Member Info for elcobbledore

Morning all, here is latest forecast from morning star, showing bit of an uptick on price. Who knows though, think it’s incredibly hard to accurately forecast what will happen…

https://www.morningstar.com/stocks/basic-materials-sector-underperforms-we-see-strong-opportunities-2

Interesting, another article, some are saying demand is struggling and others saying the opposite.

https://www.cbsnews.com/detroit/news/chinas-byd-is-selling-more-evs-than-tesla/#:~:text=The%20second%20may%20also%20be,China%20Association%20of%20Auto%20Manufacturers.

I think the only recent ii buy was a few weeks ago when there was a big buy at 0.46 think was £350k or something. I think license transfer may hold the bigger ones back, expecting if we can upgrade to 50 mt and get maiden value on gold more will be keen to come on board the kodal train

No worries 0007 Brad and Lav 👍

Https://www.afr.com/companies/mining/core-lithium-stops-mining-as-price-plunge-takes-toll-20240105-p5evcp

Also shows 4 ASX miners making a loss at current prices as they’re high cost, not sustainable clearly. Luckily kod is making a decent profit at these levels.

Https://twitter.com/sparkes_dwayne/status/1743122465629552677

Really interesting analysis time will tell 👍

Https://twitter.com/BLSHigh/status/1743024107783090196/photo/1

Re core lithium, stockpiling

That would be a dream! Hope so.

Found the below Sep 22 RNS which is where I’ve got these from…

Incorporating the above key cost input parameters into the operating cost model prepared for the DMSU highlights a C1 (Brook Hunt) operating cost excluding product selling costs of US$436 per tonne of concentrate produced, with an additional US$125/t for selling costs which includes inland transport to the port.

Hi Lav, I’ve got similar, I have $436 c1 cost and $125 selling and transportation making $561, from a previous RNS somewhere…regardless a decent amount of profit even at today’s price so all good 👍

Yep for sure, Bernie is a clever cookie. Plus big plus is we know the quality of the spod is decent. I’ve been reading articles saying some lithium (doesn’t say carbonate or spod) is having to be returned as it’s rubbish quality…naughty naughty!

General consensus is it needs to be at $1.2kpt as a min from watching a lot of videos and reading up. Think our c1 costs are $680 pt? If so leaves a nice tidy profit 😉

Https://www.wsj.com/finance/commodities-futures/lithium-prices-ready-to-rally-once-more-e3924f13?st=kck51rhic5tzk9r&reflink=article_copyURL_share

Can’t see the whole piece but you get the idea…lithium futures still showing support for an uptrend.

Happy New Year Lav, totally agree, kod being a low cost producer is of massive importance in the market as it stands. ASX miners are starting to stockpile, refusing to sell at these prices. Whilst I am disappointed in the share price (topped up with funding news landing, no regrets though as I was happy in my decision at that time), I have no doubt kod will come good eventually. Happy to hold long. Bring on further drilling and also let’s not forget the gold, hope to have an established MRE at some point 👍

True but then if he was at school he’d call himself Lamboman 😂

Watched a vid last night saying price really needs to hold at around $1200 spod pt as a min for most projects to be viable. I’ll see if I can find it again and post.

Https://www.volkswagen-group.com/en/press-releases/powerco-confirms-results-quantumscapes-solid-state-cell-passes-first-endurance-test-18031

We will see more solid state batteries being tried and tested, good to see some decent results from someone big like VW

Https://electrek.co/2022/07/19/how-solid-state-ev-batteries-could-cut-emissions-by-up-to-39/

Generally use more lithium vs lithium ion too

I’m not sure…I’m not an expert on this though but good to have a sensible debate on it for sure.

https://www.autoevolution.com/news/toyota-and-gac-s-groundbreaking-ammonia-engine-is-not-an-ev-killer-223325.html

Https://www.fleetnews.co.uk/news/global-ev-sales-chinese-carmaker-byd-overtakes-tesla

We’ve probably seen this over the past couple of days. Absolutely flying sales and BYD have even been advertising on TV in the UK. As we know Musk won’t take this lying down he wants to be number 1. And releasing a cheaper car too c£22k apparently for a NEW car! Still using lithium ion too. Demand will continue to rise for electric cars and lithium. There are significant question marks about supply levels of lithium, some saying the quality being delivered is inferior and being sent back which reduces supply.

Threat for me is sodium ion batteries but at this stage of tech their energy density is lower (reduced range) and weight higher vs lithium so will only be viable in some entry level EVs and other electric heavy machinery. If Tesla can make their new car work at £22k using lithium, there is no point them

Using sodium ion.

Hydrogen cars prob the future but 10 plus years away from being mainstream imo.

Don’t led the media narrative scare you. Look at the long term picture. Do you own research and you should find kod to be significantly undervalued, therefore strong buy for me.