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Selective reading disease is a terrible thing, Nowhat.
The following Lithium Nevada press release excerpt refutes your misunderstanding (you must have missed it):
"The Company has successfully completed process test work to validate a conceptual process flowsheet. The process employs low-risk commercially-proven acid leaching, purification and crystallization technologies to efficiently produce lithium products for the battery industry."
I would expect that a design patent is pending and would not expect any further trade secrets to be disclosed. Hence the term "conceptual process."
Beyond that, I guess we'll all just have to wait for the PFS to be released in order to get more information. I can wait.
GLTA and stay the course folks.
LAC longgggg!!!
It's no secret Nowhat; just takes some DD.
The following excerpt from a PR released on April 5th discusses Lithium Nevada's progress in the claystone extraction process, which is on track (PFS coming, as Jet has repeatedly reported):
Lithium Nevada is advancing a PFS, which is being prepared pursuant to NI 43-101, in order to demonstrate the economic potential of producing high-value lithium products from claystone. The Company has successfully completed process test work to validate a conceptual process flowsheet. The process employs low-risk commercially-proven acid leaching, purification and crystallization technologies to efficiently produce lithium products for the battery industry. Lithium Nevada is advancing the engineering design and costing work and is on track to provide the results of the PFS on schedule by the end Q2 2018.
Lithium Nevada Project Timeline
Q2 2018 – advance additional baseline environmental surveyQ2 2018 – release results of PFSH2 2018 – initiate major mine plan permittingH2 2018 – commence detailed engineering
Go LAC longggg!!!
LAC clay extraction process, maybe a game changer!
Faster/more efficient than brine evaporation method.
Cheaper than mining/crushing Li bearing rock (especially when all LAC has to do in Nevada is scoop it up, no mining or evaporation ponds required).
Best of both worlds and no one else in the world is doing it.
Beautiful.
Go LAC longggg!!!
Concur, Jet. Another nothing burger chart.
But what a great start for LAC, and generally across the lithium/cobalt stock spectrum, today!! Haven't seen everyone robustly gaining as a group in quite awhile. Here's hoping they all hold or, better yet, continue ascending.
Go LAC longgggg!!
I bet that even Herbie the Hamster ...
follows the Oracle of Omaha. Hilarious, Jet. Regards, G8tr
Jet, did the hamster have a name?
"Electric 'Hypercar' To Sell For Millions"
Excerpts from article in today's WSJ, page B3.
* Pininfarina SpA, designer of Ferraris, Cadillacs, Alfa Romeos, and Maseratis, now plans to build its own electric "hyper-car" that only a sliver of the world's population can afford (hopefully, including those wise enough to go long on LAC);
* The storied Italian design firm will put a multi-million dollar car on sale in 2020 as other brands - including Porsche and Aston Martin-- flock to the electric vehicle segment; and
* Pininfarina's new EV will carry a price tag of about $2.5 million with production limited to double-digit volumes.
Stay the course all and dream big!!
LAC longgggggg!!!
Totally agree Jet.
For those reasons and the reasons in my last post.
When LAC blasts off, God only knows how far it will soar!!
LAC longgg!!!
"Boom Spurs Lithium Rush In Europe"
Excerpts from today's WSJ, page A8.
* "Rocketing demand and prices for lithium, coupled with China's stranglehold on supply, are reviving interest in mining Europe's reserves of the coveted metal some call white petroleum;
* Prices for lithium used in the batteries that power anything from mobile phones to Teslas more than doubled to $21,000 per ton in the past two years;
* Analysts expect the lithium-ion battery market to surpass$90 billion by 2025 as electric vehicles become commonplace and growing use of wind and sun power forces utilities to invest in large electricity storage facilities;
* But while European businesses use25% of the world's lithium, a group of Chinese companies has secured a potential stranglehold on the Australia and South American mines that produce almost all of the world's battery grade metal. That has sent a small group of pioneers on a race to reopen European mines where the conditions that gave rise to such metals as tin have left lithium-rich rocks and hot brines:
* Chinese companies dominate global lithium supply. Last year, auto maker Great Wall Motor bought a $28 million stake in Pilbara Mineral, an Australia lithium mine and signed a contract for delivery of 150,000 tons of lithium-yielding spodumene from the company's mine in Western Australia;
* Chinese firm Tianqi Lithium has attracted regulator attention in Chile due to its $4 billion bid to buy a stake in SQM (LAC's partner), the world's second biggest lithium producer. Combined, the companies would control 70% of the world lithium market; and
* With Europe's car makers now set of mass-producing electric vehicles, the need for the continent to secure its own lithium reserves is gaining urgency. Using historic mines saves a huge amount of time and money compared to digging a new mine.
