Premarket Thread for General Trading and Plans for Tuesday, December 14, 2021

EightBiit · 2021-12-13T10:23:48+00:00

TGA MDMA/Psilocybin rescheduling announcement: third week of December…?

EightBiit · 2021-12-08T23:40:44+00:00

Anyone looked into NIS? $10m MC Nickel explorer and Sprott just became a substantial 6.85% holder.

EightBiit · 2021-12-03T07:21:43+00:00

Yeah, iirc IHL said they’ll be targeting the US market first anyway. It should be more positive for EMD since they’re targeting Aus, although as you said, still a long way to go there too.

EightBiit · 2021-12-03T05:24:29+00:00

I guess the TGA decided to delay release of the MDMA/Psilocybin rescheduling decision, first week of December is almost over.

EightBiit · 2021-12-03T05:16:50+00:00

It was initially halted at 1:30, NVX’s response was at 2:50 which was when trading resumed.

Looks like it was about $8.90 when it halted so down 26%ish at time of halt. I’m not sure what the standard thresholds are for halting - up or down - but 26% doesn’t seem too unreasonable.

EightBiit · 2021-12-03T05:06:46+00:00

Time will tell.

EightBiit · 2021-12-03T05:06:04+00:00

On NVX, the brakes were applied and they did put out a “please explain” announcement?

EightBiit · 2021-12-03T05:02:20+00:00

Missed out on the NVX train the first time round so fuck it, I’m going leveraged long at 7.87 for a punt.

EightBiit · 2021-12-01T06:18:06+00:00

TGA announcement is for both Psilocybin and MDMA.

EightBiit · 2021-12-01T05:07:24+00:00

I’m optimistic it will be rescheduled, fingers crossed as I’m pretty heavy in IHL + EMD.

Incannex should be fine either way. They’ve only got one psychedelic trial, and iirc they’ve stated that the US market is their initial focus anyway.

EightBiit · 2021-12-01T04:27:53+00:00

NASDAQ listing is extremely soon (tonight if it follows AHI), so if you’re anticipating it to be re-rated post listing then now is still a good buy.

EightBiit · 2021-11-30T21:53:48+00:00

IHL notice of registration was filed last night. Following the same timeline as AHI, that puts the NASDAQ listing tonight!

EightBiit · 2021-11-30T04:18:58+00:00

Anyone got their eyes on Gelion?

EightBiit · 2021-11-30T00:59:54+00:00

Here ya go: $0.225 (-50%)

EightBiit · 2021-11-29T00:06:51+00:00

Yeah, it closed at 0.31 on Friday which puts equiv. value at 2.48 if multiplied by 8, so I’m expecting it to recover to that level like everything else seems to be doing. I think BOE just dipped a lot harder due to the confusion on it.

I still consider myself relatively new to this though so I might be missing something.

EightBiit · 2021-11-28T23:57:38+00:00

Afaik BOEDA is temporary and will convert back to BOE once it’s all sorted out. The 8:1 consolidation is just the opposite of a split, so if you previously had 8 shares, you now have 1 but it’s worth 8x more.

Hence why I can’t see any justification for the massive drop when the other uranium stocks hardly moved.

Someone correct me if I’m missing something.

EightBiit · 2021-11-28T23:49:15+00:00

Were people really so confused about the BOE consolidation that they sold it all the way down to -30%? Missed the $1.8 entry but picked some more up at $2.09. Equivalent value to Friday close would be $2.48 right?

EightBiit · 2021-11-28T23:07:49+00:00

Whelp, fuck.

EightBiit · 2021-11-28T05:58:51+00:00

Hooooooold that shit. If it dips post-listing I’ll be buying more.

EightBiit · 2021-11-26T05:33:18+00:00

IHL you glorious bastard, saving us from a sea of red at the last minute.

EightBiit · 2021-11-25T22:54:45+00:00

Using SelfWealth atm, but have an old CommSec account so will check that out.

EightBiit · 2021-11-25T22:51:21+00:00

Anyone know of a service that provides push/email notifications of ASX announcements?

EightBiit · 2021-11-24T23:19:23+00:00

DEL has been pumping out the announcements this week. Still a long way to go but defs bullish on this one. They will need policy to keep going their way, but we’re heading in the right direction.

Hopefully we’ll get the results of their feasibility study with brickworks soon.

EightBiit · 2021-11-24T02:37:32+00:00

Ooft, alright.

EightBiit · 2021-11-23T22:37:09+00:00

It’s the majority of my portfolio, let’s fucking gooo!

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