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Fully agree, no surprise at all. A contributor recently stated that it may take 7 to 8 quarters to see a rebound. I think he was spot on. Talking about surprises, Intotheblack recently boasted of a huge surprise coming? Was this stellar quarterly report the surprise? Not coming yet? Any more great hints?
I feel sorry for those that fell for this company’s management lies and people in this forum that helped spread them.
...or another day to buy low and see RAD drop much lower. Sorry, my appetite for risk is not that high. I prefer to wait because I don’t believe we are close to the bottom yet. Good luck
Patience will pay off with multiple positive announcements coming our way (e.g., new pricing for 2018, announcement of Japanese buyers/customer, updates on SDV and James Bay, etc.). Good times ahead!
Correct, they are highly correlated with GALXF being about 80% of GXY based on exchange rate between US and Australian dollars, give or take a couple of cents.
No, unfortunately I did not follow my gut feeling and I did not buy before the consolidation. Yes, I kicked my self for not buying and missing on a >30% profit, but this is now water under the bridge.
I am happy that i finally bought today at $9.9 and I am already a bit ahead. I am not too concerned about the large fluctuations because I plan to be a long term holder. I will buy the dips and may sell a portion occasionally, but it is not my style to day trade. I am confident that I will do well long term with this great stock. Lithium America is the third lithium company I buy. I also own a couple of Australian junior companies that are already mining lithium. I plan to buy a couple more junior lithium companies that have a realistic chance of producing in a couple of years. Lithium America certainly fits this mold and I am very happy it is now in my portfolio. I am extatic with the rapid rise of the stock, but I also look forward the steady albeit slower rise we may see when things settles. The lithium story is real and the boom should continue for several years if not longer.
It is mybunderstanding that some people are still having trouble buying the stock due to problems in their brokerage accounts. If this is the case, I woul expect the trading volume to rise considerably when these problems are fixed in a few days. Please let me know if this is the case or if I am wrong.
Thanks and good luck to all!
I fully agree with your warning. I do not own the stock yet, but I will buy it as soon as I see a good entry point. This is a great stock but you need to be very cautious. It is still not a lithium producer and it is a small company, which inherently carries very high volatility. Unlike other wanna be lithium explorers that will never produce, I am quite confident that Advantage Lithium will become a producer. It seems very easy for them to come to an agreement to use Orocobre’s processing plant, which will be mutually beneficial for both companies plus Orocobre already owns a portion of Advantage. If this happens, Advantage would only need to install extraction pumps in its wells, install say a 10 mile pipe to Orocobre’s plant and install some ancillary infrastructure. My very rough estimate is perhaps a $20-$30 million capital investment, which is certainly much less than the several hundred millions dollars that would be required to build its own processing plant. It is my understanding that Advantage has about $40 million in the bank, so Advantage should easily be able to obtain financing or help from Orocobre for the smaller capital expenditure. Please feel free to comment if you disagree or have additional insight.
One thing I would like to know is if anyone has information on how much brine can Advantage extract from the wells. This can provide an estimate of how much lithium and revenue iAdvantage can produce. I saw some information in the reports on well extraction rates and the hydrogeology of the two sites, but does anyone have more precise numbers on the final number of wells, expected extraction rates,hydrogeology or related information? Part of my professional background is in groundwater hydrology, so I think I may be able to help this forum with estimates. I would greatly appreciate any help or information.
Thanks and best of luck to all investors!
I am sorry that my words are a bit harsh, but this is how I feel. I really hope that the results for next quarter will be positive or I see the stock falling at an even higher rate. Even the comments have dried up in this forum.
I agree. The performance of this stock has been pathetic at best. The overall trend since 2014 has been downward with a few dead cat bounces here and there fueled by speculative announcements with little basis. I was thinking of buying, but I am glad that I got cold feet and did not buy any SUNW stock. Sorry, but I can do much better things with my money than having to wait 7-8 quarters, which is ridiculous. I was hoping that the new CEO would change this trend, but I have serious doubts. The next quarterly report may be one of the last chances to save this company or the stock will be a falling knife. I actually do hope that there are some positive news this quarter, since I feel sorry for the many people caught with losses when they followed the speculative announcements from the management and the upramping nonsense that some spread in this forum. I will wait in the sidelines for now and I doubt that I will ever buy this company.
