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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.
@Scottrades@Excelsior Thanks for tagging the others! I was in a hurry when I went to post, too eager to share I guess. :)
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@Excelsior@Scottrades - It was a great article and spot on as to who the current players in the space are with Albemarle, FMC Corp, SQM, Ganfeng and Tanqui being the largest consortiums, but I just wanted to make sure the OTC listings got tagged on Galaxy and Lithium Americas Corp for US and overseas investors that may be following the Lithium space.
Also, Nemaska and Orocobre are still players and legitimate LI companies. This group are all first to market (along with the Neometals/Ganfeng/Mineral Resources new production venture), and thus, they will be first to supply the LI demand equation.
@ylrBut last time I was spot on. ;) I am using cycles the way no one uses them and I get results no one gets. It's pretty phenomenal. My $LAC, $PE, $NXE, $MMS, $ABR cycles have been perfect so far. I don't see why my $ION cycle would lie about a pop.
@backstroke_$LAC waiting for updated feasibility, must be getting near, more than few weeks past last guidance.
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@PamplonaTrader$LAC In previous presentations they claimed operating costs would be US$1,330/t LCE net of potash credits (FS assumes $600/t KCl vs $249/t costs). It would be uneconomic to recover potash at current prices so eliminating the credit would suggest operating costs closer to US$1,900/t LCE.
These are fantasy numbers when you compare these projections against costs at Olaroz ($3,500/t) and Sal de Vida ($3,400/t).
Having said the above, $LAC is now fully funded and has world-class partners. Just not sure how much torque share price will receive from an updated feasibility but we will soon find out. Holding half position for $1.60 #lithium
@backstroke_@PamplonaTrader Agree on the operating costs, but they are targeting different production rate and have a partner who should know more accurately plant costs etc. Market demand, forecast and prices all different.
Unsure on potash, $SQM might have a different stance based on their 2020 view of fertilizer market. $LAC#lithium
@ylr$LAC Here is my analysis of the recent move on the hourly chart and why I think there is more juice in this.
1) Broke out of a 38% symmetrical triangle
2) Now in a solid uptrend building small steps
3) Today cycle indicated a bottom, leading me to think there is more upside.
4) MFI has a negative divergence however I don't see it has a problem (see my 15m chart analysis)
5) STO BUY
6) RSI is a bit overbought but nothing to be concerned about at the moment
7) Once we break the red trend line it hit will roll big.
Now let's look at the 15m chart:
1) MACD cross
2) MFI positive divergence and came out of oversold, look what happens when it does this.
Note that LAC has an history of being a big mover on Fridays.