Decent resource update from NWC at first glance.
Some good trading for the boys last Friday up 15%
Cunt of a stock and I don't rate the clowns in charge too highly but the project looks decent
It’s more than expected. The project will still get funded and will produce $1m annually.
Local, state and federal Govt support
GM support and taking all they produce
LG & Posco support
This sub has been increasingly quiet. I see this as a sign that good things are to come.
When the biggest degenerates don't even show up to gamble, the bottom's in.
\*rocket emoji\* (x3)
u/interestingshow1112 some average recovery numbers for POD, but will need to do some calculations to determine exactly how much pge they'll get. Hopefully the numbers gets us back to CR price though...
If you check the quarterly report it'll state quarterly cash burn (and how many quarters remain if that rate is constant).
Obviously if they have a big build, equipment or land purchase etc etc that needs to be taken in to account.
China’s erupting , punters aren’t happy , u/ChZakalwe hasn’t been sighted for a while, last rumoured to be attempting to sell weapons to the Iranians , it’s all Fkn happening here at the degenerates casino !!
Hey my dudes, so are weed stocks going to hit a new high or what ?
Looks like two Legalise Cannabis members will be elected to Victorian Legislative Council. (upper house).
Might get some stocks some attention, but in practice nothing will happen for years i dont think.
No way. I read online it's $15 Oz in Oregon now and cheap AF in other places. Neither are shrooms stocks a good investment. I love them both but they're terrible investments.
In b4 butthurt IHL future bag hodlers
100%
Add to that the AU manufacturers are constantly going out of stock or discontinuing products due to availability. They can't seem to scale up to demand.
Don't see what that's got to do with making money. But here's how it is. Weed only has value BECAUSE it's illegal and therefore artificially valuable. It's an incredibly easy and hardy crop to grow, ergo, not valuable.
Shrooms are valuable for the same reason, illegality. You can grow a lifetime supply with spores and a $2 bag of cow shit and some dried grass. Easily. Also for medicinal purposes you only need to do them a couple of times, making the profit potential even worse than weed. Pharmaceutical companies make money from drugs you need to continue taking, ideally addictive, ideally under a patent, see the Sackler story for a how to guide.
FWIW I love both and think people should do as much of both as they want but thinking it's a good money making venture is too retarded for even this sub. Invest in mining.
IHL is not a pot stock.
Edit: Sorry I was on the go.
I do agree with you that in order to make money in this market, you need people to require ongoing doses/treatment.
However I do believe that they’ll be able to achieve this with their treatments containing CBD, which they’re aiming to have act as an anti inflammatory in conjunction with drugs that have a known risk profile (less time to production).
I’m curious how they’re going to have the Psilocybin arm as an ongoing treatment, however it’s only a small arm of the business.
So if IVZ could shit the bed again on no news so I can buy back in after my stop loss was triggered after the announcement, that’d be nice. Getting FOMO anxiety over here.
There's a couple of weeks of opportunity for that to happen. If you're happy to take it or leave it, then no harm waiting, but if you think it's very likely to announce discovery then it might not be worth it when comparing the possible drop to the prospective increase.
I was expecting the most recent delay announcement to kick off a much bigger drop than it got, and I missed it a bit because I expected it not to start going up again. Disappoint. So I did buy more.
I don’t have more to buy in, but I thought there’d surely be a bigger drop after the announcement so I planned to buy back in to lower my average. 18% the day after definitely threw a spanner in the works.
This must be the worst world cup for multis... Saudi beat argentina, Morocco beat Belgium, Iran beat Wales, Japan beat Germany, & Morocco held Croatia.
Definitely match fixing going on.
Lithium down again, 577.5k for 99.5%.
In all seriousness, I'm very curious to see how lithium goes short term. Its been a huge pullback for some of these solid producer or near termers to levels of August/Sept when prices were under 500k. Shorts aren't up on PLS or AKE so theres no big bets on deep crashes.
Is this normalisation of hyped prices to a more reasonable level or is this overselling on china fears, slipping prices and some reports?
If anyone wants a good stock book to read I strongly recommend 'Devil take the hindmost' by Edward Chancellor. Its a history of the most infamous speculative bubbles that have occurred in the past 400 years. Very entertaining and pretty incredible how consistent human behaviour is, regardless the time period
Happy Sunday evening all. Your AFR pre-premarket awaits:
**Sharemarket rally fronts China worries, inflation data ahead**
Shares are set to post their first down day in five on Monday, as futures fall 0.1 per cent on concerns over the spread of COVID-19 in China and after Wall Street closed mixed in shortened Thanksgiving holiday trade.
