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@PamplonaTrader $GXY.AX's cost assumptions are at least in-line with actual costs at $ORE.AX's Olaroz.
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@CriticalInvestor I have no clue, but since they have a large interest it is not logical to understate things a lot
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@PamplonaTrader $SQM does not have operations in Argentina. How much more accurate are their assumptions?
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@CriticalInvestor I don't know of course, but since they are running Atacama a whole lot better than Orocobre does Olaroz, my idea is they know shortcuts of some kind. And if they are making things up, why would they do this?
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@backstroke_ @CriticalInvestor I could come up with a big reason, but lets not go down the rabbit hole. But agree with you they have decades experience running a big brine operation.
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@CriticalInvestor Orocobre FS was undertaken by Sinclair Knight Merz, never heard of them. LAC FS by M&A, never heard of them. Sal de Vida update by Techint, Argentinean firm, never heard of them
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@CriticalInvestor Hard to say for me which study has more credibility here based on firms
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@CriticalInvestor @backstroke_ let's hear it
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@PamplonaTrader Reagents are, by far, the largest cost item. I've heard that reagent supplies are tight and difficult to procure in Argentina. Partnering with SQM alleviates some of those issues. However, water and power are also a concern.
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@PamplonaTrader Also, it has to be a concern that the financing has not closed yet and that the language from the company has changed from 3/31 to "coming month".
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@CriticalInvestor Likely SQM imports their own reagents from Chile. A financing deadline being delayed by a few weeks isn't really serious in my view. I would never set a date but ok
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@PamplonaTrader @CriticalInvestor Normally, I wouldn't think a delay as being serious either. However, a couple weeks ago @ML_SuperNinja reported that the deal was poorly put together.
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@PamplonaTrader He was bang on with regard to $GXY.AX needing a capital raise.
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@CriticalInvestor Ok now that's interesting, they might have to adjust terms in between then
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@backstroke_ @CriticalInvestor In very general terms reason might be to show competition between Argentina and Chile is close, and costs are closer than some might have thought. You can do business in either and this is a message to a certain party.
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@CriticalInvestor Can't find much about this Superninja commenter on ceo.ca
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@CriticalInvestor @backstroke_ Chile doesn't understand much about attracting foreign capital to lithium if that is what you mean
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@PamplonaTrader @ML_SuperNinja is an activist investor in $PLS.AX and also $BGS.AX. He was recently voted onto the board of $BGS.AX.
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@CriticalInvestor I do notice that he is trying to sell his own stuff regarding deals in this space, highly biased wouldn't you say?
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@PamplonaTrader @CriticalInvestor we are all biased. Up to you what you do with the information. So far, seems like good info from him.
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@CriticalInvestor True, I just keep an eye on the $LAC deals from now on
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@CriticalInvestor He does provide interesting sector information
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@backstroke_ @PamplonaTrader $AJM.AX recently struggled to receive funding from their Chinese partner due to internal regulatory issues in China, if true, likely this deal would slip on that basis. Are others just extrapolating further, or do they really know more?
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@PamplonaTrader @backstroke_ same with $PLS.AX on their DSO deal. Tianqi rescinding its option to buy more $SQM and $BGS.AX deal falling through also not inspiring confidence in the Chinese.
