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mdb1

11/01/19 3:41 PM

#9013 RE: Toast03 #9012

Great post. Thanks
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tikotiko

11/01/19 4:08 PM

#9014 RE: Toast03 #9012

Thank you Toast, the oversupply is in my opinion the key factor in 2020.
Good weekend to all.
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Kswies

11/04/19 10:49 AM

#9018 RE: Toast03 #9012

Very informative post from Toast...(post #9012)

John K. called me today regarding a nasty email that I sent to IR and it was a very informative conversation and I felt like a teenager being gently calmed by the assistant principle (very nice guy):)

Key topics were:
Basically, market is not currently rational about Lithium. He did mention that there will be a reversal from oversupply in 2020 (especially Battery Grade Lith).

Institutional investors are staying on sidelines because they need returns immediately and not 6-8 months down the road, so they sit until production nears.

He explained how they don't play IR and social media games and throw wasted money at these tactics like most other failing juniors use.
We are 14 months out on production MBD1, and closer to 6 before we can hope to see SP move .

Don't quote me on this but, I think he said We are 8 times ebita and Thacker Pass isn't even in that equation yet.

LAC management have really always stood by what they say they are going to do since the Western days. They have always been pretty straight forward.

He also mentioned Ganfeng, ALB, SQM and LTHM having a pulse / turnaround lately!

LAC LONG
Have a great weekend!
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Kswies

11/04/19 10:50 AM

#9019 RE: Toast03 #9012

Great stuff Toast!
I had to doctor it a bit as the post was too old to sticky. Thank you!
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Osoman

11/04/19 5:23 PM

#9022 RE: Toast03 #9012

Toast... to be clear I'm guessing this John K is a PR guy and all he said should be taken with a grain (maybe a pound) of salt. In the interest of looking at reality I make the following points... ONE.... it makes zero sense to consider the current Lithium price relevant our SP now, after all producing Lithium at any reasonable price would be better than only producing fracking mud AT A LOSS!!! The FS projected good earnings at two price levels, $10,000 and $ 12,000 a ton.Currently reduced spot prices fall within those parameters. TWO.....institutional investors for the most part have NO IDEA who we are and most are limited by their charters from investing in PENNY STOCK. Make no mistake, but for the reverse split we're sitting at 60cents, THREE..... EBITA stands for EARNING BEFORE INTEREST TAXES and AMMORTIZATION. We have NO EARNINGS!!!! FOUR...."management stood by what they say"..... Aug 26 2016 "stage 1 productionin 2019"....Aug 14 2018 "stage one production in 2020".....Nov 14 2018 "no delay in production is anticipated"....Aug 13 2019 "by the end of 2020".....Sep 25 2019 "in early 2021" Need I say more? Full disclosure... I've been in this stock for the better part of 10/12 years and I'm hanging on for dear life. My concern is NOT the price of lithium but the real possibility that we run out of money before we sell the first pound of lithium. PAY ATTENTION to the third quarter report due out over the next couple of weeks and FOCUS ON the CASH BURN!!!
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futrcash

03/25/20 12:59 PM

#9287 RE: Toast03 #9012

Initiated a position yesterday...after researching their partnership with Gangfeng.
Holding for long term-

futr