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Ps - also had Albermarle until recently, but a bit nervous with the water issues with them and SQM.
DtR, in order of value - Livent, BCN, EMH, Savannah and small stakes in ZNWD & European Lithium. Livent alone has gained over 50% on my average over the last quarter, and in my opinion has so many options available means it had a long way to run.
dtr1, I'm in EMH and MTR which also has a large investment in copper.
Mick - what other Li projects are you in if you dont mind saying?
I recently decided to get directly into Li car manufacturers (particularly a couple of Chinese ones), they are on a great run at the minute. all major nations across the globe seem to be heading towards banning petrol / diesel in the next 10 years or so
i can also add my name to the 'in too early club'! DL talked a great game, which I now know, is all he can do! It was all the initial talk of Greenland from DL that got me into REM back in the bad old days. I dont even know whatever happened to Greenland, do they even still have the licence or did they relinquish it? he should have been investigated by the FCA in my opinion, just garbish and totally misleading comments that came from that mans mouth!
Anyway, I too made the switch to BCN, again a bit too early but I have managed to get my average down to a very healthy 30.39 so I am happy / relieved at the moment. Just sitting tight on these now to see what happens over the next 12-24 months
One point I did pick up on before I bought BCN after my initial hap hazard attempt at investing (losing taught me loads though - do your homework first) is that the world Li prices were cycling through a low, that combined with the crash meant BCN were going cheap. I'm just a small ammature but made sense, so risked it all on BCN and made everything back. However, since I've diversified my portfolio to tech trust funds, environmental trust funds, pharmaceuticals and a bank (Standard Charter) plus some good old fashioned NS&I premium bonds to balance off the risk. I have to say though BCN are by far my best buy!
Ditto MrC for timing.....but even worse for me was that my early birds included Nemaska where I lost a stack. My own fault, so the faith in LI potential is still intact of which I still have positions in five projects (albeit smaller holdings - lesson learned).... KTF
I think a lot of us invested early but the dark distant days are rolling away with the coming to fruition of both mines soon . Glad i saw sense too and directed invested after being hoodwinked on REM all those years ago.
GL
Same here MrCautious. Unfortunately went through the REM/KDNC route initially, until I saw sense! Mood seems to have changed - both EMH and BCN could do very well. They are located in different parts of the world for a start, one withChinese backing and the other with European.
Down 10% tomorrow I am certain.
I think if you eneterd this as you describe you will do okay. My BCN and EMH holdings are doing okay for me but if I am brutally honest I invested way too early in these Li shares !
Ok cool, I'm quite new to investing. After a bit of an initial **** up I ended up in BCN at around 23.6p a share. Then did a load of research and rather glad I did now! BCN hitting anything around the 118p in the next six months then staying around there pre production would be great!
Thec 112, 114 and 118 are VSA increasing their target price I think.
Let's not forget the off take agreement they also have with Hanwa the battery manufacturers, they could well be the fourth party, after Gangfeng and M&G as you rightly saying have been increasing their interest, to put in the final financing. Either way this is looking promising both medium and longterm particularly with the potential of a green revolution now on the cards!
I've seen various broker targets banded about, 112p, 114p, now 118p I have assumed for the construction phase. I'd be very happy to see this then very interested to see where it goes once full production starts and hopefully when EVs become more mass production!
Whatever. We have continual but slow progress since Ganfeng first took a stake in 2018. Ganfeng, M&G then Ganfeng again have put money and resources into this. EPC is still expected by end of Q4 2020. There no reason not to expect financing hasn't already been prepared.
Big news expected, followed by even bigger news. So I would expect those who have been following this, or do their research, will be wanting to top up.
Price target is 118p. And pre 2018 this was trading in a range of 80-100p.
I'm just going to hold on to my shares as long as I can. I have enough invested here so wont be adding to my holding.
But this is going in the right direction. I think we are seeing the light at the end of a very long tunnel.
I think it's called market sentiment and a re-rate to where the company should be with medium prospects looking great and a mine that will be put into production , not many juniors can or will be able to say that
Looks like the strong morning, slight fading in the afternoon again. As long as the trendline id up I think that is acceptable. Its more to do with the actions of the market makers/ psychology of the market.
It might go to low 30s but personally I doubt and actually does it mater? Look the evidence, now backed buy Gangfeng and the mine is set to go into the construction phase early 2021. Gangfeng have signed a 10 year contract to supply VW with lithium for their EVs. Most, if not all, car manufacturers are making the shift to EVs. Governments are looking at zero emissions policies over the next decade, EVs being key to this. The EV market in the UK rose 180% this year and many companies, including Amazon, are converting their fleets to EVs. We in the midst of a pandemic and after world crisis their tends to be growth periods in new directions, everyone is talking "Green". We've experienced less polluted skies due to the lack of planes and many are liking this. So what if this share drops again, another if is if Sanora goes into production we could see this share sky rocket particularly if Lithium really does become the next oil, and all the signs are pointing this way, there could be a great deal of investment interest. Personally I'll be happy to watch a gradual rise to around 112p during construction then watch it go through the roof when all the above falls, and it could do, into line!
I have been invested and still am for a couple of years. In fact, my username comes from this company.
It's just I have seen ramping followed by deramping so many times. I used to trade on that fact but now I'm staying with the share long term.
I'm just despondent as I have never seen this share have a long term price rise except on a decent RNS.
Irrelevant what moves the price makes short term. This company is a cracking prospect and I fully expect to be holding some of my shares long term and collecting dividends from them!
Are we still expecting November news from the prototype processing plant ... seems like this could be a key element to justify the 4k/t production figure.
Well said dave. Its bold unqualified statements like the earlier one which often makes me cross about these boards. Everyone has a right to voice their opinion and I welcome the less enthusiastic as it makes you question if the specs are getting too rose tinted! But not when the post says things like 'this is going up to XXp by next Tuesday' or 'this is going down to XXp' without reasoned argument. In fairness waccybaccy did give a reason, ie no news, even though it was daft because there has been several lots of news in the past few days!
i do love it when people GUARANTEE something that they have absolutely no control over. Maybe it will go back to low 30's, maybe it wont. But whatever happens, it wont be because you have guaranteed it lol
The rapid shift in sentiment towards lithium and the fact that people seem to be waking up to the amounts required in the coming years , makes me think £1 is more likely than low 30's...
Pure speculation but it seems from the lse trade chart, delineating buys vs sells (which I know is not 100% accurate), that the small trades are buys and larger trades sells. This tells me that it is harder to buy in bulk and that the MM's are happy to take shares off peoples hands in fairly big quantities, whereas they are making it difficult to buy.
Could this be a tiny indication that there is quite a lot of pent demand building on the share, and they are trying to gradually release the pressure valve to avoid any huge spikes?
All just my musings. I'm holding on firm here, as it seems the latest input from Ganfeng will see this through to construction, which for an AIM mining company is a fairly impressive statement. 5 years work done, and now two more to go hopefully until production!