TAW just keeps on delivering, can't wait for the resource upgrade
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Thanks kiora, what a mega mud treasure chest ,if reserves of the rare metals are proved up. It will remove the monopoly china has and lower prices somewhat.
A company defining moment for Galaxy Resources today..great management and massive upside.
https://www.asx.com.au/asxpdf/201805...fjdh9jd6rd.pdf
Congrats guys s/p up re 11% atm . mkt cap $1.35 bill (onASB)not far off ORE $1.5 bill excluding oppies etc.
Once again holding TAW - AJM looking good buying now they are in production and shipping tons Lithium .. forward EBITA looks very nice at these levels
Been a long wait for remaining holders:crying: but now looks like Czech government and more importantly Prime Minister Babis onside.
https://www.asx.com.au/asxpdf/201907...3lnnzg4fkv.pdf
Up 17% on London stock exchange overnight 1.3 million shares traded.
And yet the S/P has dropped since.One of the most talked about stocks struggling somewhat?
Quarterly Activities Report - June 2019
I hold only ORE (still)in the lithium space also down. lithium price up 3% weekly, up 2.44% month , down re 17% year. EV sales hardly setting world on fire atpit.
Congrats on the 52 week high but all I can see is a 2 Million Euro convertible loan facility being discussed. There is so much yet to happen before this project gets off the ground and a holding could be seriously diluted. I was happy to have sold at 95c but can certainly see myself buying back in again at some stage.
JRL, all time high today.
FYI, all time high today.
Lets collate list of stocks with Lithium.Heres a few
ORE up re 90% since nov
PLL up re 350% 1 year
SYA up 71% yest!!
GXY up re 44% since nov
JRL up 30% this year
FYI up 55% recently
LRS up 600% 1 year
LPD 100% up in a few days
AGY re 90% ditto
LAC nyse can't get chart up 12% o/nite
AVZ 4 bagger 1 year
fwiw LAC on 1/1 was 13.53 now 21.47
1 year ago 4.15
my holding +463%
Lithium?
Read investor presentation:
https://cdn-api.markitdigital.com/ap...df02a206a39ff4
Here are some tickers from a scan .
ORE
GXY
PLS
EMH
FFX
LIT
XTC
RVR
NMT
RNU
EUR
LPD
OLL
AOU
LRS
LPI
MTC
PAM
TEM
KAI
GLN Galan Lithium?
I take your point.How about actually contributing and SHARING.
Give to Get
Can one suggest what one is buying....there are risks I suppose eh.
Thanks Im still holding NMT and AGY.Bought some more BSM....graphite.ADO are a high tech outfit encompassing battery and covid technologies.
Are all your lithium stocks booming too? LAC up 34% today to $27.50. The first parcel purchased is now my second 10-bagger in my life (humble brag). At least some consolidation for never pulling the buy trigger on VUL and NC6.
Which are the low cost producers? Recommendations on ones to look at further
There are two main ways Lithium is produced, Hardrock mining of spodumene or via brine pools. Clay is currently a bit of a pie in the sky in my opinion.
The value add is in downstream processing converting Spodumene to Hydroxide compared to direct shipped ore which is currently processed in China.
Lithium Hydroxide is what EV battery manufacturers want, the easiest way to get Lithium Hydroxide is via Spodumene not via Brine which needs to be converted to Lithium Carbonate first.
The world leaders in Lithium are Gangfeng (China) and Albermale (NYSE), as well as SQM (NYSE).
My picks as follows, I'm not currently buying more of these after they have run, but I will happily continue to buy on any pull backs.
PLS.ASX:
Owner of Pilgangora Mine in the Pilbara, WA. Recently acquired AJM's asset next door after AJM went bust, doubling its hard rock deposit. Has a sizeable debt recently refinanced at lower rate. Not cashflow positive but close.
MIN.ASX:
Diversified Miner, high cash balance, Iron ore/mining services business generates lots of cash. Has two major hardrock resources in Mt Marion in Kalgoorlie 50% JV with Gangfeng, and Wodgina in the Pilbara 40% JV with ALB (currently on C&M). Has Hydroxide plant being built under the 40% JV with ALB.NYSE in Kemerton. Owns 6% of PLS.
