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You decided to buy WOLV shares.
Lke everyone else, you took a chance, made a risky decision to invest your retirement funds into a penny mining stock.
You've lost money and are blaming the company, IR etc for your investment decisions.
You could have made money with WOLV, but didn't. So, now we know your reason for all the negative posting. Got nothing to do with WOLV and its mining exploration and everything to do with you losing $33,000.
btw I already took some losses 33k errrr. I sold 1/2 my main position when I was lied to by Bruce and IR!!! Kept the rest so I could follow WOLV and the players while holding a huge losing position in my portfolio.
No way am I selling at this range!
Those that wait will be rewarded. However, sometimes peeps have emergencies and must sell.
WOLV shareholders understand that in the junior mining world, you take huge risks. WOLV has been using funds to drill and explore its copper property and ultimately, did not produce the results we were all hoping for.
For me, this is proof that they a real company with no bs pr's. I understand your frustration, but I do not agree with your assessment of WOLV and its management.
The exploration will continue....maybe on another property.
Empire adheres to a well-defined and focused investment strategy that
is driven by the firm’s successful history of acquiring business units
from large public and private corporations. The firm takes controlling
interests in diversified, mature, lower middle-market businesses,
with enterprise values up to $100 million. At Empire, we focus on
investment opportunities that allow us to unlock and enhance value
by leveraging our operational experience with corporate divestitures.
Empire has a proven track record of optimizing and adding significant
value through a structured, repeatable and time-tested investment
process. Since we invest our own capital, we approach each
investment with a long-term view. Therefore, Empire takes a very
detailed hands-on operational approach in the identification and
selection of an investment opportunity, the development and
execution of transition plans tailored to meet the needs of each
acquired company, as well as providing ongoing oversight and
strategic development.
Strategy
We appreciated Empire’s thorough and
flexible approach to the divestiture.
David S. Haffner, President/CEO I Leggett & Platt
“ ”
14 2
Empire I Track Record
Businesses Acquired: Realizations
So, they could be looking for a suitor for VSYS or they could acquire VSYS? Interesting.
About Empire
Empire Investment Holdings (“Empire”) is a private investment firm focused on the acquisition and strategic management of business units from public and private companies. Empire has acquired business units from Fortune 500 companies such as; IKON Office Solutions, Teleflex, Leggett & Platt, Ahlstrom and Discovery Communications. Empire’s portfolio is comprised of operating companies that serve thousands of customers worldwide through a global footprint and over 1,000 associates.
Nealg,
what does Empire Relations Holdings specialize in?
Unregistered Sale of Equity Securities
Item 3.02 Unregistered Sale of Equity Securities.
On May 15, 2013, Viscount Systems, Inc. issued 520,000 common shares in consideration for consulting services from Empire Relations Holdings LLC.
The securities were sold to an accredited investor pursuant to Rule 506 of Regulation D under the United States Securities Act of 1933.
More contracts...more good news. more Federal Gov business.
I'm not a shareholder here any longer.
Draw your own conclusions, or keep an open mind, it's entirely up to each person to make those decisions.
How's ultrasonic generator doing? Too funny.
That is my understanding too.
I agree with them, that if they can generate and book more business, VSYS will become an attractive buyout candidate for a larger company that wants to acquire their technology.
Volume is up and interest is up. SOmething is coming. Not sure what or when.
I liked it once until I was lied to by various WOLV associates. Many lie for monay and if they need money enough to lie then that is a red flag
I hope this means something.
The Paleozoic rocks at Rimrock have been domally uplifted to the surface, immediately west of the property boundary, with Vinini Formation sedimentary rocks present.As a result, the mineralized layer with Carlin-style gold potential could be much closer to the surface than at Hollister or at Midas. Fault feeders for gold are critical in defining where both Midas- and Carlin-style gold mineralized bodies lie, and CSAMT has been proven as an excellent, cost-effective technique to identify fault feeders in the region. An updated evaluation of the northwest extension of the Carlin trend has just been completed, and the Rimrock property is interpreted to lie directly in the heart of this projection of the prolific gold-bearing trend.
Ultrasonic Cavitation Generators (UCGs).
