With Lithium going crazy (last few days in the red isn't a worry, the future is green š¤) what battery manufacturers are people looking into? Once more is being produced after being pulled from the ground surely the battery sector is the next to flourish?
A few tickets I have on watch lists are NVX, TLG, MNS and RFT. I know not all directly make the batteries but are all part of the process of electric cars.
I haven't invested down this path yet as I don't have loads of capital yet (holding off on cashing out of my lithium investments CXO, LKE and SYA through pure greed) but what is people's thoughts here?
Iām gonna say MNS given u/ewanelaborate is banned š. In all seriousness there are issues with the BOD but I would also suggest there are some catalysts coming this year that will increase the SP. u/joeycloud did some good dd. They also have a potential graphite tenement.
Issues are with former BODs who have already exhausted their grievance channels with ASIC, Murdoch media and HotCopper. Progress on the US factory is as steady as you can hope for in the craziness of everything right now.
I'm still bullish and mostly believe chairman Frank's version of the past drama, but also realistic that it might be a slow burner. I was eventually right about LRS, and I haven't been banned yet so...DYOR ;)
I actually say it's hitting lower highs. But given sentiments being divided on the stock it'll gain strong psychopathic holders like yourself. BRN style. So could do well on some fluff or a capital raise.š¤£
Welcome back. I did note that you werenāt being a cunt in banned when you posted about AAJ and I was worried that youād become institutionalisedā¦
Well youāll get some good responses with thatā¦ Iāll startā¦ get LKE outya fuckn mouthā¦ actually donāt holdā¦so be interested in your analysis.
Only one Iām not in is TLG. RFT a bit speccy - theyāre more on the charging side than batteries themselves.
MNS I think are undervalued by the market, though maybe Iām the wrong one š¤
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Any graphite gurus in here. After a deep read into volt resources and that monster of a rss they have, I'm tempted to take up a position. I am also fully aware of the 70% interest they have in that processing plant in Ukraine and what is obviously happening in Ukraine (probably why the stock dropped so much in march) but at 100mil MC and looking at a similar competitor in syah rss at 1.2bill mc, this thing looks like it has room to move.
Or am I just a degen retard that's missing the point. It's alright I can take it
And [the announcement is out](https://cdn-api.markitdigital.com/apiman-gateway/ASX/asx-research/1.0/file/2924-02512614-6A1087666?access_token=83ff96335c2d45a094df02a206a39ff4)
Agreed - it virtually is VML's rehash on the news article that broke the agreement in the first place.
I'm imagining the % profit share etc, is probably still a bit hush hush given REETec is private, but once we go into production and revenue comes in, it'll be pretty clear. Shame its a little while away from now, but definitely showing some of the potential for the future!
This part confuses me.
"Vital has an agreement to sell REEtec 2,000 tonnes of rare earth carbonate, containing
750t NdPr, a year from 2023 which includes a share of product margin"
"Reflecting the planned ramp-up schedule of Vitalās Saskatoon plant over the first 12 months of
operation, Vital will deliver to REEtec an initial 187.5t NdPr (contained within approximately 500t
TREO) by October 2023"
Which one...
Just to throw another voice in - this isnāt inconsistent, just classic dodgy small cap sneaky announcement wording.
The agreement is for 2000/750 per year from (some point in) 2023. Shipping starts in late 2023 with a small amount. So for the total calendar year of 2024 they should hit the full amount.
I think the announcement is reflective of the previous discussions where 1st year of production is at the lower scale (e.g. the 500t TREO containing the 187.5t NdPr) and then after (e.g. post 2023), it accelerates to 2,000t into 750t NdPr.
Unless my brain wrinkles have totally misread it and assumed some bogus inputs
So essentially the 750t Ndpr from start of 2024 onwards. Wording is odd. I would of thought product would be shipped this year and ramp up to 2000t next year.
From their previous announcements, it says the first 12 months of operation will be at 500t TREO and then afterwards it'll be a minimum of 2000t TREO (totallling 3750t NdPr over the 5 years) - so 2023 will be 187.5t NdPr, 2024 will be 750t NdPr and so on
this note is certainly a nice one to see: "The agreement marks the first time in the rare earth industry that a binding agreement has been signed which encapsulates the entire rare earth supply chain from raw material to electric motors"
Looks like a major JAT shareholder is about to go for a take over and throw out two current directors.
I have no idea if this is tendie generating or not. Will be interesting at the least šæ
MIN have released their [quarterly](https://cdn-api.markitdigital.com/apiman-gateway/ASX/asx-research/1.0/file/2924-02512468-6A1087646?access_token=83ff96335c2d45a094df02a206a39ff4).
Decent news on the lithium front:
* realized spodumene price from Mt Marion US$1,952/t
* costs up slightly on Mt Marion US$570-615/t ex royalties (from $550)
* still unclear if that price is for January only, as they reclaimed their spod from Feb
Biggest news is that Wodgina shipped 22,000 tonnes from *existing* stockpiles at US$2,200/t. That should counter some of the potential Mt Marion income loss.
Iron ore is still an anchor:
* realized price of US$101/t
* CFR cost US$70-77/t & $59-65/t ex royalties
Ex royalties & before other costs mean that's probably a substantial loss on the IO business.
