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Alright...we almost broke the 'magic .10' mark today. If you haven't bought any of this....get it before it goes over .10 as the run up to .50-.60 is becoming quite clear on the charts. Nice bowl forming which should mean it will be a slow, steady ascent. While the rest are watching companies like WLC and Pure Energy this will sneak right to a dollar next year.
This is my post from earlier this month...this should answer your question...
Well...I took a flyer in this badboy just to see what would happen. I have been buying in the past couple of weeks at an average of about .065 which is ok as of todays close. This reminds me a little of my first purchase in Western Lithium. A company with a good story in the right sector at the right time. I bought into Western Lithium in the mid teens and sold in the .70s-.80's. A nice run up but the company failed to follow through and get the mining permits and financing for the lithium processing facility.
question nrc, would you put money into wlcdf at current price or place money in this company at current price?
The monthly chart is looking pretty decent. I have a feel this will continue to creep towards .20 before many people discover it.
chris 20 I just set to 'follow you'. I don't have private messaging. :)
So far so good....we'll see what the future brings. I now have positions in Dajin and Orocobre. Since Dajin owns land leases next to Orocobre's processing plant in Argentina maybe there will be some ultimate synergy that will help. Orocobre plans to be in full production by the 4th quarter and already has a dozen offtake partners in Japan, Korea, and the US. Partnered with Toyota's investment bank it would seem to be a slam dunk. With Dajin it might take a while longer to get things underway. We have already seen what happened with early speculation in Western Lithium....going from a few cents to almost a dollar and then back down the ladder to its present .25 and soon to be close to worthless....having partnered with Lithium Americas which has never been worth a plug nickel as far as I am concerned. The merger between Western Lithium and Lithium Americas is something akin to the marriage of a zombie stock to the walking dead.
Dajin Resources, the Right Place and Time in Nevada’s Lithium Hub (Update)
By Peter Epstein, CFA, MBADajin Resources, Interviews, Lithium, Lithium Brine Harvestiing, Lithium Hard Rock Mining, Mining stocks, Pure Energy
On a slow Friday, September 4th, I put out the article that can be seen below. As a brief update, I note that Dajin Resources [(DJI.V) & (DJIFF)] is up nicely today, Sept 8th, on heavy volume, (10x average on DJI.V alone). Over the long weekend, an interesting, but seemingly routine article on lithium was posted. Not from a well known website or an update on any lithium companies. Just a bullish lithium piece from an unknown (to investors) website named PV Tech Storage. This kind of article is exactly what I expect to see more of. In the interest of keeping Friday’s article reasonably short, I deleted a paragraph that I recreate here. Admittedly, there is at least one other catalyst driving Dajin Resources higher today, Sept 8th. Dajin got a bullish mention from Jeb Handwerger of GoldStockTrades.
Regarding Dajin Resources’ strategy of controlling thousands of acres of highly prospective property in key locations of Nevada, we’ve seen this movie before. In the Athabasca uranium belt, several, “out-of-the-money,” small caps moved up by multiples even as the uranium price sank. Drilling results of nearby companies proved to be a catalyst. Early investors to select names in Alberta’s Oil Sands turned out to be high risk but even higher reward bets. The same can be said about valuable acreage in the U.S. shale oil & gas basins. Initially, only property that was in the sweet spot, “the fairway,” was picked over.
Select juniors lucky or smart enough to acquire land just outside and around the fairway did extraordinary well. The value of acres underlying the market caps of several U.S. shale oil & gas juniors increased by 10x-50x. This is the way in which the market works, out-of-favor sectors come to life, sometimes explosively, on what appears to be routine news, but news that happens to be, “the straw that broke (breaks) the camel’s back.” We are certainly seeing that with Dajin Resources and Pure Energy Minerals [(PE.V) & (HGLMF) of late.
Dajin Resources, the Right Place and Time in Nevada’s Lithium Hub (Update)
Last week, Tesla Motors announced that it had agreed in principle to an off-take agreement with Bacanora Minerals Ltd. (located in Sonora, Mexico) and to a lesser extent, its joint venture partner, on a portion of their properties, Rare Earth Min. Since then, Bacanora’s stock is up approximately 40%. At first, I was surprised Bacanora’s stock didn’t soar even higher. It turns out that the off-take agreement has a number of contingencies and no financial commitment from Tesla. In fact, Tesla’s Elon Musk was quoted as saying, “this lithium deal is not exclusive (and) has many contingencies. The press on this matter is unwarranted.”
