ASX

Namber_5_Jaxon

Yeah I mean done correctly can still yield alright results. If you have a method you have a method, I know of someone who trades penny stock junior miners, of course a lot turn out to be dog stocks but mitigating the risk properly the 10+ baggers make it and some back. Depends what sort of strategy you want to make. I use a third of my portfolio on this exact sort of strategy, been doing it for a year and atm decently in the green overall from it. Have a few prospects that are really looking promisng. ASX:CPV has been a double bagger so far, after current option contracts get soaked up in the market it’ll most likely have another leg up. Keep in mind this is a legitimate second job for me doing this and not some passive hour or two a week or checking news

Namber_5_Jaxon

I forgot to add ticker do your own research but ASX:BEZ

Namber_5_Jaxon

ASX:Bez

Studio_2

Nice stealing from r/ASX_Bets

MasterBoring

equipment manufactures part is very simplified, there are so many more equipment and material venders in between, a lot of them are base in Taiwan so regards here won't have access tho. For example, the Quartz Furnace tube manufacture TSC(5434.TW) stonk went up after earthquake cause tube are known to break easily, then you have ASE(3711.TW | NYSE: *ASX*) that provide advanced packaging services that support TSMC's CoWoS, or you have ASC(4770.TW) that provide chemical supplies, or Acter Technology(5536.TW) that help build massive clean rooms for TSMC, Kinik(1560.TW) here selling sci-fi sand papers that polish the wafers

_Adr_ian_

Is this on the ASX, because the SPY I’m looking at is a EFT and there’s no movement that big on the graph. So I’m assuming it the US market then.

WeeklyBread2159

G’day. IBKR is your best bet, in my humble opinion. I have been using them for quite some time and their fees are very low. They make their money on selling live market data, so their commissions on buying/selling options is very competitive. Depending on the duration of the options you’re buying, you may not even need to pay for live market data subscription costs. For example, if you’re buying puts with a few months until expiration, then the delayed data (~15-20mins) will probably be suffice. Also, option prices on the ASX in general aren’t as tumultuous as their American counterparts during intraday trading.

TheOnlySafeCult

bro why is the ASX closed for four days straight? Jesus wouldn't care if you opened on Monday

NutellaHotChocolates

Simple question but I am looking to invest in ASX EFTs on commsec and wondering if anyone has any specific indices they would recommend in particular as well as if I should DCA into one or two of these indexes or diversify into like five or more etc Current EFTs I am considering are - NDQ, IOZ, IOO, IETHI, SYI, IVV, VAS.

skkoct

add QCOM TSM ADI OUST IONQ ASX

HolidayReach2

I am typically investing in TSX venture exchange stocks - many of them are under $1.00 Fidelity handles it well. They can trade on Australia or a bunch of other countries. Merrill Edge does not - they restrict purchasing "penny stocks". Interactive brokers - I don't like their interface, but perhaps I can learn it. It seems too complicated. How about Schwab? Any other recommendations for a broker that handles TSX-V or ASX resource stocks well?

Koreankiwi7

No sign of it dropping significantly? I’ve just seen so many companies especially in the ASX which do well and get to an all time high and then significantly drop over the next 12-24 months etc..

MonkeyMcBandwagon

Use an Australian brokerage that gives you access to international markets. ASX has no equivalents for things like NVDA or TSLA.

skkoct

TSM,QCOM,MU,AVGO,ASML,ASX,ADI,AMAT All good

skkoct

They are way under valued, just do some digging and see how big they are. ASE Technology Holdings (ASX) is big and growing and is just way under valued at this time. I this at $20 within the year

skkoct

For some time now, I got my shares running this race already. My new play has been ASX for the last month. It just started to pop off in the last few days Now is the time to get on the ASX train for the next week or so. I am in QCOM for the long haul, IMO I see them at 300 a share by 2026