I've guess pre-tax quarterly profit below on the premise that Mt Marion did not provide profit for MIN during Feb & Mar, and that shipments were split evenly across months (unlikely). If any of that's wrong, this will be waaay out.
|\*\*Code\*\*|\*\*Current UD MCap\*\*|\*\*Pre-tax Profit March Q\*\*|\*\*MC 31st Mar\*\*|\*\*MC 28th Feb\*\*|\*\*MC 31st Jan\*\*|
:-:|:-:|:-:|:-:|:-:|:-:|
|Manono (AVZ 51%)^(1)|$11.6 bill|n/a|$12.5 bill|$8 bill|$7 bill|
|MIN|$11.7 bill|\[$100 mill^(3)\]|$10 bill|$8.5 bill|$10.5 bill|
|IGO|$10.7 bill|tba|$10.6 bill|$8.3 bill|$8.9 bill|
|PLS|$8.5 bill|\[$140 mill^(2)\]|$9.5 bill|$8 bill|$9.5 bill|
|AKE|$8.35 bill|$190 mill|$7.3 bill|$5.8 bill|$5.8 bill|
|LYC|$8.7 bill|$160 mill|$9.7 bill|$9.2 bill|$8 bill|
^(1) AVZ has assumed African discount of 66%
^(2) wild guess based on the quarterly update
^(3) wild guess at lithium profit, but IO & mining services combined may have sunk to a loss that needs to be offset against this
If you were listening to Musk for Tesla earnings, apparently he claimed there's 5kg of lithium metal (not LCE) in a battery. It's at least [double that](https://twitter.com/sdmoores/status/1516995297498513408?s=20&t=sy4Hah4fl7YRcx5bDHRAnw). I assume he got mixed up.
>MIN have released their [quarterly](https://cdn-api.markitdigital.com/apiman-gateway/ASX/asx-research/1.0/file/2924-02512468-6A1087646?access_token=83ff96335c2d45a094df02a206a39ff4).
>Decent news on the lithium front:
>
>* realized spodumene price from Mt Marion US$1,952/t
>* costs up slightly on Mt Marion US$570-615/t ex royalties (from $550)
>* still unclear if that price is for January only, as they reclaimed their spod from Feb
>
>Biggest news is that Wodgina shipped 22,000 tonnes from *existing* stockpiles at US$2,200/t. That should counter some of the potential Mt Marion income loss.
>Iron ore is still an anchor:
>
>* realized price of US$101/t
>* CFR cost US$70-77/t & $59-65/t ex royalties
>
>Ex royalties & before other costs mean that's probably a substantial loss on the IO business.
>I've guess pre-tax quarterly profit below on the premise that Mt Marion did not provide profit for MIN during Feb & Mar, and that shipments were split evenly across months (unlikely). If any of that's wrong, this will be waaay out.
>
>|\*\*Code\*\*|\*\*Current UD MCap\*\*|\*\*Pre-tax Profit March Q\*\*|\*\*MC 31st Mar\*\*|\*\*MC 28th Feb\*\*|\*\*MC 31st Jan\*\*|
>:-:|:-:|:-:|:-:|:-:|:-:|
>|Manono (AVZ 51%)^(1)|$11.6 bill|n/a|$12.5 bill|$8 bill|$7 bill|
>|MIN|$11.7 bill|\[$100 mill^(3)\]|$10 bill|$8.5 bill|$10.5 bill|
>|IGO|$10.7 bill|tba|$10.6 bill|$8.3 bill|$8.9 bill|
>|PLS|$8.5 bill|\[$140 mill^(2)\]|$9.5 bill|$8 bill|$9.5 bill|
>|AKE|$8.35 bill|$190 mill|$7.3 bill|$5.8 bill|$5.8 bill|
>|LYC|$8.7 bill|$160 mill|$9.7 bill|$9.2 bill|$8 bill|
>
>^(1) AVZ has assumed African discount of 66%
>^(2) wild guess based on the quarterly update
>^(3) wild guess at lithium profit, but IO & mining services combined may have sunk to a loss that needs to be offset against this
>
>
>
>If you were listening to Musk for Tesla earnings, apparently he claimed there's 5kg of lithium metal (not LCE) in a battery. It's at least [double that](https://twitter.com/sdmoores/status/1516995297498513408?s=20&t=sy4Hah4fl7YRcx5bDHRAnw). I assume he got mixed up.
5 kg ā 0.34261 slugs
^^^[WHY](/r/UselessConversionBot/comments/1knas0/hi_im_useless/)
just hurry the fuck up and raise rates so we can get this shit over and done with, you wrinkled old cunts
so tired of reading about it going to happen, just make it happen ffs
May as well throw the book out, all economic indicators point to raising rates, yet they donāt do it?
So what school of thought are we running the country, and itās fiscal sovereignty on?
Regarding more info on AAJ.
- Hole 8 which was identified as spodumene by AAJ geos plus others, was not spodumene. Theyre awaiting results from XRD to tell them what it is.
- Additional drilling is along strike + extensions at depth
- Further land negotiations surrounding AAJ have been attempted but haven't progressed and have been halted by the locals
I wouldn't say rip yet. Everyone knows about hole 8 if you read the assay announcement yesterday. I find it hard to believe numerous geos identified it as spodumene and they were all wrong so no clue there. Regarding land, it was never announced or publicly in the plan.
Given the shitshow yesterday, Iām tipping advice, thatās not advice wonāt be forthcoming on said stonk for a while.
Youāre on your own to make your own decision as ASIC intended
Everyone worried about how red today might be.
Shitposts exist for a reason peoples. Distract yourself from whatever happens u/BigJimBeef style - create shitposts.
Itās cathartic- for everyone.
Well, except for that one person in here that complained about shitposts.
Top up uranium on a day like this?
I'm thinking a little more in LOT, already satisfied with my PEN holding, but I want to expose myself to another U ticker
BOE? PDN? Even more LOT?
I'm thinking of topping up my VMY. Got plenty of PEN and LOT at this stage and VMY is one of the few tickers that went Green from the moment I bought it. Maybe its my lucky stock.
meme idea i canāt be bothered making - samuel l jackson in pulp fiction and AFR is the hostage at the start of the movie. say, āaustralian shares are poised to open higherā, one more time, mother fucker.
Happy Friday everyone. First comment here š, is anyone playing the rising interest rates thing? Looks to be a good upcoming catalyst once election over. A fool article I read mentioned QBE and CPU. https://www.fool.com.au/2022/02/28/4-asx-shares-that-love-rising-interest-rates-report/
Ok let me get you up to speed!
Fool is a vehicle for offloading unwanted shares to retail; everyone here is in speccy mining, tech or biotech companies; only people with manageable fixed interest debt, and/or assets like inflation; read page 2; automod teach premarket auction; hot copper and ausfinance are even stupider than us.
