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.
Total intends to acquire all outstanding shares of Saft for 950 million euros, or about US$1.1 billion.
On Monday, French oil and gas producer Total (NYSE:TOT) announced that it had signed an agreement to acquire Saft (EPA:SAFT), a leading lithium-ion battery maker, for 950 million euros (US$1.1 billion).
Saft’s supervisory board has unanimously approved the friendly takeover and is recommending that shareholders tender their shares. The deal represents a 38.3 percent premium above Saft’s May 6 closing price, valuing the company at nine times its 2015 reported EBITDA.
“The combination of Saft and Total will enable Saft to become the Group’s spearhead in electricity storage,” said Total Chairman and CEO, Patrick Pouyanné, in a statement. “It will notably allow us to complement our portfolio with electricity storage solutions, a key component of the future growth of renewable energy.”
Among other things, Saft makes nickel and primary lithium-ion batteries, used in transportation, civil and military electronics markets, and industrial infrastructure and processes.
The future in energy..........
Total intends to acquire all outstanding shares of Saft for 950 million euros, or about US$1.1 billion.
On Monday, French oil and gas producer Total (NYSE:TOT) announced that it had signed an agreement to acquire Saft (EPA:SAFT), a leading lithium-ion battery maker, for 950 million euros (US$1.1 billion).
Saft’s supervisory board has unanimously approved the friendly takeover and is recommending that shareholders tender their shares. The deal represents a 38.3 percent premium above Saft’s May 6 closing price, valuing the company at nine times its 2015 reported EBITDA.
“The combination of Saft and Total will enable Saft to become the Group’s spearhead in electricity storage,” said Total Chairman and CEO, Patrick Pouyanné, in a statement. “It will notably allow us to complement our portfolio with electricity storage solutions, a key component of the future growth of renewable energy.”
Among other things, Saft makes nickel and primary lithium-ion batteries, used in transportation, civil and military electronics markets, and industrial infrastructure and processes.
when someone makes an asinine comment like this it needs to be rebuked. It borders on stupid generalities that add nothing to the conversation about the Chinese lithium markets.
"Be careful not to put too much reliance on "China is talking about". That country is even more dishonest than the good old USA when it comes to reporting and "talking about".
This is the kind of 'intellectual arbitration' that will help any of us make money? Tell you what you can have him...I'm not wasting my time.
and your point being? That the air in China may get better through inaction by the Chinese government...or they may be lying about more emphasis on EVs and clean energy? WTF are you talking about?
Your the perfect example of the people that come out of left field with commentary that has no basis in anything except trying to look like you know something.
"Look out...China might be lying about everything..like the US.."
give me a f**king break....don't riddle facts with your diarrhea laden commentary
tom...whatever man...if you want to live in a doubt filled investment bubble and never take a risk that's your prerogative. Your interpretation is not really that accurate. There is a difference between a 'bowl' shape and a 'cup' in charting. Maybe you have gotten so absorbed in technical charting you have lost the basic premise of the chart picture. Charting is part science and part art. You seem to have taken the scientific aspect of it to the extreme. Frankly I don't understand your last post rambling about things that happened 5 years ago ...penny stocks...etc.
"I dont know what will happen in the next several weeks or months. I dont want to be looking to load up on any stocks these days as the market is swooning ready to collapse"
I think you may be out of your depth on this one. Best wishes on finding a perfect setup that extends to your chart requirements. By the time you find a technical setup that suits you....the stock will have already made it's most dramatic stage three move. Easy to find charts that have already been through the first 4 Elliot Waves..not so much finding the ones that are starting the third wave (that's where the money is made). I gave you and everyone here Galaxy Resources at about .08 if I remember correctly. It has since run to .40 and you are still trying to make a determination. Good Luck.
Thanks for the link...but it it has an advertising block on it. I read it when it came out...so it really isn't a new bit of news. If you are going to post something you should try to post the unblocked version. All of these publications try to make you sign up to read the story...but if you source out the link you can post it without restrictions. Just a tip
Orocobre up .10 today....Lithium Americas up .0004...MMSDF up .02
Up .10 today....but still no one coming to the board here. Imagine what will happen when the public figures this one out!
