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.
UNIT where you comming up with these numbers, why are you saying it will drop? Just wondering, doesnt matter, this is a real company and will become even more real very soon to all. Just dont get where your comming from to think this is going to drop more. SHOW ME!!!!
WL held MMTE back with out news, now I think I know why!!
I think I see why this is happening!!!! "UNIT"
Ya think Lithium is the real deal??
Policies for Supporting New Energy Vehicles Around the World
Country
Policies
CHINA
In January, 2009, with the “Notice of Promoting the Development of the Energy Saving and Demonstration of New Energy Vehicles,” as well as the “Regulations of the Management of Subsidies for Energy Conservation and Demonstration of Alternative Energy Vehicles,” the Ministry of Finance and Ministry of Science and Technology carried out the “Ten Cities, One-Thousand Vehicles Plan” in 13 cities (including Beijing and Shanghai), in order to popularize energy retrenchment and demonstrate new energy vehicles. The maximum subsidy for the cities using alternative-energy buses will be RMB¥ 500,000, and electric cars will be RMB¥ 60,000. In March 2010, Premier Wen promised the promotion of alternative-energy vehicles, and commitment to political support for strategic industries.
U.S.A.
President Obama’s $825 Billion Stimulus Package provides a premium and loan of USD$ 2 billion for research on power batteries; USD$ 200 million for research on electric vehicles; USD$ 400 million for purchasing alternative energy vehicles for government institutions; USD$ 1 billion for upgrading the national electric grid to support recharging stations for 1 million PHEVs; and USD$ 2,500-7,500 preferential tax for consumers of PHEV up until 2016.
JAPAN
From April 1st, 2009, the Japanese Government carried out the “Green Tax System,” which is applied to electric, hybrid electric, clean diesel, and other approved eco-vehicles defined as “Next-Generation Vehicles.” Various tax-free, preferential benefits are available.
KOREA
Before 2011, USD$ 2.3 billion was spent on research and development of alternative-energy technology. Currently, the Korean Government is planning to spend an additional USD$ 15 billion to assist the purchase of small cars and hybrid electric vehicles.
E.U.
In January 2009, the European Union passed the motion to include vehicle emission and other environmental impact indicators into the requirements of public procurements. Soon after in March 2009, the European Commission provided EUR€ 3.8 billion, followed by a EUR€ 6.8 billion loan to support the development of alternative energy vehicles in the European car industry.
BRITAIN
In 2007, the Holding Tax of Vehicles was modified to levy different taxes based on the amount of CO2 emissions, which range from 0 to 30%. Following this, in April 2009, the British Government issued a 5-year, CO2 Emissions Deduction Plan, where consumers purchasing PHEVs or EVs can get a premium of GBP£ 2,000-5,000.
FRANCE
The French Government carried out incentives for consumers to receive a discount for alternative energy vehicles, stipulating that car owners could receive a subsidy of EUR€ 200-1,000 when replacing an old car by buying a low emissions and eco-friendly vehicle. In turn, purchasing a high-emissions automobile requires a sales tax of up to EUR€ 2,600. Additionally, more charging stations will be built for the public, located in supermarkets and residential districts.
GERMANY
According to the Petroleum Tax Legislation, preferential taxes will be applied to alternative-energy vehicles every year, which will amount to EUR€ 3 billion per year. The German Government provided a subsidy of EUR€ 500 million for HEV research in 2008. In 2009, a EUR€ 50 billion economic stimulus plan was passed, most of which was spent on research and development of electric vehicles, charging stations, and renewable energy.
LOL I was looking at that 0.28 WOOOOOOO that would be a nice start...LOL
Check out these guys, they are right in our area also...???
http://www.simbalik.com/Default.aspx
Dont forget JV with SQM may be a possibility also... JV (SQM), Merger (LiOne) HUMMMMMM wouldnt that be nice...LOL
Whats with this...LOL Look at the bid, ask
Mammoth Energy Group (MMTE)
0.0009 ? 0.0 (0.00%)
Volume: 27,766,654 @ 3:55:25 PM ET
Bid
0.0002
Ask
0.258
Day's Range
0.0008 - 0.0009
Unit, get with the program, do some reasearch. You pop in and out of here and shoot off speculations that are bashing the stock. If you cant do you own DD and find out the facts then get out, IF you want in I suggest you get in now. Not sure what you want to do? Go find another stock to put down on shear speculation cause this stock is the real thing, take it or leave it, easy as that.
