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How could any sane person buy shares in LEXG?
I bought in the past, but now after all this history of reverse split after reverse split...you have to be an idiot to buy. No offense to anyone here. They will keep going, and no one is going to stop them from taking your money and printing shares.
Very promising drill results. I increased my position today on this dip. I see this company as very undervalued right now. With these results, we are looking at a long term play here. This could shoot up 5 or 10 fold like so many other junior minors have recently.
News! - Second Drill Rig Planned
The Company is adding additional meterage to the diamond drilling programs than what was originally planned for the Glencore Bucke and Teledyne Properties. LiCo is expecting the drilling contractor to provide a second diamond drill rig later this week. The current drill rig will remain drilling on the Glencore Bucke property, while the second drill rig will be used to test the drill targets identified by management on the Teledyne property.
Everyone stopped posting same day?
Incredible volume this morning. Very interesting.
Drill baby drill!
Drilling should have commenced yesterday. Looking forward to hearing about the results! Good volume today.
http://www.prnewswire.com/news-releases/lico-energy-metals-to-drill-ontario-cobalt-teledyne-and-glencore-bucke-properties-643925923.html
A lot of good info, thanks! Can you people share at the stockhouse.com board as well? Let's get the word out!
Over 4 mil shares traded on TSXV
Nice close! thanks for the charts. Today's volume is no accident. Some big players got involved today. Interesting!
Getting involved with Glencore is just huge. This company is way undervalued right now.
BIG volume today
Let's get these cobalt projects going! The world needs it.
Nothing but good times ahead if you hold long here.
I noticed some people talking about this company recently. I always read Matt Bohlsen's articles and he has been including LiCo in his coverage.
https://seekingalpha.com/article/4101612-cobalt-miners-news-month-august-2017
I think I'm getting in today.
You can't stop him, no one can. He's invincible. And rich.
Thanks, so with this week's activity I'd up that to 3.5 bil.
looks like dilution temporarily halted. How close are they to 10 bil shares?
I think that has to change, seems to be scraping the bottom levels. Reversal here.
big money generated today for LEXG...what will they do with it???
could easily run to 1.00 imo
This could be the start of the rally that surely will happen
Should be a reversal soon. Temporary reversal. This has been a blood bath, but it's time for the big boys to make some money. Look for a run up to about 50 cents. Then back down, unless they have anything positive to report.
This has been going on for years. You can't stop him. It's fascinating and sad at the same time.
When it hits trips I'll be back in. We know a reverse split is coming but there should be some major volatility leading up to that in the 000s with a few bumps up into 00s.
It sure is a relative term, and you've been around here a while and know exactly what I mean.
Gotta hand it to Alex this time for keeping the share price relatively stable while issuing MASSIVE mounts of shares.
City officials pushing for electric fleets:
http://www.seattletimes.com/seattle-news/transportation/seattle-joins-effort-to-press-for-production-of-electric-heavy-duty-vehicles-for-city-fleets/
There aren’t a lot of electric cars out there. They account for about 1 percent of U.S. auto sales. Still, if you want one, you can get one. There are Teslas and Volts and Leafs and Bolts.
That’s not the case with trucks and vans. There are virtually no larger electric vehicles available on a mass-production basis.
That’s part of why Seattle has joined with 30 other cities across the country to ask automakers about the cost and feasibility of providing electric vans, pickups and trucks to, gradually, replace the cities’ fleets of vehicles.
In January, Seattle joined with Los Angeles, San Francisco and Portland in sending to automakers a request for information — the first step in a formal bidding process — indicating the cities’ eagerness to buy or lease larger and heavy-duty electric vehicles for their fleets. They’re looking for electric police cars, SUVs, vans, pickups, dump trucks and garbage trucks.
Traffic Lab is a Seattle Times project that digs into the region’s thorny transportation issues, spotlights promising approaches to easing gridlock, and helps readers find the best ways to get around. It is funded with the help of community sponsors Alaska Airlines, CenturyLink, Kemper Development Co., Sabey Corp., Seattle Children’s hospital and Ste. Michelle Wine Estates. Seattle Times editors and reporters operate independently of our funders and maintain editorial control over Traffic Lab content.
Learn more about Traffic Lab »
The four West Coast cities were quickly joined by 27 other cities, including New York, Chicago and Boston, whose officials wrote to automakers about the “high demand for electrified transportation in municipal fleets.”
The cities have received responses from nearly 40 companies, touting their electric capabilities, according to Michael Samulon, a policy analyst in Los Angeles’ Sustainability Office.
The cities have an obvious interest in adding electric vehicles to their fleets, but there’s also a secondary motivation to their request — to use their combined market weight as a financial incentive for automakers to kick-start more electric-vehicle development.
“Besides reducing the pollution that we’re directly accountable for as a city government,” said Chris Bast, climate and transportation adviser for Seattle’s Office of Sustainability and Environment, “we want to get as many of these vehicles out there and available so that our residents have experience and they’re available for purchase.”
“Leading by example with our fleet is a key thing we’re doing.”
