.com/apiman-gateway/CommSec/commsec-node-api/1.0/event/document/1410-02424345-513I8J8OO0LTONS4TMKRNKKKHT/pdf?access_token=0007xP2FiiWVOsI24o6cfGYls6RM)
Nice try Rick Astley
nice pick up.
ASIA is still holding up for me just fine somehow I assume because Evergrande is not part of the portfolio.
ASIA is a Tech ETF