The reason the volume is low is because it is trading on a Canadian Exchange and people are just not used to buying on the TSX-V or the ASX. Eventually people will catch on. A fair evaluation? That depends on how you value 'tangibles vs. intangibles'.
Let's put it this way "I do all the research, mathmattical formulations, and agonizing upfront before I buy anything. I don't trade stocks...I hold them until they appear to have reached some kind of 'topping zone'. Look at the 10 year monthly chart on this company and you will get an idea of how I view things.
The chart says potential $3.50 per share...:) Now between .05 and $3.50 is your target for whatever and however you assess your needs and risks. If I explained every detail of how I go about picking these companies I would be giving away about 50 years worth of knowledge I have accumulated :)
I have purchased these stocks in the past few years:
Orocobre (OROCF) in 2014-2015 average of $1.60 per share
Galaxy Resources (GALXF) 2015 average of .06 per share
MacArthur Minerals (MMSDF) 2016 average .05 per share
Eden Resources (EDEYF) 2016 average of .17 per share
There are a couple that I bought and sold like DJIFF because the situation on their books became uglier and uglier to me...but I did make money. Primarily my focus this past 5 years has been on lithium mining and processing.
Share price is back to where it was before the Ft. MacMurray fire that took a swipe at the TSX.
Up .04 today ....that's about $20,000 upswing today on my 500,000 shares. :)
Tom....look at the 'MONTHLY' chart for this over the past ten years and tell me what kind of 'chart formation' you see....forget for a moment the minutiae of the charting..ok. If you can do that and take a broader view you might begin to see what I am looking at. I see a 'bowl' being formed on the longer term chart with a target of close to $1 before a major pullback. The company is currently selling for about .30 on the OTC. When we talk in a year you will be saying " I should have just bought it" :)
And no I did not own the company in 2011...I only became interested when I found out about their plan to sell the Jiangsu facility and clear up their debt. At that point I started buying last year in the .04 range. I do 'fundamental/charting' which is a combination of the two obviously. You will never understand the process if you continue to concentrate on just CHARTING.
If you want to see the next 'Galaxy' setting up right now in the same fundamental chart formation look at Macarthur Minerals (MMSDF). I bought quite a bit of this at .05 just like I did in Galaxy (500,000 shares)and brought it to this board a few weeks ago. It currently is selling for .11
Thanks for the kudos...I spend a lot of time researching and burrowing for information.
Next step for this one is to finish their assay reports and submit to Chinese buyers for potential off take agreement. I would expect this one to quietly move into the teens and follow in a similar path as Galaxy Resources. If you are in this one for less then .10 just hang on man....we are looking at 'giant potential' in this one.
The outstanding shares on this are less than 100,000,000 ...which is exceptionally low for this type of company.
As you can see from the posts on this message board (that I set up by the way) :) that there are not a whole lot of people aware of this company...that will change.
tom234 if you have a chance take a look at the 10 year (monthly chart) on Galaxy and I think you'll see where I'm coming from on the charting. I should have said something sooner...but I just realized you were probably looking at the daily charts.
thanks man...nice to know someone knows how to read between the lines. I think I must have inherited that Will Rodgers gene that wants to make sure people don't take themselves to seriously...even if they do run a message board...:)
don't quite understand your meaning...but I do understand that property I bought in San Francisco 30 years ago is worth more now.
However in mining and minerals...technology and science tend to change the schematic. Maybe lithium is not the main source of power storage in 20 years...then what do you have?
Interesting article about the Chinese lithium markets...
Mt Cattlin’s already secured orders from China: In March Galaxy and General struck a deal to sell 60,000 tons to two Chinese lithium converters for USD36 million. They’ll sell a further 120,000 tons to the same buyers next year at a price that depends on the market. That former price pegs Mt Cattlin’s lithium concentrate at about USD600 a ton, but Tse thinks there’s wiggle room for that to move higher. A quick chemistry lesson: Before lithium concentrate can be used in applications like lithium-ion batteries, it needs to be converted to lithium carbonate. One ton of lithium carbonate requires about eight tons of lithium concentrate. Right now converters sell lithium carbonate at about USD13,000 a ton, which means there’s some big margins emerging from that process. “A lot of the margin is going to the converters,” Tse admits. “But we didn’t want to be too aggressive [on price] in the first year of ramp up” in the event of any production hiccups.
