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I was just entertaining the thought of long term possibilities with this stock and was wondering if anyone on here could name a subpenny stock that has actually went on to levels of .30 to a $1.00. Just wanted to check out the chart of a miracle stock if there is any out there.
Not bad for 10 grand.
I'm just a college student looking to pay off some student loans. Figured I'd try paying off my student loans with student loan money. Glad I took the risk so far. Did my homework on this one and everything comes down to those land deals. If they go though there would be no reason to let go of this one. The international economics are there to push this thing long term.
If Liebs gets the land deals I'm hanging on to this baby for the next 5 years. I'll ride the ups and downs. With all the long term implications of lithium MMTE is gold. The whole world is going green!
Chilean Mining Minister Laurence Golborne is looking into incentives to attract investors and businesses interested in lithium, a rare mineral relatively abundant in Chile.
Currently, Chile has the world’s largest lithium mining industry, exporting roughly US$300 million a year. Golborne is looking to increase that tenfold to US$3 billion in the next few decades. Chile has one of the world’s largest and most easily accessible lithium reserves, found in the brines underneath the Atacama Salt Flat in northern Chile.
Can Chile Stay Ahead In The Lithium Market?
Written by Charlotte Mountford
Friday, 03 December 2010 06:20
As lithium becomes an increasingly important global commodity, questions are being raised regarding how
Chile can sustain a top position in the market.
Chile’s lithium reserves are some of the largest in the world and at the moment the country has one of the
most developed lithium-mining industries.
Yet many more countries, including Argentina, Bolivia, and parts of western United States and Canada, are
aggressively exploring their own lithium reserves, looking into ways to mine the up-and-coming mineral.
Staying ahead will be a political decision for Chile, according to Chilean columnist Jorge Insunza, who
argues in a recent El Mostrador column that “the debate [on lithium] should be practical, not ideological.”
In the 1970s and ‘80s, lithium was not viewed as a trading commodity but “strategic” military tool that
needed to be horded for national use.
Today, although the large-scale nuclear arms race is long over and Chile’s own Chemical & Mining
Company of Chile Inc. is the world’s largest lithium producer, lithium is still considered by law a
“strategic” product, not to be much exploited, in Chile.
“There is sense repeating the lithium model of the ‘80s. We need a new consensus to rationalize Chile's
geopolitical position in this emerging market,” Insunza says.
Because of its “strategic” status, Chile’s state-owned companies, like the national copper company,
Codelco, are not currently developing the young Chilean lithium industry as they successfully did with
copper.
Instead, private companies in Chile such as SQM and SCL Chemetall together represent between 40 and 60
percent of the world’s lithium production. These companies pay royalties and taxes to Chile, but ultimately
are the ones who benefit, and not Chile as a nation—as Chile does from Codelco.
“The problem comes from the political and military approach back in the ‘70s,” a Codelco executive
speaking to the Santiago Times confirmed. “Now the discussion is wider, not limited to these subjects but
much more focused on the development of the country.
“There will be no major developments with lithium until there has been an amendment to the law that
classifies it as strategic element.” He added, “There will, I’m sure, be a lot of debate on this issue.”
Iain Scarr, the vice president of development for Canadian-owned Lithium One, told The Santiago Times
“One reason we went to Argentina for lithium, and not Chile, is because there are no restrictions there on
external companies in regards to lithium--unlike Chile which considers it strategic.”
Used widely in batteries, cellphones, computers, and cameras, lithium’s potential is only beginning to be
understood. Current worldwide production of lithium is 90,000 tons per year and is expected to rise to
191,000 tons in 2015.
Lithium’s impact on the hybrid and electric car industry is plainly going to be huge: while a laptop
computer may use an ounce of lithium in its battery, an electric car’s battery uses 25 to 40 pounds.
Nissan claim that 10 million electric cars will be sold per year by 2016. Many car manufacturers are already
trying to secure reliable sources of lithium carbonate.
Lithium will also play a major role in the development of nuclear fusion energy, if this ever becomes
possible. The first center for experimental nuclear fusion in France, ITER, hopes to be fully functional by
2017. The hope then is that fusion will grow to be a dominant source of energy by the end of the century,
with lithium at its core. The project's members are China, the European Union, India, Japan, Korea, Russia
and the United States.
A separate concern has been raised in Chile because so far the focus has been only on extracting and then
exporting the mineral, rather than using it to fuel industry within Chile.
“Codelco must be transformed into a global mining company not just for copper, but for aggressively
developing lithium projects in Chile,” Insunza writes.
Bolivian President Evo Morales has declared that his country won’t export its immense deposits of lithium
but rather the finished batteries that will use the mineral to power the world’s cars and trucks.
U.S. President Barack Obama wants those batteries to be built in his country. In a speech given in the
summer of 2009, he declared: “Switching Middle Eastern oil for foreign batteries is not an option.”
In July 2010, Obama opened a Holland, Mich., factory that will manufacture high-grade lithium-ion
batteries for cars and trucks. The U.S. is currently home to only one lithium producer: Chemetall Foote.
