AFF Member Stock Discussion

MARTINE

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Apr 6, 2018
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I only trade what I can afford to lose and successfully have managed my equities for over 30 years. I buy regular stocks at all prices but especially when lower. I don’t short and avoid selling out when everyone else does… we all do what works for us
Also glad I bought heavily in 2020 very much against the trend - but we all do what we’re comfortable with and suits our circumstances😀
 

Mr_Orange

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Jun 17, 2013
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Also glad I bought heavily in 2020 very much against the trend - but we all do what we’re comfortable with and suits our circumstances😀

Yes, as it turns out, buying after March 2020 turned out to be excellent for many, many stocks. I was otherwise distracted and did not get into many stocks at that time or later in the year.
 

cove

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Today the Rubicon Water allocation was received and we received 30% of the application.
Pepper result was quite ok so with the averaging down buy we are better than square.
Now we are hoping for an Australian dollar rally.
Our ANZPD buy was a small mistake and that resolves itself on September 1st.
Have just waded thru that big Reece report tonight. Quite a complicated document so we will wait for analysts comments.
 
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cove

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With Reece which is REH they dropped sharply today. We guess the market wanted much more profits despite the pandemic and crazy supply issues.
 

flydoc

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Apr 24, 2015
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Wisetech Global WTC, which provides software solutions for global freight and logistics surged almost 60% at one point today, and finished almost 30% up on yesterday’s close, after announcing a solid FY21 result and encouraging guidance. Benefiting from the current reduction in air cargo capacity among other things
 

CTT

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Jun 26, 2020
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anyone in LPI here?

I've been in GLN and LPI for a while now and still holding for Li/EV play.

LPI seems significantly under valued compared to the other Li players in South America, especially with the quality of their assets. They just did a capital raise at 26...I believe shares to come out tomorrow, so may see a drop...
 

cove

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Reading thru Acorn’s report which is ACQ there is a list of their shares on page 61. They had a very good year.
Yes we have LPI.
Must read more on Yojee whiich is YOJ as Thorney people are buying.
 
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cove

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Yes we do but we have only kept the high earning ones and have trimmed because interest rates will start climbing next year.
ANZPD finish on September 1st and we are not bothering with the latest ANZ series.
 

cove

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Well we took the monkey off Novonix’s back and up they went Without us being on board.
We went for Touch Ventures which is a new float from Bell Potter. The offer closed very quickly as it got rushed.
Adore Beauty reported bugger all net profit but sales up a lot. They are trying for a net profit of between 2% and 4% off a 33% gross profit.
Mrscove’s favourite Booktopia had great sales but quite a loss…..
Tomorrow Resimac is reporting and others have done well in the mortgage market.
 
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cove

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Participated in the Resimac management call this morning. Great figures and a very good plan. Costs have dropped and profits surged so we really like that. We take their dividends in shares and that has proven to be a good idea.
 

cove

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Participated in a call with Acumentis following their ASX update. ACU is going well.
Rubicon Water started trading today. We were going to buy the ones we didn’t get in our application but they listed a bit high to do that.
Bellevue Gold offer @85. We decided just to do the Share Purchase Plan rather than the placement.
Took up the Bigtincan share issue today.
 

cove

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Changed our view on Bellevue Gold so we bought some @0.855 instead of going 0.85 in the placement. That cost a little bit but we didn’t have time to read the published facts on the proposed new gold mine. It read better than we expected.
We bought BHP, MLD and Cyclopharm yesterday as we had the ANZPD redemption funds to re-invest.
Cyclopharm should get FDA approval within a year.
BHP @$42 ex dividend should be ok. Took quite a price drop and we had sold them a few years ago at $39.
Maca MLD was ex dividend.
 

RooFlyer

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Changed our view on Bellevue Gold so we bought some @0.855 instead of going 0.85 in the placement.

I can’t say anything about the pricing, but this opening statement on their web site is a shocker, IMHO.

The Company has a global JORC Mineral Resource of 3.0 Moz at 9.9 g/t gold, including a Maiden Probable Ore Reserve of 2.7Mt @ 8.0 g/t gold for 690,000oz, making it one of the highest grade gold discoveries in the world.

I’d have to check but it looks in breach of the JORC code and if so, possibly the corporations law.
 

cove

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Good pick up @RooFlyer on Bellevue Gold. It really pays to read everything you can.
We are in Bellevue Gold now and we will probably take up the share purchase plan from an earlier purchase.
We are encouraged by their loan getting approved. The level of difficulty of getting this mine going seems to be high. If it works the returns are projected to be pretty good.
 

RooFlyer

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High grade gold is good - but call me a nit-picker when it comes to stating resources and reserves. For those who didn't pick it up - they say, on their front page of their web site:

The Company has a global JORC Mineral Resource of 3.0 Moz at 9.9 g/t gold, including a Maiden Probable Ore Reserve of 2.7Mt @ 8.0 g/t gold for 690,000oz, making it one of the highest grade gold discoveries in the world.

My bolding, which I think is an odd thing to write. Resources and reserves of gold mineralisation are usually (?always) stated in so many tonnes of mineralisation at such-and-such a grade. So, looking at the table published in their 21 July 2021 ASX announcement of upgraded Resource figure:

1630920662116.png

I would have expected them to write

The Company has a global total JORC Mineral Resource of 9.4 Mt at 9.9 g/t gold for 3.0 M ozs, including a Mmaiden Probable Ore Reserve of 2.7Mt @ 8.0 g/t gold for 690,000oz, making it one of the highest grade gold discoveries in the world., making it one of the higher grade gold discoveries in the past XX years.

3.0 Moz at 9.9 g/t reads to me as: 3.0 mill ozs = 93.3 million grams = 93.3 tonnes. So 93.3 tonnes @ 9.9 g/t = about 300 ozs :( I thought the JORC code mandated reporting as tonnes @ grade but on a quick re-read it doesn't actually mandate it, so probably no JORC breach.

But, like I say, I'm a nit-picker (and a JORC 'Competent person' for over 30 years up to about 4 years ago).

Edit: their Diggers [opens a PDF] presentation is pretty slick!
 

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