Galaxy Resources could also benefit from being one of the newer sources of supply. As Canaccord Genuity analyst Reg Spencer points out, Mt Cattlin is one of only two new sources of hard rock lithium coming online in the next couple of years. Galaxy’s Tse argues lithium miners have dawdled in ramping up production to meet demand, leading him to forecast the lithium carbonate market will be undersupplied for at least the next five years. His arithmetic suggests demand will rise by 20,000 tons annually from its current 160,000 tons a year. “I can count all of the projects on one hand” that are coming online in that time, Tse says. These include Rockwood Lithium’s La Negra brine project in Chile, as well as Orocobre’s ( ORE. AU ) Salar de Olaroz mine in Argentina, where production is being ramped up. “Even if all of these come online and they hit the capacity in the timeline they say they will, we’re still looking at a 30% to 40% supply gap for five years,” Tse reckons, adding that prices of up to USD20,000 a ton for lithium carbonate “are the new normal.”
Tse points to sales of electric vehicles, particularly in China, as driving the run-up in prices. Choking air pollution has led China to give top billing to the environment when it comes to policy-making. The country wants to get 20% of its energy requirements from non-fossil fuels by 2030. Last year, around 380,000 electric vehicles were sold in China, many of these buses for public transportation. China plans to have five million electric vehicles on the road by 2020, while India is targeting six million. Meanwhile, Tesla Motors’ ( TSLA ) new Model 3 sedan – prices start at $35,000 – is accelerating the company’s moves to drive widespread adoption of electric cars. Tesla’s gigafactory plans to produce 500,000 lithium-ion batteries a year.
Galaxy’s other major going concern is its Sal de Vida lithium brine project in Argentina, located in South America’s so called ‘lithium triangle', where other lithium producers such as SQM and Lithium Americas have teamed up to build a processing plant on the salars. Tse wants the project to begin production in late 2018 or 2019. First though, Galaxy will draw up a new economic feasibility study this year. Tse expects capital costs to have fallen significantly because of the weaker Argentine peso and removal of some levies by the country’s new pro-business leader.
GALAXY RESOURCES:
Mt Cattlin’s already secured orders from China: In March Galaxy and General struck a deal to sell 60,000 tons to two Chinese lithium converters for USD36 million. They’ll sell a further 120,000 tons to the same buyers next year at a price that depends on the market. That former price pegs Mt Cattlin’s lithium concentrate at about USD600 a ton, but Tse thinks there’s wiggle room for that to move higher. A quick chemistry lesson: Before lithium concentrate can be used in applications like lithium-ion batteries, it needs to be converted to lithium carbonate. One ton of lithium carbonate requires about eight tons of lithium concentrate. Right now converters sell lithium carbonate at about USD13,000 a ton, which means there’s some big margins emerging from that process. “A lot of the margin is going to the converters,” Tse admits. “But we didn’t want to be too aggressive [on price] in the first year of ramp up” in the event of any production hiccups.
Galaxy Resources could also benefit from being one of the newer sources of supply. As Canaccord Genuity analyst Reg Spencer points out, Mt Cattlin is one of only two new sources of hard rock lithium coming online in the next couple of years. Galaxy’s Tse argues lithium miners have dawdled in ramping up production to meet demand, leading him to forecast the lithium carbonate market will be undersupplied for at least the next five years. His arithmetic suggests demand will rise by 20,000 tons annually from its current 160,000 tons a year. “I can count all of the projects on one hand” that are coming online in that time, Tse says. These include Rockwood Lithium’s La Negra brine project in Chile, as well as Orocobre’s ( ORE. AU ) Salar de Olaroz mine in Argentina, where production is being ramped up. “Even if all of these come online and they hit the capacity in the timeline they say they will, we’re still looking at a 30% to 40% supply gap for five years,” Tse reckons, adding that prices of up to USD20,000 a ton for lithium carbonate “are the new normal.”
Tse points to sales of electric vehicles, particularly in China, as driving the run-up in prices. Choking air pollution has led China to give top billing to the environment when it comes to policy-making. The country wants to get 20% of its energy requirements from non-fossil fuels by 2030. Last year, around 380,000 electric vehicles were sold in China, many of these buses for public transportation. China plans to have five million electric vehicles on the road by 2020, while India is targeting six million. Meanwhile, Tesla Motors’ ( TSLA ) new Model 3 sedan – prices start at $35,000 – is accelerating the company’s moves to drive widespread adoption of electric cars. Tesla’s gigafactory plans to produce 500,000 lithium-ion batteries a year.
