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I don't think we should be too concerned by the time it will take for the real samples to arrive in Mumbai, because as the RNS states:

"Clontarf's joint venture partner, NEXT-ChemX, is assembling, and commissioning a Direct Lithium Extraction pilot plant, which is preparing synthetic brines for preliminary testing based on chemical compositions recorded from our sampling of priority salares. "

So by the time the real samples arrive they should have optimised the plant configurations to give a high level of confidence for processing the actual brines.

I see it as a nice way of buying time to get the process 'spot on'!

"I know a lot about IAG, EZJ and CCI through various means!"

In my book that's called insider trading. So if he suddenly goes quiet we'll know why! 😄

I've noticed over the last few days the price seems to reach a hiatus early afternoon the drop all the way to close. I had a look at the trades this afternoon and there were significantly more buys than sells in both number and volume, yet the price dropped.

I don't profess to be the most knowledgeable investor, but this doesn't make sense to me and was wondering if it has anything to do with Spreadex and how they operate.

If anyone can spread some light and educate me I'd be most grateful.

Thanks

Hexy,

You've said exactly what I have been thinking; something somewhere has changed! I can't see any obvious reason for its slow continual rise, but I'm not complaining!

I wonder if someone is building a stake to challenge Bosch and Weichai.

Shell?

Hasiba,

Yes, I agree the technology works, but has only been proven in the laboratory. To create an efficient continuous industrial process is another challenge in itself. That's the point I was making; nobody will use it if the cost of the lithium is significantly more than traditional methods. From what I've seen environmental concerns seem to be ignored where money is concerned!

All the best.

Thanks to all who answered my queries.

In my opinion, a successful demonstration of the pilot plant within the prescribed time frame is the key success factor to this entire project. Get this right and I don't think any amount of funding will be a problem.

Perhaps this is why the share price has not 'taken off' yet.

For all our sakes, let's hope it works.

Good luck to all.

I may have missed this news and if so please correct me, but as far as I am aware Next-ChemX are still working on their pilot plant. I think it was scheduled for completion by the end of Q2 this year and is needed to determine whether their lab proven technology can be successfully adapted for financially viable commercial use. Without this we will be going nowhere!

Can anyone provide any insight?

Thanks.

188p

Thanks to all for the information, it does sound encouraging and hopefully will present opportunities for Ceres. A reflection in the share price would be nice though!

Norway to build world’s largest hydrogen-powered ships - Interesting Engineering

https://interestingengineering.com/transportation/worlds-largest-hydrogen-powered-ships

They will be using fuel cells and I recall a while ago that Ceres were teaming up with a Norwegian firm to marinise their product. I can't remember who so if anyone else can shed further light on the subject it will be appreciated.

The JP Morgan target price is in Euros which equates to about £2.15 sterling.

I think Flatliners was being ironic. Note the last sentence: "I've kept some to sell at 0.01"!

I'm hoping so too, given we have a good relationship with the Bolivians and don't seem to have much trouble raising funds, so I've bought some more; 5M at 0.0348

Fingers crossed!

If we look back to last week when the news broke, come 14:30 there was very little change in the share price, so I think it will be the same today. I doubt Ceres is known by most investors in the US, but with any more major deals they soon will be.

Looking forward does anyone think an additional listing on the NYSE would be beneficial?

(Just pure speculation by me!)

Hopefully it may spur Weichai and Bosch into action!

https://www.hydrogeninsight.com/transport/sales-of-hydrogen-powered-vehicles-in-china-rose-by-more-than-70-in-2023/2-1-1586080

In support of what EyeQ said earlier, why would they steal the technology?

Weichai own 19.7% and Bosch 17.5% of Ceres' shares. They are the biggest shareholders and each has a representative on the board. Bosch and Weichai also have a long standing working relationship and any monies Ceres will make from the JV will only be a small percentage of overall revenue. So in my mind it makes no sense to walk away as for a small amount of money the reputational damage would be immense.

Yes, I'm as frustrated as everyone else here as I'm deeply 'underwater' too, but I think we've just got to sit this one out. Just hope I'm still alive to benefit!

Having read the 'chat' this morning (please chaps, tone it down a bit, everybody has a different opinion and we're all here to try and make a few quid) I feel I need to point out the basis of the lithium extraction technology; it only works on water soluble salts, ie a solution.

Taking one we all know, common salt (sodium chloride) when it dissolves in water it dissociates into its ions (sodium Na+) and chlorine (Cl-) which will then naturally gravitate towards a cathode and anode of an electrical circuit. The clever bit is to design a membrane that allows only targeted atoms through. Using this example again, sodium is a group one metal in the periodic table with atomic number 11 and lithium a group 1 metal with atomic number 3. Essentially lithium is a smaller atom, so the 'holes' in the membrane have to be engineered smaller to allow it through and keep the undesirables out.

Hence in a nutshell it is ideal for use with the salares of South America, keeps water use to a minimum, but in its current form cannot be used to separate hydrocarbons.

No, I'm not a chemist (ex R-R engineer) but just an interested layman.

I hope this helps.

A little more which includes an interview with Ceres' Chief Technical Officer.

https://www.proactiveinvestors.co.uk/companies/news/1032328/ceres-power-passes-major-milestone-in-green-hydrogen-program-1032328.html#

AFC Energy's ammonia cracking process now produces hydrogen of a purity that meets international standards for fuel cell applications.

https://ukinvestormagazine.co.uk/afc-energy-shares-rise-on-ammonia-cracking-hydrogen-test/

I have a vision in my mind's eye of the Chief Executive of ExxonMobil emptying the change out of his pockets for his 5% stake!

Sorry, I couldn't resist 🤣