Share Picks 2017

Dardania · 28-09-2017 08:13AM

Prezatch wrote: »

Prezatch wrote: »

Another small cap stock pick in the junior lithium mining space I like is Argosy Minerals. This is a high risk, high return stock.

Trades on the ASX with a market cap of around 100m AUD, currently trading at 14.5c. They have recently obtained 26m of funding which fully covers the cost of the stage 2 pilot plant and apparently are on track to have this producing by March 2018. If this works out, it will be on to stage 3 (producing a much larger amount in larger plant). They have recently also acquired additional tenements for stage 3, a good sign that they plan to scale up. There is a good bit of hype around this stock at the moment and it is heavily traded. I think it could go to +20c very soon.

Posted that on 25th Aug. Today marks the day it has breached the '1 bagger', with the stock up 106% in just over a month. I have sold out at this stage as I think it's quite highly valued now. Still lots of euphoria around it but at the risk of this retracing back down a little, I think there are better places to put the cash.

My other tip posted last week (EUC) is up 34% - this still has more to give. I'm also long on BMT as b4mm mentioned earlier.

And my next tip will come soon - I'm trying to get the ticker registered on Degiro first.

The lithium/cobalt boom is well and truly in full swing - it's difficult not to make money.

It'd be great if there was an ETF for these...although I suspect by the time there is, most significant gains will have been made

Pawwed Rig · 28-09-2017 08:37PM

Dardania wrote: »

It'd be great if there was an ETF for these...although I suspect by the time there is, most significant gains will have been made

Mining stocks are very high risk. They are really all or nothing.

b4bmm · 28-09-2017 09:27PM

Dardania wrote: »

It'd be great if there was an ETF for these...although I suspect by the time there is, most significant gains will have been made

There is a lithium ETF.
I dont invest in it but I know there is.

I think its called - Global X Lithium and Battery Tech ETF

Dardania · 29-09-2017 07:06AM

b4bmm wrote: »

Dardania wrote: »

It'd be great if there was an ETF for these...although I suspect by the time there is, most significant gains will have been made

There is a lithium ETF.
I dont invest in it but I know there is.

I think its called - Global X Lithium and Battery Tech ETF

Ah good stuff - I see it there: https://www.globalxfunds.com/funds/lit/
Quite the TER on it...

Prezatch · 29-09-2017 07:46AM

Dardania wrote: »

Ah good stuff - I see it there: https://www.globalxfunds.com/funds/lit/
Quite the TER on it...

Exactly. You could easily make it yourself with the top 4 holdings making up over 50% of the ETF (full top 25 here - http://portfolios.morningstar.com/fund/holdings?t=LIT). It has seen strong performance largely due to SQM and FMC in recent months.

Prezatch · 06-10-2017 08:19AM

Prezatch wrote: »

Next pick is EUC, European Cobalt Ltd. This company is one of the few cobalt miners not located in the DRC which is the first positive. Secondly they have much higher grades than some of their competitors. Also today just announced a huge increase in the potential size of their flagship project - they acquired a large plot of land and when drill results come back for this, there should be strong upside. The price closed up 29% today at 11.5 so hopefully there will be some pullback tomorrow. Market cap 65m AUD so again, this is very high risk.

This one is now up at 0.26 (+126%) in about 2.5 weeks. Time to sell I think.

Prezatch · 09-10-2017 09:53AM

b4bmm wrote: »

My own average is higher than that, mid 40s but TAW is my biggest holding now.
It's on nobody's radar and expect it to rerate next month with resource upgrade.
Absolutely nobody is talking about it, all the talk is Pilbara, Galaxy and Altura.
Most definitely a smaller operation because they only own 50% of the project but when the MC of the company is $100M there is plenty of room for 2/3X over the next 6 months. Not to mention IMO the best mangement of may of the ASX listed plays, the main man wrote a book on Lithium back in 2007 so he knows his **** and I expect no issues or delays during commissioning.

I am now on the TAW bandwagon, seems like a no-brainer. Loads of funding, close to production and significant resource upgrade due this month. It's gaining a good bit of traction on twitter at the moment so excitement is certainly building. Currently at 34c, expect this to hit 50c very shortly.

will56 · 09-10-2017 01:13PM

Prezatch wrote: »

I am now on the TAW bandwagon, seems like a no-brainer. Loads of funding, close to production and significant resource upgrade due this month. It's gaining a good bit of traction on twitter at the moment so excitement is certainly building. Currently at 34c, expect this to hit 50c very shortly.

What platform are people using to trade on ASX ?