More like UGH! Or Ultrasonic BS Generators!
Good to see you here Red!
Are you an Esq now?
Yes, I hope he opens doors for VSYS to sell its wares....
BURNABY, British Columbia--(BUSINESS WIRE)--Viscount Systems Inc. (OTCBB:VSYS) a high technology supplier of security systems and software, today announced the addition of Robert P. Liscouski to the Company’s Board of Directors. Mr. Liscouski is currently a partner at Secure Strategy Group, LLC and serves on the board of several public and private security companies. He was the first Assistant Secretary for Infrastructure Protection for the Department of Homeland Security, serving from March 2003 to February 2005, reporting directly to then Secretary Tom Ridge. He commanded over a $500 million annual budget and was responsible for coordinating authority over the protection of all sectors of the nation's physical and cybersecurity infrastructure, including energy, food, water, public health, transportation, and hazardous materials, as well as key assets such as national monuments, nuclear power plants, and dams. His private sector experience includes Chief Information Officer for The Coca-Cola Company and V.P., Law Enforcement Division, for ORION Scientific Systems. Mr. Liscouski’s government experience includes 11 years with the Diplomatic Security Service of the U.S. Department of State and five years criminal investigative experience as a homicide and narcotics investigator in Bergen County, N.J. He is a Senior Fellow at the Center of Strategic and International Studies in Washington, D.C. and is an advisor to the U.S. Government on technology matters. Mr. Liscouski holds a B.S. degree in Criminal Justice from John Jay College of Criminal Justice in New York, and a Masters of Public Administration from the Kennedy School of Government, Harvard University.
They have the money for further exploration...so let's hope for more news on that front.
"We are very excited to have completed the initial geological mapping and geochemical sampling work on the Rimrock property and discovering a significant new gold-silver target. Our plan is to analyze the data, initiate geophysical surveys, and commence a preliminary drill program this summer," stated President and CEO, Jordan Starkman.
Thanks Redstick. Good to see shareholders that are following the VSYS story.
By that point, shares should be significantly higher based on the company now having exhibited it has "turned the corner" and thereby attracting a new class of investors who otherwise remained sidelined until management was able to prove it can run a profitable business. In the interim timeframe, I expect shares to progressively melt higher and am confident an entry at current levels will be met with respectable gains in as little as 1-4 months. While there is still substantial risk associated with this company (and any micro-cap company), I firmly believe the risk/reward profile today is as favorable as it's been in years (and significantly more favorable than the large majority of other micro-cap OTC companies).
Wish I could load up now. Very easy money to be made at these levels.
Wowza...................wonder what's up with our WOLVY!
Could it be news?
Could it be......................................
You claim that Merle told you the list of tests being performed. Burden of proof is on you.
Yes, there is no easy money.
But, if you buy at these levels, its a no brainer.
I would not invest my retirement in WOLV or any other penny stock. Nor would I use funds that I need to live on.
That's why I have more patience and don't whine as much about WOLV.
There's no such thing as easy money.
The time to buy WOLV is now.
Wish I could load up now. Very easy money to be made at these levels.
5 billion in assets and he can barely keep this above .02? Sad.
Remember the $500K in money RMRK has to start up exploration of the gold property. I would think some press releases about that may spark interest.
$12 mill in value! Bring it!
So far in 2013, we have announced follow-on purchase orders from the U.S. government and new contracts with a diverse set of commercial customers, including two school districts, a Canadian hotel chain and a large, U.S. industrial facility,” he added. “Our pipeline of business opportunities for Freedom is currently valued at more than $12 million, its highest level since the launch of Freedom and a number significantly greater than our pipeline of one year ago. We are working diligently towards converting this potential value into actual sales. We’ve been in active discussions with strategic channel partners in order to accelerate our market presence and reach, and we expect to conclude agreements with one or more of these companies. Finally, we have improved our ability to execute on our growth plan and manage our growth by bringing on a new Chief Operating Officer and additional salespeople.”
VSYS is purchased by a larger player in the security industry that wants its products.
IS this a foreign concept to you?
You need to see the future here. The sales and the contracts and the buy out offers.