Obama gave the company a US$28.4 million grant in 2010, aiming to double the mine’s production of
lithium.
Many believe Chile should follow suit and better use its good luck in having lithium. Insunza explains, “At
this stage there are projects on a scale in which Chile can participate: like Brazil, Chile should express
ambition to be part of the ITER nuclear fusion project. The country’s natural lithium reserves should allow
it to consider this investment among other initiatives.”
Didn't they say they have contracts in the Midwest? According to this video the Midwest is the least developed in broadband. If JUNP already has a presence established in the Midwest, there is a very good chance they will be developing more projects there if the Obama adminstration keeps pushing broadband infrastructure development.
http://money.cnn.com/video/news/2011/02/10/n_global_broadband.cnnmoney/
You guys are gonna need solid contracts to really lift this thing off, or, a pr a day to bring the pay. IMO your best pr is gonna be in two weeks when they announce their website is operational and the product is available for purchase.
Solar charger on Apple website
http://store.apple.com/us/product/H2599ZM/A?mco=MTY3ODQ5OTY
Good night and Good Luck tomorrow. Let the transfer of wealth begin...
Is Apple licensed the same thing as Apple Certified? http://news.softpedia.com/news/A-Solar-Delivers-Two-New-Solar-Chargers-to-iPhone-Owners-164013.shtml
I'm just saying they better have one hell of a marketing crew to bring in the revenue that you all are anticipating. Apple is in bed with alot of small companies such as Sunrise.
So easy a caveman can do it!
http://developer.apple.com/softwarelicensing/agreements/mfi.html
Here's your logo that they're talking about.
http://www.google.com/images?q=made+for+iphone&hl=en&prmd=ivnsu&wrapid=tlif129712301673510&um=1&ie=UTF-8&source=og&sa=N&tab=vi&biw=917&bih=539
I can guarantee you that this product will not have the Apple logo on it.
I don't think apple is going to start letting other companies use their intangible assets. I thought it said, "Made for iPod and Made for iPhone" with the use of the word prestigious.
Corporate Finance 101 - Corporations issue stocks to finance themselves. Any form of news is pumping finances.
Anyone google the number of solar chargers that are already out there for Apple accessories...alot of competitors. These guys better get some contracts.
http://www.google.com/#hl=en&ds=pr&sugexp=ldymls&xhr=t&q=iphone+solar+chargers&cp=4&pf=p&sclient=psy&biw=917&bih=524&tbs=shop:1&aq=0l&aqi=&aql=&oq=ipho+solar+chargers&pbx=1&fp=eb853e43e0bfd68f
If you ever have taken a Corporate Finance class a company will usually dilute its shares before it grows. Seeing how they are in a strategic growth industry of the government this would be a perfect time to issue more shares to expand.
The President is calling for a new effort to ensure that the U.S. has the fastest, most reliable ways to move people, goods, and information – from roads and airports to high-speed rail and high-speed Internet. He is proposing efforts to repair and rebuild America’s infrastructure and put forward a National Wireless Initiative to help business extend the next generation of wireless coverage to 98 percent of the population.
If this company is real and is profitable I see a bright future for it within the next 2 years. You guys did watch the State of the Union Address? "The stimulus act set aside $7.2 billion for expansion of broadband access, believing it will spur economic growth, boost educational opportunities and create jobs"
Every industry that I've seen getting stimulus money seems to being doing well. It's only a matter of time before these guys get a piece of it.
http://www.wral.com/news/national_world/national/story/9025498/
All I can say is if he is running other corporations and plans to have a lasting career as being the CEO of up and coming companies, it would be in his best interests not to make false statements. I'm in it to the end, but, if this man plans on having a future he needs to start being more up front.
I'm in this till the end my DD says otherwise too; just do a little research on the Chilean Congress and what they're working towards within the mining industry over this past summer.
Houston, we are ready for lift off.
Nice article; I read that article of TRU saying lithium supply to exceed demand too. This is a great comeback to that article. With the world's emerging economies it's hard to project any forecast. One just has to look at the international markets and their governments investments.
MMTE!!!
Must've had a big lunch.
Here's some bathroom material for ya'll to read and think about...
http://lithiuminvestingnews.com/1790/lithium-industry-keenly-awaiting-potential-chile-regulation-change/
http://www.businessweek.com/news/2010-04-30/chile-plans-to-open-up-lithium-mining-minister-says-update3-.html
http://www.resourceinvestor.com/News/2010/8/Pages/Obama-Backing-US-Lithium-Developers-.aspx
http://trugroup.com/Lithium-Market-Conference.html#View_the_TRU_Conference_Presentation_here_
Judging from the first two articles and Lieberman's statements I believe Chile is in the process, if not, already has unnationalized their markets. The third article sheds light into the current administration's push toward the developement of lithium technologies and their federal mandate to increase the prevalence of EV's. The last link provides an interesting projection on the supply and demand of lithium in coming years. In my opinion, MMTE is worth the gamble.