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This one is a ‘sleeper’ ….literally for the past several years. Oil & Gas is what’s making it run……but their entry into lithium mining is the smartest move any oil company has made lately.
Well….what can I say. I haven’t been to this board in a few years. I came back today to look at this company and the first thing I notice is that it’s listed as a Telecommunications Co.??
This is an oil and gas company……
So now that we know what thet do….watch them…big move coming. Stock buybacks have already started. I started buying around $6 and continued buying to $7….
Slashnuts.....out of curiosity....what was the initial attraction you had for this company back in January 2016 that got you started posting here? I was reading back through some older posts and was just curious what you were looking at when you ran across Largo. tia
Now what don’t believe everything you read from ‘analysts’ and ‘authorities’ . I spend time reading technological essays rather than investment essays. They may try to reduce the amount of cobalt that goes into batteries....but that will not affect the global demand significantly. If you read between the lines in the writings about reduction in cobalt in batteries is to try and relieve the upward pressure of ‘obtaining a constant supply’ for manufacturers more so than price. If you pay $50 a pound or $150 a pound for cobalt the significance of cost in a new Tesla.....not that much. Here is an article expounding on Musk’s issue with cobalt.
As electric vehicles become less niche, the batteries powering them need to keep up. Last week, Elon Musk tweeted that batteries for the Tesla Model 3 use less than 3 percent of an expensive chemical called cobalt, and the next generation battery “will use none” of the material that some have called the “blood diamond of batteries.” How soon can that claim come true?
Cobalt is a key component of batteries. It’s also the most expensive material in the battery and mined under conditions that often violate human rights. As a result, scientists and startups are rushing to create a cobalt-free battery.
Musk’s “next-gen” claim is a vague phrase that doesn’t set out a definite timeline, so it’s impossible to know when he’ll deliver — but don’t expect it to be in the next couple of years
.Point is....the cost difference in an electric car.....with or without cobalt is negligible considering the cost of the car. The real issue is ‘accessibility’ of cobalt. As a footnote notice the slow upward grind in KATFF Katanga. In spite of the legal issues with a Glencore....the mining issues in the Democratic of Congo....and technology demands for remaking lithium batteries without cobalt.....the price of cobalt is starting to move north.
NowWhat.....btw I can’t respond to your private messages because I am not a subscribing member. You can send anything you want me to read to whatever board I might be commenting on. ciao
Let me start by saying....the informed investor is well read and spends more time doing research than posting. I have been posting on investors hub under one pseudo name or another for 10-15years...can’t remember offhand....but during the course of that period I have been praised....sweared at...verbally assaulted....and smooth talked. My point being....and has always been....If you don’t add to the knowledge of a particular company that you are writing a post about....why bother? This is basically saying to those people who post one sentence exultations about their exuberance or disappointment in a stock should probably remain silent and read. You are not required to write something because you have bought or sold the stock at some point, and have an opinion
The sole person I have read on this thread that appears to know something about the company is ‘slashnuts’. That’s not meant as a put down to everyone else ....but one only has so much time in the day to wade through innocuous messaging....that’s what social media is for. Slashnuts....thanks for the info update on your conversation with Mark. I am not as smart as you to have invested in this company at .12, but I did buy Galaxy Resources around that price a few years ago, as well as Orocobre under $1, and Katanga Resources at .40-.50 before it’s run to $2.40 a few years ago. The only reason I am quoting those is because I have been an investor in mining resource companies for several years. I can tell from your posts that you are an investor like myself....and not a trader. Your reference to Glencore’s trade agreement with Largo is a statement from a person who reads and does research. Most people are either not aware of the significance of the deal with Glencore....and its expiration in a few weeks...or don’t understand the significance of Glencore’s involvement with the company to begin with. For those that want ‘free’ information without having to work for it (meaning using ‘your’ research to buy or sell the stock) deserve everything they get....especially the losses. Some of you probably think “that’s a hard core attitude”....and you would be right...it is.