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@CriticalInvestor I don't even trust the Chinese restaurants in my country to prepare food according to regulations
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@Excelsior "I am not a big fan of #lithium feasibility studies but you should pay attention to this one. DYOR $LAC $SQM @GanfengLithium" - Joe Lowry https://twitter.com/globallithium/status/847181077143785472 "Good call - $LAC remains the biggest bargain in the #lithium world. Think $SQM & @GanfengLithium as partners." - Joe Lowry https://twitter.com/globallithium/status/847179770408394752 "Clearly the rumor mongering $ninja was wrong about @GanfengLithium's plan for $LAC." - Joe Lowry "Whining by a certain self styled $ninja is becoming a global #lithium joke. What deals has he done? Guess where the rumors come from" -- Joe Lowry https://twitter.com/globallithium/status/842717254953422849 "The guy who started the rumor has an agenda. The @GanfengLithium #lithium deal with $LAC is alive and well. #$injas are spies absent bushido." - Joe Lowry https://twitter.com/globallithium/status/842700070432706561
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@Audax.77 It's a bit rich for Lowry to be complaining about 'rumor mongering'
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@Excelsior Joe Lowry - One of the World's Leading #Lithium Market Experts Charlotte, North Carolina - Chemicals Current: -Global Lithium LLC Previous - Asia Lithium, FMC, FMC Zhangjiagang Specialty Chemicals * Experience >President - Global Lithium LLC November 2012 – Present (4 years 5 months) "Global Lithium LLC provides advisory and consulting services to lithium producers, lithium users, green energy companies, investment houses and hedge funds on four continents. Areas of focus are: industry and market analysis, strategy development, marketing and sales support, sourcing, cross cultural training, valuations, recruiting and negotiations." >President - Asia Lithium 2004 – October 2012 (8 years)Japan "Leading supplier of downstream lithium products in Japan. Led restructuring of manufacturing operations that led to increased profit at both the joint venture and parent company. Helped the local partner adapt to the globalization of the Japan market which required optimization of operations and supply chain. Company remained highly profitable despite increased competition in the sector due to a large expansion of industry capacity." https://www.linkedin.com/in/jplowry
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@ylr $LAC 10/20 sma golden cross. RSI just under 50 but rising STO uncertain. Keep this one on your watch list. http://cdn.ceo.ca/1ce8oj9-LAC.png+ Don't forget to register to get notified once I launch my Mailing List http://tradewithylr.com #ylr #lithium
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from #index,
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@EpsteinResearch #lithium $CRE. NOTE: CRE is a sponsor of http://EpsteinResearch.com and I own shares in the Company. Yesterday's news on Critical Elements Corp. should be viewed in context of Galaxy Resources' $GXY.ax news in January that it had pre-sold lithium concentrate from its Mt. Cattlin hard rock project in western Australia for US$ 830/metric tonne. KEY to this news is that for each 0.1% improvement in grade, the price goes up by $15/t, such that at 6.0% the price would be $905/t. That implies $CRE's 6.5%-6.6% material could command a market price of $975 to $990/t. This is very important! Is it priced into CRE's share price? Also worth noting is that $LAC's new Feasibility Study incorporates a long-term lithium carbonate equiv. price assumption of US$ 12,000/t. By contrast, $CRE's PEA uses US$ 6,000/t. A Feasibility Study on a Phase 1 mining scenario on CRE's Rose Lithium project is expected in coming months.... Connecting the dots / reading between the lines.... The Company's strategic agreement with HELM is, indisputably, one of the best in the industry. It calls for 100% take-or-pay for 100% of what CRE produces at 100% of the market price. Compare that to any other developing hard rock project in the world. Further, there's speculation (tidbits from interviews & comments by new President Dr. Stephen Haber) that the project, especially a proposed Phase 1 scenario, could be nearly fully funded with minimal additional equity capital (at the parent level, new share issuance) required. Recall, HELM has the option to invest in up to 25% of the project level funding package, and HELM (in my opinion) will carry A LOT of weight in attracting other parties to fund the project (with a significant debt component). Is all of this priced into the share price?
