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Rocky- i have an amount invested in this close to what you have also sunk in. I guess my question is without any expectation of specifics are you reasonably confident in recovering all of your investment in MMTE?
I can only imagine what Nerves is thinking. He must have a multiple of Rocky's investment tied up in this. Between the two of them they could create a huge wall of shares if they wanted to sell at the first sign of life with MMTE
It would be interesting to find out the actual significance of concessions disappearing from the chilean mining registry. Surely this cannot be the first time in chilean mining history that this happened? Even if they were sold, being transferred, reregistered etc i cannot see a reason for them disappearing from the map.
Unless i missed something does anyone know why MMTEs maricunga concessions have disappeared off the chilean mining registry map. And when i say disappeared i mean disappeared to my reading......area appears to be not delineated any more.
Can someone enlighten me as to whether with all the conversations going on with WL there was any discussion around what happened with the audit/uplist.
This was a hot topic for this board not so long ago.
This company needs an IR person stat!!!
Personally- I could see a spinout happening between CLIL and JV venture partner forming a "NewCo". Shouldnt be any loss in value. For every 100 shares in mmte/clil we get 1 share of the newco which was have all the accredited value of the concessions and JV proposal.
Fronk- it might sound naive but a ten fold rise in PPS is the least of what I am expecting. Hasnt it been posted previously that Williams investment alone needs to see a share price above .007 for him to make a return?
Once William crosses the Ts and dots the Is i think the run we will witness will surprise even the most optimistic. Like others have mentioned I do not believe William was going to Canada to test the waters or start negotiations. I believe what he has cooking is just about ready to be served.
582 posts today. Awareness seems to be growing
I didnt fall for anything. The assets speak for themselves...something the bashers here dont seem to get.
I"ll give WL the benefit of the doubt. Yes before you hit the keystokes responding that whats he has had for the last two years ill give him more space and indeed time to get it done. If not publishing audit results and quarterlies or anything else gives him FOR WHATEVER REASON a stronger negotiating hand then I say carry on. Personally I support his mission to maximise shareholder value(which is also mine funnily enough). I have enough red on this position that would cause some an ulcer but i take a different view than most on here. You can keep your audit results, you can keep your quarterlies, your uplisting timeline announcements etc. I will wait in trembling anticipation for the big one. The one that speaks to this company positioning itself to either generating revenue through a JV or through an acquisition by one of the big guys. That is all I care about ultimately. Anyone that potentially weakens our prospects by creating fear in the trading marketplace is not helping our situation IMO and you need to be aware of that.
Diidii what are your thoughts around William's claim that he believes the value of our assets to have increased fivefold. I think this is significant and potentiall explains why we have not heard anything yet about the audit, uplist, etc
Precisely. For all we know this is the postponed "media blitz" from last year. Its never enough for some on this board. Wish most would sit on their $200 investment and not make noise
Well im in this to the bitter end. Added another 8m. Hopefully Jul 31(deadline for CEOL application) will be the catalyst for positive moves
According to JB the main reason for these presentations are to reward the faithful and give them an informed opportunity to get in first. Think what you like but he is no imbecile. In fact from meeting him i gained an insight into how involved he is with every aspect of his business. There are many moving parts from building mutual respect with alaskan natives to saving money on projects costs to building relationships with other mining companies. He was quick to point out that they were attempting to follow the plan as laid out by SRK as the path to success. The drill targets at BC and HM remain very exciting prospects to say the least.
Is anyone in contact with Khoo? Sent an email to IR relations with no response. Also checked out his accountant who represents a bundle of companies that have OTC placed warnings associated with them. Needless to say most are halted or trading at .0001
Some good industry news
IPad Boom Strains Lithium Supplies After Prices Triple
By Jesse Riseborough - Jun 19, 2012 4:00 PM PT
Investors from JPMorgan Chase & Co. to BlackRock Inc. are trying to make money from the exploding popularity of iPads and increasing sales of hybrid cars by investing in producers of lithium for batteries.
Prices for the conductive metal, the lightest in the periodic table, have tripled since 2000 in a market now worth $1 billion a year as uses expand in vehicles, ceramics, electronics and lubricants. Apple Inc. (AAPL) and Toyota Motor Corp. (7203), maker of the Prius electric-gasoline car, have few alternatives as they pursue higher performance and mobility, leading Dahlman Rose & Co. analysts to forecast lithium demand will double by 2020.