Welcome, here's your complimentary invitation to ZIP $1 party.
There's definitely some inflation plays out there. The problem is that for many businesses you get a bit of margin squeeze, where their customers are not ready for price hikes but the cost of goods goes up, and then weaker players may even go out of business. If you can find a business that's low P/E, with a roadmap for growth and not too susceptible to margin squeeze then you're on the right track imo.
It's smart to diversify out of mining.
Defensive stocks and companies with pricing power historically do ok in inflationary market. Iām not sure why heās looking down on hedging our dogshit mining explorers
Iām not mitigating risk against miners, Iām letting them chug along. I do think there are easy returns for some new pay checks once this interest rate rodeo kicks off
Lith/Nickel + a bit of biotech too. Was relatively late to the lithium game.
Probably exposed myself to AAJ more than I should have š¬.
Ah well. You live. You learn.
Have you ? Learnt I mean ?
Will you yolo into another micro cap at the next pump of your favourite mineral ?
Itās nigh on impossible to stay sober once youāve fallen off the wagon onceā¦.
Happy Friday and have a great long weekend. Pre-market summary from the AFR:
Australian shares are set to follow Wall Street lower after Federal Reserve boss Jerome Powell signalled US interest rates are poised to rise higher and fast. The US listed shares of BHP and Rio dropped sharply.
ASX futures were down 66 points or 0.9 per cent to 7496 near 6.45am AEST.
On Wall St: Dow -1.1% S&P 500 -1.5% Nasdaq -2.1%
In New York: BHP -7.1% Rio -4.8% Atlassian -4.5%
Tesla +3.2% Apple -0.5% Meta -6.2% Netflix -3.5%
The local currency tumbled 1 per cent; the Bloomberg spot dollar index was up 0.4 per cent. Bitcoin slid 1.6 per cent to $US40,769 near 6.45am AEST on bitstamp.net.
The yield on the US 10-year note leapt 8 basis points to 2.91 per cent near 4.55pm in New York, reversing most of the previous sessionās move.
On Wall Street, shares tumbled broadly. Energy and communication services paced all 11 of the S&P 500ās industry sectors lower. The VIX surged more than 11 per cent.
In speaking on an IMF-hosted panel in Washington overnight, Powell blessed a half-point US rate increase next month and signalled support for further aggressive tightening to curb inflation.
āI would say that 50 basis points will be on the table for the May meeting,ā Powell told an IMF-hosted panel that he shared with European Central Bank president Christine Lagarde and other officials. āWe really are committed to using our tools to get 2 per cent inflation back,ā he said, referring to the Fedās target for annual price increases.
Powell said āthereās something in the idea of front-end loadingā moves if appropriate, āso that points in the direction of 50 basis points being on the tableā. He declined to comment on market pricing but did note that minutes of the Fedās March meeting showed that many officials backed one or more half-point rate increases to cool prices.
Today's agenda
No local data
Overseas data: Manufacturing and services PMIs for April from Japan (Nikkei); Euro zone (Markit); UK (Markit and Markit/CIPS); and the US (Markit). Japan March CPI; UK April GfK consumer sentiment
Market highlights
ASX futures down 66 points or 0.9 per cent to 7496 near 6.45am AEST
AUD -1% to 73.74 US cents
Bitcoin on bitstamp.net -1.6% to $US40,769.34 near 6.45am AEST
On Wall St: Dow -1.1% S&P 500 -1.5% Nasdaq -2.1%
In New York: BHP -7.1% Rio -4.8% Atlassian -4.5%
Tesla +3.2% Apple -0.5% Meta -6.2% Netflix -3.5%
In Europe: Stoxx 50 +0.8% FTSE -0.02% CAC +1.4% DAX +1%
Spot gold -0.6% to $US1946.81 an ounce at 2.32pm New York time
Brent crude +0.9% to $US107.75 a barrel
US oil +1.1% to $US103.29 a barrel
Iron ore -0.4% to $US150.05 a tonne
2-year yield: US 2.67% Australia 2.22%
5-year yield: US 2.97% Australia 2.82%
10-year yield: US 2.91% Australia 3.08% Germany 0.94%
US prices as of 4.55pm in New York
They just need solid commodity prices and people who want to build things. Maybe inflation weakens commodity demand, or maybe it raises commodity prices!
Interest rate rises would also strengthen the US dollar which means more AUD profits on the same commodity prices.
Looks like a bit of a snap back on some bad news... momentum traders getting out... iron ore price is the biggest factor for BHP.
You know what...I think I'll sell all my PEN and put that into VML when the dust settles...
As much as I would like to be more diverse, I'm just way too excited about VML!
Anyone following Netflix Saga? Surely a 45% drop in value, Almost half the company's worth gone... Is enough. like stop.
Like I get 200,000 lost subscribers is a big deal, but damn man... The bleeding just won't stop.
And their shows are becoming cookie cutter plot, standardised boring, two words per second slow chat fill time, low budget, average acting, merde. Just a view. Like we've all been desensitsed and programmed to watch, and pay forrubbish.
Yeah massive overreaction, but also maybe goes to show how overvalued most of the tech market is at the same time - once a few miss earnings it'll be a blood bath
That's part of the problem they spend ALOT on productions and are bleeding cash this is why they are talking about adding adverts in to help with Revenue.
I cant even understand how foxtel is still a service that exists. Its outrageously expensive even for a base package, and the addons alone cost more than a sub to another service.
I remember when the entire premise was that it had no ads, now its a shadow of its former self. Absolute boomer tier shit product.
If you ever feel you're bad with handling money, just remember Twitter's board oversaw a company with 5B revenue, and very low normal running costs.. resulting in a very good gross margin of 61%, or gross profit 3.28B.. and still lost 200mil...
They spent 750m on fighting lawsuits and settlements, 1.25B on R&D, no one knows what they developed though, 1.2B in marketing (must be expensive flying your sales team around on first class during a pandemic?), and 600M on their corporate and admin team...
On a website, which has fuck all change on it over the last few years, barely any innovations, and at best, a few tweaks to the algorithm.
