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Martin gives us the Big_Picture in this new_video.
https://www.finnewsnetwork.com.au/archives/finance_news_network135596.html
or
http://www.finnewsnetwork.com.au/MediaCenter/MediaCenterMobile.aspx?Site=FNN707
Ahhhhh Life is clearly good/promising... and will start getting seriously better come April.
The Doctor
Ganfeng_buy_lithium. Ganfeng_get_lithium. Ganfeng_eat_lithium. Ganfeng like lithium, yum.
Genfeng want more lithium.
https://investorintel.com/sectors/technology-metals/technology-metals-intel/mt-marion-sends-maiden-lithium-shipment-china/
Ganfeng is next door to us us in Argentina with International Lithium Corp. I hope Jeremy and Martin are talking to Ganfeng. I am pretty sure Henk is already talking to Ganfeng.
Ganfeng still hungry.
The Doctor
Lithium, burning up the charts now.
http://www.pcmag.com/news/351645/fire-breaks-out-at-samsung-factory-in-china
It is reported that Samsung lost quite a few bar/pie charts hanging on the wall in the Tianjin fire... they were regrettably burned up.
The Doctor
Very soon goodbye_to_$.021pps... ahhhh we_knew_ye_sorta' well
With this 3M share sell order completed now I am thinking the next barrier to fall will be $.030 in a day or two.
The Doctor
PS, Dear Jeremy, stop nicking Martin's work and write something original (not plagiarized or paraphrased). You do still have an original thought in your head... don't cha'?
Gas pushes higher. Lithium demurely applauds.
http://www.reuters.com/article/us-global-oil-idUSKBN15I03P?il=0
Go on Iran... fire one more ballistic missile. That will unmistakably finally cinch the rush to electric cars.
The Doctor
Soon, very soon even the pretend lithium miners
currently trying to mine Spodumene/hardrock will be moving more of their investment capital over to us brine miners in the Lithium Triangle. It is inevitable.
http://www.reuters.com/article/us-lithium-supply-ahome-idUSKBN15I2F6
All this Cornish hype of late will be on the back page in another few days. It is already off the front page.
Plus you can bet your britches that affable Elon is now going to make sure Trump keeps his little hands off Lithium Triangle exports.
http://www.marketwatch.com/story/elon-musk-distances-himself-from-donald-trump-2017-02-02
After 6 years painful years with LIEG it finally looks like all the planets are moving into proper alignment for the perfect "money shot". Hooray says Posco I can just imagine.
And speaking of money shots... in another month prim & proper Miss LIEG will finally open her legs wide enough for the consummation of the marriage and officially become Missus LAC (Li Acquisition Corporation), or Mr Bearing's Beatch as those Canucks like to lovingly say up in Vancouver.
http://ih.advfn.com/p.php?pid=nmona&article=73763685
I wonder if those dopey Canucks (esp the ones working on our Merger) know the stock symbol LAC is already taken by Lithium Americas Corporation? I bring it up because I just happen to own a nice chunk of LAC also.
The Doctor
PS, and more power to no-nonsense iron-fisted Russian Kirill Klip (Click here to see slaughter) over at ILC (ILHMF) now next door in Argentina. I'm glad he finally cleaned out all that deadwood at International Lithium Corp, Ganfeng is probably glad also, those Chinese secretly stand in awe of the Russkis. As a side note I am sure Ganfeng is smelling our lithium butt now too.
We_initially_had lithium nicely_flowing out of our ears/nose/throat
but now we are finding out we can sheet massive amounts of lithium out of our NewCo butts also at will. Everywhere we walk now we are gonna' leave a big pile of lithium behind us on the red carpet. Yesterday's LPI drilling report report is a real eye-opener/butt-opener. Click here for the fresh report
The Doctor
Dear_Henk, 1368 mg/liter lithium from drill hole S6.
It just boggles the mind how much lithium we have in Maricunga. Read the February 1, 2017 drilling report
Click Here for the report
The Doctor
Comrade MakinBank, one million shares traded today is peanuts.
This was not a major dump yesterday or is it today when there is probably 250m shares floating around out there.
1,088,031 shares at $.02pps is only a $20,000 transaction on what could be a $120m NewCo project.
