Tuesday, October 04, 2022 10:13:51 PM
If i need to subscribe to the DD Amanda service to see for myself, i understand.
The Amanda charting concept makes perfect sense to me, as one of the things i have always done routinely before buying any new-to-me stock is to check up on its recent and longer term share price and volume trading history. You can glean a lot of important info and foresight on how it may be trending in this way.
All that said I believe RECHF would have scored a 17 on the Amanda chart on Monday followed by a 5 today. Certainly reason to sit up and take notice and to make one want to learn more.
Lithium powered EV batteries are not going away, and it's an exciting prospect as an investor to think maybe I have stumbled onto a lithium producing winner in the earliest stages of its development.
Recharge Resources' new CEO David Greenway has "recharged" and reenergized the stock since taking over earlier this year after its 1:10 split.
Check the price history, volume and news from $RECHF over the past few months for yourself. There are many catalysts going on here. That lithium off-take agreement Greenway published only a few days ago was HUGE for a company that is currently operating at only a $15M market cap. And this news has not really been reflected in the share price yet. But the Amanda factor would seem to indicate it is only a matter of time in the near term..
The agreement calls for Recharge to ship, from their Argentina lithium brine project, 10 to 20 thousand tons annually of 99.5% pure (using their "Ekosolve" technology licensing agreement) lithium chloride, or lithium carbonate, to two big China clients.
The probable market value of that deal? = $70K a ton.
Anyone do the math on this?
$70K multiplied by 15K tons of lithium (i figured go with the middle of the annual "10-20K tons" range), the sum total is: $1,050,000,000
That'd be over $1 BILLION a year.
From just ONE drill site in Argentina.
Recharge meanwhile has thousands more hectares of lithium, cobalt and nickel sites in Canada.
And check out this professionally done website:
https://recharge-resources.com/
You just don't see a site like this from a penny stock usually.
I think this company is a genuine find, and will be a $2 to $5 stock soon. Which would be about a $60 to $150M market cap
The Amanda charting concept makes perfect sense to me, as one of the things i have always done routinely before buying any new-to-me stock is to check up on its recent and longer term share price and volume trading history. You can glean a lot of important info and foresight on how it may be trending in this way.
All that said I believe RECHF would have scored a 17 on the Amanda chart on Monday followed by a 5 today. Certainly reason to sit up and take notice and to make one want to learn more.
Lithium powered EV batteries are not going away, and it's an exciting prospect as an investor to think maybe I have stumbled onto a lithium producing winner in the earliest stages of its development.
Recharge Resources' new CEO David Greenway has "recharged" and reenergized the stock since taking over earlier this year after its 1:10 split.
Check the price history, volume and news from $RECHF over the past few months for yourself. There are many catalysts going on here. That lithium off-take agreement Greenway published only a few days ago was HUGE for a company that is currently operating at only a $15M market cap. And this news has not really been reflected in the share price yet. But the Amanda factor would seem to indicate it is only a matter of time in the near term..
The agreement calls for Recharge to ship, from their Argentina lithium brine project, 10 to 20 thousand tons annually of 99.5% pure (using their "Ekosolve" technology licensing agreement) lithium chloride, or lithium carbonate, to two big China clients.
The probable market value of that deal? = $70K a ton.
Anyone do the math on this?
$70K multiplied by 15K tons of lithium (i figured go with the middle of the annual "10-20K tons" range), the sum total is: $1,050,000,000
That'd be over $1 BILLION a year.
From just ONE drill site in Argentina.
Recharge meanwhile has thousands more hectares of lithium, cobalt and nickel sites in Canada.
And check out this professionally done website:
https://recharge-resources.com/
You just don't see a site like this from a penny stock usually.
I think this company is a genuine find, and will be a $2 to $5 stock soon. Which would be about a $60 to $150M market cap
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