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As I was saying before I goofed up on my keyboard ...
* LAC (along with Albemarle) are mentioned in article as potentially benefitting from the Trump administration's desire to reduce U.S. reliance on foreign Li, by way of (in addition to weakening environmental regulations "in the name of streamlining leasing and permitting processes as to expedite exploration, production, processing, reprocessing, recycling and domestic refining, providing govt. "incentives to companies operating in the country to develop new and as-clean-as-possible technologies that are more efficient than what's now available for extracting lithium from brine, hard rock or clay, with brine and clay likely being the best bets;"
Now wouldn't a federal shot in the arm to LAC's Nevada operation be just lovely?
See Motley Fool article from 3/9/18
LAC Longgggg!!!
POTUS Could Boost LAC With Executive Order No. 13817
* Designed to encourage domestic production of critical minerals in order to reduce U.S. reliance on foreign sources, which "creates a strategic vulnerability" for both our "economy and military to adverse foreign government action, natural disaster, and other events that can disrupt supply of these key minerals," including Li;
* U.S., which once controlled Li mining industry produced only 3% of the world Li supply in 2015;
*LAC (along with Albemarle
Not only in Morgan Stanley self-contradictory, but it's wrong on both points - there will be no Li oversupply and Tesla will be just fine, particularly as its energy storage business gains traction. Thanks for your posts - very informative
I couldn't agree more Doc! Li battery demand is just getting started, but you can see the entire sector picking up again after that highly suspicious, and absurd, Morgan Stanley downgrade, erroneously contending that Li supply will soon outstrip demand.
Just check out today's WSJ article, "Electric Cars Get Makeover," on page B4. Here are a few excerpts:
* Ford recently announced that it is spending $11 billion to develop more compelling battery-powered vehicles, a rising financial commitment underscoring a "willingness among big car companies to experiment with the types of sexy electric cars that give Tesla Inc. its appeal;"
* Ford's push is part of "more than $70 billion in planned investments into electric vehicles and batteries that global car companies have announced since the beginning of 2017;"
* "Jaguar is expected to offer an electric SUV via U.S. dealerships, to be followed by new battery-powered offerings from brands as diverse as Audi, Porsche, Volvo and Toyota;"
* "Deliveries of pure electric and plug-in hybrid vehicles are on pace to top 200,000 for the first time" and (here's my favorite part) that represents only 1% of the market, but since 2011 EV sales are up 1,070% compared to sales of all vehicles, which are only up 35%. Imagine the demand for Li as that trend continues and EV sales get up to 30%, 50%, and eventually 80 - 90% of the market!! Li supply outstripping demand?? I think not;
* Jim Farley, Ford's global markets chief, says: "We will be converting our most traditional, most iconic vehicles to all-electric," adding that he even sees a potential market for pickup trucks like the F-150 fully powered by batteries. The choice at dealerships for electric vehicles, now paltry, are "going to explode" he said;
* Among Ford's planned vehicles is a high-performance electric SUV coming to showrooms in 2020 called the Mach 1, a name the company once used on its powerful Mustang sports cars;
* Ford's new strategy comes as "battery costs are falling, promising to cut prices of electric vehicles, which are typically thousands of dollars more expensive than comparable gas powered models. Stricter regulations in markets such as California and China are mandating electric vehicles;"
* the U.K., France and India have also all weighed banning internal-combustion engines for environmental reasons;
* Volkswagen has committed $40 billion to electric vehicles through 2022, including a battery-powered version of its iconic microbus called the Buzz;
* Mercedes-Benz parent Daimler AG plans to invest as much as $12 billion in electrified vehicles; and
* GM plans 20 new battery and fuel-cell electric vehicles by 2023.
Charts?!?! We don't need no stinkin' charts!!! Oversupply of Li!?!? Hah! As if!!
All anyone has to do is stay the course on this incredible Li battery disruptive technology. Easy pickings IMHO.
LAC longggggg!!!
