Advantage Lithium Corp. (fka AVLIF)

[Renee]

AVLIF: Plan of Arrangement. Holders will receive 0.142 of an ordinary share of Orocobre Ltd. in respect of each Advantage Lithium Share held.

FINRA deleted symbol.

https://otce.finra.org/otce/dailyList?viewType=Deletions

[uber darthium]

This garbage DELISTED TODAY. https://otce.finra.org/otce/dailyList?viewType=Deletions

[MikeyInTheD]

Volume hasn’t been light the past two weeks. Yes it hasn’t traded millions of shares a day but this has had decent volume. I was able to buy and sell an entire position for a nice gain during the run. Glad I got out last week around .30.

[JackAskSlap]

Americans show little interest to Canadian Ventures? Although we have very good runs, volume is usually light.

Many irons in the fire MD
Thanks for pointing this one out..

[MikeyInTheD]

How does a stock run from .10 to .30 and not get a single comment on the message board?

[MikeyInTheD]

Started a new position this morning. I sold when the big drop off happened several months ago when news of oversupply was impacting rates more than anticipated along with potential production caps. Worries caused overselling. Time to enter again.

[MikeyInTheD]

Starting a very nice run after falling all of 2019. Boards are silent and volume still low but a run none the less.

[MikeyInTheD]

Started selling position this morning. Moving into *AUY *SBGL *LAC as my mining and metals stocks.

[tikotiko]

Yes, I also feel the pain. I may consider doing the same by moving at least part to one or more of my other lithium companies. A quick sale of the company is still my hope, but it is disappointing that this has not happened while the SP keeps going down.
Good luck

[MikeyInTheD]

I just hope that when revenues come that we don’t see a double from .10 to .20 because the stock will have fallen that far in a few more months at this pace. I’d like to see it double from .50 to 1.00 on positive news. It starts to become a losing position even on overly positive news if we continue to make new lows.

Might be time to cash out the rest of my position here and move it all to L A C

[MikeyInTheD]

A single piece of unexpected positive news will send this thing for a quick double in a couple day period. The volume is trailing off so renewed interest in the stock could spike the volume and price. Have to find a piece of positive potential for my investment since this has returned to being a falling knife.

[tikotiko]

Updated resource estimate announcement, but no material changes.

https://www.advantagelithium.com/news-and-media/company-news/index.php?content_id=166

[tikotiko]

Announcement of company that will conduct PFS. They picked a good one!

https://www.advantagelithium.com/news-and-media/company-news/index.php?content_id=165

The company is also doing the right thing by removing -at least temporarily- Mr. Sidoo while his case is resolved. This will be helpful for financing, dealing with off take partners, a possible sale, etc.

[Therealbrucewayne]

Good stuff. Thanks

[tikotiko]

Announcement of PFS in Q3

https://www.advantagelithium.com/news-and-media/company-news/index.php?content_id=164

[tikotiko]

Well, I do not enjoy sharing these unfortunate news, but it is important to inform others here that Mr. Sidoo is in the group of people charged in the recent college cheating scandal. He is of course presumed innocent and justice will take its proper course.

https://www.cbc.ca/news/canada/british-columbia/david-sidoo-east-west-petroleum-1.5056915

This is obviously a sad day for investors, even if the CEO’s alleged actions are not related to the company. The company reacted quickly by putting him on a leave of absence, releasing the statement below and naming Mr. Callum Grant as Interim CEO.

https://www.advantagelithium.com/news-and-media/company-news/index.php?content_id=163

Hoping for better days ahead...

[tikotiko]

One item to keep an eye on is available cash, which I believe was down to about $6M US last month. The company may need to get some funds soon if a deal does not materialize or if they decide to do any more drilling. I am sure they are on top of it.

[whytestocks]

News: $AVLIF Orocobre Limited - Cauchari JORC Resource increases to 4.8 million tonnes Measured + Indicated and 1.5 million tonnes Inferred LCE

BRISBANE, Australia, March 07, 2019 (GLOBE NEWSWIRE) -- Orocobre Limited (ASX: ORE, TSX: ORL) (“Orocobre” or “the Company”) is pleased to announce that the updated resource estimate for the Cauchari JV property located in Jujuy Province, Argentina, has more t...

Read the whole news https://marketwirenews.com/news-releases/orocobre-limited-cauchari-jorc-resource-increases-to-4-8-million-tonnes-measured-indicated-and-1-5-million-tonnes-inferred-lce-7815642.html

[whytestocks]

News: $AVLIF Advantage Lithium more than doubles the Cauchari Project resource in Argentina to 4.8 Mt LCE Measured+Indicated and 1.5 Mt Inferred

Advantage Lithium more than doubles the Cauchari Project resource in Argentina to 4.8 Mt LCE Measured+Indicated and 1.5 Mt Inferred Canada NewsWire VANCOUVER, March 7, 2019 VANCOUVER , March 7, 2019 /CNW/ -  Advantage Lithium Corp. (the "Company" or "Advantage Lithiu...

