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Kram said:
The melting from LTR holders on HC over 'only' getting $3 is pretty funny, the ignorance about the risks of taking a resource into production along with the greed when a lot only paid a few cents for it.
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I sold my last LTR share today for $2.98, what a ride.

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Kram said:
I knocked out a few at $2.99 but you just have to wonder what's going on with this trading action, up at the offer price on the largest volume in nearly 6 months, maybe something has been leaked.
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If it's the ASX there's a 95% chance of trading halt/announcement tomorrow.

Some talk of entertaining the Albermarle offer was to flush out any other bidders and pushing the auction price up to mid 3's.

What's the nearology play in WA?

LLL is disaster, sovereign risk is high on agendas, consolidation for processing makes sense, valuations are down.

I always thought it would be the BHP's and FMG's jumping into Lithium and consolidating. Looks like it's on the cards is some way shape or form.
 
Big lick of Liontown shares trade amid takeover; eyes on Gina Rinehart
Sarah Thompson, Kanika Sood and Emma Rapaport
Sep 7, 2023 – 1.34pm

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Street Talk spotted some unusual trading activity in takeover-target Liontown on Thursday morning.


Tim Goyder is a large investor in lithium hopeful Liontown Resources. Trevor Collens

Western Australian stockbroker Euroz Hartleys traded around 1.7 per cent of the company’s stock across five large blocks at $3 per share, piquing the market’s interest given the shares were trading at $2.90 apiece.

Trading volume also spiked to 85.6 million from 15 million on Wednesday.

The identity of the buyer was not known, and Euroz declined to provide details. However, fingers pointed to Australia’s richest person, Gina Rinehart. The mining billionaire holds a 4.9 per cent stake in Liontown, just under the substantial threshold.

The share sales, which were pegged at a 3.5 per cent premium, come just days after US lithium heavyweight Albemarle lobbed a non-binding $3 a share bid for Liontown, valuing the company at $6.6 billion.

Albemarle has been pursuing Liontown since October last year, when it made a $2.20-a-share offer that was not made public at the time.

The $3-a-share offer endorsed on Monday was at a 14.5 per cent premium to Liontown’s closing share price on September 1, and 20 per cent higher than the $2.50 offer rejected as far too low in March.
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Brent at $100pb before year end a real possibility now.

Any recommendations for a gold mining stock are appreciated. PRU gets mentioned a bit but sovereign risk is huge.
 
Here's another tool worth considering. This dashboard is part of the free subscription...... I do not know how accurate the dashboard is because it is new and cant be backtested - but he has posted it on twitter....

I have followed him on twitter and whilst he is a bit of a kook, he does post some useful stuff.

wifeyalpha.com

WifeyAlpha

The educational gateway for traders and portfolio managers
wifeyalpha.com wifeyalpha.com

1695173592376.png
 
I've made some dud investments that are just flatlining my portfolio, am thinking of just selling them off for a capital loss, and just reinvesting them into ETFs which are overall slowly doing well for me.

That way, I don't have to moniter individual companies and can just trust the ETF managers to do the heavy lifting for me. It also means I don't have to time the market as much. I've held a few things too long that would have made me 3x - 4x my money but now they've dropped to basically even.
 

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CXO was artificially suppressed to flush out retail. The SP recovery probably starts now.
 
Abstract question without notice.

If I own a stock that has gone from let's say $10 to $15 over the last two months and my brother also owns stock of this company but he needs to release his money in it (but is a team player) - can I buy the stock he owns from him at a price somewhere between the $10 and $15 in a off market transfer?

Both of us have held this stock for a while now and will get both a CGT event if we sell it (but discounted due to the time owned).

A friend of mine mentioned I can use any price in the last few months, is this accurate?

Everything here is hypothetical.
 
Jimmy_the_Gent said:
I noticed this thread was a bit dead. I also read a post on asx bets asking where everyone is. Two observations about this 1. Interest rates working their magic. 2. Signal to buy low?
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Doesn't seem like a real panic but bonds are sky high, rates getting higher, wars. Don't think it's chips in yet, not far off?
 
Jimmy_the_Gent said:
I noticed this thread was a bit dead. I also read a post on asx bets asking where everyone is. Two observations about this 1. Interest rates working their magic. 2. Signal to buy low?
Click to expand...
I got heaps of cash so just trickling it in on the way down. I mean it does well in the bank at the moment but that will of course change at some stage.
 
Financial Instos have been completely wrong on the graphite scene. I've been accumulating BKT for some time and might look at another graphite stock to play the house.

www.reuters.com

China, world's top graphite producer, tightens exports of key battery material

China said on Friday it will require export permits for some graphite products to protect national security, springing a surprise with another bid to control critical mineral supply in response to challenges over its global manufacturing dominance.
www.reuters.com www.reuters.com

 
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I acquired RNU for $0.16, since it's broken through all of its 6 month support areas.

The next resistance area seems to be at $0.19, according to my own charts.

EDIT: Scratch that; there's resistance at $0.17 before we can break through to $0.19.
 
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