*
Bill, with respect to both you and VK, I concur regarding charts. While I think they can be one of many useful tools for larger companies, which are generating substantial income over a sufficient time period, that is simply not what LAC is -- YET. Like you, I did my DD, got in early, and have been playing with "house money" for long time. My continued DD tells me that, IMHO LAC is progressing nicely and will continue to richly reward those who stay the course, particularly as the EV market gains traction over the next 3-4 years (please see my next posting for more on this). The additional, and significant, LI demand generated by ever increasing market demand in power storage, consumer electronics, lawn tools, power tools, etc., etc., the list is endless -- the other day I read an amazing article about a massive container ship, which is currently sailing the trade routes and is fully powered by LI batteries -- is all gravy.
With a nascent company like LAC, the only charts that are relevant at this juncture would be those showing the company's progress from its Western Lithium days, which are positive indeed. Short term charts of the type that have been posted for some time here, reflect nothing meaningful for the simple reason that this is not a short term play -- it never was. LAC is a long term investment, not a quick trade - big difference.
This is an excerpt from the same October, 2017 Update on Lithium Nevada:
Anticipated Work Program and Timeline:
•Q4 2017 / Q1 2018 - complete 2017 Exploration Program.
•Q1 2018 - finalize process testing.
•Q1 2018 - advance additional baseline environmental surveys.
•Q2 2018 - complete PFS, including updated resource and reserve estimates.
•H2 2018 - initiate major mine plan permitting.
•H2 2018 - commence detailed engineering.
Lithium Americas' Board of Directors have approved a budget of US$10.5 million to fund the Lithium Nevada Project through to 2018. In addition, the Company is examining future strategic partnership/financing alternatives to collaborate and develop the Lithium Nevada Project.
So, from my read and IMHO, news -- likely very good news -- is coming soon from the Nevada desert.
And, by the way, Dr. David Deak, President of Li Nevada and CTO of LAC has ties not only with Tesla, but also cut his teeth at Siemens.
LAC go longgggg!!!
The whole lithium sector is back on track today EXCEPT the Big 3, ALB, SQM, and FMC, but that's fine by me is they want to take turns and come on strong tomorrow. Nice 1 - 2 punch! Great to see LAC with a strong day!!
That was a heckuva wild ride for an uptick Bill! But I'm not complaining; just tightening my seat belt a titch more.
GM is up big this morning and preparing to lead EV charge!
Auto 2.0 race is becoming General Motors’ to lose
6 February 2018 By Antony Currie
Cost cuts and SUV and truck sales are boosting earnings. CEO Mary Barra has also pulled out of troubled markets. That leaves the automaker well positioned to lead mass production of electric and self-driving vehicles – as long as Barra can leave behind its accident-prone past.
An optimistic (and I hope accurate) article on the future.
Excellent reading to brighten another subpar day for LAC:
https://www.marketwatch.com/story/how-lithium-and-cobalt-are-getting-a-boost-from-tesla-apple-batteries-2018-01-29?siteid=yhoof2&yptr=yahoo
Stay the course and ye shall reap the rewards! LAC longggg!!
I read that Motley Fool article when it first came out, but it was good to refresh on some of the salient points, especially during this rough patch on LAC PPS. Thanks for posting VK. Maybe it's just me, but reading between the lines says that the movement in PPS in 2018 is likely to come, in large part, from the results of the prefeasibility study in Nevada (LAC's 100% owned gargantuan lithium ore/clay deposit) and possibly from a Tesla hookup there. Here's hoping, but even if not, the long term future should look very promising to new investors and even more so for those of us who remember those sketchy Western Lithium early days, when, unlike now, everyone was asking - "but how will they ever finance the South America project?." Keep the Faith and Go LAC Longggggg!!!!
You do paint quite the picture with words Doc! Lol! But I concur whole heartedly. Just picked up another 1,000 shares! BTFD!!
I read it and thanks for posting it. Information is always good to collect, but that article seems more a rambling rant from a frustrated Tesla shorter than anything making an objective point. I don't own Tesla anymore, but managed to get out with a nice profit. Still, I sure wouldn't bet against a genius visionary like Elon Musk. I hoping his vision includes an Li deal with SQM and, hopefully, LAC in Nevada one day.
Right on Doc!
I own them all and some others; playing with house money on every one, too. Li longgggggg!!!