Find out more https://marketwirenews.com/news-releases/advantage-lithium-more-than-doubles-the-cauchari-project-resource-in-argentina-to-4-8-mt-lce-measured-indicated-and-1-5-mt-inferred-7815632.html

[tikotiko]

I welcome any opinions or comments, especially about my back of the envelope calculations.
Cheers!

[tikotiko]

Advantage Lithium just released an excellent updated resource estimate. The main highlight is that the resource more than doubled! I also liked the fact that the resource remains open at depths beyond 600 m and to the south, plus they did not find bedrock during drilling.  This can only mean that the resource is even larger than reported, which could be part of a future resource upgrade if necessary.

The big question now is what is next? Will Advantage build its own processing plant? (Highly unlikely). Will they pump brine to Orocobre’s plant? (somewhat more likely, but probably not). Will they sell tenements to Orocobre/Toyota and/or Ganfeng/LAC? (Much more likely). Personally, I would like them to sell the NW tenements to Orocobre/Toyota and the SE tenements to LAC/Ganfeng and negotiate good deals with both. I will welcome any sale if it is at the right price, and the CEO must be working hard on this. The recent sale of tenements by Galaxy to Posco of 2.5MT of LCE for $280M equates to more than $100 per ton. If Advantage gets a similar deal for almost 5MT, this would result in $500M, which may be about 7-8 times the company’s current market cap. I would take that offer and even a bit less in an instant.

The SP will sooner or later reflect the new resource estimate, but we need to be patient and keep flying under the radar until an offer is made and accepted. The stock is up 15% today, but it would be nice to eventually see it at $3 or $4. The only other item of importance is for the company to stay solvent and always keep some cash.

All The above is IMHO and good luck to all here!

PS Here is the announcement

https://www.advantagelithium.com/news-and-media/company-news/index.php?content_id=162

[tikotiko]

Good approach. I have done the me so my lithium portfolio resembles a bit of a lithium ETF. I hope it will pay off wh n the sector rebounds, eventually....

[MikeyInTheD]

I’ve started spreading out my Lithium exposure. While I think there are gains to be had here, the waiting is getting painful with the continued losses. People just aren’t interested in holding a stock for 3 years before getting any results. The lower we go into the pennies to worse it gets because then we are subject to the penny stock vultures that are only interested in daily trading and not long term investing.

I still hold a nice sized position and willing to let it ride a couple more years. I just wonder if we aren’t in for more downside while we all wait though.

I have started accumulating LAC shares - still speculative play in the lithium arena but bigger market cap and listed on an exchange which could help sustain value while waiting for revenue.

[tikotiko]

Another announcement with excellent drilling results. An updated resource estimate coming soon...

https://www.advantagelithium.com/news-and-media/company-news/index.php?content_id=151

[MikeyInTheD]

We have to get a bounce early next week or it could be back to recent lows. The run was nice but little support to keep those levels. Longterm I think the company has a shot at producing some nice revenues and create lasting shareholder value. As the months of losses go on though I am starting to doubt the viability of the company if they don’t give us something soon.

[tikotiko]

Yup, I also hope we get the new resource estimate soon.

[MikeyInTheD]

We need to bounce off the .40 level to sustain this rally. The longterm story is in place but would like to see some stability in the pps. Better to jump from .40 when positive news hits rather than from .20.

[MikeyInTheD]

Hedging my bets by starting an equally sized position in LAC. Still a risky play but much greater return potential when compared to the much larger producers.

[MikeyInTheD]

With the expansion of electric vehicles from GM now that they announced the elimination of gas-electric hybrids the momentum surrounding the lithium will push all boats higher. The excellent producers like Advantage (will be producing soon) are going to gain a lot of investor attention. Holding longterm and getting more positive in the name.

[tikotiko]

Excellent announcement from completed Phase III below:

Plenty of lithium above 600 mg/l found during expanded drilling at deeper depths, low Mg to Li ratios, solid pumping tests showing good brine production and large sand formation facilitating brine production. It can’t get better than this. The next big question is will the resource estimate increase by 50%, double or more? We will find out in a few month...

https://www.advantagelithium.com/news-and-media/company-news/index.php?content_id=150

[tikotiko]

Agree. I will only add a bit if it drops back to the $0.3s.