The cities’ actions, intended as a prod and in preparation for a future purchase, are just a request for information. They’re not committed to doing or buying anything.
But their purchasing power is significant.
Combined, the 31 cities have about 114,000 vehicles worth more than $10 billion.
That’s equal to nearly three-quarters of the approximately 157,000 electric vehicles sold in 2016, according to EV-Volumes, an industry analyst.
Seattle has about 3,000 vehicles in its fleet, with plans to purchase about 850 over the next three years, Bast said. About 25 percent of the city’s passenger sedans are electric, but passenger sedans make up only about 500 of the city’s 3,000 vehicles.
Since Seattle’s electricity comes from hydropower, a higher percentage of its emissions come from transportation — gas-burning vehicles — than in other cities that rely on fossil fuels for electricity.
Bast said the cities’ request to automakers has been in the works for about a year and is not a response to the climate-change policies of President Donald Trump.
Still, the contrast is hard to ignore.
Trump last week announced that he would look to roll back Obama-era regulations that require cars and trucks to improve their fuel efficiency by 2025. And Trump’s federal budget blueprint, also released last week, contains severe cuts to the Environmental Protection Agency and to climate research.
“We’re not spending money on that anymore,” Mick Mulvaney, Trump’s budget director, said about climate change. “We consider that to be a waste of your money.”
Seattle, obviously, disagrees.
Mayor Ed Murray announced last year a goal to cut greenhouse-gas emissions from the city’s vehicle fleet in half by 2025.
The city’s current budget includes about $1.7 million for electric-vehicle charging stations: 20 scattered around the city for public use, and 150 in the city’s municipal tower for its fleet.
“The urgency of the climate challenge doesn’t change with whoever is president,” Bast said. “I think, especially in the context of the current administration, the role of cities to lead on climate is more important than ever.”
This is a great one to hold long term. Steady increase for PPS over time for LAC. They will get there, most other juniors will not. That's the reality. They have the right partners.
Some local Nevada press coverage:
Lithium Nevada Corp.’s president, David Deak, is optimistic that there will be demand for lithium coming from the company’s project near Orovada in Humboldt County once the site is developed.
“The growth potential in the market is massive,” said Deak, who also is a senior vice president and chief technology officer for parent company Lithium Americas Corp.
He came to Lithium Americas last June after two years with Tesla Motors Inc., which manufactures electric cars, so he saw the potential. Batteries use lithium.
“The project has the potential to be one of the largest lithium producers in the world,” he said of the site in Kings Valley that covers 37,64.6 acres.
The Lithium Nevada project would involve open-pit mining of deep clay that contains rich lithium deposits, and a processing plant would need to be built and the overburden removed to reach the richer lithium.
“A lot of effort this year is refining the engineering efforts and maximizing the flow sheet to become one of the lower cost producers,” Deak said. “We’re working on fundraising and development efforts.”
Lithium Americas is generating revenue from the site now, however, by mining overburden for the RheoMinerals plant in Fernley, mainly for drilling mud. The clay is mined as needed to supply the plant so there aren’t full-time operations on site, Deak said.
“We did campaign mining and are still using the material. When larger orders come, we will go back out there,” he said.
RheoMinerals is a subsidiary of Lithium Americas.
The project near Orovada would produce lithium hydroxide from the “very rich, dense clay,” rather than from brine, Deak said. The project would be the “most sustainable way possible.” Efforts will reduce the carbon footprint and be mindful of surrounding habitat, as well, he said.
Deak foresees the Nevada project possibly being in operation in 2021. If it goes into full production, he estimated the project would employ roughly 200 people.
“It will provide a lot of economic advantages to Nevada,” he said.
Lithium Americas subsidiaries in Nevada employ roughly 50 people now, according to Catherine Clark, environmental director for Lithium Nevada.
A lithium brine operation in Argentina is closer to production than Kings Valley, Deak said.
“We are on the verge of starting construction,” he said. “The worker camps are in place. Production should start in 2019.”
The Nevada Division of Minerals is behind a bill, AB 52, that would make it easier to explore for lithium in Nevada, but the bill targets exploration for lithium in brine so it involves water rights. Deak said the bill “really doesn’t apply to us.”
Western Lithium USA Corp. changed its corporate name to Lithium Americas Corp. effective April 1, 2016. Lithium Americas is based in Vancouver, British Columbia. There is a Reno office for Lithium Nevada.
http://elkodaily.com/mining/lithium-nevada-president-expects-lithium-demand-to-grow/article_10a319a7-0ac0-5f84-8beb-d382c4a76ebf.html
Going to be a nice and steady climb from here to production.
Go LEXG!!! weeeeeeee
WOW! LAC fully funded for SA project!!!
Our patience has paid off...go LAC!!
This board needs some energy for sure. If you want more thoughts you can checkout Stockhouse board, lots of activity there today:
http://www.stockhouse.com/companies/bullboard/t.lac/lithium-americas-corp
Congrats to all shareholders!!!
Potential of BIG revenue!
Keep running LEXG!!!!
LEXG is exploding today
LEXG's time has come? Could be!!