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This is still moving despite all the negative press and trading warnings.. It’s screaming buy to me... bullish
This rebound may last 3 trading days.
IMO
Lithium has investors in a ‘frenzy’ — and soon you’ll be able to trade it too
Ryan Browne
CNBC October 4, 2017
The future of electric vehicles has led several investors to view lithium as the hot new commodity. Governments and car manufacturers alike have taken steps to electrify fleets and further phase out the combustion engine. In turn, many traders now believe lithium to be a high-return investment as demand soars.
This is no surprise; lithium is a vital component to lithium-ion batteries. These rechargeable batteries are used in devices as common as smartphones and laptops. They have increasingly become popular with electric car manufacturers due to being able to produce more electricity per unit than conventional batteries. "Any consumer behavior is going toward electric vehicles so the market is forced to come with them," Brian Paes-Braga, CEO of Lithium X, told CNBC via phone call last month. "I'm absolutely a believer in electric vehicles. "But trading lithium is no easy task. "There's very few ways to play the space. You've got to provide investors with the opportunity to play this revolution that's happening in the transportation business and energy business," Paes-Braga said. Traders can buy the physical metal but there is not yet a single lithium commodities exchange in existence.
One alternative is to bet on a fund that tracks a basket of lithium producers and battery tech manufacturers. The Global X Lithium & Battery Tech ETF (LIT) has climbed at least 50 percent in the last 12 months.
"It's not exactly a lithium ETF (exchange traded fund). It's an ETF of companies that have exposure to lithium, and it includes both producers and consumers of lithium," Jeffrey Christian, managing director at CPM Group, told CNBC via phone call last month. But now analysts believe there could be an alternative to investing in lithium, one that would allow traders to make hedge investments to reduce risk, or bet on possible movements in the price of the commodity.
Exchanges discussing lithium futures A lack of avenues into buying and selling lithium is an issue that has led some investors to believe a lithium futures contract might one day be possible. There has been increasing discussion about the possibility of lithium futures contracts, according to a Bank of America Merrill Lynch study published last month.
Analysts have echoed this sentiment. "It's possible that there will be a lithium futures contract, I know some of the exchanges are talking about it," CPM Group's Christian said. "A well-run exchange is going to take a lot of time to consider a lot of implications, including the diversification and the number of companies on the supply side as well as the demand side, the potential for investor participation in it, storage issues, whether there are sufficient inventories to support a futures exchange. "Futures contracts allow commodities traders to agree to buy or sell a particular commodity at a predetermined price later. This enables price movement speculation and the avoidance of volatility in the market. As well as this, it would allow lithium producers to lock in prices and thereby secure an immutable return, so long as they produce the agreed amount of an asset."
As lithium becomes an increasingly important metal to the tech and transportation industries, we anticipate there will be efforts to create futures contracts for the metal," Jay Jacobs, director of research at Global X, told CNBC via email last week. "A lithium futures contract would allow producers and users of the commodity to help mitigate risks associated with price fluctuations. "He noted that investors were better off buying lithium mining stocks for the meantime. "We see the upstream lithium miners as the biggest beneficiaries in this market because they have the most exposure to lithium prices. Miners are compensated on the price of lithium and the amount of output."
Jacobs said indications that China could set a deadline for sales of fossil fuel-run cars to come to an end had driven up the demand expectation for lithium-ion batteries.
He added: "With that being said, battery producers have benefited from this trend as well as they play a key role in supplying the staggering amount of batteries that will be necessary for a growing electric car fleet around the globe. "'Speculative frenzy.” This trend will however be faced with difficulties, analysts noted.
Billionaire Elon Musk's Tesla is one of the most notable firms included in Global X's lithium-related fund (NYSE Arca: LIT) - but skeptics claim that profitability is a concern for the electric car maker.
If the business model of automakers falters on a reining in of petroleum and diesel, this could take its toll on both the supply of lithium and demand. "There are a lot of uncertainties about how it will all shake out, and any transformation away from petrol-powered vehicles to electric vehicles is going to take a long time to evolve," CPM Group's Christian said. "In the meantime, you clearly have a speculative frenzy related to lithium and the idea of electric vehicles. So there are any number of people who are investing in lithium and companies related to lithium as if there's going to be this massive transformation. It's probably going to take decades to occur, and something else might come along and change it all. "A number of automotive players have made significant moves towards electric vehicles.
Last month, Carlos Ghosn, chairman and chief executive of the Renault-Nissan-Mitsubishi Alliance, said the group of carmakers would introduce 12 zero-emission electric vehicles by 2022.
