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Border bob - lol im just responding to your 'buy on rumour sell on fact' comment. Don't get me wrong iv used it many times in my life, but in a QE cycle it's not actually been the case. I can go through a 100 different funds from active to bench and HFs to illustrate the point but have better things to do!
I mean Bradda is +80% YTD....im pretty happy with my performance on that!!
For me it's more just don't get your angle. Don't get me wrong I can't stand mindless ramping, but you seem to want to have a negative rhetoric on everything. Which to be clear is absolutely fine but iv made my investment case here and willing to hold it for a number of years so why would I sell?
lol did Warren Buffet buy preferred bank stock in 2008 and sell the day QE was announced? Nope...
It's a lovely age old statement but in reality it might work day 1 doesn't mean it works day 30 or 100 and im not a day trader.
Nice post major oak, and I think you can expand much more on 3. Shell committed spending to renewable energy and immediately cut that during covid…that’s over and with all the issues on Russia they need an esg uptick. Exxon is already under pressure from the new eco friendly board members and it’s clear all these companies are changing esg.
What’s so so key at Cornish lithium is the talk of net negative or even at worst carbon neutral. If they are negative it’s massive but neutral will suffice.
All the major U.K. investments firms have committed at top level to carbon neutral by 2050. They NEED these assets as do the corps you mention.
Add onto that the green framework from boe end of last year, the ecb focus on renewables…got massive investment and changes coming.
I think CL will be like gold dust and trade technically way through its npv.
look on Twitter under von der leyen comments, @EU_commission
Today - will table proposals on how to quickly get rid of our dependency on Russian fossil
Obviously will be most beneficial for the likes of orsted and vestas but depending what they do/say should benefit whole renewables market including lithium prices.
In beta adjusted terms this has massively outperformed the market, been pretty impressive to be so resilient.
The flood of renewables commitments only just starting, von der leyen at ecb stated need for “massive investment” in renewables.
Last time she wanted the recovered fund for corps funded by kfw in 2020, she got 750bn and took 9 weeks. It’ll be a lot quicker this time around so whole supply and recycling chain will benefit.
As others have said ride out the dark days, one to stick with.
Agree Leas, think there's only so many times you can buy the dip......Although I still think stocks bottomed on 'day of invasion' as they have done in previous crisis.....Like you said much bigger issues out there but world has to function as normal as it can for their benefit also.
We need a solution to dependence on Russia oil....Von der Leyen calling for a 'massive investment in renewables' - Get on with it then!
Borderbob, those over the pond do struggle with sarcasm don't they?! Im not expecting a fleet of v tanks!
What is good to see though these Russian oil companies speaking out and stopping production.
Bad weather over here is a little bit of wind and flooding, we don't see what you do iv not had my electricity knocked out for 20 years!!
Wasn't trying to convince you just trying to give you a diff perspective, as assets go I dont believe Cornish Lithium is near the same as others out there BUT itll be the one I believe Ill make a lot more from other factors than just LI.
@ Borderbob, I totally get the idea behind tunnel vision however its justified and to me there is a seismic shift going on.
Like everything there's risk whether it be new technology or less dependency on batteries in lithium etc.
But there is also HUGE demand that hasn't even scratched the surface yet, and the need for reserves has dramatically changed in last 2-3 weeks alone. France had already approved an accord prior for lithium reserves, trust me the USA hasn't even started nor has the UK on that front.
Weve not even seen the impact on vehicles yet and for the uK for eg that will be materially different in 2030.
I am buying a EQ simply for fact I can't be bothered to deal with another Petrol crisis like Summer last year not ever growing costs at the pump. So the demand factor IS changing significantly due to War. China also came out with their green scoring for electric cars, it's clear they are going to push a billion people to owning EV only and that suits them with the amount they own in lithium. Ford is splitting its business out, it's clear what they are backing.
And you say defense ....what's to stop lithium being used in tanks? Or lightweight inventory vehicles? I mean the Russian convey is out of fuel!!!! So....there's a much higher chance its used in defense also!
Germany can invest in alternative energy, sure so can anyone BUT they aren't and wont when Lithium is proven and being used.
Also you get way too caught up in sizes, reserves etc - If you follow Cornish lithium theyve signed 2 new partnerships - 1 with New tech that could be a major breakthrough and the 2nd importantly with IGas,
If they can produce LI carbonate and carbon negative & gas that can then be reused for industrial end users the demand for this company goes through the roof.
Be huge on ESG scoring, every single fund manager in UK will need or want to own it.