[MikeyInTheD]

It was too soon to speak. I fully expected resistance at .50 - tested .54 a couple times today and failed there. Today was a higher move than I expected and it happened about 3 weeks before I expected. We are a much better place for January 2019 than we have been in months for share price momentum and actual operations expectations. I’m not adding but I will continue to hold my sizable position.

[tikotiko]

I spoke too soon about $0.5, oh well...
Regardless, the amount of lithium at the site at a price similar to the recent transaction between Galaxy and POSCO would put Advantage Lithium”MC somewhere between $500M and $1B, so the current MC Nude $100M is way undervalued IMHO.
I am staying and will continue to be patient.

[tikotiko]

It broke $0.5, nice! Hopefully it will keep climbing in both SP and volume.
This is a key year for Advantage with the resource upgrade expected in a few months. My hope is that the company will get a solid buyer and sell the salar at a nice price similar to what Galaxy did with a portion of its salar. This should result in quick gains of perhaps 5 to 10 times the current SP and MC. Ganfeng/LAC would be the ideal buyers since they are neighbors or it could be Toyota/Orocobre. Second best for me would be for them to build a pipeline to convey the brine to Orocpbre’s Plant, which should not cost much compared with having to build their own plant (tens of $M vs. Hundred of $M). I would prefer either of these alternatives than having to build an expensive new plant, but this would also be ok provided they get right offtake partner and low dilution. I know that the CEO is working hard on getting the best deal possible.

Good luck to all here!

[MikeyInTheD]

Can’t believe we passed my estimate of .50 with no resistance. The stock could continue moving much higher now.

[MikeyInTheD]

Could press all the way to .50 before we see any resistance.

[MikeyInTheD]

We might get cut in half from the current .40 price if this selling continues. No support unless we test levels of previous all-time lows. The story might be a longer play than I expected. If positive news does materialize then I expected to see a 2x - 3x return. Now those kind of returns from .20 bottom would put us at .40 - .60 which is still below my average. We will need a 5x return to get back to $1.00 when the news does finally hit. That might be a bit of a stretch to think we see those kind of returns. This may have just turned into a 5+ year holding and allow for a slow churn higher and not a single session spike to get to the green. I am continuing to hold but don’t see myself adding even at levels I would have considered overly cheap previously.

[tikotiko]

I also agree. They will either join forces with Orocobre to produce at a cheap cost or they will be taken over at a high price after the resource upgrade next year. Either way, it will be a multi-bagger.

[Therealbrucewayne]

I agree 1000%.

[MikeyInTheD]

This is an investment measured in years and not single sessions or even weeks or months. Lithium will be the hot commodity over the next 10-15 years along with value-added alloys. As long as the company has the financial backing to survive the next 18-24 months this will be a real winner in lithium mining. They have a strong partner and viable acreage.

I am long as much higher levels but continue adding to my position as this decline continues. Short-term investors are driving down the share price. I don’t know if they invest not understanding the company or industry or that they lose patience after the company doesn’t release a surprise PR announcing mining has commenced.

Stick with this one friends. In 2020 the share price will be on the upswing as people chase the results.

[tikotiko]

Announcement about new drill results below. Resource upgrade should result in a nice takeover offer next year IMO. Pumping brine to Orocobre’s plant would be the next best alternative. AVLIF building its own new plant in Caichari would not be a good idea IMO.

http://www.advantagelithium.com/news-and-media/company-news/index.php?content_id=145

[tikotiko]

New CFO and Project Manager selected. I like the picks.

http://www.advantagelithium.com/news-and-media/company-news/index.php?content_id=144

[tikotiko]

Link below shows very good results from new drilling in NW section. More results will be coming from the E, SE and SW sections and resource update in early 2019.

http://www.advantagelithium.com/news-and-media/company-news/index.php?content_id=137

[tikotiko]

Yes, the whole lithium sector is quite bad at the moment. Nevertheless, I choose to be patient because I think the sector will be positive soon.
Good luck

[ECK560]

What is going on here guys??? This is getting depressing... I am over a year long on this and its trash right now...

[MikeyInTheD]

Hopefully we have found some support at .59 and will bounce off of that level for a while. I would be happy with some sideways action for a few weeks until some news has time to develop out of the company. Positive news is coming - I just hope the share price isn’t down too much before it does.

[MikeyInTheD]

I just doubled my position this morning. This price is too good to be true. This is worth .75-.85 right now just knowing they are working on surveys and have a major partner. Once the project starts producing this thing could be a double or triple. I am sitting on my initial investment and adding as the price remains suppressed.

[tikotiko]

If only the SP would cooperate now....

[nowwhat2]

Thanks !....Love that you're covering this and providing links.

.

[tikotiko]

I am in the same boat with an average of $0.75. I plan to hold to my shares. I will buy more if I see a good dip, but I am hoping more for a rebound.