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Yep. B.O.R.I.N.G. way to do this. No thanks!
There is buying and selling of the stock, this is true. The 57 ask gets hit, it moves to 58, the 58's get it, it goes to 59, the 57 bid gets hit, it goes to 57. Whatever - I could care less about intraday stuff like that. More interesting to me is that bigger buyers are accumulating at these levels. Less interesting to me is vollying posts with you.
Once again, not true.
14M+ on the bid.
Good article -
Europe is aggressively moving to establish a lithium-ion battery (LIB) industry. Despite the chasm separating European companies from the leading industry incumbents, there are strong grounds for European players to establish themselves in the sector. To be successful, however, they must consider five strategic levers – and act now.
A global shift away from fossil fuels is leading to a boom in lithium-ion battery applications, ranging from electric vehicles to energy storage systems. The market is projected to have a value of €250 billion in Europe by 2025. To secure local value creation and jobs, there is now a concerted push to achieve European sovereignty in LIBs, including the European Battery Alliance to promote manufacturing, and research and innovation initiatives like “Horizon 2020” and “Battery 2030+”. The institutions involved have announced multi-million euro grants to foster LIB ventures, secure resources, and build mega-factories.
However, European firms face a challenging industry environment, with significant barriers. The landscape for lithium-ion battery manufacturing is dominated by Asian players, which account for 89 percent of global manufacturing capacity. In contrast, European firms hold a paltry 3 percent share. The Asian giants are entering Europe to meet local demand. In addition to competing against their scale and cost advantages, new entrants must reckon with a fast-paced and dynamic landscape. The question is: Do European firms still have a chance to participate in a local LIB value chain, or is it already too late?
WHY EUROPEAN PLAYERS SHOULD ACT
The rapid evolution of LIB technology and industry also offers opportunities. There are four strategic reasons why a second chance for European LIB players and equipment manufacturers is beginning to emerge.
Firstly, European manufacturers not only have access to funding, but also can benefit from favorable economics. In comparison to Asian imports, local production offers about ten percent cost savings from shorter logistics to end customers. Moreover, recent investments in developing local raw material resources like lithium and nickel help cut costs.
Combining these factors with elements such as the factory-of-the-future and digitalization can provide an additional ten percent in savings. Secondly, the growing pace of automotive electrification represents a source of unmet LIB capacity demand. For example, electric-vehicle adoption rate forecasts are being revised upwards, with more than 300 models expected to be launched by 2025. Automakers have been scrambling to secure LIBs. This offers an opportunity for firms that can meet quality, performance, and sustainability requirements. It should be noted that it can take up to five years from a greenfield LIB plant to full operational capacity. It is critical for firms to align their production ramp-up with electric vehicle (EV) sales in this period.
An evolving application space offers a third reason. LIB technologies are not monolithic. Cost considerations and product requirements dictate their suitability for each application. For example, nickel-cobalt-manganese and lithium-iron phosphate cathode chemistries are respectively preferred in electric cars and buses. The same applies to future applications such as robotics, aerospace, medical devices, and industrial applications, representing a blue ocean for firms to provide tailored offerings. Engineering a shift away from standardized mass-produced LIBs to customized batteries offers Europe’s firms an opportunity to stand out from the crowd – a strategy that has proven successful by European players in other industries.
Concurrently, coexistence of LIB technologies in the foreseeable future ensures that investments will continue to generate returns – even in case of future fuel-cell-powered transportation solutions.
Finally, entering the space allows firms to prepare for the future LIB landscape. New entrants will naturally start as laggards, trailing the incumbents’ resources access, scale, and competence in today’s LIB technology. However, advanced LIBs are already under development to address the limitations of this generation. For example, solid-state batteries are expected to be commercialized in four to five years, with technologies like metal-air on the horizon. These require significant tacit knowledge in battery design, chemical and thermal properties, interaction processes, cell manufacturing, automation, and assembly. If Europe is to become a player in commercializing the technologies of the future, the experience gained in catching up to today’s LIB leaders is essential.
Exhibit 1: Strategic levers in battery manufacturing
Source: Oliver Wyman analysis
Setting up a greenfield battery plant can take up to 5 years
LEVERS TO ACT
The industry dynamics and technology development offer European firms the chance to secure future value creation. But in their pursuit, they must keep five important strategic levers in mind. (See Exhibit 1.)
Firstly, they must identify end applications and collaborate with customers to derive performance specifications and lower costs. Being customer oriented will help to develop and commercialize the LIB technology best suited to those requirements. It also ensures a dynamic view on demand, minimizing the risk of overinvestments and oversupply.
Secondly, they must proactively build ecosystems spanning the complex value chains. This allows firms to tailor R&D efforts and stay abreast of technology developments and breakthroughs. Orchestrating the ecosystem will enable them to commercialize the LIB solution quickly.
Thirdly, they must build their own in-house capabilities in LIB technologies. Successful LIB solutions not only require developing new active materials, but also need innovations in passive materials, solutions for battery and thermal management, process design, and equipment. To this end, they must invest in talent and equipment to build competence in design, development, and production.
The fourth lever is upstream partnerships to manage investments and costs. Firms must build strong relationships to ensure access to resources necessary for scaling production and controlling material costs. For this, they will need to cooperate with miners and processors to mitigate supply-chain risk.
Finally, they must leverage their European roots. Industrial firms in Europe have historically established and built brand value and industry relationships. They also have a track record of meeting tough sustainability standards, which is especially important given the environmental concerns that are driving vehicle electrification. Crucially, they have exposure to innovative production technologies and manufacturing process efficiencies, which offer a cost-savings potential second only to material optimization. European firms would strongly benefit by exploiting these advantages.
