Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
I think we may see the $0.10s US unless we get news.
Yes Sir!
FTSSF (Electra) long!
Thanks for the message and I am glad you have this one, which is a very good stock. I don’t hold it as I already have enough with 3 others in the sector, but Pilbara is a winner for sure.
GLTAH!
Hey Etailer, I am happy that things are looking better for you. I have been in this one for a while and I am long and strong. I am not sure if you are in the other sector we shared in the past, but it is doing well in case you want to check it.
Best to you!
You continue doing what is best for you and pay no attention to the noise, especially noise from any self-proclaimed gurus. Namaste to you.
Maybe so, but there are always exceptions to that price correlation so it is not perfect. By the same token, stocks in the same sector can temporarily track each other daily or in time averaging or proce parity, albeit not always. You do show a double standard and you should let him do whatever he wants without those comments. I think that you should more respectful of the poster, who is doing a good job in this board. He even answered you with a nice Namaste, which your attitude does not deserve IMHO. Perhaps it is your judgment or mental condition that should be questioned when you recently stated that you were 100% in HGEN with no diversification?
D4 suggests that you have a mental issue because you like to correlate the two stocks. I don’t have an opinion one way or the other regarding such correlation, but I encourage you to continue doing it if you believe in your methods. I do find quite ironic that D4 turns claims that HGEN’s drop is entirely due to XBI, ….so we should interpret it as a near perfect correlation of R = 1? Talk about double standard….. LMAO!
I made some of my best profits by doing swing trades with LAC and a few others I own (e.g. OROCF, PLUG and a couple in cannabis). It worked very well for me, because it was easy to predict the swings, especially for LAC where the long term RSI worked like a champ. I stopped doing it last year as the cycles were not as predictable perhaps due to COVID or other factors. It may be time for me to consider it again, but I will probably continue to maintain a large core position and play The swings with 20%-30%.
Thank you ImTC. I am going to try to gather funds for at least one or two more buys, but I am not sure that the stock will wait for me.
I also don’t think that the decision to buy or not to buy Millennial Lithium will have much impact on the timing to produce at Cauchari. Perhaps it has no impact at all. I was upset about delays previously; some were justified while others were not. Now I think that the company has been proceeding expeditiously this year. We need to be patient as these brine projects are more complex than a spodumene plant. It will happen and the lithium prices should be high when it does.
I also think that the retrace today is filling the gap from last week from approximately &32.7 to $33.7. My hope is that the stock spends some time at these levels for strong support. There is always a chance that we me fill lower gaps, but hopefully we stay above $30. Another good announcement would help.
I bought years ago below $0.1, but I sold with minor profits. I came back earlier this year. My share ownership is not quite your figures at an average slightly above $0.2. I may try to add another 10k to 20k shares if there is a dip opportunity. This is a long term hold for me unless something catastrophic happens, but I doubt it will as the CEO is starting to deliver what he promised and has vision. Next year and beyond could be very exciting, but I hope that any share consolidation will be timed properly.
FTSSF (Elektra) long!
$37 US would be awesome, but I still suspect a retrace si it finds good support in the low or mid $30s. I will not blame any politician for it…..
Please add some magnets next time to support the cause!
Great post Monroe.
CYDY LONG!
Very smart to diversify a bit.
FTSSF/Elektra long!
The market does not seem to mind, but we should wait a few days. I also keep thinking that we may not have seen the last chinese bid, but we shall see…..
LAC stock has to cool off eventually, even thoughit has surprised us many times before. I would be very happy if we could find strong support above $30 US. I am curious about what your straight lines say.