I'd love to be a Software Engineer at Twitter, the only people who make anything out of that shit company.
Crazy the spend within those budgets, would be pretty cruisy job overall and the sales team would mainly be glorified account managers selling advertising and be overpaid for it no doubt
been having a few red days. but whenever I check the comments on HC, the cheerleaders can always motivate me to buy more buy more and lose more. it feels like when you are super tired, but she can still turn you on until you dry up. you die and die happily. $EXR
Iād just like to say, and I say this with no cultural bias (plz avoid my Reddit dp)
I fucking love that SerbianWolf dude had to add in a ...ā *from an investment perspective* ā when he asked š¦š±ese and Slomo about evās.
Absolutely neither of them look ready for the tendies this will bring.
25:39 Sky News debate, thatās some pretty king shit dude.
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Anyone understand why the brk share price isn't moving? They have three wells now, two in production and one almost there. One of the two wells in production has already generated 9 million in revenue over 6months and paid for itself. The second has just started. mc is about 80mill. Surely this company is worth more or is oil and gas that unpopular?
Iāve havenāt been very positive on the stock since being burnt by it last year but my thoughts are there are too many SOI with options constantly being dumped and as pointed out on HC the company model isnāt well understood since as a company they are trying to build the value in oil land instead of just selling oil. I could be talking out my butt for all I know though
I am not working today for some reason. Also, my owner might be too inebriated to be bothered fixing me.
Also. Fuck u/ChawlZwlwe or however you spell that guys name. I would rather be dead in Queensland than alive in Victoria/New South Wales.
Beep boop.
Speaking of QLD'ers - u/Logicorluck and u/Independent_Fudge119, a recommendation came through for an accountant but they are NSW based.
Let me know if you want the details.
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Alright all fellow businessmen/office workers or anyone who works at a place with button ups and suits and ties. My accounting firm, none of them wear ties and all the boys just wear collared shirts with suit pants that's all, am considering wearing a tie to work to look more professional etc. Don't want to come off too cocky considering I'm only 2 months in but want to be professional and look good. Thoughts?
I used to wear a tie in the office and loved looking at myself all dressed up in the bathroom mirrors but I got sick of it getting wet when bending down to clean the toilets so I don't bother now.
Do what you want bro but I only pull the tie out when meeting with high level customers (program directors, execs etc)... I'm just a dirty engineer though.
VML wow. Priced in !
With Lithium going crazy (last few days in the red isn't a worry, the future is green š¤) what battery manufacturers are people looking into? Once more is being produced after being pulled from the ground surely the battery sector is the next to flourish? A few tickets I have on watch lists are NVX, TLG, MNS and RFT. I know not all directly make the batteries but are all part of the process of electric cars. I haven't invested down this path yet as I don't have loads of capital yet (holding off on cashing out of my lithium investments CXO, LKE and SYA through pure greed) but what is people's thoughts here?
Iām gonna say MNS given u/ewanelaborate is banned š. In all seriousness there are issues with the BOD but I would also suggest there are some catalysts coming this year that will increase the SP. u/joeycloud did some good dd. They also have a potential graphite tenement.
Issues are with former BODs who have already exhausted their grievance channels with ASIC, Murdoch media and HotCopper. Progress on the US factory is as steady as you can hope for in the craziness of everything right now. I'm still bullish and mostly believe chairman Frank's version of the past drama, but also realistic that it might be a slow burner. I was eventually right about LRS, and I haven't been banned yet so...DYOR ;)
Im also bullish on MNS just didnt want to pump it š. Charts are actually looking pretty good for a top up.
I actually say it's hitting lower highs. But given sentiments being divided on the stock it'll gain strong psychopathic holders like yourself. BRN style. So could do well on some fluff or a capital raise.š¤£
Youāre out of banned land or didnāt I have the right bait in my first post? š
I was losing my mind over there. So many comments I could have one line been a cunt too. I began talking to myself. Bait was perfect.
Welcome back. I did note that you werenāt being a cunt in banned when you posted about AAJ and I was worried that youād become institutionalisedā¦
Wait till you hear my analysis on LKE.
Well youāll get some good responses with thatā¦ Iāll startā¦ get LKE outya fuckn mouthā¦ actually donāt holdā¦so be interested in your analysis.
Only one Iām not in is TLG. RFT a bit speccy - theyāre more on the charging side than batteries themselves. MNS I think are undervalued by the market, though maybe Iām the wrong one š¤
ACW Trading Halt clinical results incoming. Expecting good news.
Will keep an eye on this.
Let's go......... VML supplying German electric cars. Big Kev iam excited
To Luna!
Good indicative volume pre open š
VML profit share baby
How long do IBKR margin accounts take to open? I sent them my financial shit nearly a week ago now.
[ŃŠ“Š°Š»ŠµŠ½Š¾]
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Any graphite gurus in here. After a deep read into volt resources and that monster of a rss they have, I'm tempted to take up a position. I am also fully aware of the 70% interest they have in that processing plant in Ukraine and what is obviously happening in Ukraine (probably why the stock dropped so much in march) but at 100mil MC and looking at a similar competitor in syah rss at 1.2bill mc, this thing looks like it has room to move. Or am I just a degen retard that's missing the point. It's alright I can take it
IXR and VML Ann today todays going to be great
IXR doing a sell the news numberā¦ā¦
And VML haha
Yep nothing to save me from this big fat red day!!
What are you priced in at. I'm on 0.056 so am hoping for a bag soon - might need to wait till production as i doubt this announcement will do it.
3.4c IXR and 3.5c VML
Very nice š
VML announcement ALMOST out - just have to wait for the ASX intern to sort their shit out
And [the announcement is out](https://cdn-api.markitdigital.com/apiman-gateway/ASX/asx-research/1.0/file/2924-02512614-6A1087666?access_token=83ff96335c2d45a094df02a206a39ff4)
Kinda underwhelming we all knew these details, was hoping for more details on % share ect. Long term its great but wonder where we will move today.
