Brilliant ....for holders ...market has been pretty depressing of late good to see something moving
"With a good perspective on history, we can have a better understanding of the past and present, and thus a clear vision of the future." — Carlos Slim Helu
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
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
Last edited by Joshuatree; 06-04-2016 at 02:13 PM.
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