Member Info for AIMtodeath

Big names supporting sounds good.

This area already has mining licences, it already has had EIAs done....all accepted by the Government.

By this rational no mining of any type will take place in Portugal..... if a few villagers were able to change the will of the mining friendly Government, hell set on making a Lithium indusrty in country.

One also has to think of Nickel price in 2022....

Now lowest warehouse stocks for over 5 years, in deficit and new mines not coming online in near future because of low incentive lately. Not to forget in 2022 Indonesia takes some off the table, look at price at just thought of it currently (what if it did come forward to 2020!). Large mine in Philoppines stopping production later this year....

Don't see $11k tonne in 2022 thats for sure

Battery needs will soak up current class 1 nickel currently supplying stainless steel and class 1 supply will not be enough to satisfy battery demand.
So one project to feed stainless as class 1 moves to batteries and higher pricing and one project to feed shortfall in class 1 with higher pricing as market squeezed for this class of Nickel....Cobalt always needed but more produced outside DRC the more humaitarian conscious tech suppliers will seek non DRC cobalt.
~The work has been done here, this is a mine that onle needs funding and everyone can see the future squeeze. This will be mine ready at the squeeze!

Is a risky choice. An accordian of news is being compressed together and to be out will be more costly than the 10-20% max you might make on a pull back. It also makes the chart trading opportunities a gamble. If chart is right on a trading place but news is several days away, it makes it harder to make that trade than if no news was around.

The distressed seller pulled us down to the circ 2p level trading out the shares. Then Nickel drop pit pressure down to 1.8p Thats a lot of shares in new hands (and a lot of them traders) capable of taking a good profit at this resistence point created on the drop. It was hit a few times and fell back encouraging range trading to start, amplyfing the resistence.
Now that Nickel is marching on and a good time to hold instead of trade, another large holder has decided to liquidate and did it recently as we were hitting resistence again.....
Each fall back is getting shorter as value buyers pick up more shares under the 2.5p meaning range traders are not getting the range they did before and a risk to be out for a few % now. So it depends on the liquidator as to how much they will still try to sell before the buys continue to outstrip the sells at this resistence.
Stock needs to be churned until it all passes to stickier hands and then it will bust through.

Note - any selling at 2.5 to 2.7p is in no way related to fundamentals of this project, purely liquidating seller and technical price sellers.

If you have shares and a buyer for the mine comes knocking it will be a big payday. Every day Nickel is up at this level is more sure chance of borrowing coming and therefore another big payday..... trade out at your peril....

Though it was a battery grade resource they purchased so compared to Vermelho (a better comparison) that we got off Vale, think we got the better deal!

Its the interest free loans that caught my eye. The more you pay for an EV could be offset on the interest paid otherwise on a normal car loan, especially after any subsidy

Err..... They are embarassing compared to our random 3rd resource area, 40 vs 70mt and 0.73 vs 1.22 grade..... and apparently people sat up and took notice of their little purchase..... ;)

Vale is not a good name in Brazil right now, wonder if they would consider royalty loans to smaller companies with a better face in country but get them access to the market.

2nd highest intraday, but importantly highest finish.....

Seller still active. Not a fundamental reason for sure.

In Western trading, mainly its been Asian spikes over $16k

You are not too clued up are you? You don't understand LCE versus Spod Conc. Since you were talking facts here is one you got wrong.

In an earlier post you tried to rewrite the Scoping Study (because the morons that wrote it got it wrong apparently according to you). You multiplied the LCE quantity LOM not the spod conc produced per year.
You quoted 400k LCE over life of mine, not the 175k spod concentrate sold 'per year for 10 years'. The LCE is now 707k so its easily 15 years at 175k/pa now. Thats the figure you multiply by. So minimum $1.5billion revenue over 15 years at say $585 Add in $23mill a year in pots and jam jars, so another $345 million.....heck the pots and jam jars are more than your 'interesting' calculation on their own.....

Plates and glassware enable us to sit at the bottom of the cost curve and turn a tidy profit when others may struggle. Scoping study still below ave for 6% spod at current pricing and it was a great NPV before improved prices in waste product. Keeps the Portuguese happy not just dumping all waste, being put to good use in a thriving local industry.

You also got a chance to sell at 17p...... that was pretty good jam and toast.

Sometimes it looks like someone tries to give the bid a push down by hitting it with small volume

at price point 1.61p on bid 3 MMs sit. When you ask for a quote to sell you will get a 'best offer' but RSP gives the full depth of the offers at that exact time with that exact amount of shares requested in the quote, whereas a normal trading account will just give you the best.
So a dummy sell of 1000 shares offered up -
SCAP 1m 1.638p
CFEP 625k 1.635p
SING 1m 1.63p
PEEL 750k 1.616p

In this case SING was sitting 3rd on best offer. If best offer is hit the others below don't stay there offering the same amount, they will readjust. SING will continue to not be best offer, however you can jump past certain best offers, sometimes the best offer is for less shares than you want, so it will go to the best offer of the shares being offered to match your request. If SCAP was only 500k and you wanted to trade 1m right then and there at that time, then potentially SING would have been matched to your request as the first best price for 1m shares.

And notice whilst SCAP/CFEP are not even on the ask at 1.61p on L2 they are actually the best offers.

Happy?

I may have confused things on selling words..... SING were the 4th in line to 'buy' from sellers, they are mainly first to sell to buyers unless another MM moves in front of them. The L2 prices are more often than not outside the prices offered when you go to trade unless virtually no stock left at that price point and then the MM would not stay long, unsually only trading at 'market size' for that share.

Some stock is labelled as 'unborrowable' so do not assume this can. You can go short on a spreadbet but it does not affect market stock.

Ignore names sat on L2, they don't mean much compared to RSP actual offerings on buy or sell. SING are 4th in the queue for sells and as the stock gets taken bet they continue to fall back staying out of the firing line.

Times I have seen 5 MMS on bid and yet RSP hardly any stock above the bid and most of the MMs on the L2 bid offering shares beneath and at the same time the ask had 1 MM but yet 5 MMs were quoting inside that price. L2 gave the impression of bullish MM pricing but in fact it was bearish on RSP.