It's certainly more than plausible.
As for the news helping the PPS, it was apparently too attenuated; the direct Tesla/SQM negotiations didn't even help SQM's PPS today. But, down the road a bit, it surely will. David Deak, former Tesla honcho, is now a highly placed representative of LAC, which, in turn, is SQM's JV partner. There are just too many coincidences here and I don't believe in coincidences. Time will tell, but my strong feeling is that what is good for SQM vis-à-vis Tesla, is certainly going to pour over and benefit LAC. Keep the faith all.
The Tesla/SQM negotiations are very good news on a tough Monday in the market! It's obviously a small step from Tesla/SQM to Tesla/LAC! Thanks for sharing Volle.
Go green Baby!! Millions of new electric vehicles!!
Excerpts from today's WSJ (with just a tad of editorial license)
California Eyes More Zero-Emission Vehicles
California will aim to put five million zero-emission vehicles on its roads by 2030 under an executive order signed Friday by Democratic (nobody's perfect) Gov. Jerry Brown.
New policy is a considerable expansion of Cal.'s efforts to reduce carbon emissi0onms produced by vehicles and will likely result in millions of new electric vehicles on the roads.
"Zero emissions, the sooner the better," Mr. Brown said during his speech. "To meet our ambitious goals, we will need five million zero-emission vehicles on the road by 2030. Think of all the jobs that will create and how much cleaner our air will be."
The executive order makes the goal a stated policy and directs agencies to work with the private sector to accomplish it. Because of the size of California's market, its transportation regulations have a large impact on national policy and auto makers.
Current federal rules require auto makers to cut emissions enough so vehicles average more then 50 miles a gallon by 2025. That requirement is a contributing factor to companies now investing billions of dollars in developing electric vehicles .
California already has about 350,000 zero-emission vehicles on its roads, including electric cars.
Mr. Brown signed an order in 2012 calling for 1.5 million zero-emission vehicles on California roads by 2025. The Friday order proposes an eight-year $2.5 billion initiative that will include vehicle rebates, as well as building 250,000 vehicle-charging stations and 200 hydrogen fueling stations by 2025. The widespread availability of such stations has been a stumbling block.
Now, what was all that foolishness about Li supply exceeding demand again??? Go LAC longggggg!!!
Classic stuff and now playing on Amazon(some very early and apparently lost episodes). And it certainly applicable to LAC -- Pow! Zoom! Right to the moon!! Here's hoping ...
Just picked up another 1,000 shares myself.
Ralphie Boy!!! One of these days Norton! One of these days ... Pow! Zoom! Right to the Moon!!
I think you're referring to a "Buy Stop Order."
Leg, do you have any backup regarding your opinion on the Tesla deal? I've always felt that, sooner or later, it is inevitable. In fact, that was a big factor in my originally buying into Western Lithium at 70 cents a share (I later kept buying/trading when it was in the 20 cent range). If the technology is there to make it financially feasible to extract lithium from LAC's huge clay deposits, it seems like a no brainer for Elon to take advantage of the world's 5th largest lithium supply located virtually on his doorstep. God knows, given Tesla's ramping up of production, and huge backorder situation, he's going to need all the Li he can get. Why not bring the whole operation in-house and take over the production end in Nevada? That would make Tesla unique amongst all EV manufacturers and integration of that nature should lead to significant cost savings. Please feel free to forward this post on to Elon (I don't have his personal email).
Your best friend isn't a bus driver by any chance, is he?
Interesting preliminary move towards raising capital, if needed, to move forward in Argentina and Nevada (Gotta love LAC's 100% ownership of the Nevada asset).
http://markets.businessinsider.com/news/stocks/Lithium-Americas-Announces-Filing-of-Canadian-Base-Shelf-Prospectus-and-U-S-Shelf-Registration-Statement-1013223822
A lot of positive posting today, which is great to see. IMHO we just crossed a few bumps on the road to multi-baggerville and can settle in a bit now and look forward to next week's NYSE listing. I'm feeling pretty good about picking up another thousand shares of LAC at a 14% discount yesterday and congrats to everyone else who also did the BTFD thang! Go LAC longggggggg!!!!