If today's script-kiddies' beat down action freaks you out then yes go sell your shares. There are people in the shadows who will suck your shares up in a heartbeat, especially if the Chilean regulatory-loving/blocking bureaucrats are now finally brought to their knees with this wildfire.
The Doctor
MakinBank, only_the_little_tiny_guys_who were in this play for funzies are bailing out. Plus a couple of opportunists from Penny stock newsletters who first started appearing here yesterday are selling a few ten-thousand share blocks back and forth directly to each other to drive the price down today.
A LIEG share will (or should) in time conceptually be converted into Bearing shares but not on a 1 to 1 ratio. If our LIEG board was loyal to us shareholders then based on today's status we would get 1 share of Bearing for 34 LIEG shares. The hitch (in our favor) is if LPI produces a feasibility study in late March proving this is a $120m NewCo project out of the gate and not the $50m NewCo project we might be seeing/estimating today. If this project were valued at $120m then we should get 1 Bearing share for each of our 14.16 LIEG shares.
But since we (LIEG) have already gone on the honeymoon with Bearing and we're sorta' pregnant I am thinking the merger (ie marriage) will take place in late February with the new creation of MLB (Morphed Lieg Bearing) shares perhaps listed on the NASDAQ. We LIEG shareholders will be bride's maids in matching dresses across from the Bearing frat boys in the front row next to the groom (Jeremy).
If MLB is on the Nasdaq then a share price needs to be a minimum of $1.00
It could be that we will be required in some "regulatory" way to reach a new level of parity by first converting each block of our old 62 LIEG shares for one new LIEG share based on the current USD$.016pps. Bearing shareholders might be forced to give 1.5 Old Bearing shares for one new Bearing share. So imagine today you are a LIEG shareholder with 10,000 shares bragging to some hot chick you just met in the bar. To impress her you would say "Hey babe, I'm big in lithium mining. I own 10,000 shares of LIEG in Chile." After the "conversion" your new conversation is going to be more like "Hey babe, I'm a duffer in lithium mining. I own 161 shares of LIEG in Chile."
Now if the new management team decides to take that $4,272,000 windfall we put on the books yesterday and keep it for remodeling their new Vancouver offices or more testing then that conversation with the hot chick in the bar is going to sound like this, "Hey babe, I'm a midget in lithium mining. I own 96 shares of LIEG in Chile."
So, if you own only 10,000 shares today maybe are you thinking you might want to just bail out early and move on to avoid that embarrassing future pick-up line with this super hot-chick?
If our LIEG board would reinsert their spine and just talk to us LIEG shareholders 1 to 1 in clear language like CEO Henk van Alphen of Wealth Minerals does for his shareholders simply giving them the BIG picture (Straight talk sample update from Henk) then we would know much better what the heck is going on here. But sadly that ain't happening.
The Doctor
Dear_Comrade_Henk, now_the_Russians have their_foot_in_the door_also.
As you are well aware the smog in Moscow is crippling and Vladimir Putin is giving development of electric cars in Russia by 2025 top priority. Click Here
There is a huge devastating wildfire (Click Here for fire story) going crazy in Chile now which is going to significantly drain the Chilean federal budget especially when they start rebuilding the thousands of houses being damaged. Chile will be talking about selling a greater quantity of copper, minerals including lithium abroad very soon to bring greenbacks back into Chile to cover the upcoming hit to the national treasury.
So, is Martin calling in help from Australia to help fight the fires burning out of control?
Is Jeremy calling in help from Canada to help fight the fires burning out of control?
Are the Thai Bankers skulking around in Santiago calling in help from Thailand?
I don't think so. The "helpful considerate" Russians are calling in help.
As a side note, those Russian jumbo Ilyushin-IL76 planes could take 42 tons of enriched lithium back to Chile after the big fire... that is, if they wanted do a test on sweet sweet Chilean juice.
Comrade Vladimir Putin sure knows how to get a foreign country beholden to him fast within 24 hours. He is racking up brownie points el pronto. We should check with our LIEG amigos onsite (not on Bearing's payroll yet) to see if any Russians show up in Maricunga today.
The Doctor
Dear_Henk, So Chile is indeed on the table again.
I just read your interview published a few minutes ago apparently after seeing "The LIEG/Bearing Definitive Agreement" issued earlier today.
http://countingpips.com/2017/01/wealth-minerals-ltd-lithium-brines-in-chile-white-hot/
Are we correct in thinking you'll now be contacting us within the week, or perhaps even sooner?