Galaxy’s other major going concern is its Sal de Vida lithium brine project in Argentina, located in South America’s so called ‘lithium triangle.’ Tse wants the project to begin production in late 2018 or 2019. First though, Galaxy will draw up a new economic feasibility study this year. Tse expects capital costs to have fallen significantly because of the weaker Argentine peso and removal of some levies by the country’s new pro-business leader. Sal de Vida will be financed 60%-70% by debt and the rest equity, which could involve selling down a 20% to 30% stake in the project. Galaxy says Sal de Vida’s production capacity could reach 25,000 tons of lithium carbonate and generate $215 million in revenue annually.
Longer-term is Galaxy’s James Bay hard rock exploration project in Canada. Tse the company will look at doing economic feasibility studies later in the year. The idea is to do a “copy-and-paste” of Mt Cattlin, which may include selling down equity in the project. “It depends on the number,” Tse says.
Interesting article about the Chinese lithium markets...
Mt Cattlin’s already secured orders from China: In March Galaxy and General struck a deal to sell 60,000 tons to two Chinese lithium converters for USD36 million. They’ll sell a further 120,000 tons to the same buyers next year at a price that depends on the market. That former price pegs Mt Cattlin’s lithium concentrate at about USD600 a ton, but Tse thinks there’s wiggle room for that to move higher. A quick chemistry lesson: Before lithium concentrate can be used in applications like lithium-ion batteries, it needs to be converted to lithium carbonate. One ton of lithium carbonate requires about eight tons of lithium concentrate. Right now converters sell lithium carbonate at about USD13,000 a ton, which means there’s some big margins emerging from that process. “A lot of the margin is going to the converters,” Tse admits. “But we didn’t want to be too aggressive [on price] in the first year of ramp up” in the event of any production hiccups.
Galaxy Resources could also benefit from being one of the newer sources of supply. As Canaccord Genuity analyst Reg Spencer points out, Mt Cattlin is one of only two new sources of hard rock lithium coming online in the next couple of years. Galaxy’s Tse argues lithium miners have dawdled in ramping up production to meet demand, leading him to forecast the lithium carbonate market will be undersupplied for at least the next five years. His arithmetic suggests demand will rise by 20,000 tons annually from its current 160,000 tons a year. “I can count all of the projects on one hand” that are coming online in that time, Tse says. These include Rockwood Lithium’s La Negra brine project in Chile, as well as Orocobre’s ( ORE. AU ) Salar de Olaroz mine in Argentina, where production is being ramped up. “Even if all of these come online and they hit the capacity in the timeline they say they will, we’re still looking at a 30% to 40% supply gap for five years,” Tse reckons, adding that prices of up to USD20,000 a ton for lithium carbonate “are the new normal.”
Tse points to sales of electric vehicles, particularly in China, as driving the run-up in prices. Choking air pollution has led China to give top billing to the environment when it comes to policy-making. The country wants to get 20% of its energy requirements from non-fossil fuels by 2030. Last year, around 380,000 electric vehicles were sold in China, many of these buses for public transportation. China plans to have five million electric vehicles on the road by 2020, while India is targeting six million. Meanwhile, Tesla Motors’ ( TSLA ) new Model 3 sedan – prices start at $35,000 – is accelerating the company’s moves to drive widespread adoption of electric cars. Tesla’s gigafactory plans to produce 500,000 lithium-ion batteries a year.
Galaxy’s other major going concern is its Sal de Vida lithium brine project in Argentina, located in South America’s so called ‘lithium triangle', where other lithium producers such as SQM and Lithium Americas have teamed up to build a processing plant on the salars. Tse wants the project to begin production in late 2018 or 2019. First though, Galaxy will draw up a new economic feasibility study this year. Tse expects capital costs to have fallen significantly because of the weaker Argentine peso and removal of some levies by the country’s new pro-business leader.
stinky...there are so many new claims being filed in Nevada right now....that you can't keep track. Remember getting a new lithium processing plant up to speed is about a 3 year project and costs in the neighborhood of $300,000,000 to build. Trust me when I say this...the only company that will produce any lithium out of the Silver Peak area in the next 3 years will be FMC...period. Even if they sign a supply agreement with Tesla as Pure Energy did...
