Their only claim to fame is not using evaporation but a new proprietary process that is till in the lab testing stage.
Just north of PE is ABL, taping the same brite system with massive evap ponds that has been in business for many years and is currently a world class supplier of Li.
Li is a global commodity - the lowest price wins not matter how it is produced or where it comes from.
Expect several large financings before a commercial scale Li recovery facility is up and working.
I have seen some estimates that it will take between $100-$200M. Considering that the current mkt cap is about $40M you are looking at a potential dilution 2 1/2 to 5 times increase in common shares outstanding.
It can't see them using debt as they have no current business to provide cash flow to service the debt.
I would assume it is back-ended as they are still in the ramp up and tuning stage. Would expect a lot less than 116/4 in q2 (ending feb 29th). I expect report in mid-April
All Pd stock moving nicely - my takes:
PLG is up another 20% today - really running but I can't see why - their TPD and grades and costs are unknown yet as this is the first real qtr of operations.
PALDF - Insane
SWC - IMO solidly in the black but do earnings justify this price?
big: Sold some PLG this AM at 2.97 and bought it back at 2.82.
PLG running too. Up 12% yesterday , 19% today. Up 122% in 4 1/2 weeks.
Congrats on nice calls. :-)
Ford: I am not grouchy. Made .48 x 6000 on the short side day trade today.
We’ve reviewed your 12/21/15 and want to alert you that your current bundle agreement is ending on 5/9/16. However, because you’re such a great customer, we’re going to apply a new promotion to your bill through 5/21/17. This new rate is just $15.00 more a month than your current rate.
Wow - quite a reward for being loyal - a 10% increase.
Today? What about TUMI, JNUG,NUGT and even PLG? As someone once said "You are entitled to your own opinion but not your own facts"
Part of the confusion comes from the inability to distinguish a deficit from a shortage. If you have 1M in the bank and your earn 100K and spend 110K your have an annual deficit. But you have no shortage of money until many years of deficit depletes your bank account. Since we have no idea of how much Pt is hidden in "bank accounts" , talk of deficits is just that, talk. When I hear that cc makers have put auto makers on allocation then I'll be a believer.
5 years ago price of PT was about 1800. After 5 years of supposed deficit it is 950. Explain please.
I did notice a couple of 13-G (5% ownership) filed not too long ago but didn't look into whether was a new position , increased position or reduction.
Didn't mean to imply chart supports my position, just that it is a good data source for US production. Have bookmarked it and will monitor as year goes by.
I don't think FC will be a big factor - refueling infrastructure not there. They will meet requirements by a mixture of EV, hybrid and ICE improvements. There is an incentive to do it via ICE mpg improvements as most sales are ICE and it has high visibility on the price sticker. IMO people still look at MPG despite low gas prices as they have seen how they can go back up very easily. Note that CAFE standards are MPG standards, not emission standards , so increased PD loading is not relevant.