Enter… HCH.
Like a phoenix from the ashes.
Back in 2017-2018 I had an investment in DGR GLOBAL…their most valuable asset was a shareholding in Solgold, a shareholding worth more than DGR’s entire market cap.
The big miners like BHP/Newcrest have also invested in Solgold, and I think they would be happy to buy that shareholding off DGR.
But it’s taken a long time, years since I last looked at it, as Solgold conducts mine feasibility studies or something.
Basically…I haven’t been paying attention, but I still think that a company trading at less than a shareholding they own, is illogical, and will eventually lead to a transaction…if anyone wants to investigate the current situation, work out the timing, and save me the effort, be my guest.
That’s why the Saudi royals are the biggest shareholders in Tesla.
I believe they have potential, but might take some time.
Aus Tin Mining
New Peak Metals
Armour Energy
Iron Ridge Resources - now renamed Atlantic Lithium on GBX
Also exploring in WA for lithium with Zenith
Yeah big oil won’t go poor. They will just divest.
Agree, they have plenty of it.
I remember hearing local elections may impact export taxes quite dramatically. Not too sure what came of it but they have the main points covered.
- great resource, soon to be high demand due to anticipated EV revolution, backed by Glencore, resource adjacent to the soon-to-be port for export.
Would be terrible luck to cop both the last crash and a pandemic+inflation crash whist still being a speccy.
I find this stuff really interesting. I’d say the difference is, with stocks you can verify that it’s producing something and you could potentially buy up a majority of stocks and then you could determine whether or not or how dividends are paid.
Bitcoin is a bit dodgier. On one hand bitcoin should be considered a ponzi scheme, but on the other hand it seems to be a better form of currency than fiat and it’s seeing a lot of mainstream adoption from institutions (even if it’s only 1% of their portfolio). Of course people could stop accepting USD around the world, it’s not really worth anything other than paying US taxes or buying stuff off the US government, and of course the US govt insist on paying their employees with it.
Then there is Etherium and a stack of others where if you want to run your business (like an exchange/bank/video game) on that platform then the tokens are required like fees for transactions, and so they do have value to developers and their customers, and as more developers/customers use that platform there’s more demand for the tokens, and they are making profits by spending the tokens. (Although it seems people buying up these tokens and holding onto them just seems like a jerk thing to do - like if someone was hoarding all the petrol even though they didn’t drive a car, or bought up all of the EFC memberships causing it to be scarce, farking over the people who need them).
I really wonder how the whole crypto currency will look in a decade from now. Will it just be a cool concept with no practical application, will it be joked about as a ponzi scheme that everyone knows about (those who got in early cam off best), or will volatility subside and and we all start using it as “internet money” or “a store of value instead of gold”.
There’s definitely a lot of people who believe in it, religiously, and a whole cult(ure) around it.
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Better day on the ASX today, Portfolio up 3.5%
The way the financial gurus talk about bitcoin, that looks like the one to be held similar to gold.
But I cant imagine the prices shooting up 1000+% from now on, they have been missed.
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My portfolio is up 2% today. Was up around 3% yesterday.
I’m expecting some pullbacks across the next few weeks, so I think the correction isn’t fully complete yet.
That should trigger a handful of stop losses to be fired and sold off.
We’ll see how things go.
BET seems to have bottomed. A lot of room to grow also with fixed odds betting in USA gaining steam. CEO bought 200k worth on market yesterday
Meta on sale tomorrow. Might be worth a look.
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I was listening to Bloomberg when the Meta result was announced…
They explained that Meta is losing users to rival platforms like Tik Tok, Instragram, Bomberblitz.
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Luckily they own Instagram. They couldn’t afford blitz though.
I am a bit worried about where this market is heading atm. There are lots of conflicting signs.
Any chartists in this thread?
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I can’t give you charts, but the general vibe from my research is we’ve had a stupidly strong period and now hitting headwinds across the economy. It’s going to be an overall flat 2-3 years with a lot of volatility.
From a @shanewright tweet - (the Age Economics)
Uh Oh.
Interest rates have already moved.
This is a fixed rates mortgage graph from Rate City.
Fixed rates are a pretty good match to forward expectations as it reflects their funding source whereas variable rates will go up more when the RBA raised rates.
I have a margin loan and purchased some shares last Monday/Tuesday…then I called my margin lender to enquire about locking it into a new fixed rate loan (for 1 year), and the rate was 0.50% higher than six months ago.
It was a bit of a wake up call for me…but in another six months time, the rate will be another 0.50% higher again.
You can see the market for Australian rates here. I’d encourage anyone with borrowings to look at this:
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What are the implications based on the rise over that period? Regarding margin loans