ASX 200 Discussion

No: WOW and DMP
He's not calling them buys yet - on watch

Today

Lithium stocks were rocked. Don't know how anyone can stand this sector.
Market Matters:
"News that China’s CATL will restart its Yichun lithium Lithium mine earlier than expected sparked a brutal selloff in the sector.
Pilbara Minerals (PLS) -17.29%, Liontown (LTR) -18.42%, IGO (IGO) -13.99%, and Mineral Resources (MIN) -6.34% were all hit hard as supply fears resurfaced."

Gold stocks did poorly today but FWIW, Bell Potter raised its call on 3 goldies:
Market Matters:
"Spot gold hit to a fresh record above US$3670/oz before easing back to ~US$3635, yet the miners ignored the move higher. Bellevue Gold (BGL) -3.8%, Perseus (PRU) -0.95%, Northern Star (NST) -0.3% as profit-taking took hold. Evolution (EVN) +0.11% bucked the trend on a broker upgrade."

• Evolution Raised to Buy at Bell Potter; PT A$10.55
• Pantoro Gold Ltd Cut to Sell at Bell Potter; PT A$4.40
• Regis Resources Raised to Buy at Bell Potter; PT A$6.30
• Capricorn Metals Raised to Buy at Bell Potter; PT A$13.10

Today

It's goldies again. Didn't think to check on RSG today, lost any interest long ago. This year's chart going well but historically it's a dog.
Boss Energy justifiably smashed again - crap management.

Local gold stocks rallied hard: Evolution (EVN) +6.24%, Resolute (RSG) +8.23%, Regis (RRL) +6.24%, Ramelius (RMS) +3.53%, Newmont (NEM) +1.31%, Northern Star (NST) +3.52%

Service Stream (SSM) +16% – secured a $1.6b Defence contract for land management services across SA and NT. Not in the ASX 200, in the ASX 300.

finicky said:

Lithium stocks were rocked. Don't know how anyone can stand this sector.

Click to expand...

my lithium exposure came from companies i already held ( WES and MIN ) buying into lithium projects ( after i bought them )

so while lithium exposure has been a current boat anchor , i am still well in front on both stocks ( at my buy-in price )

although the gold sector was nice to me today , it was REIT exposure that pushed me nicely into the green

@divs4ever MIN and obviously WES have other things going on than lithium as you know. I've never been attracted by the lithium 'story' or the pure Li explorers/developers/producers but that's been pretty subjective. MIN is 'Market Matters' preferred Li play as they aver that you're getting the Lithium business segment in that company cheaply. I used to consider a buy of MIN before it crashed, luckily I dithered.

i did buy MIN but back when it was an iron ore and mining services play and realistically priced ( around $13.90 )


but never got excited about lithium , graphite or REE any exposure to them was coincidental ( ILU and DRR for the REE )

iron and coal at good metrics gets me very excited , copper makes me cautious , can't find an acceptable silver exposure ( as a dominant product ) and gold ( when the didn't fold/sell ) has been a case of buying early ( 2011 , 2012. 2013 , foe most of them )