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Chinese operating in a criminal run state. The locals don’t stand a chance.

Backtested and bounced off the 100 day EMA yesterday, needs S&P to hold today and this is off to the races again with the chart in better shape.

Recovering nicely; a lot of late reported trades going through, seems to explain earlier sell-off and seems to have abated now.

Seems to be settling, no doubt US come in and buy the dip!

Hopefully, got to keep an eye on US futures. Fortunately it didn’t sell off totally overnight, see how this afternoon goes!

Things could get ugly in the wider market short term and all boats sadly float lower in falling tides…

This is dreadful reporting, unless they see something I can’t. Ganfeng own 8.68% as of 22 dec 2021. This tallies with their 28.65% of BCN of the 30.89% BCN stake in ZNWD. The 50m shares issued to the creditors of ZNWD for the extra 50% of deutsche lithium acquired are represented predominantly by G&P gmbh, it currently stands at 8% having sold down 3m in the last reporting period. I think alexander elsman’s share also came from the 50m issued and his role in the bankruptcy. He owns 8.5m as of the latest holdings reporting period.

Given 85m shares have traded since the placing, it is going to be really interesting when TR1s come to see how the ownership structure now lies. Right enough for now, busy day!

Of course he wouldn’t, but they are not an imminent threat to non-static lithium batteries.
More of a threat to something like VRFBs produced by BMN etc (although I’m sure you’ll be burnt at the stake if you suggested that in the BMN thread!).
Sodium redox flow batteries are very exciting for static storage, but not viable for vehicles. Sodium ion batteries may one day be the go to for EV, but not any time soon. Certainly not going to be affecting my valuation on this company.

EMH raised AUD7m in feb 21, they haven’t raised since.

Before then it was £350k in jan 20 and £750k in august 19.

Not the same. ZNWD do not need to raise any time soon, they literally just raised £6m, which is more than all those raises combined…

Focus on the project funding, talk of a straight equity placing any time soon is a total red herring.

Closed through well through the 100 day EMA, through the upper rail of the down trend. RSI is 64. I think this is in shape to have a crack on the previous high close from the summer in this move up. C’mon ZNWD!

Push2 - Yeah it’s 757k t from out of date DFS. Doesn’t include new explo areas etc. Expect the resource to grow substantially.

Even so, with LCE at $36k odd per tonne atm that is still $27bn value of lithium in the ground. 30 year LoM vs 200 year gibberish too as jam2morrow rightly points out.

Foz - good work, you know it makes sense!

BCN is 8.8m t but apples and oranges. Brine vs zinwaldite, based in organised crime run and riddled sonora state vs saxony.

Ok - think 25-30p will be a long distant memory by then!

Looking for 70/80p at least this year, bull case much higher.

Yeah we can disagree on that!

Friendly wager, i think the next capital raise will not be an equity raise at 25-30p this year. Loser has to give the other a bottle of Krug at the AGM.

Whaddya say?

Funding round 25-30p - eh what? They’ve just raised £6m, they don’t need to raise. Next funding will be debt funding for construction. My bet will be some kind of PIK mezz, probably with a little warrant kicker.

Much prefer what he said :-)

Seriously this has a looooong way to play out. I’ll slice nearer there tbh and run a decent chunk of it. Lithium demand ain’t going away any time soon.

I think it can keep going. Chart isn’t near overbought yet. I’m looking for it to break old high and consolidate in the 30s for a bit before going higher (ceteris paribus wider mkt etc). It won’t go to 70-100p in a straight line, but just be patient and enjoy the ride antropic. Aim to slice in the mid 30s maybe if you need to?

Welcome aboard bluegrass.

Mrcautious filtered, made a new year’s resolution not to get involved with ALFs

The lead time on that and the capex already put into lithium makes that not a viable alternative in the short term. Lithium is VHS; when Musk went all in on it, all the others became betamax.