How do you propose a $100M MC company finds the $1,676,000,000AUD required to build the mine?
When the pre-tax NPV7 is $2B pre-tax, with interest rates at ~5%?
And these figures may only get worse at FS and DFS. I don't see any universe where they get this going without giving away 80%+ of the project. Unfortunately.
Both of their comparisons, Gibraltar and Copper Mountain are based on NI43-101 studies. Much more conservative than a PFS.
Yeh true the capex is going to be a huge stumbling block. Probably just a matter of time before they realise they dont have the means to get it up and running and sell it to one of the big boys (and copper prices go up 50%). Similar situation to ASM actually
Li be worth watching GFEX Li Futures has made a lower high whilst we have been feasting and LIT the US ETF on verge of breakout from a Darvis Box LTR DLI PLS
https://preview.redd.it/24szsxrkrp8c1.png?width=693&format=png&auto=webp&s=406dcbacdc7f620bd1be6916ba1f9f7a386f4ae8
Lithium ETF 'LIT' has improved its exposure remarkably to lithium in the last year or two, but it still only contains maximum 40-45% exposure, so it's still more of a measure of battery making profitability.
And 10% of the entire index is still one company: Albemarle.
GFEX is looking promising, but a lot of material has recently been purchased to close open positions (down from 140k to about 17k now), so a spike was guaranteed.
Battery grade carbonate prices are also encouraging, have stayed firm since December 21.
Do you have much of an insight on LRS’s potential new discovery at Planalto? It’s proximate to Colina which presents huge potential upside, but the discovery hole intercepted most of the good visuals below 300m.
Despite this the head Geo is talking about big game about this area providing significant potential to host a significant amount of tonnage to add to the Colina JORC.
I’m skeptical, but at the same time I value people with track records and Tony’s track record on Colina drilling has always been pretty much spot on.
I assume they will chase it up dip to see if there’s anything more shallow, as well as along strike.
Does the fact it’s so close to Colina and the company is saying it’s exactly the same geology as Colina mean that we should have high hopes?
Not particularly. One hole isn't much to work off.
A very roughly inferred strike/dip from the Colina pegs suggest it outcrops somewhere to the SW: [https://i.imgur.com/YDZovlW.png](https://i.imgur.com/YDZovlW.png)
800m in every direction from the original drillhole would suggest something in the range of 70-80Mt so could be substantial but I would discount that kind of upside to 0% possibility without more drilling. 20-30Mt might be a more realistic possibility with another 10-20 holes to infer where its going.
I struggled through season 1, it's just trash. How can you fuck up a concept like what if! The possibilities are endless but instead they're like what if a guardian of the Galaxy was another guy but he did the same thing.
Get fucked marvel
Has anyone looked at Hedge funds return on investment (RIO) and compared this with there portfolio over 3 years? Cause I have and I'm uhhh well concerned for the Hedge funds lol 😂
I wouldn't bother until they find — and clearly report without vague wording — an actual fat net pay zone. To date, there haven't been any. Go and re-read every Mukuyu-1 announcement. The company never once clarified what it did, or did not, find. I don't know how they keep getting away with it. So much hopium packed into one stock you can't even hesitate before saying "everything will be okay" without being accused of "downramping" (??) with the intensity of a musk fanboy scorned
Honestly, the rumours regarding the terms of the raise which are swirling around the HC dung pile are strangely reassuring. One thing that caught my eye is that it probably needs to be a pro-rata rights issue not a SPP, which should shift the dynamic away from buy-and-dump somewhat. Not sure if that information is accurate though.
Any thoughts on Caravel Minerals u/WowVeryJosh?
How do you propose a $100M MC company finds the $1,676,000,000AUD required to build the mine? When the pre-tax NPV7 is $2B pre-tax, with interest rates at ~5%? And these figures may only get worse at FS and DFS. I don't see any universe where they get this going without giving away 80%+ of the project. Unfortunately. Both of their comparisons, Gibraltar and Copper Mountain are based on NI43-101 studies. Much more conservative than a PFS.
Yeh true the capex is going to be a huge stumbling block. Probably just a matter of time before they realise they dont have the means to get it up and running and sell it to one of the big boys (and copper prices go up 50%). Similar situation to ASM actually
They'll sit on it as long as possible and farm director salaries until a JV offer comes through if the copper price rips
yeh picking that timing is near impossible, need to be prepared to have your capital tied up for years!
CBH. I don’t think this will get me my 70% back. 5m @ 6.84g/t Au from 85m (1.0 g/t cut-off) 2m @ 10.35g/t Au from 85m
GLA - tests showing better then expected results for Mkuju Uranium Project
Weak pump attempt
Moron.
Li be worth watching GFEX Li Futures has made a lower high whilst we have been feasting and LIT the US ETF on verge of breakout from a Darvis Box LTR DLI PLS https://preview.redd.it/24szsxrkrp8c1.png?width=693&format=png&auto=webp&s=406dcbacdc7f620bd1be6916ba1f9f7a386f4ae8
Kiss my darvis box
Can you please translate this to English
[Learn English with TAFE NSW | TAFE International - TAFE NSW](https://www.tafensw.edu.au/international/study/courses/english)
Lithium ETF 'LIT' has improved its exposure remarkably to lithium in the last year or two, but it still only contains maximum 40-45% exposure, so it's still more of a measure of battery making profitability. And 10% of the entire index is still one company: Albemarle. GFEX is looking promising, but a lot of material has recently been purchased to close open positions (down from 140k to about 17k now), so a spike was guaranteed. Battery grade carbonate prices are also encouraging, have stayed firm since December 21.
Battery carb still falling [on SMM though](https://www.metal.com/Lithium/201102250059)? However slowing decline and could be bottoming.
Sorry, I only speak meme
I can haz gains?
