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Oooops, had to hastily edit the closing comments of that last post....
Hope U've correctly figured out whom the word YOUR was referencing...
Anyways...That "other" board hasn't even acknowledged the Gangs OTHER DEAL (which ALSO was announced yesterday and which I suspect is probably totally larger and more significant than the arrangement they just made with Tesla)
That's TWO big signings in 1 day.....Gangfeng's taking over ? - ALTHOUGH :
The USA (especially the current administration), is NOT gonna allow the majority of the countrys' lithium to be EXPORTED for the purpose of electrifying the manufactured exports of OTHER nations round the world, are they ?....
posthttps://www.yicaiglobal.com/news/chinas-ganfeng-give-tesla-20-its-battery-materials
Gangfeng - Next day - Boom !....Breakout !......
Yesterday :
Gangfeng Next day - Boom !....Breakout !.....Over $30 bucks !
20 min. later :
YOUR WARREN BUFFET IS TOTALLY BLIND !
.
We know....We know....You have said it before (no need to say it again)....Please spare us :
Yes Chart reading opines are irrelevant that are based on data from the past thatch irrelevant for the futures I got with the Warren Buffet data and opines Not charts or horoscopes LOL Regards Jet LAC >>>>>>>>>>>>>>>
Thanks......
Note : Trading in Gangfeng has just been HALTED
2 different reasons for the halt :
https://www.yicaiglobal.com/news/south-koreas-lg-chem-ramp-battery-demand-chinas-ganfeng
AND :
https://www.lavanguardia.com/economia/20180921/451939945513/tesla-elon-musk-litio-baterias-electricas-china.html
Who was the first to report the story ?
nowwhat was first to report the story.
nowwhat reported the story in Real-Time
YOUR announcement has come out well AFTER the fact(s)
Yeah well - Numbers can certainly tell the story.....Just LOOK at how they've so in the past !
Anyways,
Most people prefer to MAKE money - Not lose it.
That idiots' "methods" have been posting a HORRIBLE record for the past 10 months !
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=143672316
And now the guys' totally blind to a reversal.....Why, he'd probably attribute this/a rally to TAXES !....LoL !
What a Stooge !
Guy doesn't even realize that Tax Loss Selling puts DOWN-Pressure on a security not UP !
LACs' high this morning = $5.91 (which isn't fully shown).....
So the upspike this morning's attributable to TAXES ???!.....LoL.!.....Oh man !
Yep the LAC:TSX is a lot more fluid. Really the charts don't make any difference anyway, or at least that's what buffet says....
Thanks yeah ok well - I figured that's what you'd be using....(the January 2016 low)....
Just can't understand why the 2'd look so different....(I place more faith on Toronto) . . . he-he
LAC:NYSE Green line. 5 year Trading view chart. I am slightly zoomed in but that makes no difference... TradingView
Keith if this is your Green Line ?.....I've got us ABOVE it..... I only use Arithmetic.
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=143682110
Or just where is your Green Line COMING FROM ?.....Perhaps you're using TD ? Logrithmic charts ?
PS : Your (about to cross over) MacD's are what stand out nicely to me (not that I use such things much if at all)
PS : Unfortunately she's pullin' on BACK here now eh ? Like, from this mornings' open ?
Yeah / Well : What given the rate at which the Sector's been moving ? - A "Back-Test" shouldn't be too surprising....
Day #2 of The Breakout :
Berkshire Hathaway - Pre-Breakout :
Day 1 of The Breakout :
Day 2 of The Breakout :
This from 11 (trading) days ago :
Once it got over the Red Line displayed here, it quickly shot upwards to "toy" with its' All-Time High(s).
And now we can see that it's manifesting what's often referred to as . . . .
A Blue Sky Breakout !
Which is rather ironic what given that Mr. Buffet, is a STAUNCH disbeliever in Technical Analysis !
Me - I'd like to ask him "Well ok Mr. Buffet, so what reason do YOU HAVE for your stock doing THIS ?" :
And it's likely that in response to whatever he replied ?.....I could greatly scorn him !
