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.
hUMMM... maybe they already did - come on William..
release the Kraken !!
It's possible Dawg!! You can buy your Dad a convertible!! EV of course!
Just one good PR... that's all we need,
with the beef.... C'mon William let it loose already!!!
MMTE !!
NICE !!! VERY IMPRESSIVE !!! GO MMTE !
Thanks Johnny , very impressive credential ~ so he took the test to achive Level 1?
Outstanding Maestro ! Thank you! This makes MMTE / CLIL very attractive to the Chilean government. The COEL's are not given to the highest bidder., they are given to the companies that are going to generate the most revenue over the 20 years. Those companies will be in the most desirable salt flats...
CLIL's largest concession is the Maricunga with over 8649 acres...
According to this report, Maricunga is the 2nd best prospect (of those that private mining companies are allowed on.)
CLIL is in 3 of the 15 listed here.. We could say CLIL has 3 of the 13 sites listed here as the first 3 are restricted to SQM, Rockwood and Codelco.
Keep in mind, Li3 has only 2945 hectares in the Maricunga.
(Some of CLIL's other concessions may be in copper areas)
The COEL's will be announced September 24th.
Doing the same thing today myself Dolphin !!
They generally are!!! GO MMTE !!!!! GO CLIL !!!! GO WILLIAM, JUAN PAULO, MAURICE AND PHILIPPI LAW !!!!
; )
Agree JB ! ~ or does William want to retain CLIL for the profits over 20 years... will all depend on what the offers are.... someone told me everyone has a price... I'd agree with that...
GO MMTE !
Nice work Maestro !! ~ again showing that SQM is on top of MMTE / CLIL., they know who their neighbors are... MMTE has prime real estate.
Can't wait to see who's in the running for bidding on CLIL.
With 20 year contracts on the COEL's it would make sense to purchase all you can now as the Li price is only expected to rise, makes one wonder who's sent out offers to William... ;)
Hi JB, Yes, I do think it is.. and I agree completely with your statement., the share structure/conversion has to enhance
investors (and I hope in particular longs as we've all taken huge
hits via our original investment pps).
I know many here and you've all put your hard earned dollars into the belief that William has made strong choices for the company and for our return. He's had the goods to do it., he's chosen the right people to work with.. now we wait for the reveal.
; )
Hi Neo, IMO the share structure has made MMTE vulnerable and we
have predators. They can make huge profits and accumulate shares for the real run.
Accumulation is phenomenal right now and has been for weeks..
stockcharts.com/h-sc/ui
This will not stop until we get the momentum from a PR with the beef..
The trip to Canada was intended to do just that... we await William's words now., if I had money I would still be buying.
Dii
Roger that Dawg !!! We would not have the black and white facts without him !! GO MMTE !!
Right on Carfinder !!!!!!!!!!!!! You nailed it. Lots of action going on these past 2 weeks... Contract applications due., William's trip to Canada., PR's , accumulation like crazy... we're about to pop. Just need that nice PR to explain what we're doing....
William's MMTE MO has been to always lay out his plan in a PR then follow through. He has accomplished an incredible amount of work in the last 24 months. He formed a Chilean company, he hired the best team possible... he is working with heavy weights.... and Mo Colson is in his corner with his 35 years of experience and global knowledge of mining companies, geological importance, and financing.
August will be a very formative month for MMTE and CLIL imo ;)
GO MMTE !!
Juan Paulo's recent work was a 724 Million dollar deal;
He represented Sumitomo Metal Mining www.smm.co.jp/E/
in the deal....
MMTE has first rate team here people.
http://www.philippi.cl/wp-content/uploads/2010/11/sierra-gorda-capital.pdf
Quadra FNX Mining Closes Joint Venture with Sumitomo Metal Mining Co.
Deal Announcement
16 May 2011
Major Japanese copper producer acquires 45% of Sierra Gorda mining project
Santiago, Chile, May 16, 2011 – Following many months of negotions, Canada’s Quadra FNX Mining and Japan’s Sumimoto Metal Mining Co. signed a joint venture agreement to invest in the copper and molybdenum mining project located in Sierra Gorda, Chile.