I have found over 40-50 years of investing in commodities that nothing comes easy. In order to ‘invest’ you have to have the fortitude of your convictions when you buy....that you did the amount of research to validate your decision. In other words i.e. if you invested in memory expansion chips about the time the average investor was becoming aware of Microsoft.....or bought Apple at $40 when they announced the release of the first iPhone years ago (that’s $40 pre-split 4 to 5 times since) you are probably the kind of person slashnuts and I could have a conversation with. However....if you’re one of these people that has a total of 3 posts on investors hub before reaching some conclusion and posting....probably not.
In conclusion “my opinion” about Largo is.....learn about vanadium and the world market for it. Not only in the aerospace usage, and steel industry use in strengthening rebar, and China’s effect on the world market, as well as the ‘important fact’ that selling in the stock since earnings which has crushed the price from $3.40 give or take....to $2.20 US is in fact related to profit taking from a few large shareholders and end of year selling by investment funds and individuals. None of this selling has anything to do with the fundamentals of Largo or vanadium demand. Remember when you invest in a mining commodity like copper,cobalt,vanadium, etc.....it is generally speaking a long term investment So ....you traders out there that arrived with 2000 shares and can’t resist sharing your wisdom with us slow minded investors....remember that a few of us have been buying for quite some time. Myself....only since last year...but I buy in 5000 share lots regardless of the price...to cost average in shares that are not being diluted at present...and seem to be under rational management...which is hard to find in Brazil and other South American countries. I speak from a position of owning real estate in Rio and having invested in Brazilian companies since 1999. If you think you have a better perspective...please put it in at least 500 words or more :) As a footnote for those who try to send me private messages....I can’t receive them because I am not a “paid member”. You can post whatever you want to say in public.
nowwhat....I like some of these marijuana stocks...just trying to sort through the stems and seeds trying to find the serious lab rats and some good CBD.
I saw you left me a message on coming back to the Billy boy adventure....lol. This is the first time I have been back here in a year. Sorry to post this on the public side but I don't have an account. You can find me at lgorf
I been waiting on this baby for a few years to complete this 'long term bowl' pattern. We may have to wait for a handle...but maybe not. Been accumulating shares of this over the past few months as the right side of the bowl started to define itself. Well here we are at the upper right side of the bowl (or cup perhaps if a handle is created)if it decides to define itself further before breakout. But breakout...we will have....most assuredly.
Take a gander at the 5 year chart and you'll see what I'm talking about. This is a case of technicals reinforcing fundamentals....or vice versa depending on your philosophy. After listening to the conference call trying to sort out the financial report there was an interesting question and response about institutions and high value investors possibly selling off some profits. That is what I attribute to today's selloff. They are turning a profit on this years run up and in defense of next years political and economic instability caused by....you know who
My gut tells me to hang around....my analytical mind
tells me most of the numbers make sense. Unfortunately I have an underlying paranoia of the market in general going into the end of this year. Looks like a major sell off in stocks is underway and you never know whether the microcaps will run against the market or with it sometimes. Either way I'm already on this for quite a few shares so unless it breaks below $3.00 rather quickly I'll be here for awhile.
You can all see the 'Vanadium' story....that is running sort of inline with the lithium and cobalt demand that has been created with EVs and electrical storage. Not sure if the primary driver is long term battery technology....short term Chinese steel production...or long term aviation demand....etc. Either way this is not a one dimensional mineral and should be worthy of some investment for the future. Those of you who know me are aware of my love for mineral commodities.
The average price in the bottom of the bowl is somewhere in the .40 range and the upper edge of both sides is in the 3.20 average. (that would be on the OTC shares). Interestingly enough the TSX chart would suggest it has already started its breakout if you are dealing in Canadian Dollars........
if you do the math you can calculate what the first leg up will probably be. I've already done the math....but I don't want to make it to easy so I'll let you guys run your own projections.