If not, you can sell now and go with a "proven" winner.
Yes, VSYS has partnered with Microsoft................I see nothing but good news for this little gem.
Integrated Security Solution
Microsoft’s Global Security Operations Centers(GSOC) showcase best-practice use of Microsoft products in a real world operational environment; and highlight best-in-class partner software applications based on Microsoft technologies.
Implementing and monitoring physical security for an enterprise the size of Microsoft can be cumbersome and expensive; traditional approaches are inefficient and difficult to manage on a global scale.
Microsoft combines its physical security infrastructure with IT practices using off- the-shelf software applications to create a streamlined, efficient and cost-effective security solution that can be managed from anywhere in the world.
Each GSOC monitors and responds to signal data and event notifications within its own region. Signal data includes intrusion, duress, environment and fire alarm information from all of the equipment related to physical security access control and monitoring. The GSOCs also facilitate communications and dispatch on-site security in response to events.
Interoperability
Should any one of the three GSOCs be taken offline due to extenuating circumstances such as a power outage, monitoring loads can be transferred to one of the other GSOCs within minutes.
The monitoring personnel can examine building maps and video on any of the cameras near any reported event. While making an assessment using our GSOC SharePoint site, personnel can send instant messages to dispatchers who then relay instructions to local responders by way of Radio over IP (RoIP).
This allows a local, precision response to an event monitored from the other side of town — or the other side of the globe.
Global Reach
The GSOCs monitor 700 sites worldwide, along with 183,000 active personnel access accounts, 14,000 access card readers, 17,000 video cameras connected to 934 IP addressable digital video recorders and 330 fire panels.
These sites also include more than 9,000 other devices, including duress alarms, biometric security systems and environmental alarms.
© 2013 Microsoft
Privacy Statement
Physical Security/GSOC
Security Consulting
Security Policy
Investigations
Access Management
Security Technologies
Enterprise Incident
Communication
Event Security
Background Check
Executive Protection
© 2013 Microsoft
Privacy Statement
Microsoft Products
Windows 8
Office 2013
Lync
Exchange
Sharepoint Server
SQL SERVER 2012
Aditi
Adventos
Amreli Tech
Aronson
Security Group
ConTgo
MTA Mapcast
General
Dynamics IT
Genetec
Guidepost Solutions
IDV Solutions
IRSA
Jemez Technology
Lenel OnGuard
Motorola
Radio over IP
Perspective by PPM 2000
Secure Source International
Simudyne
Twisted Pair Solutions
VBrick
Velocidi
Viscount Systems
Our lithium property does have value in the long term especially when Nemaska is moving forward with financing and the building of a plant.
I just hope that RMRK does not give it up, or sell it for a song and a dance. If Abigail is sold to Champagne or a group controlled by him.......................
Nemaska Lithium Launches a C$25Million QSSP II Eligible Offering
March 14, 2013
QUEBEC CITY, QUEBEC--(March 14, 2013) -
THIS NEWS RELEASE IS NOT FOR DISTRIBUTION TO U.S. WIRE NEWS SERVICES OR FOR DISSEMINATION IN THE UNITED STATES
Meantime over at our neighbors's lithium property....................
Nemaska Lithium Inc. ("Nemaska" or the "Corporation") (TSX VENTURE:NMX)(OTCQX:NMKEF) has filed a Prospectus Supplement to the Base Shelf Prospectus dated March 4, 2013 with the securities regulatory authorities in each of the Provinces of Québec, Ontario, Alberta and British-Columbia, in relation to a marketed offering (the "Offering") of 62,500,000 units ("Units") in the capital of the Corporation at a price of C$0.40 per unit. Each unit is comprised of one common share of Nemaska ("Unit Share") and half of a common share purchase warrant ("Warrant"). Each whole Warrant is exercisable for a period of 24 months from the date of closing to purchase one common share of Nemaska at a price of $0.55. The Offering is expected to close on or around March 28, 2013.
The Corporation has received an advance ruling from the Ministère du Revenu du Québec confirming that the Corporation is a qualified issuing corporation for the purposes of the Québec Stock Savings Plan II ("QSSP II") and that the Common Shares forming part of the Units are qualified shares for a QSSP II qualified mutual fund.