In an interview with CNBC, he addressed concerns of "bottlenecks" in production that could arise from refining capacity shortfalls for lithium miners. He said: "This is a risk. I think it's very remote. We have evaluated the capacity of production of lithium and the capacity that can be made available very quickly. We don't think this is going to be a bottleneck at least for the next five-to-six years. "Tesla added to concerns of production "bottlenecks" Monday, after the firm admitted it had delivered just 220 of its new Model 3 vehicles in the third quarter — well below analyst expectations.
But Global X's Jacob said investors should be "patient" with the pace of electric car and battery storage developments. "We believe this is a multi-decade theme as battery costs fall and electric vehicles eventually replace combustion engine vehicles," he said. "Therefore, we believe investors should be patient to allow this theme to fully develop as well as seek broad exposure to the full lithium cycle, including lithium miners and processors, as well as battery producers.
"And Lithium X's Paes-Braga said that, although lithium remains a "small market," he could see a futures contract on the way. "I don't think (it will happen) yet – but I do believe that at some point there will be a futures market for sure. It (lithium) is not unlike other markets," he said.
Anyone who has looked at charts for awhile can predict the following move. You can profit from this!
A stock, for whatever reason, starts to ramp up. It is rare when a stock can stay over RSI(14) 80 for an extended period of time. When you see a parabolic move up, It can possibly be due to "pump" or "promotion". This trend is not sustaining and what follows is a crash. BUT, many see this as an opportunity to buy "cheap" shares after the stock was at lofty levels.
So, the stock turns around and heads higher again. BUT, you will see that the second rampup does not reach the previous high.
The stock will selloff agin and "party over".
Moral to this story. If you miss the first ramp, wait for the inevitable selloff and buy when the stock hits bottom. Take a healthy profit before it peaks again.
Could go a lot higher or drop back to $.55 on any week. All speculative.
Lots of hype on this one. Speculative. Actual mining begins when? Suspect will drop precipitously in short order.
Besides LIT, which one of these companies is catching your eye?
Investors Increasingly Confident in Lithium as Industry Gains Momentum
Date :10/26/2017
Source :Network News Wire
Sometimes revolutions take time to develop before arriving without almost no recognition. Over the course of the last dozen years, lithium-ion batteries (Li-ion) have quietly become ingrained in society and have transformed every aspect of life.
Commonly recognized as power sources for portable electronics like laptops and cell phones, rechargeable lithium-ion batteries are lighter and smaller than lead acid batteries, have a high tolerance for movement and temperature changes, recharge much faster than other chemistries and, importantly, maintain their power delivery during use. Li-ion batteries have found their way into a myriad of other applications far beyond our indispensable electronic devices. Power tools, lawn mowers, implanted medical devices, wheelchairs, hearing aids, boat motors, solar power storage, military technology, emergency power backups and, increasingly, electric vehicles (EVs) are all powered by the now ubiquitous lithium-ion battery. With seemingly endless applications, it’s apparent that the lithium revolution has arrived. The unabated demand for Li-ion batteries has engendered an insatiable appetite for lithium and sparked a global quest for new resources.
Surging demand and inadequate market supply are intensifying the quest by lithium mining companies like Standard Lithium Ltd. (TSXV: SLL) (FRA: S5L) (OTCQX: STLHF) (STLHF Profile), Liberty One Lithium Corp. (TSXV: LBY) (OTCQB: LRTTF), Galaxy Resources Ltd. (OTC: GALXF) and Nemaska Lithium, Inc. (TSX: NMX) (OTCQX: NMKEF), while Global X Lithium & Battery Tech (NYSE: LIT) provides a deeper look into the health of the lithium industry.
Demand for lithium is projected to mushroom over 300% within eight years. Growth projections are largely based on increased consumer uses and the global proliferation of electric vehicles. However, the estimates may be vastly understated and could skyrocket much further. A recent Wall Street Journal article uncovered what may be an even greater demand driver. Multiple states and municipalities, in conjunction with utilities, are revamping their electric grids and utilizing high-density Li-ion energy storage solutions to power homes and make the grid more efficient (nnw.fm/M1LJu).
Utility companies now store energy in neighborhood battery junction boxes during off-peak hours and use it during peak demand. The utility then avoids purchasing expensive peak demand electricity. The largest home energy storage project in the country is being undertaken by Arizona’s Mandalay Homes, with plans to build 4,000 ultra-energy-efficient homes equipped with 8 kilowatt-hour Li-ion batteries. In Vermont, Green Mountain Power has offered homeowners a Tesla Powerwall for $15 a month. The 13.5 kilowatt-hour batteries are engaged when the electrical grid is strained to maximum capacity, preserving the grid and saving the utility company money. Many believe that modernization of the nation’s electric grid will drive the need for lithium far beyond current projections.
