The latest Investing Matters Podcast episode featuring Jeremy Skillington, CEO of Poolbeg Pharma has just been released. Listen here.
London South East prides itself on its community spirit, and in order to keep the chat section problem free, we ask all members to follow these simple rules. In these rules, we refer to ourselves as "we", "us", "our". The user of the website is referred to as "you" and "your".
By posting on our share chat boards you are agreeing to the following:
The IP address of all posts is recorded to aid in enforcing these conditions. As a user you agree to any information you have entered being stored in a database. You agree that we have the right to remove, edit, move or close any topic or board at any time should we see fit. You agree that we have the right to remove any post without notice. You agree that we have the right to suspend your account without notice.
Please note some users may not behave properly and may post content that is misleading, untrue or offensive.
It is not possible for us to fully monitor all content all of the time but where we have actually received notice of any content that is potentially misleading, untrue, offensive, unlawful, infringes third party rights or is potentially in breach of these terms and conditions, then we will review such content, decide whether to remove it from this website and act accordingly.
Premium Members are members that have a premium subscription with London South East. You can subscribe here.
London South East does not endorse such members, and posts should not be construed as advice and represent the opinions of the authors, not those of London South East Ltd, or its affiliates.
Let's see what contracts they manage to get… if any.
I would assume that PHL is well qualified to receive some of this new Government incentive: https://www.smh.com.au/politics/federal/4b-for-mining-companies-to-produce-minerals-for-us-renewables-20231024-p5eeiy.html
Agree euclid55.
The bottleneck is in refining capacity in Europe and not all refining is the same.
Anyone trying to import spodumene (5% Lithium) is going to have a real problem disposing of the 95% waste - which is why ALK has got its strategy of importing sulphate and or tech grade carbonate absolutely spot on IMHO
Somebody is confident.
Me I ignore broker notes, just bits of paper.
Do your OWN research and you will see £5.00 is quite easy to get to. New baseline should be around £2.30-2.60 with a whole chunk buying and selling around this for several months previously.
Next baby step could be more teenage in size !
We also note the announcement by Zinnwald Lithium (ZNWD LN) with strategic investment Advanced Metallurgical Group (AMG) who are building the lithium refinery in Germany.
This is the most relevant update for ALK as it highlights that AMG intends to vertically integrate to secure feedstock meaning that although this is intended to be the first capacity online in Europe the capacity has already likely been set aside for processing the concentrate from the nearby Zinnwald project.
This further highlights the shortage of available refining capacity for lithium miners and end users and ALK remains the only listed exposure to refining capacity.
It is difficult to not demonstrate considerable upside potential and the latest announcement indicates that major de risking catalysts which we believe will drive a rerating are now significantly closer.
The nature of the process means that market updates and timing is challenging to gauge, however, off the current valuation there is limited downside risk. Correspondingly a feedstock deal with an OEM indicates a major catalyst as it unlocks the project financing process, optionality on structures and potentially direct funding as part of an agreement
Current target they say is £15.30
Hi MO thanks for the posts.
China has just announced that it plans to impose export restrictions on two primary graphite products crucial to the EV anode sector. The ban is similar to the restrictions placed on Gallium and Germanium exports in July 2023.
Resilience will be rising up the political agenda even if the civil service are WFH. Companies like ALK and PRE offer some answers to the problem.
Yes i did. Quite a few details yet to surface but the £50 earlier in the week would have taken a bit to buy up and then this. Makes you wonder.
HI MO
Seen this report?
https://www.bbc.co.uk/news/business-67149907
China , good point. You try and buy £50,000 in one go.
Most would be lucky to get £2-3,000 through.
It will have taken an mm a while to fill that instruction.
And some mongrel is still dumping a below average price sale at the end of each session !
£50k worth bought yesterday morning… 👀
Did you notice Koch involved , extremely interesting US side...
Hi MO
Good to hear from you. All fine here.
I am wondering if CL will go onto AIM or if it will be taken private. Recent deals have raised the bulk of the money from private equity Techmet/EMG and UKIB. If the second tranche of the third funding package happens, the rest could be bought out.
In their first funding package Techmet got board representation, warrants and a discount on their share purchase price. I think CL is "job done".