Enlarge image
Photographer: Ian Waldie/Bloomberg
Talison Lithium Ltd. (TLH), whose shares have gained 26 percent in the last month, together with Soc. Quimica & Minera de Chile SA, Rockwood Holdings Inc. and FMC Corp. (FMC), produce almost 95 percent of world supply. Rio Tinto Group (RIO), the third-biggest mining company, may join the largest suppliers if it goes ahead with a mine in Serbia it says is capable of producing 20 percent of global output of the metal.
“There are some companies now that we think are attractive to get a hold of lithium exposure,” Evy Hambro, who manages about $13 billion in mining stocks for BlackRock in London, said in an interview. “We’ve got a small exposure today and we’re looking for some more,” he said without naming any companies.
Demand for lithium-ion rechargeable batteries out of Asia has helped prices climb threefold in the last 12 years, London- based Roskill Information Services Ltd. analyst Robert Baylis said. Global use doubled from 2000 to 2011 according to Roskill, which has recently consulted on six lithium projects.
Lithium Oligopoly
The advantage of lithium-ion over other battery types is that a typical cell can generate more electricity than competing cells like such as lead-acid.
There is about 0.1 of an ounce of lithium carbonate in a mobile phone and about 1 ounce in a notebook computer, according to Rockwood Chief Executive Officer Seifollah Ghasemi. There will be a “step change,” in the global lithium industry in 2016 or 2017 when electric cars became more commonplace, Ghasemi said. Batteries for such vehicles contain about 50 pounds of lithium.
The four-strong lithium “oligopoly has the capacity to significantly ramp supply higher, but it will take time and significant capital to accomplish,” Dahlman Rose analysts Anthony Young and Anthony Rizzuto said in a May 16th report. “There are a limited number of known high-grade resources that can be economically extracted and there has not been a new lithium mine constructed in the last 25 years.”
Biggest Producer
Global consumption may jump to 300,000 metric tons a year by 2020 from about 150,000 tons now, Dahlman Rose said in a June 7 report. Demand for lithium batteries has been growing at about 25 percent a year, outpacing the 4 percent to 5 percent overall gain in lithium, the firm said.
“Anywhere between a doubling and a tripling of demand in the next 10 years is absolutely our view,” Peter Oliver, CEO of Talison, the biggest producer, said in an interview. “Maybe a doubling is with minimal impact from electric vehicles and if electric vehicles take off in a big way in the next 10 years it could be as much as tripling.”
Neil Gregson, manager of about $6.9 billion in natural resource assets at JPMorgan Asset Management, said he’s studying investing in the industry. “It’s a very interesting area.”
Rio is researching the development of its Jadar lithium- boron operation at a time when other suppliers are expanding output to meet rising demand. Talison, the Perth-based company with a market share of about 32 percent, completed an expansion at its Greenbushes mine in Western Australia this month that has allowed it to double production capacity.
Ponce, Kravis
SQM, controlled by billionaire Julio Ponce, is the second- largest followed by Rockwood (ROC), which is backed by Henry Kravis’s KKR & Co., and Philadelphia-based FMC. SQM stock has risen 2.1 percent this year, Rockwood 17 percent and FMC 20 percent.
Chile, the second-biggest producing country behind Australia, last week said it will award 20-year concessions to exploit lithium brine in salt lakes. The plan allows developers to mine as much as 100,000 metric tons of the mineral over 20 years, Pablo Wagner, a government undersecretary, said June 12.
Rio’s Jadar project is in pre-feasibility, which involves conducting studies to better understand the parameters of the deposit and any social and environmental impacts, the company said in an e-mailed response to questions.
Lithium is “going to be so critical to that future world of electric vehicles and hybrids,” Tom Albanese, CEO of Rio Tinto, said April 19 in London. “We’ve got a lot of interest from Japanese companies, from Korean companies that actually want to be in the forefront of hybrid and lithium technologies so I’m actually pretty excited about the project.”
Prius Sales
Toyota’s Prius, a niche vehicle when it went on sale 15 years ago, jumped to the world’s third best-selling car line in the first quarter as U.S. demand and incentives in Japan turned the hybrid into a mainstream hit. In the quarter, sales soared to 247,230 cars.
