Recently bt some of these, and Recently a US co bt 5 mil at 38c.
Anyone else hold or done more research than I know how?
price now 74 and not many for sale.
The Lithium story is still a good one
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Recently bt some of these, and Recently a US co bt 5 mil at 38c.
Anyone else hold or done more research than I know how?
price now 74 and not many for sale.
The Lithium story is still a good one
ORE, GXY etc have all been discussed previously on the ADY thread ...
ORE was just about next door to Rincon if memory serves me.
The clever fellas that bought into QGC @ 25c & who bought into VPE recently, bought out the ADY Lithium project, for a fraction of it's worth.
If you like the Lithium story, then ORE is probably the ASX's best bet :rolleyes:
Hi Sparky I guess you have visited the Orecobre website http://www.orocobre.com.au/.
I have held these a while now (bought in at 23 cps) on the back of increased demand for lithium/potash into the future and the development and production of electric vehicles and electrical storage capacity and future fertilizer demand.
Much better option than ADY was due to low no of shares on issue (approx 52 mill before non renounceable offer 1 for 8 @ 38 cps) and without ADY's dickhead management.
They are looking to spin off the gold/copper prospects into another company to concentrate on Olaraz salar.
After share issue will have about $8mill to take project thru to bankable feasibility stage and about 66mill shares on issue.
All the usual risks associated with early stage miner not into production but also future possibility of large gains(probably not in the short term) particularly if auto company wishes to ensure supply.
Capex estimated at $US80-100 mill which will require future funding.
Well done Stevo, I didnt know about this co until recently and they cost me 53, but am sure they will do well with the ammount of Li they have.(potentialy)
I seem to recall there is a site which gives daily company announcements, this would have got me into this a bit earlier. Will have to go looking for the site.
cheers SPARKY
here you go Sparky
http://www.asx.com.au/
http://www.directbroking.co.nz/direc...atic/home.aspx
Thanks STRAT, Me and computers dont see eye to eye on many occasions, revenge of the nerds I call it.
[QUOTE=SPARKY;259745]Well done Stevo, I didnt know about this co until recently and they cost me 53, but am sure they will do well with the ammount of Li they have.(potentialy)
I seem to recall there is a site which gives daily company announcements, this would have got me into this a bit earlier. Will have to go looking for the site.
cheers SPARKY[/QUOTES
Sparky are you still holding?ORE are looking to get a roll on here having broken thru the $1 .
Lithiums day is dawning.
Hi Steveo1
I seem to have stuffed up some how on this here computor thingy, see other thread but I just quit my ORE in anticipation of another meltdown.
However we are at the begining of a new era in transport I feel and while I may not see much change some of you certainly will. It has already begun with no road user charges on electric vehicles here and reports Im reading indicate some cos getting involved in recharging stations etc, but its early days yet and I think the western world will suffer some economic pain before things stabilise again.
cheers sparky
Have just recieved an email from ORE directing me to a research on ORE, this was done on the day I sold dammit. The research put a valuation of 140 on ore with a target price of 120, price on day of publication of research 85, my sell price. Shows how this reseach can affect the price, maybe one should subscribe and trade on the hopeful upsurge in price.
cheers sparky
The really exciting thing about ORE isn't so much the amount of lithium they have, but the brine chemistry.
Brine Chemistry
The brine chemistry is very attractive.
* The average lithium grade at 800g/kl is similar to the Hombre Muerto Operation and approximately double the grade of the Silver Peak Operation and the Rincon Salar.
* The Mg:Li ratio is also low (which is desirable for processing) at around 2.8 compared to Atacama , Rincon and Uyuni at 6.4, 8.6 and 19 respectively. Only Silver Peak and Hombre Muerto are lower at 1.4.
* The sulphate levels are such that soda ash may not be required for magnesium or calcium removal which is of considerable cost benefit.
The grade distribution throughout the deposit indicates the potential for the first 5 to 10 years of an operation to benefit from grades significantly higher than the average grade.
I have no idea why people would invest in spodumene deposits. High grade brine deposits are the standouts and will be where the real money is made long-term due to their long-life and low costs of production (including potash credits).
