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balanced99
rems?
this one,seems off many radar
https://www.lse.co.uk/rns/PRE/announcement-of-business-plan-kbcjua6byg4r9ld.html
This might be of interest balanced? A few other mine lovers on here also
https://insights.fastmarkets.com/lithium-market-fundamentals-2021/?utm_medium=email%20marketing&utm_source=marketo&utm_campaign=f_new+energy+infrastructure_2021-04-22_global&utm_content=button&mkt_tok=Mzc2LUtWVi0xNzcAAAF8ksjSQaf0vE02BN1WpFVYATNhZsAbyrLEFpPlCa6UjgKykN1QdrTvh6AAKbWL7wxLNOuJueNWFdWsQ9DiJiuwccQMcTdvBXePg842cBcDAxkBWQ
Thanks ihowells. I don't post as often now so hence the delay in responding. With SAV it is focusing on Spodumene rather than lithium carbonate. Spodumene prices are low less than $1000 at the moment but picking up whereas LC is near $10000 per tonne.
I'm after a LC type company.
BCN looks good but some way away to first production. Suppose I'm quite fussy! There is also some disquiet about the pollution in mining hard rock lithium and going forward more greener alternatives may be favoured except those existing projects so BCN should be ok. Thanks for the ideas.
Bojo is right there are new minerals and chemicals being mentioned all the time as future alternatives for EVs but those may be a few years away from development of they pass the testing and trials.
Oops! I didn't see that you already held ATM....a great stock in my opinion. A few others for you to look at though.
If you want an undervalued lithium stock take a look at SAV with its Portugese project. Ok it still has to get full EIA approval so has some caveats but has the full backing of GALP and the EBA. Otherwise as another option ATM a tin miner in Namibia, which is scaling up production but is mining and making money. It has enough lithium as a bi product to make its resources larger than many lithium only producers. Oh and theres BCN with its Sonora resource in Mexico which is fully funded and undergoing mine build.
Whoops!
Not ACP, meant HZM. Lots of talk about different approaches to EV batteries.
ATB
Yes Balanced,
The make up of EV batteries is evolving rapidly. I think this is completely understandable as they generally don’t have much staying power.
One could easily invest in the ‘hot stock’ only to find out that batteries have moved on. It’s the chance we take but something to consider. See ACP board chat for this kind of information.
ATB.
I like this as well but like you wonder whether it's too late to jump on board now.
What I found interesting was to compare Neo Lithium with Australian Galaxy Resources. Both with very similar projects and reserves/resources yet GR has a much bigger market cap. GR looks expensive now so I'm leaving that. The lowe market cap of NL may be explained by it being listed on 3 stock markets including German one and GR I think is only on one. If there is stock also on another exchange then I think when profits are reported some of those are attributed or shared with the holders on the other exchange(s). I could be wrong but that is my understanding. GR has the full cash available for its Stage 1 development whereas NL needs to raise more in the sum of $260m US dollars.
Upto Stage 1 GR has a pre-tax NPV of $809 US dollars and NL $1.14B US dollars.
The need for a huge future financing may be holding NL back.
NL is more advanced and ahead with its plans compared to GR.
Don't know where I was late last year when these could be bought for much cheaper.
I'm going to hold off and if there is a correction then consider a purchase. But I've probably got everything I wanted to buy for now with no funds left for anything else so will just leave it probably.
I like Next Source but no funds now so will review things again in future. I have ATM and if they can process lithium then that might have to be my lithium play as as tin.
A pure lithium producer/near term producer would have been good to have as part of pf. May get an opportunity later to buy at better prices.
Looks very interesting balanced...
To be honest $2.88 puts me off. Not from an investment point of view but affordability.
If you look at the top broker forecast and say that it will achieve 75% (sensitivity 1) that takes the original forecast ($4.20) to $3.15. That leaves 27 cents per share. SP is around $2.88 so that’s an uplift of 10%. Although the SP has retraced the boat has set sail IMO. Doesn’t mean we should still not get on board.
I think the real question is what will the SP be after definitive feasibility study (DFS). If it achieves the broker forecast (sensitivity 2) then all good.
The involvement of CATL appears to be impressive. Further research maybe required to find other opportunities by looking at their investment activities... This is how I found Next Source which is also TSX listed.
The Canadian stocks do appear expensive but as I understand it the stock prices in reality are around 60% including fees when converted. So if Neo SP is $2.88 then that equates to £1.73 ish. I may be wrong converting do please don’t take my word for it.
Any further thoughts on this from yourself would be helpful as I do like the investment.
ATB.
I only recently started looking elsewhere than just gold miners.
Wish I had done it before - just got blinkered with the gold miners.
Someone mentioned to me Galaxy Resources an Australian listed green lithium company. Our own Cornish Lithium is another but they are not listed and far behind it seems. In this game I think the winners will also be those producing first as lithium prices may peak a few years down the road.
Anyway, came across this company and it looks really good still some further work to do before it starts producing commercially. I am still doing further research into it but thought I would mention it now for any other views. Bojo will probably have some views on it?
https://www.proactiveinvestors.com/companies/news/939025/neo-lithium-is-canaccord-s-top-pick-among-lithium-developers-lifts-target-price-939025.html
https://www.proactiveinvestors.com/companies/news/929803/neo-lithium-advancing-one-of-the-world-s-best-lithium-brine-projects-towards-final-feasibility-929803.html
https://www.bbc.com/future/article/20201124-how-geothermal-lithium-could-revolutionise-green-energy