Followers | 53 |
Posts | 11277 |
Boards Moderated | 9 |
Alias Born | 06/25/2009 |
Saturday, December 21, 2019 2:51:06 PM
The Argentina's inflation rate is 50% a month that is what scares most investors. I hesitated also.
The deal with E3 Metals gives me confidence LTHM CEO sees a future in lithium brine extraction of oilfield brines in Canada and the USA.
The main problem dealing with lithium mining/brine extraction in the lithium triangle is all the rules change after every election, in a socialist country. And the dilution of their currencies. And threats of taking control of foreign assets and companies is a big deterrent, for investors.
LTHM needs to do GEO thermos brine extraction in the Nevada and California, areas. Which will takes years and about a billion dollars as well.
Berkshire Hathaway Energy Hired one of the top engineers on the planet Mike McNamara, as Sr. Project Engineer, https://www.linkedin.com/in/mike-mcnamara-p-e-0ab72a1/ to work on the Imperial Valley project. Berkshire, well have a monopoly in GEO thermal brine extraction.
As far as price for the new year. I think your estimate is very reasonable. I don't see 18s for at least 2 more years.
LTHM is heavily shorted might explain the churning you are seeing on level II
Keep posting you will make my job easier. lol
If THEIR IS ONE THING I AM SURE ABOUT IS I AM USUALLY WRONG
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