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Now that everything is approved, when is LAC actually going to start delivering on the Thacker Pass site? Does it take another year before they can actually deliver product to customers?
The pros and cons:
Pros = Really nice car. Volvo has great brand appeal. Polestar got great reviews.
Cons = Volvo is 100% owned by a giant Chinese company Geely which is basically the CCP. They are playing games by having company names like Volvo Cars, Polestar, etc, etc and building factories in USA but is is all Geely and nobody is allowed to audit the financials of Geely.
Why are the banks not going up in a rising interest environment? All the talking heads on TV said at the start of the FED hikes that banks will do good because higher interest is good for banks. Not so. They are going down. Why?
I used to think that if you raised interest rates the banks would go up since they make more money on loans. Everybody is raising interest rates and bank stocks are not responding. Why?
Back in the day LYG had a great dividend and good share price. Let's hope we are headed back up.
Nobody watching MSCI? They have one of the best and most dependable charts around and a good dividend.
The problem is that once it is all over DIDI will not be allowed to make big profits. Profits all go to CCP.
The big thing SLI has going for it is that they are simply taking the brine already mined by another company and extracting LI from it. Since the existing company has been operational for decades there is no environmental issues and they can start almost immediately. The downside is that they only get 30% of the profit.
This earnings report will be important - we need to see some product and hopefully they will deliver.
Waiting for the infrastructure bills to get finished.
RCKTF - anybody following this? Any DD somebody can post?
Here is my first impression:
1) Canada stock market is full of fast talking companies that really have nothing.
2) In the world of mining, most of them simply buy mineral rights for very little money and then hype the hell out of it.
3) They make sure they stick a good buzz word in the company title - in this case "Lithium".
4) Their goal is to generate a lot of interest: "We are about ready to get started mining. Get in now!". If they can hype the stock up they sell. If they are real lucky they sell themselves to a big company.
5) Once in a blue moon one of these companies actually does manage to do something meaningful and you can get a good company out of it.
6) In their yahoo description they cite all the "rights they own" just like all the others.
However, today they announced that they were starting a LI processing factory in Germany scheduled to go online in 2024 at the cost of mega millions.
Maybe there is something here, maybe not. I will look for more info.
In today's world 2024 is forever.
Anybody have any DD on this stock?
I think what all the big stock analysts are missing is what Elon has been screaming from the rooftops forever. Even today on Twitter:
******
Elon Musk
@elonmusk
Replying to
@alex_avoigt
Manufacturing will be Tesla’s long-term competitive strength
1:06 PM · Oct 2, 2021·Twitter for iPhone
***********
The idea is that GM, F, VW, etc, etc have not fundamentally changed their manufacturing scene. TSLA has decided to "injection mold" most of the car. TSLA got the best metallurgist in the world and figured out how to injection mold the whole back (and front) section of the car. This eliminates 300 robots!
Assuming that it actually works in production environment, which we will know very soon, TSLA will be able to bang out cars at a faster rate and lower cost than anybody else. Meanwhile, on the AI front, going all vision allows TSLA cars to drive anywhere without the need for geofencing.
Neither of these items are reflected in current EPD and price targets.
Post Mortem
For those interested, CNBC spent 20 minuted glorifying UMG and pointing out how the stock is up 40% since IPO.
I checked into it.
The stock is down on the 1st day of trading.
And it is down almost 10% since IPO on Sept 21, 2021
CNBC is playing the old game of pretending that what a stock is priced at is what it opens at for the public to buy.
As I am driving home I wonder to myself: "How are the networks going to spin this much good news from TSLA?"
I turn on the radio and it is Bloomberg network. They spent 20 minutes discussing a lawsuit against TESLA because someone felt uncomfortable in the workplace. Bloomberg then reviewed a email from long ago where Elon said you are not going to get promoted just because you belong to a underrepresented class and it was presented as though this showed bias.
GM and F alone spend over $5B on media ads and that is the full year's salary for 100,000 media workers. Add the German auto ads and Japanese auto ads and there is some real money at stake here.
Then add in the unions who Biden has sworn allegiance to and you have a real problem. Biden cares more about unions than anything. He will gladly punish TSLA (witness the Biden EV media highlighting GM, F and the unions - no TSLA. Also note current legislation with big $$$ for union cars only).
The big danger for TSLA comes from the Government and big media.
We are in the 1st inning of that fight.
Tragic to watch a country try to destroy its best leaders.
The solution? Perhaps A good sized TSLA ad budget but only for people fair to TSLA.