My take:
American EV manufacturers, including Tesla and GM, will also want to avoid a Chinese stranglehold and secure their own lithium reserves IN THE USA. And what better spot than LAC in Nevada, where no mine is needed because its shovel ready and its the third largest lithium deposit, of extremely high quality, in North America?
And if, as some so-called experts (Morgan Stanley) have prognosticated, there's a danger of supply exceeding demand in the Li market, why the mad rush to re-open new mines in Europe? IMHO, the answer is clear -- no one has a realistic handle on how high Li demand will go and how soon. The Chinese do not operate a market economy. It is based on government decrees. Imagine if the Chinese govt. decides (because of the severe pollution there) to up its mandate on all cars being EVs. And imagine if the Indian government does the same thing? As far as I know, there has been no calculation of Li demand based on those very possible events, but it would be an incredible percentage ramp-up from current demand, or even the demand currently being considered for 2020 and 2025. In my view, there simply is no way that anyone can accurately gauge the demand for Li through 2025, a mere 7 years from now.
Stay the course all; it's going to be a long and extremely profitable ride for those that do (of course, that's just my opinon; I could be wrong).
LAC longgggg!!!
P.S. BTW, on April 13th, Motley Fool reported that Citigroup analysts reported that it believes "the lithium market is doing just fine, that Albemarle [and other lithium producers] will do fine as well, and that [investors] should buy." According to Citi, "we do not see a collapse in contract Li carbonate or hydroxide prices as predicted by the bears."
GLTA!!
Three primary components to the Li Market:
Power storage batteries;
EV batteries; and
Batteries for consumer and professional electronics/gadgets.
To me, any one of the three could generate enough demand to make LAC a big success, but when you combine them all ... Holy Moley!! That's gonna take a whole lot of Li and "who you gonna call??"
LAC Longggggg!!!
Jet, I'm not bragging here, but my portfolio was up 60.02% last year, primarily because of LAC and other Li stocks, big companies, little ones, and some in between. There was a lot of DD behind that, for sure. No charts. So far this year, like the market in general, the Li sector is down and so is my portfolio, but only a fraction of what it was up. So, I went back to double check the DD and, lo and behold, the facts I've uncovered indicate (IMHO) that this is, most likely, a temporary lull, a mere bump in the investing road, before LAC and many other Li companies (and cobalt miners too) start seriously producing and making some real money for their patient shareholders. I don't need charts to see that or to BTFD (when it makes sense) and sell a little sometimes (when it makes sense), keeping the majority of my LAC shares (purchased with "house money" from earlier LAC profits) intact and patiently waiting for the big profit taking and the beach house that will come with it. Charts are a joke with a developmental stage company, which is not turning a profit yet, but, what the hey? As you so sagely state in your posts - "each to his own." Regards, G8tr
You "play the charts."
And while you're at it, put a C note on the red for me.
I prefer investing.
BTW, if that's supposed to be an LAC chart (as opposed to one of your JPM charts), then why not show LAC UP 6.55% over the last 5 days, UP 54.50 % over the past year, UP 104.81% over the past 3 years, and UP 601.33% over the past 5 years? Or doesn't that fit your short narrative?
I can't believe that, apparently, you haven't figured out that LAC does not turn a profit - yet - and profits are what the Street cares about and make consistent PPS gains possible. In order to do that, LAC has to produce and sell Li, an event which is coming soon. Until then, it is a developmental stage company, in a developmental stage sector, with a huge upside (based upon easily available DD, which for reasons unknown, you eschew). Simply put, this stock is, on a short term basis, volatile and high risk. However, on a long term basis, IMHO it's a gem and has already made a lot of us a lot of money, even without ever turning a profit. This scenario is obvious to most, and your charts aren't needed to show it. So, unless you can provide a chart with trading parameters for folks to trade in and out (if they so choose; I used to do that, but don't any longer because there are too many variables now), as the SP is moving up (which you have never done), then your charts are useless.
And btw, did you really suggest that people should sell at a loss in your recent post? Why would anyone want to do that - lock in a loss by selling when the SP is low - with this gem of a stock, having a 5 year profit history and what looks like an even brighter future (according to verifiable DD), showing that a stay-the- course strategy is much more likely to produce a nice nickel?
