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A fascinating conversation between Motti Kushnir, ??InfinityAR? CEO, and Robert Scoble at ?CES2016
13/01/2016 - 10:15am
https://www.facebook.com/RobertScoble/videos/10153815469519655/
Charts looks Nice we still have a very strong level of support .49 looks like should hold up for a long time. god buy price might be .59 if you can get in at that price.we are looking good on volume and the last time we had a volume day like we did Thursday the follow day had a nice gap up in price so maybe today we have a run up before the weekend i would love to see it run up today to about above .70
Also Joe Lowry posted on Twitter Good info but $SQM's average export price does not reflect the higher price many end users are actually paying. and that is very positive.
low-hanging fruit looks good at .02 .03 only trouble with this is that sometimes the easy picking fruit can give you a very bad belly ache.my mother always used to say to me when selecting a woman do not pick the low hanging fruit.Wait for the rip ones or the hard to reach so you do not get worms or rotten insides.This works better if you do not drink lol. I be taking a basket full of ground fruit home after drinking. I would not recommend stock trading why drinking also, the Casino gives free drinks so your judgment is gone and that makes your gambling capital gone also.
I do think ASTI Is attracting a lot of trading activity with the amount of volume its very easy to get your order out and that is what day traders look for. If I was not working i would love to day trade this with moves effecting the price 30% one day swings and you could make a home run if quick and smart with your charts.
Might be so but the connection to Lockheed Martin could be beneficial.
I am not sure tell you the truth.
LMRMF GRAPHENE 3D LAB INTRODUCES A NEW GRAPHENE FOAM THAT CAN ABSORB UP TO 8,000% OF ITS WEIGHT IN OIL
https://3dprint.com/134517/graphene-3d-lab-foam/
The new graphene foam materials can absorb an astonishing 3,500% to 8,000% of their own weight in organic solvents or oils, all while being completely unaffected by water. Hollywood may be content turning the Deepwater Horizon disaster into a terrible disaster-porn movie, but oil spills are horribly destructive ecological disasters that will poison the environment for decades. One of the reasons that oils spills are so devastating is the inability to remove the oil from water, forcing the local environment to disperse and absorb it. The high oil absorption capacity of the new porous graphene solid state foams could be used to enable fast and efficient oil spill clean-ups, possibly even being deployed before the spill even contacts the water. High-tech solutions are extremely sought-after for the cleaning up of oil spills.
LMRMF GRAPHENE 3D LAB INTRODUCES A NEW GRAPHENE FOAM THAT CAN ABSORB UP TO 8,000% OF ITS WEIGHT IN OIL
https://3dprint.com/134517/graphene-3d-lab-foam/
The new graphene foam materials can absorb an astonishing 3,500% to 8,000% of their own weight in organic solvents or oils, all while being completely unaffected by water. Hollywood may be content turning the Deepwater Horizon disaster into a terrible disaster-porn movie, but oil spills are horribly destructive ecological disasters that will poison the environment for decades. One of the reasons that oils spills are so devastating is the inability to remove the oil from water, forcing the local environment to disperse and absorb it. The high oil absorption capacity of the new porous graphene solid state foams could be used to enable fast and efficient oil spill clean-ups, possibly even being deployed before the spill even contacts the water. High-tech solutions are extremely sought-after for the cleaning up of oil spills.