I recall a short (hours) trading halt for Galaxy. There was also a bit of confusion with the systems of a few brokerage firms making simple math mistakes mistakes during the conversion. There was a bit of panic, but all of this was resolved in a few days.
This may not happen to Lithium America if it starts trading at the consolidated price as soon as the market opens, and I also think that it may be handled better in the NYSE. In conclusion, don’t worry.
Hi Badman,
I own Galaxy and you are correct, their consolidation was to still remain in the Australian stock exchange. There was a lot of talk claiming that the consolidation would reduce shorting, but this proved to be false. There was major shorting after the RS and the stock price went down considerably. However, the stock for Galaxy eventually bounced back and is in great shape now, proving that the consolidation was positive.
The situation for Lithium America is better than Galaxy’s in that the consolidation is to enter into the NYSE, which is a huge plus and will be of great benefit long term. I am still in the sidelines but I will buy very soon. The thing that stops me is that I am afraid that the stock price could drop immediately after the listing in the NYSE and may flounder at lower prices until it finds its footing. On the other hand, it may shoot up as soon as it enters the NYSE. The safe bet may be to split the money into two or more parcels and buy before and after the consolidation.
I would appreciate any insights from you and others.
Thanks
Hi, I am new to this forum. I may invest in Nemaska soon, but I have a couple of questions:
1) When is financing expected?
2) What is the possibility of Nemaska working with Galaxy Resources and how would this society work? IMHO, it may be mutually beneficial for these two companies to reach an agreement to work together.
Thanks and good luck to all!.
The 5 to 1 GXY consolidation did not work initially. GXY’s stock price suffered quite a bit, but it rebounded after a few months and showed that the consolidation was ultimately quite positive. If a similar approach is used for LACDF, it is likely that the stock price may flounder for a bit just as it happened to GXY. However, the stock will eventually find its footing and the listing in NY will help the stock.
I plan to buy some soon, just waiting for a good entry point and the NY listing.
Good luck to all.
I think you may be right amigo. If you are not, then perhaps by the end of the year.
Sorry but I do not short and never have shorted any stock. I am considering buying but I want to buy close to the bottom.
Hi ResearchDD,
Are you confident that it may bounce at the 1.20s due to the shorts? I was thinking it could go further down (maybe $1). I appreciate any insight you may want to share. Thanks
Hint: Search for quarterly report issued today from a friendly competitor, unless there is a better theory from another contributor.
Lion, I fully agree with you and this is why I wish that the person would change his ways. We shall see...
I agree that it will likely go lower. I do not hold RAD at the moment but I may consider buying a small parcel if it goes below $1.20, regardless of whether or not they make a deal with Amazon or another company. I am also ok if it goes up before then and I happen to miss the boat boat, because I have better stocks with lower risk and better rewards.
As for Tardis, I think he will be back, regardless of his latest comments. He may be drinking more of the Kool Aid to come back with a vengeance or may be finally realizing that his upramping is not working. I still wish him the best and hope he would continue with us in a more objective manner, so he can contribute more positively to this forum. It would be better for all.
No, there are no fires near my house and the stores were empty well before the fires.
Please stop pumping/up-ramping this stock. I think your actions look desperate and have the opposite effect of that which you intend. The recent rise in price is probably nothing more than a dead cat bounce. As for packed stores, I don't see any of that where I live Southern California. If I ever decide to invest in RAD, it will certainly not be because of the wild speculation you throw around.
I bought at 2.02 shortly after the WG announcement, but quickly sold at 2.09 because I got cold feet. I am happy about my decision. I am interested in buying again, but I will not risk much and will wait for when the moment feels right.. I will wait until bottom is confirmed and I see a true rebound.
I appreciate your response and insight Drugmanrx. I think that most people in this forum do care (or should care) about future developments from the Suniva decision, which could impact SUNW.
Thanks
International Trade Commission Tariff Decision
I am surprised that the recent ITC September 22, 2017 decision on the so callled Suniva case has not received more coverage in this forum. I understand that a final recommendation has not been made and that Trump may also weigh in. Nevertheless, I am concerned that this decision could have a major effect on SUNW and other solar companies in USA. I would like to know the opinion from other contributors to this forum.