Sumimoto is one of Asia’s largest mining companies and the second largest copper producer in Japan. Under the agreement, Sumimoto will invest USD724 million to own 45% of the project, while Quadra Mining Chile, a Quadra FNX subsidiary, will have the remaining 55%.
The project will begin production in 2014. In its projected 20 years of operation, the mine will have an expected annual production of 730,000 tons of copper concentrate, or about 220,000 tons of cathode copper and molybdenum.
In Chile, Quadra was advised by Antonio Ortúzar V., law partner at Baker & McKenzie who is known for his vast experience in mining financing while Sumitomo was advised by Juan Paulo Bambach of Phillippi Yrarrazabal Pulido & Brunner
As in water rights Maestro? It appears that the small blue area is a lagoon?
Agreed Rocky !! the timing of William's trip to Canada should come as no surprise to anyone. The deadline for applying for a Chilean COEL was July 31st. IMO I believe once the party(ies) involved had proven to William / MMTE they had a application for a COEL contract, and were in a excellent position to have it awarded, it would be for these reasons agreements and take off arrangements were being negotiated ...
Who would help in this area? Juan Paulo Bambach.. it doesn't get any better than Philippi Law.
NEW YORK, NY--(Marketwire -07/25/12)- Mammoth Energy Group Inc. (MMTE) announced today that Company President William Lieberman is leaving next week for Canada for the purpose of negotiating lithium off take and joint venture agreements.
William Lieberman, President of Mammoth, stated, "Our trading activity correlates with an equity capital raise with an institutional fund where the Company raised $220,000 USD for the purchase of MMTE's lithium assets a year ago. The Company believes that the assets have increased five times in value. In contrast to other companies that claim to be in the lithium sector yet do not possess lithium assets, MMTE actually has titles and deeds for its assets which are available for verification through the Chilean Mining registries." He added. "Investors from JPMorgan Chase & Co. to BlackRock Inc. are trying to create revenue from the exploding popularity of iPads and increasing sales of hybrid cars by investing in producers of lithium for batteries," said Lieberman.
MMTE believes that the market is definitely moving forward for the lithium asset seller and the Company's focus is on getting the highest price for its lithium assets. MMTE is in the lithium business to implement the most lucrative arrangements for increasing shareholder value. It is fortunate for us that lithium prices are escalating so rapidly while worldwide supplies are so critically short.
Additionally, the Company is in the final stages of hiring South American, Chilean based management including a new President who will be able to implement many of the strategic goals for the Company.
Mammoth Energy Group's Compania Lithium Investments Limitada has already acquired an initial thirteen lithium concessions for a total of 8649 acres (3500 Hectares) in the southern section of the Salar de Maricunga, seven concessions for a total of 4695 acres (1900 hectares) in the Salar de Pujsa, 2471 acres (1000 hectares) in the Salar del Laco for a total of over 28,000 combined acres on seven different properties throughout Chile. Compania Lithium Investments Limitada was created to acquire, develop and explore lithium and mining assets in Chile on behalf of Mammoth Energy Group Inc.
About Mammoth Energy Group Inc. (MMTE) www.mammoth-energy.com
Mammoth Energy Group Inc. is focused on acquiring, developing and operating strategic mining energy reserves in locations throughout the world. With an ever changing shift to alternative energy and fuels Mammoth Energy Group will be prepared to be a leading energy supplier and operator. Mammoth Energy's goal is to become an important partner as the world's energy paradigm begins to change throughout the next decade and beyond.
Thank you for finding this Maestro.,
We are very close now. This is the area of expertise for our own Juan Paulo Bambach... he is our Ace in the hole... as a 'top tier mining lawyer in Chile (per Chambers and Partners 2011,2010)it's a sure bet he will be pushing for CLIL to be in that mix. In particular with the land in the Atacama. CLIL has many acres of concessions but it is in this area the mining industry is most interested in.
Between Juan Paulo as 1% owner of CLIL, and the law firm being such a dominant force in the mining industry, William has chosen the best possible team for CLIL ...
Juan Paulo Bambach S
Philippi, Yrarrázaval, Pulido & Brunner
Avenue El Golf 40, 20th floor
Las Condes
Santiago de Chile
Chile
7550107
(56-2) 364 3780
jpbambach@philippi.cl
Ranked In
Chile
Energy & Natural Resources: Mining (Band 1)
Profile (Band 1 is the highest ranking possible)
Practice Areas: Natural Resources. Corporate
Professional Memberships: Rocky Mountain Mineral Law Foundation. Bar Association of AIJA.