Think we will see 001 today???
Your right on the button. The UNIT...LOL
Yea Right, I tend to disagree...
LOL Thanks TC, you should run for something, Im sure you would do an excellent job at anything you put your mind to. Thanks Sir
So IF I went and put an order in at the bid early in the morning. do you think it would go through
Yea well the bids at 7 and I put an order in hope it gets filled
etrade showed red and it PPS droped to 8??? Im put in a order for the morning at 0007 at the bid. Nice IF I get in...LOL
Bid after hours 0007 @ 2,224,100
ASK 0009 @ 5,995,000
Showed up as a sell 25 mil
Didnt show up as one, big sell after hours. WTF
Right with ya, Brother MMTEer
Thats without J/V, Merger, which ever. I think once that is in place who knows how high we can go IMO
To give you a heads up WLs not done at 31 IMO
Dont forget the uplist thats supposally comming,and SQM is all around MMTE consessions. We have a very good chance to go in this direction IMO. DO NOT underestimate the capabilities of WL and his right hand man Mr.Coulson from Li One.
Investing in Lithium Mining Stocks
Jan 29 2012 08:44 AM | BroncoGator in "IF" Articles
Investing in Lithium Mining Stocks
The United States - and the rest of the world - is beginning an exciting journey down the long path to global energy resource sustainability. The socio-economic implications of this journey are unprecedented... and so, too, are the investment opportunities.
In the energy sector, the journey to alternatives must be undertaken. Countries all over the globe need cheap, sustainable sources of energy. These are crucial for economies to be able to grow and prosper, especially since our present energy sources - oil... coal... uranium... all finite resources - are being depleted at alarming rates.
Clearly, solar, wind and, to a lesser extent, geothermal have been getting a lot of press in recent months, particularly since there are now federal and even some state tax incentives to invest in them.
But they're hardly the only ways becoming ever more available to consumers and investors...
One green technology that's gaining increasing interest is the use of lithium ion batteries in electric vehicles.
In fact, lithium production has greatly increased over the last several decades... though that's been thanks to its universal use in cell phones and other mobile electronic devices.
There's little debate that lithium and other lightweight metal components are riding the coattails of the explosive worldwide surge in cell phone usage... The number of mobile phones now exceeds 5 billion!
But with the upcoming rollout - and anticipated huge demand - of a variety of electric vehicles... lithium will be setting out on a whole new profit path. And, no surprise, this is great news for lithium mining companies. More about that in a moment...
EV Projected Sales Growth: Fasten Your Seatbelt
If you think electric vehicles will only carve out a small "niche" of the $653 billion worldwide automotive market, think again.
Forty-eight car manufacturers are introducing PHEVs or full EVs within the next two years.
Electric Vehicles (EVs) and Plug-in Hybrid Electric Vehicles (PHEVs) are no longer a novelty. They're on the verge of mass introduction both here and around the world, driven by concerns over dwindling oil reserves and a corresponding increase in oil prices.
The stakes are high... but the opportunities are just immense.
According to the U.S. Energy Information Administration, EV sales are poised to leap in the next five years.
And depending on government incentives, the geo-political uncertainty regarding oil supplies and customer acceptance, they could head even higher.
Mainstream acceptance will spur even greater sales. But it all hinges on one critical item... and it's a really, really big one.
Building a reliable EV is relatively easy. The real challenge is getting EV driving ranges to approach those of its gasoline-powered cousin.
Most gasoline vehicles have gas tanks sized to the engine, which allows drivers to travel anywhere from 200-400 miles between fill-ups.
In an EV, the stored energy in the battery replaces the gasoline in the tank. So the more energy you can fit in, the farther you can go before you need to recharge.
This is called the "power density" of the battery. It's measured in watt-hours per kilogram of battery weight.
Plenty of EV-capable battery technologies exist today, but lithium-ion matches up well with the competition. It packs nearly twice the energy per kilogram as Nickel-Metal Hydride (NiMH) and is nearly four times more powerful than Lead-Acid or Nickel-Cadmium technologies.
