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Also added today. Underlaiding value here if they can sort out the debt repayments. TBH I could even see SF putting in another cheeky 10p bid if this drags on.
@ MattyD783 the risk of using tight stops on AIM stocks! I would say smaller position and give a bit more risk on this one. Seems pretty illiquid and the spread seems to widen at a drop of a hat! A ***** for stops.
Been waiting for a dip under 2p. Wasn't quick enough today!
Someone knows something somewhere!
Not a huge 'supplier' of Vanadium yet but they are sitting on a big supply. Otherwise I agree that they could delivery big LT. But this is a longer term play and a lot of hoops to jump through before they can release any of the big potential! Let's just see if they can keep the power on first!
Yep, 250 years possible mine life! I don't think I have ever came across a site with a longer projected life span.
£1B market cap seems a fair LT target to me, just got to can the mine build before demand in Lithium spikes in a few years time!
10p would be a great entry level, if we get back down there! Lots of upside to come from this share but a longer term play. One to build a position in! And yes I wish I bought more @ 4.5p!
But is ODX suppling these?
Good timing. Nice pull back to average in on.
Yeah, I agree. A good consolidation is what we need at this level. Actually I did toy with the idea of selling a few to buy back in a bit lower last week! Didn't do it as I think there will be plenty of buyers on fairly small drops and I wouldn't want to be out of this when it takes its next leg up! A couple of month consolidating around the 50-60p levels and a news drop shooting the price back to 100-150 would be perfect! ;D
So what targets are people looking at here? Or do we have some LTHs who will be hoping to hold forever. I penciled in a target of £3.50 when I bought at £1.20, we had a good run but didn't quite make it (story of my investing life!). Backed off quite a bit now and I find myself wondering if I shouldn't have just taken the £2.90! ;P
TBH, these simply wall st news things are pretty pointless. They seem to have several templates and just insert name here. Its worst than reading the MF! LOL.
Lots of spec. on where/what the new asset will be but haven't they focused mainly on the Iberian peninsula in the past?
This tells me that there is a lot of competition coming online in the future. Fortunately we are a front runner and should still have some of the lowest costs around. Maybe any spike in Lithum prices we give us enough cash to buy 1 or 2 of these guys out! ;P
Thanks for the link, I will have to have a serious look into some of these projects.
£1 by feb, seems a bit quick to me. https://www.youtube.com/watch?v=rCeghA0WRUY
50k ton pa? I thought stage 2 was aiming for 35k ton pa.
@johnpwh side question, how is your knowledge on withholding tax! I also hold FXPO and I can't even open the stupid tax forms from the Swiss tax authorities! They have withholding of 35% on dividends (still been getting 8.3%, what a stock!) but there should be a way to claim 7/11-ths back? Filling in 3 form (which I can't open) sending to 3 different places., etc...!? Any advice on where to get help on this? I've not had much luck on the several searches over the last few month that I have attemped on this subject! Held since Oct 2019 so tax has build up to a reasonable amount on this one, I suppose I will need to find a FA or accountant with the right tax knowledge to help.
Interesting tax debate, fortunately all my current BCN holdings are in my ISA wrapper, so capital gains or the income tax on dividends shouldn't be an issue! I remember a certain financial advisor telling me that I shouldn't have XYZ stock within an ISA. At the time it seemed that they thought that only dividend paying bluechips should be within it to make best use of the tax-free wrapper. I don't know how true that is now, I haven't spoken to a FA since then!
@r7632 I'm only jesting. I really have no idea if/when they might start playing out a diviend. But if this turns out to the cash cow it seems to be (obviously also largely dependent on lithium prices), a cash pile could start building up pretty quick.
@mr.james I'm in the same situation. Toyed with the idea of top slicing but think this is the safest AIM share currently out there and should get to production! I already am considering how much the first diviend might be come 2025! ;)