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Breaking resistance from the two recent highs
More than twice as many buys than sells today. KOD was just under parity with slightly more sells. ZNWD nearly double the number bought than sold.
Lots of Li miners who have benefited from sharp rises recently have paused and slightly retraced from thier new highs. I don;t see anything different here. Li is in demand, lots of covid news market is wary. Li is in demand.
Fundamentals and technicals aligned here, should easily see irr and znwd in the 30's next week. Two huge 1.75 mil buys here after the bell on Friday 16:37.
The 6 month charts for irr looks very similar to znwd, irr is just about to break out like znwd did a few weeks back. Mad scramble for Li in progress
Lithium is huge right now
https://www.mining.com/gm-moves-to-secure-us-sourced-lithium-for-its-evs/
Any company with a resource will do well
I think all the punt money is in Lithium right now, might need to wait for that to cool off a bit and some news about the Philipine project will help also
Price on support of long term uptrend/sideways trend, .40p doesn't look out of the question
Plenty of rising market interest in battery cell resources.
Fair bit of news due
Price is sat on long term support. So all things being equal we should eventually see some movement upwards.
Absolutely, I am very cautious about the political stabilty of the countries where we are seeing other Lithium companies boom at the moment. The resource could be massive and company eell run, but the politics can ruin it all in a blink of an eye.
In addition
"Europe is leading the way with regard to EV manufacturing, but, as the recent pandemic made evidently clear, global supply chains can be easily disrupted. This means creating local supply chains is paramount to meeting manufacturing targets."
Following the large step forward the buisness has made this week I expect they could use the AGM to outline the plan going forward.
Going from being shackle to an asset half owned by a liquidated partner to achieving 100% ownership of the asset (for bargain price) is a huge leap forward and more than justifies a break out from a longish term trading range. Be interesting to hear what is said Monday, quite possible we will see positions being taken up before and on Mionday as a result
Thanks news. 11th November
So ZM allegedly attempts to defraud shareholders and now is trying to sue the company due to losses incurred as a shareholder?
Surely any court would see that as utterly bonkers
..and Nordstream, time is getting on this can't drag on for too much longer
well it couldn't come at a a better time than now
https://www.bloomberg.com/news/articles/2021-06-15/gas-is-so-scarce-in-europe-that-coal-is-making-a-comeback
Also encouraging that FRR themselves stated they have a share register with 2000 holders on it.
Thanks Earsbern, So the asset is with FRUS, FTI have the 5% that was intended for them. So that is starting to make it sound like. If they can prove the asset then its just a matter of securing funding, which has been alluding to. So is is the case in Feb 2022 needed to be resolved first?
Thanks tsbs1. Im sure someone posted the extract of the PSA stating that GG didn't need to ratify it, so that all seems to have just been a ploy by them to make it look like it hadn't, this ,may have suiting FRR as it lead FTI to wasting alot of time and effort.
The Arb seem to suggest that they couldn't transfer though which is odd how did they come to that conclusion and does it overrule? Will a further court decide the whereabouts of the asset?
Would I be right in thinking few conclusions can be drawn at the moment and we are awaiting further news?
I thought the YA debt was settled long ago on favourable terms for FRR or did FRR fail to pay even the favourable terms!?
Are we still waiting for clarification of where the asset lies? The court seemingly ruling the transfer to FRUS was legit ie the GG seeming leaving it disputed and not filling in the offical forms presumably in cohort with ZM so he could try to pull a fast one?
So..
What was the Default that got overriden that B2O posted about, I assume that wasn;t teh default that triggered the whole FTI thing ass surely that would have stopped the liquidation?
The liquidation seems to have stopped anway due to FTI running out of money ? and also not actually knowing where hte asset is?
The court ruling appeared to say the transfer to FRUS didn't require the GG consent so does that mean the asset was moved to FRUS and is safe or does that need further ratification in court.
Does anything know if FRR can proceed with business now or is everything still on hold till the next hearing in Feb 2022(!)
Many thanks to ALL putting in the hours hear Looed obviously.
Its still hard to see if this really is a sh*tshow or drunken style kungfu!