Positioned to exploit the burgeoning demand, Standard Lithium Ltd. (TSXV: SLL) (FRA: S5L) (OTCQX: STLHF) is actively engaged in further exploration and the immediate development of its Bristol Dry Lake brine project located in the Mojave region of California. Standard Lithium’s Bristol Dry Lake project encompasses 16,600+ acres of important placer mineral claims. Geophysicists concluded a comprehensive gravity survey over the entire basin, and data interpretation indicates that the basin is both deep and expansive. Historical drilling and sampling to total depths of approximately 500 feet have produced meaningful brine samples with lithium values over 100 mg/L for the entire drilled interval.
Acquired through a strategic mineral lease agreement with National Chloride Corporation of America, the Bristol Dry Lake area has long been surface-mined to produce chloride for industrial applications. Consequently, the area has exceptional mining infrastructure already in place, mitigating the primary challenges of cost effective lithium mining and production - location, access and infrastructure. Standard Lithium’s location has easy road and rail access and abundant electricity and water sources, and it is already permitted for extensive brine extraction and processing activities.
Electric power and water are on the property with a major paved road on the western edge and a rail siding nearby. The mineral lease agreement with National Chloride allows Standard Lithium immediate access to conduct exploration brine sampling and extraction, evaporation and processing activities, enabling a fast-tracked project development schedule. The project is in a mining friendly, clean energy development jurisdiction with proven near surface brines which provide for efficient geophysical exploration drilling programs.
The company expects selective lithium recovery through a combination of membrane, chemical precipitation and solvent extraction. With a market cap around $70 million, successful strategy execution could easily propel Standard Lithium to new heights as a significant low cost domestic producer of battery grade lithium materials.
To exceed objectives and market expectations, Standard Lithium has established a world class Scientific Advisory Council of lithium extraction scientists and process engineers that is in charge of the lithium extraction process testing work (http://nnw.fm/8hErG). As Standard Lithium CEO Robert Mintak stated, “Standard Lithium has a very clear focus…we have the ideal team with a blend of experience, knowledge, technical agility and pragmatic problem-solving abilities, to develop optimal process solutions for Standard Lithium’s world-class assets”. Standard Lithium is determined to produce low cost domestic lithium and capitalize on the immense global shortages.
A Canada-based exploration company, Liberty One Lithium Corp. TSXV: LBY) (OTCQB: LRTTF) is focused on the acquisition and development of high grade lithium brine deposits. The company recently announced that it had received the requisite environmental and drilling permits for its Pocitos West property in Salta Province of Northern Argentina and intends to immediately commence drilling. The property is located in the Pocitos Salar, Los Andes Department, Western Salta Province of Argentina and consists of over 39,000 acres in the middle of the renowned lithium triangle. Liberty One also has 233 placer claims encompassing 4,480 acres located in the Paradox Basin in Grand County, Utah.
Australia-based Galaxy Resources Limited (OTC: GALXF) owns lithium production facilities, hard rock mines and brine assets in Australia, Canada and Argentina. It wholly owns and operates the James Bay lithium pegmatite project in Quebec, Canada, and the Mt. Cattlin mine in Ravensthorpe, Western Australia, which is currently producing spodumene and tantalum concentrate. Galaxy is also advancing plans to develop the Sal de Vida lithium and potash brine project in Argentina, situated in the lithium triangle, which is currently the source of 60% of global lithium production.
Nemaska Lithium, Inc. (TSX: NMX) (OTCQX: NMKEF) is a Canadian exploration stage lithium miner focused on finding and producing the metal through exploration and development of hard rock lithium mining and the processing of spodumene (lithium aluminum silicate) into lithium compounds. The company has yet to produce lithium but claims a proprietary process to produce lithium hydroxide and lithium carbonate, for which patents have been filed. Trading near its all-time high, the company has a $500+ million market valuation.
Global X Lithium & Battery Tech (NYSE: LIT) further demonstrates the strength of lithium, earlier this week clipping a new 52-week high of $39.96. As reported by CNBC in September (http://nnw.fm/Etvr9), the exchange traded fund (ETF) gained $143 million within a roughly a week after China announced its intention to phase out vehicles using gasoline and diesel. China represents the world’s largest market for EVs, and is one of seven countries on track to ban the use of internal combustion engines Global X Lithium & Battery Tech’s net assets are $931,501,203.83.