Career: Partner at Philippi, Yrarrázaval, Pulido & Brunner, member of Natural Resources area. Professor Mining Law. Universidad Los Andes. Post graduate diploma in Taxation Planning of Universidad Católica de Chile (2002). Post graduate diploma in Mining Law, Universidad de Atacama (1997). Master in Law, University of Wurzburg, Germany (1993). Law Degree, Universidad de Chile, Santiago, Chile 1988. Lecturer in local and international mining and energy seminars. Languagues: Spanish, English and German.
www.chambersandpartners.co.uk/UK/Editorial/71759
1Philippi, Yrarrázaval, Pulido & Brunner
Princeton-educated partner Juan Irarrázabal is highlighted for his "straightforward, business-minded approach," and is praised for his experience in projects, financing and corporate matters. Department head Juan Paulo Bambach is widely recognised for his comprehensive knowledge of mining law and also receives strong endorsement for his client service. Associate Francisco Varela provides excellent support to Bambach and is a key member of the department. His mining know-how is complemented by his ability to "seize the initiative when looking for solutions," according to sources. The pair are currently representing Sydney-based Shoreline Minerals in an extraction project based in the south of Chile.
Mine too Maestro!!
Huge accumulation Maestro!! Fantastic analysis and chart Sir! GO MMTE !
Outstanding Muddhole... thank you for the work you put in ~
Mudhole thank you for the comparison..
I had to read it a few times to understand, am I interpreting this correctly?
Do the CLIL concessions hold 8 times more li than Lithium One's ?
Agreed Maestro, excellent insight as usual.
He's telling all he knows what MMTE 's concessions are worth, and when he negotiates next week in Canada he knows his price point. I
Many clues here:
Mammoth Energy Group Inc. (PINKSHEETS: MMTE) announced today that Company President William Lieberman is leaving next week for Canada for the purpose of negotiating lithium off take and joint venture agreements.
Why Canada? We must be negotiating with a Canadian based Lithium company.
The Company believes that the assets have increased five times in value. In contrast to other companies that claim to be in the lithium sector yet do not possess lithium assets, MMTE actually has titles and deeds for its assets which are available for verification through the Chilean Mining registries." We own the concessions.
No mystery about it.
MMTE believes that the market is definitely moving forward for the lithium asset seller and the Company's focus is on getting the highest price for its lithium assets. MMTE is in the lithium business to implement the most lucrative arrangements for increasing shareholder value. It is fortunate for us that lithium prices are escalating so rapidly while worldwide supplies are so critically short.
Additionally, the Company is in the final stages of hiring South American, Chilean based management including a new President who will be able to implement many of the strategic goals for the Company My take is this will be where Philippi Law comes in... you can bet Juan Paulo would know who to appoint.
GO MMTE !!!!!!!!
Thank you William ;)
If you got it you'd be loading...
AMA, It's about the need for "massive amounts of lithium" ... you don't get it.
Agreed Ofspring! It's about the bidding wars... you get it!
USA: Should Apple buy Tesla because of the shortage of lithium for batteries?
Both Apple and Tesla depend on lithium ion batteries, making some float the theory that Apple should buy Tesla because both require companies “massive amounts of lithium”.
A theory is making the round again, that Apple should buy Tesla Motors. The connection? Both depend on lithium ion batteries to power the gizmos sold by each company. A recent news report suggested the boom in iPad sales, as well as electric and hybrid car sales, was contributing to a jump in lithium prices. A press release today from Nova Mining Corp suggests the run-up on lithium prices could cause Apple and Tesla to merge because both companies require “massive amounts of lithium”.
In other words, both companies use lithium ion batteries as a key component in their respective products. The upswing of both electrified vehicles and modern electronics gizmos is in part due to growing capabilities of lithium ion batteries, and dependent on the supply of these batteries. Does this mean Tesla and Apple should merge? Not necessarily, but there are some other interesting overlaps between the companies.