Elon Musk went so far as to invest about $20,000,000 into Western Lithium through Orion Mining Investments in 2012 and as it turned out...they went out of business basically and were taken over by Lithium Americas...which signed a desperation agreement with SQM in Argentina to try to recover some of his money.
These companies will release publicity releases for the next two years and never produce a pound of lithium:
TSXV:NEV....DJIFF....HMGLF....LACDF....etc..
Hopefully this doesn't offend anyone's sensitive sensibilities...China is talking about a 10 fold increase in electric vehicles in the next 4 years...anyone have an idea of what that means in terms of 'lithium' demand. Look for lithium prices to increase from close to $5,000 a ton last year to $20,000 per ton in 2018 given current supply metrics. Taken to it's simplest conclusion that would make Galaxy worth roughly $2.00 by 2018...and Orocobre worth about $10.00 per share in 2018.
I know it's not 'fast money'...but I'll take the slow grow..
GALAXY RESOURCES:
Mt Cattlin’s already secured orders from China: In March Galaxy and General struck a deal to sell 60,000 tons to two Chinese lithium converters for USD36 million. They’ll sell a further 120,000 tons to the same buyers next year at a price that depends on the market. That former price pegs Mt Cattlin’s lithium concentrate at about USD600 a ton, but Tse thinks there’s wiggle room for that to move higher. A quick chemistry lesson: Before lithium concentrate can be used in applications like lithium-ion batteries, it needs to be converted to lithium carbonate. One ton of lithium carbonate requires about eight tons of lithium concentrate. Right now converters sell lithium carbonate at about USD13,000 a ton, which means there’s some big margins emerging from that process. “A lot of the margin is going to the converters,” Tse admits. “But we didn’t want to be too aggressive [on price] in the first year of ramp up” in the event of any production hiccups.
Galaxy Resources could also benefit from being one of the newer sources of supply. As Canaccord Genuity analyst Reg Spencer points out, Mt Cattlin is one of only two new sources of hard rock lithium coming online in the next couple of years. Galaxy’s Tse argues lithium miners have dawdled in ramping up production to meet demand, leading him to forecast the lithium carbonate market will be undersupplied for at least the next five years. His arithmetic suggests demand will rise by 20,000 tons annually from its current 160,000 tons a year. “I can count all of the projects on one hand” that are coming online in that time, Tse says. These include Rockwood Lithium’s La Negra brine project in Chile, as well as Orocobre’s ( ORE. AU ) Salar de Olaroz mine in Argentina, where production is being ramped up. “Even if all of these come online and they hit the capacity in the timeline they say they will, we’re still looking at a 30% to 40% supply gap for five years,” Tse reckons, adding that prices of up to USD20,000 a ton for lithium carbonate “are the new normal.”
Tse points to sales of electric vehicles, particularly in China, as driving the run-up in prices. Choking air pollution has led China to give top billing to the environment when it comes to policy-making. The country wants to get 20% of its energy requirements from non-fossil fuels by 2030. Last year, around 380,000 electric vehicles were sold in China, many of these buses for public transportation. China plans to have five million electric vehicles on the road by 2020, while India is targeting six million. Meanwhile, Tesla Motors’ ( TSLA ) new Model 3 sedan – prices start at $35,000 – is accelerating the company’s moves to drive widespread adoption of electric cars. Tesla’s gigafactory plans to produce 500,000 lithium-ion batteries a year.
Galaxy’s other major going concern is its Sal de Vida lithium brine project in Argentina, located in South America’s so called ‘lithium triangle.’ Tse wants the project to begin production in late 2018 or 2019. First though, Galaxy will draw up a new economic feasibility study this year. Tse expects capital costs to have fallen significantly because of the weaker Argentine peso and removal of some levies by the country’s new pro-business leader. Sal de Vida will be financed 60%-70% by debt and the rest equity, which could involve selling down a 20% to 30% stake in the project. Galaxy says Sal de Vida’s production capacity could reach 25,000 tons of lithium carbonate and generate $215 million in revenue annually.