Here's another Warren Buffett quote that's right on point:
"Our stay-put behavior reflects our view that the stock market serves as a relocation center at which money is moved from the active to the patient."
GLTA! LAC Longggggg!!
Why are you giving us JPM charts? I thought we were a LAC room?
Nice post VK. IMHO storage batteries are going to play a huge role, relatively soon, in creating Li demand. Regards, G8tr
Warren Buffett's take on chart posters:
"The only value of stock forecasters is to make fortune-tellers look good."
Peter Lynch's take:
"I can't recall ever once having seen the name of a market timer on Forbes' annual list of the richest people in the world. If it were truly possible to predict corrections, you'd think somebody would have made billions by doing it."
Looks like you're in good company, Jet. Regards, G8tr
Jet, as we know from past experience, when LAC spikes it usually comes with little or no warning. IMHO anyone who shorts this stock is playing with fire. Regards, G8tr
Thanks Jet. That's a nice compliment. Always glad to post verifiable DD that folks may find useful. Regards, G8tr
2 Sigma made a "foolish" investment?
And Schwab's data is "ginched up" (your post #6003) (a term I've never heard, but assume you mean it as "unreliable")?
Did it ever occur to you that, in making a $50 Million investment in LAC's partner, SQM, 2 Sigma relied on DD and professional (reliable) charting? By the way, do you even own any LAC stock?
And did it ever occur to you that, if Schwab's data was "ginched up," it would be out of business pretty quick and facing SEC charges instead of being one of the top brokerage houses in the world?
Your charts and opinions are losing credibility fast dude. If you're going to promote a short agenda, then at least do it with some substance.
Nice post Saturn Five.
Now, if we can get 2 Sigma to whale up LAC too, look out! But one step at a time and I like the $50M investment in our JV partner.
Go LAC longgggg!!
I hear you, Jet. .645 PPS then.
And I recall buying the dip well down into the .20s along the way.
LAC has come quite far, it's made us both some nice coin, but the best is yet to come, IMHO, for those who play it cool and have some patience.
LAC longggg!!!
Nowhat, according to Schwab, your chart is wrong.
It shows LAC only up 32% April 4, 2017 to April 4, 2018.
Schwab has LAC up $2.17 USD, a gain of 63.82%, from April 10, 2017 through today.
Chart This!
According to Schwab, in the last 5 years, LAC is up 611.50% (and it's just warming up).
LAC longgggg!!
All Green All The Time!!
"Apple Goes All Green Everywhere"
Excerpts from today's WSJ (page B6)
* Achieving a decade long goal, Apple facilities worldwide are now fully reliant on renewable energy (solar);
* Apple is now shifting the company's sustainability efforts to its supply chain, where about 10% of suppliers have made a similar commitment;
* Apple's new HQ in Cupertino, CA., a spaceship-like structure features rooftop solar panels and is one of the largest on-site solar installations in the world;
* Apple is just one of many global corporations trying to cut energy consumption and shift to renewable power including wind and solar, both to cut costs and slow climate change;
* More than 100 companies worldwide, including Apple, IKEA, Anheuser-Busch In-Bev Sa and Starbucks Corp., pledged in 2014 to shift to 100% renewable energy. By the end of 2016, 25 had met the pledge, according to the collaborative, named RE100;
* Many of the RE100 companies are now accelerating efforts to persuade their suppliers to join them; and
* Apple "is not going to stop until [its] supply chain [including the makers of more than 200 million iPhones and 43 million iPads] is 100% renewable."
Now, where will all the lithium needed for the renewable power storage batteries come from?
LAC longgggggg!!!
Jet, either or both would be big events in the continuing evolution of LAC for sure, but I'd be hard pressed to try to quantify the results. That said, the momentum is there for the entire industry (see my next post) and it's building. I wouldn't be surprised to see $13-$15 PPS in 6 months. Of course, that's IMHO; I could be wrong, but it doesn't matter because, like you, I'm with LAC for the long haul. Regards. G8tr
Indeed Jet. And it won't surprise me a bit when it happens.
Go LAC longgggg!!!
Au contraire Nowhat.
According to Schwab, as of today (not the date of the article last week), LAC stock is UP approximately 60.59% for the last one year period, a valuation consistent with the article (which did not give the LAC stock valuation for just the approximately 3 month period expired so far this year, but for the last 12 month period).
