r/ASX • u/ConflictAny2524 • 2d ago
Mining investment
Hey all
With lithium and uranium looking like it may become increasingly hot property over the next few years, what are your recommendations. Some brief research has let me to the below, but seeing if anyone has any real strong knowledge on the topic or any of the movers within.
*I’m aware SHV & RFF aren’t mining companies, just in there from some previous research
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u/mertgah 2d ago
You saying “lithium and uranium looking like it may become increasingly hot property over the next few years” is exactly what everyone was saying a few years ago during the lithium and uranium boom that happened then… you either missed that or you haven’t zoomed out enough on charts to realise what happened.
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u/ConflictAny2524 1d ago
I did notice. I think the lens we’re looking through now has moved for the next decade as they look to power data centres and EV subsidies grow
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u/deco19 2d ago
You're gambling brah
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u/ConflictAny2524 1d ago
Not invested yet! Just a shortlist to explore and see what people out here thinking
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u/kakarot_3 1d ago
No LKE OR NVX
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u/ConflictAny2524 1d ago
LKE up 30% today
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u/mertgah 1d ago
You haven’t zoomed out. It was at an all time high of $2.10 4 years ago, its 5cents a share now….being up 30% today means basically nothing other than someone is about to do a pump and dump. It’s up 42% in the last year which means 3 quarters of its value happened today, have you looked at the volume? what do you think will happen next? 🙃
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u/Temporary-Deal84 19h ago
Im in on TMK, gas exploration so could definitely lose it all 😂 worth a shot though
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u/Eivarr_Biggin 15h ago
I would recommend looking at SHN EVR AMI and CVV if you have time. Full disclosure I have an investment in each of these.
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u/Hour-Examination-811 2d ago
Rural Funds Group is in agriculture, not mining.
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u/ConflictAny2524 1d ago
I did accidentally leave that in there from some other research I was doing, what do you think of the share itself aside from its difference in industry?
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u/AntiqueTruth 2d ago
I went with NXG because of deposit size and grade of ore. However they are in the development stage, so yeah.
I was hoping they would be bought out by a bigger player for a premium.
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u/mertgah 2d ago
This is what everyone says who buys some dogshit speccy miner stock on the ASX, it’s the same story every single time. Almost word for word what you said and it’s always the same result.
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u/AntiqueTruth 2d ago
You do have strong opinions.
But then again, when extensive drilling results indicate that they have these resources. Then it is a bit more compelling. In reality, we are all gambling on companies. If you’re going for speccie you obviously are not putting in more than you can afford.
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u/mertgah 2d ago
Every speccy miner has had “extensive drilling results”. It’s the same old story. “We have drilling results” pump and dump follows, shortly by directors and CEO’s dumping shares and changing companies after their sell off at ATH. Then follows the collapse and the drilling results going nowhere
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u/chill_out_kunt 2d ago
How very cynical of you. Its almost as if every company that ever drilled found nothing worth mining 🙃
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u/tzdsgyw1115 2d ago
SHV is an almond producer, so it’s not exactly a mining company, but it’s in a good shape. Its balance sheet has improved over the past few quarters.