The latest Investing Matters Podcast episode featuring financial educator and author Jared Dillian has been released. Listen here.
video taken in the dark, so they really are pulling out all the stops to get this producing on time.
we now have a working mill, which is going through commissioning and should be processing by monday.
we still have over 2 months to get it producing 1000t a month. even allowing for minor **** ups. i'd say they're way ahead of target for once.
"Demand for Lithium is going to fall"....
Oh come on now. There's de-ramping, then there's pure lies. In the next few years, it's going to rise substantially and the Chinese know it, hence why they're desperately trying to secure supply by throwing $M's to companies like Prem.
For every 1 article you can produce backing up your point, there are at least 10 saying the opposite.
Why the sudden change in posting style? Cashed out and need the price to drop?
Yes, sorry Watcher, Acker.
I’m just a bit grumpy over #SMD and the merger to become #MDAI. Our #SMD shares were supposed to convert at 8:1 to $10 opening MDAI shares. What wasn’t mentioned was that over a week later, #SMD holders would still not have got our #MDAI shares, which apparently now are over 10:1 conversion and currently worth around $4. This puts most #SMD holders at a 50% loss in the merger, where the deal voted on, should have seen a 100% profit.
I learnt a lesson on SPAC mergers and also that tiny floats of shares, where many holders no access, can lead to severe SP manipulation.
"I voted no in the last vote...despite the campaign on here to vote yes. "
Ah, so it was you then? Wasn't the vote something like 87% yes? What did you want a bankrupt company with no funding to get the plant finished and running? ;)
You appear to have done an Acker when he shorted the stock and needed the price to come down to buy back in. Negative flip flopping strikes again.
You need to try harder, the SP is currently up 22% over the last 5 days, is up today and up 12% in the last month.
at current pricing, at 10.3 smd to 1 mdai, i've lost over half the pre merger value of the shares.
i suppose i was thinking we'd get the shares as soon as it opened on nasdaq on tuesday, when they were worth $10, not 2 weeks later, when the shorters had rinsed 60% of their value. what a **** up! we've been royally shafted here.
At the current SP and if the 10/1 conversion is correct, my SMD shares are going to make a 50% loss, from looking like at least doubling.
The only saving grace is that I've bought some more as MDAI at $3.709 and they're up already.
I fully expect this to rise now and will be holding with a view to top slice if it gets to making my money back and keping some in.
Looks like it might have bottomed out now and is rising steadily atm. Will be interesting to see what we get for the SMD shares.
Although, IG list the company as "Rosecliff Acquisition Corp I" once you've searched for MDAI and bought Spectral AL inc.
$3.6 Sell and $3.8 Buy now.
Well my order with IG went through as soon as NASDAQ opened at $3.709.
3 minutes later, the Sell is $3.50 and Buy $3.77 and rising.
I've put in an order on IG for some, but you can only do a limit order, not a quote. I suppose when the market opens, it will go through.
Not seen my Spectral MD Holdings shares get transferred to MDAI either yet.
"Give me a like if your invested in both Kod and Prem but see more potential in Kod"
Many of us are invested in both, but can see that Prem will be delivering and rising a lot earlier.
When Prem booms, I should imagine many will move a lot of funds into topping up KOD before it booms.
"I was drawn in here many months ago.
I bailed out , I don't trust Roach.
Don't be tunnelled vision here.
Worthy of a very speculative punt though only if you can afford (possibly) to lose the lot."
Trust Canmax then. They're not stupid and have upped their shareholding to 17.4% on top of a $34M payment up front.
They seem to think it's sitting on a valuable deposit and will be delivering soon.
If they can't produce 1000T within the next 2.5 months from here, it's time to throw the towel in. We have until the end of November to produce the first 1000T and there are mountains of part refined ore already being stockpiled waiting for the mill to be finalised, which seems very close according to STARK.
I suspect STARK and PREM are going to keep quiet then exceed expectations to quell any former disappointment of missing previous targets.
Https://twitter.com/PowerMetRes/status/1701885053402325417
A brief rundown of ongoing projects and surveys.