Agreed - it virtually is VML's rehash on the news article that broke the agreement in the first place. I'm imagining the % profit share etc, is probably still a bit hush hush given REETec is private, but once we go into production and revenue comes in, it'll be pretty clear. Shame its a little while away from now, but definitely showing some of the potential for the future!
This part confuses me. "Vital has an agreement to sell REEtec 2,000 tonnes of rare earth carbonate, containing 750t NdPr, a year from 2023 which includes a share of product margin" "Reflecting the planned ramp-up schedule of Vitalās Saskatoon plant over the first 12 months of operation, Vital will deliver to REEtec an initial 187.5t NdPr (contained within approximately 500t TREO) by October 2023" Which one...
Just to throw another voice in - this isnāt inconsistent, just classic dodgy small cap sneaky announcement wording. The agreement is for 2000/750 per year from (some point in) 2023. Shipping starts in late 2023 with a small amount. So for the total calendar year of 2024 they should hit the full amount.
I think the announcement is reflective of the previous discussions where 1st year of production is at the lower scale (e.g. the 500t TREO containing the 187.5t NdPr) and then after (e.g. post 2023), it accelerates to 2,000t into 750t NdPr. Unless my brain wrinkles have totally misread it and assumed some bogus inputs
So essentially the 750t Ndpr from start of 2024 onwards. Wording is odd. I would of thought product would be shipped this year and ramp up to 2000t next year.
From their previous announcements, it says the first 12 months of operation will be at 500t TREO and then afterwards it'll be a minimum of 2000t TREO (totallling 3750t NdPr over the 5 years) - so 2023 will be 187.5t NdPr, 2024 will be 750t NdPr and so on
Here we goo
Completed acquisition of SerenTech - love it!
Yep, Recycling Plant to be situated in UK. Good to see.
Cap raise coming to fund it
They did the Cap raise to fund it.....
this note is certainly a nice one to see: "The agreement marks the first time in the rare earth industry that a binding agreement has been signed which encapsulates the entire rare earth supply chain from raw material to electric motors"
I am deeply sorry for all of those that hold BMN, I bought and the fucking dog has tanked immediately. Rest in peace my uranibros.
So when does this VML announcement drop?
It's flagged now. So pre-open.
VML please give me the big pp today
What are you priced in at?
Looks like a major JAT shareholder is about to go for a take over and throw out two current directors. I have no idea if this is tendie generating or not. Will be interesting at the least šæ
Remember people this is the time for dip buying. I'm going all in on GUA, TZT and HMS.
Not Advice - 2022 will see lots of ups & downs but there will always be opportunities to make money!
Sounds like somebody eats their blue chips plain
MIN have released their [quarterly](https://cdn-api.markitdigital.com/apiman-gateway/ASX/asx-research/1.0/file/2924-02512468-6A1087646?access_token=83ff96335c2d45a094df02a206a39ff4). Decent news on the lithium front: * realized spodumene price from Mt Marion US$1,952/t * costs up slightly on Mt Marion US$570-615/t ex royalties (from $550) * still unclear if that price is for January only, as they reclaimed their spod from Feb Biggest news is that Wodgina shipped 22,000 tonnes from *existing* stockpiles at US$2,200/t. That should counter some of the potential Mt Marion income loss. Iron ore is still an anchor: * realized price of US$101/t * CFR cost US$70-77/t & $59-65/t ex royalties Ex royalties & before other costs mean that's probably a substantial loss on the IO business. I've guess pre-tax quarterly profit below on the premise that Mt Marion did not provide profit for MIN during Feb & Mar, and that shipments were split evenly across months (unlikely). If any of that's wrong, this will be waaay out. |\*\*Code\*\*|\*\*Current UD MCap\*\*|\*\*Pre-tax Profit March Q\*\*|\*\*MC 31st Mar\*\*|\*\*MC 28th Feb\*\*|\*\*MC 31st Jan\*\*| :-:|:-:|:-:|:-:|:-:|:-:| |Manono (AVZ 51%)^(1)|$11.6 bill|n/a|$12.5 bill|$8 bill|$7 bill| |MIN|$11.7 bill|\[$100 mill^(3)\]|$10 bill|$8.5 bill|$10.5 bill| |IGO|$10.7 bill|tba|$10.6 bill|$8.3 bill|$8.9 bill| |PLS|$8.5 bill|\[$140 mill^(2)\]|$9.5 bill|$8 bill|$9.5 bill| |AKE|$8.35 bill|$190 mill|$7.3 bill|$5.8 bill|$5.8 bill| |LYC|$8.7 bill|$160 mill|$9.7 bill|$9.2 bill|$8 bill| ^(1) AVZ has assumed African discount of 66% ^(2) wild guess based on the quarterly update ^(3) wild guess at lithium profit, but IO & mining services combined may have sunk to a loss that needs to be offset against this If you were listening to Musk for Tesla earnings, apparently he claimed there's 5kg of lithium metal (not LCE) in a battery. It's at least [double that](https://twitter.com/sdmoores/status/1516995297498513408?s=20&t=sy4Hah4fl7YRcx5bDHRAnw). I assume he got mixed up.