Better hurry, those Thais are bringing in the big guns.
The Doctor
Dear_Henk, the cat_is_out_of_the bag now.
http://www.abnnewswire.net/press/en/86775/LPI
http://thesophisticatedinvestor.com.au/coverage-video/?filter=lithium-power&report=maricunga-project-virtual-site-trip
Oy vey, with this video now even the newbies who can't read and only buy 10,000 shares (or 100 MLB Nasdaq shares) know the "Big Plan"
The Doctor
Dear_Henk, well_we've_hit_a_session-high of $.025pps on_4M_in volume.
This could be a reverse coming in our fortunes as the new floor should by all rights be $.021pps I am thinking. I feel daring this one hour before closing, I am going out on a limb and predicting we will close at $.029 today on at least 6M volume.
Henk, if you do indeed bite on the $20M then we are immediately a $.04 stock and Posco might possibly be swayed to even start thinking about dropping any standing sell orders especially given that the wild fires are still growing in Chile.
The Doctor
PS, are you wondering if Chile had some federal-budget-saving BYD (electric car) investor Warren Buffet catastrophic fire insurance through one of his insurance companies? Or maybe they didn't have any insurance. Oooo that's too bad.
Dear_Henk, an update from high_up_in_the crow's_nest.
In 2016 much like Libya and Yemen we too were a failed state with no cash in the bank. Our only asset worth talking about as you know was our 17.7% partnership in forest-fire ravaged Chile called NewCo to which we are slip-sliding into becoming an ever-increasing slave to LPI. In November 2016 Bearing Resources offered to save us (primarily from ourselves) by injecting through some good-ole-boy yuck-yuck buddy-buddy convoluted process 16,000,000 shares of TSXV-BRZ worth $.39usd at the time. You could rationalize LIEG then had a "more tangible/bankable" net worth of $6,200,000. LIEG has a total of 495,153,347
shares on the books so we were sorta' worth $.013pps which is what we sunk to immediately.
This morning Bearing announced they were entering into a blah-blah "definitive" something-something agreement to "merge" with us quite similar in fashion to a carpetbagging cancer latching onto your back at the base of the neck and sucking your spine out (or transplanting it) along with half our brain Click Here
Today the Bearing stock is worth USD$.65pps so those 16m shares are now worth $10,472,000 or $.021usd per LIEG share, but yet we languish at USD$.017pps today with not one share sold today as everyone is holding their collective breath.
You would think from reading this online definitive agreement that this deal is pretty much ironclad, but strangely the announcement which Bearing sent to the Bearing shareholders included under Jeremy's signature a strange statement (ie escape clause) in the fine print which reads
The Acquisition cannot close until all of the conditions have been satisfied and there can be no certainty that the Acquisition will be completed, either as presently proposed, or at all.
So today I am thinking that we
1. really do not have much of a definitive agreement to truly bank on or stand upon which could mean we are still easily (read unencumbered) up for sale.
2. that we (LIEG) were through some fancy illusions/paper-shifting were made to look rapidly $4,300,00 more valuable ($10,472,000 minus $6,200,000) to the oriental vultur-esque suitors hanging out in the wings waiting to see how desperate the Chilean government gets for more income revenue to repair all the terrible current wildfire damage thinking Chile will "free up" the cap on lithium production through new legislation which could then be manna from heaven to Chilean junior miners (ie flippers) like us.
So the question today is... are you going to pay the new asking price of $20m (2 times NV) or continue trying to beat them down to the new currently fairly well propped up $10m "mark" which will only give us poor LIEG shareholders a $4.3m improvement in our miserable lives?
The Doctor
PS, you do know that you will have to act before LP1 proclaims this entire project worth $50m in March (formally making our share worth $20m) which will of course be a wink-wink understatement to shield us all by complicating the process fire-wrecked Chile might resort to using to get its true vig once we start pumping that sweet-sweet 1000mg/l juice out of the ponds. Plus once those gobble-gobble Thais see that final LP1 final 43-101 report they are going to know this is a $120m net-net project and then the gnashing of knives will get brutal.
So you see, not one share of LIEG is trading today on the OTC because we are all holding our "pseudo-definitive" breath to see what you are going to do this week.