AVZ.ASX:
Exploration/Potential Miner in the Congo. This is a gamble on a stock in the DRC, a dangerous and corrupt country, but it is the biggest hardrock resource in the world, also has sizeable tin deposit. Just signed OT with Gangfeng, waiting on financing.
FYI: The lowest cost mine I believe is greenbushes (Talison JV) which is owned jointly by ALB, IGO.ASX (recently bought into the JV) and Tinaqi (China).
I hope this helps someone.
Thanks Norwest.Re AVZ.I along with a few others had money in WFE...supposedly had a huge find and potential for cobalt.In the DRC.
WFE could not convince either the oz or brit exchange to accept rational for listing.Reasons are probably clear.Good luck.
I note you joined last year.,..please reply privately cheers troy.
btw ...have you observed AGY NMT LPD in recent times.
Yes I own all 3.
Hi Norwest
Have you looked at Geo40?
https://www.stuff.co.nz/business/117...othermal-fluid
thanks for sharing that Kiora, Im in taupo. For me if they get listed it could be an opportunity. However, I bet the pilot plant is tiny with no hopes of scaling up...
the only companies i see succeeding are ones that can produce lithium on a big scale to attract agreements with car manufacturers etc. NZ being the furtherest away from any potential market apart from itself, it would be even harder to make money given the distribution and logistics cost.
AGY - brine which doesn't interest me. There has been a lot of push back around water usage in brines by the local communities, plus brines produces Lithium carbonate.
NMT - When they sold there Mt Marion interest to Gangfeng/MIN at least they had a retainer for their planned hydroxide plant, but I don't know if this will get off the ground anytime soon, I've been following the progress closely around Tinaqi's hydroxide plant expansion in Kwinana and ALB/MIN hydroxide plant in Kemerton both of them were hit by temporary delays/downscaling. It's not cheap or easy to build a hydroxide plant.
LPD - low grade, small resource.
I don't think you'll go wrong with your choices in the long term but I do think will be some consolidation of resources/production at some point.
AVZ is definitely a high risk gamble in every sense of the project and it could very well go bust I've already resigned myself to that fact, but the rewards will be amazing if Nigel and the AVZ team can pull it off. The underlying Manono resource is so big it will get developed into a mine at some point this decade - Hopefully that's by AVZ and not someone else!
It's interesting, but that's even more pie in the sky than the lithium from clay's in my opinion, I don't see how well it would it work at scale? They are targeting Lithium Carbonate not Lithium Hydroxide. Although Lithium is used for a lot of things, the demand driving the growth is for EV batteries and this needs hydroxide... anything that uses generates carbonate has to be processed further to get to Hydroxide.
Here is a great article that explains what I mean with some good graphs as well: https://newagemetals.com/lithium-sup...rock-vs-brine/
What are your thoughts on the recent progression for AVZ ive been in since 2016 with a average buy of 6c was always a ten year plan for me back then too.
With offtakes for 80% of SC6 product and a tin offtake in place, appointment of a new CFO. I personally feel like it is being de risked every announcement. I do like to take into account peoples views however.
But from where i currently sit it looks like AVZ will be going to mining by 2023.
Where do you think they sit as far as a market CAP and share price?
I believe even with current risk involved it is under valued, And with financing to be announce soon I expect the share price to skyrocket as the project is further de risked
Any thoughts?
Yes the offtake's have been great announcements with some big players, however as you rightly point out the big thing that will light this fire will be the financing and more specifically the terms of the financing. I would have preferred a JV with a big player with big pockets like Albermale, CATL etc to de-risk the financing, but we seen what the FIRB thought of that last year, so I can't see that happening and instead it looks to be pure debt financing rather than a JV.
If the Manono project was in a stable jurisdiction then they'd already be mining. The biggest risk to this project is where it is located, not just the DRC but where about's in the DRC it is.... its in an unstable region of an unstable country.
Ken @ Pilbara Minerals got a great financing deal last year for the takeover of Altura's mine, how many points difference do you add to this for such an unstable location? The answer is a lot. Nigel has been ticking all the boxes thus far, we'll soon see if he can pull a great deal for the terms on this financing.
Some profit taking today but it's been a great recent run for FYI ...
What a fantastic recent ride Lithium has proven to be.