“It’s less than 1 percent of the market now,” Talison’s Oliver said of lithium’s use in batteries for electric vehicles. “We do tend to try and portray a fairly conservative view, but if some of these new technologies take off its going to be a very exciting time for us.”
Since the start of Prius sales in Japan in 1997, Toyota has sold 4 million hybrid-electric vehicles worldwide, including 1.5 million in the U.S., the company said May 22. Makers of lithium- ion batteries are also benefiting from the rise in demand for the vehicles.
Tablet Computers
The global market for tablet computers is growing faster than expected, with Apple’s iPad widening its lead as consumers’ top choice, market researcher International Data Corp. said June. 14. Worldwide shipments of tablets this year will be 107.4 million units, up from an earlier projection of 106.1 million, Framingham, Massachusetts-based IDC said.
Worldwide shipments of tablets should reach 142.8 million next year and 222.1 million by 2016, IDC said.
“One can claim that without lithium, the whole mobile technology would not have been possible,” Rockwood’s Ghasemi told a Deutsche Bank AG conference June 13. “You use the product every single day.”
Battery-maker A123 Systems Inc. (AONE) rose 52 percent in New York trading on June 12 after saying it had developed an improved lithium-ion cell that can cut costs of rechargeable and hybrid vehicles. The new cells will be produced next year and can perform better in extreme heat and cold than competing packs, it said.
Golden Goose
Expanding battery sales to automakers is seen as the “golden goose” for the lithium industry, according to Roskill, and has spurred new entrants such as Galaxy Resources Ltd. and underpinned expansions by existing producers. Lithium-ion batteries are the biggest application for the material, accounting for about 22 percent of use.
“This is an industry which is consumer led,” Iggy Tan, managing director of Australia’s Galaxy, which made the first sale of a lithium product last month, said in an interview from Perth. “Once it takes off it’s a bit like mobile phones, it’s exponential.”
A123 supplies batteries for General Motors Co. (GM)’s Spark electric car, Bayerische Motoren Werke AG’s BMW 5 Series hybrid sedan, rechargeable and hybrid cars from China’s SAIC Motor Corp., buses made by Daimler AG and Volvo AB, and delivery trucks built by Smith Electric Vehicles Corp.
General Motors’ Chevrolet Volt was the best-selling rechargeable auto in the U.S. in May, topping Toyota’s Prius and Nissan Motor Co.’s all-electric Leaf hatchback.
Better Batteries
Deliveries of the GM plug-in sedan more than tripled in the month. Suppliers of lithium have benefited as some car-makers switch from older model nickel-cadmium batteries to lithium-ion.
Rockwood on May 14 proposed a price increase of $1,000 a ton, or about 22 percent, for lithium salt sold to customers in the year starting July 1. It said the higher price would allow it to fund expansion of its mines. Talison’s Oliver said he raised prices 15 percent in the first-half and is expects to increase prices again in the second-half.
“The outlook for lithium is very strong in light of some of the uncertainty of other metals such as copper and many of the industrial metals,” Jonathan Lee, a battery materials and technologies analyst at Byron Capital Markets, said in an interview. “Lithium has grown roughly at 10 to 15 percent over the past two years on a per-annum basis. We’re having another strong year this year.”
To contact the reporter on this story: Jesse Riseborough in London at jriseborough@bloomberg.net
Interesting to note that on Sat June 9th MMTE released financial statements for period ending Dec30 2011 on the same day as TTXP uplisted(after several quarterly result releases). Hmmm.....
Didnt we have a variation of that last year with Q&A sessions facilitated by diidii and WL. Think he put the kaybosh on it after all the bashing started
So why post that your friends have lost all hope and are dumping millions and millions of shares. How would this possibly help the pps and allow you to make coin. Lots of people fall back on the "facts" argument on this board. Personally i struggle to understand the logic behind such negativity if you truly want the best for your investment. Do you think that by playing on people's emotions and causing a huge share dump you will force/cajole/pressure/coax WL to pull his socks up as though he is wilfully trying to suppress a rise in price.
MMTE's acreage/concessions were already listed on previous signumbox reports for Li3. No groundbreaking "new" news here just yet.
Haha. Yup i used to think this was legit....looking at the overturned dirty oil bucket here would say differently. Really CEO of an oil drilling venture and on your website you take a "project" shot of a dirty old oil bucket kicked over in front of a rusting oil derrick in someone's backyard????