BTW, as of today, LAC is also UP approximately 101.29% for the last 3 year period, a 33.76% average each year. I'll take that kind of return forever and smile all the way to the bank.
Before you jump on legitimate DD because it doesn't fit your consistently negative narrative regarding LAC, you'd be well served to check your facts and be more precise.
GLTA. LAC longggggg!!!!!
LAC is one of "5 Companies Taking The Lithium Industry By Storm."
Excerpts from April 4, 2018 Yahoo Finance Article:
* Other 4 companies include: Rio Tinto; Power Metals; General Motors; and AES Corp.
* LAC's work on extracting lithium from hectorite clay is gaining attention (the NV project);
* Clay deposits may not be as productive as brine or pegmatites, but as no one produces from them currently, LAC's push might become a technological breakthrough. LAC is aiming to extract lithium with the speed of the hard-rock process while remaining more affordable than traditional brine extraction;
* the Lithium Nevada project is progressing steadily, making use of its great connection to infrastructure and location (near Tesla Giga and just a couple of hundred klicks from California's tech clusters);
* Meanwhile, LAC keeps a diversified portfolio that includes the 3rd largest lithium brine deposit in the world -- Cauchari-Olaroz, which does not have the impurity level that the Bolivian Salar de Uyuni has and, by virtue of being located in Argentina Jujuy province, is not subject to the crippling Chilean royalty rate;
* Being the "largest shovel ready lithium brine project in the world," LAC is readying to extract 8.7 million tons of 666mg/L grade lithium;
* Besides Cauchari-Olaroz project, LAC holds 3 other projects in the Puna Plateau, extending from Chile to Argentina, where reportedly 80% of the world's brine resources are located; and
* LAC stock has rallied 87% in the past year and is expected to continue to rise, as demonstrated by the recent NYSE listing.
Kinda all makes your mouth water, doesn't it?
Go LAC longggggg!!!
*
Not only has the overall market been roiled since the second week of January, VK, but I think we also need to remember that lithium ion batteries, and the various technologies related to them (EVs, solar/electric power storage, consumer electronics which are getting more powerful and smaller, and others) are all relatively nascent and disruptive. Plus, the lithium (and cobalt) mining industries were caught off guard by the surging demand associated with lithium ion batteries. They're still playing catch-up with a lot of juniors just coming online (or soon coming online) to provide supply along with the big 3, Albemarle, SQM and FMC (the latter said to be spinning off its lithium mining production soon). So the lithium mining industry is undergoing what, in my view, is understandable consolidation, share price manipulation/volatility, and rumors, which make it a rough ride to the top sometimes. But if one looks at the overall market with at least a 5 year perspective (as opposed to short term charting), the upward pattern is consistent and impressive. IMHO, this scenario is like buying into the oil industry at the beginning of the 20th century. Disruptive technologies do just that - disrupt - usually positively but sometimes negatively in the short term. Patience is the watch word and the future looks bright to me. But, to steal a line from Dennis Miller, "that's just my opinion; I could be wrong." GLTA. Buckle up and stay the course folks. LAC longggggg!!!
Jet, we used to have another chart guy in here, but I can't remember his name, although I think he was a Mod. I don't recall that he ever posted actual charts, but he would frequently describe them with some really wild names, like "beware of hitting such and such level because then we'll have a 'Double Red Phoenix Rising' scenario on the chart." Or, he'd say something like "LAC is leaning very close to a 'Teacup And Saucer With Cream On The Side' chart." All of that stuff was very entertaining. What ever happened to him?
Beware the "Black Ninja At Sunrise" chart and Go LAC longgggg!!!
I note that it's an "advertorial" ... BUT ...
if it's factually accurate on the recent technological breakthrough, allowing a full 200 mile charge for an EV in just 6 minutes, well, then there's going to be a whole lot more EVs sold, and we're all going to be smiling a whole lot more, in the near future.
Nice post. Thanks.
Too true, Jet.
I still smile about some of the 20 cent a share buys that I was lucky enough to make back in the WLC days. Now I'm waiting for those shares to fetch $40 pps and more!
GO LAC longggg!!!
The anticipated demand for LI is growing exponentially.