Mr. George Thomas Marsh,
also known as Tom served as an Executive Vice President of Lockheed Martin Space Systems Co. since July 2003 until 2006. Mr. Marsh served as President and General Manager of Lockheed Martin Space & Strategic Missiles from 2002 to 2003. He served as President of Lockheed Martin Astronautics Operations. He served as Executive Vice President of Lockheed Martin Missiles & Space, President of Special Programs for Lockheed Martin Space & Strategic Missiles, and as President of Manned Space Systems at Martin Marietta Corporation from 1969 to 1995. Earlier, he served as Vice President of technical operations for Astronautics, as Vice President of flight systems, vice president and deputy for Astronautics and Vice President of operations for defense space and communications. Mr. Marsh has been an Independent Director at Ascent Solar Technologies, Inc. since June 2010. He served as a Director of ION Geophysical Corporation from December 2008 to December 2010. He serves as a Senior Member of the American Institute of Aeronautics and Astronautics (AIAA) and a Member of the Institute of Electrical and Electronics Engineers (IEEE). He serves as a member of the Engineering Advisory Council for the University of Colorado at Boulder, a Member of the board of trustees of the Denver Museum of Nature and Science, and Director of the Denver Area Council of the Boy Scouts of America, the Denver Metro Chamber of Commerce, the Alliance for Choice in Education, the Mountain States Employers Council, Inc., and Junior Achievement, Rocky Mountain, Inc. He has been involved extensively in United Way and U.S. Savings Bonds campaigns. In 1977, Mr. Marsh received a NASA Public Service Award for his outstanding efforts as the principal designer of the electronic and power equipment for the Viking Mars Lander spacecraft. He also was a member of the Viking Lander Team, which received a NASA Public Service Award. In July 1997, Mr. Marsh was awarded the NASA Public Service Award for his distinguished work on the Space Shuttle's external tank. He served in the U.S. Navy before attending the University of New Mexico, where he received a Bachelor of Science degree in Electrical Engineering. Mr. Marsh has a Master's Degree in Business Administration from the University of Colorado. In addition, he attended the Massachusetts Institute of Technology's Sloan School of Management.
Timeframe Transactions Shares
Last 6 Months 3 Purchases 600,000
Last 12 Months 4 Purchases 1,600,000
Most Recent Insider Transactions
June 2015 - January 2016
Filing Date Name/Title Shares Transaction Value
01/01/16
Amit Kumar
Director
200,000 Award at $0 per share 0
01/01/16
George Thomas Marsh
Director
200,000 Award at $0 per share 0
01/01/16
Kim J. Huntley
Director
200,000 Award at $0 per share 0
06/10/15
TFG Radiant Investment Group Ltd.
1,000,000 Acquisition at $1.00 per share 1,000,000
SOME 10Q points
Net Loss. Our Net Loss was $10,525,000 for the three months ended March 31, 2016 compared to a Net Loss of $17,788,000 for the three months ended March 31, 2015, a decrease of $7,263,000.
The decrease in Net Loss for the three months ended March 31, 2016 can be summarized in variances in significant account activity as follows:
Series A Preferred Stock
In June 2013, the Company entered into a Securities Purchase Agreement with an investor to sell an aggregate of 750,000 shares of Series A Preferred Stock at a price of $8.00 per share, resulting in gross proceeds of $6,000,000. This purchase agreement included warrants to purchase up to 262,500 shares of common stock of the Company. The transfer of cash and securities took place incrementally, the first closing occurring on June 17, 2013 with the transfer of 125,000 shares of Series A Preferred Stock and a warrant to purchase 43,750 shares of common stock for $1,000,000. The final closings took place in August 2013, with the transfer of 625,000 shares of Series A Preferred Stock and a warrant to purchase 218,750 shares of common stock for $5,000,000.
Holders of Series A Preferred Stock are entitled to cumulative dividends at a rate of 8.0% per annum when and if declared by the Board of Directors in its sole discretion. The dividends may be paid in cash or in the form of common stock (valued at 10% below market price, but not to exceed the lowest closing price during the applicable measurement period), at the discretion of the Board of Directors. The dividend rate on the Series A Preferred Stock is indexed to the Company's stock price and subject to adjustment. In addition, the Series A Preferred Stock contains a make-whole provision whereby, conversion or redemption of the preferred stock within 4 years of issuance will require dividends for the full four year period to be paid by the Company in cash or common stock (valued at 10% below market price, but not to exceed the lowest closing price during the applicable measurement period).
The Series A Preferred Stock may be converted into shares of common stock at the option of the Company if the closing price of the common stock exceeds $11.60, as adjusted, for 20 consecutive trading days, or by the holder at any time. The Company has the right to redeem the Series A Preferred Stock at a price of $8.00 per share, plus any accrued and unpaid dividends, plus the make-whole amount (if applicable). At March 31, 2016, the preferred shares were not eligible for conversion to common shares at the option of the Company. The holder of the preferred shares may convert to common shares at any time, at no cost, at a ratio of 1 preferred share into 1 common shares (subject to standard ratable anti-dilution adjustments). Upon any conversion (whether at the option of the Company or the holder), the holder is entitled to receive any accrued but unpaid dividends and also any make-whole amount (if applicable). See Note 8. Make-Whole Dividend Liability.