Longer-term is Galaxy’s James Bay hard rock exploration project in Canada. Tse the company will look at doing economic feasibility studies later in the year. The idea is to do a “copy-and-paste” of Mt Cattlin, which may include selling down equity in the project. “It depends on the number,” Tse says.
Connect with
can't really comment on Nemaska honestly. If they actually build out this lithium hydroxide processing plant in Canada they will be a major force in another year. My problem with a lot of these Canadian mining and processing companies is...unless you go to the site and actually 'look' at what they are doing...it's nearly impossible to tell. I used to do that years ago. I flew to Canada a dozen times to look at prospective investments...and I am glad I did because a lot of them were a lot of hot air.
For example....I had a friend of mine who married a Chilean girl make a trip to Jujuy Argentina two summers ago when he was in Chile to visit his inlaws....and take pictures of Orocobre's mining setup and talk to the mining officials in Jujuy (he speaks fluent Spanish) to find out what these guys were 'actually' doing there ...rather than rely on third hand information. He spoke to the union representatives and went to the bars and talked it up with the workers. In fact he was so in depth the CEO of Orocobre asked me "who I worked for" when he found out the guy was a friend of mine...lol. I even had satellite photos taken of the processing plant 6 months ago to get a sense for the progress they have made over the past couple of years on the plant.
So in that sense...I don't know enough about Nemaska to comment intelligently on whether to hold. In this environment with lithium over the next few years...even the scam companies like Lithium Americas will probably prosper.
well cork I will give you credit for 'dealing' with the outlaws that don't subscribe to board etiquette....
let me say something that hopefully rings clear for the critical church ladies in the crowd. The only reason these message boards exist is because of people 'such as myself' that take the time to organize ideas and post them after doing some reading and research.
I don't mean 'me' as in 'me'...but the person who is not satisfied with plagiarized posts and recycled bs from a third party source that has a motive for either bashing or pumping a sector or stock.
Since the beginning at this board I made myself quite clear that I was spending a lot of time on lithium investments when the only conversation here was predictably 'gold and silver'. I didn't care. As a matter of fact I learned some interesting angles on mining and precious metals here.
What I didn't learn from...were the constantly copied and recycled crap from the Jim Willies and other asinine fatalists that probably worked for metal exchanges...and were trying to get people to 'buy' gold and silver. The raw truth of the matter is fact is more important than theory....and unfortunately on this entire forum of 'Investors Hub' there is this 'style over substance' argument that prevails in a lot of these forums. When I was growing up we agreed not to swear in front of our grandmothers and parents....and the kids. After that all bets were off. You better step up with some facts or some physical play in the sports analogy or you were going to get mother f**k*d and spit on until you figured it out. I grew up in the South and lived in NYC and Europe for a while so I learned language and manners with the best of them. But when it comes to dishing it out, I can hold my own. I HAVE NEVER sought the quarter and shelter of 'rules and regulations' to protect my fragile ego from the barbarian hoards (which I guess I'm part of).
If you want people to act accordingly we should start with having some balls put back into the language and conversation here without all the prima donna posing about how someone said something. I actually thought that the 'petro cave' line was pretty damn good writing. It got a response from from xyz ....lmao
You guys should have been in the military or done something with your lives that maybe put you at risk and you wouldn't be trying to rein in free spirits around here like the world is going to change by what gets said on this board.
Good example of the pisser award is that punk BillyJet that moderates the LACDF (scam board). Every time anyone makes a point...unless it is done in Emily Post fashion it gets deleted.
I mean that is really pathetic....but does anyone call him on it...nope. So if I seem a bit caustic with the moderation on this website...it's because I know there are companies paying to have their boards moderated the way they like, and people that don't subscribe to the board etiquette and payola are singled out like myself. Funny how smart people don't give a shit how you deliver the information as long as it's accurate. ciao
Cork...I don't get your condescending attitude. This guy posted something from some other board...that he obviously hadn't vetted for truth or for accuracy...and when he's called on it he turns into a whining punk. Please don't make me look like the person who started some kind of ruckus. What I did was point out that the guy (or) didn't know what the f k he was talking about. If you want to perpetuate that kind of misinformation and pretend like it's ok..fine. Just don't try to make excuses for me.. calling him out.