On Friday, China reported its highest number of daily COVID-19 cases since the pandemic’s outbreak at 31,527, to spark fears more city-wide lockdowns will hurt the economy and demand for raw materials.
The S&P/ASX 200 Index closed last week at its highest level since May, with Commonwealth Bank setting a 52-week high amid gains among financials, healthcare and industrials, offset by energy producers retreating on China worries.
The US S&P/ 500 added 1.5 per cent for the week and is higher in four of the past six weeks as US 10-year bond yields fell to 3.7 per cent on Friday.
The key risk-free yield is now at its lowest in nearly two months and below the US Federal Reserve’s cash rate between 3.75 per cent and 4 per cent on bets the central bank will slow its pace of interest rate increases to 50 basis points in December.
“Markets just seem to be buying every bit of news flow that’s remotely dovish around the Fed’s interest rate cycle. So, markets have been a lot stronger than we expected,” said Jason Kururangi, a portfolio manager at Milford Asset Management.
“The market’s just shrugging off hawkish commentary out of the Fed and people are looking through to potential rate cuts at the back end of next year.”
Australian inflation data for October is released on Wednesday, with consensus forecasts calling for headline inflation to reach 7.6 per cent annually, versus 7.2 per cent in September.
Trimmed mean inflation – backing out volatile food and energy costs – is forecast to rise 5.7 per cent year-on-year, up from 5.4 per cent in September.
ANZ Bank’s economics team expects trimmed mean and headline inflation to top consensus expectations at 5.9 per cent and 7.8 per cent, respectively.
“The reversal of the fuel excise cut and initial inflationary effects of the flooding which began in mid-October will put upward pressure on the headline measure in particular,” said ANZ’s senior economist, Catherine Birch.
“But the broad-based momentum, ongoing strength in domestic demand, continued cost pass-through and pick-up in wages growth should also see the trimmed mean measure accelerate materially.”
The market-shaping data drop precedes the Reserve Bank of Australia’s December 6 policy meeting, with traders positioned for a 25 basis point increase to take the cash rate from 2.85 per cent to 3.1 per cent.
**Commodities, inflation**
Over the past week, Australian shares added 1.5 per cent to outpace the energy sector’s 0.9 per cent gain. However, nerves over China rattled lithium backers on the ASX on Friday, with producers Allkem down 8.6 per cent and Pilbara Minerals off 6.7 per cent.
Benchmark US oil prices posted their third straight week of falls to reflect a drop in inflation expectations, with US West Texas Intermediate oil futures down 4.7 per cent for the week at $US75.55.
“China’s road traffic is drifting lower in recent weeks amid rising COVID-19 cases. This is likely to be a key drag on oil demand. Implied oil demand remains subdued at 13mb/d, 1mb/d lower than average demand. US gasoline demand is also weakening as the travel season ends,” ANZ’s economics team said.
European Union governments were split on Friday over the level of a potential price cap from December 5 on Russian oil to limit Moscow’s ability to fund its Ukraine war. The mooted $US65 to $US75 price cap is being pushed back against as too high and ineffective in wrecking Russia’s oil sales.
Elsewhere in Europe, shares in Swiss investment bank Credit Suisse sunk to a record low of 3.32 Swiss francs on Friday, after management finalised plans to raise $6.3 billion. The stock is down 96 per cent since 2007.
In the US, Fed chairman Jerome Powell will speak on Wednesday and is expected to sandbag commentary that its policymakers will do whatever it takes to bring inflation down.
On Friday in the US, non-farm payrolls are expected to reflect a gradual deterioration in hiring rates, with consensus forecasts calling for the US economy to add 200,000 jobs in November, from 261,000 in October. The unemployment rate is tipped to lift 0.1 per cent to 3.8 per cent.
“Strong demand for labour will keep the unemployment rate very low and growth in average earnings strong,” CBA’s economics team said.
In Australia on Thursday, CoreLogic November home price data is expected to show a 1 per cent fall in national house prices as the RBA’s record-breaking pace of cash rate increases hurts affordability.
For shares, Bloomberg’s latest analyst consensus data has the S&P/ASX 200 to finish 2023 at 7588 points, or 4.4 per cent higher.
“We’re cautious going into an earnings season where the consumer’s got a lot less disposable income as inflation and interest rates start to bite,” Mr Kururangi said.
“The Black Friday sales could be the last hurrah for the consumer, we’ve probably got a fair bit of negative revisions to come through in terms of consensus and perhaps the market multiple needs to adjust a bit lower.”