Quite few years ago (?10+) there was a newspaper story about some new venture startup in NZ that was going to extract Li from the sea & Make us all rich. What became of that scheme?
Well done for holding Steve, I did not get back in, I have been reading too much doom and gloom reports re the US economic situation and am being too cautious for my own good.
I see someone must have recommended GXY because they are up today 19%?.
Incidently I was phoned this AM re PALADIUM, the man said the price of PALADIUM will rocket because of another 2B cash for clunkers scheme in the US and Europe and PALADIUM is used in the pollution control in the exhaust.
Any one investing in PALADIUM ?
CHEERS SPARKY
Right. Technically, ORE is at OverBought levels right now - but this is of no great significance. It is quite normal for uptrending stocks to repeatedly reach "OverBought" levels and this means little, just as the unsupported "sell" signals generated by such oscillators dropping from overbought levels also have little significance (marked with red arrows).
It is nice when several different indicators trigger Buy signals simultaneously, but this does not always happen. The five ORE Buy signals shown here were spread out over 5 months!
http://h1.ripway.com/78963/ORE97.gif
Crikey $1.6 a share and Patterson's saying target price $2.06!!!!!!!
Link here
http://www.orocobre.com.au/PDF/Oroco...arged%20up.pdf
ORE looks to be ineligible for Krudd/Swan 40% mining tax.
http://www.asx.com.au/asxpdf/2010051...x6vt4p7flr.pdf
Some recent news from ORE. Unsure what it all means at this stage.
Orocobre Ltd (ASX:ORE, TSX:ORL) is pleased to announce it has been included in the world’s first lithium based Exchange Traded Fund (ETF).
The ETF, launched by Global X Funds is designed to track performance of the largest and most liquid lithium mining, refining and battery producing companies in the world.
“This is a vote of confidence in the lithium sector as a whole and follows strong support in the sector from major global motor vehicle suppliers and companies, such as our partner Toyota Tsushu”
“Investors are increasingly aware of lithium’s important role in a variety of battery applications, in particular for use in electric propulsion.”
“The inclusion as one of just 20 companies in the ETF highlights Orocobre’s position as one of the world’s next large scale, low cost lithium-potash brine producers.”
Also, a recent analysis suggests the following (from the ORE website):
Going forward, investors can look forward to these potential catalyst:
o Completion of a definitive feasibility study in H2/10
o FinalizeddealwithToyotaTsushoinQ4/10 o An initial resource estimate at Salinas Grandes in
Q1/11
We are initiating coverage on Orocobre, with a Buy (S) recommendation and 12 month target of C$3.00 based on a 1.0x multiple to NAV.
This is a long term hold for me.
10% rise today. Anyone know why?
Hi snackpack Ive got NF idea why the 10% rise equally no idea why the sp dropped away from $3.I am holding long term also.I bought a GPS out of china the other day it has LI polymer battery (as well as run of cig lghter in car) impressive 4.8" screen with 8 hrs run time on the battery.Li with REES the way into ythe future
Yeah, perhaps people are positioning themselves before the feasibility study comes out early next year. You are right though, with increased publicity over rare earths, lithium is probably rising with concerns over availability and projected increased demand. Toronto exchange rose 5% for OBL last night.
Up 6% today on the back of recent rises. Seems to be more interest in this company recently.
Hi Snackpack,
I have been holding ORE for sometime currently at a 1154% gain and I guess the question is when to sell.
I ve watched the SP bob up and down (quiet markedly at times) .
I believe there is a lot more upside here on their Li and potash deposits.
(just hope i havent queered it)because the last time I posted a comment like that (LYC) the SP went into reverse.
I've been pondering the same question. I have only recently bought-in and have a 30% gain. My gut feel is that the drilling will quantify the actual reserves Q1 2011 and they will be larger than current estimates. Also, the extraction costs are relatively low according to company reports. I think from an FA perspective the stock is a medium term term hold. There is quite a lot of Lithium in electric cars, but I am unsure how recycling affects long term prospects. I need to identify a stop loss just in case though.
It's quite a climb for one day. I wonder if many people are on holiday and are therefore not trading shares, making a limited amount of shares available to buy? I am only guessing here, the price is on about $900k of turnover. Great turn of events though. Far better than my shabby attempt at fishing today!