PLS up 11% today and now valued at 6.7B, I love how at the diggers and dealers presentation Ken called the AJM acquisition "cost-effective" - I would say it was an absolute steal. Their BMX platform showed us the real spot price of spodumene. His comments about "overbuilt" processing capacity in China was odd to me - especially when he then continues to talk about their potential build with POSCO in South Korea you have to take these comments with a grain of salt.
AVZ jumped massive yesterday on no news, I'm suprised that they didn't get a speeding ticket for it... in the past they've had news leak before so will be interesting if they release something later this week.
MIN has also been a rocket... the IO price is affecting it going higher at present, the commissioning of the Kemerton site is expected by the end of 2021 the plant is expected to be producing battery grade lithium hydroxide... both ALB and MIN are hiring people there but labour is hard to find and expensive which the whole mining industry is experiencing at the moment... at the moment their FCF is fantastic from IO and I'm pretty sure that as soon as Kemerton is open that they will be opening Wodgina back up to feed it.
Like who would have thought....Lithium shares performing...
JRL started the year at 80c.
Hit $3.62 today.
It will be interesting to see what CXO does tomorrow (11 Aug). Over the last two days they have been in a trading halt as they:
Secured A$34m from Ganfeng (A huge Chinese player) @ A$0.338
Raised A$91m from institutional investors @ A$0.31
Expect to raise A$15m from a Share purchase plan @ A$0.31
Have signed a binding off-take agreement with Ganfeng for 75,000tpa for 4 years
https://wcsecure.weblink.com.au/pdf/CXO/02405082.pdf
Shortly after open they touched 43.5 which is an all time high, bettering the previous peak of 42c. I think the 41c close was also a record close. Direct broking reported 145m shares traded at $59m so i suspect the $15m SPP isn't a big player in the movement. To get that volume needs the insto's.
Interesting JRL delayed ASX SP $3.86 - a bit of a slide in past 24-48 hours
while:
US listed Lithium Americas (LAC) has seen some good rises (+ 35.33% up to US $19.15) in past week's US trading sessions
https://finance.yahoo.com/quote/LAC?....tsrc=fin-srch
LAC's Thacker Pass, if not wrong is located just on the other end of the Large Lithium Caldera
were JRL's US large Lithium deposit is ..
Been wanting a small holding of Lithium shares. So I diligently did my research last weekend and happily bought a few LRS, PLL and MIN. Couldnt have timed it worse! ALL 3 have tanked :rolleyes::crying: dam it!
Whose going to benefit from all the lithium in the ground up Afghanistan way?
Markets have been pretty woeful of late ... got a ton of the LRSOC long dated opts .. actually purchased more yesterday ..I wouldn't stress in the short term as
"Catalyst hunter" has pointed out LRS has HUGE upside potential ...
https://catalysthunter.com/company/l...LRS%20COVERAGE
IGO/Tianqi announced today that they have got Kwinana Train 1 online, and has produced its first lithium hydroxide chemical product. It's good to see the Aussie's (even if the JV is majority Chinese owned) processing their spodumene locally rather than just bulk exporting it overseas.
IGO say 6months to confirm battery grade spec (March 22), which is similair timeframe as to what Chris Ellison said at the recent MIN analyst call for their Kemerton plant so I tend to believe IGO's timings around their announcement.
Great news for IGO and Australia as a whole in my opinion and the market likes it too.
There's been good movement in lithium prices, I recently bought and it's up a fair bit. I would be interested in potentially purchasing one more spec miner and thought I would get some recommendations for further research. Thanks
Purchased my first VUL, SYA ,CXO, JRL, INF early Jan 2021
Majority of these I have been very happy with especially VUL and SYA up over 100% on both.
This is just the beginning over a massive shift into EV. Huge shortages expected, Car companies, countries committing to changing to EV within next Decade or even sooner. I just read an article that even new homes with have to be built with EV charges in UK. It isn't just cars that will be using the Lithium.
Fresh crop just announced 4U NZS.
https://stockhead.com.au/resources/b...5m-market-cap/
CATL onboard with financing for AVZ, this is a game changer for their Manono mine.
Makes AVZ my biggest multibagger to date. Well done to anyone else on board, Still a lot more news to flood in too
In fact - the whole ASX mining stock on a steep decline
Took a position at 51c recently in PAM (Pan Asia Metals) sp now 42c still above recent over subscibed capital raise at 40c.
They have some amazing low cost lithium production potential in SE Asia including geothermal lithium.