The Offering is being conducted on a best efforts marketed basis through a syndicate of investment dealers co-led by Euro Pacific Canada inc. as sole bookrunner and Casimir Capital Ltd., and including, Mackie Research Capital Corporation Limited and National Bank Financial (collectively, the "Agents").
The Corporation has also granted the Agents an option (the "Over-Allotment Option"), exercisable no later than 30 days after the Closing Date, to purchase additional Units (the "Over-Allotment Units") at the Offering Price and/or additional Warrants (the "Over-Allotment Warrants" and together with the Over-Allotment Units, the "Additional Securities"). The maximum number of Over-Allotment Units shall be equal to 15% of the total Units sold in the Offering (being up to 9,375,000 Over-Allotment Units) less the number of Over-Allotment Warrants, if any, purchased by the Agents. The maximum number of Over-Allotment Warrants shall be equal to 15% of the total Units sold in the Offering less the number of Over-Allotment Units, if any, purchased by the Agents.
The Corporation plans to use the proceeds of the offering to start the detailed engineering and to make deposits for the acquisition of long lead items in connection with the construction of a Phase 1 processing plant in Salaberry-de-Valleyfield, Québec. Also, the net proceeds will be used to start the construction of the Phase 1 processing plant, continue with the permitting process and studies for the Whabouchi project in order to obtain the required environmental permit for such property as well as for general corporate purposes.
A copy of the Prospectus Supplement may be obtained from the Corporation's Corporate Secretary by emailing info@nemaskalithium.com or directing a request to Nemaska Lithium inc. at 450, rue de la Gare-du-Palais, 1st floor, Québec (Québec) G1K 3X2, Telephone (418) 704-6038, Attn: Corporate Secretary, or can be found on SEDAR at www.sedar.com.
Get your facts straight!
She has a sari worn by Mother Teresa.
We also have that lithium property that TUCA couldn't raise money to explore.
By The Energy Report | Wed, 13 March 2013 15:23 | 0
The big bullish story on lithium holds that once consumers make the switch from fuel-burning cars to electric vehicles, the resulting demand for high-quality lithium batteries could make millionaires of investors exposed to lithium miners. Consumers aren't making the switch overnight, but Dundee Analyst Mansur Khan sees a tipping point on its way, along with blue sky potential. Khan has the skinny on mining companies with the goods to supply an ever-hungrier auto market and the skill to thrive in tight market conditions. Learn which names offer maximum upside in this The Energy Report interview.
The Energy Report: During your last interview, you discussed the "tight" lithium supply-demand equation. Considering that a number of new projects are in the works, is there going to be a supply surplus in the next few years?
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Mansur Khan: It depends largely on how successfully these projects come on-line, how disciplined producers are in introducing new supply (for example, not flooding markets), how they each position themselves within the lithium value chain and how strategically buyers source supply and promote a diversity of producers, jurisdictions and mining methods.
As we have seen, Galaxy Resources Ltd. (GXY:ASX, Not Rated) has had commissioning challenges over the past year and FMC Lithium Corp. (FMC:NYSE, Not Rated) is having its own expansion issues. So supply isn't always as easily and smoothly expanded as seems theoretically possible.
Naturally, demand growth would also play a key role in determining the pace at which new supply can be brought on-line. Keep in mind that industry estimates currently forecast a doubling or tripling of lithium demand by 2020, depending on the market share of electric vehicles (EVs) and the mix of hybrid vs. full EVs. If EVs gain a large share of the market, we may very well go from worrying about oversupply to worrying about a shortage.
So it's a bit difficult to say exactly what the near-term picture will look like. However, given the increased production capacity, we do expect prices to stay relatively flat, if not face downward pressure in the coming year or two or until incremental demand increases start to soak up additional supply. We feel comfortable with our conservative long-term, battery-grade lithium carbonate price at ~$5,875 per tonne.
TER: You just wrote in a report that there will be a "myriad of lithium-based products in the years ahead." What are the potential profit implications for the companies you follow, and who stands to gain or lose?
