Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Tesla Is in Talks With Top Miner BHP Over Nickel-Supply Pact
https://www.google.com.au/amp/s/leaderpost.com/pmn/business-pmn/tesla-is-in-talks-with-top-miner-bhp-over-nickel-supply-pact/wcm/73a7f6ac-a0b3-4709-ad21-f0f48280198a/amp/
Will Tesla Signal The Death Of The Internal Combustion Engine At Battery Day?
https://www.selfwealth.com.au/will-tesla-signal-the-death-of-the-internal-combustion-engine-at-battery-day/
Doubts Cast on Plans for Deluge of New Nickel Supply
https://www.nytimes.com/reuters/2018/11/21/business/21reuters-metals-nickel-supply.html
Disturbance in nickel production in Brazil might act as a boost for prices in the near term
https://www.moneycontrol.com/news/business/commodities/nickel-prices-likely-to-touch-rs-870-in-next-2-months-3221851.html
Battery metals aspirant Australian Mines offered conditional Queensland government support
Queensland government has offered conditional support to help the company’s Sconi cobalt-nickel-scandium project at Greenvale, inland from Townsville.
https://smallcaps.com.au/battery-metals-aspirant-australian-mines-offered-conditional-queensland-government-support/
Elon Musk says "Any mining companies out there - Please Mine Nickel! Don't wait for the price to go up! Tesla will give you a giant contract for a long period of time!
QLD backs Australian Mines for Sconi project developmet
Australian Mines is completing pre-development work at the Sconi cobalt-nickel-scandium project in North Queensland, inching it closer to becoming a key supplier to the electric vehicle (EV) market.
This comes as the company completes its feasibility study and a further independent study of mineralisation targets within Sconi’s existing tenements.
The company has now pegged additional ground adjacent to the Sconi project to take advantage of the opportunity represented by these new nickel, cobalt and scandium targets.
The Queensland Government has granted the Sconi project with prescribed project status, which will help Australian Mines smoothly transition the site into a tier 1 project.
The government has also offered Australian Mines a conditional financial support package for Sconi, subject to the company executing an offtake agreement by September 2020.
https://www.australianmining.com.au/news/qld-backs-australian-mines-for-sconi-project-developmet/
Tesla seeks sustainable nickel miners for EV battery production
Tesla chief executive Elon Musk is pushing miners to produce more nickel as an ingredient of lithium-ion batteries used in its electronic vehicles (EVs) with the incentive of a “giant” contract.
Musk said in a second-quarter earnings call that a “giant contract for a long period of time” would be provided to a miner able to extract zinc in a sustainable and environmentally friendly way.
The high cost of EV batteries remains one of the main roadblocks in Tesla’s growth, according to Musk.
“The real limitation on Tesla growth is cell production at an affordable price. That’s the real limit,” he said.
Tesla is set to increase its business with its battery partners, including Panasonic in Japan and Contemporary Amperex Technology (CATL) in China.
The car maker’s batteries are made from nickel, cobalt and aluminium, but the company has been distancing itself from using cobalt since January last year due to unethical mining practices in Africa along with cost concerns.
However, Tesla signed a deal with Glencore to receive cobalt from its mines in the Democratic Republic of the Congo and manufacture batteries at its Berlin “Gigafactory” in June.
Nickel’s use in battery cells allows them to be energy dense, resulting in lighter and more compact batteries with a higher capacity.
Musk said Tesla would make further announcements about the company’s batteries at its “Battery Day” event in September.
Australian Mining Magazine
Will Tesla face a Nickel shortage? Why Elon made a pitch for more Nickel.
Tesla, "Produce more Nickel. We will give you long-term contracts"
I am sorry to tell you but I don't think Jimmy is reading your posts on here. I think continually posting on here about that is a lost cause. I think you will do much better sending your grievances to SGMD in emails or certified letters.
Then all the other Cannabis companies lied to their shareholders also
I think I lost more than you
There is no fraud here!
You have to start somewhere. I don’t think we were lied too for 2 years. The timing was off. So far as investors investing in cannabis, it is very down right now. No matter what exchange you look at cannabis is down. Investors have fled the space. Canopy Growth is on the NYSE and its stock price is very down. It had a high of $50 last year in April. It went down to as low as $15. The same for many other cannabis companies.So, the deals Jimmy set up with these private companies dealing with SGMD’s stock would have been good in early 2019 but will not work now because there are not enough investors in this space to make the stock price go up. That’s all it is. That’s why he can’t proceed with the other acquisitions because one was an all stock deal. No private company is going to do a deal like that because they can’t get cannabis prices to rise because not enough investors are here. That’s all there is to it.
I don’t think it has to be a new idea. How many hydroponics companies were out there? How many cannabis retail stores are out there? How many hemp processing companies are out there? The answer is a lot. So why does there have to be one? Think about it in every industry there are more than a few companies in a sector of business. How many fast food chains are out there? How many clothing retailers are out there? How many financial service companies are out there? Again, the answer is a ton. My point is there does not need to be just one. The Cannabis revolution is in its infancy. There is more business out there than you can imagine.
