TIL that bud light is not a low alcohol beer, but a low calorie beer, and Americans don't refer to low alcohol beers as light.

Isn't bud light the one all the MAGA's got all hysterical and lost thir emotions over?

Confident yes, but I'm not sure what a MAGA is.

Wtf happened? Come out of an exam and see LTR up 3%

Just keep doing more bs random exams

anything for LTR to go up

First production this month

Go back to your exam a few more times then

My last exam unfortunately or fortunately. Idek anymore.

The lady in the Lambo showroom today (Audi Brisbane) said they're selling as many cars as ever, no slow down in demand.

Did she mean OF subscriptions?

Could have, I guess.

“Ah you better buy it now, they are selling fast.” Oldest sales trick in the book.

Oh she was under no illusions that I was there to buy.

And which ASX stock did you gain these tendies?

Never believe anything a woman tells you

... I'm a woman.

Never believe what you tell yourself.

So you should know better

ASX_Bets, circa 1952. Who woulda thought.

MAY be she's born with it

She's worth it. Fucked if it is true. Do not hold me responsible.

MAY be she's a dog

Get my wife’s name out yo fuckin mouth


Citi and Bell Potter are like the Z grade of analyst recommendation

You need to smell the fresh air more.

Barrenjoey is more like that. I know like 7+ of the "founding principals" when it started up. Most have left now.

I’ll never forget the month before Li took the steepest downturn o.a.t Bell Potter was all over DLI, LTR and co. in its recommendation piece.. It’s like they read our sub for 2 days and published absolute kilos of horse shit

How about Shaw with their recent $2.20 price target on GL1 lol

But they were shorting LTR? At least their trading desk were. https://preview.redd.it/bc9srcnhzu8d1.png?width=1620&format=png&auto=webp&s=22de04b68c5c341ee859d7176e44425b17d26a0e


2 days left to crystallise my losses

Jokes on you, I already have carry forward losses of 25k from last year

Just apply those losses to any gains you made this year and carry your new losses forwards. At least you limit the time decay of money that way, to some extent...

Goto restaurant, what’s on the menu bois “Rate hike… “ Lost appetite

No fortune cookie ?

Errr, isn't inflation up mainly because hydrocarbon prices are up? If so not sure how the RBA hiking interest rates is going to reduce global fuel prices much, I'm already cycling to work \~2 days per week.

apology for poor english when were you when the grafite dies? i was sat at home wearing new balance when mark ring ‘a node is kill’ 'no' and you?????????

Not going to lie feeling some FOMO on iron ore like FMG and MIN. The recover from today is insane.

It down today, what are you smoking my man?

FMG https://preview.redd.it/qabjxcmdxu8d1.png?width=717&format=png&auto=webp&s=44434291c6b624edcde7a1489d8751e8af39aa57

MIN. https://preview.redd.it/2p3b1qy8xu8d1.png?width=698&format=png&auto=webp&s=31cd3f0f97c242580631309da7d14a7a8a45b6ce

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NDIS doesn’t cover for retards

Neurodiverse though

Last chance to get cheap WA1...

the amount of sells ive had partially filled makes me wanna commit

The ASX is going to tell MAY off soon if this keeps up

No speeding ticket for MAY. Can run all it wants after an announcement, especially one that could be positively read. The strange sell-off before bad news hopefully means this is a strange buy-up before amazing news.

Yes no speeding ticket but if the company is undertaking price sensitive testing which can easily be leaked and there are constant and new updates there needs to be a TH. One announcement isn’t enough to justify it when every hour of the day could have price sensitive news

This shit is better then anti depressants

It’s either leaky insider and it’ll be good flows or just hype and we could come back to reality soon. I see a lot of 500k buys which seems to be keeping it under the radar.

I'm in for 20k atm 0.046 average, think its a good idea to take the chips up to the counter right before market close?

No one can answer that except for you. The only real or true thing is that if you sell, you'll make a profit. Nothing else is guaranteed.

How long is a piece of string? The way i see it if its going up this hard on no news of good flow its going to blow the roof off the ASX if it flows well and has a decent API. With a buy in price of 4.6c id personally hold and take the punt especially if you dont need the money asap

How about the bloke on the HC forums that had to sell 700k shares (or 700k worth idk) THE DAY BEFORE THE ANNOUNCEMENT?!?! Fuck his life

Yeh he sold 7mil shares I believe. Really unfortunate timing

Other guy got hit at 3.8c on the down. Lot of pain. see what it closes at after traders take day profit.

wow. wow the fucking games. As I said below 1:40pm was interesting as volume spike... Citi closes shorters as they is released. https://preview.redd.it/wjuf4765fu8d1.png?width=985&format=png&auto=webp&s=a74a8506ec00529ca17423f16a2a127c31163de1

Buy lithium, got it.

