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CEO.CA members discuss high-risk penny stocks which can lose their entire value. Only risk what you can afford to lose.
@CriticalInvestorThe task at hand for Alset is 4 fold: 1. prove up economic Li grades (> 500Mg/l Li) 2. prove up economic size (capable of > 20kt LCE pa) 3. prove up Mg/Li ratios (< 8:1) and other contaminants to be low enough and 4. prove up economic recovery methods (avoid clay issues like Bacanora)
@CriticalInvestor@DanO Irony aside, @Allan is going into uncharted territory here so he has a lot to find out as you know, much more than the average LatAm lithium junior. We can say a lot about Allan but I've met him and I don't believe he is capable of running scams. So I'm not following IKN here as I don't follow "Otto" in all instances either for various reasons, but he can be very funny and is widely read for sure, which is why he attracts all the gossip stories as well which only increases his popularity as a blog. Over a year ago it was 10k hits per day btw, the bull market obviously has been good to IKN.
@CriticalInvestor@HRA-Coffin So you talked to Ian, did you ask about the new geo hired at PDAC, and how this guy is progressing the drill program, and if they will release results in small batches starting soon or all at once etc? Why is he so quiet anyway, he raised $7.6M, he should be drilling and marketing all over the place
@CriticalInvestor@HRA-Coffin Thanks Eric, so I take it the PDAC geo didn't take the job as he was very, very good according to Ian. Heather sounds good but still just a director, no new exploration guy in management which is badly needed in my view. Why isn't Ian shifting gears, and even started working with that Stargate nonsense guy, unbelievable. Penny wise pound foolish to the extreme? He should know better
@CriticalInvestorThey said to me they weren't doing any Canadian marketing soon to save money, drill permits aren't catalysts in this area so this buying the last week or so is a bit weird to say the least
@Vaughan@CriticalInvestor, it seems they aren't finding new investors. Former pumps get sold off on new ones, and the new ones don't even run that much. $Z must have paid a small fortune for all the promo going on by different groups right now, moving up .10c (from .60c to .70c) over the past week. #Promotions
@CriticalInvestorDBL management still doesn't have their MIF presentation online, instead comes up with an "all good" interview with Gwen, which doesn't discuss the water issues at all. I have confirmed by several others that they didn't address it in the actual presentation either (just talking about "engineering" instead) so despite the fact I hold a few guys of DBL in high regard and discussed the water issues with them to some degree, this doesn't look good to me. I rather had them discussing it as the main topic and what detailed plans they have instead of publicly avoiding it like this. PEA economics indicate they have lots of room to manoeuvre, so a good story on water/engineering wouldn't immediately ruin economics IF the project could be viable for starters, but by handling things like this it starts to look otherwise. Sold off most of my position, held it too long, waiting on promised Knight Piesold hydro geological data (in order to discuss with knowledgeable guys as I'm no geo/engineer) which never came, plus hoping in vain for a solid story on MIF.
@CriticalInvestor#Katusa touted this one big time again recently and came with claims like refunding his subscription fee if it didn't go up substantially in a year from April 2017, so my guess is he will organize more buying by funds or acquire assets to get the promised price action. Or lose a fair bit of credibility
@CriticalInvestor@BS Interesting, are you a geo? Still puzzled how to recognize the difference between superficial rock patterns (glaciers?) and deeper faults when the type of rock is the same (lot of it is sandstone) with some overburden, vegetation etc
@CriticalInvestor@FreeBird Thanks for the presentation. Just viewed it, and I can confirm there was not a single word dedicated to the water issues, only the mentioning of "engineering" a few times in a very general context. However, the CEO emailed me earlier maintaining it was discussed. If the CEO doesn't even know how to view this important matter correctly than what's the point anyway being a shareholder?
@Rulingmining$NLC doesn't Neo lithium have 4-5 lithium projects? They also have a bansdium project.
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@CriticalInvestor@Rulingmining I just follow their progress at 3Q and haven't encountered or discussed other projects with management, so I couldn't tell
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@FreeBird@CriticalInvestor: Yeah, Knoll is "market oriented"... But still, Cominco did mine it, yes with higher grades but also lower zinc-led prices. And I know about faulty PEAs but a good PEA is still a better start than a bad PEA. And Key was CEO of Tamerlane for about a year. He must have knowledge about the water. Why would he take on this project if he didn't believe in it? Sloppy? Incompetence? Make some quick money? Seems weird to me.
I guess I'm betting against most of you guys here but I still think it's worth a (small) shot. Time will tell.
BTW, thanks for all the work you're putting in here. I try to read as much as I can and I’m sure others do as well.
@TheRevealer@Everyone@Maestro likes to belittle people who are smarter than him by making comments like the ones above; anyone who reads this thread will see the simple questions that have gone unanswered, and at the same time, the CEO "supposedly" running this company is online responding to intellects like myself, @Dan0 and @CriticalInvestor - when the CEO of the company pleads ignorance to his own financial statements, you know there is a problem
@CriticalInvestor@FreeBird Seems to me that some technically competent guys (Key, Knoll) chose the wrong communication strategy on a project that has a lot of questionmarks surrounding it, and needs top of the line engineering/cost calculation to make it work IMHO.
@FreeBird@CriticalInvestor: The old technical report says that "past mining practice" for the open pits was to pump down the water table and that this should still be doable down to 50-60 meters (which is the same figure DanO mentioned). But according to Key, Cominco mined more pits simultaneously, and I guess there's been some progress in pumping technology since then (plus today we also have grouting). I also assume that some pits are gonna be dryer and some wetter. I guess there's gonna be some more info in the PEA (and as Doug implies a lot more in the PFS). And I agree with you on Knoll (even though I'm not surprised, he's a promoter and far from alone). But Key seems more straight forward, don't you think?
@CriticalInvestorIs Knoll just a promoter? He founded several significant companies and talked about building mines in the past. This would explain a lot here. Key sounds like a competent guy, and says where it's at but is obviously not calling the shots on this way of communication, which in turn discredits the whole story in my view.
@CriticalInvestor@DJS He probably meant to say that the fundamentals were still intact, how could he know of those fraudulent figures. If you can't trust accounting anymore, any company becomes a huge risk so he was probably reassured by the company at the time as well. Couldn't say outright he was deceitful or incompetent based on this, although he has a reputation
@T@criticalInvestor, ppl get fired from SpaceX then complain as revenge. SpaceX isnt perfect and its a rapidly growing company that is experiencing growing pains as any other company would. i have never seen or heard about anyone falsifying or being asked to falsify any test data
@CriticalInvestorYes, and I discussed the potential clay issue with @Allan at the VRIC, he said their lithium/clay type of particle distribution is likely different from Bacanora or Western Lithium clay hosted lithium, with better recovery potential. I have no clue about this, maybe he can elaborate a bit more on this $ION
@fb@CriticalInvestor your criticism has been evolved in a way that it is now direct accusation against the management. The price goes up you claim "organized buying by the management". Let's talk about the project and the fatal flaws please. Thanks.
@CriticalInvestor@JamesKwantes Great read, what is the concept of this MDR unit? How to avoid breaking a large stone when it is inside a big piece of rock and they crush this piece in a few smaller pieces in the first stage? Besides this, how does it feel to hold a stone worth $60-100M? I would get pretty nervous about dropping it I think;)