purplecatfishbettie

maybe UMC will come around... the dividend is not bad... i currently hold ASX on yahoo 'finance', UMC is fairly valued with a good dividend...7.44%... ASX is undervalued with a lower dividend.. 5.68%... HIMX is undervalued with the highest dividend... 8.14%... of course yahoo's dividend stats aren't always accurate.. maybe dividendinvestor would tell a more detailed/accurate story.. [https://www.dividendinvestor.com/dividend-quote/asx/](https://www.dividendinvestor.com/dividend-quote/asx/) [https://www.dividendinvestor.com/dividend-quote/umc/](https://www.dividendinvestor.com/dividend-quote/asx/) [https://www.dividendinvestor.com/dividend-quote/himx/](https://www.dividendinvestor.com/dividend-quote/asx/) outside of dividends, ASX has had a pretty good month...

jj7013

Has anyone looked at Whitehawk Limited on the ASX ? Its a small cybersecurity company in Australia run by some serious people from the States. Definitely worth a look in my opinion, very affordable but lacking cash.

TX_CastIron

Calls on Codan (ASX:  CDA). Owns Minelab metal detectors, one of the largest producers of countermine metal detectors for landmine detection and UXO clearance.  

Laktakfrak

Yeah according to my brokerage I am in the top 2% of traders for the ASX and 1% for US. Id be in the top 1% easily in the ASX if it wasnt for my index fund which is 30% of my portfolio. People always say how Buffett recommends the SP500 but thats to the average person. If you put in the time and effort he fully acknowledges you can beat the market. But the majority of people wont. My job is to read financial statements and to do feasibilities (ie value projects). So it makes sense for me to invest in the market using a valuation approach. Before anyone says if you are so good start a fund! Thats an entirely different game, you have to market and woo investors, which I really dont want to do. In Australia where Im from you pretty much need to raise at least $7m to start with to make it worth your while and only people earning more than $250k can invest. I also take another piece of advice from Warren that his biggest regret was letting so many investors in. Which made it significantly harder for him to find investments for larger returns he sort.

purplecatfishbettie

these are all kind of pennystock adjacent, but in addition to MX, maybe check out companies like UMC, HIMX, and ASX... smallish Taiwanese fabs with existing earnings, and paying a dividend. MX could rocket though... MX does have some cash, and almost no debt, but their cash flow is bad. they do have almost $9 of book value...

Namber_5_Jaxon

A lil speculative but ASX:BEZ. My biggest penny stock holding by a decent amount. DYOR

Used-Huckleberry-320

Very popular over in ASX bets actually

fpodunedin

I genuinely do not understand why Zip Co Ltd (ASX) dropped in share price when earnings was good. This market climate makes no sense.

Diamondhands4dagainz

Mate NVDA not only pumped SPY, it pumped Nikkei, DAX, ASX, Meme Seng and everything. Every sector and every exchange was pumped

Diamondhands4dagainz

Not just the SP500, but the global markets. DAX, ASX, Meme Seng, Nikkei etc.

Diamondhands4dagainz

Not just SPY and other meme stocks. Literally every sector rallied, and every index. Meme Seng, DAX, ASX, Nikkei, everything.

Martin_Birch

Besra Hold BEZ on the ASX.

Leading_Step48

It's an Australian stock, I don't use Robin Hood, but I had Questrade place the international trade, you might have to call in the purchase. You can find it online at the ASX (Australian stock exchange)

tori1702

Anyone know anything about a Company called Biotron? Ref ASX BIT!

Namber_5_Jaxon

Have posted a lengthy DD post on here a couple months ago on this subreddit so maybe you missed that, either way ASX:BEZ 300m offtake agreement, 3.4Moz of gold, with an estimated 5Moz to be added to that 3.4m that’s already confirmed. Drilling rigs for the pilot plant have been ordered, offtake agreement has started paying, resource upgrade on the way. The key risk here is that quantum metals who is the provider of the offtake deal has a written in clause that they do not need to supply the full 300m or what sort of time frame it needs to be paid over, it’s truly a one of one kind of offtake deal and I suggest you read it for yourself to understand. Second stock ASX:CPV although with this one I will say my average price is below where the stock is right now and there’s a chance it sinks for a little bit until they land a solid contract $$. Also might add when I posted my DD there were only a couple comments and they were from people already invested in the stock so it was pointless had zero discussion and suspect others may feel the same.