Yes, beautiful place indeed.
Yes - but perhaps I should've included this photo as well....because,
Ya' see the large rock in the back here too ? - Such hills are quite typical on this here Island....
Cool moss-covered bedrock pokes out almost everywhere
Unfortunately on this hole I yanked a ball LEFT into the trees ! . . . LoL
See, I think that's prettier (or is at least more spectacular) than my (lame) Hole In One hole :
Great idea tiko! I here LAC and tennis go hand in hand.
Congratulation! Beautiful area.
Congrats NW2, you can now move on to a different sport. How about tennis? I know a top notch player in the other Board that could be a great tennis partner. His name is Mr. Buffett.
In the meantime, lithium is starting to look a bit better ( e.g, LIT Global ETF crossing 50 day average may be a good omen).
Congrats again!
At first it appeared that Sayona (DMNXF) had their @sses handed to them today at open US$.0138 for a sale then a bounce right back to US$.029......What gives?
Wow....Gangfeng sure didn't look like this last time I looked at it (before I went to bed)...
It rallied - Up 3.75 %...Why ? Ah, because all China did - after their lunch ? - Hongkong / Shanghai up like a rocket immediately after Lunch....hmmmm
Why LAC'll almost certainly benefit, no ?....Betchya it does - But we'll see.
Meanwhile certainly Tokyo's been busting out...It's been on a 2 day bust out tear (but it's strangely almost already approaching Resistance).....
S&P Futures up plus 5 - Now, back to bed
I think you are probably right. The whole sector is down and that overrides any good news from LAC plus allows manipulation to takeover. I also get the feeling that even though the recent news from LAC have been positive, the Market still has doubts about different items. These may include doubts about the process for NV, which is a first of its kind and all of the sudden changed, doubts about the type of financing and possible dilution, concerns about the recent change of partner even though I like Ganfeng better than SQM, concerns about processing brine (No brim like someone call it) in Argentina which is never an easy task, etc. I think that the company will overcome these hurdles, but I also think that these factors coupled with the overall woes for lithium have made LAC suffer more than others.
I am telling you LAC will drop again Tiko. It is the same set up every time. You can look back as I mentioned this in a post to BJ back in Feb and he came back with his SOS and it all looked HAPPY to me again:( Sideways and then a drop, sideways and another drop. Been doing it since December. Like OSO said Wash Rinse Repeat. This stock is being made to move and it has nothing to do with news and that is where it is nice to utilize tech analysis. We should all keep buying more at these and lower levels but expecting a long wait for our mystery sector to evolve and these oversupply lies get disproved. I have always been long on LAC but according to others a year is not a long view:)
Have any of you owned a stock that has acted like this?
It wouldn't do any good. You will only get buffet bias on the LAC board. What a mess......
I thought we were not supposed to use humor anymore, so no more LOLs please. Oh wait, wrong Board, LMAO! Yes, LAC is trading sideways again, so I may need to get the wallet ready at the low/mid $3s unless we get a sustainable upticktrend.
LOL
Oh no you don't Mr. man LAC can do no wrong
Thanks again! I will wait for your take on AVLIF, where I only have spare change invested. I think it is a very good candidate for a takeover. No hurry on it though, as I already know that it may not be [url][/url][tag]insert-text-here[/tag]a pretty picture...
BTW, I think it would be a good idea to invite Tom the Doc. and Oso here. It is sure nice to be able to freely express ideas and have good debate.
Nice NMKEF chart NW2, many thanks!
I do not hold this stock, but it is always in my radar. I did own the stock for a short time. I made a decent amount on its way up to $1.9, but I lost most of my profits when it started sinking. I think I came about 5% to 10% ahead overall, so I saved my shirt! I think that Nemaska along with LAC has been one of the worst lithium stocks since their peaks late last year losing over 2/3 of its value. The stock has been affected not only by the negative sentiment that is affecting the entire lithium sector, but also from major dilution during financing. However, Ithink most of the issues are behind and I think Nemaska is starting to look attractive.