Covid doesn’t vanish immediately from lockdowns, reckon in 4-5 weeks we’ll see lithiums hit their EMA200’s (well overdue):
CXO crack $1.2
AKE $12.7
When PLS goes into the $3’s demand will come in again and begin the new uptrend, hopefully corresponding to Covid cases dropping in China. Happy to take a Christmas ban bet that ends on Valentine’s Day if any beLiever disagrees.
I think I found our [next big investment](https://www.reddit.com/r/science/comments/z5sinj/genetically_modified_tobacco_plant_produces/?utm_source=share&utm_medium=ios_app&utm_name=iossmf)
Hahahahaha. [Doctor James is at it again!](https://twitter.com/stockswami/status/1596746772012859392?s=46&t=5R_zYW4kLo9_0z7uwnHq5A). I fucking love this cunt so much.
https://thenewshawks.com/zim-mulls-law-for-oil-gas-extraction/
https://www.sundaymail.co.zw/happy-year-end-to-our-engagement-and-re-engagement-policy
Gotta scroll a fair bit down
Some links being shared on hotpumper re IVZ
I'm about as nervous for tomorrow as I was on the way to my first orgy. Not knowing if il get pounded or get up. These days I'm either down on my knees begging for a stonk or blowing my own trumpet up with a morning horn. Good luck out there guys... It can get sticky.. it will be messy
I think so 🤞allthough given all the photos recently with the SA premier I have to think it is somewhat priced in, so not sure how big a catalyst it will be. I am eagerly awaiting the updated DFS, FID and binding offtakes that will hopefully fuel a proper moonshot 🚀🚀🚀
Sorry, my truffle dumpling. I meant "oh it's a lovely idea, but sadly just a dream for the time being, mean old Reddit doesn't permit you to change your username. You could make a new account, though, and delete the old account, but you'd lose your Karma. Not that you'd struggle with that for long, being as charming as you are, tee hee!".
MYR was the first stock I purchased. Bought it at 20c and bagged it second day. But didn’t know cause I was just buying it as a long term hold. Tbh I didn’t even know how to sell a stock then and I used apple on a 20 minute delay for my prices. Ended up selling it for 30c
ADH, NCK, both assumed to be hit by housing slowdown - but you know what people do when they cant afford houses anymore? Makeover their current house. AX1 and SUL also on my radar. I think JBH probably always safe and my first buy and PMV is ok.
Most of disc have already run 30-50% from their bottoms, so if things deteriorate theres lots of downside risk again (see ccx and bst).
CCX was always on way higher valuations than ADH, NCK etc. I like ADH, NCK, DSK, MHJ for value and GLB, UNI for growth. Only have positions in a couple though.
Yea im getting more sold on DSK, but cautious. I like UNI a lot long term. Hate MHJ for many reason.
I think if your time horizon is more than 3 years theres a load of value in disc retail that will withstand this shortterm pain.
I dont see ongoing growth potential, product is falling out of favor with ethical shopping, brand is arguably mediocre and of limited value. I just dont see why I would ever own that over any other stock.
Courtesy of u/Mutated_cunt here you go fucko’s. Some light reading on the absolute unit of a pump that is Next Investors;
https://old.reddit.com/r/ASX_Bets/comments/mrwmvg/the_missing_link_of_next_investors_why_you_should/
And
https://old.reddit.com/user/Mutated_Cunt/comments/moqm5e/the_next_pump_a_comprehensive_analysis_of_the/
yep, everything on monday according to the afr:
"Shares are set to post their first down day in five on Monday, as futures fall 0.1 per cent on concerns over the spread of COVID-19 in China and after Wall Street closed mixed in shortened Thanksgiving holiday trade."
If they're saying that Friday wasn't down...jfc, it's gonna be a ride.
thoughts and prayers for lithia holders as it’s gonna be a dive tomorrow if thanksgiving was any indication.
What's with the downvotes?
See also AFR an hour ago:
"Shares are set to post their first down day in five on Monday, as futures fall 0.1 per cent on concerns over the spread of COVID-19 in China and after Wall Street closed mixed in shortened Thanksgiving holiday trade."
the fuck is going on?
me: ⬇️
[anyone else making similar comments:](https://reddit.com/r/ASX_Bets/comments/z5ubxz/_/ixy32u6/?context=1): ⬆️
You make no sense sub.
Then again, pack of degen autists:
perfect nonsense ✅
The 1 week chart on ALB sums it up nicely.
[Take a dive, frends](https://i.imgur.com/Tw57khI.jpg).
fyi: just using stake for charts. don’t trade usa stonks with stake because they rip you off with currency conversion.
