Member Info for LuckyLuciano

Many thanks LE...and quite correct.
I get my price clues from the below...
https://www.metal.com/Lithium/201906260003
Lets remind people reading these posts that Pilbara control a fraction of lithium market, and that lithium market is not so connected and global as one may think.
Given that the biggest producer and buyer of EV is China, I like to keep an eye also on what they do and think about prices.
As I mentioned before Li (so far) is not quoted on mainstream western commodities exchange, hence any downward correction wont be speculative and volatile, to the point of break the market and loose credibility, western style.
ALL asset in the resources/reserves and grade they got is world class.
But as in any lithium mining project, patience is required, EV and the lithium market is relatively in its infancy and need rebalancing for it to be a mid/long term trend.
Price corrections are welcomed, if balanced and reflecting the true demand/supply.

...for sure.
But I though from last $8k/t to now $6.6k/t represent a decrease, not increase.
Is it a misspelling?

ceejay101 genuine question.
When you say set the floor, what you mean....that they will buy at 30/32?
IMO we need to see ALL sp in the context of the whole lithium market and pricing.....
Indeed 30/32 is support (for whatever reason) but we are entering few months of uncertainty for Li price and the whole economy. Not so sure how 30/32 will play out, drill assay out are becoming recycled news, recent one where the best one can hope for and did noting for the sp.
Simply looking at market and sentiments.....If you believe the mid/long term story which can be very profitable, just accumulate on the way down, see you next year.

Goldman sucks

Good article
much better and informative than Godman Sach recent report on lithium market.
Yep right now is all down to sentiment and perceptions I have incidentally topped up today even though I feel I might find a better sp entry down the road.

I am afraid you got this completely wrong.
Surely there is some downward pressure, but noting to do with general market, not the likes of 2008 or covid pandemic downturn.
I see more selective sectors going under pressure as we speak and possibly a flow of capitals from sector to sector, from asset to asset.
Currently is the turn of lithium, thanks to GS and possibly a price of lithium that of recent has been running a bit too fast, with projects still 1/2 years away to cashing in on production, sp are under pressure.
Pilbara minerals for example is increasing production at increasing prices, and still its sp is in free fall.
Even with a PE coming down there is now a fear/perception in the market that if lithium prices will drop drastically, sp will follow....it could become a self fulfilling prophecy.
Good times to have some cash on the side for cheap entry points.
Looking at the tech graph of many lithium shares, they are all over the place....most with support levels much too low but still very high compared to the recent sp increase since 2020.
IMV it all depends on lithium price, which worryingly is still at very high levels compared to many other commodities...
China ending subsidies for EV in 2023 will be something to watch, to see if EV sales are still keeping up LI demand.
Best to be patient and wait for the new year....

SP action of ALL is becoming so predictable one may get easily bored to keep watching it..
every little rise is sold of and often at closing.
I am waiting to average down to buy in at 30/31 but I am just wondering if will that level holds...
Not exactly connected on tech is Piedmont sp which as I type is dangerously close to 4 moths support, if that goes next down is a scary 32$, which for the last 3 years would still be some 500% increase hummmmm

I mean is puzzling....
last night on AUX market Pilbara on positive auction sale price, down more than 11% and at some point 15%, with huge volumes. Is it sell the news? Is it a short selling orchestrated by GS and Co. to get in on the cheap for long term investment....
If sp of lithium companies are under pressure now that lithium price is still very much high, just imagine if we see a normal lithium price correction what will happen?
I just sold my FRG shares and now focusing on averaging down on All and LLL (Aux). Looking for decent entry on Sigma

...and yet massive sp correction going on among every lithium company.
No doubt noting goes up in a straight line and possibly lithium share prices of late were getting a pit too hot.
Add to that GS gloomy prediction on lithium pices....to note the end of China subsidy for EV aby end of the year, and also US taxing EV ...
I suppose is a good time soon to top up or average down, valuation for many lithium companies out there has always been one or two years away when they will start production..

