The latest Investing Matters Podcast episode featuring Jeremy Skillington, CEO of Poolbeg Pharma has just been released. Listen here.
The question you should be asking is actually are we getting paid from CEZ anything? As per last announcement after the deal it was understood that we don't need to raise anymore funds because we are getting paid from CEZ as managers of the project. Be in the meantime we just announced that we set up a new funding facility for the next 12 months and today that we are issuing new securities at the price of 0.24 aud. Correct me if I am wrong.
On the positive, finally we realized that the ones calling us for the past three years, WV, BMW and the rest, had the wrong number. So finally now we are paying DGWA to fix the line so they can get through to us, lol
" Who are they going to call"?
Lol mrcautious, because they failed to mention that yesterday fell 26 percent on the asx from 0.285 to 0235. Do today it bounced back. Simple. Somehow in this forum they mention only when it goes up but never when it goes down. I hope it makes sense.
Buying pressure? What are you talking about? There is one buyer at 0.295 for 35k shares and one buyer at 0.31 for 80k shares. The price is currently 0.32 If this is considered buying pressure people may have to reconsider what they know about share trading.............
I am pretty sure Krupa didn't buy a single share on the market. They made an offer and they wait. The only substantial announcement at this point in time that would move the sp significantly upwards is an agreement to absorb the projected mined lithium of Cinovec. The next is the DFS and this is pretty far. Infinity got a grand from the European Union. We can't get even that. The price on the asx will go up and down 2-6 per cent but that is normal for where the price stands now.
A bit of insight:
In the meantime, the price falls pushed the lithium producers to take action they’d rather not have taken.
Australian lithium miner Mineral Resources (MIN) that operates the Wodgina mine in Western Australia as 40% joint venture partner with US company Albemarle (the world’s biggest lithium producer), mothballed the mine last November and won’t reopen it until prices improve. The partners remain confident in lithium’s long-term positive fundamentals and in Wodgina’s future, saying it is a world-class asset with a mine life of more than 30 years. MinRes also operates the Mt Marion lithium mine near Kalgoorlie, which is still operating.
In January, Wesfarmers (WES) who got involved in lithium when it took over Kidman Resources last year, just as the lithium bubble started to burst, delayed the final investment decision on its Mt Holland lithium project, which includes building a 45,000 tonnes-a-year lithium hydroxide plant until the first quarter of 2021. WES is developing the mine and processing plant in partnership with global lithium heavyweight SQM of Chile.
Pilbara Minerals (PLS), which owns and operates the Pilgangoora Lithium-Tantalum project in the eponymous Western Australian region, cut back lithium production in June 2019, with current production only intending to meet already ordered demand. However, the company struck a new offtake agreement with a Chinese customer earlier this year and is poised to ramp-up production when the market begins to recover.
Galaxy Resources (GXY) who own and operate the Mt Cattlin mine in Ravensthorpe, Western Australia, which produces spodumene and tantalum concentrate, cut production at Mt Cattlin in October 2019, (Galaxy also owns the James Bay lithium pegmatite [another lithium ore] project in Canada, and is developing the Sal de Vida lithium and potash brine project in Argentina.
I can assure you that the big gaps in sellers price will be filled. Good to see some good movement and the 25 cents wall wiped but hopefully doesn't get build by tomorrow again and we can move a but higher. Gaps never remain gaps. If the LSE can.keep the momentum maybe the ASX can follow. Will be interesting to see if David Reeves will exercise his 1 million options at 16c that expire in August.
Good to see a move upwards on the LSE, only that is not followed by the ASX. Still can't break over the 23c mark and there is a 250k shares sell wall at 25c that it won't get swiped by your mum and dad investors. Maybe if the LSE continues positively then the ASX can go through that wall.
Thank God you stood me up for that coffee a few years ago. BIT has a good chance to succeed but so far MSB has made me some remarkable profits and still does. EMH will eventually reach at some point in the future their goals and make me some profits too but not anytime soon. People of my demeanor see things the way they are, realistically. Obviously you want to be surrounded by people who live in LaLa land and play with unicorn toys. Nothing personal. I hope you are doing well health wise. Cheers
Actually was this one:
ASX up 4.2 % finished 13 p , a rally is about to start I suspect . Can't wait for the triple production announcement after we get 4 or five offtakers for 40,000 tonnes each .
A rally is about to start, based on a 4.2 rise on ASX on a ridiculous volume.
Because these are senseless posts. Actually it went from 0.21 the previous day to 0.23 on a 19k shares volume. Do your maths. Not even worth mentioning it. And the day before was 0.22 and the day before that 0.20 and so on. Someone is trying to portray something out of nothing. These are normal movements and on very low volumes. He also posted the same a few weeks ago about a 10per cent rise from 0.20 to 0.22 on a 2000 shared volume, lol.