During the three months ended March 31, 2016, the holder of the Series A Preferred Shares converted 0 preferred shares into 0 shares of common stock.
I understand it says this board is listed under Home > Boards > US OTC > Mining/Resources > Lithium Amers Corp. (LACDF)
it would be understandable to think it was a open board to talk about resources related to the effect on LACDF but specific other stocks can be off topic . In the hand book under off topic it does not say like it does to the right of this box .
TOU Reminders for Stock Specific Boards
You are posting to the Lithium Amers Corp. (LACDF) board. Please keep your post about the stock and company. Do not post about other users or other stocks.
Your post may be removed if it contains off-topic or other content that violates the terms of the Terms of Service.
Off Topic
Posts about or focusing on other Members or groups of people and their reasons for posting on the board (i.e. "XYZDownDaDrain" is just a basher, ignore him", "XYZToDaMoon" is a pumper", "the naysayers are very loud today", "c'mon, where did all the cheerleaders go?"). The post does not have to be addressed to a specific person. If the post is about other Users then it should be removed.
Posts with religious or political statements should be removed as "off topic". These inevitably create an avalanche of replies that are off topic as well.
Posts about Moderators and/or deletions are also "off topic". Issues of this nature need to be discussed with a Site Admin.
Putting "ot" at the beginning of a post does not make it acceptable. It is still off topic and eligible for removal.
I am sure you were forced into buying this stock and could not understand the risk of investing.Even if you worked for ASTI and they gave you the option of owning there stock or buying at a discounted price you are still informed of the risk, stupid people who allow them self to be convinced to buy things based on there own greed for dreaming of getting wealthy without working learning should not invest there money. you made someone smarter than you money and they are not going to thank you. If you want to give more money keep making the same life choices and blame other for it.
I found this interesting information in a post form Chris Berry look at the word megafactories I love this word.
Chris Berry
One of the greatest misunderstandings about the lithium ion battery space is that Tesla Motors (NASDAQ:TSLA) is the only game in town. This couldn’t be further from the truth. While TSLA sucks all the oxygen out of the room with the plans for the Gigafactory, similar build outs are happening in Asia – specifically China. Our friends at Benchmark Mineral Intelligence have estimated that at least 12 lithium ion “megafactories” are forecast to come online by 2020, with 7 of them located in China.
It is for this reason that we think you’ll see higher cobalt prices in the intermediate term, as refined cobalt chemical production will not match the anticipated demand from the battery sector.
Ultimately, we see a great deal of tension in the lithium ion battery space. This is exciting, as it creates disruptive discovery opportunities. TSLA’s plan to accelerate production to 500,000 cars per year by 2018 and 1,000,000 per year by 2020, however absurd, is one example.
confirmation David Deak 850,000 share .75 Canada
May 9/16 May 1/16 Deak, David Direct Ownership Options 56 - Grant of rights 350,000 $0.750
May 9/16 May 1/16 Deak, David Direct Ownership Options 50 - Grant of options 500,000 $0.750 - See more at:
https://www.canadianinsider.com/company?menu_tickersearch=LAC%20%7C%20Lithium%20Americas
Deak takes lithium technical role
David Deak has been appointed chief technical officer of Lithium Americas, and president of its subsidiary Lithium Nevada Corp.
Deak holds a D.Phil in materials science from Oxford University. He has experience in technology development and commercial roles. Most recently, he led strategic development projects focused on battery manufacturing and supply chain activities, including lithium supply.
CEO Tom Hodgson said Deak would play a key role in the recently-announced joint venture with SQM for the Cauchari-Olaroz lithium project in Argentina.
“We have also asked David to lead the development efforts for our Nevada-based project, which represents one of the largest lithium resources in North America, and remains an important corporate priority,” said Hodgson.
Nice picture.
http://www.mining-journal.com/people/on-the-move/deak-takes-lithium-technical-role/
Is it too late for positive thinking ? They finally directed thought cone of guided energy might be able to do a reversal. I am working on it now.