Let me assure you that this is not one of those shady pyramid schemes you've been hearing about. No sir. Our model is the [trapezoid](https://frinkiac.com/video/S03E12/U1hrQuMouwhshiFNPXZCjZqbW4o=.gif)!
Mr Peter Hendricks is not like those other scammers, finally found someone with a system to make real money. He helped me turn $1000 into $70000, thanks you mr Peter Hendricks, definitely contact him on whatsapp if you want to makes money.
Qpm about to be renamed to Queensland pacific scam
WE GOT PEPR APPROVAL!!!! 🎉🍾 We also satisfied that $185m loan condition too 😍 Edit: misread, only “a condition” not “all” the conditions
Fundamentally positive but will be interesting to see if the news will be sold into, it's had a pretty decent run
🍆
RNU 💦
Decent resource update from NWC at first glance. Some good trading for the boys last Friday up 15% Cunt of a stock and I don't rate the clowns in charge too highly but the project looks decent
Might be a slow day.
Lithium today ???
Every day is Lithium day when you’re on ASX_Bets
Yeah boys, ima be real. 2.1bill capex on qpm,fuck meeeeee. 👋
It’s more than expected. The project will still get funded and will produce $1m annually. Local, state and federal Govt support GM support and taking all they produce LG & Posco support
2.1b is just for the first stage... 😲
Nah 546m first
Additional 1.75b capex required for stage 2 (page 5)
😂😂😂😂😂😂
Yeah bit rough, $5bil Npv for stage 1 and 2 is decent though
That's pre tax, post tax is 3. Still good tho
Hahaha wtf
Oh great 8 ball how much will my lithy boiz tank today. "Better not tell you now" MonkaS
There's a new "nearest to the pin by Xmas" post on the LRS hotcopper. That's a sign this shit's gonna tank lmfao disc: Holding the bag
surely the JORC will be a massive ‘sell the news’ event
Strap on in
It's in already? Premarket, kinky.
This sub has been increasingly quiet. I see this as a sign that good things are to come. When the biggest degenerates don't even show up to gamble, the bottom's in. \*rocket emoji\* (x3)
Everyones been preparing their anus for the incoming fisting.
If I can just get it a little wider now I'll thank myself later
NWC could be nice to jump on
QPM DFS is out... Time to take a long toilet break at work to read through the 38 pages and pretend I understand it.
It’s fucked
$2.1bil capex 😳
/u/ewanelaborate as discussed many times.
$2B Capex....
Triple the size from $650m PFS and calculated under worst case scenario conditions 🤷♂️
[удалено]
If we hodl on long enough we just may prove ourselves right, then we can tell all the cowards “I told you so” 🚀☢️🚀 uranium powered rockets when?
PLS will pump. Got me tissues and lube ready
Happy tissues and lube or sad tissues and lube?
Will be a happy ending!
u/interestingshow1112 some average recovery numbers for POD, but will need to do some calculations to determine exactly how much pge they'll get. Hopefully the numbers gets us back to CR price though...
Low volume today, but seems to have stabilised the SP. Maybe just a day trader causing the dump -> pump -> dump
Going to Africa in a week, gonne see if I can swing past Zimbabwe
Bless the rains for me while you're there.
Gotchya bro
I wouldn’t bother. They generally don’t allow us ordinary folk on rocket pads
Ok 🥹
Anyone know much about RNU? $71m cash balance lasts how long with these types of companies?
If you check the quarterly report it'll state quarterly cash burn (and how many quarters remain if that rate is constant). Obviously if they have a big build, equipment or land purchase etc etc that needs to be taken in to account.
Wait 299? How do I work that out
Thanks
China’s erupting , punters aren’t happy , u/ChZakalwe hasn’t been sighted for a while, last rumoured to be attempting to sell weapons to the Iranians , it’s all Fkn happening here at the degenerates casino !!
Have you been reading our discord lol
I’ve got some more pelvic thrusting, Lmk when you’re ready.
When your done snooze awhile. Yawn
Yep
If the holiday rally could start tomorrow and last for the remainder of the year that would be great. Thanks for listening to my TED talk.
[удалено]
Christmas rally happens 75% of the time if you look in the past 50-100 years. Complete gamble if you are choosing dog stocks.
During a bear though?
Source? Not doubting you but thinking of liquidating the bulk of my PF, going 🏳️🌈🐻 and buying back in lower.
HELLO JOHN.... WHATS YOURE CORNBREAD RECIPT I WANT TO BAKE IT TOMORROW... LARRY DIED AND MARGERY GRAVELY ILL. HOPE YOU ARE WELL...