SultecGold

If you're using Stake, I imagine you're Australian. Avoid the US domiciled ETFs like VOO or VTS because it's a nightmare in terms of doing your Australian taxes as it is foreign income. Blackrock's IVV (listed on the ASX) is the exact same as VOO in that they both track the S&P 500.

tkeelah

NVO on the ASX is a gold explorer. The pharma company is on the NYSE sure, but not the ASX.

tkeelah

It's an injection. It's been around for more than a decade with significant clinical analysis. I have been prescribed Ozempic for T2D and leptin resistance, and like all diabetics are on 3 monthly blood testing with significant medical oversight including a professor of endocrinology. It works. My Hba1c has reduced from 12 to 5.4. For WSB folk: The manufacturer isn't listed on the ASX. Dividend date is in April. I would be bullish. Stock is up 18% last 12 months. A tragedy that some people suffered (3 families interviewed?), but 60 minutes agenda is to get viewers, and the actual details were not forthcoming. Always read the label and follow trusted medical advice. The warnings are in clear black and white.

Icecoldbundy

ASX: ARR is saying they have the largest rare earth deposit in all of North America. It’s in Wyoming as well. Market cap is $140M AUD NOT FINANCIAL ADVICE

RadiantSuit3332

Wonder if it's better to look at the ore concentrate refiners, lithium mining seems to be a crowded market That being said, I own AZS (ASX listed) who are still in the exploration stage, but have a really good spodumene deposit. It has maintained/increased its price recently with some big players starting to fight for ownership of it

Soggy-Job4187

No.. Barton main listing is on the ASX under BGD. They recently dual listed on the OTCQB under BGDFF

Moaning-Squirtle

The UK has a much weaker economy and the FTSE 100 pays more in dividends. The ASX 200 is another index where total returns are almost equal to the S&P 500 but pays way more in dividends (~5%) so the index does go up as much.

bridgesonatree

Exactly. Also, maybe the world (beyond the internet) doesn’t care about Palestine and Ukraine as much as one would think 🤷 it really pains me for the people suffering, but global markets are reflecting so. Look at the American s&p500, Canadian TSX, Australian ASX, German Dax, UK FTSE. Also inflation is over, Powell himself has confirmed that we’re set to start cutting rates about halfway through the year (2-4 months before the election). High prices in goods such as milk and eggs are here to stay, but things like oil are way down compared to their high prices in 2021.

colliric

I gotta try fix my local ASX Aussie stuff. I'm down 25% and it's getting worse. Use to use my Nasdaq stuff and Bitcorn as an excuse "I'm up overall". I have two choices: Tax deduct sell stuff or put into a Nasdaq ETF on my local market and keep what I bought.

Martin_Birch

Lots of research. If you have access to the ASX checkout recent announcements from BEZ. I am free carried on that one now but it is my biggest position.

Spiritual-Sir-8221

ASX: VR1 - oversold, set to capitalise from the Apple Vision Pro due to Apps they have been working on.... promising future now that VR/XR/AR is making news - get in early boys and girls... looking like it's ready to break out ... DYOR

pedrocudi

Would you say those are safe picks? Maybe more diversification? I would like your opinion. Will take suggestions, relatively new to investing. PBR.A (35.25%) LLY (13.38%) WHC.ASX (14.6%) HCC (20.87%) AESI (15.9%)

roguetrader05

$PLTR just announced a 3 year deal with Coles Supermarkets Australia Pty Ltd (ASX: COL) . Coles is the Walmart of Australia with $41 billion in Sales in 2023. Read [PR her](https://investors.palantir.com/news-details/2024/Palantir-Partners-with-One-of-Australias-Leading-Retailers)e or this [listen to this dude](https://www.youtube.com/watch?v=pINOZMR6UDk)on yt break it down. Bullish on $PLTR earning on Monday!