ORE have advised that they have gained resource consent to develop and exploit their salar de olaroz lithium-potash project.
With fishing, the wife caught some crabs to the delight of my son. I just fed the crabs!
My portfolio is going gangbusters though, mining shares are going nuts at the moment. I can't quite rationalise it and suspect a pull-back soon.
You ll have to practise more assiduously with the fishing rod and put far more time into its use snack.
Since ORE gained environmental approval the SP has kept marching on .
High today of $3.8 must stop for a breather or fall back soon I would think i am still holding ATM.
The future for LI and potash still looks bright notwithstanding general market malaise
Thar she blows! Down 22c today.
Manipulation going on here if you look at the buy /sell side there are numerous trades of small parcels including 1 share at a time.
incredible transparent bot program trading ,if you look at the turnover of 189,000 someone accumulating I think.
Why do the ASX allow this?
ORE has had a good run and a pullback to be expected BUT the only people who can trade in 1 share multiples at a time must surely be brokers.begs the question WHY ?
One of the principles when I first started buying shares was that you could only buy a marketable parcel of shares. 1 share isn't marketable. Rules must have changed somewhere along the line. But I note an article the other week describing a huge building holding inconceivable banks of computers for computerised share trading. Albeit in the US, but the scary thing was the algorithms that were optimised for split second trading. I may have mis-understood some of the technology, but that is how I understood it. Perhaps it is a computer program designed to manipulate the price in some fashion by reducing the price over a number of small trades such that it presents a buying opportunity later in the piece? Could be naivety on my part and I need to wrap my head around market depth info better. You are right though; why?
Seriously considering selling 1/2 of my freeride holding in ORE for a 1700% gain will let the balance ride on .
I am starting to get a little nervous on where the market goes from here. so maybe time to lock in some good gains from ORE.
Not selling it all because still think it has room to move higher.
I have the same concerns and will probably do much the same. I note some volatility in the market at the moment. One interesting news snippet came to light recently with France upset that the Chinese had used spies to steal electric car technology from Renault. The Chinese seem serious on expanding electric car technology and production, with a corresponding rise in Lithium required I suspect.
"China, where car fumes account for 70% of air pollution in big cities, is pushing green vehicles hard as part of the development of its own auto industry. Chinese output of electric vehicles is expected to reach one million units by 2020, the official Xinhua news agency said late last year.
Beijing began a pilot programme in June to hand out cash to buyers of electric and hybrid cars as it stepped up efforts to cut emissions, and it is due to present a draft plan setting out billions of yuan of investment in the sector."
ORE are still on a wild ride with, as far as I can see, two major influences:
1. Lithium is set for a huge oversupply with the majors having significant extra capacity to fill anticipated demand. I guess it boils down to who can produce Lithium the cheapest. This I think is bringing the price down.
2. ORE have recently release a presentation stating that everything is on track for revised resource estimates, detailed studies on logistics measures and many good news stories and updates will be released this year. This is keeping some expectation in the market.
It will be interesting to see how the competing aspects play out.
Hi snackpack, youre right re the wild ride.waiting with bated breath the feasibility study due any moment hopefully. Beingwhat will bea lowest cost highest quality brine producer with potash a great by product i think ORE will float as many other lithium wannabes disappear.
JT
I think that you are right that ORE will be a survivor -the holding that Toyota has in the company suggests that it will.
Will lithium go into an oversupply situation in the next couple of years because it can be recycled? Perhaps I am just feelig aggrieved that I didn't buy it and watched it run from 1.40 odd?
I will keep watching ORE. I bailed to preserve cash.
Got back in yest:). Four fold increase in Lithium and potash just announced. Fab.
Nicely timed there Josh.
Looks like that announcement completely turned the Hourly chart upwards, so no doubt the market is keen.
I thought so drillfix but it has dropped away again ;seems uncertainty over sovereign risk is jamming the s/p down. Feasibility study still to come, must be iminent and am hoping(hope springs:), expecting a rerate on such a high quality project.
Fab feasibility study arrived and only question mark i can see is (apart from sovereign risk not sorted) when Toyota stump up funds, with ORE allowing 9 months for this. Great margins on Olarez alone; this will deflate all hard rock mining co's imo. Read the announcement folks.