Glad you enjoyed the post, Bill. There was a another article in Monday's WSJ that I didn't get a chance to post about, but the gist was that various states, like California and Conn. are now rejecting even natural gas to run their power stations because it isn't sustainable and are leaning towards solar with Li batteries stabilizing the grid. If that line of thought catches on, and there is no reason it shouldn't, then Katie bar the door on Li demand!
Go LAC longggg!!!
"Battery Life Powers Ahead Toward Sizable Gains"
(excerpts from yesterday's WSJ Business & Finance Section):
* Li battery capacity to store electricity will soon jump by double digit percentages, with the next wave of batteries, long in the pipeline, ready for commercialization;
* This will mean: phones with 10% to 30% more battery life, or with the same battery life bust faster and lighter;
* more cellular-connected wearables;
* (and this one I really like) makers of electric vehicles and home storage batteries will be able to knock thousands of dollars off their prices over the next five to ten years;
* the limit as to how far Li batteries can take us is predicted to be about twice their current capacity;
* the first commercial consumer devices to have higher capacity lithium-silicon batteries will likely be announced in the next two years, with a wearable expected to be first; and
* BMW plans to incorporate improved Li battery technology in a plug-in electric vehicle by 2023, expecting an increase of 10% to 15% battery-pack capacity in a single leap. While this is the same technology destined for mobile electronics, the higher volumes and higher safety demands of the auto industry mean slower implementation there.
Go LAC longgggg!!!
BTFD!!
I concur Kswies.
In fact, many of us here have already made substantial profits by trading within certain parameters since the Western Lithium days. LAC, and its predecessor, have been a very, very sweet deal, allowing realized gains of six figures and now holding a boatload of shares, all on house money (speaking for myself). IMHO, this ride is about to sky rocket and the pps will go up exponentially in 2020, or possibly the latter half of 2019. In the meantime, I'm just gonna BTFD and kick back, smiling all the way to the bank.
GLTA and LAC longggg!!!
Great posts and a great quote for sure, VK.
I like this one too, from the same article:
For wind plus battery storage, bids went up from 1.81 cents per kWh to 2.1 cents per kWh. Solar plus storage went from 2.95 cents per kWh to 3.6 cents per kWh. With costs that low, the question is, why wouldn’t you add battery storage to any future project?
Oh yeah, the rush is on!
How much fun is this, eh??
Go LAC longgggg!!!
And, as we all "chart" our course (see what I did there?) to a richly deserved increasingly prosperous future, we can take further comfort in today's WSJ article (page B3) - "VW Amps Up Electric-Car Plans"
Excerpts include:
* VW has vowed to overtake Tesla "with an extensive rollout of battery and hybrid models over the next five years as well as new production facilities around the world;"
* VW is the largest carmaker worldwide, with sales of 10.7 million vehicles last year, and has said it will "build at least 16 new electric-vehicle plants by 2025 in Europe, China and the U.S. The company expects nine of those plants to be in operation by 2020;"
* VW "aims to sell 3 million electric vehicles a year by 2025;"
* VW owns a dozen brands including VW, Audi, Porsche; Skoda, Bentley and Lamborghini" (how cool would an electric Lambo be?), and intends to "launch a new electric vehicle virtually every month starting in 2019" (as in NEXT YEAR!);
* VW Chief Executive, Matthias Muller commented: "This is how we intend to offer the largest fleet of electric vehicles in the world, across all brands and regions, in just a few years. The absolute numbers are still small, but that will change at the latest when the first models of the next e-generation comes to market;"
* VW "has already invested nearly half of the 50 billion Euros it has earmarked for batteries as it ramps up electric-vehicle output;"
* VW's "new electric-car plants will use standard underlying technology to create greater scale and cut costs;" and
* "Using this strategy, VW's brands are planning to launch 50 new electric models and 30 new hybrids by 2025 and to create electric versions of the company's entire range of more than 300 models by 2030."
Go LAC longgggg!!
Gotcha Bill. No problemo. The following is my LAC chart for today:
(Couldn't copy and paste a Schwab chart here and am too lazy to recreate, but we can all use our fertile imaginations, based on the information below -- Hint: the LAC chart line is quite dramatically in the direction of UP)
LAC:NYSE
As of Wednesday, 03/14/2018
.+3.25 (95.76%)
1year Time Series Chart: lowest price: 2.87 highest price: 10.95
Go LAC longgggg!!!
Depends on the charts, doesn't it?
Charts, tarot cards, tea leaves, Ouija boards -- whatever floats your boat buddy. GLTA