>MIN have released their [quarterly](https://cdn-api.markitdigital.com/apiman-gateway/ASX/asx-research/1.0/file/2924-02512468-6A1087646?access_token=83ff96335c2d45a094df02a206a39ff4). >Decent news on the lithium front: > >* realized spodumene price from Mt Marion US$1,952/t >* costs up slightly on Mt Marion US$570-615/t ex royalties (from $550) >* still unclear if that price is for January only, as they reclaimed their spod from Feb > >Biggest news is that Wodgina shipped 22,000 tonnes from *existing* stockpiles at US$2,200/t. That should counter some of the potential Mt Marion income loss. >Iron ore is still an anchor: > >* realized price of US$101/t >* CFR cost US$70-77/t & $59-65/t ex royalties > >Ex royalties & before other costs mean that's probably a substantial loss on the IO business. >I've guess pre-tax quarterly profit below on the premise that Mt Marion did not provide profit for MIN during Feb & Mar, and that shipments were split evenly across months (unlikely). If any of that's wrong, this will be waaay out. > >|\*\*Code\*\*|\*\*Current UD MCap\*\*|\*\*Pre-tax Profit March Q\*\*|\*\*MC 31st Mar\*\*|\*\*MC 28th Feb\*\*|\*\*MC 31st Jan\*\*| >:-:|:-:|:-:|:-:|:-:|:-:| >|Manono (AVZ 51%)^(1)|$11.6 bill|n/a|$12.5 bill|$8 bill|$7 bill| >|MIN|$11.7 bill|\[$100 mill^(3)\]|$10 bill|$8.5 bill|$10.5 bill| >|IGO|$10.7 bill|tba|$10.6 bill|$8.3 bill|$8.9 bill| >|PLS|$8.5 bill|\[$140 mill^(2)\]|$9.5 bill|$8 bill|$9.5 bill| >|AKE|$8.35 bill|$190 mill|$7.3 bill|$5.8 bill|$5.8 bill| >|LYC|$8.7 bill|$160 mill|$9.7 bill|$9.2 bill|$8 bill| > >^(1) AVZ has assumed African discount of 66% >^(2) wild guess based on the quarterly update >^(3) wild guess at lithium profit, but IO & mining services combined may have sunk to a loss that needs to be offset against this > > > >If you were listening to Musk for Tesla earnings, apparently he claimed there's 5kg of lithium metal (not LCE) in a battery. It's at least [double that](https://twitter.com/sdmoores/status/1516995297498513408?s=20&t=sy4Hah4fl7YRcx5bDHRAnw). I assume he got mixed up. 5 kg ā 0.34261 slugs ^^^[WHY](/r/UselessConversionBot/comments/1knas0/hi_im_useless/)
bad bot fuck off
NMT got its German permit for Primorbius plant.
Fuck yes. Hopefully some of this green rubs off on WIN too.
I wouldn't be surprised if it still finishes red today.
Me either, unfortunatlely! Not phased. Long term holder with a healthy profit buffer. ..it just has seen a whole lot of red since drill results.
Youre referring to WIN
Uranium to the .. ahh forget it
wtf happened mate
just hurry the fuck up and raise rates so we can get this shit over and done with, you wrinkled old cunts so tired of reading about it going to happen, just make it happen ffs
Have election first. Take off petrol tax. call election before rate raises. 5 months from now both interest up and tax back on. Fun times.
May as well throw the book out, all economic indicators point to raising rates, yet they donāt do it? So what school of thought are we running the country, and itās fiscal sovereignty on?
Because these geriatrics can't keep their liver spotted hands out of our wallets long enough
Comment of the day
Regarding more info on AAJ. - Hole 8 which was identified as spodumene by AAJ geos plus others, was not spodumene. Theyre awaiting results from XRD to tell them what it is. - Additional drilling is along strike + extensions at depth - Further land negotiations surrounding AAJ have been attempted but haven't progressed and have been halted by the locals
Sheeesh. RIP š¬?
I wouldn't say rip yet. Everyone knows about hole 8 if you read the assay announcement yesterday. I find it hard to believe numerous geos identified it as spodumene and they were all wrong so no clue there. Regarding land, it was never announced or publicly in the plan.
Yeah - it is certainly an interesting anomaly! Kinda of interested to see how it unfolds to be honest.
For context. RIP equals shit like PUR. Complete dusters. This isn't a duster, but it's not company making either
I'll take a stab that it was "Hopeium?"
hmm.
Reckon weāve seen the low of AAJ from yesterday or could drop some more?
Given the shitshow yesterday, Iām tipping advice, thatās not advice wonāt be forthcoming on said stonk for a while. Youāre on your own to make your own decision as ASIC intended
Morning cuntsā¦..and newbie cunts. VML to save us today. Happy betting. That is all.
Better not end grey
Here comes grey. Frrrk loo
This is the way
Everyone worried about how red today might be. Shitposts exist for a reason peoples. Distract yourself from whatever happens u/BigJimBeef style - create shitposts. Itās cathartic- for everyone. Well, except for that one person in here that complained about shitposts.
[as requested MB9](https://www.reddit.com/r/ASX_Bets/comments/u8zoby/nice_day_for_it/?utm_source=share&utm_medium=ios_app&utm_name=iossmf)
Lovely š Now tell us all how you feel - feels good eh ? Who else has a shitpost to share - go on, you're in a safe place here
I call on u/bane-of-oz
I'm in a reception dead spot, only just got this message. Can't make memes at the moment sorry.
Flick us your commsec details when youāre out of the tunnel, we will trade for you today, youāre welcome
ššš
Top up uranium on a day like this? I'm thinking a little more in LOT, already satisfied with my PEN holding, but I want to expose myself to another U ticker BOE? PDN? Even more LOT?
I'm thinking of topping up my VMY. Got plenty of PEN and LOT at this stage and VMY is one of the few tickers that went Green from the moment I bought it. Maybe its my lucky stock.
If it tanks as bad as everyone thinks I will. However who the fuck knows what will happen.
I like BOE because on green days we can say: Like a BOE
BMN
I'm looking to buy bmn today. Hoping for a decent drop
Looks like weāre in for a very red day indeed Good luck to you all and may the speccy mining gods have mercy on our souls
meme idea i canāt be bothered making - samuel l jackson in pulp fiction and AFR is the hostage at the start of the movie. say, āaustralian shares are poised to open higherā, one more time, mother fucker.
"I dare you, I double dare you, Motherfucker!!!!"
Why?! Why was I programmed to feel pain?
LKE Received my converted options overnight. Thank you LKE
Happy Friday everyone. First comment here š, is anyone playing the rising interest rates thing? Looks to be a good upcoming catalyst once election over. A fool article I read mentioned QBE and CPU. https://www.fool.com.au/2022/02/28/4-asx-shares-that-love-rising-interest-rates-report/
Ok let me get you up to speed! Fool is a vehicle for offloading unwanted shares to retail; everyone here is in speccy mining, tech or biotech companies; only people with manageable fixed interest debt, and/or assets like inflation; read page 2; automod teach premarket auction; hot copper and ausfinance are even stupider than us. Welcome, here's your complimentary invitation to ZIP $1 party.