Hi Josh certainly looks very positive into the future not withstanding the risks you point out.Having Toyota on board is a massive positive.Brine based Li (potash)production has always looked superior to spodumene.May be some time till sp is back to highs the sharemarket in general looks a bit anaemic ATM .
Update out and ORE steadily ticking boxes .Toyota are happy, negs continuing. Holding and accumulating for the longterm.cheers
Trading halt re Jujay? province agreement. Is this the large major hurdle leading to toyota stumping up the cash and development? Hope like hell it is. Lithium prices been rising on av 10% year for last ten years and going up 20% plus on 1st july to re $6-7000 tonne.
Look like toyota deal is about to be announced. S/P has run up in expectation; its looking good:p
Its Official folks."ToyotaTsusho investment decision to acquire 25% stake in Olaroz lithium,potash project.TTC also advised that 70% of the project finance will be provided byMizuho Corporate bank. Additionaly the expected rate of production is 17500 tonnes of lithium carbonate per an an increase from 16,400 tpa." Congrats to anyone else whos onboard. YEEHAA!:t_up:;):drool:
Hi steve yes not a huge vol and could be some profit taking.Im thinking more serious int will come when the actual $ amounts Toyota tsusho pays for its 25% share is released. Def great story ahead of us now and im thinking we will reach and surpass the lofty s/p heights of the past in future.
ORE projects are coming to fruition albeit not into full production until 2nd Q 2014 .Project fully funded and running on time and budget plus the acquisition of Borax Argentina. SP looks to be moving forward.
http://www.asx.com.au/asxpdf/2013050...h7d4k9l30j.pdf
Tesla could be a great example of things to come when other auto makers start to seriously produce electric vehicles
http://www.gizmodo.com.au/2013/09/wa...rtin-rapide-s/
http://cleantechnica.com/2013/09/10/...top-batteries/
http://www.teslamotors.com/models/features#/performance
ORE in pole position
cheers stevo that tesla will convert to one smart driverless car in a few years too.
Its taken re a year to get back to where it was when toyota made the big commitment!!! .Who would have thought that!. Anyways looking promising she can stay above $2 but when ever i think ORE is off to the races she drops back. A gap to be filled re $2.01 according to 1 chartest. Holding stolidly , derisking to steady state production and (repeating myself) being a highest grade , lowest cost project looking to cap gains and great div.
BMW get into green cars.I want one!!!! http://www.caradvice.com.au/251038/b...s-266kw-570nm/
Porsche also http://press.porsche.com/news/release.php?id=787
Surprised at the SPP yest . Good call Tigger. Seems some knew of its coming.Ive had so many cap raisings lately its stretching the cash reserves. Will watch for a while before deciding on this.
Plant 85% complete.firs t COMMERCIAL production expected end of August.
Company Presentation - Australia What a fantastic presentation from what will be prob the lowest cost , and a highest quality long long term lithium producer plus borax and potash mots looking strong too; FULLY funded. Margins expected $4000 tonne excluding potash credits. Future Global Lithium demand expected to grow 9.7% per annum with battery grade 21%. Tonnage from 150,000 in 2012 to 500,000 by 2025.
Im very bullish holding off and on since re sub 50c.
So close to first production and yet a drifting down S/P continues. Manipulation/takeover/ buy up happening?.Dont know. Lithium rising on tight demand re $7000 a tonne.
http://www.bloomberg.com/news/2014-...reason-to-like-musk-s-battery-factories-.html
"The world is on the brink of a serious surge in batteries"
Just when you think you have found a winner, change comes along:ohmy:
New Dual Carbon Battery Charges 20x Faster Than Lithium Ion
May 19, 2014 | by Lisa Winter
photo credit: Power Japan Plus
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Power Japan Plus has announced an innovative new battery that charges up to twenty times faster and lasts longer than high-end lithium ion batteries. The company boasts that electric vehicles with the ability to drive 300 miles (480 km) on a single charge may soon be a reality. The Ryden dual carbon new battery is cheaper, safer, and 100% recyclable, making it an attractive option that could bring high-performance electric cars to market more quickly.