Front-Difficult

You either buy them years earlier, when they're still high risk but have a lot of potential, or you don't catch them. You're never going to catch them the week before they skyrocket - that's a fools game for problem gamblers and inside traders. Take an ASX (Australian Stock Exchange) listed med-tech company "Microba Life Sciences" (ASX:MAP) for example. They're a gut biome company worth $0.18 (Market Cap $68m), and are hemoraging cash. They're a minnow, and a super risky bet. At this rate, with only a few million in revenue a year, they will need to do a capital raise every year. Each year they don't pay off your position is going to be less valuable, and less valuable - you'll be punished for being early. Their established business is small potatoes - they make a few million a year in diagnostic tools, and have a profitable but very small market bioinformatics business that's unlikely to grow enough to sustain the business. But they're also maybe half a decade ahead of their competitors in gene sequencing and understanding the gut biome. They are better at identifying what is in your gut, and know more about each species in your gut (what is good, what is bad, how to affect your biome to manipulate those species, etc.), than any other university or competing med tech company on Earth. And they have three thereputic drugs in trial. In 5-10 years this could be the pharmaceutical company everyone has heard of that owns the cure to IBS, bowel cancer and childhoold dietary allergies. Or they could own just one of those cures, known by only the people paying attention medical industry stocks. Or they could be bankrupt and forgotten. The day after one of their thereputic drugs gets the green light they go from a small diagnostic/data company supporting big pathology companies with an unsustainable R&D spend, to the most cutting edge pharmacutical company on Earth in a growing area of medicine with very few competitors realistically capable of catching up to them. Their stock will moon. What day is that? Who knows. The news could come out tomorrow, it could come out in 3 years, it could come out never. If you want to catch that stock before it grows 200% you need to buy before the market changes their position from "unlikely moonshot" to "sure thing", and the reality is you're never going to be smarter than the market. You need to buy when they're still an unknown, and hope you picked the winning lottery ticket.

GNuLLiF

It’s 88E in ASX

thedutchrep

I think it might be the exercise the right to purchase additional shares. Impact on the share value I guess is that this event could suggest a lack of faith by investors in the company? It’s ASX:ETM (energy transition minerals)

ikstrakt

> Computershare is Australia's largest share registry with over 800 ASX listed companies using its services. https://www.marketindex.com.au/share-registry/computershare

Kaymish_

Rio Tinto. (RIO) trades on the ASX LSE, and the NYSE.

Prestigious-Bus-2543

ASX:fmg 👀

martytheone

I like Lithium Energy Limited (ASX:LEL). They have tenements right next to Lithium Americas in the Solaroz Salar in Argentina's 'Lithium Triangle'

Kaymish_

I really like whitehaven coal, and yancoal. Both of those are on the ASX, so you might want to find something that works better with your jurisdiction.

AcesInThePalm

I don't get how this works 🤷‍♂️ Google is no help, i mean, it is, but nothing there explains this exact situation. We don't get options on aussie (ASX) stock, I'm very new to trading in US stocks. This has me intrigued. Good win by the way OP. 💪

innatangle

My main copper play is a junior miner on the Australian Stock Exchange called Coda Minerals (COD:ASX). Its board looks as though it has a history of delivering, they have an excellent discovery in South Australia (chances of disruption due to political unrest/regulatory hurdles are low). Looks to have a decent Cobalt discovery as well. I've been meaning to do a proper DD.

sleepwalktalk

It only matters that you don't lose money It's nice to hit a 10x It's nice to hit a 3x It's incredible to consistently make 20% p.a nett on any investment It's nice to just keep adding money to index funds consistently for 10+ years & check your balances once a year It's never much fun selling for a 20% loss It's worse still if you watch a stock take 90% or more of your capital away on paper 10 years should have given you enough time to understand yourself, markets & trading vs investing Maybe allocate 10% or less of your money to picking stocks & 90% or more to index funds Once you can consistently beat an ASX 200 or USA top 500 or USA top 200 index fund performance, say 5 years in a row, then you might consider allocating more than 10% of your capital to stock picking It's very hard to CONSISTENTLY outperform index funds - though there is variance in fees & weighting of stocks within funds You don't need to pick stocks to grow your capital over the longer term You don't need to make 20% or more p.a. on every trade or investment You just need to outpace inflation & be able to sleep well at night For most people index based investing over decades with a set & forget mindset where funds are regularly invested based on budgeting & living within your means is the best approach to maintaining & growing wealth