I read a similar article about citi recommending shorts on lithium but earlier at 12:46pm on marketindex

Bigger media provider more leverage. [Market Index does a deeper dive into it](https://www.marketindex.com.au/news/lithium-in-freefall-remain-bearish-near-term-citi). That guy just copy pasta for twitter likes. >and yesterday, Citi updated clients on the trade (now showing massive profits after lithium’s recent price plunge), choosing to **hold on to both short positions for further downside in lithium prices**. \_ Either way, **Citi says: Hold those shorts!** They’re up 19% and 14% respectively in just a couple of months and Citi sees “further room for the trades to run in the near-term”. Avg 16% ROI on $1B shorts sounds pretty good?

 Of course I cummed too early offloading LTR @ 86c after buying @ 84c 💦

All volume spiked at 1:40. Seems likes shorters didn't want news reports on lithium surging in China so they covered just before the break.

Ah interesting..yeah noticed the large spike in volume across the board

Even LTM moved which is rare for a CDI.

and the lithium rally is on pause for now. Lunch time for China. We getting profit takers now?

I took smol profit on a swing trade on IGO from last Friday., dropped my nuts. I got \*in Clarence voice\* skayyed by the Citi shitti. I'm just a little boy!

Fuck yeah get there MAY. Glad i didnt sell out and had diamond hands. 20% yesterday. 18.75% today with time to still go up. Come on you weak dog daddy needs a win

I would have been genuinely saddened for you if you sold, good job hanging on, takes balls

All for your cake day.

Bah gawd, its lithium with the steel chair

 Lithium rn

LTR getting Lassonde Curve'd by commissioning ramp-up risk  Don't fuck with commissioning projects.

"You bought ....... units of Vital Metals @ 0.0025" 🤡

How long in line for those were you?

just a small retail player making a market order between a stacked 0.002 buy and 0.003 sell Superhero is good like that, and works 4/9 times perfectly 🎲

It's burning $2m a quarter and it's only got one quarters worth of cash in the bank. Guess the flare don't lie huh.

I would pay good money to see a day by day private diary of what management have actually been doing for 12 months

Golf isnt that interesting

Im sure it got rotated between hookers and blow. What else are they doing that costs $2M a quarter? Leaving a lotta LOTTA lights on?

They've updated their website to scrub any mention of VML from it [https://lionheadresources.com/](https://lionheadresources.com/), that must have taken a couple of days

+3.3m in sales

"Sales"

Fair

https://preview.redd.it/24op1b4keu8d1.png?width=2048&format=png&auto=webp&s=b5162d25dbb6d00435f99af13eef527bde86b052 It's ok, the board has a funding arrangement teed up with these guys. Big things in the pipeline

[FBU](https://youtu.be/808nTiXLam8?si=FZmI-b8cXXib4Huu)

PLS 🚀

This isn't being deleted(yet), but we suggest trying harder next time. *I am a bot, and this action was performed automatically. Please [contact the moderators of this subreddit](/message/compose/?to=/r/ASX_Bets) if you have any questions or concerns.*

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You got this.

I should have brought a cardigan

DRE getting smashed for no reason. Good opportunity to buy up some cheap units before the next drilling program starts in July with early results expected August and into Sept🤞

https://preview.redd.it/uc7valya5u8d1.jpeg?width=1284&format=pjpg&auto=webp&s=ca99af2a2415d6e815bb3e56090312bf984ff7ae China comfortable

Responding to GFEX, presumably. It's been a strange 24 hours. On Friday, a Platts commentator nominated that 90k was their theoretical carbonate bottom. Yesterday, carb plunged to 86k during the day, then surged 5% back to 90k by the end of trading. Now it's up another 3-4% with a handful of hours left. Routine summer maintenance will see [some lepidolite go offline](https://news.metal.com/newscontent/102818993), while surely the [lower grade spodumene coming in from Nigeria](https://news.metal.com/newscontent/102818680/[SMM-Analysis]-The-customs-import-volume-of-domestic-lithium-concentrate-in-May-2024-was-released) must be under pressure (whereas the Zimbabwean stuff must be mostly vertically integrated). I'm not suggesting a turnaround unless the Australian plays act. By my reckoning, Bald Hill & Mt Cattlin are currently even when factoring in AISC, with the former potentially getting costs down depending on whether project improvements have been completed. SYAQ have to stay the course at such a late stage, IMO. PLL appeared to achieve a May price of $1045/t on their cargo, which very neatly tracts the Platts assessed price for last month (allowing for grade adjustment).