“Power Japan Plus is a materials engineer for a new class of carbon material that balances economics, performance and sustainability in a world of constrained resources,” said Dou Kani, CEO of Power Japan Plus in a press release. “The Ryden dual carbon battery is the energy storage breakthrough needed to bring green technology like electric vehicles to mass market.”
The battery was developed in partnership with Kyushu University in Japan. The beauty of the battery is in its simplicity. The anode and the cathode of the battery are both made out of carbon with an organic electrolyte solution that allows for ion current to flow separately. This also does not require the use of any rare Earth metals or other rare metals, significantly cutting down on the price of each unit.
Thermal stability means that this battery will not heat up while in use or during charging, and removes the threat of thermal explosion and making for a safer battery. This also means that expensive cooling systems do not need to be used, also driving down the price. The battery is stable enough to be discharged completely without harming the longevity of the product. Currently, the Ryden battery is rated for 3,000 charge/discharge cycles before the function of the battery begins to diminish. To put that into perspective, current electric cars advertise 300-500 charge cycles before the owner needs to think about replacing the battery.
Eventually, Power Japan Plus hopes to expand this technology and create other batteries whose only active ingredient is organic carbon sourced from organically grown cotton. This will allow them to control the size of the carbon crystals, enhancing product performance.
The Ryden dual carbon battery will be on exhibit at the Electric Drive Transportation Association Conference & Annual Meeting on May 20 and 21. Production is set to begin soon, initially producing 500-5,000 batteries per month. The first batteries produced are slated to be used in satellites and medical devices, and will expand operations when the technology is licensed out for use in electric vehicles.
Read more at http://www.iflscience.com/technology...8YkdfPAK2I0.99
That looks very exciting ,is that the reason for the sp decline trichia?
This link http://www.theatlantic.com/technolog...-tesla/362112/ and in that "Hurdles remain, to say the least. The technology has yet to be proved effective in electric cars, though the company said it will demonstrate that capability later this year." MMMMMMMMM
"Executives say the co has built a pilot production line in Okinawa that will begin manufacturing 500 to 5000 batteries a month later this year"
Too early to tell and it sure sounds too good to be true. Will watch closely
Thanks tricha
Doesn't sound like they've reached proof of concept ;yet. It doesn't offer density advantage was one article i read.
The management keeps shareholders well informed.
http://www.asx.com.au/asxpdf/2014061...dsx6558zdg.pdf which is unusual on the sharemartket.Not too long to production now.However ALL the usual share market risks apply .Sovereign risk .market price,weather etc.When they turn a good profit , pay dividends and stand the test of time or not all will be apparent
$2.55 today stevo on the cusp of or has pushed thru 3 previous levels of resistance and hit $2.57 a 52 :Dweek high.
Was thinking ORE would drop back as it has many times before but it finished on $2.63 on higher vol and 60 DMA about to cross the 180. Good update on the borax plant being shifted to gain efficiencies and within budget would have helped this breakout.
Not too far off production with lithium/carbonate plant due to start up end of August 2014 http://www.asx.com.au/asxpdf/2014070...9qxcwkblfl.pdf So far these guys have produced on all their forward projections unlike so many shysters on theASX
Cheers stevo. Consolidation of the concentrated lithium industry in which four companies control most of output. ORE will make it five and be a highest quality lowest cost producer:). Lithium demand growing @ 7-10% per annum. This takeover (below)will only value ORE more.
http://www.bloomberg.com/news/2014-...wood-in-deal-valued-at-about-6-2-billion.html
S/P $2.91 today 3 and half year hi, 95% plus complete.
Bots are/have been manipulating and accumulating shares for some time now at open today 1 share offered at 283 1 share buy at 289 at open .Very close to 1st production.Teslas $5 billion gigafactory bodes well for the future battery production though several years away from manufacturing
http://www.nzherald.co.nz/motoring/n...ectid=11325655
And now the sp is at 258 cps WTF .It is a free carry for me but WTF anyone know the reason for the rapid fall?
http://hfgapps.hubb.com/asxtools/ima...40924192444917
Metals and mining taking a hammering atm and patersons have switched from strong buy to sell.
Global Lithium X ETF dropping steeply atm from re 14 in july/aug to below 13 atm.
