Taking Care of Business
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.
I thought Joe Lowry had some sage advice in last week's Midas Newsletter including the quote from Mark Twain.
http://business.financialpost.com/midas-letter/lithium-fantasies-vs-bitter-realities
“If you want to double your money, take it out of your pocket, fold it in half, and put it back”. - Mark Twain
My statement was about the Clayton Valley Juniors in general not Lithium X specifically.
While this is certainly possible with some Juniors, IMO the problem here is simply a lack of information. None of us know enough about the quality of these properties to take any kind of risk with the stock.
Getting mining rights in Nevada is going to take longer than many traders want and getting actual lithium products to sell will take even longer. The juniors are years away from seeing their product in a battery.
And one other point: Tesla's not buying lithium. They're buying batteries. Panasonic is buying lithium. The Gigafactory is being used by Panasonic engineers to fabricate all of the components (anodes, cathodes and electrolyte) in one building. Once Panasonic manufactures the 18650 batteries Tesla assembles them into 6s74p battery packs for cars and Powerwalls.
Lithium is a very complex subject... and mining is very expensive.
While brine mining is cheap it takes over a year for the ponds to concentrate enough to separate out the lithium. And Albemarle is the only one so far in Clayton Valley with a mining permit.
The problem here is that none of the drilling so far has produced assays rich enough to actually be worth spending $100M+ to mine.
I don't know who's moderating but It would be useful to put some information about the high speed extraction process that Pure Energy is licensing from POSCO in the header for this board.
If the lab results can scale Pure Energy is gonna own a piece of this market.
Elon's said, "Tesla’s new energy storage systems could become a bigger business for the company than selling cars"
https://www.theguardian.com/technology/2015/may/07/teslas-batteries-could-be-bigger-business-than-electric-cars-elon-musk
Spherical Graphite Market
Initially, -100 US mesh natural graphite is milled to produce spherules before being chemically purified to over 99.95% carbon to produce uncoated spherical graphite.
Typically, two to three tonnes of feedstock is required to produce one ton of spherical graphite. The by product of the process yields high quality carbon additives that are used in the steel making.
Currently China dominates the uncoated spherical graphite market (90%). And Japan dominates the coated portion of the spherical graphite market, purchasing 100% of their uncoated material from China.
But Elon wants all of the minerals and metals to come from N. America. As it turns out A Eagle Graphite (EGA) in BC produces -100 mesh and -150 mesh flake graphite.
Benchmark Mineral Intelligence is forecasting demand in spherical graphite for the anode market to increase from 80,000 tpa in 2015 to at least 250,000 tpa by the end of 2020, That's a 200% jump in the next four years as global cell production surges.
What we need are American companies to do the milling and coating.
Looks like TSLA's performance today is acting as a bit of a drag on on some of the lithium juniors...
Probably should pay attention to sources for spherical graphite too... since Elon thinks his battery should be called a Nickle-Graphite battery.
Vancouver, British Columbia, August 29, 2016 – Advantage Lithium Corp. (the “Company” or “Advantage Lithium”) (TSXV: AAL.H) is pleased to announce that, further to the Company’s news release of June 20th,,2016, the Company has completed its acquisition of an option to acquire an interest of up to 70% in three Nevada lithium projects, 50% in two Nevada lithium projects and 100% of certain water rights in the Clayton Valley from Nevada Sunrise Gold Corporation (“Nevada Sunrise”).
Interesting...
Solid State batteries are the Holy Grail of portable energy storage. But Sastry's presentations have contained more hype than substance...
Do we know if their application for water rights has been approved by the NDWR engineers?
Brine Screening Analysis and Water Rights
The next thing we want to hear about is the analysis of brine screening samples. They need that before they can apply for a drilling permit.
But a lot of these Nevada juniors are about to hit a wall over water rights. So it will be important to hear if the junior you're interested in has their application for water rights approved by the NDWR.
It seems to be getting harder to get an application in front of NDWR's State engineers. Of course since there is a limited supply of water in the Valley existing rights are being contested. Uncontested water rights alone are taking 6-12 months in the permit process.