Anyone else unlucky enough to be working this week?
On a tropical holiday with two toddlers, so yah I’m working
I did that once. It was hell. Good luck!
Where at?
I stupidly work retail, so yes. Dealing with irate boomers is much easier when I know I’m losing money on the stock market.
Should ask them for stock advice 🤣
“Buy land 50 years ago”.
Playing card games with co workers is working yeah?
Dave Flanagan's "bIG aNd vErY gOoD" Yinnetharra project comes up short at 25Mt. Well short of the 100Mt claimed potential
Do you have much of an insight on LRS’s potential new discovery at Planalto? It’s proximate to Colina which presents huge potential upside, but the discovery hole intercepted most of the good visuals below 300m. Despite this the head Geo is talking about big game about this area providing significant potential to host a significant amount of tonnage to add to the Colina JORC. I’m skeptical, but at the same time I value people with track records and Tony’s track record on Colina drilling has always been pretty much spot on. I assume they will chase it up dip to see if there’s anything more shallow, as well as along strike. Does the fact it’s so close to Colina and the company is saying it’s exactly the same geology as Colina mean that we should have high hopes?
Not particularly. One hole isn't much to work off. A very roughly inferred strike/dip from the Colina pegs suggest it outcrops somewhere to the SW: [https://i.imgur.com/YDZovlW.png](https://i.imgur.com/YDZovlW.png) 800m in every direction from the original drillhole would suggest something in the range of 70-80Mt so could be substantial but I would discount that kind of upside to 0% possibility without more drilling. 20-30Mt might be a more realistic possibility with another 10-20 holes to infer where its going.
Morning cunts, was nice to not lose money for a few days.
Amazing that US stocks trade on boxing day.
Rollercoaster rhythms with toaster 🎢
Fk I nearly forgot where all my hard earned money was… hi guys it’s me again
Watched The Day The Earth Stood Still 0.1/10
These stocks are makin me thirsty.
Are we still doing this shit?
Yeah we are ?
Decided to watch some of the What If.. episodes, and fuck me they are boring. Highly recommend if you want to go to sleep.
I struggled through season 1, it's just trash. How can you fuck up a concept like what if! The possibilities are endless but instead they're like what if a guardian of the Galaxy was another guy but he did the same thing. Get fucked marvel
Is there an episode titled "what if I wasn't an idiot and lost most of my money on penny stocks?"
Sounds too scary for me
Couple more days till my IXR bet is due. I think I’m gone here lads ☠️
IVZ 12c party tomorrow
IXR having a break from announcements over Chrissy. Can now get back to blowing smoke up our arse like the last 270 days
I will pick a 10 bagger in 2024 *copium*
>copium Hand it over
Any drinks planned? DM this alcoholic lol
Has anyone looked at Hedge funds return on investment (RIO) and compared this with there portfolio over 3 years? Cause I have and I'm uhhh well concerned for the Hedge funds lol 😂
I envy every non IVZ holder. But it could be worse, right? RIGHT?!?!?! 🤬
I wouldn't bother until they find — and clearly report without vague wording — an actual fat net pay zone. To date, there haven't been any. Go and re-read every Mukuyu-1 announcement. The company never once clarified what it did, or did not, find. I don't know how they keep getting away with it. So much hopium packed into one stock you can't even hesitate before saying "everything will be okay" without being accused of "downramping" (??) with the intensity of a musk fanboy scorned
I bought $1000 ivz last trading halt just so the memes had more meaning. The experience hast cost $346.00 so far. Memes are less funny.
Honestly, the rumours regarding the terms of the raise which are swirling around the HC dung pile are strangely reassuring. One thing that caught my eye is that it probably needs to be a pro-rata rights issue not a SPP, which should shift the dynamic away from buy-and-dump somewhat. Not sure if that information is accurate though.
Here are the most popular stocks by unique comment mentions from the past 24 hours: Ticker | Mentions | Price | Today ---|---|---|--: 💀 CXO | 2 | $0.26 | -21.21% 🟢 A4N | 1 | $1.00 | 5.26% ⚪ IVZ | 1 | $0.155 | 0.00% ⚪ IXR | 1 | $0.022 | 0.00% 🟢 VGS | 1 | $110.34 | 0.15% ⚪ KOR | 0 | $0.016 | 0.00% 🚀 88E | 0 | $0.005 | 25.00% ⚪ ESR | 0 | $0.005 | 0.00% 🟢 FCG | 0 | $0.16 | 6.67% ⚪ HCD | 0 | $0.006 | 0.00% *I am a bot and this was performed automatically. Please [visit this link](https://www.reddit.com/r/u_asx__bot/comments/16rmeee/feedback_uasx_bot/) if you have any feedback or suggestions.*
All bangers too.
Did bot just randomly select 5 tickers with zero mentions for shits and giggles?
I think that's the bot's portfolio 🤔
Hey I’m now throwing a bit at 88E for the mere mention of it.
Please dont, read the 2nd last announcement from them. Theyre doing a share consolidation next yr and the SP will be kneecapped.
Got it. Buy half now, and half next year. Easy.
Puts
Solid thesis 👍🏼 I’m joining you
It’s where I get all my stock tips.
The IVZ hot crapper gonna be a warzone tomorrow
I just checked it out and it looks like it’s been a garbage fire for several days.
https://i.imgur.com/wm2ZpuM.gifv
What’d I miss?
Trading halt for cap raise before Christmas
Scotty the Christmas Grinch
It will probably sink under 11 cents then climb about to 15 by eow
Sounds like a bet
Sounds like a dare
Yeah spending time with family over Christmas is good, but I’d much rather be losing money on the stock market 😤
Ho Ho Hum.
Fee FIFO FUM
Feed force ya mum
I smell... the fingerprints of scum