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https://www.mining.com/web/global-commodity-shock-enters-next-phase-with-recession-test/
Shares in lithium producers might finally catch up with the spike in lithium prices. Optimism around battery metals at PDAC recently in Toronto suggests that big money — especially from generalist investors — may soon flow into the lithium market. Solid demand recovery in China will help the market soak up additional supplies on the way, including from top producers Albemarle Corp. and SQM.
Thanks Capt for the tips! Hope things are well w you
Day is still long brotha!!
This ticker has gone thru tons of RM w nothing to show for. Amazing!
Piedmont Lithium looks abroad amid North Carolina uncertainty
SYA got the gold!!!
https://www.reuters.com/markets/commodities/piedmont-lithium-looks-abroad-amid-north-carolina-uncertainty-2022-06-22/?fbclid=IwAR0ivGfnhm4xy-U3Vj-2w7AzBTgINl8HT15SaVd2N49fzM6oVjQXJAqoVOs
Bad gas exploding?
Hey thought I respond here since I cant PM you.
Thanks for sharing this info. It (the chart) looks the good old days lol. I have not been playing this kind of trades for awhile but seeing the chart makes me quite want to try it again :)
Dont worry about the message. I cant see the PM sometimes. I also know the guy you mentioned that keeps bashing the stock.
Hmm, now I am watching SNPW. I think you were on that too right? If the price is right, it mayb be a good opportunity to get in.
Need to find more TXTM though and start playing again
Cheers JC
Have a good night
Its all BS that GS put out. They should not have that much power to drive this. Lets hope today in Aussie is a false drop..I doubt it will recover during the day but lets hope so $$$
Hi TC
Thank you for the well wishes. I am still recovering but hoping for the best :)
Yes I was hnder the impression we found bottom couple days ago, then we dropped again today :(
Lets hope the bleeding stops. It has to, pretty sure we are way under book value at the moment
LB
Hi JC
I cant see your PM but will respond when I can. (no longer have PM access though). Thanks for sharing info :)
Cheers
Correct me if I am wrong. That investment only costed him $2300?
Hope things are well w you J
Wth is going on w this?
Thank you TC.
Looks like a lot of deals out there for ppl w cash. Lake, Core, Sayona etc. Time to look around for non performing (which is most due to the market condition lol) and move it into some Lithium and other stocks.
Are you in IBAT as well? Me trying to find fun to get into IBAT and CXOXF.
Have fun in your riding. Gotta take that opportunity to be out there when you can or when you are healthy. :)
I am going for a surgery tomorrow and probably be back online on Monday. Hoping to see this rise up to above $.11 when I return LOL.
Yea I am overly surprised. I wish I sold at .28. Knowing me though I would hold. Need to start thinking having 25pct for flip and 75pct for long term for any stocks I have.
Have 1 stock went up to $14, down to $4, up to $11 and down to $4 again and I did not sell on both occassions. SMH
Lets hope for the best. This is already below capital raise price and it boggles me it kept going down.
My favorite was
My overall impression is that they will indeed hit their goal of March 2023 and would not be at all surprised if this began even sooner. It was by no means a ghost town, as there were workers busy doing tasks all around the property.
Post from Hot Copper
Current value $1.23B
NAL $1.23b (real value closer to $2b I would suggest)
Moblan $0
Authier $0
Tansim $0
WA Lithium $0
WA Gold $0
No debt $0
Derisked $0
Positive cash flow in 9 months $zero
Anything else I have forgotten $zero
I call BS on this? Anyone else agree.
SYA Price at postinq: 14.5¢
Sentiment: Hold
Disclosure: Held
Soon to lose nasdaq status
Yes I am holding a few TMRC - 1,500 shares. I wish I have the fund to buy more.
I also added 45,000 shares of Sayona in my 401K today and almost reached 1.5M in my 401K. So if this ever go to $.50, I would be quite set for my retirement. i am 40 yrs old and as long as I dont screw up, hopefully that is enough lol.
Its a bit disheartening to see $.28 to $.10, could have more than doubled my position. But no one can predict the future or price movement.
Didnt know you can trade premarket on otc
Based on the link, if I am not mistake, he has 120ish mil shares. Thats roughly less than a percent if what he has :)
Lets see if bleeding stops soon $$$
Thank you for sharing the info
Recovering nicely on ASX. Hoping to see $0.16 close. With the rate hike behind us, putting news in the next 1-2 weeks, on off take agreeement would give us a nice boost of recent low.
There seems to be pressure on ASX side. It has been down yesterday and today. They also did a rate hike that is higher than expected per the news :(
I am not an economist. But something has to happen significantly - huge recession and people are not buying cars/ electric cars. But even then, the EV manufacturers have been building plants every where. So i doubt that would be an issue.
Thank you for the post. I agreed. Supply > Demand. It takes years to start up a mine. I don’t think we could catch up to demand soon enough.
Good if you like money lol
Thank you for sharing TC. I will be back in the states on Sunday (landed at 9AM)
Not sure if this is posted
https://www.lapresse.ca/affaires/portfolio/2022-05-30/industrie-miniere/sayona-a-la-veille-du-decollage.php
PHOTO PROVIDED BY SAYONA
The La Corne mine, in Abitibi-Témiscamingue. The site has a lithium mine (temporarily shut down since 2019), as well as a lithium concentrator which is still missing certain components to be operational.
The Sayona mining company is well positioned to carve out a place for itself in the battery sector. However, it must find the right partners and hope that all its projects in Abitibi-Témiscamingue and Baie-James will go ahead. Sayona CEO Guy Laliberté explains how Quebec could become a lithium champion on the continent.
Posted yesterday at 8:00 a.m.To share
Stephane Champagne
STEPHANE CHAMPAGNE
SPECIAL COOPERATION
According to Mr. Laliberté, Sayona, owned by the Australian Sayona Mining, holds some 100 million tonnes of lithium in measured and indicated resources in Quebec. This places the group's Quebec subsidiaries at the top of the North American pyramid.
If all goes as planned, the company could soon operate the only lithium concentrator in North America and, possibly, carry out high value-added secondary processing.
By acquiring the La Corne site in Abitibi-Témiscamingue in 2021, the mining company got its hands on a lithium mine (temporarily shut down since 2019), as well as on a lithium concentrator which is still missing some components to be operational. Sayona therefore intends to invest nearly 75 million in the short term so that everything will be operational within about a year. The site would have a capacity of 180,000 tonnes of lithium concentrates.
PHOTO PROVIDED BY SAYONA
Guy Laliberté, CEO of Sayona, wants to make Quebec a lithium nerve center in North America.
Our goal is that in the first quarter of 2023, we can operate the mine and start making lithium concentrate. Then, during a second transformation, we will see if we turn to the production of lithium carbonate or hydroxide
Meaning what?
I think pre-production we will be $.75 and higher and lower than a $1.
Q1 Production. - wondering what share price would be lol. Thanks for sharing
Was it at $.18?
Thank you for sharing. Looks like with the conversion fee into final product, SYA could receive higher margin (hopefully)
Its the perk of being on vacation lol
I am not much of a chartist but I would have to agree. Hopefully we see new high coming in the next 2-3 mths. The last time (if I remember correctly) we dropped and then rose to new high after capital raise
Trading Halt for Capital Raise
I have been waiting for the DFS too. Hopefully we hear something soon. Thanks for the reminder:)
Ahh thats what I thought lol. Definitely looking forward to new high soon. The auction of spodumene definitely supports us getting into a new high.