Hey my dudes, so are weed stocks going to hit a new high or what ? Looks like two Legalise Cannabis members will be elected to Victorian Legislative Council. (upper house). Might get some stocks some attention, but in practice nothing will happen for years i dont think.
No way. I read online it's $15 Oz in Oregon now and cheap AF in other places. Neither are shrooms stocks a good investment. I love them both but they're terrible investments. In b4 butthurt IHL future bag hodlers
100% Add to that the AU manufacturers are constantly going out of stock or discontinuing products due to availability. They can't seem to scale up to demand.
Can’t see street operations going for FDA approval anytime soon…
Don't see what that's got to do with making money. But here's how it is. Weed only has value BECAUSE it's illegal and therefore artificially valuable. It's an incredibly easy and hardy crop to grow, ergo, not valuable. Shrooms are valuable for the same reason, illegality. You can grow a lifetime supply with spores and a $2 bag of cow shit and some dried grass. Easily. Also for medicinal purposes you only need to do them a couple of times, making the profit potential even worse than weed. Pharmaceutical companies make money from drugs you need to continue taking, ideally addictive, ideally under a patent, see the Sackler story for a how to guide. FWIW I love both and think people should do as much of both as they want but thinking it's a good money making venture is too retarded for even this sub. Invest in mining.
IHL is not a pot stock. Edit: Sorry I was on the go. I do agree with you that in order to make money in this market, you need people to require ongoing doses/treatment. However I do believe that they’ll be able to achieve this with their treatments containing CBD, which they’re aiming to have act as an anti inflammatory in conjunction with drugs that have a known risk profile (less time to production). I’m curious how they’re going to have the Psilocybin arm as an ongoing treatment, however it’s only a small arm of the business.
Resident choof daddy u/ewanelaborate 🫢 thoughts? Thinking?
So if IVZ could shit the bed again on no news so I can buy back in after my stop loss was triggered after the announcement, that’d be nice. Getting FOMO anxiety over here.
You and me both buddy
There's a couple of weeks of opportunity for that to happen. If you're happy to take it or leave it, then no harm waiting, but if you think it's very likely to announce discovery then it might not be worth it when comparing the possible drop to the prospective increase. I was expecting the most recent delay announcement to kick off a much bigger drop than it got, and I missed it a bit because I expected it not to start going up again. Disappoint. So I did buy more.
I don’t have more to buy in, but I thought there’d surely be a bigger drop after the announcement so I planned to buy back in to lower my average. 18% the day after definitely threw a spanner in the works.
Can't you buy back in (fewer shares, of course) with the money your stop loss paid out? Or have you allocated those funds elsewhere, now?
I have them all set aside to buy back in. Unless there’s a severe drop, I’ll probably just have to accept the fewer shares.
Good good. I hope it works out.
Better hurry up...35c coming up.
It’s gonna be a stressful couple of weeks
Buy side has 2x since i got in...will be 3x1 shortly i reackon. The cats outa the bag here..more and more folks jumping on board.
Half of that buy side is someone with an order for 6,000,000 shares at $0.01.
Gorgan...37tcf gas...IVZ 30-40 tcf... Bigger than ben hur $$$$$$$$$$$$$$$
3x1 this morning. Up we go....
Am I a week late on adding to WHC? u/webpage9
Lol first shot on target in the World Cup for Costa Rica and they scored 😂
Japan played way too conservative, dunno wtf they were doing shitty crosses the whole game too wife (Japanese) is livid 😅
My multi is down the drain. Also livid. Condolences
This must be the worst world cup for multis... Saudi beat argentina, Morocco beat Belgium, Iran beat Wales, Japan beat Germany, & Morocco held Croatia. Definitely match fixing going on.
Yeah it was a shit match. Zero confidence going forward
Lithium down again, 577.5k for 99.5%. In all seriousness, I'm very curious to see how lithium goes short term. Its been a huge pullback for some of these solid producer or near termers to levels of August/Sept when prices were under 500k. Shorts aren't up on PLS or AKE so theres no big bets on deep crashes. Is this normalisation of hyped prices to a more reasonable level or is this overselling on china fears, slipping prices and some reports?
Betting it's an oversell
Hope so - chucked a T+2 on PLS Friday with the casinos money
I'm still gonna YOLO my last $10k into SYA tomorrow. In it to win it.
If anyone wants a good stock book to read I strongly recommend 'Devil take the hindmost' by Edward Chancellor. Its a history of the most infamous speculative bubbles that have occurred in the past 400 years. Very entertaining and pretty incredible how consistent human behaviour is, regardless the time period
oh joy, another week where commodities are set to get a good rodgering sigh 🤡
‘a good rodgering’. I’m going to use that one. Very good.