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from #index,
SEDI_bot Lithium Americas Corp. $LAC just filed 14 reports. View full report: SEDI:LAC
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from #insiders,
SEDI_bot Lithium Americas Corp. $LAC just filed 21 reports. View full report: SEDI:LAC
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from #insiders,
SEDI_bot Lithium Americas Corp. $LAC just filed 2 reports. View full report: SEDI:LAC
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from #insiders,
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@Jayfire @CG59er Sure, I personally own the following lithium stocks: $BGS.AX $CRE $PLS.AX. Probably BGS and CRE have more upside potential than PLS since their market caps are so much smaller... You might like CRE in particular since it trades on the TSX-V, is located in a safe jurisdiction (Quebec), and the company has probably one of the better offtake agreements/partners in place for a junior copmany with Helm as their partner. CRE is pretty advanced stage, and a two part DFS should be released to market starting sometime in June quarter for Part 1. $NMX is another Canadian alternative, and I like that they are focusing on lithium hydroxide which commands a higher premium to lithium carbonate (what CRE is focused on). NMX is even further along the track with a DFS already completed, but the re-rating is already somewhat/mostly reflected in the share price, and NMX trades for multiples higher than CRE market cap... If you prefer brine to hard rock, $LAC is a good name with the right partners/backing (SQM and Ganfeng Lithium). #lithium #mbgtrends
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from @jayfire,
SEDI_bot Lithium Americas Corp. $LAC just filed 2 reports. View full report: SEDI:LAC
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from #insiders,
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@Excelsior Stockcharts struggles with #AussieStocks, but sometimes you can use the OTC ticker for the general trend. I use Hotcopper as a resource for the Austalian tickers, but just use Yahoo finance to chart Aussie companies. Interactive Brokers is a good platform for trading and charting Australian tickers as well. As a consolation prize here is a quick chart of the #Lithium stocks (mostly US/Canadian) that could be charted on stockcharts (Galaxy & Altura had an OTC tickers that worked): $ORL $GALXF $LAC $NMX $PE $DJI $CRE $BCN.L $FL $ALTAF http://stockcharts.com/freecharts/perf.php?ORL.TO,GALXF,LAC.TO,NMX.TO,PE.V,DJI.V,CRE.V,BCN.L,FL.V,ALTAF&p=5&O=111000 It would have been nice to include some of the #AussieStocks like the #producers $NMT.AX and $MIN.AX, or the #developers $PLS.AX $KDR.AX $BGS.AX - but no dice....
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from #mbgtrends,
SEDI_bot Lithium Americas Corp. $LAC just filed 1 reports. View full report: SEDI:LAC
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from #insiders,
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@Excelsior #Korelin Economic Report - Cory's Insights #LITHIUM SPACE WED 19 APR, 2017 #mbgtrends #index ** Just a heads up that I really blew my wad today posting on the KER blog with several months of articles, news, charts, editorials, and rants on #Lithium #Batteries and #EnergyStorage sector. It may be a good place for investors to do a litle light reading. :-) ~EnergyStorage $SQM $ALB $FMC $GXY.AX $GALXF $ORL $OROCF $NMT.AX $RRSSF $MIN.AX $MALRF $LAC $LACDF $NMX $NMKEF $PLS.AX $PILBF $PE $PEMIF $DJI $DJIFF $CRE $CRECF $BCN.L $BCRMF $BGS.AX $KDR.AX $FL #LIT #Ganfeng http://www.kereport.com/2017/04/19/request-lithium-space/
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from ~energystorage,
SEDI_bot Lithium Americas Corp. $LAC just filed 3 reports. View full report: SEDI:LAC
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from #insiders,
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@BiPolarHolder "If all the lithium produced today went into EVs, we could produce 3-4 million cars" - @DavidDeak #Benchmark2017 All EVs will rely on our "ability to deliver lithium to the world" - @DavidDeak #Benchmark2017 Vancouver "We have reached a point of no return on EVs.... it's like trading in your iPhone for a Nokia" - @DavidDeak at #Benchmark2017 Vancouver "it's like a rollercoaster but way cooler... it can change the way people think about transportation" @LithiumAmericas Dr David Deak on EV $LAC $LACDF #lithium
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from #lithium,
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@pdac jow lowry said watch for $LAC and $SQM for something big soon? what could it be?
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@BiPolarHolder @pdac $SQM is having their shareholder meeting tomorrow, 4/28 at 10am. Perhaps $LAC is waiting for $SQM to announce the schedule for commencing construction in Jujuy?
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@LoveShopify Yes. I do expect an announcement to come soon after that meeting tomorrow or next week. This is why there was so much insider buying last week. They know this news is coming soon.
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@Suppyking There should be more than one $lac announcement coming
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@PamplonaTrader About friggin time $PLS.AX. However, what is going on with $LAC financing?
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from #lithium,
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@pdac @PamplonaTrader is $LAC doing a Private Placement?
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@pdac @BiPolarHolder thanks i didnt know $SQM was having their AGM tomorrow but makes sense with all insider buying
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