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Well tom here's your pullback in Galaxy....get it while it's hot :)
http://seekingalpha.com/article/3967654-goldman-calls-lithium-new-gasoline-titans-industry
This one will sneak up to .20 before anyone even catches a whiff...
I bought them on Ameritrade...not sure about your broker
well overlord read this about your favorite company SQM...
http://seekingalpha.com/article/3967654-goldman-calls-lithium-new-gasoline-titans-industry
http://seekingalpha.com/article/3967654-goldman-calls-lithium-new-gasoline-titans-industry
Interesting that they mentioned us in the article....:)
This whole little 'supposed' merger with LA is just a diversion for SQM to get a better deal with the Chilean government. Everyone in the business knows this. If you want to take your chances betting on the longshot to come in then LA is your play. I would prefer something a little more up and running so to speak.
I'm making up a list of all the wannabe lithium companies...the list is growing longer by the day. Seems there is a new entrant weekly....
that depends on how speculative your appetite is....there are the majors which will end up with a good percentage of the money in lithium through expansion and takeovers like Abermarle, SQM, FMC, Tianqui, and a few more....then there are the Juniors that are in the beginning stages of production i.e. Orocobre and Galaxy....and then the speculative ones...MMSDF, LACDF, Pilabra, the list is long. I just bought into MMSDF because they are sitting on prime property next to Mt. Caitlin in Australia.
You have to consider a couple of things in lithium....there is the hard rock (spodumene) processing which is primarily done in China. The hard rock is mined in Australia and shipped to China for processing, which currently for the most part comes from an area in Australia. Then there is the evaporation process used to separate lithium from the salt deposits primarily in Chile, Argentina, and Bolivia. Chile has not issued any new permits...and companies like SQM that have operations there are experiencing gov't issues....Bolivia has concluded with the current technology they cannot capitalize on their resources....so that leaves Argentina that is the primary source currently. Everyone is scrambling to open operations in Argentina....but it is a $250,000,000-$300,000,000 investment to set up a processing facility. Then there is the labor issues....so I don't see any of these new operators coming online before 2020 at the earliest....if they can raise the money and find the labor force to work at 3000 meters elevation.
I foresee about 90% of these mining companies going under...much like the gold and silver mining business.
Looks like we got an advance of close to .25 today. That's pretty good for a company that had so many production problems, supposedly?
Here's a good link to the booming lithium business. It shows Orocobre as the next MAJOR SUPPLIER....BOOM..BOOM...ROC...ROC 49ers
https://www.businessnews.com.au/article/Window-opens-for-lithium-hopefuls
This should give you a quick primer on Macarthur Minerals Ltd.
This is priced about where Galaxy Resources was back in November.
http://www.marketwired.com/press-release/macarthur-minerals-further-expands-acreage-for-hard-rock-lithium-tsx-venture-mms-2114455.htm
btw....here are my two researched picks for this year. MMSDF, EDEYF.
they may not look like gangbusters yet...but neither did OROCF and GALXF not to long ago. I'll be back to check in.
That's an interesting post King....I assume you are giving it a grade :)
I am in this one full bore....no one outside Australia (other than some workers and bureaucrats in Georgia) and of course myself know much about this company. Their nanotube technology for reinforcement of concrete in roadbeds without the use of steel will be a HUGE deal with the US infrastructure rebuild. Be patient and this one will make you some serious cash.
I am in at an average of .15 per share
Don't be late to the party here....like you were in Galaxy Resources
I am in this at an average price of .05 a share....mark my words !!
.50 by December.....
OROCOBRE...up .25 in today's trading...do I hear a rocket warming?
Interesting article in the Business News of Australia:
https://www.businessnews.com.au/article/Window-opens-for-lithium-hopefuls
Not worried about it reaching the .30 area for support. I think .35 is about the bottom here. Watch the ASX market tonight and you will see why the market in the stock here is not quite revealing. It will be approaching the .55 mark on the ASX pretty quickly.
Do I detect a chink in the armor ? Maybe this hallucinatory big deal with SQM has run its course at fantasy land and people are waking up to the fact that they have been bamboozled by a bunch of promotion experts.
You might want to read up on the Govt. of Chile report on the SQM franchise and what the government's intentions are on their operations. It lays out some changes in the percentage they will have to pay the government as well as some environmental remediation from their prior operations where they apparently tore up the land pretty good and don't want to repair. That could be part of the reason SQM is threatening to move to Argentina.....
Nice opportunity today to pick up some shares on this 'shakeout'. Galaxy will be in the .50's next week.
Well....up .25 today. Does anybody still think this company is having issues. Because of the idiots taking over the other board I moved on with information for the company here. Hopefully people will finally figure out where to go.