Ive also been in and out for 3 or 4 years from re 45c. Hope to top up soon.
I wonder if this has lithium ?
https://nz.finance.yahoo.com/news/re...033304879.html
I would say NO lithium ""These are new materials, they have never been developed before," said Doron Myersdorf, the founder and chief executive of StoreDot, whose investors include Russian billionaire and Chelsea soccer club owner Roman Abramovich.
Interesting and promising in the meantime the world will use whatever energy is available,.affordable and convenient.To industrialize new materials," they have never been developed before" could take sometime.The article is pretty short on detail.ORE 's SP is quite weak ATM considering production is close
http://resourceinvestingnews.com/78...ts-to-impact-graphite-lithium-and-cobalt.html
Analyst Simon Moores said in a Benchmark Mineral Intelligence report that Tesla Motors Inc. (NASDAQ:TSLA), LG Chem Ltd. (KRX:051910) and Foxconn Technology Co. Ltd. (TPE:2354) are all in the midst of building “battery super-plants for the electric vehicle (EV) market.”
He estimates that LG Chem’s China-based plant will be the first on the market at the end of 2015. Moores also states:
These plans will have a significant impact on the raw materials fuelling the three megafactories, graphite, lithium and cobalt especially, as will the additional growth in the EV battery market which is expected to range, in Benchmark’s conservative estimates, from 10-15% a year.
The industry will need to be prepared for a raw material surge in 2016 as buying starts for these three plants in what could be a significantly disruptive event.
Surprised and a bit disappointed re the cap raise ($40mill) taken up by sophs @$2.50 something partly due to the delay in full ramp up which should be by the last qtr now. 5000 tonne order by TTC and may others to come at no discount ; infact prices are lifting due to supply constraints . Another re $ 10 million offered to us investors.
I am too am a bit but unlike so many ASX companies they are producing and the outlook appears good.Will only be taking up part of the up to $15000 offer at $2.55 to existing shareholders.
http://www.smh.com.au/business/lithi...10-ggy8o7.html
Ore on a good arc atm ($2.80atm)now its a true blue producer with Toyota as a partner and off take as well.
Lithium here to stay, prices flying away.
http://static1.squarespace.com/stat...row-Lithium Industry Report-May2015-Final.pdf
me neither. tried again but can't make link work.Go to that warm metallic site for ORE if you must ;it will work there.
http://www.afr.com/street-talk/canac...0150625-ghx7x9
ORE up for another raising!!!:scared: after $32 mill @ $1.90. Funds would be put towards the joint venture company where ORE is required to contribute 75 % of the project funding!!!.WHAT THE.... The offer comes 4 months after the Canacord raising of $50 mill. Both when the price had DROPPED a lot i believe. manipulation ???
Give me strength!! IVe multi bagged this and been in and out for a long time now, but i still feel a tad annoyed at this and the continual delays and so called "bottlenecks" ramping up to higher production.Less then scrupulous is the feeling I'm starting to get.
Trooouble at mill JT.Up till quite recently they were delivering on their projections ,the initial cap raising was a disappointment at $2.55 .There were plenty who knew this was in the wind look at the SP dive in the last week .Not a good look for the immediate SP but longer term????????
Im becoming a stale holder in ORE but nameplate isn't far away or so they promise. Seems the altitude is causing more probs with heat issues in the brine etc affecting the dissolution of lithium carbonate in the absorption circuit. They say they have solved this but further "simple enhancements ' ARE REQUIRED. should be completed in December....yeah right.
256 TONNES PRODUCED IN SEPT
Magnesium and calcium removal need another centrifuge to get to nameplate .
Outotec Polishing Filters modifications improvements have resulted in recoveries LESS than expected
An additional boiler won't be commissioned until earl Jan
Breakeven point reached when production reaches re 650 tonnes a month which was advised to occur in Oct but latest is now DEC. Early JAN is latest for completion of debottle necking with the actual timing of nameplate production run later.
Heres hoping and that there are no more cap raises. At the end of sept they had re $10 mill in cash and US$ 37.5 mill on standby
One good thing is the price for lithium is rising ,re $6-6500 tonne.The attraction to me always was ,with ORE that it will be a highest quality , lowest price of production, stock
Meanwhile;wanting to stay exposed to lithium production I'm looking at other potential lithium producers to spread the risk to. ATP I'm certain Self Driving Electric cars are the future unless/until some other better tech displaces it.There are a few stocks a friend has advised me of, that I'm looking into atm.