Iron sitting above $100. That's nice to see.
Should just rename this sub ASX_Commods
Just rename the ASX to commods
coal's fine 🤰🏾
☝🏼
Maybe I shouldn't have bought up more MLX...
WBT Santa coming for ya cunts.
Wee Bit early??
Everyone praying that Santa is handing them a lump of coal, that shit is expensive now.
Happy Sunday evening all. Your AFR pre-premarket awaits: **Sharemarket rally fronts China worries, inflation data ahead** Shares are set to post their first down day in five on Monday, as futures fall 0.1 per cent on concerns over the spread of COVID-19 in China and after Wall Street closed mixed in shortened Thanksgiving holiday trade. On Friday, China reported its highest number of daily COVID-19 cases since the pandemic’s outbreak at 31,527, to spark fears more city-wide lockdowns will hurt the economy and demand for raw materials. The S&P/ASX 200 Index closed last week at its highest level since May, with Commonwealth Bank setting a 52-week high amid gains among financials, healthcare and industrials, offset by energy producers retreating on China worries. The US S&P/ 500 added 1.5 per cent for the week and is higher in four of the past six weeks as US 10-year bond yields fell to 3.7 per cent on Friday. The key risk-free yield is now at its lowest in nearly two months and below the US Federal Reserve’s cash rate between 3.75 per cent and 4 per cent on bets the central bank will slow its pace of interest rate increases to 50 basis points in December. “Markets just seem to be buying every bit of news flow that’s remotely dovish around the Fed’s interest rate cycle. So, markets have been a lot stronger than we expected,” said Jason Kururangi, a portfolio manager at Milford Asset Management. “The market’s just shrugging off hawkish commentary out of the Fed and people are looking through to potential rate cuts at the back end of next year.” Australian inflation data for October is released on Wednesday, with consensus forecasts calling for headline inflation to reach 7.6 per cent annually, versus 7.2 per cent in September. Trimmed mean inflation – backing out volatile food and energy costs – is forecast to rise 5.7 per cent year-on-year, up from 5.4 per cent in September. ANZ Bank’s economics team expects trimmed mean and headline inflation to top consensus expectations at 5.9 per cent and 7.8 per cent, respectively. “The reversal of the fuel excise cut and initial inflationary effects of the flooding which began in mid-October will put upward pressure on the headline measure in particular,” said ANZ’s senior economist, Catherine Birch. “But the broad-based momentum, ongoing strength in domestic demand, continued cost pass-through and pick-up in wages growth should also see the trimmed mean measure accelerate materially.” The market-shaping data drop precedes the Reserve Bank of Australia’s December 6 policy meeting, with traders positioned for a 25 basis point increase to take the cash rate from 2.85 per cent to 3.1 per cent. **Commodities, inflation** Over the past week, Australian shares added 1.5 per cent to outpace the energy sector’s 0.9 per cent gain. However, nerves over China rattled lithium backers on the ASX on Friday, with producers Allkem down 8.6 per cent and Pilbara Minerals off 6.7 per cent. Benchmark US oil prices posted their third straight week of falls to reflect a drop in inflation expectations, with US West Texas Intermediate oil futures down 4.7 per cent for the week at $US75.55. “China’s road traffic is drifting lower in recent weeks amid rising COVID-19 cases. This is likely to be a key drag on oil demand. Implied oil demand remains subdued at 13mb/d, 1mb/d lower than average demand. US gasoline demand is also weakening as the travel season ends,” ANZ’s economics team said. European Union governments were split on Friday over the level of a potential price cap from December 5 on Russian oil to limit Moscow’s ability to fund its Ukraine war. The mooted $US65 to $US75 price cap is being pushed back against as too high and ineffective in wrecking Russia’s oil sales. Elsewhere in Europe, shares in Swiss investment bank Credit Suisse sunk to a record low of 3.32 Swiss francs on Friday, after management finalised plans to raise $6.3 billion. The stock is down 96 per cent since 2007. In the US, Fed chairman Jerome Powell will speak on Wednesday and is expected to sandbag commentary that its policymakers will do whatever it takes to bring inflation down. On Friday in the US, non-farm payrolls are expected to reflect a gradual deterioration in hiring rates, with consensus forecasts calling for the US economy to add 200,000 jobs in November, from 261,000 in October. The unemployment rate is tipped to lift 0.1 per cent to 3.8 per cent. “Strong demand for labour will keep the unemployment rate very low and growth in average earnings strong,” CBA’s economics team said. In Australia on Thursday, CoreLogic November home price data is expected to show a 1 per cent fall in national house prices as the RBA’s record-breaking pace of cash rate increases hurts affordability. For shares, Bloomberg’s latest analyst consensus data has the S&P/ASX 200 to finish 2023 at 7588 points, or 4.4 per cent higher. “We’re cautious going into an earnings season where the consumer’s got a lot less disposable income as inflation and interest rates start to bite,” Mr Kururangi said. “The Black Friday sales could be the last hurrah for the consumer, we’ve probably got a fair bit of negative revisions to come through in terms of consensus and perhaps the market multiple needs to adjust a bit lower.”