Any thoughts on whether this new Argentinian supply Could cause even more issues for spot prices? https://www.mining.com/web/argentina-is-about-to-unleash-a-wave-of-lithium-in-a-global-glut/

I'm not sure where they're getting 202,000t from, unless it's the multi-year plan of those companies combined. I've got: * Mariana (Ganfeng) * 20,000t of lithium chloride, ramping from Q4 2024 * Sal de Oro (Posco) * 23,000t of LCE, ramping from mid 2025 * Tres Quebradas (Zijing 3Q) * 20,000t of LCE currently ramping, with an absolutely shocking OPEX that is similar to large hard rock projects * 30,000t LCE phase II under construction * Centenario Ratones * 5,000-7000t this year * 24,000t from 2025 onwards So in 12 months time, we're looking at 20kt of chloride, plus 67kt of mixed grade LCE, moving to 97kt of mixed grade LCE in 2026. Global demand is expected to surpass 1,500,000t of LCE/LiOH in 2025, so it looks to me like Australian hard rock projects still hold the key to balance. Bald Hill and Mt Cattlin collectively contribute 32kt of battery grade LiOH per year, and as you know they're very modest operations.

Tianqi up 11% now on HSI damn.

Back to 5.5% now damn

Futures pumping aswell. Strange

and everything pumps on ASX lol?

IGO leading the charge

https://preview.redd.it/ja7cifsn4u8d1.png?width=802&format=png&auto=webp&s=ef955ce8fda6b8dc4026cd4b2063a1fddfc36b38 I can tell you when the EOFY sale started - 22 May Only 2 more days right.......

Yes 2 days, 2 days....

This boe?

ETF

High inflation, weak gdp = stagflation. Can't cut interest restarts to boost gdp growth, it'll blow out inflation. Can't increase interest rates, it'll death cycle the economy. Boomers have money, millennials don't. Millennials can't afford to have kids, fertility crisis gets worse. Interest rate increases have stamped out demand side inflation, it's supply side inflation that remains persistent. This can't be fixed with monetary policy (RBA), it has to be addressed with fiscal policy (govt).  Some ideas: Real estate reforms need to happen with rent freezes and rent caps to stop housing inflation. Halving negative gearing payments will also reduce the debt burden and free up housing stock for first home buyers. Banning private land sales to REITs for 3 years will also reduce housing market demand. These will be very unpopular reforms for the electorate, Labor would need to run on them as an election policy. They might actually be able to do it given no one wants a potato for a PM.

Part of the reason for the strong headline numbers is fuel prices. That's a global problem that nothing can be done about, so before they go pulling a bunch of interest rates levers, hopefully they try some policy decisions. The problem is that you get quarterly and monthly figures on the economy, but policy timeframes are much longer, so if they have to take a housing policy to the election to get it done then by then we'll probably be onto a different problem. For me they should be doing the "right thing" with those longer term policies around rent, housing etc. (maybe an inheritance tax too?) and then work on housing supply issues. Three big things can be done quickly: - Sort out Airbnbs - too many houses are only used 10 weeks a year - Rethink immigration - stop supplementing economic stagnation with migration and revert to historical immigration levels - Aggressively rezone and permit for more high density housing (they are starting to do this but they need to go harder) Longer term stuff would be: - Remove negative gearing - Look into rent price caps by dwelling and location rather than a rent freeze (which would lead to a race to jump out and get in front of the policy) That would hopefully slow the increase in house prices, give people the option of affordable apartment living in places with jobs and maybe reduce the need for as much transiting. For oil prices, not much you can do except wait and keep electrifying going.

Something needs to be done about gas as well. Gas sets the electricity price and most if not all transport is done by road and filling up the car is costing more and more. Despite the govt introducing a $12/GJ price cap, it is currently at $14/GJ and bumped up to $24/GJ last Friday https://aemo.com.au/aemo/apps/visualisations/gsh-benchmark-price.html It impacts upon every part of the economy and we need plenty of cheap gas.

Username does not check out. But yeah some drastic measures are needed. Rents increasing 7.4% for the year was shocking but unsurprising

should just reduce GCT on stocks by 10% so money naturally flows out of investment properties and into businesses making money just through leveraging into residential houses makes for a clown economy, easy to see when you compare us (housing based) to the USA (business based) 

This is such a sensible idea, however I'm not shocked that none of our political parties have put it forward given our dogshit political discourse.

No need to reduce tax to incentivise investment into equities, just cut subsidies for housing investment (negative gearing)

politically would be much easier to sell a "positive" change than a "negative" one, especially with all the oldies who vote down anything against negative gearing... can easily be sold as doing something to stimulate innovation etc. instead then the money would still just flow naturally where the best returns are

The fact that housing was the most significant rise and yet no party wants to get serious about housing affordability is fucked.

One party tried and got their arses handed to them at a federal election. Maybe it's time those who are no longer contributing taxes to society, and think younger generations owe them a gratuitous retirement are also no longer allowed to vote, but good luck to any party taking that to the polls!

One party does 😉 🟢

ACW doing well. I was hoping to sell just before release of phase 2b trial results and I may stick to that plan, but the phase 2a results look surprising promising compared to the grim outlook given by a review in nature earlier this year. Any insights?