PS2, if perchance you see any talk of LIEG or MLB (ie Morphed Lieg/Bearing) getting moved to the Nasdaq then all bets are off / Reversed and that will be a whole new glorious wild-west ballgame.
Dear_Henk, the_new_drilling_report_divulges we're figuratively_choking on_lithium.
The NewCo preliminary January 30 drilling report exposes we're definitely awash in a massive eye-popping amount of lithium at over 1000mg/l Click Here
Since we are the only lithium miner grandfathered in to extract minerals before Chile's insane nuclear bomb strategic metals mining/environmental laws took effect I am afraid that once these new results are distributed more widely and we hit Posco's long-forgotten un-monitored dormant automatic sell trigger at $.12 pps things are going to go berserko here and you will get shut out on buying us at these current el cheapo prices... unless you are a glutton for punishment and want to pay the $.12pps while the tempo is hot, hot, hot (which was the official song of the FIFA World Cup in Mexico in 1986 sung by Arrow).
The Doctor
Dear Henk, we're so alone and neglected.
A good portion of our board has abandoned us and gone over to the dark side up in Vancouver, we know zilch of what is going on with Resource under this news/guidance blackout. We know a brutal colonoscopy is coming but we have no idea how deep the fiber-optic probe is going to go or how big the probe will be. We shareholders are defenseless. Please take another look at us and see about helping us climb out of the toilet and up onto the exciting fast moving WMLLF train which seems to be on the fast track in the Lithium Triangle. I see you are up another 1% today. I wish we could steadily rise 1% every day or even 1% every few days.
The Doctor
Dear Henk, please forgive us stupidos.
Your DYNAMIC company Wealth Minerals is up another whopping 11% today to $1.12 pps. We (LIEG) are down another 5%. Dear Henk, please forgive us for every stupid thing we said and did to upset you last year. Please come back and buy us, throw these young clueless kids (Martin and Jeremy) out and run this operation like an intelligent savvy businessman who knows what he is doing. We promise to keep quiet and never interfere or deviously sabotage your well-thought out plans again for Maricunga by working behind your back. We were idiots to refuse your last offer... please come back to us and save us from going down the toilet.
The Doctor
Down_20%_today_1:30PM. We're slow-motion diving down to_rock_bottom.
You're probably asking yourself, "why are we cratering today and these past 4 weeks when all the big electric car makers are gearing up for higher production?"
Well, losing the TPP has spooked all the Pacific Rim countries so that is a given perceived liability, but more importantly it has become crystal clear that we at LIEG are simply floating aimlessly on the NewCo JV which has no leader, no comforting center of mass and no sense of direction. Martin and Jeremy are sadly proving of late to be nothing more than little boys in over their heads incapable of producing any exciting marketing strategies, encouraging news blips or an overall big-picture plan as to where we should be going. None. On top of that our LIEG board has lockjaw and won't give us any inside direction. Yes, yes, the drilling reports are ongoing but nobody has laid out for us shareholders what the couldn't-even-dig-themselves-out-of-wet-bag-mine NewCo JV is going to actually build upon once the reports are in hand. Plus sadly we clearly have no Big-Daddy-Warbucks suitors chasing us. So the investment community has rightly early-ascertained we basically are full of nothing more than lukewarm (not even hot) old Canadian song & dance air. Hence the reason we are down 20% today.
The Doctor
Help! Lithium_Triangle_miners are drowning in hot_new investment cash.
LAC in Argentina is being made to swallow another $42.5mil from Thailand. Click Here
How is it these lithium miners are sucking in the new investment money and the only thing (or the only good news) us LIEG miners next door are sucking in is salty dust? And sucking in the golden opportunity to dilute our shares with some fast talking Canadians up north.
The Doctor
----------------------------
Hoo-boy, now_even_the obscure_Thailand-ish are getting into the game.
Bangchak Petroleum Public Company Limited is pumping $112mil into the Lithium Triangle (in Jujuy Argentina) right next door to us Chileans. The train looks to be pulling out and we're still sitting fat & lazy on the loading dock twiddling our thumbs Click Here
donating more blood to our overlord and un-glamorously boringly relegated to only "testing, testing, testing" in our obviously ripe Chilean pond.