I'm a big boy and can relate to the facts as well as anyone.
From a geologic perspective you don't seem that connected to the world of 'supply and demand'. Other than the physics of lithium there is a 'real world' demand for lithium carbonate and lithium hydroxide. If you want to show your ignorance of real life circumstances through your supposed mastery of the science...go for it. I'll be the one that is holding the lithium stocks and the science you relegated to dismissal....you are kidding right?
Do you even have a clue about the amount of lithium it is going to take to support the gigafactory and the Chinese demand over the next few years....and do you really have any idea how long it takes to create a lithium processing facility?
The companies I am talking about are up and running...or they have mineral claims that are already being mined. You sound like some nerd from the Chevron trying to discredit lithium....go back to your petro cave and spin on it pal. I'll be going to the bank when Chevron is starting to lose market share.
Barron's story on Galaxy...and gives Orocobre a mention.
http://www.barrons.com/articles/why-this-lithium-stock-is-up-240-this-year-1462501255
Nope...still have all my shares in Galaxy. I could have sold and taken a profit and bought back in...then paid 30% capital gains. It's not worth it for me to sell. I'm in this l o n g t e r m
this a story just released by Barrons about Galaxy...and mentions Orocobre.
http://www.barrons.com/articles/why-this-lithium-stock-is-up-240-this-year-1462501255
no doubt people got a little carried away...but the fact remains that Galaxy has the mining capacity at Mt. Cattlin to expand exponentially. They made a deal with General Mining who is investing in the site operations and they are getting orders faster than they can fill them from China. You have to remember that Galaxy had a big interest in Jiangsu Lithium plant which they sold to concentrate on mining. They have built in connections in China and they are using them....this thing will be a big story in another year.
while you're charting tom...look at these two if you have time. My new adopted children :) MMSDF.....EDEYF....
I know the common wisdom about these things...but if you don't find them in the embryonic stage you can't buy them right...so I chart and study the fundamentals and determine when and how much.
MMSDF my average is about .05 lithium property adjacent to Galaxy
EDEYF my average is about .20 nano technology for concrete (no need for steel in roadbeds)
Both will break out this year and people will say wow...!
Ok ...you might want to read this article just released in Australia
http://www.proactiveinvestors.com.au/companies/news/68469/general-mining-corporation-ltd-and-partner-continue-mt-cattlin-ramp-up-68469.html
It's up a couple of cents on the ASX today...
I believe in 'fundamentals' and 'charting'...might sound oblique to someone like you that spends a great deal of time on technicals...but you sometimes get the future from the charts..and sometimes from fundamentals.
So ...seems like everyone is excited here over something. Has Lithium Americas already started producing lithium?
OK...selloff is over. All survivors on deck. The Ft. McMurray fire was responsible for a huge selloff on the TSX this week which is the exchange for a lot of these Australian mining companies.
If there is a 'bubble' tom ...it's 5 years away...or more. Don't believe what these guys are saying. The lithium world is just getting started. Look at the fire in Ft. McMurray, Canada this week. The oil sands are burning......like the soil is on fire. That's just another reminder about the state of things.
Announcement from Galaxy and General Mining (their partner) just in.
http://www.proactiveinvestors.com.au/companies/news/68469/general-mining-corporation-ltd-and-partner-continue-mt-cattlin-ramp-up-68469.html
GOOD NEWS...ramp up of production..
this stock has been jerked around this week along with several others which I believe is in part due to the Ft. McMurray fire in Canada. A lot of investors in Canada were selling to raise money or deal with the fire. It seemingly burnt a whole town to the ground. Even though it hasn't been big news here....it has been on the Canadian news channels non stop.
tell you what tom123 ...you keep waiting on Galaxy. Their partner just announced ramp up from 60,000 tons for delivery to 800,000 tons of spodumene (lithium embedded)and is calculating 1.6 million in 2017....so don't wait until every crackpot has given their 2cents worth because it will be over .50 soon.
this has quietly doubled since my buy....let's keep our eyes peeled :)
well...this baby is starting to setup for a spring loaded runup. Tonight...in Australia it is running about .30 AUS. translated about .22 our time. Stay tuned on this one... ;0)