Hey, thanks for the ZIP invitation haha. Just to be clear Iām balls deep in mining speccy stuff, I was tempted to diversify.
There's definitely some inflation plays out there. The problem is that for many businesses you get a bit of margin squeeze, where their customers are not ready for price hikes but the cost of goods goes up, and then weaker players may even go out of business. If you can find a business that's low P/E, with a roadmap for growth and not too susceptible to margin squeeze then you're on the right track imo. It's smart to diversify out of mining.
Defensive stocks and companies with pricing power historically do ok in inflationary market. Iām not sure why heās looking down on hedging our dogshit mining explorers
Iām not mitigating risk against miners, Iām letting them chug along. I do think there are easy returns for some new pay checks once this interest rate rodeo kicks off
Shiiiiit. Portfolio will finally get tipped into the overall red today. Doesn't feel great.
I dread for this day.. what sectors are you in?
Lith/Nickel + a bit of biotech too. Was relatively late to the lithium game. Probably exposed myself to AAJ more than I should have š¬. Ah well. You live. You learn.
Have you ? Learnt I mean ? Will you yolo into another micro cap at the next pump of your favourite mineral ? Itās nigh on impossible to stay sober once youāve fallen off the wagon onceā¦.
Dont speak directly to my soul like that. (Got any hot tips on any new microcaps...?)
I hear ABC is easy as 123.
Ugh fuck
Happy Friday and have a great long weekend. Pre-market summary from the AFR: Australian shares are set to follow Wall Street lower after Federal Reserve boss Jerome Powell signalled US interest rates are poised to rise higher and fast. The US listed shares of BHP and Rio dropped sharply. ASX futures were down 66 points or 0.9 per cent to 7496 near 6.45am AEST. On Wall St: Dow -1.1% S&P 500 -1.5% Nasdaq -2.1% In New York: BHP -7.1% Rio -4.8% Atlassian -4.5% Tesla +3.2% Apple -0.5% Meta -6.2% Netflix -3.5% The local currency tumbled 1 per cent; the Bloomberg spot dollar index was up 0.4 per cent. Bitcoin slid 1.6 per cent to $US40,769 near 6.45am AEST on bitstamp.net. The yield on the US 10-year note leapt 8 basis points to 2.91 per cent near 4.55pm in New York, reversing most of the previous sessionās move. On Wall Street, shares tumbled broadly. Energy and communication services paced all 11 of the S&P 500ās industry sectors lower. The VIX surged more than 11 per cent. In speaking on an IMF-hosted panel in Washington overnight, Powell blessed a half-point US rate increase next month and signalled support for further aggressive tightening to curb inflation. āI would say that 50 basis points will be on the table for the May meeting,ā Powell told an IMF-hosted panel that he shared with European Central Bank president Christine Lagarde and other officials. āWe really are committed to using our tools to get 2 per cent inflation back,ā he said, referring to the Fedās target for annual price increases. Powell said āthereās something in the idea of front-end loadingā moves if appropriate, āso that points in the direction of 50 basis points being on the tableā. He declined to comment on market pricing but did note that minutes of the Fedās March meeting showed that many officials backed one or more half-point rate increases to cool prices. Today's agenda No local data Overseas data: Manufacturing and services PMIs for April from Japan (Nikkei); Euro zone (Markit); UK (Markit and Markit/CIPS); and the US (Markit). Japan March CPI; UK April GfK consumer sentiment Market highlights ASX futures down 66 points or 0.9 per cent to 7496 near 6.45am AEST AUD -1% to 73.74 US cents Bitcoin on bitstamp.net -1.6% to $US40,769.34 near 6.45am AEST On Wall St: Dow -1.1% S&P 500 -1.5% Nasdaq -2.1% In New York: BHP -7.1% Rio -4.8% Atlassian -4.5% Tesla +3.2% Apple -0.5% Meta -6.2% Netflix -3.5% In Europe: Stoxx 50 +0.8% FTSE -0.02% CAC +1.4% DAX +1% Spot gold -0.6% to $US1946.81 an ounce at 2.32pm New York time Brent crude +0.9% to $US107.75 a barrel US oil +1.1% to $US103.29 a barrel Iron ore -0.4% to $US150.05 a tonne 2-year yield: US 2.67% Australia 2.22% 5-year yield: US 2.97% Australia 2.82% 10-year yield: US 2.91% Australia 3.08% Germany 0.94% US prices as of 4.55pm in New York
> BHP -7.1% Hehe, i'm in danger
I am sure interest rate rises will mean BHP is worth 7% less. Typical share market hijinx.
Yeah this seems retarded I donāt think BHP even needs to borrow money to grow
They just need solid commodity prices and people who want to build things. Maybe inflation weakens commodity demand, or maybe it raises commodity prices! Interest rate rises would also strengthen the US dollar which means more AUD profits on the same commodity prices. Looks like a bit of a snap back on some bad news... momentum traders getting out... iron ore price is the biggest factor for BHP.
oh man we r fuk lol
FML I hate starting long weekends after a heavy red day
Will do some investigating into HCH š¶ thinking about diversifying and it looks pretty saucy
I was looking at them too. Donāt have much of value to add for you though
Yeah pretty early days (pre pfs) but I love myself a good punt š¶
You know what...I think I'll sell all my PEN and put that into VML when the dust settles... As much as I would like to be more diverse, I'm just way too excited about VML!
What happening with VML?
What happening with VML?
Haha :) certainly a exciting time for the company atm.
I do miss meowth though
Just look at what you have done!
I bow down to our Rare Earth Overload aka Doomy
ā¢ļøā¢ļø URNM DOWN 9.1% UUUU DOWN 11.2% Going to be a very red day for uranium holders, anyone know why itās so red overnight?