Cramer interview was very significant. He does DD before allowing anyone on air. If you do make it on air you get a positive review and he will call you back for future update. Mad Money is CNBC's biggest rating show with over 380,000 viewers.
Very exciting time. TSLA announced that it has patented rights for chemical engineering scheme to leech LI from brine. TSLA signed a deal with PLL and the stock went up 96% this year.
Please note that all a lot of these mining companies have is mineral rights to some area. You or I can do that. Exploration, testing, political approval and developing a plant costs a zillion dollars and takes forever. A lot of these companies just want to promote the hell out of their rights and then sell them to the highest bidder.
The great thing about SLI is that they are producing right now and all the paperwork was done decades ago by Lanxess. I think Laxness is a german company and subject to german taxes.
I hope SLI concentrates on the short term future - how much can I produce right now for the least money. Ramp up the processing. All the brine that Laxness has processed and put back in the ground over the last decades can be brought back up and processed for LI at very little cost.
Follow the money and not the crazy glitter of imaginary mines.
Also, it is true that just the big belt of brine running from Texas to Fla, which we are in the middle of, is way more LI then the world will ever need.
Anybody watching this? the infrastructure bill should resolve one way or the other soon. Hopefully we will then see some decision one way or another.
Not a sentence in the WSJ article about RLFTF. Not even a word. Makes it sound like RLFTF has no rights or any insolvent in the matter.
The problem with big government is everything is vague rules that nobody can understand and no government official wants to allow anything to be authorized to happen because they will be blamed for it.
ChiComs are real paranoid about letting any "secrets" out of China. In order to IPO you have to explain all about your company in detail. But details about your company can be considered state secrets. It's like the mad hatters tea party in Alice in Wonderland - when is a secret a secret and when is a secret not a secret. If you say "we had x % gain is services in area Y" that could be a secret.....or maybe not a secret.....
And the government is not going to tell you that you are violating the secrets rules until they charge you.
What is the story of PTRA warrants = PTRAW?
Have they changed the warrant expiration date in the latest S-1 filing?
I cannot believe how dead this thread is.
Ackman is on the move:
https://pstontine.com/wp-content/uploads/2021/06/Pershing-Square-Tontine-Holdings-Transaction-Overview_vFinal.pdf
Well, now we know what is happening.
Here is the interview:
Up 7.7% in a really terrible down market?
There has to be some news somewhere!
I can't find any.
Has anybody heard anything from a credible source?
Anybody have any idea when this SPAC converts ?
Lawsuits are part of the game. Take almost any stock and look at the Yahoo News feed. there will be 2 or 3 lawsuits going on all the time. Lawyers make a living of combing through the SEC filings and looking for any possible thing to sue on. There is always something missing or not stated correctly. These are usually nuisance suits hoping for a pay off to make it go away. Kind of like Ransom Ware.
Why is VIEW down 8% today?
Yes and on any given day in the USA over 100 people die in auto accidents.
3,287 deaths per day worldwide.
Tesla ownership reduces that number by a lot.
Biden does a virtual tour of Proterra.
What happens?
ACTC +15.64%
ACTCW +29.71%
Tomorrow is super big international "Climate Change" day.
The train is leaving the station....
I notice that this is a NY Times article and throughout the article they try to make it look like Tesla is totally unsafe.
Typical NY Times hit piece on someone they don't like.
Tesla does not buy any print or media ads and therefore is the enemy of all media.
Things the article does:
1) Talks about "nearly two dozen similar cases under investigation" - Wow - an epidemic! Take them all off the road!!
2) "It took 4 hours and 30,000 gallons of water to stop the fire". - Look out - don't go near this car because any fire is a death trap.
3) They talk about the great concern the us government has over this issue (ie everybody please tell all your friends how unsafe and terrible this car is).
4) NY Times says "Tesla, which has disbanded its public relations team, did not respond to a request for comment."
5) Then they rehash the time in 2016 when a Tesla ran into a truck.
We have no journalist in the USA
We only have advertising companies giving us the news.
When real auto drive starts there will still be deaths, as Elon has said, because there are millions of possible circumstances but it will be much much fewer death than if humans were driving.
NHTSA says an average of 102 people die every day in auto wrecks in the USA.
How many of today's deaths were covered by the NY Times?
Is anybody watching LI?
What a fuck up!
Their stock i going down, down and they decide that is a good time to do a secondary offering.
Beyond stupid.
Anybody know when ACTC will convert?
Does anyone know when the warrants expire?
That is good news.
ACTC is Ignored because it is in the business of EV busses. Someone once said that there are only about 4,000 new busses made per year.
