Member Info for jimb2

storage 7 x 1,300 - 9,100 bbls

I'm expecting all LCE prices up to 180 day to turn green by year end and for 360 day by end of January.

http://www.asianmetal.com/LithiumPrice/Lithium.html

J_anuary ;-)

2019 is the year for the ramp up in China and looks like they will struggle to convert the 650,000 of spodumene concentrate into battery grade and my understanding is that the 650,000 is being included as a converted source of LCE. If we then see higher density batteries eventually lithium metal then forecast will seem very conservative.

Elon Musk over the last couple of years has played down the importance of lithium to Tesla but still has signed the Ganfeng supply deal?

I do take note of Simon Moores view, this was recorded in August:

https://www.youtube.com/watch?time_continue=11&v=Qj4pfE8euVY

I don't expect there will be an oversupply situation into 2019

Some impressive growth over 2017

http://www.ev-volumes.com/country/china/

GL

we will see a upsurge in demand for lithium

https://asia.nikkei.com/Business/Companies/SoftBank-moves-to-lock-up-lithium-the-lifeblood-of-electric-cars

posted by Fingersxed on EMH bb,

GLA

AM Stats: Chinese lithium hydroxide producers' stocks dramatically up by 91.0% YOY in late Aug

!

Hover your mouse over the first Market news heading:

AM Stats: Chinese lithium carbonate producers' sales up by 45.3% YOY in Aug

http://www.asianmetal.com/LithiumPrice/Lithium.html

Did you know China ramps up production heading towards year end!

wrong section of video:

https://youtu.be/RHEj-ntGiQc?t=2m40s

BMD could happen before your fantasy placing ;-)

Brockham next how soon after Balcombe weeks, days or hours?

It's also just waiting to be turned on.

https://youtu.be/RHEj-ntGiQc

https://www.bbc.co.uk/news/business-45550025

All is coming into place.

Where was Theresa May a couple of weeks back announcing £106M investment.

https://www.gov.uk/government/speeches/pms-speech-at-the-zero-emission-vehicle-summit-11-september-2018

~~~~~~~

Because, over the coming years, the way we commute, travel and have our goods and services delivered will change irrevocably.

Electrification, self-driving cars, delivery drones and electric cargo bikes – will all help reduce traffic, improve journey times and safety, and free-up space in our towns and cities.

GLA

Will Angus results be announced to Horse Hill?

What's the possibility of a suspension pending an announcement of involvement from a major upon results?

I'm just curious based on DL's interview as it seems all the boxes are ticked other than flow results to get them interested, considering he mentioned the majors he has spoken with are very excited by the Nutech and
Schlumberger results.

https://youtu.be/CGh03ErAxpM?t=9m22s

Sub $25/bbl onshore must be very attractive.

For low cost onshore, especially if production is below $25 bbl

https://youtu.be/2b3ttqYDwF0

Could lead to the Weald juniors being snapped up!

Yes I'm behind SS but do enjoy TW making a Twhat of himself, he so excited at having a pop at DL that he can't get his words out.

https://www.youtube.com/watch?v=a2h2kWmf5iA

I really don't believe the BBC should have gone to such lengths publishing a very weak story!

Sbuild is partly correct, renewables and ev's will cause a drop in oil prices starting in about two to three years or so and having low cost onshore resources will be essential, offshore players will want to secure economical plays.

Sorry if that backfired on you - LOL

trbw,

farewell or fair well?

Well to be honest there was a buying signal, when some desperate people bring up directors salaries on the verge of big news noy hard to see why.

There's me being impatient buying above 2p but I'm fearful that I might miss out if Angus and UKOG both announce 1500-2000 bbls flowing at the same time so a little premium price to pay but feeling better for having bought.

https://youtu.be/RHEj-ntGiQc?t=2m42s

Scamdic, I don't suppose they might drill more wells and produce significant volumes, just something you might want to consider and not forgetting oil majors might take an interest?

Posted last month, Simon Moore's view on lithium oversupply.

So, we spend all our time in China building our own an internal view on this. That view is the –we’re about 640 thousand tonnes of capacity listed. Now, listed in nameplate does not mean that’s actually there and that’s a key thing really for us the real capacity number within China right now this year is about 220,000 tonnes, so investors would read 650,000 tonnes that would mean lithium oversupply, “we knew it, let’s –let’s get out of the industry.” The reality is that real number is about 220 and then that’s operating at capacity. So, the capacity is probably, we could probably half that again to get the amount of production that we would want to see, then all of that production in China is not necessarily quality to go into batteries. So, that’s another hurdle that the industry has to go over and so, the further you go down the supply chain, the harder it is to –to make the right kind of products for the industry. And that will naturally restrict supply. I think that is the key thing for investors to understand.

J