Prezatch · 09-10-2017 01:36PM

Degiro

will56 · 09-10-2017 01:39PM

Prezatch wrote: »

Degiro

This may be a stupid question then but how do I get the prices to show for ASX share on DeGiro ?
Just shows blank prices and no charts when I find different ASX shares

Dardania · 09-10-2017 01:49PM

will56 wrote: »

Prezatch wrote: »

Degiro

This may be a stupid question then but how do I get the prices to show for ASX share on DeGiro ?
Just shows blank prices and no charts when I find different ASX shares

Not a stupid question - I had the same. I think it's because the ASX is closed at moment, and Degiro only gives realtime info. You could use something like Yahoo Finance to get historical info

will56 · 09-10-2017 01:51PM

Dardania wrote: »

Not a stupid question - I had the same. I think it's because the ASX is closed at moment, and Degiro only gives realtime info. You could use something like Yahoo Finance to get historical info

Ah that makes sense.
Can I still place orders on De-Giro for ASX shares that aren't showing any info ?

Dardania · 09-10-2017 01:57PM

I think so, and it will be dealt when the market opens. DO a limit order though

Prezatch · 09-10-2017 02:24PM

will56 wrote: »

Ah that makes sense.
Can I still place orders on De-Giro for ASX shares that aren't showing any info ?

The ASX doesn't begin trading until 10.00am Sydney time. There is usually a delay of about 30 mins as Degiro connects to the exchange before you can place an order. You'll get error messages, but eventually if you wait a short time and try again it will work. Have google or yahoo finance open on another tab - it's delayed also by about 20 mins but will give you a fairly good idea of where the price is at.

Coinsguy · 10-10-2017 09:02AM

I'm trying to use degiro for TAW too but getting this weird error even though I'm placing a limit order and have around 1.3k to spend in my account. Anyone have any idea? I'd really appreciate it, the error is along the lines of:

"this order exceeds a spending limit. the worst case is 1,200 euro and free space is 130 euro. when placing a marker order degiro takes in to account the worst possible scenario...please place a limit order or reduce number you're buying."

Prezatch · 10-10-2017 09:58AM

Multiply your limit by the amount of shares you want to buy and convert to euro. If this + around 10-15 euro in fees exceeds your cash balance then you don't have enough cash for the order. Reduce your limit or number of shares in the order. If the stock opens tomorrow above your limit the order will not be filled.

Prezatch · 10-10-2017 10:17AM

Quick post regarding AGY, a stock I posted about recently. They have released an announcement today which just goes to show you can never hold small cap stocks like this in the long run. Thankfully I have no holding anymore as over 100% gain was enough for me! The proposed offtake agreement of lithium to a Chinese company has fallen through and they will potentially have to repay a large amount of cash back to this company. Expect trading tomorrow to be a bloodbath.

Coinsguy · 10-10-2017 12:23PM

Prezatch wrote: »

Multiply your limit by the amount of shares you want to buy and convert to euro. If this + around 10-15 euro in fees exceeds your cash balance then you don't have enough cash for the order. Reduce your limit or number of shares in the order. If the stock opens tomorrow above your limit the order will not be filled.

What I was doing was: Limit - 0.37 for example, and number of shares say 4,000. Even if I keep the limit at 0.37 and the number or shares at 1,000 it says I haven't enough even though I'm pretty sure I do - if that makes sense.

Coinsguy · 10-10-2017 01:47PM

OSI wrote: »

Are you sure you have enough funds showing in the "available to trade" column?

100% yes. Think it's a weird bug.

evolving_doors · 10-10-2017 02:40PM

They're pretty nifty over the phone in sorting out issues or explaining things.

crushproof · 10-10-2017 03:43PM

Aye give them a call and see if they can remedy it. I'm thinking of dabbling at bit into TAW today so I will see how I get on.

Thargor · 10-10-2017 07:03PM

Prezatch wrote: »

Quick post regarding AGY, a stock I posted about recently. They have released an announcement today which just goes to show you can never hold small cap stocks like this in the long run. Thankfully I have no holding anymore as over 100% gain was enough for me! The proposed offtake agreement of lithium to a Chinese company has fallen through and they will potentially have to repay a large amount of cash back to this company. Expect trading tomorrow to be a bloodbath.

Could be a buying opportunity though, someone will want that lithium eventually...

Coinsguy · 10-10-2017 07:11PM

Coinsguy wrote: »

100% yes. Think it's a weird bug.

Called them, and it was my mistake. My available balance was over €1k, but the issue was it was a mix of both euro and dollars even though it displays as the one currency. Happened because I changed my settings to manually do FX a while back, so my mistake really.