The good news are that all the financing is done, almost 100% of the product is contracted with 4-5 solid off-takers (e.g., FMC. LG, Northvolt), mine construction is progressing, mthe mineral is close to the ground surface and spodumene production is set to start in about 12 months (a bit ahead of LAC). They also plan to expand by late 2020 a small hydroxide pilot plant that has been operating for almost 2 years. The electrochemical plant (emphasis on electro = greener) will make Nemaska a vertically integrated company, which is a major advantage over many of its competitors. The other big advantage is that the demand rate of battery grade hydroxide is expected to increase at 3 times that of carbonate.
What are the negatives other than the current lithium woes? I think the main one are the lingering effects of the dilution that was required for the financing earlier this year. Case in point, Nemaska has about 10 times more shares than LAC, even though their MCs are similar. It’s current SP of around $0.5 US almost begs for a 5 or 10 to 1 consolidation. It is my understanding that the CEO has stated that he will not propose a RS, but I am skeptical. Here is when I remember Ks’s warning to stay away from RSs, which we all remember too well from LAC. Is is probably right, but if the stock fall at or below NW’s red magnet line, then it will become very tempting to nibble some and maybe sell for a nice profit before a stock consolidation announcement.
I think that Nemaska and LAC will be the new big lithium players in North America. While it is true that LAC, which I plan to continue holding, does not have Nemaska’s stock dilution issues, it is also true that Nemaska offers some advantages (e.g., fully financed, no-risk, simpler and more proven processes). I plan to keep watching Nemaska and may ask a question or two at their site. I am also open and appreciative of any opinions from all here.
Thanks again NW2 for the nice chart analysis!
One at a time I guess for now....
Using ca:NMX (because that way we obtain an extra nine months of history)
Just hoping this makes some sense
Crazy huh ?.....LoL !
Just hope that either that Purple or Red Lines hold....
Odds-wise I think I would look for The Magnet Line.....(The Nearly Last Line of Defense).....besides .50
I dunno what they're doin' wrong but.......ya' gotta remember : It's QUEBEC
Expect cost over-runs - eg. Montreal Olympic Stadium.....Mafia / Unions / Scandals, etc.
Thanks NW. Would you mind taking a look at NMKEF and AVLIF? Both have been struggling, no surprise....
Thanks
Three Road Maps (for what they are worth - Plain)
x
x
x
We might just need Berkshire to bust up on out - In order for LAC to do likewise (that's scary)
Scary because there are other things also, which may have to happen :
The Dow Jones Industrials Average :
Rest assured though that The Markets ARE DEMANDING these things happen....
And that they've got the financial clout necessary to oversee it.
Or, at least they have had it for the past 10 years.
I have been out all day, so I am just stRting to catch up with news/posts. It is certainly nice to see LAC and other lithium stocks in the green today. I hope it is a sustained gain and not another dead cat bounce. As for the rest of the year, My gut tells me that it will be better or at least not worse than what we have seen this year.
Have a great weekend everyone!
Very true about the emissions reduction. Some Tier IV diesel engines are actually filtering the air if they are operated in a polluted environment (LA, Urban China, etc). But the cost of late model emissions compliance is through the roof with no relief in sight. Average cost of light and medium duty truck (class 3-6)emissions package is $10,000 (Feds mandate the price be posted on the sticker, take a look next time your on a truck lot). This cost is passed directly onto the consumer and consumers are ready for something else. The US EPA and really put a bad taste in the mouths of the diesel engine industry.
Hey, excellent vid myte (the last part especially)
But would EV's represent like, an actual improvement ?.....Well, no they would NOT (some claim).
Because :
Today’s vehicles emit only about 1% of the pollution than they did in the 1960s.....
https://www.politico.com/agenda/story/2018/05/15/are-electric-cars-worse-for-the-environment-000660
LAC chart is kinda spooking me (Chart Posted on LAC because that board loves technical analysis), last year I would have said its about to run but this year it could go either way.....Nowwhat....very fitting screen name for someone investing in lithium this year LOL.
Have you tried posting this on the other lithium board,
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