Check the md, Paul Lock on YouTube Spark plus webinar presentation.
Good luck - on a quick look at the presentation I don't like the look of PAM. It might do ok, but so might many battery play options. The PAM plan appears to be hard-rock mine a lepidolite resource that starts at an average 0.43% lithium concentration. Some zones are above this, others below. The 0.43% used here comes from Page 13 of the PAM presentation of 10 Sept 2021. The amount of over-burden to remove is unclear (or is it underground mining?). Assuming no resource loss on concentration (unlikely) you will need 233t of ore to get 1t of 100% lithium.
As a comparison, CXO's new Grants open-pit mine starts with a 1.49% resource concentration. There's an estimated 71.7% recovery rate on their DMS. You need 5.4T of ore to get to one ton of Spod 5.8%. You would then need 17.2t of Spod to get to 1t of 100% lithium (assuming like for like with above there is no further conversion loss). The Australian mine equivalent needs 93t of Ore to get to 100% lithium. PAM's model needs to 233t, and possibly more assuming some processing losses. The PAM model needs 2.5x more ore for the same end product. If mining costs were excessively high in Australia, Australia couldn't economically produce the resources it does. While Thailand may be a bit cheaper, I wouldn't see it being massively cheaper mining hard-rock lepidolite/mica rick pegmatites in Thailand than its going to be to mine pegmatite's in Australia.
So now back to being low-cost. After moving and processing circa 2.5x more dirt/ore, the slides put the cost structure as half. The lower cost comes from all the by-product credits. That's a massive contribution from the by-product credits if it takes what would appear to be over double the cost and turns it into half the cost. If the by-products are potentially lowering the "cost" by 75%, is it really a lithium play, or are the by-products the main thing with lithium as the by-product?
RLC looks interesting...I can't remember exactly but they have some potentially huge lithium tenements in the US and it's close to something...either a processing plant or an electric car factory. The balance sheet, on the other hand, looks ordinary. See what others think
Lithium for me is the Wild West… I’ve been burnt a few times. Tawana was the bad one… everything was rosey, even extracting ore! But then all this dodgy stuff went down. Pretty sure everyone lost their money or still in the courts… be careful out there chaps! Only have one mining stock left now🤣
Have held Galaxy for years as my largest holding then. It isnt now. Galaxy is now orocobre and I couldn't be happier. The upside from projects coming online and crucially the timing couldnt be better. From my perspective which is limited, i simply couldn't go past orocobre.
Lpd...nmt...agy
AVZ - New ATH x3 since trading opened yesterday, Lithium sector is hot and this would be the most undervalued darling child on the ASX lots of upside and ML due any day
My opinion isnt important to be fair. Over the years I've heard opinions of others who seem to know their stuff, and most end up as duds. Now that I ignore others and do my own research I am doing far far better in my investing. For orocobre they have a converter and great assets (both hard rock and brines) located geographically strategically and are advanced enough to pounce on high prices. Whats not to like?
AVZ taking off again today .. up to 50c
Add:
Close @ 53.0c (up 14% for the day)
What will next week bring with this one also listed elsewhere in Frankfurt I believe ?
Magnesium stock LMG also taking off like a rat up a drain pole today
High 7.7c close 7.4c .. up from 6.1 yesterday :)
With AVZ end of year announcements all due
Mining License
Colab agreement
FID
Bankable feasibility study (hinted that it is completed but waiting on ML)
and Full project funding.
I am picking it will be far more than .53c
I must say after 3 1/2 years and averaging down the whole way i feel like it is well deserved and over due. Huge upswing still to come and a re-rate of SP was inevitable
LMG have taken off like a rocket this arbo :)
Agree with you there :)
With Lithium, it's all about purity & grades -- on that Manono must rate highly
Having not one but two large deposits - each the size of the notable WA deposit, if not larger ,
the depths, thickness & much more must all support it looking undervalued
Grant of a ML may likely see more value being recognised by the market
A fairly experienced Board with decades of experience in the industry & in African mining
What could go wrong ?
possibly a gift at current SP ? ;)
Discl: Holder & accumulating
Love it - and agree
to answer What could go wrong ? - according to Hot copper and Twitter trolls, "Ebola, military coupe, China take over" bla bla bla -the best thing about trolls spewing garbage it has made me tripple check and then check again. Im still holding my parcel from 3 1/2 years ago. Long way to go
The "Monster in the Making" briefly touched above A 0.61 today..