Here is an interesting article from the Business News in Australia.
https://www.businessnews.com.au/article/Window-opens-for-lithium-hopefuls
dirtwolf...one of the reasons is Galaxy has one of the largest spodumene deposits in Australia and have just inked an off take deal with Mitsubishi. All the market here is really doing is keeping up with the pricing on the ASX....since that is where it primarily trades. For example yesterday the ASX traded about 9.5 million shares in Galaxy and today the OTC traded closer to 500,000. If you want to watch 'tomorrows' market for Galaxy in the US....Google Galaxy Resources and follow the 'google financial' link it will give you current trading in Australia (delay of 20 min.). I live in California so I tune into the ASX when it opens around 4:30 pm (PDT)
If your interested how this went from .02 to .35 the past 6 months read some of my earlier posts :)
well for those who found me here at Orocobre's real chat room ...welcome. The OROCF room is nothing but a joke now that Billy and his sidekick Loverlord have taken over as moderators. They are trying their best to screw up any meaningful news from the company.
If you look at the board they have listed it as a 'Boric Acid' company. That should give you an indication of their intent.
Does anyone know what this latest quarterly report looks like? I heard that Orocobre is doing like 3000 tons a quarter now. Could someone find the release on that and post it....something like $7500 a ton or something.
Well...up .07 on the ASX today. Looks like there is some serious interest in this one. Should be trading in the .25 range tomorow on the OTC.
If I was a Saudi oil Minister I wonder where I would be looking to put all those petro dollars......??? Do I hear a vote for lithium?
just saying....Galaxy Resources up from .06 when I mentioned it...
Orocobre approaching $3
Saudi Arabia prepares for post-oil era by setting up world's biggest sovereign investment fund
The $2trn fund is aimed to move the country's economy away from its dependence on oil.
The $2tn (£1.4tn) wealth fund will be created by selling off state petroleum company Aramco's assets in a dramatic plan to transform the country's economy, which heavily relies on the oil industry.
The megafund will be enough money to buy the four largest US companies, Apple, Google's parent company Alphabet, Microsoft and Berkshire Hathaway.
Funny that no one is here and this company continues to go up .02 a day almost every day ...lol
Saudi Arabia prepares for post-oil era by setting up world's biggest sovereign investment fund
The $2trn fund is aimed to move the country's economy away from its dependence on oil.
The $2tn (£1.4tn) wealth fund will be created by selling off state petroleum company Aramco's assets in a dramatic plan to transform the country's economy, which heavily relies on the oil industry.
The megafund will be enough money to buy the four largest US companies, Apple, Google's parent company Alphabet, Microsoft and Berkshire Hathaway.
Thanks for that..you beat me to the punch :)
This is some interesting news out of the oil conference this weekend
Saudi Arabia prepares for post-oil era by setting up world's biggest sovereign investment fund
The $2trn fund is aimed to move the country's economy away from its dependence on oil.
The $2tn (£1.4tn) wealth fund will be created by selling off state petroleum company Aramco's assets in a dramatic plan to transform the country's economy, which heavily relies on the oil industry.
The megafund will be enough money to buy the four largest US companies, Apple, Google's parent company Alphabet, Microsoft and Berkshire Hathaway.
there is nothing particular unique about LAC's recent rise (with or without) SQM. If you look at all the lithium companies they have all had substantial increases in share price. Pure Energy doesn't have anything but a game plan in Nevada and they are up from .45 to .70 in the past month. Nemaska Lithium is threatening to build a lithium hydroxide plant and they doubled from .50 to a buck. I don't think the rise in price with Lithium Americas has anything more to do with production...than planning...just like the rest of them. I would be curious to see what kind of value LAC can maintain in the ensuing months as SQM determines what exactly they are going to do in association with LAC. I know some people think they can see the future...but I'll depend more on quarterly reports and official announcements.
not in anyone's defense...but are the number of IHub followers really a measure of success? I think it just means that one spends a lot more time posting and gathering followers. Nothing wrong with that if you don't have better endeavors...but some people spend a good deal of their time working or trying to pick up on women :) rather than posting. But I have to admit...it's a positive pastime as long as you understand that in reality it is just a digital message board that is edited by people who have their own motives.
Some of the posts that pass for 'information' sometimes sound like they are from a science fiction novel.
Production since January 2015 has been increasing....the rate of production keeps increasing monthly. Better reliable incremental increases in my opinion.
When the production rate of 17,500 tons per year was estimated a few years ago the price of lithium carbonate was around $4500 per ton. Recently the prices have gone as high as $7500-$8000. With those numbers...about half the rate of production should get us to the same place in the short term.
I do believe its out of the barn...training for the derby :) I brought this one up last year at .06, but I had some issues with people deriding me so I just kind of left with it. A lot of the information that I got was translated for me by my Chinese girlfriend when Galaxy got a huge capital infusion in China from some big players (as in government). It looked like a natural to me from the beginning given the interest China has in hard rock lithium processing. They are already setup with plants. Unlike the lithium brine that comes out of Argentina and Chile...this pegmatite rock formation that is in the Mt. Caitlin area is somewhat unique.