From fire to fossil fuels, quality of life has been governed by the taming of energy sources. There’s a titanic shift underway revolutionizing energy utilization. The meteoric demand for Li-ion batteries will remain unabated as grids modernize to handle the massive influx of battery-powered homes, electric vehicles and evermore devices. To profit from this titanic energy transformation, investors must have direct or indirect exposure to the lithium revolution.
Quote:
Pursuant to an agreement between us and Pyronix Media we have been hired for a an additional period beginning 7/20/2017 and ending 10/1/2017 we’ve been compensated an additional $50,000 cash.
Close enough ...
13 million volume; crazy day. I still see potential in this company and just think it shot up to fast with an emphasis on promotion, which caused a lot of people, including myself to sell off and take some nice profits.
I’m going to monitor and if it drops below $1 I think I’m going to jump back in with the hope their digging result are positive and i can ride the next wave
What does this promo you mention have to do with this run and dip? Nothing. Happened in the past.
Is this a good investment opportunity?
It was up over 300% for the month of October before the 40% pullback. To answer your question a long term investor that maybe takes half his assets off the table and pays his taxes yet believes the company will go higher and leaves the other half to grow.
Heading back up.. won’t be surprised when it hit $2
I have one question?
Who in their right mind would watch this drop 40 % in one day and still be holding the stock?
Thanks for the heads up my friend, you hopefully saved some people from losing some money.
This was being shorted
no penny stock trades.
everyone who's making money on this right now.
Just felt I wanted to lock it in, obviously it continues to go up so big mistake on my part.
Pursuant to an agreement between us and Pyronix Media we have been hired for a an additional period beginning 7/20/2017 and ending 10/1/2017 we’ve been compensated an additional $50,000 cash.
Who would buy this? Just read Pizza Boy post.
$LRTTF being shorted....it's time for $FRRSF
Samples came out today, going to be huge core expected any day.
FAR RESOURCES RECEIVES HIGH GRADE ASSAYS OF 1.42% TO 2.71% LI2O AND MOBILIZES PROSPECTING TEAM TO ZORO LITHIUM PROPERTY AND PREPARES FOR MANITOBA MINING AND MINERALS CONVENTION
https://www.stockwatch.com/News/Item.aspx?bid=Z-C%3aFAT-2520885&symbol=FAT®ion=C
FAR RESOURCES COMPLETES DRILL PROGRAM AND INTERSECTS UP TO 40.5 METRES OF SPODUMENE PEGMATITE IN DYKE 1, ZORO LITHIUM PROPERTY, MANITOBA
https://www.stockwatch.com/News/Item.aspx?bid=Z-C%3aFAT-2514777&symbol=FAT®ion=C
Down 35 percent......Oh......my......goodness.
Only down 18 percent up here tho : (on 1.4 million versus 11 mil there)
Liberty One Lithium Corp
.
Wait a minute : Why's it only .30 cents up here but $1.20 down there ?
That's not the exchange rate - Ain't THAT much of a diff
Are there 4X FEWER sheres down there or somethin' ?
This will jump back up next week.. Tim Skyes and his peoples shorting this
Nope, I sold first thing this morning.....took alittle too long which cost me some cash but overall made a nice profit.
Nmkef is a solid lithium mine just going into production. Expect big gains!
Common shares: Unlimited number of common shares
is this real? lul
Thanks for the info, it saved me from chasing this one. The uptick in the last couple of weeks has been amazing but now knowing the CEO is a turd, I'm passing on it.
Best of luck
Very interesting post. Facts speak wonders.
What you boys failed to-realize was who was-pushing it up?
They are the ones that got your money.
1. Shorts
2. Company dilution
Your free money or free shares as I read on this board is funny, when this ticks down there goes your entire profit on what you refer to as your big winner in 2017.
They will continue to play you as long as you have skin in the game.
The only way to beat them is hit the sell button before they unload it ALL.
Its all too obvious this is probably just a BIG promotion
Thanks for the heads up my friend, you hopefully saved some people from losing some money.
I agree with you.
Yeah this little party is over the ones that hang around will lose it all.
Yeah I took some profits off the table, I'd be kicking myself if I didn't lol.
Your 2 dollars is with the shorts my friend, along with all your profits if you have not sold yet.
This was being shorted and now they are cleaning up with your money.
Look for .60 if you are lucky.
Too late to sell shares now.
It takes one good trader to get them sold for the ask.
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Bradley Hoeppner
T (604) 343-4547
E info@l1lithium.com
Exchange/Symbol: TSX-V: LBY.H Otc LRTTF
CUSIP: 53116A107
ISIN: CA53116A1075
Fiscal Year End: Dec 31
Shares Outstanding (02/16/17): 32.73M
Web Site
https://libertyonelithium.com/
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