And they say young Americans aren't into the stock market ...
Awesome tune! I'll be humming it all day now. BTFD!!! LAC Long!!!
Sometimes, you just have to take a deep breath (and maybe a shot of Jack) and buy on the big dips. I did.
Given the significant drop in PPS so far today, I can only conclude that the forecast delay in production until 2020 (previously forecast for 2019) trumped the January 25th NYSE anticipated listing news. I took advantage of the dip to pick up more shares at a 10% discount, but am definitely starting to fell maxed out on this stock and looking forward to a big uptick later this month. Sometimes, it's not easy to be long on LAC. Any thoughts on the matter out there?
Doubling Down!
Excerpts from page B6 of today's WSJ Business & Finance section:
Ford Motors Doubles Down On Electric-Vehicle Push
A top Ford Motor Co. executive said the company will now spend $11 billion on electrified vehicles through 2022, increasing its previous estimates as it races to catch up on battery-powered cars.
The Dearborn Mich. auto maker previously committed $4.5 billion in spending on electrified products by 2020 and said in October it would divert an additional $500 million from conventional products - including gasoline-powered products -- over a 5 year span. The $11 billion commitment comes at a time when gasoline or diesel engines powered nearly all of the 90 million vehicles sold globally in 2017.
Ford's estimate was delivered during a news conference at the Detroit auto show, which opens this week. Jim Farley, Ford's head of global markets, said he company aims to make its electric vehicles more attractive to every day buyers than it had in the past.
Mr. Farley said Ford would offer a "very wide range" of electric vehicles in Europe and the U.S., including an electric sports car scheduled to arrive in 2020. "We want to make a statement about the company, that we're electrifying our iconic vehicles."
Volkswagen AG, looking to recover following a diesel-emissions scandal in the U.S., has committed to spend $40 billion on electrified vehicles over the next five years.
I was thinking the same thing Bill, as $10.00 now is $2.00 PPS pre-reverse split and I can easily recall a lot of the less patient types bitching and moaning when the PPS had trouble getting past .70. Expectations are definitely running much higher these days. Go long LAC!
Lithium Americas - the DD Gift that keeps on giving!
What a week it's been for entire lithium and cobalt mining sectors! Nice way to start the New Year ...
LAC - the DD Gift that keeps on giving!!
I missed this article last month, but, for those of you that haven't read it already, it's germane to the amazingly increasing demand for lithium.
http://www.mining.com/bmw-throws-fuel-cobalt-price-fire-well-need-10x-much/
Go long LAC!
Maybe Morton Salt JC? J/K
I've been adding cobalt juniors (and some more established cobalt producers) too.
Nice charts Now. BTW, I'll take 4 all day every day!
Succinctly and accurately recounted. And to think that, when I first invested, my primary concern was - "Holy Moley! These guys have no revenue! Wonder if they're a pump and dump?" But they always had a good team and great potential to be a major player in a disruptive technology. Those 20 cent a share days sure seem a long way in the past now, but they really weren't. Looks like we're having a nice rebound today (so far, at least). Merry Christmas to all and go longgggggggggg!!!!
Oops. Meant to type, "does NOT SHARE with SQM or anyone else", not LAC. Multitasking and moving too fast.
The Nevada lithium deposit is massive and, yes, those reserves and the proximity to Tesla's gigafactory initially got my attention. Since then, there's obviously been a lot of water under the dam and the focus of the company has switched to the SQM JV and rightly so. But, once production gets going south of the border, and LAC becomes financially more viable (always the Achilles Heel, right from the get go), then the company can focus on that massive Nevada deposit, which is still close to the gigafactory and which LAC does NOT SHARE with LAC or anyone else. As for lithium extraction from clay being viable, I'm no expert on the state of the art/technology, but early on the company demonstrated an extraction method in a facility in Germany. If lithium prices per ton keep rising, and demand continues to outstrip supply at the rates forecasted, then I'm willing to be that a financially viable way will be found to monetize that big old chunk of lithium bearing clay in Nevada. And then the game should really get interesting for all those still sitting at the table. I'll be there. Hope others here will be too.
Oh Man! I gotta get me one of those!!!