Might have one in LACDF for sure Billjet that's why I am holding a set position but I am also Spreading me bets across many companies
Owning more companies gives you the benefit of diversification. Furthermore, finding those truly great businesses that will deliver 10-bagger returns isn't easy. Very few businesses or stocks will deliver 10-bagger returns, and you'll increase your chances of finding them by spreading your bets. It's sort of like venture capital investing. Venture capitalists invest in a basket of high-potential companies with hopes that a few massive winners will more than offset the inevitable losers.
There's an old Wall Street saying: "Bulls make money, bears make money; pigs get slaughtered." The implication is that you need to regularly take profits on your winners.
And, frankly, it's fine, in certain circumstances. If a single stock has become such a big part of your portfolio that you're uncomfortable or if you lose faith in the business, it's fine to trim or sell out. But resist the urge to mindlessly sell winners. If you're interested in 10-bagger returns, you need to stay in the game and let your winners run.
Lithium Americas Corporation and the
SQM deal. I was reviewing some of my research and realize just how wrong I was. I was making a credible assumptions based on nothing other than pure speculation with really no facts to back it up. I was trying to make logical connections based on information that I was reading online without having any real confirmation or on the ground understanding. It's very easy to be very engaged in daydreaming. There's a very interesting article in the Wall Street Journal about this and they're even considering a medical diagnosis for people who excessively do this. Now some of my research had backing from credible sources other parts were just grandeur wishful thinking non validated .
I am working on correcting this MLB trying to post information only rooted in fact. Now as far as my technical analysis that is something that I personally follow and take full responsibility for all my trading relies on it. I would caution anybody to do their own technical analysis but if there's any key points I'd be happy to read them from anybody who shares theirs.
I do believe lithium Americas has a bright future and potentially large growth 5 trim my share position down to an acceptable risk tolerance it will hold that position long.
Since I have so much invested time in studying this stock and it charts. Also how it responds to news and different pattern setups I might periodically day trade or swing trade this stock.
One of the valuable things of studying and watching a particular stock over a period of time as you're able to discern its movements much better than someone else you just enter your territory and you can capitalize on their weakness of lack of knowledge. There's always a loser at the end of the winning trade.
Lithium Americas Corp (TSE:LAC)
AGR Rating:
Aggressive (22)
Lithium Americas Corp is currently rated as having Aggressive Accounting & Governance Risk (AGR), receiving an AGR score that places them in the 22nd percentile among all companies in North America rated by GMI indicating higher accounting and governance risk that 78% of other companies.
From MSCI ESG RESEACH INC GMI ANALYST
I could not post everything Fidelity will not let me copy and past. I can Email anyone with full report
Quantitative Equity Report | Release: 10 May 2016, 21:16, GMT-05:00 | Reporting Currency: USD | Trading Currency: USD | Market: OTCQX
Lithium Americas Corp LACDF Morningstar Rating 2 STARS out of 5
Quantitative Scores Scores
All Rel Sector Rel Country
Quantitative Moat None 4 7 3
Valuation Overvalued 9 30 45
Quantitative Uncertainty Very High 30 56 69
Financial Health Moderate 42 39 40
Source: Morningstar Equity Research
r CAN
LACDF
Undervalued Fairly Valued Overvalued
LAC's new CTO issued 850,000 shares @ $0.75. I would have to say that he will be motivated to make the SP climb climb looking to confirm this.
Well I copied it so it's not my post it's some person on some other message board. The content is what was interesting about George Ireland.
Is that better I do not understand if you are saying it said Jet or like look at the opening like overlord like that. is this post better?