I picked up another 45k shares at $0.1111. I usually like to bid with palindrome numbers, but four 1s feels quite good too. Most of my stocks in lithium and similar sectors are going up today (e.g, LAC, FTSSF and PLUG). The exceptions for me are Sayona and Orocobre. I don’t mind as I am still in accumulation mode with Sayona. It will take off like a rocket soon. GLTAH
I would not be surprised if more bids come from the bigger boys, but I would not mind if LAC gets it. I am not a fan of dilution, but sometimes it is necessary and better than financing if the sector and prices are booming. This is one of those times and companies are aggressively accumulating resources, which will pay a nice premium for many years. Pastos Grandes is a good brine resource and already proved that it can produce battery grade carbonate through its pilot plant and test evaporation pond. Cauchari East is also good and it is right next to our Cauchari, so it is perfect for a future expansion phase or to simply provide more more bribe. I still would like to see the numbers and terms, but I don’t think that the effect of dilution will be long lasting and I think that the company should benefit greatly from these acquisition. In a way, it will make up for the selling of 51% of Cauchari to Gangfeng, which was a mistake IMHO. We will see what happens, but I smell another Chinese bid possibly coming….
Oh yes! How could I we forget the legendary and even less popular Billyboy….
Good job! I did sell about a third and put it in lithium, where it has done quite well. I should have sold more and follow what you did. I am still well above 50% in profits, but could have done much better. Oh well….
Perhaps, but it is frustrating to see this drop almost 50% since the highs shortly after the takeover of Liberty. I take some comfort in that it is probably temporary, that it is occurring across the sector and that I have much larger investments in other sectors. Nevertheless, it sucks right now….
Hi Ks. They are conducting tests to determine if Authier’s spodumene is suitable for lithium hydroxide conversion and batteries in general. Preliminary results were good, but I believe that more results are expected soon. I have not followed it closely, but there are a few announcements and the usual posts in HC.
https://www.abnnewswire.net/press/en/106054/Sayona-Mining-Ltd-(ASX-SYA)-Tests-Confirm-Authier-Delivers-High-Purity-Lithium-Hydroxide.html
I would not be surprised to see Sayona acquiring in the future other mines near NAL, Authier or Tansim. Jourdan Resouces (MC < $10M), Vision Lithium, Musk Metals or the Chubb mine are potential targets. However, I think it would be wise to wait until next year. I really don’t want another CR now, and I want the SP to resume its recent uptrend. It would be better to make such offers when we get over the $0,2s and $0.3s.
Looking forward to Novonix results,, offtake agreement and BAPE (easier to Authier since lesser impacts due to no processing there).
Back to LAC…
While I am a bit concerned about LAC’s offer for Millennial Lithium, I do think it is a good move if the finances can handle it. The two sites make sense geographically and can be incorporated in future stages of expansion. There have been lots of recent acquisitions in the sector, because it is important to get resources to withstand the high demand that is coming. Most real players are realizing it and are doing it with brine and spodumene: Orocobre with Galaxy and Advantage Lithium, Sayona with Mobland, Pilbara with Altura, Posco with Galaxy, the Chinese companies during the last 3-4 years, and several others. I think that LAC needs to do the same to ensure many decades of production, especially in Argentina. On the other hand, I have been pushing for production at Cauchari for several years, and I was disappointed about the delays (partly justified), where we lost at least a year and could be producing now. In addition, I was never a fan of the 50%+ with Gangfeng, which was too generous IMHO and could eventually bite us in the a**. LAC should have kept at least 2/3 to have more control and enjoy more profits, just as Orocobre did with Toyota, But all of this is in the past and I feel that the company is doing much better now. Let’s hope that production at Cauchari comes soon and we start enjoying the nice profits while they make progress in Nevada. It is great to see the $30s.
Thank you for your excellent post and I second your recommendation that politics don’t belong here. There are plenty of sites to watch and read about politics and the screw jobs from both parties, which make me more of an Independent than ever before. We don’t need to be saturated with more politics here.
Thanks again
Very disappointing lately. I hoping for a turnaround after the quarterly, but doubting it….
Bigger boys reporting this week: ALB, SQM and Livent.
This could move the sector a bit, but Sayona announcements will be more relevant to SP.
Agree. I had to sell a few, but kept over 95% for the longer haul.
