Member Info for wolfi_at

1Y chart shows the start of a new a new uptrend ? higher lows & higher highs ... very strong
5Y chart also looks much better now ...
souce: https://de.tradingeconomics.com/commodity/lithium -> 1Y / 5Y chart

not yet -))

SONORA resource provides enough feedstock for more than one production factory ... SONORA 2, SONORA 3 etc ...
it´s the resource and the production costs that matters in the long term ... Ganfeng knows this very well ...

2019 AGM –Resolution 9 / SpecialResolution
That the Company be authorised to make market purchases to buy back its own shares up to 10% of the Company’s current issued share capital and on the terms laid out in the notice of meeting.
ProxyVotes in Favour=129,187,000
%Votes in Favour=99.38%
source: https://www.bacanoralithium.com/cms/wp-content/uploads/2019/12/2019-AGM-Dec-2019-Proxy-results-Final.pdf

IMO they will (have to) buy when price is still LOW ... 10% are (now) > 20M shares !! together will the small free float SP will rise fast ...

... just have a little bit more patience, just sit back and relax ...
SP doesn´t go up straight away ... I am talking about weeks and months, not ONE single days...
AUS Lithium stocks are strong today, Li Future is generating a buy signal too ...
-> https://de.tradingeconomics.com/commodity/lithium ...

Chart generates a strong BUY Signal (break out of bear flag) -> SP could easily double in the next weeks & months ...

Bayerische Motoren Werke AG (BMW.XE) said Wednesday that it has signed a five-year supply contract for sustainable lithium with China-based Jiangxi Ganfeng Lithium Co worth 540 million euros ($598.2 million).
The German luxury car maker said it will secure its lithium hydroxide needs for fifth-generation battery cells, as it aims to have 25 electrified models in its line-up by 2023.
"Our need for raw materials will continue to grow [...]. By 2025, for lithium alone, we expect to need about seven times the amount we do today," said Andreas Wendt, board member at BMW.

Source: https://www.marketscreener.com/BMW-AG-56358353/news/BMW-Signs-Supply-Contract-With-Ganfeng-for-Sustainable-Lithium-29711340/

looks like a reversal ... if you zoom out you can see that the downtrend line is already broken ...
source: https://de.tradingeconomics.com/commodity/lithium

"They (Ganfeng) have more than 7 thousand employees and are very interested in coming in January, they come on a commercial mission to Sonora, because they are interested in being here seeing the possibility of installing to set up a battery factory," he said. ...

source:
https://www.elsoldehermosillo.com.mx/local/capital-chino-interesado-en-yacimiento-de-litio-sonorense-4559803.html

if SP reverses here I expect a very dynamic Up-Move ...
-> inverse SHS formation
-> break of the bear flag formation
-> break of the last 2 highs (where are stop loss of shorts and buy stops of commercials ...)
... maybe we well get a XMas RNS present -))

one more ... https://www.youtube.com/watch?v=EENDQr81KdY

does anyone speak / understand spanish ?? ... only likes ?
https://www.youtube.com/watch?v=00DUwjedFBQ

-)) yes... I´ve seen it too late .. after posting it ...

ok, here we are .. SP@30p ... Reversal ??

always keep in mind following overview ...
1. Sonora Lithium Project – 243.8Mt
Sonora Lithium Project is the biggest lithium deposit in the world. Image courtesy of Dnn87.
The Sonora lithium project, located in Sonora, Mexico, is the biggest lithium deposit is being developed by a joint venture (JV) of Bacanora Minerals (30%) and Cadence Minerals (70%).
source: https://www.mining-technology.com/features/top-ten-biggest-lithium-mines/

PS: I can remember a statement that only 1/3 of the area has been explored so far ...

SP reversed exactly at the falling trendline of last 2 highs ... I expect at least a retracement into the 30-31p support area and would be more than happy if this holds and price would reverse there to establish a higher low ...

why is todays spread so large ?

sorry ... as long as there are no news you should pay attention to support and resistance as our human mind is looking for these pattern ...

chart -> now @resistance, a close / break above 31.5p is needed ...

Gret read !
... Pedailles also stressed the need for greater investment into raw materials, “If low prices remain in the short- to medium- term, it will lead to a reduced investment pipeline. This in turn will lead to an even more dramatic undersupply situation down the line and much higher prices.”
source:
https://www.spglobal.com/en/research-insights/articles/lithium-supply-is-set-to-triple-by-2025-will-it-be-enough

Investors now try to get the best pieces of the Li project cakes ... it´s like poker ...
todays RNS confirms this, M&G Plc. gets a real bargain ... maybe BCN should get in contact with Pallinghurst Group too ...

“Now is the time to invest,” said Erez Ichilov, managing director of Traxys Projects, which earlier this month launched a $2 billion fund with metals financier the Pallinghurst Group to invest across the electric vehicle supply chain. “When you look at how under-invested this value chain is, $2 billion is not a lot.”
The Pallinghurst-Traxys Battery Materials fund plans to focus on lithium projects, as well as copper and graphite, in developed economies to reduce risk, Ichilov told an industry conference earlier this month. "
Source:
https://www.reuters.com/article/mining-lithium-investment/rpt-as-lithium-prices-drop-private-equity-investors-hunt-for-deals-idUSL2N2820YX