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Lav,
You posted "good luck finding an explorer in lithium going into real production before 2025".
But this deal (and the 19/01 RNS) states they expect to be operational within 12 months from receipt of funds and the expert posters have been telling everyone this definite timeline for the past 5 months.
Some posters here have also been saying the extension (twice so far) is not a delay (yes, it clearly is).
So, are you now saying that even if the deal is confirmed in July it will be it will still be 17 months or more until production, and not the 12 months that the company is stating from completion - effectively a minimum of 20 months later than the expected date from the initial RNS announcement suggested (using 30/04 as the target completion date) ?
But not a delay in production according to some.
I expect the same cries as with every similar company I have come across in the last 6 years on these boards - We have waited this long, another week/month/year makes no difference. It does. Always
I like the optimism, but I really cannot see a 100% rise on funding news.
When the SP was in the high 70's, my conservative target was 90-100 and still feel it will be around that ballpark if this gets back into the 70's ahead of news.
From a starting SP in the 60's, my target would be closer to the 80-90 figure.
As always, hope to be proved wrong, but just wearing my conservative hat and basing my position on past experiences elsewhere.
The SP held up reasonably well on both previous extensions to the long stop with this current drop due to other factors, but I also feel a further extension will lead to a drop this time around.
Hopefully, we will get some good news before the end of next week, but I expect another extension as do some others here.
gla
Good luck to you.
There are many here with high averages, see the potential and are frustrated at the time taken to progress (like myself).
Attractive SP now of course, but current exposure coupled with a lack of transparency (thus far) make averaging down too much of a risk for me.
Good to see the Italy RNS, perhaps a sign that a corner is being turned. I will reserve judgement until end of 2023 to see what news elsewhere.
Volumes still pretty low here, so still no real sign of sentiment changing as yet
gla
Apologies, quotes from article in previous post not relevant.
from the article:
Chile and the European Union will sign a memorandum of understanding (MOU) soon to develop value-added lithium projects in Chile, Ursula von der Leyen, president of the European Commission, said on Wednesday.
Speaking to reporters in a joint press conference with Chilean President Gabriel Boric, von der Leyen said the two parties reached an agreement to develop a strategic association to develop lithium and strengthen supply chains.
Interesting news. Thanks for posting
"Both leaders also announced new projects that are part of a green hydrogen initiative between the EU and Chile. A "Team Europe Fund for Renewable Hydrogen in Chile" initiative will finance new renewable hydrogen projects in Chile.. The fund will have more than 200 million euros, mostly financed by the European Investment Bank and KfW, which will be managed by Chile's state development agency".
Many thanks to those providing updates from the AGM.
Seems odd that they highlight the SP (MCAP) as 40% higher than similar companies, but try and justify that their high salaries are based on potential not reflected in the SP. Seems contradictory. Isn't it more likely based o the current SP/MCAP that potential IS reflected in the SP when compared to their peers?
News about planned move into India also announced, possible after hours yesterday?
"Tesla CEO Elon Musk Tuesday said he had a "very good" conversation with Indian Prime Minister Narendra Modi at Lotte New York Palace in New York, and that the electric vehicles maker will try to be in India "as soon as humanly possible".
https://www.reuters.com/world/india/musk-says-tesla-be-india-as-soon-humanly-possible-after-meeting-modi-2023-06-20/
Polly,
That was my line of thought for the reasons behind the ASX listing, strong interest in mining over there.
All alluded to in the original RBS from 24/02/2023 (I should have read back before my original post), so I do now see the benefit of the ASX listing, and likely more important than the U.S. listing certainly in terms of shareholder base
gla
I would post the source page if you want to share something that strikes you as a concern.
Just because a broker, or someone marks them as a 'Strong Sell' does not mean there is a cash problem. The deal funds may be held in escrow, or ring-fenced pending completion.
Source please
Tks Rd.
Agree on the mcap, liquidity constraints that will hamper some fund investment here currently.
I'm sure some additional Director investment (direct investment rather than awarded shares) would not go amiss either when it comes to Fund involvement as this is a criteria for some small cap funds.
Will see in time what happens with the listing and if it helps to open more doors
Interested in other posters thoughts about the ASX listing.
Is this particular listing beneficial for miners, or is there some other reason why others see this as significant/interesting?
Not generally convinced that an additional listing makes a huge difference as volumes tend to be low from past experience of similar.
Surely larger investors would still look at the main listing for investment, so more likely it opens doors for other PI's who may be more constrained with investment jurisdiction?
Yes, so glad I held off selling a chunk of my non-ISA position at $225.
My revised target was $275, but seeing as this is pretty close now, and in quick time too, I will hold off again. I feel I will cave and take some profit if this reaches $300 soon though.
gla
This clown Joey has been a member for 9 days.
120 posts already, de-ramping and scaremongering on around 8 similar shares, whilst ramping another.
Believes he is a saviour of PI's with his 'thank me later' posts.
Filter and ignore (imo)
gla
Wow. this just shows that I must be clueless then.
So, every single company from FTSE 100 down to AIM (there are chat boards for all of them) only get funding because of posters on chat boards, despite the majority of placings being closed to the very PI's who participate on these boards (and the multitude of other sources of funding that are available depending on the growth stage of any company). Sound logic there. So dumb of me to not see this before.
And the MM's check chat boards and move the SP depending on what posters say. Presumably all PI's must disclose to their provider that they have read a chat board before they are permitted to invest and the MM's will then move the SP accordingly? I must have missed that in the T's and C's when signing up.
I worked in Finance for almost 30 years and never knew this was how markets, or listed companies worked. All that time spent working with Fund Managers, Dealers, Analysts, Compliance, Brokers, FCA, etc and all for nothing. Silly me.
How do Pension funds, II's HNWI's, etc get around the 'Joey rules of investment', I wonder? Must be something dodgy.
Pray tell Joey, as your joined-up wisdom must surely be the holy grail of investment knowledge.
It's a Sunday miracle everyone. Praise the Lord!
Let's hope so re: SP movement.
Added some here at 45 a few days ago, having taken profits from another Li play.
I feel prospects here are better longer term. Averaging 55 here now, having also taken good profits here in the past
gla
Worth a try, martinu, although not sure they would add a Q with that tone (understandable as it is).
This is a big opportunity for the bod to take on board the feelings of their shareholders.
I have detailed my submitted Q on here ,as have others, let's see if they do actually understand what their shareholders are feeling, or just come up with a sanitised version of the truth to continue the company mantra which is clearly out of step with the reality.
Long suffering shareholders want to see progress, delivery and some honesty.
Delays are not unusual, but sweeping things under the carpet and giving the impression a lot is going on but with little to actually back it up is a real turn off.
I hazard that most investors here feel they have no real choice but to hold given the paper losses most must be sitting on, not a good look for a company that believes is has a strong future in this space.
gla
Have added some more today from profits taken elsewhere.
Prefer to be holding in a company producing and with good prospects for further growth than one in exploration and facing too many unknowns in the current economic climate.
I would have liked sub-40 to add, but my average has at least come down from 62 to 54.
Looking forward to next news here.
gla
They are more interested in MCAP than price.
Typically they will have a circa 100m MCAP restriction. They may be allowed to buy lower, but only for a smaller % of portfolio size.
Some may have a smaller MCAP level, particularly specialist small cap funds/investors.
Increasing the MCAP will attract larger investors. Price is immaterial (although obviously linked to MCAP)