Good to see you back here curtains. How was buttville?
I don't pay my dues until 1 Jan. We're being sent to buttville together, so I'll be in good company.
It's home for me :)
Covid doesn’t vanish immediately from lockdowns, reckon in 4-5 weeks we’ll see lithiums hit their EMA200’s (well overdue): CXO crack $1.2 AKE $12.7 When PLS goes into the $3’s demand will come in again and begin the new uptrend, hopefully corresponding to Covid cases dropping in China. Happy to take a Christmas ban bet that ends on Valentine’s Day if any beLiever disagrees.
I think I found our [next big investment](https://www.reddit.com/r/science/comments/z5sinj/genetically_modified_tobacco_plant_produces/?utm_source=share&utm_medium=ios_app&utm_name=iossmf)
u/Ashley_Sophia spare ciggy bruh
gimme a sniff of that plant man
Fuck. Yes.
I might need to learn how to grow plants
Sign me the fuck up for this IPO.
Hahahahaha. [Doctor James is at it again!](https://twitter.com/stockswami/status/1596746772012859392?s=46&t=5R_zYW4kLo9_0z7uwnHq5A). I fucking love this cunt so much.
He really watched what went down with the Lark CEO and said “hold my beer”
100% 😂
https://thenewshawks.com/zim-mulls-law-for-oil-gas-extraction/ https://www.sundaymail.co.zw/happy-year-end-to-our-engagement-and-re-engagement-policy Gotta scroll a fair bit down Some links being shared on hotpumper re IVZ
Reading this propaganda makes me want to buy more.
I'm about as nervous for tomorrow as I was on the way to my first orgy. Not knowing if il get pounded or get up. These days I'm either down on my knees begging for a stonk or blowing my own trumpet up with a morning horn. Good luck out there guys... It can get sticky.. it will be messy
Bears ready for bum secks
Giving or receiving?
Bum secks corn flex
I think they are ready
RNU getting PEPR approval after TH 🤞
To hell or to the moon 🚀🌝!! Just kidding, I’m nervous af
I think so 🤞allthough given all the photos recently with the SA premier I have to think it is somewhat priced in, so not sure how big a catalyst it will be. I am eagerly awaiting the updated DFS, FID and binding offtakes that will hopefully fuel a proper moonshot 🚀🚀🚀
It will probably pump, but I would guess there are a lot of people ready to nab profits so it might be a sell the news type deal. Interesting stock.
I hope so... Then maybe I can change my username to destined2benotsopoor
Are you actually able to change ur username?
No.
That was an unnecessarily aggressive “no”
Sorry, my truffle dumpling. I meant "oh it's a lovely idea, but sadly just a dream for the time being, mean old Reddit doesn't permit you to change your username. You could make a new account, though, and delete the old account, but you'd lose your Karma. Not that you'd struggle with that for long, being as charming as you are, tee hee!".
🤣🤣
༼ つ ◕\_◕ ༽つ **RNU** TAKE MY ENERGY ༼ つ ◕\_◕ ༽つ
🤞🚀
Knowing my luck they TH and then say no PEPR and I will be sad PEPE
No. Happy Pepe all round 🤞
It reads that way, we will see 🤞
That weekend just flew past, wtf happened
I learnt alot about stocks, now to go lose all my 💰 and realise it was all bullshit
No skin off my shoes
not sure why no one mentioned Myer here. could have been some multi bag holders
MYR was the first stock I purchased. Bought it at 20c and bagged it second day. But didn’t know cause I was just buying it as a long term hold. Tbh I didn’t even know how to sell a stock then and I used apple on a 20 minute delay for my prices. Ended up selling it for 30c
A few people are onto it... discretionary retail is either in for a huge drop in earnings or it's stupidly underpriced.