So you don’t think this is a legit idea? I mean there are companies like Uber eats out there making money. Every fast food place where I live have delivery services out there. We have to give a chance. I did not invest in Starbucks because I did not think people would pay $5 for coffee. Boy was I wrong.
You should NEVER say never!
Lol
Also, you should have other investments in your portfolio to offset each other. When one goes down others are going up. Never have all your eggs in one basket.
It is self explanatory. You don’t lose money until you sell your stock or the company goes out of business. It’s just like buying a house. If the housing market goes south, you don’t lose money on your house unless you sell in a bad market. You wait and it comes back. It’s just good business.
You don’t lose anything until you sell your stock. It just goes down in value.
Be brave! Get that fear out of your body! Stop your knees from trembling. It’s only money.
Quit running scared. It’s going back up!
He invested in stocks! SGMD is a stock the last time I looked
Lol
Don’t be afraid!
Be Fearful When Others Are Greedy and Greedy When Others Are Fearful - Warren Buffett
It all goes in cycles. Go to the cannabis index and it shows the peaks and valleys of investing in the cannabis sector. I believe that very soon this sector is going to be booming again. Bernie Sanders said the other day that his first day in office that he will legalize marijuana. Do you think Trump is going to let that fly? No! Trump is going to take the wind out of his sails. Trump is going to legalize marijuana so that it is not a campaign issue in 2020.
Cannabis Index
https://www.newcannabisventures.com/cannabis-stock-index/
Bernie Sanders Pledges Legal Marijuana In All 50 States
https://www.forbes.com/sites/tomangell/2020/02/01/bernie-sanders-pledges-legal-marijuana-in-all-50-states-on-day-one-as-president/#568af3ef1c16
You have to be positive. You and I have went back and forth a few times, but this is the first time I have seen you post something like this. Let’s see what the plan is. You never know what can happen.
You just never know...lol
I am NOT telling you not to investigate because I know you have invested a lot of money into this and I am right behind you. But, I think it is going to be a tough thing to prove because of this atrocious business environment. This environment is going to weed out a lot of players in this space. The ones that survive this period are going to be the true winners.
As long as they can keep their doors open we have a good chance of getting a good portion of our money back or even make a small profit. Let’s face it, a lot of these companies are going to go out of business. So, let’s just see who they are partner with and look at the plan. Investors are just starting to come back.
I am disappointed but I do not feel misled. I mean you saw the pictures of BZRTH integrated with SGMD. You saw it on their website. Some have even went to the facility and said they were integrated and just one big happy family. What happened here is a product of the cannabis stock environment plain and simple. If he could have done that deal a few months earlier when things were popping then it would have been a done deal. It did not happen at the right time and that’s it. So to say that he was misleading then you have to say BZRTH, K&J, Sky, etc was misleading. I just say it’s a product of this horrible cannabis business environment.
It’s because the BZRTH acquisition was dependent on a rising stock share price. Very few cannabis related stocks are getting significantly rising prices in this environment because a lot of investors have fled the space. That’s why he can’t proceed with the other acquisitions because some of them are all stock deals. What private company is going to go through with a deal if they have no hope of rising stock prices? None. So, we have what we have until the market recovers. If he partners with a significant partner the stock price can rise a lot higher than what it is. Investors were just starting to come back to this space before that Chinese virus.
We just don't know who they are partnering with. With the right partners it could affect the stock price for the better.
It's a guessing game with a lot of these stocks. I was looking at investing in Tesla stocks when it was around $200. But, I did not because the China -US trade war was in high gear and all of the analyst were saying it was going to go down because of that. There were a few of these big high profile investors shorting it. So, I thought it was going to go down and did not invest in it. But, look where it is at now. It's almost $600 a share. So, you just can't be sure where it's going to go.
Yes, it was a public embarrassment for them. They announce it was complete and completely formed the new enterprise, Equilon. It operated for a short period of time. They spent millions researching the name and logos, changing it on signs, vehicles, office supplies, bulidings, etc from Shell to Equilon. Then had to spend millions changing everything back to Shell. It happens.
It happens sometimes. Companies come together and then sometimes they exercise their option to get out of the deal when things are not right for them. In this case, the stock's in the cannabis space are depressed. Not enough investors in the space to get the stock price to rise to so that BZRTH can get their money. Go on Investorshub and get on the message board of any cannabis related stocks. You will see the same thing. Mostly everyone is in the same boat. It's not the CEO's fault or BZRTH. It's just the environment that we are in right now. Yes it's disappointing. We all have a lot of money in this. But it happen sometimes.
For example, In 1999, Texaco formed a joint venture with Shell Oil Company,
named Equilon. They had trouble merging the cultures together among other problems. Well Texaco started talking to Chevron and On February 8, 2002 Chevron Corporation merged with Texaco. Texaco pulled out of Equilon. Shell had to purchase Texaco's interest in Equilon and rename it back to Shell. They wasted millions of dollars. I was there, so it can happen.
https://en.wikipedia.org/wiki/Texaco
Amen!