Martin_Birch

Copper ... Buy those that have it! My favourite Cu play ATM is American West quoted in the ASX under AW1.

_ohmylanta

What does an aggressive investing strategy look like?? Hello, I (27F - Australia) am new to investing. I’ve been listening to podcasts and audiobooks about investing & finance the last few years but have never really made the leap in any big way. I have a very small portfolio- about $17k cash, $10k split between ASX and the S&P, and about $8k in crypto (+25k super which I’ve allocated 75% growth & 25% defensive. My super is small because I’ve only been in Australia for 5 years) However, I’ve recently accidentally stumbled into a job that pays pretty well (~140k), especially for someone with no qualifications. I’m debt free and essentially have eliminated all my life expenses besides food & vehicle-related expenses (which I split with my partner). I see this as the only time I have to really be aggressive with my investing, seeing as I have no kids and almost no expenses, allowing me to save/invest about 2-2.5k per fortnight. I’m finding this increasingly important because I’ll be out of the workforce in 2 years when I have kids. So, my very dumb question now is what would be signs of an investment that align with an aggressive strategy? I don’t really want to just keep dumping money into the S&P, right? I want to really sink my teeth in, but unsure what that actually looks like in practice. TLDR: I want to be aggressive with my investing this year, but what does that look like in practice?

angrathias

Pensinsula energy ASX:PEN was at +31% for part of yesterday alone, settled around +25% EOD

Ill-Ad-1643

What’s your cost basis ? And how long have you been long ASX:ETM ?

Loose_Screw_

You've got ASX, TSE, LSE, crypto. Should be more than enough to scratch your itch for a day.

Affectionate_Tap1718

I had one like that when it moved from Aim to ASX.

Professional-Mud-519

Endeavour group is list on the ASX with market value of around $10b and high volume, I think it’s meet the rules. But Joyce maybe break this rule as low volume. Sorry about that.

StacksGod

LTM is on the ASX as a CDI. $11 a share atm

Bitter-Substance-645

Looks like European Lithium (i.e., EULIF, EUR.ASX) is about to take off with their latest news (up over 30% on the ASX tonight). Been following them for more than a year and it looks like this deal represents an inflection point for them. [SEC green lights Wolfsberg merger worth US$750m for European Lithium - Stockhead](https://stockhead.com.au/resources/sec-green-lights-wolfsberg-merger-worth-us750m-for-european-lithium/)

watr

It's about the traders at the ASX in the late 90s, in the weeks just before they shut-down floor trading. It is so full of some amazing quotes. Mainly from a famous trader named John (Rambo) Moulton. Highly recommend watching it! You'll love it!

sleepwalktalk

Yahoo finance is always right Big 2024 crush Won't matter if it's S&P 500 or ASX200 or FTSE or DAX or doge 2024 is a big crush Everything will crush in 2024, fill up your Santa sacks There's a mega crush coming & Yahoo finance wants everyone to be in on it

WSB_Suicide_Watch

The forget about it for 3 years has me hung up. I do well in the market, but not sure I can recommend a stock I would literally forget about for 3 years. The closest thing I could recommend that you could forget about is PIMIX. Maybe something like a BRK.B would suit you. Something like a UNH is fairly conservative, but you never know. Other companies I like, but am going to re-evaluate this week are ASX, NUE, UNTC, AMD. There isn't a single one though that I would let just sit there without researching at least monthly. So many things can change that can sink a stock. I mean NUE is rock solid unless something happens with steel tariffs.... but that could happen, and I'm not sure I would enter at this price or wait for a drop. I am spending all my time currently on a stock that could easily go to $0, but also has the potential to go up over 100X, so I'm probably not the best person to be answering, but I feel obligated to give you something to look into since your post isn't getting much in the way of ideas.