More torquenews.com
June 29th, 2012 | Category: Battery News, Opinion
http://www.4evriders.org/2012/06/usa-should-apple-buy-tesla-because-of-the-shortage-of-lithium-for-batteries/
Related posts:
USA: Potential 10x Stock Idea: Why I Believe Tesla Is the Next Apple
USA: Tesla Model S: ‘If Apple Made A Car, This Would Be It’
USA: Is Tesla the Next Apple?
Australia: OZ To Benefit From Lithium Batteries
USA/Japan: Tesla to use Panasonic’s Nickel-based lithium-ion batteries
I think so too JB... with limited time I believe JV's are being formed for exactly the reason(s) you state...
; ) MMTE !
Exactly Nerves., This is exactly the reason for the PR's. William's MO is to outline his next action in a PR... then he follows through. He has done that consistently for two years. You have to pick up on the language used in the PR's.. look for action words... look for company or industry names... you have to be able to pick up what he is putting down... it's not cryptic, in my opinion it's done as a 'buy now people'.... and in my opinion he is also giving a nod to the investors here.
Accumulation is sky high and William is much too frugal to spend money on frivilous PR's.
NEW YORK, NY, Jul 19, 2012 (MARKETWIRE via COMTEX) -- Mammoth Energy Group Inc. (PINKSHEETS: MMTE) a lithium and alternative energy mining company announced today that bidding wars are beginning to develop on Lithium related projects in Chile.
"The past two years have been quite busy for Mammoth Energy Group," said William Lieberman, President of Mammoth Energy Group. "We have built a base of investors that are focused on the development of the company's assets through its subsidiary Chile Lithium Investments Limitada. The lithium market has begun to develop quite rapidly and investors and governments are now beginning to see the strategic importance lithium has in our daily communications. The large mining companies are in Chile and there are a handful of juniors who are actively seeking joint venture and assets sales," he added.
According to an interview named "Lithium Demand Will Spike" by The Energy Report, Daniela Desormeaux, an expert in industrial chemicals and natural resources, named several factors that have led her to conclude that lithium demand will tighten even more. In light of the fact that Bloomberg Businessweek, also quoted by Ms. Desormeaux, recently reported that lithium prices have tripled, this new expert information may be a signal that the market for lithium could quickly be headed for a "bubble effect."
Why put this in MMTE's pr?
Multiple reports of Apple's booming iPad sales, smartphones and electric cars driving up lithium prices and tightening demand have recently hit the news as these items need lithium as the main ingredient in their long-life batteries. Consumers are also anticipating an Apple iPhone 5 to be released this year. Bloomberg reported that, due to the exploding popularity of iPads and increasing sales of hybrid cars, investors from JPMorgan Chase & Co. to BlackRock Inc. are investing in producers of lithium for batteries. The Bloomberg article can be seen at http://www.bloomberg.com/news/2012-06-19/ipad-boom-strains-lithium-supplies-after-prices-triple.html
NEW YORK, NY, Jul 17, 2012 (MARKETWIRE via COMTEX) -- Mammoth Energy Group Inc. (PINKSHEETS: MMTE) a lithium and alternative energy mining company announced today that matters are progressing in the development of its Chilean lithium assets.
"We have a number of potential options on the table," said William Lieberman, President of Mammoth Energy Group. "I believe that all shareholders in Mammoth Energy Group will be pleased with the direction that we intend to proceed into. We have been approached by potential joint-venture partners as well as a potential acquisition of MMTE's assets and have also been progressing on additional financing agreements. The development of the Company is a methodical process, however, we are focused on increasing shareholder value and expect to finalize the next steps for the Company."
My interpretation only: Buy Baby Buy.
MMTE MMTE MMTE MMTE MMTE MMTE MMTE MMTE MMTE
Nice day Pan Am !!!
*** "The past two years have been quite busy for Mammoth Energy Group" **
Bidding War in Chile for Lithium May Create Boost for Mammoth Energy Group
NEW YORK, NY, Jul 19, 2012 (MARKETWIRE via COMTEX) -- Mammoth Energy Group Inc. (PINKSHEETS: MMTE) a lithium and alternative energy mining company announced today that bidding wars are beginning to develop on Lithium related projects in Chile.
