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Short interest in LTUM is gone per the detailed quote data. Seems like one more piece of positive news for the company or for junior lithium mining companies, lithium demand, etc., could send this stock quickly over $.20. I think something in the $.30-$.40 range is not out of the question this calendar year.
I've been holding LTUM for about 3 years, as a sort of long shot addition to the lithium portfolio. Looks like things are getting interesting per this article:
http://www.insiderfinancial.com/lithium-corporation-otcmktsltum-on-a-bull-run/115297/
I'm not concerned either way with the news really. LTUM has enough potential with its core site to go north of $2 stock price at current Lithium market prices in the next year. Thus, being "in" on LTUM is not something for which I am going to try and time the market. Factor in that Lithium demand is strongly (though not perfectly) price inelastic, and LTUM may have the potential to be a $6-10 stock.
Long, strong, and holding six figures in shares here...
Yep. I have added and averaged cost down nicely.
Bring on the $5 gas IMO. LTUM and other lithium mining company stockholders will reap windfall paper profits.
Decided to double down on LTUM today.
I think 120k shares will be worth 6-figures within the next 12 months...
LTUM--big time Lithium playa!
Given the recent news I think this stock is oversold, over shorted, and ready for a rebound and potential short squeeze. I would only want to be holding long right now (and I am!)
What I am saying is inevitably going to happen, sooner or perhpas later when the drilling results come in. Can someone with access to the data tell us what the net short position is?
WSJ reports possible 56 mpg fleet average standard by 2025 to be put in force by Obama Administration.
I'm not surprised, but if it sounds like someone is smoking crack to you, consider that whether you talk to environmental or industry groups about the CAFE standards by 2025, the reality is that it is going to hit somewhere between 47 and 62 mpg. Estimates are that you'd have to have over 50% of vehicles be electric or hybrid (both containing Lithium batteries) just to meet a lower end outcome CAFE standard for 2020, much less 2025.
Yeah, you know this Lithium stuff sure is a terrible investment...
I don't like it when this happens. I am pretty sure it means nothing in regards to what we should expect in the 10-Q, but the message it sends is that this could be a Mickey Mouse-run organization. C'mon LTUM, let's rise above. If you want investors to treat you seriously, you must give them reasons to do so...and I speak from experience--getting out accurate, timely tax information relevant to my company's 10-Q/K is what effectively 100% of my job performance is based upon.
I haven't been able to get my calls returned from investor relations. Have the visitors ask about technical reports or economic pre-feasibility studies--are either of these planned, in the works, and if so when might we expect news in regard to findings?
You mean the lithium "quick play" is dead. Good luck in your next gambling adventure. I and the other longs intend to make a lot of money on LTUM. My guess is the same multiplier on # of hybrid cars now vs. next six years will apply to this stock in the next 6 months, or about 6x. All it takes is a little patience, but I'm talking about investing, not gambling.
Lots of reasons to invest (as I am guessing you well know.) I'll give you one for starters:
The Obama administration mandate of 39 mpg average fuel economy for cars by 2016. That representss a 6.4 mpg gap to cover in a fairly short window of time. Will more smaller cars help? Yes. More diesels? Yep. Can you get their without increasing hybrid car production by a significant factor? NOPE! Estimates are that there must be 12 to 15% market penetration for hybrids and diesels combined to meet the standard.
Before you think to far about diesel in that equation (I am a big diesel fan BTW), you have the California ZEV (zero emissions vehicle) mandate for 2020 to consider. Do you know what has to happen for 12 - 15% of all passenger vehicles on the road to be hybrids? As of YE 2010, about 2.5% of light vehicle sales in the US were hybrids. It has taken us over 100 years (since the first hybrid car patent) to get to 2.5%, and we have to increase that by a factor of 5 or 6 in the next 5 years.
Mathematically I express it as:
CAFE 2016 + CA ZEV 2020 + hybrid demand = LTUM $$$
BTW, the CAFA regulations will be negotiated and updated again before we ever get to 2016 with even higher mpg requirements. We could see 25% or more of all new vehicles on the road having hybrid engines with lithium based batteries in them by 2020. The day may come when the average American citizen goes car shopping and turns his nose up at anything that is NOT a hybrid...
Keith Evans? Dude is the E.F. Hutton of lithium--when he talks, people listen...
A little weird but positive LTUM mojo...
Got in the car this morning to head to work and my satellite radio was playing "Don't Let Me Be Misunderstood." This is the cool, latin/salsa disco version popularized in the U.S. by its selection and use in the Kill Bill Vol. 1 movie, you know, the tune playing during the Beatrix Kiddo/O-Ren Ishii duel?
Why do I bring this up? Well, because the song is by Santa Esmeralda. And where is the Fish Lake Valley project of LTUM? It's in Esmeralda County, NV.