Moaning-Squirtle

Beating the market is still hard. It was not obvious to pick Apple 10 years ago because it was widely seen as a pretty stagnant company. It's easy to look back and say, well you should have just picked QQQ or AAPL, but you had no way to know that. You can easily do a test, which company will be the winner in the next 10 years? You can say AAPL, and maybe it will beat the market but maybe it won't. You simply don't know. Hell, the best could be ENPH, OXY, SHOP, or whatever, and you'd almost certainly be wrong. Only ~20% of stocks outperform the market over 20 years. The US market generally refers to the S&P 500 because most investment forums are based on the US market. However, if you are investing in UK stocks, the market benchmark would be the FTSE 100. For Australian stocks, it would be the ASX 200. The market refers to the benchmark for the exchange you are picking stocks from.

No_Efficiency486

Own ASX.shares 36. In total (75,000).no etf

sleepwalktalk

This happens in Oz still & ASX charges a fee for direct access & priority order execution Apparently it's good for everyone & stabilises the market 😂

colintbowers

I’ve been playing the uranium game on the ASX for the past 2 years. It’s been my best play. Not sure how easily you guys can access ASX stocks though - but we’ve got heaps of uranium stocks. FYI I currently have no positions as I sold out at the peak a few weeks back and am crossing my fingers the price comes back down so I can get back in.

Namber_5_Jaxon

Not wrong a lot of green dream companies out here, imo seems lot of them are gonna be losers with the way their balance sheets are ect. Looking for a play on ASX:CPV Clearvue technologies who makes and produces sea through glass solar panels, that can be made on traditional glass manufacturing lines with only slight adjustments. Making deals and will soon have feasibility studies showing definitive proof to the sectors it wants to penetrate what the tech can do. right now they're market cap is to high for what they have actually produced and shown us for my liking so I'm praying for a decent correction after recent runup for an entry.

Miineralmaven

Fuse Minerals' decision to go public with an Initial Public Offering (IPO) and list on the Australian Securities Exchange (ASX) in early December 2023 signifies a significant milestone for the company. This move allows them to raise capital, in this case aiming for $10 million, which will be instrumental in funding their ongoing and future exploration activities.

Elenamarianaa

By opting for an IPO, Fuse Minerals opens its doors to public investors, providing them with the opportunity to be part of the company's growth journey. The ASX listing offers a platform for investors to buy and sell shares, fostering liquidity and enhancing the company's visibility in the financial market.

Inevitable-Break-462

4DS ASX buyout on new tech is imminent. At 12c, should get to between 90-1.20, either WD or Samsung .. which would equate to a one billion dollar sale on this sleeper. That is of course unless this thread goes viral and reddit users pile in now.. that would be a different story now wouldn’t it

Bobthebrain2

NHE (listed on ASX). They just completed their first drill a few days ago and the results are looking promising.

maximiseYourChill

BNPL is a feature not a business. If you are considering investing in BNPL its worth taking a look at what happened in 2020/2021 on the ASX. Absolute text book euphoria mostly driven by retail investors. The common thesis was "it's in every store!!!". But they never stopped for a second to understand the businesses model, and if you asked they came up with fanciful shit like "they will own the transaction and advertise" and all this absolute nonsense. I'm not sure what sort of clever accounting Klarna used to "turn a profit" but no-one who starts these BNPL businesses seem to want to stay in it. They want an exit ASAP. Arguably the best exit of any start-up founder(s) in history was Afterpay when they dumped that steaming pile of shit on Block. Down some 80% since then. But thanks for the heads up. Might be worth following for a short.

elgigantedelsur

Wildcat (WC8). I bought it at 0.26 on the ASX and sold for 0.385. Felt pretty happy with myself. 6 weeks later and it’s now 0.955