Well at least I hope our LIEG boys got nice comfy corner offices with a grand view and va-va-voom buxom secretaries to fetch them hot Starbucks coffee in their new Bearing Vancouver headquarters.
The Doctor
Soog, we_need_to_get our recently gentrified_LIEG_executives back_down_to_Chile and into the governmental halls of power whilst Michelle Bachelet's government is still in a good mood to broadly help Chilean miners Click Here. Partying and schmoozing the dancing girly-girls up in Vancouver is not helping us poor shareholders down here in the trenches holding the diminishing paper stock any good when the pps spends all day kissing a miserable $0.012 per share. Granted some script kiddie painted it up to $0.017 for the closing bell but that kind of phony "weak" support helps no one.
It sure would be nice if our LIEG board would clarify asap how far we're going to be bent over backwards in March for this upcoming Bearing colonoscopy, but that is probably too much to hope for. Without any words of encouragement from our LIEG board (currently hiding out up north) we're probably going to lose another half cent next week under the current "growth" program if indeed you can even call this just barely slogging-through-the-mud some kind of wimpy growth program.
The Doctor
Soog, well_golly-gee,_I_am_impressed, much better volume indeed 1,560,995shares.
and a decent price rise of 33% also. I am going to write a letter to our LIEG boys trying to encourage them to forgo playing footsies anymore with their frat brothers and start learning how to speak Thai.
The Doctor
688,239 shares $11,000.
That's peanuts, chump change. I have $11,000 of mad money in my wallet. That's just some little kid on his computer in Hong Kong (or Thailand) playing around with his weekly allowance from Daddy buying stock for funnzies today.
The Doctor
Hoo-boy, now_even_the obscure_Thailand-ish are getting into the game.
Bangchak Petroleum Public Company Limited is pumping $112mil into the Lithium Triangle (in Jujuy Argentina) right next door to us Chileans. The train looks to be pulling out and we're still sitting fat & lazy on the loading dock twiddling our thumbs Click Here
donating more blood to our overlord and un-glamorously boringly relegated to only "testing, testing, testing" in our obviously ripe Chilean pond.
Well at least I hope our LIEG boys got nice comfy corner offices with a grand view and va-va-voom buxom secretaries to fetch them hot Starbucks coffee in their new Bearing Vancouver headquarters.
The Doctor
Help_Help, we're still in_a_nosedive down the tube.
Previously we relied on LIEG board members Patrick Cussen and Luis Saenz to protect us defenseless LIEG shareholders from the Big Bad Wolf at the door seeking to dilute our shares down to zero and gobble us up. Now that these guys are in bed with the Bearing frat brothers ensconced away in the comfy plush Gucci-loafers carpeted Bearing Resources office on stable salaries in Vancouver, my question is who is going to protect us LIEG shareholders left out in the cold dark night (who didn't get jobs at Bearing) while Bearing gobbles/morphs us up?
The Doctor
At_long_last do I now finally_detect a sense_of_urgency?
With the Chinese now in town (ie in Santiago Chile) with money bags stuffed full of cash (along with American treasury notes) all the lithium Chilean players are ponying up to the new over-flowing slanted narrow water trough for some of that rich green Chinese moola.
LPI finally saw the light and added another test drilling machine, we're up to 2 test drillers now. LPI wants to finish all 16 test drill holes by the end of January (instead of March 2017) while the Chinese are still hot to trot to buy something in the Lithium Triangle. Martin Holland wants to get to the Chinese before CEO Henk Van Alphen from Wealth Minerals short-circuits him. Click Here for the drill report on holes 5 and 6.
The Doctor
Sadly_the news is that there_is_no_meaty_news to_sink_your_teeth_into.
Our potential future overlord (ie Bearing Resources) have appointed LIEG CEO Patrick Cussen to the Board of Directors at Bearing along with LIEG Director Luis Saenz as the new President of South American Operations. It would appear that we (ie LIEG) are simply going to slowly "morph" into Bearing with no significant fanfare/excitement that could have included a buyout of our shares at perhaps (I was hoping/guessing) a miserly 5-7 cents per share. Wealth Minerals didn't want to buy us. LPI does not want to buy us. Bearing Resources just wants to undo our belt, drill into our rear entrance and start parasitically growing within us by consuming what little fat is still leftover from last winter in our stomachs. We get no guidance from deaf/mute LIEG and previously gung-ho jabber-mouth LPI who used to "keep us in the loop" by publishing weekly drilling reports as they slowly agonizingly drill one test well per week for 16 weeks has gone eerily quiet since Dec 22 leaving us totally in the dark.