Exactly. This board has been off the wall today. Poster imposed deadlines, sale of restricted shares, Dtc chill lists.
For the last few weeks it has been nothing but fluff speculation, post after post with "hearing news" any day now, this week, next week etc.
The first real dump of shares and we are talking the stock down once again? William has said its in the pipeline, on the way and real close. What more has to be said. Know what you own....
Interesting read on REEs and niobium
http://www.resourceinvestor.com/2012/02/16/unstoppable-demand-for-rare-earths-jeb-handwerger
Speculation of course but sounds like a lot of longs are anticipating something akin to a "media blitz" resulting in one falling out of one's chair. Maybe Brian just jumped the gun early in releasing those comments?
It's been said before........I'll say it again. Know what you own. Investors in this stock are invested in a potential future miner of lithium. That is all. If you believe this is part of the mission statement then the progress to date should be acceptable. Do not confuse the low pps with a scam operation. As we speak WL is buying up concessions. Not diluting and not lining his own pockets.
Short data for yesterday...explained why we closed in red...
20111227|EMLL|24652700|0|64158505|O
24.6 mil. out of 64.1 mil. was shorted...that is ~1/3 of the trading vol. LOL!
Haha well played Sir.
What do you think is the next milestone?
More concession announcements or funding for production startup or change to lithium mining laws or merger/buyout?
Just curious as your faith appears to be unwavering.
"Purported land and mineral concessions" - pardon?
I take it you are joking at this stage after evidence has been freely advertised showing otherwise. How can you take the trouble to do all that DD and not take the time to verify the treasure map. Many here have seen the concession listings with their own eyes........."purported".....you must be joking surely.
Yup it's all there for all to see. Hopefully people will get it together and check it out. Never want to see "purported claims" again!!!
Just felt that today should be the day I hit 25M
Hey NOS,
You seem to have a good rapport with management. Just curious as to if production of the other little discussed resource has been touched upon in any of your conversations-that would be potassium. I understand there are no massive constraints to mine and sell this? Wonder why this would not be of some interest to people or is it part of the bigger financing consideration.
Just a thought at the end of a long day
Hey TC wondering how you see our PPS valuation playing out in such a scenario. Surely some type of RS would need to happen based on our share structure? Ex "Company X" trading at $1 merging with MMTE trading at .0008
All due respect there is no way you can anticipate how fast,slow,explosive or consistent the pps will respond.
Variables and combinations of variables will have a big bearing such as end of huge selling drives, return of investor positive sentiment, announcement and proof of current and new land concessions, opening of the Chilean mining industry to production from additional explorers and junior miners, rise in demand for potash and/or lithium, joint venture potential or announced timeline, uplisting timeline, Argentina angle, financing, spinouts etc etc etc etc.
Intent to acquire land with resources.....tick
Acquire resources.....tick
State intention to acquire further resources.....tick
Acquire further resources.....I'll give it a half tick for now
State intention to not get embroiled in negative speculation and rumor mongering.....tick
No PRs engaging in any kind of rebuttal of said negative spin....tick
Intention to up list ASAP....tick
Uplisting.....hopefully
Fact: every junior exploration and minor lithium mining company in South America is more than likely jumping all over every available claim in this amazing race. If you think WL is a) going to divulge information that could upset his and the company's plan you are mistaken b) focus and waste time on futile rebuttals to baseless accusations and indeed insults instead of following his plan you are mistaken c)waste time money satisfying every question and unannounced aspect of operations you are mistaken.
Possibly not medicine for your frustration but just looking objectively at the circumstances. I have positions in several other junior exploration and mining companies. There tends to be a distinct lack of information divulged to shareholder satisfaction and a couple of big question marks over likelihood of success or ability to bring strong resource bases to play. That said this stock wins hands down in term of internal shareholder bickering and negative posturing. Hard for the pps to rise if you won't let it.
Saw a post from this one on another forum in august pleading to have the pps drop to .0004
Thought it was worth mentioning
Agreed. You have a very valid and relevant query. That is all I am trying to message here. Would be great to get the q and a sessions started up again to bring answers and/or transparency to lots of questions
Grasping at straws and outdated irrelevant info. Really is this a major concern at the moment or just another golden opportunity to have a poke
Thanks for coming out
What investigation are you referring to?