Goolang the most pathetic attempt to deramp All I ever read.
As mentioned I am looking to top up here, but watching closely the sp action in conjunction with news flow.
More positive assay results have failed to lift sp, and resource update is already know to be around 36/40 million.
Meanwhile the sp even if slightly is making new lows....awaiting 30ish. This for me is an investment to production, when possibly ALL sp will be well beyond £1

Sure and thanks GK, I suppose all will be revealed earlier has Sayona will be producing before ALL.
Another thing I am not so sure is the statement of production been supplied by ALL to Piedmont at market value.
Surely if Pied has to pay the full market price for spod they wouldn't need to finance 50% or so of the project.
In the case of Sayona supply they have a max floor price of 900$, but for All "market price seem to be the agreement ???

Unfortunately the question I wanted an answer to was not there.
And that is, what about if Piedmont by end of next year doesn't have the refinery ready up and running.
Are we going to go ahead anyway with ALL project and sell spod to someone else, what the implication with Piedmont?

https://www.investors.com/news/china-ev-sales-november-2022-nio-li-xpeng-byd-hopeful-positive-signs/
Looking good and expected more to come in December.
But the acid test will come with the new year, end of subsidies for EV from China may be balanced by new subsidies from Europe and US....We will see, but mid long terms lithium demand can only increase.....
Specific to ALL in absence of catalysts, if 39.50 doesn't hold can see going back to 30ish base support, when I will top up.

Visitor I get you point in been invested in SQZ, but please let me say a couple of contradictions..
First, oil/gas companies are notoriously volatile and risky, to invest in a company only because of the cash pile is not a good reason imo. Best case scenario you will see its share price been eroded slowly in stead of fast....
Secondly the cash SQZ have is like a carrot in front of a donkey, the BoD like to talk a lot about it, but do the least to distribute this cash to you and me.
Now the next excuse will be preserving cash, for expensive acquisition of their choice abroad.
I can think of many other UK companies that are less risky and pay more dividend, possibly with more potential for sp appreciation.
Indeed the UK government has finally destroyed completely an already very difficult sector, in the NS.
The only hope for a sp appreciation here is a reverse on tax policies, which imv is not going to happen any time soon.

With current update after Eigg disappointment, the company is clearly stating possibly for the first time, a change of strategy.
NS oil has become a toxic investment for a while now but more so lately. IMO the only reason to be invested here is for the sake of Patriotism or Nationalism, or if a NS oiler was to playout above inflation dividends.
SQZ more than HBR for example is a pure NS oiler. Investors here are now relying on SQZ BoD to look for an acquisition outside NS, when they could do that themselves, buy investing directly in another oil company outside NS.
I personally don't see the logic to rely on a company strategy for diversification, when I can directly make these choices possibly with more flexibility in choices and timing.
I can see SQZ sp going lower if and when they will decide to buy outside the NS, has these operation always come with costs attached and nasty surprises, especially if the BoD has no relevant experience and has to pay a premium for it.
If you are looking for an high risk reward oil investment outside the NS, take a look at Invictus Energy.
Please excuse my open honest views on the subject...All IMO.

https://www.investors.com/news/china-ev-sales-november-2022-nio-li-xpeng-byd-hopeful-positive-signs/

bentnose
and on that note I wonder why it is taking so long for a Ghanian commitment here?
Are they looking for a cheaper entry point?
Mind you the right thing to do would be mining license first and then financial commitment, even if the money are coming from the same source....

.......But latest rns on directors appointment remain a worry, if this is the climate going round with the BoD then all the ALL,RICCA, FRG connection goes out of the window...
I hope these guys don't play the "fantastic asset card" to to fell asleep on the job?!

My crystal ball tells me there will be opportunities below 40s..

Couldn't agree with you more Sunshine69
no background experience information on these two appointments and no reasons given for the need of these two jobs.
Looks more like Piedmont cash is bringing Christmas a little bit more close......