If you look at Exxon the irony is their largest rally came from divesting in 'dirty' assets NOT from oil prices!
ESG is a major factor.
The technical for Cornish lithium will be bigger than anything else imo so its irrelevant that its a fraction of the size of LAC
for eg, you will make a lot more from that project than LAC being at production.....
I totally get what you are saying and about falling in love with Stocks and wild valuations, but im not talking 1y im talking years and technical's thrown in.
Also everything you have mentioned below, none of them are on AIM and I honestly cannot be bothered running the Xcy risk at the moment with $. So for us the best exposure we can get is Bradda to the US LI market.
Iv had a few run ins with border bob and can say he actually does know his stuff even if sometimes I think he likes to purposely create friction!
He’s local enough to have a sense across projects something Iv valued with posters on Cornish.
Border bob what I would say is the whole argument around lithium, domestic reserves etc just changed dramatically since Russia invaded Ukraine.
Therefore financing is significantly easier, large companies interest will be higher much higher especially domestic esg changing names. (Exxon for eg). Not saying happens overnight but that’s the trend.
Ultimately a junior miner is about finding and then proving reserves and then funding economically to produce.
Imo that’s materially changed for the better, funding will be significantly easier, demand significantly higher and focus from govt just an added cherry on top.
Lac has done 10/15x so let’s not under estimate here, I think this can do 10x in the next 2-3 years but lot of my holding 7-8 so that’s only 5x from here for similar lac path.
What was clear that mms have been scrambling to get stock in over the last few weeks, they tried having a go lower on day of invasion where historically stocks bottom…I lifted more then and wasn't easy.
Tesla share px implies there’s not enough lithium in the world for cars they would sell on that valuation alone…doesn’t mean the share price is right or wrong for whatever technical or fundamental reason want to use!
And yes I get it’s more a tech company.
Just think the market is in a little state of
Paralysis to some degree, stocks seen rotation into value and there’s where the focus has been.
There just isn’t much say for znwd at the moment and hasn’t been for a while.
It’s only 8th feb and we’re what a few weeks past bcn debacle being fully over.
Chinese New Year basically out the way etc. Covid news seems to be stalling, the searches for it under Google have fallen off a cliff.
Znwd needs to get cracking on, I can’t help but think solar world and bcn has just hampered us more thsn any other miner. At least the shackles should be finally off.
John, to me it’s about gaining strategic footholds like donbras or whoever spelt etc.
as two hits said though, the focus is fed/qe and in reality adding in Russia all it’s done is sped up rotation trade.
You can see defensive sectors aren’t performing, so it’s not a Russia/Ukraine issue.
It’s classic mid term year and into cny, decent sell off we got good deal more vol to come but tvijk the fed goes 50bps March and settles down quickly. Paves the way for a strong h2
R keep an interest even as sold and gone because there’s been some informative posters on here. Who knows someone might find a local article about production or something else that could be relevant for other assets!
There’s always that 0.1% chance the govt uses its securities bill!!!
We’ve all moved on but check in now And again,
Iv even unfiltered BorderBob.
Putin wont March on Kiev, he’ll support separatist troops in eastern Ukraine and that’s as far as it’ll go.
Market is going through rotation more than it’s reacting to Russia, the rotation trade just got sped up.
We will have another heavy down day but h2 was always going to be better than h1 and historically it always is in a mid term year. We also sell off into cny and then buy it back after. Winter Olympics could speed up China in opening up especially if western world is at that point with covid.
These moves been healthy, the fed will be happy some froth taken out. Be prepared for another heavy down day but that’ll be time to really buy and it’ll feel rank.
Yep agree John just a weak market with Russia fuelling it on already sensitive due to valuations. Apple earnings could kick us another let down.
The one thing I had been very happy till this morning was lithium related outperformance …any feud with Russia should re-emphasise the need for renewables…
Hi Kluck, still here just not been on the boards for a while! Not doing anything with znwd, it’s sitting there but adding elsewhere as a pref as other stocks seem to be pressing forward quicker.
There’s just nothing new is there, constant lithium articles and prices going up but some of these miners need to kick on with development etc.
Just wonder if znwd suffering from bcn overhang etc. I really like to get something move forward!
Spacetec whose going to take it on the cheap before 10x? I would agree with you in this was latam or somewhere that would just allow China to step in but never happened with lac so don’t see that happening here.
Having gone through years of Bacanora, Actually have a lot of faith in large holders and bod here.