Cue the theme from the Jaws movie at this point. What is unnerving is that China is buying lithium mines at whopping multiples now. A South African lithium deposit valued at $25mil one year ago was bought by the Chinese for $107mil this January. Now insiders are predicting that perhaps $30billion from China's "secret" budgeted $361billion appropriation to acquire wind, hydro, solar, renewables and nuclear projects before 2020 could actually be used in Chile to start buying up lithium.
If we want to hope for the best then hope that the Chinese are quietly looking at the Maricunga NewCo JV with coveting eyes now and are willing to buy this similar-in-concept $30mil deposit at the same multiple they spent in South Africa which could mean this "deposit" could be worth $120million to the Chinese of which 17.7% should find its way into LIEG or MLB (Morphed LIEG Bearing).
The Doctor
Whoops, Automakers need 17%_more lithium in 2017 than_planned.
The bean counters are backpedaling and now saying the automakers need 17% more lithium in 2017 than they originally projected. Click Here for story. Awwww, what a shame they're missing their original estimate. And I'm thinking there's no way that "additional" lithium is coming out of Nevada in 2017, or even 2018 for that matter. Ooooo, and lookie, lookie, Michigan just passed 4 state bills to facilitate (read 'speed up') the production of self-driving electric cars. Click Here for story. Michigan is going to need most of that additional lithium I would reckon. Go Blue.
The Doctor
Preview results from testing drill holes_2&3 are ready.
LIEG must be too busy doing whatever it is that they do to have any time for us shareholders I reckon, but fortunately Big Daddy LPI is willing to share an early progress report on the test drilling in Maricunga with us. Click Here for the "early sneak peak" report. LPI is reporting average assays of 1,447 mg/l lithium on hole 2 and 931 mg/l lithium on hole 3.
As you can see in LPI's 12/07/2016 Maricunga Lithium Brine Project Investor's presentation (Click Here) on page 11 of 39 our Chilean salar remains and is firmly entrenched as the 4th highest rated brine salar in the study of 4 dozen salt lakes and one of the top 5 salars "good" for at least a lithium brine grade above 1000 mg/l.
The question for us today is are the Aussies going give the carpetbagging Canadians a proper wedgie next week and beat Bearing's "possible" offer to buy us out with perhaps a 75% higher counter bid or are we going to have to simply settle for El Cheapo Bearing's miserly 3x (estimate) yesterday's warped price/bid? With this new $2 billion Korean-Chinese mega-battery lithium plant (4300 new jobs) coming to Chile and these super high assay reports starting to come in like clockwork now each week and for the remaining 13 weeks perhaps we are worth way more than old previously hoped-for 10 cents a share? Maybe we are now worth something more closer to 15-20 cents per share? I wonder, do you wonder?
The Doctor
Ahhhh_soooo_now we know why Bearing is sniffing our_posterior_section.
Slowly (too slowly for us lowly shareholders) the facts are coming out. A Korean-Chinese group is to build $2 billion lithium battery plant in northern Chile. Click here for story.
My question is this, why aren't we hearing this kind of earth-shaking story from our LIEG Board? Do they not have their fingers on the "real" pulse of Chile?
The Doctor
The NY_Yankees want silk... they don't want cotton_again.
Re: Under Armour has 10-year MLB uniform agreement. .
Bananarama, the last big change in MLB uniforms was when George Costanza foolishly pushed the change in fabric from polyester to cotton (Click Here) and we all remember how ugly that turned out. Under Armour would be smart to push silk uniforms to the Yankees first, then the Marlins in Florida and third to that baseball team in Arizona... whoever they are, I can't remember.
The Doctor
Under Armour has 10-year MLB uniform agreement. .
Under Armour has announced a 10-year uniform partnership with Major League Baseball. The Baltimore MD based athletic gear company’s first time deal with a major USA pro sports league. (Click Here)
Word from the dugouts is that all these pampered baseball players now want only silk touching their private parts and their tushes.
The Doctor
I track 33_lithium plays. We're 2nd_from_the_bottom today.