2 Mt, a drop in the Ocean, PH exports over 550Mt of iron ore each year !
Https://www.goldcoastbulletin.com.au/business/stockhead/monsters-of-rock-green-iron-plant-plan-before-epa/news-story/1b41f127aea711d4ff6f0b7978ed61ad
Some huge irin ore and nickel tonnage going to go through Boodarie Port Hedland. Infrastructure must be good.
Released only today ...
"Standard Lithium’s East Texas Drilling Program Delivers New Highest Confirmed Grade Lithium Brine in North America
Results Include Lithium Concentrations of 663 mg/L; Company Continues to Expand and De-Risk East Texas Smackover Assets
EL DORADO, Ark., Oct. 10, 2023 (GLOBE NEWSWIRE) -- Standard Lithium Ltd. (“Standard Lithium” or the “Company”) (TSXV:SLI) (NYSE American:SLI) (FRA:S5L), a leading near-commercial lithium company, today announced it has drilled and sampled, to the best of its knowledge, a new highest confirmed lithium grade brine in North America, with a grade of 663 mg/L lithium. The results reflect lithium sample analyses from a newly drilled well from the Company’s significant expansion work in the East Texas Smackover region.
Dr. Andy Robinson, President and COO of Standard Lithium commented, “We continue to be very excited by the quality and scale of the lithium brine assets we’re adding in East Texas. The lithium sample analysis from a newly-drilled well delivered, to the best of our knowledge, a new highest-grade lithium brine concentration in North America and confirmed that we are securing the highest-grade lithium brine resource outside of Chile and Argentina. We continue to expand our footprint in the East Texas Smackover and de-risk the opportunity with additional drilling, sampling and definition work.”
“East Texas is a significant addition to our two more advanced projects in Arkansas, the Phase 1A and South West Arkansas Projects,” added Dr. Robinson. “We expect our East Texas landholdings to form a substantially larger and higher-grade lithium brine project for future production. Standard Lithium will continue to progress its portfolio of projects to help meet U.S. demand for lithium over the next decade.”
Http://projects.exeter.ac.uk/geomincentre/excur-tregon.htm
;-) vis. Still prefer brine potential to mica which you know my views on. Multiples of any mica potential.
Article's from 2005 which I found back in 2018 when researching Cinovec. Westphalian structure from Czech , France , Cornwall to S Ireland.
Probably forgotten most of what I learned back then but keep an eye on Vulcan in France and Eromat for clues to what is coming. I've alerts set for them.
Hope you are keeping well. I'm here for the longhaul and on any major profits will only add to CL when they finally go solo on AIM. Thinking it was due this time last year. Shame really but it wil happen.
Standard Lithium still pushing on to the latter phases of DLE brine so its looking like its ok as its passed through too many crunch points of investment and building expansion. One hell of a white elephant if they are totally wrong about DLE. E3 also on huge potentially global scale brine.
All the best and catch you soon when the news comes here. Gut feeling is anyday due to the tiny spread which after 24 months of 30p to 10p spread looks like share shifting territory to a possible partner / JV venture.
Good evening MO
I see that Oz's richest person is taking on Albermerle, in a battle for assets.
Did you see that Cornish Tin ltd has discovered significant Lithium in their last drilling programme? https://www.cornishtin.uk/
Lithium toll process lithium tolling and advantages in a low price market.
"In the so-called tolling arrangement, Pilbara Minerals will receive the lithium hydroxide price for the product sold less an agreed amount for conversion and other costs, it said.
The agreement comes as prices for battery chemicals and the underlying lithium ore have begun to turn down, after China ended a more than decade-long national subsidy for electric vehicle purchases at the beginning of this year.
Prices of lithium carbonate hit the weakest in a year while those for spodumene have touched the lowest since October.
Reuters reported that China’s CATL, the world’s largest battery maker, has offered discounts to some Chinese automakers it supplies, weighing on prices of Australian lithium miners on Monday.
Shares in Pilbara Minerals fell as much as 7.7% to A$4.10 before trimming losses to $4.18, still down 5.9%.
Australian critical minerals producers are seeking to move up the electric vehicle battery value chain by refining their minerals and in some cases converting them into products more easily used by battery chemicals makers."
https://www.mining.com/web/pilbara-minerals-sells-spodumene-cargo-linked-to-lithium-hydroxide-prices/
Indeed - they would have to give some value to holders of equity at the subsidiary level