Here’s what I’m saying “Orocobre has been over leveraged for awhile and it is going to take some time to test the bottom here. At least it isn’t as overleveraged as LAC and a few other smaller companies in the lithium business. We’ll have to wait and see if Toyota is going to spend the money to make this their raw stock provider.
https://www.wsj.com/articles/glencore-unveils-5-6-billion-restructuring-of-congos-katanga-mining-1528828978?ru=yahoo?mod=yahoo_itp&yptr=yahoo
As soon as I read through the volumes of information on the settlement I’ll have a better idea about the positive significance of this “equity swap”.....
John....If you’re trading you’re supposed to be at your computer screen....not using stops :)
Thanks man....you seem like a pretty straight ahead person. There are so many good and bad things to say about ORE but I kind of gave up posting on most of the boards because it got harder and harder to say what you want without someone erasing your posts, etc. You know what I’m saying.
Well....to know what's happening there you would have to know Kabila or Gertler. But then again....they might be stripped of power. The only thing you can count on is 'the price of cobalt', 'demand', and the guy with the most equipment to get it out of the ground. If you look at Glencore they have $4-$5 billion invested in DRC and they employ over 12,000 Congolese. Do you think they will just be pushed aside? All I can say is the legal head fake recently gave a lot of people another chance to get in Katanga again at .50-.60
No one can guarantee human nature or a cure for ebola....but all things considered the government just wants more money....which I would vote for if I knew the money was getting to the people and not going into a numbered account.
Haven't visited here in awhile, but I see the same misspelled words and incomplete sentences about what's happening here. Since I haven't been here in awhile and I see there is some confusion over Orecobre's operational ethics :)
Good riddance for the exit of Richard Seville....Mr' Gladhand as he is known in mining circles. Spent 5 years milking and extracting every cent he could while Orocobre struggled to open. Since my first conversations with Seville back in 2014 as he was ramping up another lie about the opening of the facility....it would seem Toyota finally tired of his BS and offed him.
Orocobre's recent pop was because of Tianqi's purchase of 1/3 of SQM from Nutrien. That seemed to have stilted most lithium stocks.
I hear talk of SQM throwing in with Orocobre for their Argentine presence since they have an 'actual' plant up and operating. It seems that ORE would have to clean up their management first, by getting rid of people who send out the news a few days early. I think they were worried about consequences of the NIKKEI.
I do detect a hint of overenthusiastic cheerleading on your part taking the time to post all that dated bullshit.
You do remember back on that dart board a few years ago when I brought ORE through the door, and all that grumbling about my naivety about silver and gold and having the audacity to bring some “LITHIUM” through the door....what the hell! As we both know now...had you listened instead of riding that high horse down Biscayne Blvd., you would have profited handsomely buying at $1.20 and selling at $7 after a year or two.
AND let’s not forget Galaxy Resources which almost got me laughed out of that room full of trading losers !
At what .12 a share I believe....and then it went to .60-.70 within a year or so. All told....the idiots in that room could have made some good coin on those 2 calls......but they were to busy talking and posting absurd crap when they should have been ‘listening’. Oh well....maybe this time....huh John?
I would like some clarity here and how this litigation may have an adverse affect on a new shareholder.
John....since you have gone to all the trouble to post a years worth of articles....let me give you the answer!
Glencore/Katanga have invested around $5,000,000,000 in their copper and cobalt infrastructure, and they employ over 12,500 Congolese citizens. Some of the highest quality copper in the world, and the largest cobalt deposit on the planet. Copper has gone from $2 to $3 a pound in the past year and the chart is pointing decidedly up. Cobalt being a by-product of copper and nickel mining for the most part, and cobalt has gone from around $25 a kilo, to more than $90 a kilo in the past year (that’s $90,000 for a metric ton)...with a bullish chart. You tell me John.....you think any ‘litigation’ is going to slow down this bullet train?! NOT ON YOUR LIFE....
Also your both wrong I this one I will show you as well
Ok...just for arguments sake....what are you talking about? If I went back and looked at all of your posts, nearly every one has a grammatical or a syntax error. How do you expect people to take what you say seriously when you can’t bother to write something in simple English?
