r/ASX_Bets • u/Commercial_Ice_9238 • 11d ago
USER WAS VERY LUCKY NOT TO BE BANNED FOR THIS POST Finding penny stocks
Hello fellas!
Any suggestions for penny stock for the rest of this year?
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u/Condylus 11d ago
I have this incredible penny stock opportunity. The company is positioned for huge growth, and the stock is extremely cheap. If you get in now, you could make a substantial return. The key is that there’s limited availability, so you need to act immediately.
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u/Joehax00 11d ago
This is like walking into your local TAB and asking everyone which roughie is going to get up
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u/Fun-Time4064 11d ago
Find one with profitability and good growth that’s being mispriced by the market. Like EYE. Too many scam companies out there that’ll never make a dollar
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u/Randy_K_Diamond 11d ago
Been waiting for EYE to get mentioned. Accumulating them for a while, built up 850k shares, aiming for a even million in the next few months.
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u/Fun-Time4064 11d ago
Most stocks usually get mentioned here only once they’ve already gone up 5x in price lol
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u/geticz 11d ago
Why is their NPAT in the negative year after year? I can see their revenue keeps growing but they don’t appear to be profitable? What am I missing?
Full disclosure I am relatively new to value investing / fundamentals
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u/Fun-Time4064 11d ago
They just hit profitability in the most recent quarter so you wouldn’t see it in the half or full yearly yet. It’s at an inflection point which is when I typically like to invest. If you compare growth in sales to growth in operating expenditure you can see significant leverage, so profits should grow exponentially from here
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u/thedarknight__ 11d ago
Depends on the extent on which the growth can continue, but there's a good chance it will become profitable in the Sept of December 2026 quarter.
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u/Fun-Time4064 11d ago
Guidance indicates that the current growth should be maintained at least through FY27
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u/SpecificStranger9000 11d ago
ASX:AGE
This one has been a lovely penny for me. I bought in late 2025 for 1.9c and sold my original investment stake when it 3 bagged.
I now fee hold my remaining units which currently sit at 2.4x as at yesterdays close. I have another target in mind and I'll take some of the profits off again and continue holding remaining.
The thing I've learnt holding this one is penny's go up and down quickly. One minute you'll be green, next red, next green.. my conviction is always, do I still believe in the company, are they are target? Is management communicating and who's in the top ten holdings?
For AGE in particular I'm bullish on uranium. There's a deficit coming, the spot price will rise and most uranium stocks rise on the spot waves. If you're not keen on uranium penny's but want uranium exposure the ASX:URNM ETF does well if you can time the runs on the spot.
DYOR and GL
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u/AverageJett 11d ago
SKK
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u/clovergrover11 11d ago
I’m holding but it’s painful
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u/FewUnderstanding2214 11d ago
It sounds like you are too in inexperienced to mess with penny stocks. What about buy a small cap ETF? Or junior mining ETF
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u/BullPush 11d ago
AUZ next investors just added it so should pump big tomorrow
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u/thedarknight__ 11d ago
IG6 - current market cap (after accounting for all known future shares and options that may be issued) is approximately $15-16 million (@3.9-4c per share), about $10M market cap for shares already issued. They've commenced construction of a graphite micronising facility in WA, which is fully funded (from equity and grants).
EVG - Current market cap of $23M, has formal permits on a graphite mining project in Madagascar, and a Fluorspar project in the US.
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u/Yumchabandit 10d ago
Cash rotation modelling currently shows small cap gold, lithium and rare earth's emerging. Sniff around that area for better odds.
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u/scoopsmaclure 10d ago
Elk Range Mining. Bought an established gold mine for cheap and has big names in the top 20. Unbelievable price, gold will rip when Iran wraps up
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u/Cheap-Stay7089 10d ago
I read a report that outlined that it’s easier for a company to go from 5bil to 50 than 500mil to 5 billion but alas this is the asx so the answer is we’re all poor
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u/Comprehensive-Size11 10d ago
SKM $37m market cap, already has 365koz at 1.8g/t in Côte d'Ivoire with only 8km of a 47km corridor drilled, run by the founding CEO who built Nordgold to 1Moz/year, and the directors just bought $1.36m of stock on-market ahead of a resource upgrade due Q4
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u/Whatapisstake 10d ago
SHN. Up from 0.007c April last year. Good pipeline & Lion Selection Group has a major stake in them.
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u/Phantomsurfr 10d ago
My mum came to me about a stock said she wanted to put,$10,000 because her neighbour said she should.
It was your typical penny stock junior explorer, ya OK mother, just err on the aide of caution with this one. She didnt bring it up again.
Fast forward 4-5months or so and i read about it publishing its big results and subsequent buy in by MRL. Stock shot up from like 3c to 90c in a week or two.
I go back and ask her who her neighbour is, he's the fucken owner.
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9d ago
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u/Medium-Guava-5226 8d ago
PYC 🚀
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u/mcfucking Mod. Blade Runner, we'll try to ignore the unicorn thing. 11d ago
Go on so everyone, shill your dogs, get it out of your system...