Level 15, 197 St Georges Terrace, Perth, Western Australia 6000
Telephone: (08) 9282 5889 Facsimile: (08) 9282 5866
Email: mailroom@edenenergy.com.au
AUSTRALIAN SECURITIES EXCHANGE ANNOUNCEMENT
14 APRIL 2016
EDEN SECURES FINANCIAL ASSISTANCE AND INCENTIVES WORTH US$24.76 MILLION TO ESTABLISH EDENCRETETM PLANT IN AUGUSTA, GEORGIA
HIGHLIGHTS
•
EDEN SECURES FINANCIAL ASSISTANCE AND INCENTIVES PACKAGE
WORTH US$24.76 MILLION FROM GEORGIA ECONOMIC DEVELOPMENT
AUTHORITY AND AUGUSTA ECONOMIC DEVELOPMENT AUTHORITY.
•
EDEN TO ESTABLISH ITS LARGE-SCALE, GLOBAL EDENCRETETM
PRODUCTION FACILITY IN AUGUSTA, GEORGIA AT AN ESTIMATED COST
FOR THE FIRST PHASE OF US$67 MILLION TO CREATE 251 JOBS OVER SIX
YEARS, WITH SUFFICIENT LAND TO ACCOMMODATE UP TO NINE FUTURE
PHASES ON THE SITE.
•
THE INCENTIVES PACKAGE WILL DELIVER TOTAL COST SAVINGS AND COST AVOIDANCE BENEFITS OF US $24.76 MILLION, BEING
:
US$11.59 MILLION TO BE PROVIDED BY STATE OF GEORGIA
,
US$13.17 MILLION TO BE PROVIDED BY AUGUSTA ECONOMIC
DEVELOPMENT AUTHORITY INCLUDING A GRANT OF 45 HECTARES
(112 ACRES) OF SERVICED INDUSTRIAL LAND IN THE AUGUSTA
INDUSTRIAL PARK PLUS AN OPTION OVER A FURTHER 12.75
HECTARES (31.5 ACRES).
•
PRODUCTION CAPACITY OF THE FIRST PHASE IS TO BE DEV
ELOPED IN FOUR STAGES TO AN ESTIMATED TOTAL OUTPUT OF 50 MILLION GALLONS (189 MILLION LITRES) PER YEAR OF EDENCRETETM
well...that was kind of the idea if you read my article a few weeks ago...but I think Tesla is looking for as many options as possible. With the limited number of 'actual' lithium producers in the world they don't want to be tied to one resource. Time will tell how many of these juniors actually ever get into production or get bought up by a larger fish.
That 2nd wave might very well be abbreviated in Galaxy. I see almost 500,000 shares went off in the last few minutes of trading which is when the 'funds' typically buy. I would say that it's not going to be out of the question to see $1 before year end at the rate this is moving...maybe sooner. The lithium movement is finally catching hold...kind of like Silver which I have been buying and holding for a year or two. Could be a nice double play....
Almost 500,000 shares go off in the last few minutes of trading. That typically is when the 'funds' buy. So welcome whoever you are :)
So let me get this straight...there is a 'water permit' issued for a lithium processing plant that hasn't been built in Nevada. Is that what that whole page of licensing was about?
How come there is no mention of the permits needed for the construction of the plant...and no information about the $300,000,000 they would have to raise to build such a plant.
I guess if your gullible enough....a permit to use water translates into a 'working lithium mine'.
Approaching $2.60 in the OTC markets today...another day...another dime...:)
Oh yea...unbelievable how uninformed investors are. Not you...but there are so many people who don't keep up with the Australian markets in lithium. If they took the time to read the reports they would be a 'month ahead' of the crowd.
Okey Dokey Tom..we'll see :) Galaxy Resources at .325 today...
Anyone interested in the lithium business that Galaxy Resources is in I found another jewel in the Australian hard rock lithium business. Macarthur Minerals (MMSDF). Same business as Galaxy...shipping hard rock lithium to Chinese processors. There is no end in sight for the Chinese demand in lithium ore and I expect these guys to follow in Galaxy's footsteps soon...I have been watching this one for a few months waiting to see what they were going to do. Finally pulled the trigger this week at .045
Welcome to my latest 'lithium' pick. This one I started buying at .045 and is already moving up. They have quite a big stake in the Australian hard rock lithium business with huge resources that will soon start to be tapped following Galaxy Resources lead.
Hang on to your hats....this one is a little harder to trade...but the profit will make it all worthwhile.. :) Viva la Lithium !!
Nevada was nothing but a test balloon...most people knew WLC wasn't going anywhere. They never even got the mining permits..much less the technology for processing lithium. People will find out soon enough who the 'real' lithium players are. Once factory opens in Nevada you'll have a dozen new Western Lithiums under different guises...promising the next great lithium promise. We'll see how Lithium Americas shakes out as SQM starts to ask them to put up some $$$. As they say "hope springs eternal" so do empty promises
HOP HOP TOP TOP WOP WOP
Amazing for a plant that's supposed to shut down they just shipped another big load of lithium according to Argentine Customs...hmmm
lmao $3.18 on the ASX as we speak...looks like the 'shorts' are getting their heads handed to them shortly...ROC NOT NOT ROC