MK: We've heard the umbrella term "lithium carbonate equivalent" (LCE) a lot over the years—in reality, lithium is not sold in a standard commoditized form but is converted to a range of lithium-based saleable products, often specific to various customer processes and applications. How this product and competitive landscape shapes up depends on a number of factors including cost advantages, technical expertise, product knowledge and customer relationships. In a recent presentation, Roskill, an international metals and minerals research firm, discussed the likelihood of major producers leveraging their strengths to focus increasingly on higher value-added and less crowded product niches (such as organolithium products), potentially leaving room for new entrants to focus on less value-added lithium-based products requiring fewer conversion steps.
Among the companies that we follow, the three brine developers in Argentina that are focused on battery-grade lithium carbonate are likely to have a cost advantage over their hard-rock peers in this regard once they are up and running. The challenge here would be getting consistent production, given the country's susceptibility to weather conditions, as illustrated by FMC in recent years. Among the two hard-rock companies that we cover, Canada Lithium Corp. (CLQ:TSX; CLQMF:OTCQX, BUY, High Risk, Target CA$1) will be starting with battery-grade lithium carbonate followed by lithium hydroxide and potentially lithium metal down the road. Nemaska Lithium Inc. (NMX:TSX.V; NMKEF:OTCQX, BUY, Speculative Risk, Target CA$0.70), on the other hand, plans to start with lithium hydroxide as its primary product. Both of these companies are looking to capitalize on Quebec's low electricity costs in pursuing higher value-added products and believe they will have a cost advantage in the process.
TER: In a recent report, you suggested some qualifiers for independent consultancy signumBOX's pricing based on affiliate sales in Chile and varying grades. What prices for what grades should investors use in their calculations?
MK: Pricing on lithium products is not very transparent compared to various other commodities with developed spot and exchange-traded futures markets. In general, the going price on battery-grade lithium carbonate is expected to be upwards of $6,000 per tonne and the price for lithium hydroxide is expected to command a $1,000–1,500 per tonne premium to lithium carbonate. As mentioned before, we remain conservative and assume flat long-term pricing of up to $5,875 per tonne for battery-grade lithium carbonate in our models.
signumBOX recently started publishing pertinent export/import data for lithium products and we look forward to its updated Li-Stats report with more details by the end of March. As you pointed out, numerous qualifiers have to go along with this data to get a better sense of the price that most emerging lithium developers are concerned with. Otherwise, you can end up with prices ranging from ~$4,000–11,000 per tonne. For example, Rockwood Holdings Inc. (ROC:NYSE, Not Rated) and SQM (SQM:NYSE, Not Rated) are known to be the major suppliers to Japan and South Korea—the two countries whose import of lithium carbonate is almost exclusively battery-grade and therefore, a good proxy for pricing. However, according to signumBOX, Rockwood and SQM's Chilean export pricing of lithium carbonate is deceptively low at ~$5,000 per tonne as most of these refer to transfer pricing between affiliates and are therefore not necessarily reflective of international lithium prices.
TER: In a recent report, you said that consumers' uptake of electric vehicles is progressing slower than anticipated. What could this do to pricing estimates? How do the demand-growth projections for the auto market compare with other possible uses for lithium materials?
MK: In terms of how EVs stack up against other uses of lithium materials, the traditional applications such as glass, ceramics and lubricating greases have fairly low growth rates. The real drivers of growth are lithium-ion batteries, which are driven in turn by consumer portable applications, EVs and perhaps down the road by large, off-grid energy storage systems.
Given that EVs are expected to be the biggest driver of demand for lithium-ion batteries out to 2020, the timing of the mass adoption of electric-drive vehicles, both plug-in hybrid electric vehicles (PHEVs) and full EVs, can obviously have a meaningful influence on pricing. While the demand growth so far has been led by the use of lithium-ion batteries in consumer electronics and mobile applications (e.g. smart-phones, tablets and handheld power-tools), the EV theme nonetheless plays a critical role in long-term demand forecasts. If the pick-up in mass consumer demand of EVs was to get pushed out significantly, then current lithium demand forecasts would also get pushed back, leading to possible surplus capacity without the anticipated demand to offset it. In such a scenario, pricing could also suffer. Luckily, such a dire scenario is not expected—neither by industry observers nor by active participants.