CTT (under) $1 party by end of the week?

end of day mate.

Had a buy in at $1, it did not trigger …

It did crater to 0.55? before

Depends if they can keep the customs grift going or not

Stupid question - if I bought VDHG through commsex and it pays a divvie where does it get paid to…?

Check computershare - but for my holdings it’s usually through my CDIA account (that was what was nominated for me). It’s whatever is linked to your portfolio in commsex

Thanking you! It confused me the idea of money coming out of commsex normally it’s just a bottomless pit where I throw money into.

I’ve been holding EXR for few years now, my body aches. When will I put this journey to an end…

Broooooooo red is on the menu again

BRN the top gainer for ASX300 says it all.

Anyone invested in AVL? Cause that shit is always red or stagnant. I got 20k held up in this stock doing sweet fuck all.

Yep, I invested $500 and hoping to sell probably as soon as it goes green lol (if ever). If not I can sell for tax (if I make any gains ever)

That vanadium pump caught quite a few people in it.

Can someone organize a coup in Africa so they stop producing lithium? Only way LTR going back up I think.

Has LLL stolen my money and will I ever see it again. 🤔 So much to ponder.

Be happy Ganfeng is footing the bill to get it to work out.

CKF pretending yesterday's gains didn't happen

Must be some disgruntled MAY ex-holders now.

I'm back up 10K already, feel sorry for the sellers. ....probably just jinxed myself though!

MAY goes up, MAY goes down. That is just the nature of things.

I WAS ALWAYS RIGHT

Check with your SO before making that claim

If only they researched for themselves and understood rather than following the crowd of sellers

Even the Roach is pumping MAY again

We’re fucked now. Time to sell.

That’s the worst sign of them all

I always liked the theory that the majority of people have a stop loss in place, and had no fucking idea what happened

Yeh more than likely, however going by this sub the understanding of what the last announcement was referring to was completely misunderstood

You mean going by the one comment of one person who held no position and only a passing interest in the stock?

Go back and see how many posts there were

I read all the comments. I just remember you bringing up the just found mud comment a lot.

That seemed to be a big one, unsure if people were taking the piss or not but the assumption was it flowed “mud” and not oil not knowing what drilling mud is

May we all be united by one retarded stock.

Highly regarded

MAY starting to rise from the ashes? this stock is a traders dream. its more volatile than north korea with nuclear weapons.

A short term trader*

Cmon MAY… just get to .069 so at least we can get both some pleasure out of this

4% lol Cost me $20 for a bowl of Pho now 4% my ass

Did you get extra noodles?

Need a fucking loan to get a redbull with a bowl of pho these days. This country needs fixing

You got the round eye tax

Almost certain Snoo is asian.

-.-

I see red I see red I see redddddd

Sub $21 party? on FMG 🎊🥳

It's good but bad. Can stock up, but the portfolio looks like a soggy biscuit.

I didn't hit :(


Buy the dip

Buying the dip is great, because averaging down, amirite? Of course this means that all value built up over the past year has evaporated so not _actually_ reason to be cheerful (part 3).

MAY nearly back up 33% after the latest croc slide lmao Fuck this stock

Wish I'd had the money to average down 🫠

What exactly are we waiting for with RNU now, an offtake agreement?

DC to get his hand off his junk

Didnt DC get replaced or am I thinking of someone else?

Nope thats GT1 my bad

Something, anything, please!

Inflation fukt ⬆

https://preview.redd.it/cxgj90wgmt8d1.png?width=692&format=png&auto=webp&s=3556db5c5bbae2303d8c172c21dacb6734d4fecf

Number one thing anyone can do to fix inflation is line up every single landlord against a wall.

I’ll bring my ruler

What about mum and dad investors looking to buy the 7th SMSF house.

They get to bite the gutter instead


https://preview.redd.it/vjlodv7mnt8d1.png?width=288&format=png&auto=webp&s=69b42c0326a317ac33b933917838dac39fe8bae5 US reporting these figures over the next two days.

Uh oh spaghettio ....

CKF and HVN looking tasty, but I'm here with no cash

What ever happened to that HZR pumper? IIRC he used to be fond of eating Marxist sausage.

Ya'll got excited after a bit of green yesterday... ASX says, 'FUCK YOU!'

I admit I was fooled

The monthly CPI indicator rose 4.0% in the 12 months to May. We are fucked.

Fucking

Inflation back on the menu

Main course now.

Rate hike incoming! Being paranoid yesterday was the right call. 4% is almost a guarantee now.

There shouldn't be one, if they could do any basic analysis, but they won't, so you're absolutely correct

Getting stoned on a beach, watching the shares go red, and waiting for somebody to love... I mean hookers and cocaine. I don't want a wife and kids.