is time from someone who works in a family office in New York: Apparently, Ireland had made the decision a year ago to wind up Geologic and pay off his investors. By March of this year, he had reduced his portfolio substantially and had only a small number of positions remaining including LAC (this checks out if you look at his 13-D filings). In April, Ireland apparently offered to buy out, personally, all the investors in Geologic. According to my source, he believed he had to wait to make his move until all the news about LAC was in the market. Apparently, only about a third of his investors chose to sell. The rest elected to stay in for what was described as undetermined amount of time as his description of LAC and a couple other of his investments, backed up by his willingness to commit substantial dollars, caused many of his investors to want to continue to back him. I googled Geologic and didn't come up with much which seems strange for a fund that relies on outside investors. I would have thought they would have more of a marketing presence. I also googled Ireland and here is the only thing I found on him: http://streetwisereports.com/pub/na/never-mistake-intelligence-for-a-bull-market-george-ireland According to a friend on the New York trading desk of a Canadian brokerage, Geologic has been one of the most respected names in the business for doing their homework and has incredibly deep connections into many companies. He warned me, however, that Ireland can be quietly ruthless if he feels like he has been crossed. So, my take on what is happening is that Geologic orchestrated the merger of LAC and Western. Then, when Western's management stumbled, Ireland forced them out and put his own team back in place. At the same time, when POSCO tried to play hardball with LAC, the management team must have used the Geologic connection to get SQM into the game. Now it looks like they are intent on building a real company out of what was likely a typical junior stock promote. The conclusion I am coming to is the Company's largest shareholder is clearly in this this for the long haul and the big bang. And the guy controlling the largest shareholder is putting his money where his mouth is. Posted by someone on some other board.
are you talking about were the poster said Psychology Department policy on PSYBA and PSYBS degrees Or is there something in that post i missed?
It was copy and paste from some other board .
Yes you would investing in penny stocks high risk. Investing in low volume stocks with no ability to set stop loss is the most risk out there you might want to consider reading a book like Mastering the Trade or set yourself up a fake trading account to prove to yourself you can maintain a positive return. Try Wallstreet survivor and Investopedia for learning.
Everything is an illusion. And with the right type of magic and positive thinking through the collective consciousness of beings that means all the shareholders must collectively think positive.
With this highly directed positive thought wave a stock increase is inevitable.
Wall Street await Lithium Americas Corp (lacdf) to release earnings on May, 11. The stock increased 1.43% or $0.01 on May 9
I have them trading on my Fidelity account can see the time a trades for 5/10/2016 is this the day you are asking about>?
Mobile Augmented Reality Market Worth $79B+ by 2022
May 10, 2016
According to the new market research report "Mobile Augmented Reality Market, by Component (3D Cameras, Displays, Sensors, and Software), Application (Smartphones, Tablets, Personal Digital Assistants (PDA)/Game Consoles, Smart Glasses, and Wearables), Vertical, and Geography - Global Forecast to 2022", published by MarketsandMarkets, is expected to be worth USD 79.77 Billion by 2022, at a CAGR of 69.85% between 2016 and 2022.
The major driver for the growth of the mobile augmented reality market is the high penetration of smartphones and tablets in almost all verticals.
Demand for software components and smartphones expected to drive the mobile augmented reality market.
The market for software components is expected to grow at the highest CAGR between 2016 and 2022. Software components include programming languages, platforms, interfaces, and software development kits (SDKs) used to develop mobile augmented reality apps. Also, for coordination with the real-world, software such as motion tracking, capturing algorithms, servers, and graphics libraries are required.
The advancement in platform based-applications and networking services would lead the mobile augmented reality market. The demand for the Installation of various software applications in smartphones with high functionalities and embedded sensors, to sense the real environment and provide related virtual information simultaneously, is growing. Therefore, the demand for smartphones in mobile augmented reality is high.
The market for the commercial vertical is expected to grow at the highest CAGR between 2016 and 2022. The demand for mobile augmented reality apps in education and e-retailing sectors is very high. In the commercial vertical, mobile augmented reality gives a new experience to tourists by displaying virtual things in the real environment to enhance their experience. This would drive the growth of the mobile augmented reality market for the commercial vertical.
The Mobile Augmented Reality Market in APAC is expected to grow at the highest CAGR between 2016 and 2022. The reason for this growth is adoption of new technologies, economic growth, and increasing use of smartphones and other gadgets. The rapid increase in technological innovations and advanced communication systems are driving the demand for mobile augmented reality apps in China, Japan, India, and South Korea. Most of the developments in smartphones and tablets market are expected in China. Therefore, the market in APAC is expected to grow rapidly during the forecast period.