I’ll try to give you the best explanation I have. In so far as Orocobre .....as stated earlier I think that Seville screwed up the $250,000,000 gift from Toyota early on....like bungling the initial engineering for the plant dating back to 2012. Toyota trusted his judgment in the early days because of his experience in the mining industry. He was given almost complete control of the engineering and construction decisions, and because of his propensity to delegate ‘to much’ of the responsibilty he let things get away from him. i.e. wrong engineering specs. for the altitude, his unwillingness to live on site for a couple of years during construction and turning over responsibilty to the wrong people, being more interested in telling the board what they wanted to hear rather than the fact that created unrealistic timelines, his obsession with his own enrichment and willingness to lie and create inside trading opportunities for his cronies around important announcements. I could go on..but I think you get the point. I believe that Toyota is regretting their partnership at this point....but have no alternative now. I dont see a lot of reason to own it at this point. Because Toyota has the size and depth to bite the bullet in so far as Orocobre’s profit goes....as long as they have the guaranteed pipeline for lithium which they do have with ORE. It’s going to take them a few years to get the Jujuy operation running properly. They have realized that spending more money on sophisticating the hydroxiide plant in Japan and concentrating on refining the lithium to the grade they need there is a more controllable and efficient way to operate. Their interest really doesn’t reside in ramping up Orocobre into this mega lithium producer when they can set up offtake agreements with Albemarle for example and just feed their refining plant in Japan. The lithium universe has changed quite a bit since they started this project back in 2010. They will continue to improve and upgrade production in Argentina, but not to the degree that people that own shares would like to see. It will be a slow grind. I made quite a bit of money averging into Orocobre for around $1.60 over a couple of years, and Galaxy Resources for close to .07. I took all of the profits and bought Albemarle for around $80.00 and rode it up to $144.00; unfortunately I didn’t sell until it dropped back to $120.00. All things being equal I was fortunate to get in early on these. I rebought Albemarle at $88.00-$90.00 a share recently and I see no complelling reason to own ORE, LAC, SQM, etc. at this point to be honest. I stopped posting on Investor’s Hub for the most part because of the many people that used the board for ‘pumping’ stocks, rather than exchanging information. And....I couldn’t stand some of the imbeciles that took control of certain boards and ran them like their own personal Gulag. I spend most of my time reading and researching....and when people didn’t like the message....they atttacked the messenger. If you want my humble opinion I have loaded up on Katanga (in spite of all the polictical issues) because Glencore has a $5 billion investment in their operations there and employ about 12,500 Congolese citizens at last count. With that kind of money at stake they will hire an army of mercenaries if they have to. Not that I am hoping for that kind of outcome....but they are not walking away from the planet’s largest cobalt reserve, and high quality copper while prices continue to rise on both commodities. While everyone is scrambling for litihium they are overlooking the other cathode that is equally important for the forseeable future.
As far as the LAC board goes....billyjet banned me from there a long time ago because he didn’t like my viewpoint. Like I could care...lol. Well that’s enough for one night. Good luck on your investments. Just be aware that SQM has no real need for LAC anymore now that they have gotten back into good favor with the Chilean government. Ciao......I didn’t go back and check all of my spelling and puncuation, but I think you will be able to at least understand what I’m trying to say......unlike :)
So between Ebola, child labor, political murders, army genocide.....it's not a bad place to mine. I mean you got all the resources and you just have to pay off Kabila and you're in business
there are no adverse affects if you just buy the stock, don't listen to all the BS....and stupid politics. Everyone is jockeying for position and killing each other and calling it a political movement is de riguer.
It was meant as a joke (florida real estate)....you don't live to far away from El Presidente
Now there you go again John....lol better listen to Scotttrade and get yourself some cobalt. KATFF...Glencore just created a bogus political maneuver to run all the small holders out of Katanga. I even went back to get more in the .60 range, and I have a lot more of this than I had of Orocobre...