While the pick-up in EVs may have fallen short of previous expectations, we do see signs of continuing growth, especially on the PHEV front, as auto manufacturers continue to roll out new models, including mid-sized vehicles. In the U.S., for example, according to the Electric Drive Transportation Association, electric-drive vehicle market share was ~3.4% in 2012 versus 2.2% in 2011. Various government and public-private partnership programs are piloting innovative means of deploying charging infrastructure. In our view, battery costs will also be a key factor in the general consumer's adoption of pure EVs, which require larger and more costly batteries and can suffer from diminishing returns in terms of gasoline displacement. PHEVs, on the other hand, require smaller batteries and can readily complement existing internal combustion engine vehicles without requiring a significant change in consumer purchasing decisions, in our view. Rockwood expects a tipping point for PHEV adoption later this year, with one for EVs around 2018.
TER: What are the implications for lithium producers after the Boeing Dreamliner battery problems?
MK: We think the Boeing situation is likely to intensify the debate within the industry on the safety and performance tradeoffs of various lithium-ion battery chemistries. For example, high-performance lithium-cobalt-oxide chemistry requires more design safeguards, given that it is arguably more volatile than its lithium-iron-manganese and lithium-iron-phosphate chemistry counterparts, which are safer but pack less "punch," so to speak. The average consumer may not be aware, nor care, that when we refer to lithium-ion batteries, we can be talking about half a dozen or more different battery chemistries, each one with tradeoffs across a variety of metrics including safety, cost and power. It is our view that this debate is likely to intensify going forward. Other than chemistry, battery design may also come under increased scrutiny.
In terms of the implications for actual lithium producers, unless these design and chemistry considerations pose a major hindrance to the development of batteries capable of cost-effectively supporting EVs, we think the demand curve will stay as is currently forecasted.
TER: Let's talk about some specific companies you follow. There's quite a bit of lithium development activity going on in Argentina, yet the country has taken on a somewhat risky reputation over the past year or so due to the YPF/Reposol drama. How is that affecting the lithium companies you follow there?
MK: The YPF/Reposol incident certainly added to Argentina's country risk, which can make financing decisions more challenging for potential investors. That said, Orocobre Ltd. (ORL:TSX; ORE:ASX, Buy, High Risk, Target CA$2.80) successfully completed its JV with Toyota Tsusho Group (TYHOF:OTCPK) as well as its low-cost debt financing last year, and is currently in construction. So it is moving along just fine with production expected in 2014.
Lithium Americas Corp. (LAC:TSX; LHMAF:OTCQX, Buy, High Risk, Target CA$2.60) is fully permitted and is currently discussing financing options with a number of parties. So the Argentine country risk hasn't completely driven away potential investors. We expect to hear an update from LAC on this front in the near future.
Rodinia Lithium Inc. (RM:TSX.V; RDNAF:OTCQX, Neutral, Speculative Risk, Target CA$0.50) has its flagship project in the province of Salta, which has a history of lithium mining and is home to FMC's Hombre Muerto lithium brine project. Given the challenging financing environment for early-stage developers, progress here has been slow as Rodinia's management is focused on preserving cash until there is a committed strategic party at the table, which is not imminent in our view. The recently announced credit facility will help fund a resource update and the feasibility study. However, we remain cautious on this story.
Taking a step back, the botched auction for lithium mining concessions in neighboring Chile may end up hurting Chile's ability to expand production, maintain market share and attract foreign investment. In a twisted way, this may ultimately help shift the balance over to Argentina and Canada as leading lithium-producing jurisdictions in the coming years.
TER: Nemaska Lithium is in Quebec and isn't facing these South American political questions, but now has some domestic politics of its own to deal with. How will that impact Nemaska?
MK: Last year, there was some consternation with Premier Pauline Marois about the Quebec government raising mining royalties. However, recent comments and efforts by the premier suggest a different stance with the promise of tax holidays and research and development support, which is reasonable, given that raising royalties could potentially hurt the province's top-15 ranking for global mining jurisdictions. Quebec's upcoming government mining forum on March 15 may shed some additional light on this issue.