What everyone is missing is the fact that Biden, along with Europe and China, want to demand that all ICE vehicles are taken off the road and replaced by EVs and do that soon. There are about 1 billion cars on the road. Replacing them by force of law means an enormous number of new vehicles. that is why F, GM and Volkswagen are all up 200% in the last year. They have never ever gone up that much in a year.
ACTC is the leader in USA EV busses. BYD in China is bigger but not USA company. If you replace all the busses you have a godawful amount of orders ahead in the near future for ACTC
From March 15, 2021 report:
- Full year revenue increased 32.8% year-over-year to $32.3 million in spite of the impacts of the pandemic
- GAAP loss from operations improved 16.1% year-over-year; adjusted EBITDA improved 27.7% year-over-year
- Completed the announced transaction, raising gross proceeds of $815.2 million resulting in $518.3 million of cash on the balance sheet at transaction close, after retiring existing debt
- Recent customer announcements include Uber, Dallas Forth Worth International Airport, Tavistock Development Company, Oxford Property Group, Google, Nuveen, and others (see below for more details)
I agree it is expensive to install but the trend is moving in their direction. If Biden is going to throw a lot of money are retrofitting buildings for eco revolution, then maybe some $$ there for VIEW. Recent big contract for Dallas airport.
I wish they did not name their company after a verb - impossible to search.
Pretty much as expected:
Warrants get crushed.
Now that they are out of the way Tillman starts getting hyped up:
Here is Tillman today:
I am glad there is at least one other person invested.
Wen do we convert?
Any ideas?
The consolidation is over, right?
So you want to buy options, not warrants.
Note: they can call in the warrants anytime they wan to.
The next move will be to kill as many warrants as they possibly can by keeping price low and calling in all warrants. That should happen soon.
Then, after the warrants are killed off, they can start doing business.
What call option? There are no options in SPACs.
I assume you mean the warrants?
They do not work the way you think.
You buy the warrants
The company does not want to have the warrants execute because they have to issue new stock.
So once the conversion is done, the company immediately resets the expiration date for warrants to a short time in the future (like a month or two).
They then try to make as many of the Warrants underwater as possible.
After everything is over, they then try to rally the stock.
This does not happen every single time but it happens a lot.
What call option? There are no options in SPACs.
I assume you mean the warrants?
They do not work the way you think.
You buy the warrants
The company does not want to have the warrants execute because they have to issue new stock.
So once the conversion is done, the company immediately resets the expiration date for warrants to a short time in the future (like a month or two).
They then try to make as many of the Warrants underwater as possible.
After everything is over, they then try to rally the stock.
This does not happen every single time but it happens a lot.
IMHO, officers leaving and Chamath leaving make you want to question what is going on.
Chamath is getting hosed in the market with all his SPACs and PIPE investments. When you are the primary force behind IPO B, C, D, E, F and a ton of PIPES and the market does a correction, then you have to raise capital in a big way. Perhaps that is why he sold so much.
The idea of SPCE is a great one. Start with tourism and evolve into point-to-point travel. Any two points on earth in 3 or so hours.
Perhaps the question a lot of people are having is: does the engineering work? It would be smart for Branson to have a public interview with his top engineers and assure the public that the engineering does work. Also give us a plan on what they intend to do instead of some kind of vague test ride in a month or two with flights in 2022.
The public and shareholders want assurance that everything is OK coming from the mouth of people that know what they are talking about. How about some NASA engineers?
Incidentally, the SPAC from VIrgin was a flop. Everybody thought Branson was going to IPO Virgin Orbit which would have been an intelligent choice. It looks like he was just trying to socialize and rub elbows with the rich tech people. He needs to explain this one in detail. So far it is just vague hand waiving.
Just my two cents:
1) When a SPAC converts the new owner wants to wipe out all the warrants because they have to issue new stock for every warrant that converts.
2) So what they do is immediately call the warrants in. In our case Monday is the last day warrants can be converted to stock.
3) So from a business point of view after Monday is when you want to start promoting and doing whatever you can to make the stock go higher.
Right.
CFII vote takes place on March 5, 2021 = Friday.
Usually there is a sell off after conversion but we are so low maybe that does not happen.
IMHO, Bears say there is a glut of vacant office buildings so no stampede of new construction. They disregard the backlog of orders.
However, even the bears admit this is a great stock for the long run. The 800 lb gorilla in the world of advanced window technology.
It would be nice if they could miniaturize the technology and get it into residential homes. High end homes would love to have it. No more shades. If you want to block the light, VIEW can make light go to zero, etc