A very good address by Chairman today:
https://cdn-api.markitdigital.com/ap...df02a206a39ff4
seems to point to even better things to come :)
Xerof, We mentioned AVZ on the Tin Thread january this year, it was about 20cents then, my average 6.3cents. Will be holding for awhile yet . Big week coming up.
has touched .70 Aud today and a few hours left - African business forum tomorrow will bring some more news and more to follow Wednesday, Exciting times. I got in a bit early but hey cant time everything perfect. Average is 7.8 C first buy on the way down at .15c 31/2 or so years ago. Much more to come, and id consider this still "early" days not just in stage of the company but also international demand for Lithium over the next 5-10 years
The American market appear to be starting to waking up to AVZ
Does this tend to make AVZ look like a steal & a half ? ;) -
https://finance.yahoo.com/quote/LAC?....tsrc=fin-srch
Lithium Americas Corp. (LAC)
NYSE - NYSE Delayed Price. Currency in USD
$ 37.49+4.30 (+12.96%)
At close: November 19 4:00PM EST
and the 49% part owner / partner in the Green Bushes WA AU Large Li Deposit:
https://finance.yahoo.com/quote/ALB?p=ALB&ncid=stockrec
Albemarle Corporation (ALB)
NYSE - NYSE Delayed Price. Currency in USD
$ 281.43+6.77 (+2.46%)
At close: November 19 4:00PM EST
Interesting comments in Stockhead commentary on Lithium companies:
https://stockhead.com.au/resources/m...50pc-in-a-year
From SQM:
Quote:
There is more joy to come, SQM boss Ricardo Ramos says, with lithium pricing expected to be 50% higher in the December Quarter than the September quarter with spot markets raging and legacy contracts coming to an end.
Quote:
The market growth is putting pressure on prices, as a result, we forecast average prices to be close to 50% higher in the fourth quarter this year when compared to prices reported in the third quarter 2021.
God this time last year you could find articles saying its speculative. Wait until they write another "darling children of the ASX" article after writing something completely contrary the year prior. Always looking backwards never forward.
GO AVZ ! for the holders here - AVZ real reward is 2024/25
AVZ Minerals - other exchanges apart from Oz -
Frankfurt:
https://www.boerse-frankfurt.de/equity/avz-minerals-ltd
USA OTC:
https://finance.yahoo.com/quote/AZZVF/
Anyone have a particular view on Liontown Resources? Undertook a massive placement - $450m odd - at $1.65 which was a ~14% discount to previous close (I forget what the theoretical ex price was) and post trading collapsed to $1.49. Good management, good resource, project NPVs including various scenarios all look quite a bit higher than marketcap, blue chip instos taking place at the CR at 1.65. Lithium just a giant green bubble or liontown no good?
An 'inside' on one of the major Chinese Car Battery makers
https://www.nzherald.co.nz/business/...OXFVH4UNGOLFM/
Note: Premum content
AVZ Holders will recognise the name
Hi Fiordland, Bell Potter as part of their picks for CY22 and Marcus Padley have recently commented positively on this stock. Check recent posts on livewiremarkets.com.au and you can see their analysis.
disc.. hold this and Mineral resources for lithium exposure
Thanks Hamish. I wound up buying a few parcels around the 1.45 mark. Pretty content and pleased the spot price above the coming rights issue.
One company that has blown me away is Neometals. I bought in at 90c only a few months ago - what a ride! Itll either be massive or fall to 10c in a few years time but love what they are doing. Safely disposing of and recycling / extracting valuable minerals from spent lithium batteries an exciting area - the macros are huge, if the company has an IP based moat and doesnt become a dirty tolling operation
Issue 74 at the link below has a listing of producing and emerging players in the lithium space. Companies like LTR (Liontown), CXO (Core), AKE - Allkem (ex Galaxy/Orocrombre) and PLS - Pilbara are all listed along with a number of others that are exploring both in Australia and other locations around the world.
As can be seen from the 3mth and 1yr returns, Lithium has been a good space to be invested in 2021. The shorter period of the last month looks pretty random as to what the movements are.
https://www.rkequity.com/publications
Thanks Scrunch....HNY.