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The Cryptkeeper said:
What a day to have AKE shares. :)

www.afr.com

Allkem inks merger with Livent

Argentinian lithium is the focus of a $US10.6 billion merger between Allkem and Livent.
www.afr.com www.afr.com
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I caught up with Richard Seville a few weeks back whilst he was in Perth.

What a remarkable guy.......very measured.

His success at Oz Min, now Allkem and he has a private play that looks like yet another goal.
 

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Power Raid said:
I caught up with Richard Seville a few weeks back whilst he was in Perth.

What a remarkable guy.......very measured.

His success at Oz Min, now Allkem and he has a private play that looks like yet another goal.
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I bought my moderately small parcel back in about 2017 when it was Orocobre. I also had Kidman stocks at the time which was somewhat lucky as well.
 
I'm back in the game (sold out - bought property). Looking to continue off where I left last time... with plenty of green. Already identified 20 or so stocks with potential. Will focus on 5 or 6 as per my usual strategy. Barring some crazy global event such as russia nuking someone I think certain sectors are about to enter a massive bull. My favourite (critical minerals) heads it up IMO.
 
SizeMatters said:
I'm back in the game (sold out - bought property). Looking to continue off where I left last time... with plenty of green. Already identified 20 or so stocks with potential. Will focus on 5 or 6 as per my usual strategy. Barring some crazy global event such as russia nuking someone I think certain sectors are about to enter a massive bull. My favourite (critical minerals) heads it up IMO.
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Don’t be shy and list the ones you will be buying.

How’d you go with CXO?

How much do you still have in AVZ?

Which other ones made you a tidy profit?
 
BuddysBiggestFan said:
Don’t be shy and list the ones you will be buying.

How’d you go with CXO?

How much do you still have in AVZ?

Which other ones made you a tidy profit?
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I literally sold almost all of my holdings around late march-ish - turned out to be a great idea with the holdings I had. Too much stress on life. Bought a nice place in Canberra.
Feel so sorry for the people who have been stuck in the AVZ mess over the past 12 months - I've got a little bit left like 50k shares but I knew of one person who had well over 1m shares. No idea how that bloke sleeps at night. Hope it all works out for AVZ :)

(DYOR... and just what I AM snooping around on) SLB, MNB, MGT, LRS, IPT and with the most recent announcement QPM are the ones I will be focusing on going forward. High risk - high reward plays now I'm starting from pretty much scratch and have no real reason to play it safe. WR1 I got my dad onto at 22c... suffice to say he's happy bloke. Wish I had coin to blow at that time...

I'll add that while I say I'm going high risk/high reward I'll probably starting accumulating SYA and CXO again. Amazing value at current prices IMO. Lithium sentiment changing slightly from a bear to bull market - M&A activity will be HUGE and whilst I think CXO is a tad small for a TO I feel they are priming up to start accumulating stakes in companies that operate adjacent to their Finniss and Barrow Creek operations in the NT. Lithium Plus for example?
 
SizeMatters said:
I literally sold almost all of my holdings around late march-ish - turned out to be a great idea with the holdings I had. Too much stress on life. Bought a nice place in Canberra.
Feel so sorry for the people who have been stuck in the AVZ mess over the past 12 months - I've got a little bit left like 50k shares but I knew of one person who had well over 1m shares. No idea how that bloke sleeps at night. Hope it all works out for AVZ :)

(DYOR... and just what I AM snooping around on) SLB, MNB, MGT, LRS, IPT and with the most recent announcement QPM are the ones I will be focusing on going forward. High risk - high reward plays now I'm starting from pretty much scratch and have no real reason to play it safe. WR1 I got my dad onto at 22c... suffice to say he's happy bloke. Wish I had coin to blow at that time...

I'll add that while I say I'm going high risk/high reward I'll probably starting accumulating SYA and CXO again. Amazing value at current prices IMO. Lithium sentiment changing slightly from a bear to bull market - M&A activity will be HUGE and whilst I think CXO is a tad small for a TO I feel they are priming up to start accumulating stakes in companies that operate adjacent to their Finniss and Barrow Creek operations in the NT. Lithium Plus for example?
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Thanks for the write up

WR1 would have been good
WA1 would have been better

Someone explain to me why WA1 has taken off since November
 

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Kram said:
Yeah AVZ huh, sovereign risk is always something that can bite.
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the world will no doubt split into spheres of influence being US, EU, China and other controlled. sovereign risk will be nuts in the decades ahead........if it isn't already
 
BuddysBiggestFan said:
Thanks for the write up

WR1 would have been good
WA1 would have been better

Someone explain to me why WA1 has taken off since November
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Better? Dunno if I can say that now. He’s up over 8 bags since buy in. WR1 I feel fundamentally much stronger. IR Act will only help it. Canada will be a lithium superpower over the coming years. Well worth investing hard earned into that country as investments start to flow in.
 
