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Northvolt, LG, Samsung, and CATL has over 40billion in contracts for car batteries. VW plans to produce around 22 million cars in the next ten years alone. All these companies do other battery, not just cars. (phone, table etc) So without Prem there is not enough Lithium in the world or found to fulfill these orders at present. Yet ppl are saying are you sure we will get a JV and saying is it 1.7tillion or 4. 6 billion (if its 160mt of lithium it's 1.7tillion, if its 500000 odd tons its 4.6billoin) both make this share worth 20 times. GL all and DYOR but I think I will be here past the 1p mark.
Oh and the reason it seems we didn't go up today was Monty fool trash this share a company that buys in to a share then asks you to boost it for them and charges you a fee to do it. If you lose as their sell its your own fault for getting in to late.
No I don't I see this slowly rising in hopes of news with the news being here within two weeks to send this past 1p IMO.
It has been steadily rising and should continue. most people who would sell up, are likely gone by now with some day traders coming in and leaving causing the small up and downs. The EPO was a huge deal for company and with the right JV or maybe even take over this will shoot up but as always DYOR
We say about cars a lot but lets not forget that Lithium is in our phones and tablets, our laptops and smartwatches,
But I do agree that VW plan is massive and I would not be surprise at the timing of VW news that there is a massive play here.
Invertor112 i think this will open at 0.35 I did notices the MM left the sells to last in the after hour trading but look at the times, IMO I see this being in the 0.45 park by end of tomorrow. But we will have to wait a see. I also see the main resistance being 1p on Friday without anymore news
Ok lets do it with these numbers 526000 x 9387 (current price if we sell it to China not the US etc) that equals £4937562000 so not 1.7 trillion but still 4.937 billon that is with out the other 60MT to 80MT and other materials being taken into account.
hope that helps.
Also so you lot don't feel bad I bought a mil here at £487 and then sold it at around £800 I bought £16k worth at 0.42 so if i think I am going to be ok I am sure you lot will. This will go up from here and jump up on JV etc (years in the making I am sure someone is already lined up)also I am sure PREM has not just been waiting, there is going to be materials that are ready but just not above ground yet, GLa
Charlie as you know I sold, I made profit and I have come back in now (wish I just stayed in) I have bought on the spike (I am sure it will go above that) but at no point have I said its is someone else fault for my bad timing and decision making. I felt bad that some one basically come at ACKER earlier. WE are all grown ups and should act like it. The RNS was great news . we should all wish each other the best and hopefully all make good money out of Prem. Also you can look at it as you are helping the world this can make non-petrol cars a reality. GLA
The mm managed to fulfil the massive buys at the cost of the of the shareholders. 1000000000 and 2 x 40000000 by tree shaking and getting ppl to sell low. Just look at the times but hopefully Monday will be a great day because of it.
I am sorry Shareinthis, I will endeavor to use the right grammar in posts from now on but please forgive me if I am in a rush or working and trying to share info.
Are is the present tense plural and second-person singular form of “be.” Our is a plural possessive determiner that means “belonging to us.''