Does LIXXF have any Nevada mining permits yet?
I have 14 yr support at 2.91. Somebody just bought 60,000 at 2.97.
I don't know where the bottom is but it's close.
This is interesting. Reuters posted this article last month.
Something doesn't quite add up with China's rising steel production, but falling coal output and imports so far this year.
uk.reuters.com/article/2014/08/25/column-russell-china-coking-idUKL3N0QV1U120140825
Now we have Goldman trash talking Met coal today... Somebody's buying for chump change...
I wonder what's going to happen when China clears this for sale...
WLT on the move
bouncing off Support from July 2013
Looks like $10 is the magic number
I went through this with XSNX back in 2006. They needed to get 5% efficiency to get the funding support to go to market.
We've seen 7% for transparent solar in the lab but getting to production seems to be a problem.
I can't find anything on the efficiency of NENE's current crop of cells. Anybody know what the numbers are?
Just Checking in.
This thing came up on my radar because it has 130% Implied Volatility. The Market Makers don't have a clue which direction this is going in.
From a technical standpoint it's flattening out just below major resistance from July 2010. ~6.20
But if it closes the gap at 4.55 I'd be interested in selling some PUTs.
DDD won't see $25 this year.
This CNBC interview with Philip Manduca might give you a few more reasons to be in puts.
ECU Group's Philip Manduca "We Are At A Tipping Point" And The Only Thing That May Save The Euro Is A Collapse Of The US
http://www.zerohedge.com/article/ecu-groups-philip-manduca-we-are-tipping-point-and-only-thing-may-save-euro-collapse-us
This stock has the potential for some good tradable action. But you will need to be fast on your feet and take profits like traders did this morning.
The press release says it was; "...a cell culture assay employing the LSU proprietary green-fluorescent-protein-tagged (GFP) modified HSV-1 McKrae strain."
That means they still haven't done the mouse trials yet...let alone the 3 phases of Clinical Trials that need to be done for FDA approval... all of which guarantees a lot of wild price action.
Yea, but SOV was the banking play this morning.
Rice has to make a final decision about whether to place the Iranian Revolutionary Guard Corps (IRGC) and/or its lethal subset, the Quds Force on the terrorist list of the US State Department first.
I would imagine that the US is preparing for Iran's reaction to that announcement.
Thanks for the reply.
I've seen the Cornell Capital list.
I'm looking for a 2007 list of companies that used PIPE deals to finance their adventures.
New SEC rule means more than $35 billion in small-company shares could be unloaded today.
Changes that the Securities and Exchange Commission made to Rule 144, which governs unregistered securities, go into effect, which could lead investors to dump billions of dollars worth of shares before the end of the day.
Interesting Board.
Does anybody know where I can find a list of companies that used PIPE deals to finance their adventures last year?
Thanks for the reply.
Is this list limited to Cornell Capital Partners investments?
Does anybody have any idea on how to find out which companies used PIPE deals to finance their adventures last year?
Does anybody have any idea on how to find out which companies used PIPE deals to finance their adventures last year?
Does anybody have any idea on how to find out which companies used PIPE deals to finance their adventures last year?
Oh, if you watched Bernanke try to put lipstick on that stimulus pig, he knows. He did everything he could to qualify his approval. It had to be fast and it had to be short... None of which congress can do.
Watching Tom Cruse rant about Scientology will defiantly undermine your estimate of normal.
http://gawker.com/5002269/the-cruise-indoctrination-video-scientology-tried-to-suppress
Bernanke's biggest problem isn't the recession. It's the pressure the administration is putting on him to do things that he knows won't work.
OK, OK, what just happened?
Actually Alexander & Baldwin's exposure is kind of interesting they also own the Kauai Coffee Company...
ALEX of course...
Actually Alexander & Baldwin is your cane stock because they own Hawaiian Commercial & Sugar Company (HC&S), the largest largest producer of raw sugar in Hawaii.
HC&S location on Maui HC&S is the result of a series of mergers over many years that combined 14 predecessor sugar plantations.