"The past two years have been quite busy for Mammoth Energy Group," said William Lieberman, President of Mammoth Energy Group. "We have built a base of investors that are focused on the development of the company's assets through its subsidiary Chile Lithium Investments Limitada. The lithium market has begun to develop quite rapidly and investors and governments are now beginning to see the strategic importance lithium has in our daily communications. The large mining companies are in Chile and there are a handful of juniors who are actively seeking joint venture and assets sales," he added.
According to an interview named "Lithium Demand Will Spike" by The Energy Report, Daniela Desormeaux, an expert in industrial chemicals and natural resources, named several factors that have led her to conclude that lithium demand will tighten even more. In light of the fact that Bloomberg Businessweek, also quoted by Ms. Desormeaux, recently reported that lithium prices have tripled, this new expert information may be a signal that the market for lithium could quickly be headed for a "bubble effect."
Multiple reports of Apple's booming iPad sales, smartphones and electric cars driving up lithium prices and tightening demand have recently hit the news as these items need lithium as the main ingredient in their long-life batteries. Consumers are also anticipating an Apple iPhone 5 to be released this year. Bloomberg reported that, due to the exploding popularity of iPads and increasing sales of hybrid cars, investors from JPMorgan Chase & Co. to BlackRock Inc. are investing in producers of lithium for batteries. The Bloomberg article can be seen at www.bloomberg.com/news/2012-06-19/ipad-boom-strains-lithium-supplies-after-prices-triple.html
Mammoth Energy Group's Compania Lithium Investments Limitada has already acquired an initial thirteen lithium concessions for a total of 8649 acres (3500 Hectares) in the southern section of the Salar de Maricunga, seven concessions for a total of 4695 acres (1900 hectares) in the Salar de Pujsa, 2471 acres (1000 hectares) in the Salar del Laco for a total of over 28,000 combined acres on seven different properties throughout Chile. The company is currently in acquisition mode and Compania Lithium Investments Limitada was created to acquire, develop and explore lithium and mining assets in Chile on behalf of Mammoth Energy Group Inc.
About Mammoth Energy Group Inc. (PINKSHEETS: MMTE) www.mammoth-energy.com Mammoth Energy Group Inc. is focused on acquiring, developing and operating strategic mining energy reserves in locations throughout the world. With an ever changing shift to alternative energy and fuels Mammoth Energy Group will be prepared to be a leading energy supplier and operator. Mammoth Energy's goal is to become an important partner as the world's energy paradigm begins to change throughout the next decade and beyond.
Forward-Looking Statements This press release may contain certain forward-looking statements within the meaning of Section 27A of the Securities and Exchange Act of 1933, as amended, and Section 21E of the Securities and Exchange Act of 1934, as amended, and such Forward-Looking Statements are intended to be covered by the safe harbors created thereby. Investors are cautioned that all forward-looking statements involve risks and uncertainties. All statements other than statements of historical fact in this announcement are forward-looking statements, including but not limited to the viability of the company's business plans, the effect of acquisitions on our profitability, the effectiveness, profitability, and the marketability of the Company's products; the Company's ability to protect its proprietary information; general economic and business conditions; the volatility of the company's operating results and financial condition; and other risks detailed in the Company's filings with the Securities and Exchange Commission.
These forward-looking statements involve known and unknown risks and uncertainties and are based on current expectations, assumptions, estimates and projections about the company and the industry. The Company undertakes no obligation to update forward-looking statements to reflect subsequent occurring events or circumstances, or to changes in its expectations, except as may be required by law. Although the company believes that the expectations expressed in these forward-looking statements are reasonable, management cannot assure the public that their expectations will turn out to be correct, and investors are cautioned that actual results may differ materially from the anticipated results.
Contact:
Mr. S. Ahshrup
Phone: (212) 613-5453
Email: info@mammoth-energy.com
Web: www.mammoth-energy.com
SOURCE: Mammoth Energy Group Inc.
CONTACT: mailto:info@mammoth-energy.com
http://www.mammoth-energy.com/
Thank you Mayhem, always here.. always positive, particularly after
yesterdays PR... it's on it's way, just waiting it out...
Terrific! You won't be the only one rmeek!!