TIME TO ACT
The advantages of a localized LIB ecosystem are clear. Given the growing demand in Europe – and more electrification applications on the horizon – the absence of a local LIB industry will mean significant value migration and painful structural changes. While playing catch-up with the current industry leaders will be difficult, waiting will only widen the gap and make it that much harder for European firms. As demonstrated by Chinese LIB makers who capitalized on tailwinds to catch up with Japanese and Korean players, European firms with the right strategy have a chance to be become industry leaders in the future LIB landscape.
Battery Manufacturing In Europe
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Selfless heroes, always looking out for the other guy aren't they.
Nice long term uptrend over the course of the past year or so with IGEX - all on pending merger, acquisitions, etc. Here, take a look: https://schrts.co/MGNWQNhZ
And if the queen had balls she'd be the king.
Next.
Smart buy imo.
Nah, IGEX has been periodically bouncing off the ascending 50MA support on the weekly chart, looks okay to me: https://schrts.co/gjwqimyE
Edit: people usually think it's a good time to buy is when a stock bouncing off a key support.
Feel the same, I took a position here for the merger...which is clearly on the way.
Dangerous game, that... I used to do shit like that back in the day. Learned my lesson.
Nah, no dilution in IGEX. Don't think so? Just check out the chart: https://schrts.co/VvbYEEZF
Nah, chart doesn't show that: https://schrts.co/raDySQXi
That bogus gap up this morning was interesting.
Gotcha - and good for you. Hope I didn't come across as "countering" your post - it actually caused me to pay attn to L2 and I happened to see the 2.7m on the ask or whatever it was get bought up. Been seeing a lot of that at around this 006 level.
For example, there was just under 3m up for sale at .0062. In just a few minutes those were bought up. IGEX is still being accumulated - the A/D line is ascending.
I didn't see it, but someone is buying those...
Just a rumor at this point I think, merger hasn't been announced yet.
While you're examining the IGEX weekly chart I've linked to you a few times today, I thought you might find this write-up educational as well :)
Daily Charts vs. Weekly Charts: Which Are Better?
That answer depends on your trading strategy quite honestly. Day traders likely don't care too much about technical indications on weekly charts whereas longer-term investors probably aren't going to grow too concerned by looking at charts day-to-day. Having said that, I put a lot more weight on the weekly charts. That provides me the big picture that I base my shorter-term trading strategies off of.
***About the author: Tom Bowley is the Chief Market Strategist of EarningsBeats.com, a company providing a research and educational platform for both investment professionals and individual investors. Tom has contributed technical expertise here at StockCharts.com since 2006 and has a fundamental background in public accounting as well, blending a unique skill set to approach the U.S. stock market.
https://stockcharts.com/articles/tradingplaces/2019/10/daily-charts-vs-weekly-charts-646.html
And actually, the shareprice has only made its way down to the 50MA once, to bounce off it. Otherwise it's been holding pretty far above it. For over a year.
Here, have another look: https://schrts.co/vRsxdRPc
Well then it's a good thing the weekly chart shows an ascending 200MA line AND and ascending 50MA line, with the pps occassionally bouncing off the 50MA as support - which is what you want to see if you're a long...
Course, you knew that already. But here, take a look for yourself anyway, easy to see:
https://schrts.co/aWNFnMip
Some tweets just state the facts, actually:
$IGEX
most companies are diluting and are spilling red
0 dilution... @IGEX Official
No R/S
Merger and acquisition coming any day
Purchased land this week for acquisition
“Attractive industry participants”
Caren and Sergio
How much more do OTC investors want?
https://mobile.twitter.com/DMlnvestor/status/1489257100098244609
Nice try, but nope -this has been all retail.
Funny, it was a GS stock that got me back in the OTC after sitting out for years - had some down time and checked an old trading account where I still had some shares, one 'em had shot up from dz's to over a dollar. That got my attn. I don't really know GS beyond that play but have not been hearing good things.
My take: when retail gets spooked they panic sell, plus the automatically sell-on-news types - that's what happened with IGEX yesterday. Retail sold, stock dipped into 005's on high sell volume, bigger players and flippers bought it back up, now some of that being sold back today for a profit. Probably see similar price action the rest of the week, at least until IGEX lifts up their skirt a little more.
We're not arguing about anything. I'm simply informing you that not only are you wrong, but I don't even believe you think what you're saying is true.
Nor the $50k buyer yesterday. As they say, someone knows something's coming this way..
Yep, I can sense their frustration lol
LMAO - on the daily it's been trading in between the MA200 and 50 for a few months - that ain't what you'd call a downtrend. Well, maybe you would call it that lol
Oh oh - IGEX is green...you might want to get in for the next leg up, eh?
Wasn't looking at the play by play but looks like the 8.4m at .0067 got bought up.
Don't believe much of that, and nope, there's been no signs of dilution: https://stockcharts.com/h-sc/ui?s=IGEX&p=W&b=5&g=0&id=p72261947861
Gotcha - air shares or a heavy holder looking to scare some lower ..006's up IMO. We'll see.
And if what you saw was $99k on the ask, it's now down under $60K... getting bought up.
As you say, Top 5 :) https://investorshub.advfn.com/boards/most_post.aspx
There is no down trend, that's a lie.
https://schrts.co/cSiJuqMS
Nope, still no dilution: https://schrts.co/cSiJuqMS