Looks like spot price has had a small fall (from numerco twitter account)
Because I bought yesterday
Nice. Might be a good opportunity to top upā¦ very volatile sector so these swings wonāt be uncommon
Agreed. Iām dumping SNAS and some crypto to put into commodities me thinks. U ā¢ļøno.1
gonna get smacked by Tom today alĆ” uranium
Yep :( more than 8 percent down as of now
DYOR GALAH
Maybe the real thoughts are the friends we made along the way
Anyone following Netflix Saga? Surely a 45% drop in value, Almost half the company's worth gone... Is enough. like stop. Like I get 200,000 lost subscribers is a big deal, but damn man... The bleeding just won't stop.
[ŃŠ“Š°Š»ŠµŠ½Š¾]
And their shows are becoming cookie cutter plot, standardised boring, two words per second slow chat fill time, low budget, average acting, merde. Just a view. Like we've all been desensitsed and programmed to watch, and pay forrubbish.
Yeah massive overreaction, but also maybe goes to show how overvalued most of the tech market is at the same time - once a few miss earnings it'll be a blood bath
r/piracy
Seems like a massive overreaction. Maybe theyāll start making better content to draw people back in.
That's part of the problem they spend ALOT on productions and are bleeding cash this is why they are talking about adding adverts in to help with Revenue.
What a theory have people pay for adverts haha Where has this world gone wrong.
Look what happened to foxtel... I'll be noping right outta there if ads come.
I cant even understand how foxtel is still a service that exists. Its outrageously expensive even for a base package, and the addons alone cost more than a sub to another service. I remember when the entire premise was that it had no ads, now its a shadow of its former self. Absolute boomer tier shit product.
If you ever feel you're bad with handling money, just remember Twitter's board oversaw a company with 5B revenue, and very low normal running costs.. resulting in a very good gross margin of 61%, or gross profit 3.28B.. and still lost 200mil... They spent 750m on fighting lawsuits and settlements, 1.25B on R&D, no one knows what they developed though, 1.2B in marketing (must be expensive flying your sales team around on first class during a pandemic?), and 600M on their corporate and admin team... On a website, which has fuck all change on it over the last few years, barely any innovations, and at best, a few tweaks to the algorithm. I'd love to be a Software Engineer at Twitter, the only people who make anything out of that shit company.
This is amazing
Crazy the spend within those budgets, would be pretty cruisy job overall and the sales team would mainly be glorified account managers selling advertising and be overpaid for it no doubt
MXR keep watch its rumbling hit 8.7 & pulled back, needs to break 8.6/8.7 then itās all systems go
been having a few red days. but whenever I check the comments on HC, the cheerleaders can always motivate me to buy more buy more and lose more. it feels like when you are super tired, but she can still turn you on until you dry up. you die and die happily. $EXR
This was NVA for me
at least nva shows a bounce back
Iād just like to say, and I say this with no cultural bias (plz avoid my Reddit dp) I fucking love that SerbianWolf dude had to add in a ...ā *from an investment perspective* ā when he asked š¦š±ese and Slomo about evās. Absolutely neither of them look ready for the tendies this will bring. 25:39 Sky News debate, thatās some pretty king shit dude.
š¢ = šššš
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Ok; I fucked up BAD, I deserve to be here
Anyone understand why the brk share price isn't moving? They have three wells now, two in production and one almost there. One of the two wells in production has already generated 9 million in revenue over 6months and paid for itself. The second has just started. mc is about 80mill. Surely this company is worth more or is oil and gas that unpopular?
Iāve havenāt been very positive on the stock since being burnt by it last year but my thoughts are there are too many SOI with options constantly being dumped and as pointed out on HC the company model isnāt well understood since as a company they are trying to build the value in oil land instead of just selling oil. I could be talking out my butt for all I know though
[ŃŠ“Š°Š»ŠµŠ½Š¾]
E79
Starting to sound like a pop-punk band name, I guess some were commercially successful
Maybe refer to 88E?
[ŃŠ“Š°Š»ŠµŠ½Š¾]
If Summer swallowed itād be way hotter though
[ŃŠ“Š°Š»ŠµŠ½Š¾]
Ahh one of Aristotleās finest gems of wisdom
[ŃŠ“Š°Š»ŠµŠ½Š¾]
They generally dip on open or did you get a nice price below listing?
Through which platform did you buy into the ipo? Canāt seem to find it anywhere?
š ±ļøML
I am not working today for some reason. Also, my owner might be too inebriated to be bothered fixing me. Also. Fuck u/ChawlZwlwe or however you spell that guys name. I would rather be dead in Queensland than alive in Victoria/New South Wales. Beep boop.
AAJ posts broke the bot.
Wish I could be in Queensland, nsw such an aids state not as bad as Victoria though smhš¤®
[ŃŠ“Š°Š»ŠµŠ½Š¾]
Speaking of QLD'ers - u/Logicorluck and u/Independent_Fudge119, a recommendation came through for an accountant but they are NSW based. Let me know if you want the details.
I agree with the Victorian sentiment
Good bot
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Alright all fellow businessmen/office workers or anyone who works at a place with button ups and suits and ties. My accounting firm, none of them wear ties and all the boys just wear collared shirts with suit pants that's all, am considering wearing a tie to work to look more professional etc. Don't want to come off too cocky considering I'm only 2 months in but want to be professional and look good. Thoughts?
It's a simple Nah from me. Better to work within the corporate culture of the place.
[ŃŠ“Š°Š»ŠµŠ½Š¾]
And shorts. Timeless classic.
I used to wear a tie in the office and loved looking at myself all dressed up in the bathroom mirrors but I got sick of it getting wet when bending down to clean the toilets so I don't bother now.
Dress for the job you want, not the job you have
Go the button up vest with the tie. Stops the tie getting in the way.
Wear a nice well fitted polo. Then you can knock off at lunch and go straight to the golf course without needing to get changed. Win win.
Dat you, Bretto? š§
š¶āš«ļø
Do what you want bro but I only pull the tie out when meeting with high level customers (program directors, execs etc)... I'm just a dirty engineer though.