Of the 33 lithium stocks I track only those ding dongs from HZNM are doing worse today. We're down to $0.0135pps. We have dropped another 10% since Bearing Resources laid their bloodshot eyes on us. The only thing Canadians are good for is drinking too much beer and wrecking deals other intelligent adult investors have put together.
The Doctor
And now we also have some script-kiddie painting-the-tape-at-closing.
On top of us going nowhere significant with this high-grade lithium salar we now have to endure the antics of some script kiddie painting the tape higher at the closing bell using his weekly $20 allowance from daddy to close loop sell back to himself at 3:58PM the paltry few thousand shares he sold at 3:57PM giving the phony illusion (esp to his pimply dopey easily-fooled high school girlfriend) that we're "progressing" upwards on share price.
And so here we sit again at 12 noon in the dumps on $0.015pps with virtually no volume or outside interest in our company.
Ooohhhhh, what I wouldn't give for some sound intelligent friendly direct advice from our LIEG Board telling us what the heck is really going on down in Chile.
The Doctor
In the dumper again today at $0.0152 pps .
Oh geez, we're down 13% this session from the yesterday's script kiddies PPS that painted the tape up to $0.0176 after that big nothing "announcement" from HQ. But alas now we're settling back into the basement again rolling in the stank with the likes of slimy LTUM and ORRP. Oh Supreme Being From Above saves us from these ad nauseum never-ending exploring Bearing Resources Limited Canadians. Let us pray the damage they inflict upon us is indeed Limited as their namesake promises. Oy vey, we need some real he-man pick & shovel miners who also speak the local lingo to rescue us.
The Doctor
Bearing. Boring. . . . . . .
These Bearing Resources Ltd guys from Canada aren't going to help us any, they're carpetbagging explorers just like us. They are so "liquidy/slurpy" working in the ether that they don't even have a street address for their supposed office in Canada (Click Here for website Contact info). What is even worse is they are dopey Canadians. Geez, how is it in this big fast-changing world now moving at full blast from gasoline vehicles to electric vehicles (loaded with lithium) we still can't even catch a little break here (in price appreciation)? The PPS is still in the dumper and there won't be any legit price moving news until LPI finishes their lolly gagging good old time of 4 months to bore 16 simple little test wells at a snail's pace. By then Argentina will have this lithium market nearly completely sewn up. Ugh.
The Doctor
So who's the BMOC now in Argentina_Chile_Bolivia?
NeoLithium was Big Man On Campus doing back flips and giggly ecstatic in July when they found 895 mg/l of lithium in their Tres Quebradas Lithium Project (the "3Q Project") in Catamarca Province, Argentina, Click Here.
Imagine how crazy happy they would be if they had found 1,239 mg/l of lithium instead for a nearly 40% increase over their current test results?
Oh by the way, our very first test well out of 16 for NewCo in Maricunga Chile hit 1,239 mg/l of lithium. Click Here for report on Drill Hole #1. Now I am thinking we're the new reigning BMOC in the South American Lithium Triangle.
The Doctor
What's_going_on? Now GM says it's ramping up Bolt_production.
What's the new stimulus for these car makers? Is gasoline headed back up? GM is saying they are ramping up production of their Bolt electric electric car line in the Orion Assembly plant near Detroit. Did something change in the Federal tax credits or is there some new legislation somewhere? Click here for the announcement.
The Doctor
Toyota pulls a 180 on long-range full_electric cars.
Toyota is now thinking they want ease up on building/promoting the old-school petrol-electric hybrid cars along with their hydrogen fuel-cell vehicles (FCVs) and jump full-speed on the long range electric car bandwagon for 2020. Click Here for story. Move over BYD (Warren Buffet) and Tesla... Godzilla Toyota is going to want some (errr make that want a major portion) of that new lithium now.
The Doctor
Big_Daddy_Warbucks LPI punches it up another notch $12million.
Big Daddy Warbucks LPI who now seems to to have the Midas Touch is pumping $12,000,000 into NewCo. We (ie LIEG) are a 17.7% partner in NewCo.
$8,380,000 will be converted in to equity in NewCo November 30, 2016 and will cover the cost of the ongoing drilling program. $4,460,000 will then be put into NewCo to cover operational expenses the next 12 months. Click Here for LPI announcement. Awwww, LPI loves us. How sweet it is.
The Doctor