I never thought I would see you on a lithium board :) Good to see you got bored of 'metal du jour' and the dart throwing king, and moved on. I know your property in Florida has probably depreciated the past year or so with your neighbor...but you'll figure out a way to make it back :)
Yes....true...but Katanga is the one you want to be buying not Glencore.
Well...now that Glencore wiped out the small shareholders of Katanga with their BS story from Congolese politics...they will continue ramping up their operation and expanding the copper and cobalt refinement facilities. If you didn't have a chance to buy a while back when it was selling at .50 this was your opportunity to get in.
This will be headed to $5 before the end of 2019...maybe sooner.
Haven't visited here in awhile, but I see the same misspelled words and incomplete sentences by some detractors. Since I haven't been here in awhile and I see there is some confusion over Orocobre's management....let me pontificate :)
Good riddance for the exit of Richard Seville....Mr' Gladhand as he is known in mining circles. Spent 5 years milking and extracting every cent he could while Orocobre struggled to open. Since my first conversations with Seville back in 2014 as he was ramping up another lie about the opening of the facility....it would seem Toyota finally tired of his BS and offed him.
All the while this was happening there was this company in Nevada selling for .15 that morphed into a piston grease company and merged with a scam outfit out of Canada to become what we now know as an over leveraged Argentine company with little value other than if you counted the number of posts it warranted. But we'll leave that for another day. The reason Orocobre went up today is because of the Tianqi's purchase of 1/3 of SQM from Nutrien. That seemed to have stilted every lithium company except SQM and LAC. Seems that the Chinese acquisition has pleased some...but not others. I wonder where LAC will end up after Tianqi starts exerting influence over the management of SQM ? hmmmm?! Could be that LAC will be phased out when SQM makes a deal with Orocobre. SQM only propped up LAC to guarantee land leases in the event they were booted out of Chile. Now that they are back in with the government I hear talk of exiting the LAC deal and throwing in with Orocobre for their Argentine presence since Orocobre has an 'actual' plant up and operating. Part of the reason for offing the imbecile Seville who couldn't operate his way out of a wet papered evaporation pond.
Well...since I started this board back in what 2013? or was it 2014 Billy? Things have definitely changed in the world of lithium and (cobalt):) I'll be back occasionally to fill you guys in on the happenings. Meanwhile...don't get your hopes up just yet. Have to see what happens with Toyota's upcoming announcement with Albemarle's Chilean expansion and talked about off take agreement.
tell someone who cares
Did it ever occur to anyone here that some people like myself who rarely post and bring informative information about stocks 'before' they breakout i.e. Galaxy, Orocobre, ALB, etc. (with more to come) have something like 60-70 followers just by telling the truth and espousing facts instead of cute mid-western anachronisms. On the other hand I see people who have spent the better part of their lives on this board the past 5-10 years and they can't seem to gain more than a dozen or so followers? That ever give you pause? Think about it. Over the past 4 years I have initiated discussions in Western Lithium, Galaxy, Orocobre, ALB, and many others. I have been spot on in 13 out of 15 calls over that period. Do the math and see what my batting average is.
Maybe this is why I just bought another warehouse in Oakland to store 'physical cobalt' for whoever? Hmm let me see who is down the road ? Buying it by the metric ton and just storing it. Read up on the other mineral that is used in lithium batteries and you might see where I am coming from. :)
ciao...happy hunting
don't you ever get tired of ROC ROC ROC and !!!!!!! There are important issues out there that can only be done through intelligent dissertation, not caps and exclamation marks. Now that you have gotten your undergraduate degree in Lithium from NRCMEDIA UNIVERSITY, you can move on to your doctoral thesis if the idea strikes you. Bud is the sergeant at arms...so you can just register with him. btw I see LAC jumped way up (after a 5 for 1 stock split) lmao
Better hang on to at least one of those.....Billy might try to corner you in an alley one day and 'go down on you' ....lol
You know how he likes the smell of scrotum in the morning.
You guys are really enthusiastic.....problem is breaking $14 and staying above.
