it better bounce from here or im straight back out. |
in with 100k gla |
will be back in for a few Monday morning on the Bell.
opportunities to buy in @this price doesnt come round often.
see you then! |
I tried to tell you months ago this was a load of tripe. Burning cash, taking on debt, convertibles hanging around, AISC ridiculous. It will go the same way as BMN. To the bin. |
What's the take on this extreme drop in share price?I've been watching for a while, and am in now on this drop. |
If the tin and tantalum pay the AISC, the petalite is the profit. Still a decent profit when they ramp up production. |
The classic AIM mixed bag RNS. |
Personally I don't think another company is going to stump up $xxx millions to build a battery grade lithium plant.
The world has changed.
Users don't want EV as many can't charge at home and repairs are expensive if there's anything to do with accident damage potentially damaging the battery racks.
EV chargers on the road are expensive.
There's a trade war with tariffs on Chinese cars in to Europe.
Western EV manufacturers and battery plants are going bust.
Overall, it's not a good environment to plunk so much money for a lithium supply. You get a call off agreement instead. |
I suggest you check out a Lithium chart.... |
Steady away again.
AISC fully covered by tin price.
Tantalum circuit working. A few ton produced.
Petalite expected to be around 40,000t pa once preconcentrators built next year.
I believe, from May 2023 they expected tantalum to fetch $150k/t and petalite $2000/t
Major downside is no lithium agreement yet.
It's been over a year since Barclays started looking for a strategic partner for us.
As I said before, HZM were brought down by spiralling mine costs and associated debt.
They do state it's progressing well and are looking for multiple deals over their various assets. |
https://www.linkedin.com/pulse/inelastic-demand-obvious-new-supply-create-perfect-07p3c/?trackingId=V3SaugIKQeGvvpLsDoX2Xg%3D%3D |
yes ... lithiou mines are going brrrrrrr like fed powel
what i do not comprehend is atm lithium has an advantage being just an add on value to the material already mined
so how much is that of an advantage against pure miners?
Massive US Lithium Source Found - In Fracking Wastewater..... |
It's hard for the company when everything has to be kept under wraps. The dynamics of the lithium EV market are changing rapidly, and a lot depends how defensive western companies will be against cheap Chinese competition.
Uis shut down previously due to the low tin price and relatively high aisc.
So far the management have kept their word.
To protect current shareholders, perhaps the ev lithium could be spun off as a separate entity, so debt from construction doesn't bring down the whole lot as happened at Horizonte. |
Andrada have had unsolicited approaches from a "double-digit" number of entities with regard to lithium development at Uis. One would imagine that negotiating with all of these with a view to getting the best deal will take time. In the meantime, AISC for tin stood at $26,223 according to their last update, with the current market price for tin around $33,000. This company is not going under, though of course lithium is in over-supply, and how the dynamics of this will play out in the next few months is anyone's guess. But I'm a complete novice when it comes to this sector so don't pay any attention to what I say. :) |
Look at Horizonte Minerals. Splurged $$$ building a new nickel mine with debt, not completed, cannot refinance, going under.
It's been over a year looking for investment in a big lithium mine.
Maybe this is all we get?
Upgrade current lines and stay as a small producer, but reliant on the tin price which isn't good when commodity prices fall.
I've turned quite negative on the outcome of this new mine as the silence is deafening. |
Tin price up 35% YTD...ATM may get noticed soon as a producer in a safe area politically |
Andrada gets a mention here. |
Another week and it will be a year since Barclays were appointed as strategic advisers for the lithium development.
Anyone baking them a cake? |
youve got to have fast fingers in this game atb
see CR Thread
xXTiPSXHEETSXx |
Your virtual trade (not a trade) did well Purple.The fake portfolio must be at an all time high now. |
Nico's - just the below. |
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