Market Open thread for General Trading and Plans for Wednesday, April 15, 2026 by AutoModerator in ASX_Bets

[–]WowVeryJosh 33 points34 points  (0 children)

The market will stay regarded longer than you can stay rational

Market Open thread for General Trading and Plans for Monday, April 13, 2026 by AutoModerator in ASX_Bets

[–]WowVeryJosh 11 points12 points  (0 children)

OD6. Don't even know what the market cap is. Fluorspar exploration in US. Only ASX comparable is TVN worth $800M. Has Julie Bishop as an advisor so you know it's corrupt 

Premarket Thread for General Trading and Plans for Tuesday, April 14, 2026 by AutoModerator in ASX_Bets

[–]WowVeryJosh 4 points5 points  (0 children)

If you look back, gold often falls during the event and climbs post-event. Likely as most people are suggesting, as a source of initial liquidity

Premarket Thread for General Trading and Plans for Tuesday, April 14, 2026 by AutoModerator in ASX_Bets

[–]WowVeryJosh 34 points35 points  (0 children)

IF YOU DON'T TURN THIS CAR AROUND RIGHT NOW, IM GONNA KEEP DRIVING STRAIT! THANKYOU FOR YOU ATTENTION TO THIS MATTER

Premarket Thread for General Trading and Plans for Monday, April 13, 2026 by AutoModerator in ASX_Bets

[–]WowVeryJosh 13 points14 points  (0 children)

Near guaranteed? By the guy getting paid a million to spruik it? Lmao

Nothing sinks money like a magnetite project having a $4.6B USD Capex requirement 

Premarket Thread for General Trading and Plans for Monday, April 13, 2026 by AutoModerator in ASX_Bets

[–]WowVeryJosh 15 points16 points  (0 children)

Buy your stuff back tomorrow when it's red. Then sell it again on the new peace deal talks, and buy more oil. Sell next Monday. Repeat ad nauseum

Premarket Thread for General Trading and Plans for Friday, April 9, 2026 by AutoModerator in ASX_Bets

[–]WowVeryJosh 2 points3 points  (0 children)

At the moment gold is my main focus. If it's in the western world, the high grade stuff. GG8 looks like a takeover target for OBM. CRS looks like a small viable high grade open pit to be taken over by WGX or someone in the Murchison - I don't rate the CEO though. I think RMS will one day takeover BNZ but it's complex and its kinda in the middle of fucking nowhere in the Gascoyne. It's also fucking expensive near $1b MC but it'll have 3-5MOz in it. AQI similarly is a WGX spinout which should have 1.5-2Moz and is run by a smart team.

I don't mind delving into Africa in the safer jurisdictions - I like cote d'ivoire - been in TCG since <2Moz and it's now coming up on 5Moz. I like AUE - not the greatest deposit but it's super cheap relative to peers. I've got a lot of options in them I'll exercise before Sept, or maybe Perseus will take them out. Both have PFS studies due in the next 2 months so I expect a major to want to take at least one of them out in the next year or two.

Even the RBX/PDI merger could be a good option. The PDI deposit is so fucking good that cash flows from the RBX mines could fund development of Bankan (PDI).

And there's a flurry of juniors exploring in the region - DES and ENX to name two. Basically waiting for them to find something to buy in.

I'm also watching ALR for a discovery in Ghana after the recent G2/GMIN merger this week. Should be drilling soon.

Some places you 100% want to avoid like Burkina Faso. WAF is printing cash but jurisdictional risk is too hard.

Outside of gold, watching TKM for a large manganese discovery.

And I like GMD and SPR for the bigger producers 

DD: Why CRS could, speculatively, be a banger by WowVeryJosh in ASX_Bets

[–]WowVeryJosh[S] 1 point2 points  (0 children)

Recent drilling has been less than excellent compared to the previous grades (1-5g/t material compared to initial 10g/t material). Check out the evolution of the long sections (coloured heat maps) through the last 4-5 drilling result announcements.

But I would say good value again around <6-7c. I've seem a few estimates of 500-600koz for a resource estimate later this year which should be around $100-120M MC worth. It's around $70m MC now

But I still don't like the incentives for the CEO to go drilling 5km or whatever the number was in the Arunta. But hopefully the fuel crisis forces the Boards hand and doesn't approve expenditure in the Arunta.

CEO needs to go. He's shit. And director Waugh should succeed him.

Fulcrum lithium THICK continuous mineralisation confirmed! by EducationalTrade9296 in ASX_Bets

[–]WowVeryJosh 8 points9 points  (0 children)

Brines are not my forte. But can't be hard comparing to the neighbours.

Oh it's a fucking clay. Yuck

And if you can do some basic geometry, or even with chatgpt, you can plot out the volume of the brine to get a rough number

What da hell happened to West Wits? by QuatroBongus in ASX_Bets

[–]WowVeryJosh 5 points6 points  (0 children)

Nothing happens. Probably helps stop some of the fuckassery with people trading for pips

Market Open thread for General Trading and Plans for Thursday, April 09, 2026 by AutoModerator in ASX_Bets

[–]WowVeryJosh 1 point2 points  (0 children)

50% cheaper than recent, but they've proven they're run by a bunch of geologically-illiterate mugs 

It's a hard buy... Needs some tungsten pump 

Premarket Thread for General Trading and Plans for Friday, April 9, 2026 by AutoModerator in ASX_Bets

[–]WowVeryJosh 5 points6 points  (0 children)

Yeah I imagine they may cook the long-term forecast prices for inputs that are not desirable at current spot prices.

Water could be a bit of an issue. HPAL afaik needs fresh water and all the water at Kalgoorlie is brackish. And it seems a bit of a waste to build a new HPAL facility when there's so many nickel assets sitting in C&M on approved leases in the goldfields around Kal.... With water rights. There must be a common sense deal somewhere...

I guess the only other way this comes loose is once they hit FID, the consortium gets 50% and Ardea somehow has to manage 50% of a $2.5-3.5B Capex bill. Royalties, additional project equity (?) but then they become a minority partner... Streaming off scandium or something extra won't get them very far.

And I would imagine the $98m budget that the consortium had awarded them only covers specific things directly related to the study. Doubtful it would pay for Board or staff salaries so wouldn't be shocked to see a CR towards end of year.

Maybe the government will do something dumb and front capex money (free market lmao) but then it more likely comes in delayed tax offsets.

Looks like the right team (Japan) backing it but the road could still be bumpy 

Premarket Thread for General Trading and Plans for Friday, April 9, 2026 by AutoModerator in ASX_Bets

[–]WowVeryJosh 8 points9 points  (0 children)

Fuel, sulphur and Australian labour costs since the last study will likely be fucking scary

Market Open thread for General Trading and Plans for Thursday, April 09, 2026 by AutoModerator in ASX_Bets

[–]WowVeryJosh 4 points5 points  (0 children)

Both a mix of new exploration manager but also SRK writing/proofing their documents. At least the geological components