SizeMatters said:
Better? Dunno if I can say that now. He’s up over 8 bags since buy in. WR1 I feel fundamentally much stronger. IR Act will only help it. Canada will be a lithium superpower over the coming years. Well worth investing hard earned into that country as investments start to flow in.
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WA1 opened @ 11c, now almost hitting $4 after 6 months?
 
Scottroo said:
Pursuit minerals (PUR)

Hearing good things about a run
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careful about a post like this.

it could suggest you are aware of results ahead of an announcement.

with one of the people involved in the company being very well known in West Perth, it wouldn't surprise me if the ASX and ASIC monitor the trades before announcements are released.


I would stay away from this one, regardless of the potential.
 
Power Raid said:
careful about a post like this.

it could suggest you are aware of results ahead of an announcement.

with one of the people involved in the company being very well known in West Perth, it wouldn't surprise me if the ASX and ASIC monitor the trades before announcements are released.


I would stay away from this one, regardless of the potential.
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why is that? never heard of it before but had a quick skim. doesn't sound too bad for a 45m market cap company. i have seen a lot worse valued 4 times as much.
 
BuddysBiggestFan said:
WA1 opened @ 11c, now almost hitting $4 after 6 months?
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haha hindsight is amazing i guess. I've had a quick look over the announcements leading up to the massive increase it's seen. yeah... wasn't that strong over that period where we went with wr1 who at least had some positive news flow at the time. would have been a complete gamble at the time of wr1 purchase to go with wa1. Great returns on both companies.
 
I haven't posted here in a while, so I thought I'd leave this:



And this:



And this:



What do I recommend?

Investing in BBUS (short the S&P 500), SNAS (short NASDAQ) and the ProShares UltraShort Semiconductors ETF (SSG). I put 1.25% of my portfolio in each of these - normally, you want to invest less in Short ETF's because of extra volatility + expense. You can play it safe and invest 50% of your initial outlay if you want.

Unless you know what you're doing with CFDs, I wouldn't recommend this, but I also shorted AUDJPY and MXNJPY. The Yen is a safe-haven currency, it's very undervalued by historical standards, the AUD is an overvalued commodity currency, the MXN is a commodity currency which has outperformed so far in 2023, and commodity currencies fare poorly during risk-off periods and recessions. I took half of what I invested in AUDJPY in profits. I'll sit on the rest during this month and see what happens, because the AUDJPY is still in a bullish channel and the CCI indicates that it's oversold over the short term (hence why I cashed out).

FWIW, Bank of America's Michael Hartnett (who's normally quite reliable) suggests that a risk-off period will happen in late June. It makes sense, given the state of the market and the expected Fed hikes (which help the USD but do nothing for tech over the long run).

Also, I recommend placing about 10-30% of your portfolio in US money market funds. I used the US SHV ETF. The more inexperienced/young you are, the more I'd place in these funds. (Johnny Bananas)

EDIT (1/6/2023): I don't normally recommend shorting. People who do normally underperform. But I'd make an exception in an unstable, unsustainable market with a recession looming.

The USDJPY has also crossed 139.8, which potentially means a move higher (up to 145 apparently). The AUDJPY and USDJPY have been pretty closely correlated over the past few months, the CCI is even more oversold than it was earlier, and the bull flag on the AUDJPY goes up to 91.60 (pretty much what I bought it for), so I cashed out the last of that for now, even though I still expect it to perform poorly over the next month.

I'll keep an eye on the MXNJPY. I've already cashed out half of that. But it lacks a bull flag, so I may need to cash out the other half quickly. The only thing keeping me from doing so is the high CCI, so I've placed a stop-loss (on short) order at $7.925.

EDIT (2/6/2023): The stop-loss was activated and now I've put half of my allocated amount into shorting AUDUSD. The CCI's at around 150, so it should decline pretty quickly. Left some money spare just in case I'm wrong, though. Will look at EURUSD as well.
 
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ash_1050 said:
Terrible idea, BBUS is designed for 24-48 hour holds rather than as an investment. You'll get absolutely reamed on decay if you hold more than a couple of days.
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Not what I've found in this environment TBH, as long as you don't invest too much too soon.

In a normal environment, you'd absolutely be mad to invest in it.

EDIT: On that note, I did put 1.25% of my portfolio into EPV and BEAR, because I figured that both Euro and AUS equities were overvalued, and both countries are closely correlated with the US stock market. Granted, I'm a bit in the red on EPV, but I'm in the black on BEAR.

Same deal with EUM - emerging equities don't fare well during incipient market slumps.
 
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