The key players in the ecosystem of the mobile augmented reality market profiled in this report are Google Inc. (U.S.), Qualcomm Inc. (U.S.), Samsung Electronics Co. Ltd. (South Korea), Microsoft Corporation (U.S.), Infinity Augmented Reality Inc. (Israel), Blippar.com Limited (U.K.), DAQRI LLC (U.S.), Wikitude GmbH (Austria), Metaio GmbH (Germany), Catchoom Technologies (Spain), Aurasma (U.K.), and Atheer Inc. (U.S.).
Analysis and Lithium Americas Corp (LAC) Earnings Review
by Blanche Silva — May 10, 2016
http://www.bodyconfidential.com/stocks/analysis-and-lithium-americas-corp-lac-earnings-review/100403/
LMRMF Could be making a move on the stock chart this week.
I really think there doing a nice job marketing EnterPlex
http://www.goenerplex.com/
I am not really into the K 8 Filing showing the amount of dilution and all the connection this has to china who manipulates there currencies and anything they touch can seem to osculate like a yo yo.
Argentina Lithium Update - May, 2016
Joe Lowry
https://www.linkedin.com/pulse/argentina-lithium-update-may-2016-joe-lowry?published=t
In February I shared my thoughts on the changing status of Argentina in the lithium world. The combination of a new government with a focus on supporting rather than impeding business development coupled with surging demand for lithium led me to believe that a new day had dawned for Argentina’s potential as a lithium power.
I spent last week traveling around Argentina – meeting with a cross section of lithium stakeholders: lithium company executives, local industry experts, infrastructure companies as well as national and provincial regulators. My path crossed with people working for a total of six lithium projects over the course of the week. My last meeting was just minutes before I boarded my flight back to the US in an airport lounge. The lithium company executive sitting across from me seemed (sincerely) even more bullish than I am.
So how do I see the Argentina scenario playing out?
First a brief recap of where we are. Over the past five years capacity additions of approximately 80K MT were expected: Galaxy’s Jiangsu, China plant was supposed to have a capacity of 17K MT. It has been sold to Tianqi and is still producing well below nameplate. Albemarle/Rockwood’s 20K MT expansion at La Negra was delayed. FMC’s “30%” expansion didn't result in increased output although a lot of capital was invested. Canada Lithium/RB Energy’s 20K MT plant was the biggest lithium failure in history. Finally, Orocobre's 17K MT project at Olaroz that was supposed to be producing “at capacity” at various dates depending on which of their announcements you read last- is still in an extended "start-up". Of the projects listed only about 18K MT of the anticipated 80K MT is currently in production.
Meanwhile, on the demand side, lithium in “electric transportation” seems to have finally gained traction (no pun intended) and the “era of ESS” seems ever closer. Demand for LCEs (lithium carbonate equivalents for new readers) will likely grow ~15K MT this year and continue to grow at an increasing rate which ultimately means a new 20K MT plant will be needed about once a year over the next few years. Growth from 2020 to 2025 will be at a much faster pace. My demand estimates are lower than the estimates of many others such as Goldman Sachs. The “bottom line” is that absent a complete collapse of demand growth – the world NEEDS Argentina to at least achieve brine production parity with its neighbor to the west (Chile, to those of you who may be geographically challenged).
Even if investment begins this year on new projects in Argentina, product is unlikely to enter the market in a significant way until the end of the decade which means spodumene from Australia will play an increasing role in global supply over the next few years. Galaxy’s Mt Cattlin mine has restarted and Neometal’s Mt Marion project will also start-up this year. Neometal’s capacity will initially go to only one company – Ganfeng. After their next expansion, Ganfeng will need almost 300K MT of spodumene to run their carbonate and hydroxide plants and will be a major force in keeping supply and demand in balance until new brine resources enter the market.
Developments in Australia will also play a key role in the future of at least one Argentina property. Since Neometal’s production is initially committed to Ganfeng, Galaxy is the only uncommitted new supply of spodumene going to China until another resource (such as Pilbara) comes online later in the decade. I do not expect the Talison JV’s output to increase significantly in the next couple of years which means that Galaxy is in an enviable position to supply converters in China who currently cannot operate at capacity due to a shortage of raw material that has driven carbonate and hydroxide pricing in China up 3X since the end of Q3 2015. Unlike other junior companies, Galaxy is again a “real lithium company” (i.e. one with production) who will be able to sell their entire output for the foreseeable future and likely at a premium to the spodumene market price in China.