The point of the opening paragraph is not to marginalize the good fortune of Mexico’s Bacanora, they have certainly staked a coveted spot! Instead, I believe it has significant and important ramifications for lithium juniors in Nevada. There’s Dajin Resources [(DJI.V) & (DJIFF)] Pure Energy Minerals [(PE.V) (HMGLF)] and the proposed [Western Lithium / Lithium Americas] merger and of course the currently producing Rockwood Lithium’s brine operation.
Clearly, more than one of the above will get the green light. In fact, I’m laying out a thesis that, over time, all existing Nevada lithium companies will be keenly sought after. I find it noteworthy that Tesla’s first move to secure lithium supply was choosing a company that remains years from production. To be fair, Bacanora is more advanced than Western Lithium, Dajin Resources and Pure Energy. However, the fact that Tesla is looking so far in advance and might soon announce deals in Nevada, is telling of Musk’s longer-term strategy. Remember, Musk believes, “the need for lower-cost batteries for autos and power storage means there will need to be hundreds of, “giga-factories…”
Can Long-Term End Users Avoid Tapping Every Viable Lithium Source?
If Tesla is largely confined to North America for its raw materials, as is reported to be the case, Nevada is surely a great place to be. The State offers security of supply not just for Tesla in Nevada, but for giga-factories globally that are sure to follow. There are not that many lithium juniors, except a dozen or two with little more than a potential deposit, in places like Serbia, with no cash or the ability to raise capital. Hope is not a strategy.
Tesla and others will need ALL of the lithium supply from any economic deposit in a known, safe jurisdiction like Nevada. It’s a question of when, not if, investors wake up to Nevada’s small cap lithium opportunities. Even companies in Nevada that might be 5 + years from production are still years ahead of green field prospects. Dajin Resources is an early-stage play, but it has invested capital, drilled holes, and staked some of the most prospective property in Nevada, as well as in Argentina. Dajin has a committed shareholder base and the demonstrated ability to raise capital, including from the ongoing exercise of in-the-money warrants.
Yes, Dajin is an earlier stage play than Western Lithium and Pure Energy. However, there will be room for more than just one winner. Dajin controls almost 7,000 acres in Nevada and an enormous land position (roughly 250,000 acres) in Argentina. Investors in Dajin get a long-dated call option in Argentina for free. How large a holding is 250,000 acres? Lithium Americas controls about 200,000 acres, which was no doubt an attractive attribute to Western Lithium’s stakeholders. Although at early stage, in the long run will that matter if lithium demand shoots higher like Musk and others appear to believe? I think not.
The bottom line is that there are probably 10 or fewer pure-play, lithium juniors with a shot of reaching production, (there will be more joint ventures, farm-outs and takeovers). Therefore, green field explorers and higher-cost projects in Australia (and elsewhere) will never see the light of day. In my opinion, Musk tying up a portion of Bacanora’s output would not be a meaningful part of his aggressive long-term demand expectations. Bacanora might end up supplying just 10% (my guess) of its lithium output to Tesla’s first giga-factory. Security of supply means multiple sources for multiple end users.
Conclusion
Tesla and others to follow will demand consistent, high quality, on-time delivery from a wide range of sources. If Musk keeps to his pledge of obtaining raw materials solely from North America, he will likely be all over Nevada’s emerging production, timing unknown. Not to be lost in the analysis is that Musk not only wants to secure his own growing needs, but is likely to be searching for opportunities to thwart competition.
As soon as the likes of Buffet’s BYD, LG Chem, Panasonic, NEC, Samsung, Sanyo, etc. begin announcing off-take agreements, the world will see how critically important the 10 or fewer lithium hopefuls are. Dajin Resources is a favorite of mine, but not my only. There’s ample room for any and all lithium supply, especially secure supply, to meet demand for the next few decades. Yes, I’m bullish on lithium. Yes, I’m bullish on Dajin Resources.