LAC plans to offer $400M to buy Millennial Lithium in Argentina, which has the salar Pastos Grandes approximately 100km south of Cauchari, and the salar Cauchari East adjacent to LAC’s site. The announcement does not mention Cauchari East (?).
https://www.lithiumamericas.com/news/lithium-americas-makes-offer-to-acquire-millennial-lithium
This epic post deserves a sticky so many will read it.
Thanks to Firefly and Jack!
No worries about my name and thanks to ImTC for sharing the news. The changes at Authier should help facilitate the approval of the BAPE. I hope we get some good news about it soon.
I am not so sure as most lithium stocks in Australia are considerably down. We should see the $0.11s tomorrow and may be an opportunity to add. Unfortunately, I still have money tied up elsewhere. A good earnings report from Pilbara could help turn it around (expected today).
Much of yesterday’s talk in HC’s different boards focused on Vulcan Minerals (VUL), which was affected by a hit piece apparently for shorting purposes. It is possible that this may have some temporary effect on lowering stock prices of many lithium companies under development (e.g., explorers), but I doubt it will last long. I am not sure how much of an effect it may have on Sayona, but it could provide a dip opportunity to add shares. On the other hand, good news are imminent (e.g., Novonix tests), which should neutralize any or much of the damage from Vulcan’s news. Watching closely because timing is important.
https://www.mining.com/vulcan-energy-accused-of-misleading-investors-with-positive-pfs-report/
I don’t remember exactly, but I think the ask was mostly in the high $0.11s last week until it dropped for a couple of days. That is when I was able to buy at $0.1144 on Wednesday of last week and Ks was able to add at opening yesterday at a similar price. I doubt we will see the $0.11s again, but anything is possible. I think that any buys under $0,20 will look very cheap next year. My main issue is that I will need to sell other stocks in order to buy more Sayona. I have not decided what to sell as I am hoping for a spike in those stocks.
Decisions, decisions….
I have shares of Sayona, LAC and OROCF in lithium. All have their advantages, but Sayona clearly has the most upside. Wow, you are way ahead of me in Sayona shares, congrats! I am trying to get to 500k shares, but I am not sure I will get there. It all depends on the types of dips we get and in the timing of selling other stocks. I also don’t mind if I don’t reach my goal because the stock takes off to $0.20 or above before year’s end. Yesterday’s Pilbara auction of lower quality (5.2%) spodumene at $2350/ton (I think….) may have a positive effect for the entire sector, plus there are plenty of expected announcements from Sayona.
Enjoying the ride!
Yep, currently breaking out in the ASX. We may see $0.15 US soon, maybe higher…
Excellent post!
Very insightful, thank you!
I was also an old timer, having bought shortly after Ks. Unfortunately, I got spooked when the company mishandled the original BAPE and pissed off the local towns and tribes. That was a big mistake on my part. Fortunately, Ks reiminded me of Sayona and I came back to stay.
Yes, but I am deeply concerned that Nader once stole two sugar bags from a Starbucks….
LOOOOOONG CYDY!
NAL was indeed a surprise. I did not expect that this tiny company worth a couple of hundred million dollars back then would be able to get a mine, but much less a spodumene plus carbonate processor. I would have expected one of the much bigger companies to snatch NAL. It is truly amazing that Sayona got a developed plant with a mine that can produce by 2023 or a bit earlier. Sayona still needs to be careful in balancing growth with debt and other hurdles, but I think they will. I think that getting revenue from NAL at higher lithium prices will help with this. The other nice thing is that we are getting a bunch of nice catalysts that should continue to help the SP: expanded resource estimates in Quebec and Australia, gold, BAPE, offtake agreements, partners, acquisitions, etc. The potential of a hub to process hydroxide in Quebec could be the ultimate game changer. It may require partnering with other companies in Wabuchi,, James Bay, etc., and the right help from the government, but my hope is that it will happen once the company gets steady revenue and is fully de-risked.
GLTAH!