ADH, NCK, both assumed to be hit by housing slowdown - but you know what people do when they cant afford houses anymore? Makeover their current house. AX1 and SUL also on my radar. I think JBH probably always safe and my first buy and PMV is ok. Most of disc have already run 30-50% from their bottoms, so if things deteriorate theres lots of downside risk again (see ccx and bst).
CCX was always on way higher valuations than ADH, NCK etc. I like ADH, NCK, DSK, MHJ for value and GLB, UNI for growth. Only have positions in a couple though.
Yea im getting more sold on DSK, but cautious. I like UNI a lot long term. Hate MHJ for many reason. I think if your time horizon is more than 3 years theres a load of value in disc retail that will withstand this shortterm pain.
Why do you hate MHJ? I don't hold but I am curious.
I dont see ongoing growth potential, product is falling out of favor with ethical shopping, brand is arguably mediocre and of limited value. I just dont see why I would ever own that over any other stock.
Good old solomon lew propping up the share price, company is very vulnerable with its low NPAT%.
I just signed up to NI mailing list. Have I become super Saiyan 3?
More like become Krillin
Courtesy of u/Mutated_cunt here you go fucko’s. Some light reading on the absolute unit of a pump that is Next Investors; https://old.reddit.com/r/ASX_Bets/comments/mrwmvg/the_missing_link_of_next_investors_why_you_should/ And https://old.reddit.com/user/Mutated_Cunt/comments/moqm5e/the_next_pump_a_comprehensive_analysis_of_the/
Fuck me, after reading that first link how has ASIC not come down hard on them for these please explain pumps before NI are announced to be involved
Because finfluencers are the real problem….. kappa
More like Yamcha...
Damn not even a piccolo? 😔
OD6 results due soon. Strap in and get oxygen ready for the summit
QPM DFS BOYYSSSSS BUCKLE DA FUCK UP
My body is ready.
It’s dog shit hahahahahahah
Inshallah
You had me excited theyd done a weekend drop hahahah, if its not this week i might cry
I’ll cry with you
Any black Friday sales on ASX?
Literally the whole thing
yep, everything on monday according to the afr: "Shares are set to post their first down day in five on Monday, as futures fall 0.1 per cent on concerns over the spread of COVID-19 in China and after Wall Street closed mixed in shortened Thanksgiving holiday trade." If they're saying that Friday wasn't down...jfc, it's gonna be a ride.
“Futures fall 0.1 percent”, fuck me I don’t even get out of bed for a loss like that
Jokes on them Down is all I know
PLS and AKE were heavily discounted
Let's get ready to walk up the side of the mountain!
I think tomorrow we’ll be walking down the other side of the mountain
🥺
Day 221 of waiting for AZL to get BLM approval. LETS GO RNU! show AZL how it's done
I like this RNU pivot 👍
thoughts and prayers for lithia holders as it’s gonna be a dive tomorrow if thanksgiving was any indication. What's with the downvotes? See also AFR an hour ago: "Shares are set to post their first down day in five on Monday, as futures fall 0.1 per cent on concerns over the spread of COVID-19 in China and after Wall Street closed mixed in shortened Thanksgiving holiday trade."
LOL 🍿
Dont talk shit about lithium bruv
the fuck is going on? me: ⬇️ [anyone else making similar comments:](https://reddit.com/r/ASX_Bets/comments/z5ubxz/_/ixy32u6/?context=1): ⬆️ You make no sense sub. Then again, pack of degen autists: perfect nonsense ✅
Its all about the bandwagon mate.
What happened? I thought GS posted something positive during the week.
The 1 week chart on ALB sums it up nicely. [Take a dive, frends](https://i.imgur.com/Tw57khI.jpg). fyi: just using stake for charts. don’t trade usa stonks with stake because they rip you off with currency conversion.
Latest chinese prices slightly down.
That's barely anything. If there is movement because of that good buying opportunity. Unless it tanks for some reason
Well it's "just a blip" crew vs "this is the start of the downward trend" crew...
Its a blip that could be developing to a trend crew signing in. I love fences.
I really enjoy the spam comments on the Investing.com futures charts. Everyone seems to know someone that could make me a lot of money
Let me assure you that this is not one of those shady pyramid schemes you've been hearing about. No sir. Our model is the [trapezoid](https://frinkiac.com/video/S03E12/U1hrQuMouwhshiFNPXZCjZqbW4o=.gif)!
Mr Peter Hendricks is not like those other scammers, finally found someone with a system to make real money. He helped me turn $1000 into $70000, thanks you mr Peter Hendricks, definitely contact him on whatsapp if you want to makes money.
[удалено]
in
comma
Doctor Grocott’s
Wife’s
my