Now involved in TAW once the markets open etc. Prezatch - any opinion on getting in to others that you mentioned now or is it a bit late?

Prezatch · 10-10-2017 10:40PM

The boat may have been missed on TAW lads. Announcement released this evening so will hopefully open high for current holders. Regards other stocks LPD could be a runner - just signed a major agreement with Galaxy Resources (tier 1 mining company). Do your research on that one however.

Still long on BMT - expect good things from that and I'm quite confident it will reward nicely in the next month or so.

https://twitter.com/HC_Haplo/status/917863421596467201

dublin2000 · 10-10-2017 10:57PM

Hi Prezatch, i was planning to get some TAW shares today too but just saw your post now, so you recon it is too late to get in today when market opens? Also, I googled LPD, it seems no changes in price for 6 months? maybe i'm looking at the wrong share!

Prezatch · 10-10-2017 11:13PM

dublin2000 wrote: »

Hi Prezatch, i was planning to get some TAW shares today too but just saw your post now, so you recon it is too late to get in today when market opens? Also, I googled LPD, it seems no changes in price for 6 months? maybe i'm looking at the wrong share!

Register on HC and start reading (link below). I strongly advise that if this is your first time investing in stocks not to invest in small cap stocks unless you are just dipping your toes in with a very small amount you can afford to lose. I have made many losses along my investing journey the last few years and currently sit on a large paper loss so it's far from rosey.

https://hotcopper.com.au/threads/ann-lepidico-secures-strategic-alliance-with-galaxy-resources.3745794/#post-27811020

dublin2000 · 10-10-2017 11:35PM

Thanks Prezatch, i have just registered on hot copper, I'm a bit new in share trading not brand new but new-ish. I did a few short trading in BOI shares before its consolidated, a couple of longish holdings but not much experiences over all.

So overall, TAW is no good anymore, but LPD is your next pick? What price would you consider to be good to go in? Anyway, many thanks for your replies!!

b4bmm · 10-10-2017 11:38PM

dublin2000 wrote: »

Thanks Prezatch, i have just registered on hot copper, I'm a bit new in share trading not brand new but new-ish. I did a few short trading in BOI shares before its consolidated, a couple of longish holdings but not much experiences over all.

So overall, TAW is no good anymore, but LPD is your next pick? What price would you consider to be good to go in? Anyway, many thanks for your replies!!

My thoughts on TAW going forward.....

I think mid next year once ramped up to full annual run rate 155ktpa we will be greater $1, $500m+ MC. This is based on all the potential expansion opportunities not solely on the 155ktpa.

It has taken GXY 6 months for full ramp up.
I don't think it will take us that long and hope
it can be achieved in 3 months , mid next year, given the quality of the team TAW have assembled.

Other factors that will help the SP to get to those levels;

1. Fines circuit signed off, Producing 200ktpa 6-9 months after startup, low cost.
2. More big resource upgrades, likely every few months.
3. Tantalum offtake crucial.
4. Expansion talks to minimum 2.4mtpa a cert IMO just a matter of time.
5. Offtakes for said expansions with prepayments for financing development.
6. Increase in lithium demand/sentiment/pricing
7. No debt currently, if any required will be small with quick payback.

Probably others I have missed but you get the idea.
There is of course always risks nothing is ever certain
There is also an argument that $1 by mid next year could be too bullish but by end of next year might be more achievable.

Prezatch · 11-10-2017 07:23AM

dublin2000 wrote: »

Thanks Prezatch, i have just registered on hot copper, I'm a bit new in share trading not brand new but new-ish. I did a few short trading in BOI shares before its consolidated, a couple of longish holdings but not much experiences over all.

So overall, TAW is no good anymore, but LPD is your next pick? What price would you consider to be good to go in? Anyway, many thanks for your replies!!

LPD - very hard to judge really. Not your usual mining stock with resource, drilling, offtake agreements etc so it's very difficult to make comparisons and know if they represent value or not. They are merely a company providing a tech that could potentially make the conversion process to battery grade lithium cheaper for miners. They must be doing something right to have GXY back them, but whether they're a good price at the moment is very hard to call.

TAW - represents excellent value at these levels. Price staying down at the moment as the upgrade was expected and perhaps priced in quite a bit already. Traders selling into the good news also. B4bmm gave a great summary above.

dublin2000 · 11-10-2017 09:38PM

Even with your advice of not to buy my the other half insisted bought about 1.2k of TAW last night! at present price we are already in loss!!

Share Picks 2017

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