I took the digression through the Australia situation to make it clear that Galaxy is no longer the debt ridden mess they were just a short time ago but are now in a position to access capital markets on their own to develop Sal de Vida. Expect Galaxy, driven by cash flow from spodumene sales beginning in Q3, to be profitable sooner than their fellow ASX listed company, Orocobre. Once Galaxy develops Sal de Vida they will become the next lithium major. Yes, that is a prediction.
Galaxy has the best new brine project on the planet in Sal de Vida located on Salar del Hombre Muerto. This is the same salar that FMC has been producing great quality product on for almost 20 years. While it is unfortunate that FMC’s corporate leadership has recently shown no vision for the lithium business and has no plans to expand (or attempt another expansion) in Argentina, the “other side” of Hombre Muerto is likely be producing for Galaxy by the end of the decade.
Enjoyed being back in Salta and at Hombre Muerto last week.
Lithium Americas (LAC) another recently troubled junior has taken a different path to make development of their Cauchari - Olaroz lithium project in Argentina a reality. LAC’s recently announced JV with SQM for 50% of their Minera Exar subsidiary is a huge step forward. SQM has the financial ability, lithium core competence and motivation (given their contentious relationship Chile’s CORFO) to make the Cauchari – Olaroz project a reality. Whether SQM ultimately takes over LAC is a financial detail from my perspective. The important point is that now this project has a clear potential path forward.
The scenario where current producers FMC and Orocobre along with the new projects from Galaxy and SQM/LAC make Argentina the largest lithium producer on the planet by 2021 (even assuming Albemarle builds a third carbonate plant on the Atacama) is no longer a brine based "Field of Dreams” scenario. The Atacama will continue to have the lowest cost production but that is really a footnote in this story. The cost structure in Argentina is much closer to the Atacama cost than to the cost of hard rock production in China which accounts for over 40% of current global output. The high cost in China provides a "price umbrella" that ensures that the Argentina projects will be profitable if they successfully execute.
Yes, there are other lithium projects in Argentina. Enirgi, Eramet, Lithium X, International Lithium, POSCO and others are active in the country. I am not commenting in detail on those projects at this point. In a Goldman Sachs like demand scenario there will be more room for the next tier of projects. I am bullish on lithium demand and bullish on the potential in Argentina. From my perspective Galaxy and SQM/LAC are currently the best positioned to bring significant new capacity online in the fastest time frame.
In a meeting with the national minister of mining it was made very clear that Argentina is “all in” on developing the lithium industry. The previous government seemed to work hard to stymie development. It refreshing to see a supportive environment for resource projects in the country.
My trip last week was the first visit to Argentina in four years. It was by far the longest time I have been out of the country since I first visited in 1993. Normally I made the trek at least twice a year until 2012. I plan to follow the Argentina lithium story closely and look forward to spending more time there for lithium, beef and Malbec.
Kitty litter and potash depleted lithium mine a few really rich people.
Lithium Americas is under valued with there clay business deal that alone is worth more than what the stock trades at. Great place for a High Risk long return for the Investor that has the stones it takes to wait based on life experience. Like a real a state mogul who buys something must would overlook. Than banks a killing when the true value is revealed.
David Deak
http://www.avoidthebag.com/2016/05/david-deak-lacs-new-cto-working-at-tesla.html
David Deak answered my tweet, here's what he said: David Deak ?@DavidDeak 1h1 hour ago @AvoidTheBag Excited to join LAC as my sole employer. Left Tesla on good terms. https://twitter.com/DavidDeak/with_replies
Wall street Journal must like the Picture that we used on this Message Board its in the news paper. Tesla Shakes Up Market for Lithium, Other Metals. http://www.wsj.com/articles/how-lithium-defied-the-global-commodities-rout-1462450790
And Bud the post that I put up was just to point out the large Lithium demand.I was not even looking at if it was related to Lacdf just that the number of demand in the market.
BTG stock looks good for this Gold spike.
B2Gold Corp (BTG) About to break out BIG Gains
B2Gold Corp (BTG) Big upside.