Namber_5_Jaxon

True I'm Aussie so split between ASX and NYSE/Nasdaq listed stocks but I had no clue about that god damn

SPAC_Time

[Carbon Revolution (ASX code: CBR) Transaction Update](https://www.sec.gov/Archives/edgar/data/1840353/000114036123050508/ef20013719_425.htm) \- TRCA TRCA.WS "Implementation of the Transaction will occur on 3 November 2023 (New York time), subject to confirmation of satisfaction of outstanding conditions."

neatnoiceplz

Yeah fair enough, I think it hasn't reached new highs yet because of * Dilution * Lack of trust in the logging program, once bitten twice shy mentality * Low interest from non ASX sources, as IVZ seem relatively unknown/unloved outside of the ASX All of which should be smashed out of the window next week if IVZ declare a discovery and can produce net pay numbers from a successful wireline program.

Interesting-Run8176

There's an anti-drone company called "Dronesheild Limited" that has a good looking future. (IMO) The ticker is DRSHF and it's Australian based. The ticker on the ASX (Australian Stock Exchange) is DRO. Go to the "Hot Copper" website and hit discussions and it'll tell you about it.

BlowyAus

FMG.ASX 9% divs and 2% on covered calls. $22 share covered $26 calls at .54c If it is executed you make 20% in 3 months. If it tanks collect divvy and premo. And wait for next run up.to go again. I think it is infinite.money loop but surely something will f it like ww3.

Cantwaittobevegan

But they don't have anything yet. Just plans, it's rather risky, especially considering it's ASX. But I guess worth to follow it anyway.

Aberr0

Renascor $RNU (ASX) 2nd largest proven reserve in the world, with plans to build accompanying battery anode plant. https://themarketherald.com.au/renascor-resources-asxrnu-confirms-siviour-as-largest-ore-reserve-of-graphite-outside-africa-2023-08-24/

Cantwaittobevegan

So they planning to ''ban'' exports in december, but also will require export permits, so it's not a true ban. However this is a good wakeup call for non-chinese companies to look elsewhere. Unfortunately there really isn't many good companies. The best one I could find is Canadian Nouveau Monde Graphite, $NMG, but this is only 200m Marketcap. Sure it could potentially skyrocket because of the smallcap, but the company just isn't big enough to make things at scale. One positive note though the CEO predicted in August that companies will be paying a premium for North American graphite, which seems to become more of reality with these Chinese export restrictions. This means it's way morelikely they will finally get what they've been asking for, even if the profits will be many years away. I doubt they'll be able to scale it up properly unless some big investors take this seriously. There's also the Australian Novonix, $NVX with a marketcap around 400m$ and although it doesn't have a shitty French name but actually a good name, it's still an ASX stock, so caution.

elgigantedelsur

There’s a few on the ASX. Syrah, Sarytogan etc. have a look on stockheads.com.au or the Hot Copper forums

ConversationHot1642

Oh shit! Same here. I was up 20k the day after Easter when the ASX was closed then lost almost all of it that night when the news came out

SPAC_Time

[Carbon Revolution (ASX code: CBR) SPAC merger vote approved by shareholders at today’s Scheme Meeting, strong trading update provided](https://www.sec.gov/Archives/edgar/data/1840353/000114036123048358/ef20012634_425.htm) \- TRCA TRCA.WS "The Transaction is expected to be implemented 30 October 2023, subject to satisfaction of conditions precedent."

Stinkpretzel

ASX is following the sun...the sun says fuck your puts

Mast3rfinish25

All my ASX tech stocks absolutely dumping down 3-6%  All my ASX energy stocks 

elgigantedelsur

This was me a couple of years ago. I cashed everything in and put it into ETFs and let it sit (appreciated quite nicely this year). Just three weeks ago I hit the bug again off buying some ASX lithium exploration companies with mates (got +60% on one stock in week one which helped). So I’ve reopened a small “fun” account like yours. When the bug fades again, I’ll once more cash out and put it on the mortgage this time!

elgigantedelsur

I turned $3500 into $4500. Mostly due to a lucky put on DG that went 300%, an Australian lithium exploration stock that went + 60% (you should have a look at small cap mining exploration on the ASX, that shit is wild). The rest was rats and mice, some ups some downs but not too shabby for a fun account.