It is also worth noting that the Quebec government has historically been supportive of the EV sector. In 2011, Premier Jean Charest launched the province's first action plan for electric vehicles. It's a plan designed to not just invest CA$250 million (CA$250M) in the deployment of electric vehicles in the province, but to effectively create a world-class EV industry by supporting lithium mining companies and research and development initiatives, and by forging strategic partnerships with leading auto and battery manufacturers from around the world. We believe Nemaska can play a key role in this Quebec initiative.
TER: Another Quebec-based company you follow is Canada Lithium Corp. It recently signed a three-year distributorship agreement with Marubeni Corp. (8002:Tokyo), one of Japan's largest commodities trading companies. What is the significance of that agreement?
MK: This is a significant agreement for a number of reasons. First, along with the Tewoo Metals International Trade Co. Ltd. (private) contract announced earlier, this contract helps to ensure that Canada Lithium can sell most of its production for the next three years or more. The deal also demonstrates Canada Lithium's ability to attract multiple offtake partners in a short span of time, but perhaps more important, that its product is of sufficiently high quality to attract a discerning buyer such as Marubeni. Historically, Japan has imported some of the highest-quality battery-grade lithium products for its leading battery industry.
TER: What is your top pick among the companies you follow?
MK: On a relative-value basis, we like Lithium Americas. Its lithium-brine reserves are indicated to support a 40-year mine life at 20,000 tons per annum (20,000 tpa) of low-cost lithium carbonate equivalent (LCE) production. The company's Cauchari project is adjacent to Orocobre's Olaroz project, which is fully financed and has construction underway. Orocobre trades at ~$23 of enterprise value per tonne of resource compared to Lithium Americas' ~$5 per tonne of resource by our estimates. Lithium Americas is currently in financing and JV discussions with a number of parties, including Mitsubishi Corp. (MSBSHY:OTCPK). We believe the company has sufficient funding left on its credit facility to see it through to a financing decision, which we expect later this year. We expect a financing update shortly on progress to date. In our view, once financing is in place, the stock would likely be re-rated substantially higher.
For investors looking for exposure to overall lithium demand and price and less to company-specific risk/reward tradeoffs, we would suggest Canada Lithium. It is at the tail end of its mine and plant commissioning, is expected to make first delivery by the end of March to one of its two offtake partners and expects to ramp up to its full production rate of 20,000 tpa of LCE by year-end. Management has done a great job of arranging permitting, financing and offtakes while staying on budget and on schedule.
TER: Are there any other factors investors should consider in the quest to make money in lithium this year?
MK: Broader macroeconomic issues will naturally influence stock performance. Junior mining financing is likely to remain difficult in the near term; so we would recommend investors stick with advanced projects that have good economics and/or committed strategic or offtake partners.
TER: Thank you for sharing your expertise with us today.
MK: Thank you for having me.
Mining Analyst Mansur Khan joined Dundee Capital Markets in 2007 as an associate covering the industrial, aerospace and special situation sectors. In late 2010, he joined Dundee's mining group, where he covers a range of exploration and production companies in the uranium and lithium sectors. Since 2012, he has been providing lead coverage on the lithium sector. Prior to Dundee, Mansur worked for a number of years at a private design engineering company on various information systems and operations projects. He holds a Master of Business Administration from the Rotman School of Management, University of Toronto and a Bachelor of Commerce in systems development from Ryerson University.
http://oilprice.com/Finance/investing-and-trading-reports/Fortunes-to-be-Made-in-Lithium-Stocks-as-EV-Market-Booms.html
But the SRGE True Longs are like folks who lost the lotto, but continue to insist that they won.
Yes, they do.
Thanks for updating Rimrocks's i-box.
You're making a lot of sense.
SRSR is a great trade over short term periods. I am recovering SRSRite ex-long, that didn't sell at the highs back in 2009. Learned to regret it. Got out with a profit, but not in the .15-.20 range. :(
SRSR has great support from its loyal band of followers here on the Hub and they will continue to buy it at these levels.