George Frangeskides, Chairman at ALBA, explains why the Pilbara Lithium option ‘was too good to miss’. Watch the video here.
Happy to keep buying at this MC while Fitzgerald liquidates.
DYOR & GL
Blue Carbon is a new company.
https://www.thenationalnews.com/business/road-to-net-zero/2022/10/12/uae-holding-company-launches-new-entity-to-boost-green-investments/
Well run company who have been funding the Australia project from funds Oil.
Can see some large trades in the 1st hour.
Alway DYOR & GL
Market cap 3m, must be worth a punt IMO.
DYOR
Interesting article while we wait.
https://www.greencarcongress.com/2022/10/20221007-penta.html
Lithium on the move again
https://tradingeconomics.com/commodity/lithium
Was it sorted and he stayed then?
26th of August last year in an RNS
GP Jersey continues to wrongly imply that the Company has something to hide. The Board is aware of its corporate governance responsibilities and conducts its duties accordingly. As specified in the Notice of GM, the Company's Nominated Adviser guides and advises the Company on its responsibilities to ensure compliance with the AIM regulatory regime and, each year, BDO LLP (the fifth-ranked UK audit firm) audits the Company's accounts.
Ø GP Jersey implies that the resignations of Chris Brown and David Sandroshvili are a justification for a full-scale forensic investigation into the affairs of the Company over the previous three years, but the Company does not agree with this. The Company has recently announced the appointment of Jeremy Asher as an independent non-executive director and is in the process of appointing an additional independent non-executive director and expects to make an announcement about this in due course.
Christopher (Chris) Brown, does anyone know what exactly is/was his roll within Block for the last four years?
You couldn’t write it.
Code word
Xmas tree = No duster.
Still moving up
https://tradingeconomics.com/commodity/lithium
Can’t even write a 10k cheque now!
In a nutshell, Bougouni Project is located approximately 180km south of Bamako, the capital of Mali. It covers an area of 350km2 and benefits from established infrastructure via a sealed road from Bamako. A Mining Licence was granted in Q4 2021 ahead of planned mine development. The company is now planning the construction phase of the project and is confident of achieving support to finance the project. The updated review of the flagship project highlights the robust development opportunity our Bougouni Lithium presents, alongside the current buoyant market conditions for lithium spodumene concentrate. The feasibility update was released in June 2022.
Lithium has a wide range of uses, including: batteries, ceramics, glass, greases, pharmaceuticals, etc
The value of lithium has been rising in recent years due to its use in electric vehicle batteries and energy storage systems. This has caused a "lithium boom" with exploration and production activities increasing around the world to meet rising demand.
Mali has great potential for lithium mining due to its large deposits of high-grade lithium ore. In addition, Mali has established infrastructure and a skilled workforce. These factors make Mali an attractive destination for lithium mining investment.
My conclusion is but DYOR, Bougouni Project has the potential to be a major boon for Mali's economy by establishing the country as a player in the global lithium market. In addition, it would create jobs and provide a boost to the economy through increased investment. The company is confident of achieving support to finance the project and is now planning the construction phase. With rising demand for lithium due to its use in electric vehicle batteries and energy storage systems, now is an excellent time to develop this project.
Yes funny times Clapa!!
Seams like only like yesterday China ran its business on brown envelopes, it’s was always a simpler way to get things done quickly.
Looks like they well need to raise again, down to their last million I see.
Wow, well done and I’ll be listing at 11.30, just wish I topped up with a few more yesterday.
Could just be the next generation Dri-FIT technology..
Lithium carbonate prices in China rose to a record-high 500,500 yuan/tonne
Target price has always been .7 for me so still 10 bagfrom here.
In a nutshell:
Recovery ("WHR") system. The WHR system was successfully tested in Poland, using a non-branded automotive engine. The trial produced a power output of over 34kW during several weeks of testing. Phase one of the WHR system development has concluded. This news is encouraging for Inspirit as they move closer to launching their marine application with Volvo Marine.
Barrenjoey has become the latest market commentator to significantly upgrade its price forecast for lithium, with expectations the market they say will remain tight until 2024. In their research note, the company’s head of mining research Glynn Law**** noted electric vehicle sales globally continued to outpace combustion vehicle sales, up 117 per cent year-to-date in China and 32 per cent in Europe. "The key limiting factor to greater adoption remains the development of raw materials, particularly lithium.“I think the market expects a surge in supply in 2023 which would expect to be more tilted towards year-end and into 2024."
Lithium is an important metal in many industries, but it's especially crucial in the production of electric vehicles (EVs). The demand for EVs is only going to increase as concerns over climate change continue to grow and countries around the world commit to reducing their reliance on fossil fuels. But as Law**** noted, the key limiting factor to greater EV adoption remains the development of raw materials like lithium. In other words, we can't produce enough EVs to meet demand because we don't have enough lithium.
What This Means for Investors like us?
If you're thinking about investing in lithium miners, now is the time to do your due diligence. The demand for lithium isn't going away anytime soon, so those companies that are able to mine a steady supply of raw materials will be well-positioned to weather any potential storms in the coming years. Pay attention to news about new mines opening with Chinese backing as those are the companies that are positioned for long-term success.
The bottom line is PREM / KOD are both on the the right track and it’s just who will leave the station? That said IMO if you're still not paying attention to the lithium market, you should be. It's one of the most important markets for anyone interested in investing in EVs or batteries, as it's only going to grow in importance as time goes on. Also feed tariff as getting lower and lower so battery storage is going to snowball. Do your due diligence and pay attention to which mining companies that are engaging and securing funding, from the like of the Chinese government or mining giants like Glencore; they're the ones that will be successful in the years to come.