I will say having owned AMD along with NVDA @ $8 I might add. And yes of course I sold it for close to $10....lol I said to myself NVDA is never going to be anything but a good graphics board.
So there you go....
I bought into AMD last month thinking that eventually they are going to get a bigger share of the hot air currency market and probably corner the market in Afghanistan for computer processors, and last but not least I think I bought it because the self-driving auto market has so much upside that even AMD will make out eventually.
If you look at nothing else but the monthly chart you will see my point....it may take a few years...but NVDA is to expensive, INTC is like grandfather time of the chip business, and the rest of the chip
makers Texas Instruments, Motorola, etc are all to specialized to capture the largest part of the self driving market. JMHO
It's funny...since I left the board....no idjits pounding sand. I am wallowing in ALB from high $70 where I traded ORE for ALB. ALB is at $140 and ORE is close to $4......hmmm
Of course everything with lithium in it's name is going up these days even .....well you know who they are..lol
You gotta love this company. I have been buying and holding lithium stock for the past 4 years and KAT is my first 'cobalt' holding. I bought in a while back at .48 so this is like a vacation in a french brothel so far. I haven't posted on this site for quite some time because of the idiotic nanny monitoring. If you look at the monthly chart on this bad boy you will see why there is no reason to sell this stock until there is a new battery technology....or the Congo elects Donald Trump as mining minister.
Bud...couldn't take the double speak from Orocobre management anymore. Sold my shares for 300% gain and bought Albemarle for $80 a while back. Now at $112. Since they are the biggest and probably the best lithium company in the world I think I am safe.
ciao
I'd say that going from a 30,000,000 share IPO to 1.5 billion shares is quite a dilution wouldn't you say. And I was asked to buy shares for $1.10 in the first offering. Glad I passed on that one. We'll see what happens now that there are over a billion shares out there. I saw a glimmer of light when the first of the toxic funding took place...but that was back when there were 200-300 million shares outstanding. Not sure any news or product release could take this over .05 with the amount of shares outstanding.
Interesting...if they don't cut the legs out from under this one at .40-.44 and start shoving it down the buyer's throats. Bit of a misnomer here with the setup. Transgenomic takes Precipio as subsidiary....but takes the name Precipio? Always a little sketchy when the whale takes the krill namesake.....
Think I'll watch this one. The big fish may be looking to swim away in the .40's if they can sell enough shares. If it holds through the week. Then Monday, Tuesday worth a look.
sell? down here...you are kidding right. This has $3 written all over it by next year.
Most of you will read this when the share price has lifted off. If you had been following me you would have bought this at about $1. I am in with about 50,000 shares at $1.10 average...and expect over $2 this week. Why?
1) Closing $12,000,000 deal this week
2) URRE has one of the biggest uranium deposits in the US (think Trump energy initiative)
3) Lithium properties in proximity to Albemarle and Tesla in Utah and Nevada that are prime for deal with ALB (they need raw lithium)
I hate to gloat...but the same thing happened with Galaxy, Orocobre, etc. yet you didn't listen...and you didn't even look...shame on you for passing up all that $$$....you need to follow what I'm saying. I make $$
Do you guys even know what this company does ? lol
What is it exactly you want me to interpret ?
yes the payment of $5.25 is due then...but the sale price is actually $12.5 million...
Laramide previously agreed to purchase the Churchrock and Crownpoint properties for $12.5 million under certain terms and conditions previously announced.
but the real play here is with the lithium agreements coming...
Book value of this company is over $5 per share....and if you just took the ratio of assets vs. liabilities it's worth about $3. So any way you cut it this is way undervalued, and it is a NASDAQ stock not some OTC penny stock. It would appear that news is forthcoming on the lithium deals.
It is definitely in the neighborhood. ALB is one of my lithium holdings and I have been following their reports and filings pretty closely. I know that Albemarle is expanding their production trying to meet the demand from Tesla. I don't think they can produce the brine fast enough to keep up with their expanded production facilities and are looking at sourcing from other sites. A deal with URRE would fall right into line with what I have been reading.