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Yep, this article has sent all lithium plays on the ASX to new all-time years.
I'm surprised we did not get the same reaction on the LSE listed ones. Lithium prices are moving up massively. Those are up 150% YoY.
HI folks
I am not sure why the company did not bother to RNS this news but sounds pretty material to me!
https://twitter.com/ZinnwaldLithium/status/1430437555774840838
This article demonstrates the huge appetite there is for lithium spodumene with premiums of up to 45% to spot price!
https://www.mining.com/pilbara-minerals-shares-hit-another-high-on-first-lithium-sales/
Hi Malik
ZNWD needs to have another listing elsewhere, either on the ASX or in the US like EMH did. The AIM market is very easy for the market makers to manipulate.
ZNWD is the most advanced lithium project in Europe and our existing market cap does not reflect this at all. Hold on tight people and top up if you have any spare cash!
I'm thinking triple digit share price in the 5 years. ZNWD will be the first lithium producer in Europe.
Nice summary Malik. :)
One important point to note is that Germany will have the highest number of Li-on battery gigafactories in Europe. And guess which company has a deposit in Germany? :)
https://www.orovel.net/insights/li-on-battery-gigafactories-in-europe-june-2020
Hi folks
I'm back after a few months off the BB as I was busy moving country.
How things have changed for the better :) I still remember the banter Malik and I were having with some folks on the EMH BB about how undervalued ZNWD was when the share price was in the 8-12p range. Good to see the market finally catching up.
If I recall correctly, we estimated a reasonable share price at the time was 50-60p (and that was before the company acquired the 50% stake in the project it didn't own!). Hold tight people!
Kitco.com is a reliable source for spot price.
I look at Kitco.com
What an absolute beauty! This bar is worth around $1.2m at current spot price.
I expect there will be more produced until they start commercial production in April.
SpaceHoppa
Well done for topping up at what I think could be the bottom.
It's been disappointing to see the constant selling since FP in December but the possibility for PUR is so huge.
I'm still holding all my shares which I bought in 2019. In hindsight, I should probably have sold some and bought back in lower but I am long term investor and I strongly believe the share price will be significantly higher than this level in 5 years.
Eric Sprott seems to agree and has increased his holdings.
Atlantic
I would say this is the time to add or invest when sentiment is weak. Not when it’s red hot and everyone is jumping on the bandwagon!
This is a long term hold for me. It’s the only new mine in Canada in 2020 and will remain so for another 2 years.
In addition, Tesla has announced it may start investing part of its cash into gold and gold ETFs to hedge against currency risks. Bitcoin was first but I expect gold to follow.
Malik
This is what we’ve been saying for a long time. This combination will eventually happen!
Can’t believe Znwd is still trading so cheaply!!!
New company presentation available now. Some useful information about the plans for 2021 and beyond inside.
https://puregoldmining.ca/wp-content/uploads/2021/02/PureGold-Corporate-Deck-Feb-3-2021.pdf
Not that I know of.
With all the attention of the Reddit army on silver, gold miners are not getting much love.
However, I believe once they are done with silver, they will move onto gold, which is another heavily manipulated commodity.
I'm amazed PUR share price has not moved at all today despite gold price being up over 1%.
Same thing happened yesterday morning.
Market makers happily walking the share price down on the BID.
Lithium, nickel and graphite are the biggest components in EV batteries.
Just invest in net zero miners in safe jurisdictions and you'll do well. Automakers in the US and Europe will be under increasing pressure to source green raw materials and not from miners which cause huge pollution such as nickel from Indonesia, lithium brine projects in South America, etc. That leaves only a handful of options. DYOR.
Clearly! They are trying to keep the price down.
Well, what do you know? The BID-ASK spread is now back to less than 5%.
I wonder if market makers actually read bulletin boards. Lol.
I feel for those who got hit by selling at sub 120p. Absolute daylight robbery...