Yes we do Dawg! Someone sure is buying, check it out:
http://stockcharts.com/c-sc/sc?s=MMTE&p=D&yr=0&mn=3&dy=0&i=p73043576776&r=1342570575893
Roger that too..
Roger that... all in here...
Purchased? Do you mean have formed consortium's?
What is going on right now behind the scenes is a land grab, in addition to that companies are forming COEL's to have a chance at one of the coveted contracts... Will is very much aware of this and the timeline involved...
Next stage
To participate in the bidding process, investors have until the end of July to acquire the auction conditions and terms. The deadline for submission of tenders is September 12, and the first decision is expected to be announced in the fourth quarter of this year. The government has said that this tender will be the first of several tenders.
GO MMTE !
Chile Invites Private Investors for Lithium Contracts
Thursday July 5, 2012, 4:00am PDT
By Dave Brown - Exclusive to Lithium Investing News
Share on linkedin_counter Email
Last month, Pablo Wagner, the deputy mining secretary of Chile, completed a marketing road show in New York and Toronto in an attempt to interest investors in bidding for contracts to produce lithium in Chile. Wagner met with as many as 300 representatives of investment banks and mining companies during his four-day visit. The trip generated some interest, with as many as 24 investors becoming involved in the lithium bidding process.
On June 12, Chilean President Sebastian Pinera invited local and foreign companies to tender offers to mine the country’s lithium resources. Under the guidelines, a successful bidder will be granted the rights to extract up to 100,000 tonnes of lithium over a 20-year period in exchange for paying the government royalties equivalent to 7 percent of the total yield. The special lithium operating contract (CEOL) covers exploration and production of lithium, excluding areas already in production under a 1932 mining law. The operating contract is expected to generate as much as $350 million for the government.
Developments in Chile are extremely relevant to all lithium stakeholders as the country currently accounts for as much as 43 percent of lithium production.
Potential stakeholders
Li3 Energy (OTCBB:LIEG) and its partner POSCO (NYSE:PKX), the largest steelmaker in South Korea and the fourth worldwide, already have a project in the Salar de Maricunga and are among the potential bidders. Other stakeholders include Talison Lithium (TSX:TLH), Minera Copiapó linked to Samsung SDI and Francisco Javier Errázuriz, Pan American Lithium (TSXV:PL), and Simbalik. Chile-owned top copper producer Codelco is also a potential bidder, and its chairman, Gerardo Jofre, indicated that he is “interested in participating but must study whether investing in the metal would be profitable.”
Opposition
Chile-based lawyer Marlene Brokering indicated to Lithium Investing News that the initiative has been challenged by the opposition, which fears that the government is encouraging the privatization of state-owned resources. She commented, “some people oppose this project for two main reasons. One is that they wish for the development of lithium batteries here in Chile, so the country has better revenues for the lithium. Another [reason] people oppose the project [is] because many foreign mining companies have paid in Chile little to no taxes due to the use of different accounting procedures.”
The government wants the lithium industry to grow; however, the opposition says the state should maintain ownership over the industry, which might represent billions of dollars in future revenue. The results of this opposition are unlikely to influence Pinera, as he strongly advocates free-market policy and is the first conservative Chilean president since the end of the Pinochet military dictatorship in 1990. Senators representing the opposition recently announced their intention to bring the decision to privatize the country’s lithium reserves before the Constitutional Court.
Next stage
To participate in the bidding process, investors have until the end of July to acquire the auction conditions and terms. The deadline for submission of tenders is September 12, and the first decision is expected to be announced in the fourth quarter of this year. The government has said that this tender will be the first of several tenders.
Securities Disclosure: I, Dave Brown, have no interests in the companies mentioned in this article.
MMTE !
This is a powerful statement from William, he is laying it on
the line that he is interesting in either joint-venture(s)
or a buyout... With Wiliam you have to know that he lays lays out the PR then follows through with the deal.... that's his MO.,
In my opinon this will work out terrific for MMTE investors!
"We have a number of potential options on the table," said William Lieberman, President of Mammoth Energy Group. "I believe that all shareholders in Mammoth Energy Group will be pleased with the direction that we intend to proceed into. We have been approached by potential joint-venture partners as well as a potential acquisition of MMTE's assets and have also been progressing on additional financing agreements.