For an HEV, the battery technology of choice has been NiMH technology. It has a reasonably good power density and many portable power tool manufacturers utilize NiMH technology for their batteries.
But weight (or the lack thereof) and power are only part of the story when it comes to EV batteries. Both must be achieved at a cost that enables EVs to be sold in a price range similar to current gasoline automobiles. Only then will EVs become part of the mass automobile market.
Unfortunately - for the time being - that's where lithium-ion falls short. Right now, lithium-ion is twice as expensive as any other technology.
But like everything else, mass production brings cost reduction. When that occurs - in the not too distant future - widespread adoption of EVs will become a reality.
Who's going to buy all these EVs and where do they live? There's no question that EV sales will be brisk in the United States. But the real volumes will be in Asia. Sales in Japan and China are projected to be twice as big as those in the United States.
No matter which manufacturer wins the EV popularity contest, there is going to be plenty of demand for all types of EV batteries. In our view, the best way to invest in the EV sector is to invest in companies that produce the essential component in all lithium ion batteries.
Lithium: the South American Connection
To make a lithium-ion battery, you start with lithium carbonate. It's the form of the metal that's used in lithium EV batteries.
Half of all the known lithium in the world is located in Bolivia but there's just one problem: The Bolivian government is fairly hostile to foreign investment. The leftist government is building a pilot plant, but it's questionable that it will ever get off the ground.
Fortunately, deposits of lithium are also found elsewhere around the world, with some of the largest located in South America, in the Andes Mountains. High in the mountains of Chile, Argentina and Bolivia are dry lakebeds known as Salars.
A few dozen feet below the surface of the Salars are brine pools containing lithium carbonate and a number of other dissolved chemicals. The brine is pumped into large shallow pools where the water is allowed to evaporate.
The lithium carbonate is then separated from the other chemicals, purified and packaged for shipment.
The world's largest producer of lithium carbonate is Sociedad Quimica y Minera de Chile SA (NYSE: SQM). But it's only a small part of SQM's revenue stream.
SQM is a Chilean producer of specialty plant nutrients and chemicals. Historically, most of its revenue and profit has come from its fertilizer business.
The company is the largest producer of iodine in the world. Iodine is used in numerous medical applications, LCD displays and other products. But all those businesses will pale in comparison to what's about to happen to SQM's lithium business. It's SQM's lithium business that will ultimately be the crown jewel of the company.
Gregory Baldwin, a Dow Chemical Co. spokesman, now projects that lithium-ion battery demand will triple by 2020 to $74 billion, thanks to rising EV demand.
Right now, only a modest amount of the all the lithium produced is used for batteries, mostly for portable tools, cell phones and computers. But that percentage stands to increase dramatically once the demand for EVs is factored into the demand forecasts.
The automobile industry buys several years in advance of any given model year. It has to. In order to produce enough cars in a timely fashion, parts have to be specified, designed, manufactured and stocked.
That includes huge numbers of lithium batteries for all of those Chevy Volts, Nissan LEAFs and other all-electric vehicles that manufacturers are bringing to market in 2012.
It's all great news for SQM.
The company produces lithium carbonate at its Salar del Carmen facilities in Chile. The process is relatively simple: It evaporates lithium-containing brines from salt flats it owns.
The lithium carbonate is then separated from other chemicals (some of which become fertilizers), purified and packaged for shipment.
While there are literally dozens of companies jumping into lithium mining, SQM has a huge advantage. Its cost structure is the lowest in the specialty chemical business.
As lithium production ramps up to meet increasing demand from the battery makers, SQM is well positioned to gain the largest share of the worldwide lithium production.
The good news for investors is that SQM has historically been considered a fertilizer stock. After all, as we mentioned previously, that's still where most of its revenue comes from.
That sector is certainly still in the doldrums, making SQM not only undervalued from a fertilizer sector standpoint but also extremely undervalued as a lithium supplier.
Once analysts connect the future growth of the all-electric vehicle with what will be a nearly endless demand for lithium carbonate, shares of SQM should move much higher.
That makes it the perfect time to add a few shares of SQM to your portfolio - well ahead of the big jump in demand.