Henderson global now a 5% holder.
I have found some alternatives to complement my ORE holdings. EMH and LIT. I have small seed allocations in these but very spekky and a way to go to prove up a lowest cost(even lower than ORE!) new production technique from waste mining Micas .Expecting cap raising to add t my holdings if the potential develops.DYOR
Changes in U S electricity mix from 1990-2014 .Large surge in renewables, storage ,batteries, lithium use etc
http://www.visualcapitalist.com/wat...ail&utm_term=0_31b4d09e8a-468b15011c-43822485
If I'm going to post on these spekkies any more i will start anew thread for them.
Global lithium developer, Lithium Australia (ASX: LIT) advises that it has produced its first lithium hydroxide. Lithium hydroxide is a value added lithium chemical, used for the production of lithium batteries. The hydroxide product results from the conversion of carbonate and in present markets commands a premium of around 25 per cent. The upgrade of product is a significant value-add process. This is the first step in Lithium Australia's investigation into a range of value added lithium chemicals targeted for the lithium battery industry.
Read more: http://www.afr.com/brand/before-the-...#ixzz3uFeJBv7U
Follow us: @FinancialReview on Twitter | financialreview on Facebook
WOW , Lithium carbonate very tight atm around US$ 15,000 tonne!!!. ORE will be able to produce it for re $US 2,000 tonne but they need to overcome their "bottle neck" probs and get to name plate production to convince the mkt that they can solve the production probs. Heres hoping.
http://www.asianmetal.com/news/data/1268980/Lithium carbonate price breaks RMB90,000/t in China
S/P up re 30% last few days seemingly because of the above!!!
Brilliant ....for holders ...market has been pretty depressing of late good to see something moving
Yeah; prob a direct result of the 195 country agreement at the Global Warming conference in Paris.
The other factor is the change in Argentina with the Socialist govt getting the boot.All restrictions on money transfers lifted; the peso is expected to devalue by re 20% reducing ORE's costs. Just need the Operation to reach nameplate (a big IF there) and we would have perfect storm.
LIT has performed very well from re 9.4c to 15c 5/11/15 till today
EMH less so down from 19c to 15c; same timeframe
ORE from $1.79 to $2.39 in the same period i hold all 3 ;most in ORE currently.
Update out for operations and its positive.Phew!! Debottlenecking complete (but more tweaking to do)
cash operating cost break-even achieved
March qtr forecast 2,400 tonnes
Forecast production fully committed purchase orders etc
S/P currently up to $2.65
LIT 13.5c
EMH 11c
NMT 21.5c ;looking good for troy
Download Document
Rising tide lifting the ORE lithium boat. Questions re what % of their production is battery grade isn't holding her back atm. $2.98 atm
LIT 15c
EMH 17,5c
NMT 34c jeepers troy:)
Josh ..giday...the thing about NMT is that the good news hasn't even began....supposedly in 2017 production is to begin with earnest....the same probably applies to many lithium miners...
A well reputed source (well I believe he/she is) believes that lithium is the next commodity yet to take centre stage ....it really hasn't happened yet....perhaps folk need to seek info re Mr E Musk (?) to appreciate the potential...cheers troy.
Lithium is sure in favour; may as well ride it and get out before the bubble bursts and it will.
ORE $2.98
EMH 15c .Immediately on LIT leaving has signed a JV with a german co re mining process for its Lithium deposit
LIT 18c. up 24% today.It has left the JV with EMH and announced an issue of a 1 for every 2 ,non transferable partly paid shares to holders, ex 22/4. Issue price of 25c with a paid up capital of $.0001 with calls to be made a t intervals(5c i think). Mkt seems to think the headshare will have no trouble moving beyond 25c.
NMT 35.5c . 2c div!!!? and buyback and presentation Download Document
PLP with the Lmax process from 15c to 25c
Taken profits on LIT ; my timing is often too early; but zagging whilst others are zigging and the Lithium hive is buzzing can be beneficial:)