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The accumulation mode is getting accelerated. The drilling results might be coming soon. Huge lithium deposit $$$s coming
Very low float. Lithium is in high demand more and more electric cars on road soon. Soon it will explode to $$$
whats your thoughts on recharge ?
Checking in here to see if the rebound is about to start
Okay, thanks.....have it on watch anticipating the Dec. 5th spinoff.
Can’t speak for others..I’m waiting on updates I hope hit soon..love the potential here..
$RECHF All those posts here on Friday and nothing today? Looks to me like traders promoting the stock so they can exit. What do you think?
$RECHF Drilling gaining momentum here..updates from this could send it..
https://t.co/4rIF7cg7sY
$RECHF It's on my watchlist for mid or late November.
Someone brought it back down but buyers are coming in again. Price is too hard to resist at this level in my opinion.
$RECHF Just went green with volume..looks like afternoon rally underway!
$RECHF Spinoff December 5th, 2022
Recharge Resources Ltd. (“Recharge” or the “Company”) (RR: CSE) (RECHF: OTC) (SL5: Frankfurt) announces plans to transfer it’s 100% owned Pinchi Lake Nickel Project, located approximately 15 to 30 km northwest of Fort St. James and 120 km northwest of Prince George in central British Columbia, to a new subsidiary ("SpinCo" or “NextCharge”), provide funding to SpinCo, then spin-out the shares of SpinCo ("SpinCo Shares") to Recharge's shareholders of record on a 1 for 3 basis. Recharge's shareholders would end up owning shares in both Recharge and SpinCo in these proposed proportions.
Recharge is targeting December 5th, 2022 as the effective date of the proposed spin-out whereby shareholders of record on that date will receive shares in the new SpinCo. The name NextCharge Battery Metals Corp. has been reserved for SpinCo. The Company has secured the website (www.nextchargemetals.com) and has commenced construction of the proposed NextCharge website.
www.nextchargemetals.com
$RECHF looks like it's about to make a red to green move now
$RECHF Strong Friday loading here..watch for an afternoon rally..
Looks like it.
Check out the investor section of the Company website for some deep DD on the Company and Lithium in general. I took this blurb from there but there is so much more. I personally believe Lithium and Cobalt will be the hot stocks in the coming decade. https://recharge-resources.com/investors/
SUPPLY AND DEMAND
Global demand is forecasted to jump to 185 kt for lithium, 90 kt for cobalt and 925 kt for nickel within the next 20 years.
Lithium is forecasted to have sufficient supply until at least 2025 but hydroxide will face a shortage by 2027 as demand for nickel surges. Lithium prices continued to rise in 2021 due to the restraint in supply as a result of the pandemic and the higher demand recorded in China and Europe. Lithium prices have climbed 71% for carbonate, 91% for hydroxide and 58% for spodumene concentrate. BloombergNEF expects all prices to continue their rally but gradually plateau as more supply comes online in 2021-2022.
The nickel sulphate market is forecasted to remain in balance in the short term despite the expected demand in the next 5 years. Domestic demand in China was relatively low as some automakers shifted to Lithium iron phosphate chemistries. This will have limited impact in the adoption of nickel-rich battery cathode chemistries, and as such, the nickel sulfate market balance may slip into a 128,000 metric ton deficit as early as 2024.
Cobalt prices are forecasted to hold as the metal prices rose by 42% during the first half of 2021 on the London Metals Exchange. In March, cobalt rose to $53,000 per ton, it’s highest price since March 2018 and 15% above the five-year average. The cobalt metal price could average $45,000 per ton year-end 2021. With the market projected to be relatively in surplus throughout the decade, BloombergNEF expects prices will hold at an average of $44,000 per ton up to 2025.
Put those in a PR and RECHF is golden! We just need those results.
$RECHF CEO and director, David Greenway states, "With drilling continuing down to the target production zone, we couldn't be more excited for this monumental moment in time for the company at the Pocitos 1 Lithium Brine Project. With two existing discovery drill holes in place from 2018, this new drillingcampaign will contribute to establishing a NI 43-101mineral resource estimate.We continue to be thankful all those that have assisted us in bringing this project to this stage and look forward to continuing the path forward to the benefit of all stakeholders including the community of Pocitos, stakeholders of Recharge Resources and our growing team in Australia, Argentina, the USA and Canada."
https://www.marketwatch.com/press-release/recharge-resources-drilling-continues-at-pocitos-1-lithium-brine-production-well-drill-program-2022-10-26?mod=mw_quote_news_seemore
I noticed this has a tendency to trade Heavier late morning and early afternoon so I expect it to pick up pretty quick here.
Early ask slaps on $RECHF wants to clear .30..
Holding up here on some light volume to start the day. Looks like it'll probably pick up here soon.
Yeah I'm feeling pretty confident that the results will be strong.
It sure would help us out if they would release those results! I’m going to assume they are good being this property is adjacent to an already active lithium operation.
Looking forward to opening bell..chatter picking up and could pop at the open..
They said they expected 3 weeks for preliminary results on the October 4th PR. We're beyond that now so I wouldn't be surprised to see it any day. Hopefully next week.
It'll help a lot if we get it soon
I would expect to see updates on their preliminary drilling soon. Should be a good PR if they find a big amount of lithium.
Green close today sets us up nicely for next week.
would love to have a GREEN close to the week
Yea. I don't think they'll last long.
Hopefully gapperrrr
That would be perfect
Let’s clear it to set the tone for the day..
Nice. Good start
Definitely in the loading zone.
Accumulation before explosion
And more coming in
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