EducationalGap3221

>By that model, SPY is about 25% overvalued and is fairly priced in the low $300s. Admitting I'm no expert here, but was calculating dividends on some blue chip ASX stocks, and it seems more profitable to have cash in 5% savings account. So yeah, was kinda thinking stocks are over-valued at the moment.

crankbird

mining exploration companies with multiple prospects in things which are likely to be both in high demand in about 5 years, and reasonably cheap to extract .. examples are rare earth clays high in things like Dysprosium or Graphite. A good example is ASX:ITM .. well down on its high of about AUD 51c currently trading at about 15c. The minimum initial investment is $500AUD and it's down about 9% today. This is a good example because it demonstrates the kind of volatility that can lead to a tidy profit or moderately painful loss in the short term, (just like the OP's post) but which still has remarkably good long-term prospects if you're willing to wait a few years. Best case you end up with something like Fortescue metals that traded between five and thirty cents from '87 to 2004, then went to $10 over a two year period, and is currently sitting around 20, or maybe you end up with Pilbara Minerals who "only" went from 20c to $4.00 ... meanwhile for those who got in early the dividend stream after they became profitable was enough to repay your initial investment many times over every year for the last 20 years. It's my "get rich reasonably fast" plan.

littlebravestainee

ASX:age uranium stock. Modern world is energy hungry.

crankbird

Im in IT. But a good friend of mine is in the finance industry and I used to play poker with senior folks at JB Were so you get the occasional idea about what works in the Oz market and what doesn’t. When I asked why it’s almost impossible to raise venture funds for IT they told me some things that stick with me 1. Australian venture finance tends to go to mining because it’s one thing australia really does well. A lot of US and other countries mining startups tend to list on the ASX because our investment community gets it, and aren’t afraid of putting money into penny stocks and waiting 5-10 years for a payoff 2. The debate around energy transition in Oz is pretty open and diverse and it became pretty obvious that the only way to make renewables work was to make a huge investment in energy storage. In North America and Europe you have lots of good options for pumped hydro .. Australia is too dry and flat for that to be an option, but we have shed loads of really awesome wind and solar sites. In Australia alone that will require about $150 billion in grid scale batteries to get to about 97% VRE, and that’s before electrification of transport or industrial heat. Sometimes arguments on Twitter can be very helpful (in my case it was about nuclear power with a major investor into wind turbines, he really knew his stuff) 3. Regardless of your opinion about Musk, electrification of transport is a mega trend ..personally I think he’s a dick, and Tesla is massively overpriced, but my great grandfather made good reliable money selling eggs to gold miners (who apparently were also dicks) at stupid prices, from that I learned that massive success in one area, often creates scarcity in another and that that can be a great source of wealth So I put that all together and started researching how long it takes to go from prospecting to production, which metals were likely to be in the greatest demand, who the major players are now, for example did you know boron which is essential in batteries and portable electronics is only mined in two areas ? One mine in the US that supplies almost a quarter of all the boron in the world, and another smallish area In Turkey. Also the global nickel price seems to be gamed by one dude in China ? I spread my bets on all of these around, keep an eye on the news and invest in folks surrounding major finds. I lose more of those than I win, but when i win it more than offsets the losses, and I enjoy the research.

pushmetothehustle

Main ones are CMC (UK company), FPMarkets (Aus company) and IG (UK company). I've used CMC and FP. FPMarkets is DMA (direct market access) so you can bid on the opening auction etc for ASX stocks.

MamamYeayea

Your gdp fell by -10% and your unemployment rate doubled. Your stock index ASX 200 fell -50% and took 12 years to come back to previous highs.

elgigantedelsur

Real gamblers throw down on lithium explorers on the ASX. That shit is crazy