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One of the items which stands out for this share is just how few trades there are.
I was looking back to see how I found it and it was someone who had posted (from memory) on the technology minerals page about other shares they had owned.
7 days to go 😁
The press events was mentioned on here. How certain that was remains to be seen. I thought the date mentioned was July 1st and people put two and two together with factory readiness.
Perhaps it isn't as ready as we hoped. SP has recovered from its earlier lows
If we didn't have a kodal view of this, given that battery looks like it's ready in 2024, assuming supply, would you opt for a lower performing, higher fire risk,
slower to charge and more expensive lithium based battery in 2025/26 ?
Battery development looks like it is really gathering pace. How unrealistic is this ?
What if (I am invested in Kodal) by the time the mine was ready, the need for lithium had changed and the world had moved on ....
There are battery developments all the time it seems. Toyota announced a 900 mile capable one recently.
https://www.thecooldown.com/green-tech/niobium-batteries-ev-charge-electric-lithium/
Hope not obviously for tm1 but perhaps the world might be better off without the mining. Possibly the gate receipts for recycling might in time become much more important.
Imagine trading in your electric car you have now in 5 years time and it's worth a couple of grand as technology has moved on so far.
Yesterday I came across a post from Toyota whose battery would power a vehicle for 900 miles.
Found this today which doesn't need lithium it seems, is super fast charge and can be charged many more times.
Batteries at the moment are like some sort of space race with development being announced every few days. Throw in hydrogen which Toyota, Hyundai and JCB are developing (and electric big time for Toyota) and magnetic drives, how long will it be before just stop oil have nothing to do !!
Presume someone working on a warp drive which will be announced next week :-)
https://www.thecooldown.com/green-tech/niobium-batteries-ev-charge-electric-lithium/
Sells have outnumbered buys today.
With my other shares, I would expect quite an uplift on such positive news.
I understand what the company does, it does seem positive but my understanding of the share price in days like this is non existent.
If it was suspended, this could be a deliberate act ? But what does GR gain ?
If it was suspended would this play into canmex's hands ? Share price would be frozen, Panic among those not understanding why and a cheeky offer could still be made ?
Would it be frozen to stop Canmex buying up shares or some other reason ?
If you bought in the last 6 months and have a 20-50% loss showing, this would help no end to put a dent in those losses.
Will it recover though to previous levels ? Just based on trades per day, this is a share that isn't popular. I think if I could get back to break even, that would be it for me.
I think at the time that some of that rise was on expectation. It was all going so well and looked like announcements not far off.
Then as is the norm in the penny shares world, a week without anything and it drifts down. Really for everyone who believes this will go well and judging by the posts that's pretty much everyone, a dip to 1.8/1.9 wouldn't be a bad thing at all.
It looks like there were two things, the safety inspection and ministry sign off
Initial production of PM-1 gas is contingent on Ministry final approval after the sign-off of the final operation and safety inspection
Po valley issued a tweet on the 16th June
Podere Maiar-1 facility, already connected to Italy's National Grid, anticipates supplying gas to the Italian market with final sign imminent.
I had an early look as well ecologist 😁
Everyone expecting it's soon but in the absence of any updates, no one I guess can know for sure if it's a couple of months away, a month or earlier
Or even how long it takes the fire brigade to do when they do get there. Must be pretty detailed given what it is.
How reliable is this as a defense?
References to a “force majeure” event are generally used to mean unexpected circumstances outside a contracting party's reasonable control that, having arisen, prevent it from performing its contractual obligations.