Action to Take: Buy Sociedad Quimica y Minera de Chile SA (NYSE: SQM) at market. I recommend you use a 25% trailing stop to protect your principal and your profits.
Another Great Way to Play the Lithium Market
Unlike Sociedad Quimica y Minera (NYSE: SQM), this particular company has not begun lithium production yet.
But that's going to change rather quickly. And when it does, shareholders that get in early could be poised for big gains.
The company is Orocobre Limited (OTC: OROCF). It's an Australian minerals exploration and production company with great lithium, boron and potash resources that are smack in the middle of the "Lithium Triangle."
The "Lithium Triangle" is an area in South America comprised of parts of Chile, Argentina and Bolivia. It's where over 70% of the world's lithium carbonate comes from.
Orocobre is determined to become one of the lowest-cost and largest producers of lithium carbonate in the world.
Its Salar de Olaroz brine deposit in Argentina is widely recognized as one of the largest, low-cost lithium-potash brine resources anywhere in the world.
As if that weren't reason enough to invest in Orocobre, the company has joined forces with a division of Toyota to exploit this valuable source of lithium. Toyota Tusho will fund development of the production facilities in exchange for a 25% interest in the lithium produced from the Salar de Olaroz.
The significance of this is huge. Toyota clearly wants to lock down a supply of lithium for itself. It sees what's coming down the road in EV demand.
Our opinion is that you'll see more deals like this in the not-too-distant future, as other car manufacturers scramble to lock up lithium supplies for their EV battery production lines.
Orocobre expects to begin commercial production in 2012, with an initial annual production target of 15,000 tons.
We're getting in very early on this one. The company has about 90 million shares outstanding, but I would strongly recommend using limit orders when purchasing the stock.
Action to Take: Buy Orocobre Limited (OTC: OROCF) using a limit order up to $2.25 per share. We'll set our trailing stop at 35% to protect our principal and our profits.
Good investing
Not to take away from diffrent prespectives here, but I would personally like to see a slow trend up for over a time of 4-5 months.
Tell me, do you think we will end up where we were the last time she took a run with less to go on, and with a merger or J/V and uplist comming? Just asking, OH and more consessions, cant leave that out.
Hope ya all remember, once MMTE gets fired up, theres no stopping her for the next 3-4 months. Make the wise decision here, why throw away a good thing. IF its gaining why get out, dont make sence, just watch it close, and ride it out, take profits and invest in others that you think will work for ya. HOLD
Rocky I depend on you to keep me in line...LOL Thanks Bud
Maybe hes checcking out the consessions, after all he owns CLIL, somebodys got to watch over them....LOL
Im not sure but I think CLIL is set up and has the responsibility to do this. This is what WL mentioned in his last PR, correct me IF Im wrong. Lets put it this way, we are surrounded by one of the largest companies mining Lithium, what do you think about the worth of products worth, doesnt this tell us something? WL is making a trip in Feb from what I hear to Chile,,,,HUMMMMMMM...I wonder why???? LOL
Wow 100K thats a lot, Im sure they have all kinds of systems in place for education and CQI and stuff like that. Thats how they can keep 100K employees. Thats great.
Hey Mayhem how ya been, no problem with IF, new sight. WL should be chatting there soon, keep eyes open.
Its in the process according to last PR, doent anyone read around here, SQM, BHP, LI ONE, give me a break, theses are our possiblities. They surround us except Li One but thats another story which Im sure nobodys looked into, they are not no little guys.
SQM is buying up and looking for land and we are smack in the middle of them, in there way so to say. You all really need to look outside of the box at the possibilities here instead of worring about stuff thats already been stated and most likely has been done IMO.
Do as you may, but I really hope you make the right desision here and dont miss the boat. IMO
What??? are you kidding me 31000 acers isnt enought...LOL I would think IMO.
Anyone, IF we do RM, JV, Merge, buyout, who do you think the company would be in Chile?
Man I really hate this quite times. Drives me battie.
Tell me something what makes them so special to get away with such a thing... Does everyone know this before they take up with them for their investments. This is highway robbery IF you ask me.
Its real quite around here tonight, feels to me that somethings up. To quite for me, wonder why??? HUMMMM
You dont want a R/S, that would not be best for the shareholders. Wait for the R/M, sell out or J/V. Much better for the shareholders.