Don't misunderstand our stock, LTUM, people. The price retreat has brought us in line with some other lithium mining companies (like Rodinia Lithium), but we are better positioned IMO. Stay the course, stay long. View the current price as a buying opportunity. I know I have--bought an additional 50k shares on the way down from $.80, most of it under my price target of $.50.
There are always going to be games played by the market makers. The spread at times on this stock has been utterly comical. All the more reason we must make hard decisions and stick by them, allowing you to stay above the short-term "fray."
You know what they say opinions are like...and everybody has one, and most of them stink! Nevertheless, I will give you mine--that and $5 will buy you a fancy cup of coffee.
I believe there is better than a 50% chance that this stock will settle at a supported price (i.e.--floor) above $2.75 sometime within 6 months after initial drilling commences. Note, I didn't say what high it would hit in PPS--could be $5, could be $10. But I plan to sell at overbought highs and repurchase where I think new, higher floors will be achieved.
I'm a corporate tax guy by trade the past 18 years, but if I were at the company, I would have had a geological technical report or economic prefeasibility study done already, then a definitive feasibility study at the appropriate time. Could be that these are already in the works or already done, but they also take money which may be better spent on drilling. From my experience as an investor though it often takes the studies to advance the projects. IMO a positive technical report would boost this stock above $2/sh, and if drilling commenced soon after it would only go up. Let's all hope the company gets the timing right...
I am a long time investor, almost 20 years worth. I followed Lithium stocks and the sector and feel LTUM in particular has tremendous long-term prospects. I check these boards for news mostly, as the company has had issues with getting things on the PR wire at the right time. What I get sick of reading is the blatant hypocrisy shown by the so-called “longs.” So many here are not longs at all—they saw LE** make a huge jump, saw the PR a couple weeks ago on LTUM, and jumped on board for a quick hit. No offense, but that’s the same mentality the shorter has, he’s just betting the other side of the curve for the same thing--a quick hit. So, don’t be so pissed that you made the wrong bet—that is what it was—you just bet the wrong side of it.
Did you familiarize yourself with the industry before you invested in LTUM? Did you get comfortable with when the timing in the market for price explosion by even a successful mining company might happen? Let’s get basic—did you read the 10-K cover to cover? I did all of these, I am an investor, not a bettor. It’s not too late to become one yourself. Some advice-- never try to “time the market” for short term hits—you will lose more often than you win. Invest in good companies with cash, who are at less risk to dump shares on the market and dilute shares, and excellent prospects. Set realistic time horizon’s for an investment. If you think it is six months or less, you might be playing with fire. Above all, set realistic price targets for entry and exit, and stick to them. This removes emotion from the equation.
Nothing wrong with taking riskier investments (LTUM is one) but do your homework first. For example, I made nearly $50k in the past 9 months with only $15k invested taking leveraged positions in silver, but I have been following commodities since 2001. Sold the silver at $48/oz. before it tanked and jacked up my LTUM holdings, so I am playing with house money here. Sorry such a long message, good luck to all the true longs…
This company has too much potential for me to not be in, and I have been meaningfully invested in lithium sector stocks since last summer.
I have been quietly accumulating on the price decline, now holding north of 60k shares. When people are selling a company, a GOOD company with great prospects, that is when the shrewd investor BUYS.
One man's desert is another man's oasis...
Who's gonna steal the show, you know
Baby it's the guitartattooman...
order for 27k shares filled at $0.4987
I've done pennies a long time, made a lot a times, also taken a bath a time or two. I've been in a situation just like this before, where there was a big short position, and guess who bailed them out? Unwittingly, THE COMPANY by puting more shares in the outstanding float! Companie, especially ones getting off the ground, need working capital. LTUM will need mucho operating dollars to turn their in-the-ground assets into $$$, I just hope they do it via private placement like we are being told...
I see where you are coming from CJ, and a lot of it makes sense. The market has built in protections in place to discourage manipulation of stock prices. I am familiar with the fail to deliver provisions, and knew the answer before I asked the question, just wanted more detail relevant to LTUM.
You have to admit though, it is not like they are forced to cover, that's that, and then they will walk away with their tails between their legs. If they feel good about their position going forward, they will simply cover and near simultaneously take a new short position for the same amount.
Sounds like we are in the neighborhood of 15mm shares short.
Question on news...
Why are some so certain that there is more imminent news coming?
Re: short covering...
I don't understand why so many are confident the shorts will cover next 3 days--shorters from last week can only be compelled to cover because of buying pressure pushing up the price, increasing the chance that they will have to cover at higher and higher prices. i don't get the "we know when they will cover" mindset, so I'd like some explanation.
Unlike many small buyers here I bought this stock only after reading the available financials, but I am not a small buyer myself. :) Been buying selective pennies since 1997 (none the last few years) but I think LTUM owns something of serious potential value, so I dipped my foot in the water last week, bought more today on the decline, sitting on a nice DCA.