Disclosures:
Several of the companies mentioned herein have small market caps, including Dajin Resources, Pure Energy, Western Lithium and Lithium Americas. Small cap stocks are speculative, not suitable for all investors. I, Peter Epstein, own shares of DJIFF and PE.V. Mr. Epstein, CFA, MBA is not a licensed financial advisor. Readers should take that fact into careful consideration before buying or selling any stock mentioned. Readers are encouraged to consult with their own investment advisors before buying or selling any stock, especially speculative ones such as Dajin Resources, Pure Energy, Western Lithium and Lithium Americas. At the time that this article was posted, Dajin Resources and Pure Energy were sponsors of: http://EpsteinResearch.com. Please consider visiting: http://EpsteinResearch.com for free updates on Dajin Resources, Pure Energy and others across a wide range of sectors. While at http://EpsteinResearch.com, please enter an email for instant delivery of all my work. Thank you for supporting my articles & interviews.
Well...I took a flyer in this badboy just to see what would happen. I have been buying in the past couple of weeks at an average of about .065 which is ok as of todays close. This reminds me a little of my first purchase in Western Lithium. A company with a good story in the right sector at the right time. I bought into Western Lithium in the mid teens and sold in the .70s-.80's. A nice run up but the company failed to follow through and get the mining permits and financing for the lithium processing facility.
I think with the timing here that this company could see $1 next year if the EV business continues to expand as well as the energy storage battery business. The outlook for lithium on world markets currently is about 10% rise in lithium carbonate prices every year into 2020. The prices have risen from about $5500 a ton to about $6500 currently. Demand is increasing worldwide (especially in China) and the supply chain is not growing fast enough to supply increased demand....so everything involved in lithium mining and production should have a pretty good chance of increasing this next year.
I feel if this company doesn't dilute the shares before it reaches a buck that they have a good chance to find financing for their project in Nevada. Rather than dealing with some new fangled processing they are proceeding with traditional lithium evaporation technology. Their property is in proximity to Rockwood so there is a proven resource there. I am sure that once the companies stock advances into the .20s there will be more interest...buy now in small lots under .10 and I don't think you will be disappointed.
Well it looks like Dajin stumbled into a ready made opportunity. As much as I don't like this company it appears they have actually worked out a working agreement with a lithium processing company. I might buy a few million shares here just on spec. At .055 we'll see what happens.
Vancouver, BC – April 6, 2015 - Dajin Resources Corp. ("Dajin") (DJI-V: TSX) (DJIFF: OTC) is pleased to report that being “Blue-Skyed” for the capital markets in the USA may help increase Dajin's exposure and liquidity as we move our Teels Marsh lithium project forward. Being “Blue-Skyed” creates the potential for upwards of 100,000 investment advisors to introduce Dajin to retail investors in small cap companies such as Dajin Resources Corp.
Dajin is committed to increasing its markets exposure to a large potential audience. Dajin will now include direct links in our press releases and on our website to our “Blue Sky” data base more commonly known as The Standard and Poor Market Access Presentation. This feature will provide investors visiting our website, access to the same independent profile S&P Capital IQ is now providing to brokers / financial advisors, institutions, traders and self-directed investors. http://reports.standardandpoors.com/aidata/maccess/pdf/23406720.pdf
About Dajin: (www.dajin.ca)
Dajin is an early stage energy metals exploration company holding a 100% interest in claims known to contain lithium and boron values in the Teels Marsh region of Mineral County, Nevada. These claims, which cover 2,191 hectares (5,414 acres), are located adjacent to the site of US Borax Corp’s first borax mine.
Dajin also holds a 100% interest in concessions or concession applications in Jujuy Province, Argentina that were acquired in regions known to contain brines with potassium, lithium and boron values. These concessions total approximately 100,000 hectares (247,000 acres) with 80,248 hectares (198,000 acres) located in the Salinas Grandes/Guayatayoc salt lakes basin adjacent to concessions held by Orocobre Limited (ORL-T: TSX), who is partnered with Toyota Tsusho.
High volume lately plus recommendations. Should be upward movement in share price soon.
"Lithium could be the new lithium." An old metal, with a new purpose.
Not sure about Dajin. Interesting PR's about land lease holdings in Nevada and Argentina. I would like to see a copy of those leases before I invest. Maybe Dajin should publicize the land agreements for all to see. These leases don't 'make' a company...but their release would be a start in trying to achieve credibility in the markets.
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