More about Tesla and Lithium - from a Walltreet Trancript article:
" The one interesting international name that we look at is SQM (SQM) in Chile. About half of its EBITDA comes from potash and other fertilizer products; one-third comes from iodine and the rest from lithium and industrial chemicals. The iodine market has had a bit of a tough turn over the last six months or so, but we are quite confident we are seeing bottom in that market.
Lithium is really starting to take off, especially following Tesla's (TSLA) Gigafactory announcement several months ago. The question for Tesla is, where they are going to get all of their lithium from. That factory alone could constitute 20% of global lithium demand in the next couple of years. And then with the potash market stabilizing, we think SQM has really been hit hard and should be bottoming now. We'd certainly be looking to add to our position on any weakness there..."
Amazing what a 10Q will do even if it doesn't say anything new.
Truth! When I read what was on the board, I thought almost the exact same thing but just didn't have the nuts to say it.
True story - maybe 15 years I was visiting a now-deceased brother-in-law that had spent his whole working career in the O&G business, mainly pipelines. Occasionally, during our stay at his place, I brought up the subject of some O&G plays that I thought were interesting. He had almost no comments. As we were getting ready to leave, he took me into the kitchen and said, "Lar, in coming years, more than oil and gas, this world is going to need a LOT of useable water and here's a company to keep an eye on." He handed me a card with a name on it and when we got home I looked the company up but it was a private firm so I lost interest. Only thing I remember about it was that it was based in TX.
I never forgot what he said because I can't tell you the number of instances where the need for useable water has arisen in everything you read, hear or view and, every time, I think of Al leaning against the counter saying WATER is a good place to be.
So taking a gamble on a true penny stock 100% in the water business just makes it all the more interesting to get up every morning and check on WTII looking/hoping for progress.
All so true and that's why it's a penny stock. FWIW, I bought in after watching the video and seeing a bunch of workers making things in their workarea (at least, I hope it's their workarea). :-))
- Stash of Natural Gas Running Low. Talked about injection into storage facilities going all out but it's still 27% below the 5-year average, and
- U. S. Steels for Import Battle. Talked about new tariffs on specialty steels and tubing much of it used in the E&P industry. More than a billion in added tariffs against 9 countries with South Korea the worst offender.
With NG prices so low again, I wonder just how much new drilling will be done what with low NG prices and rising prices for the stuff used for exploration which makes for a real disincentive to drill and produce.
Guess we'll know in a few more months.
So they skim off the oil that rises to the surface and then run the less oily water thru the Voraxial to get the remaining oil out of the water.
I wouldn't think that it would be anything else since tomorrow's Friday and companies usually don't put out PRs before the weekend.
Tesla announced plans to build a gigafactory; a massive battery plant which will bring with it supply
constraints in the lithium markets. With demand for lithium ion batteries expected to grow in the coming
years, ++++ is working hard to be in a position to supply part of this demand.
To address the supply issue, Tesla is scouting sites for the gigafactory to cut their production costs by 30
percent. "We're actually quite comfortable that we're heading toward a final agreement sometime later this
year," stated JB Straubel, Tesla's Chief Technology Officer, on their earnings call. "Groundbreaking could
begin as early as next month," said Elon Musk. Tesla has named Arizona, Nevada, New Mexico, & Texas
as possible factory sites & said it will break ground in at least two of these states.
Elon Musk has stated that he believes that more than 50% of all vehicles sold by 2030 will be fully
If his prediction is correct, this will equate to 75 million vehicles requiring nearly 3,000,000 tons of
lithium per year. The worldwide production of lithium in 2013 was around 160,000 tons.
I think it's a little premature to expect that but any "new" plant could be expected to incorporate Natcore's technology as, if it's as good as advertised so far, a manufacturer would be crazy to not include black solar tech.
About the 6th or 7th paragraph is the irksome business, to me.
I did not contact Origin as they seem plugged in to the membrane tech.
2010 - sure glad I waited til then and didn't buy Bion when it was $3. Been in it since 2010 and have averaged down most of the time on 8 buys and no sells and have a day order for tomorrow. I'll hold this for another year in my speculative porfolio. This thing just might get some traction in the next 12 months.
Yes, Soccer, the only news out of Ted in a year and it's nothing really meaningful, like a patent issuance on the intake manifold or the reverse flow techs would have been. I walked away from Ted with the feeling that real corporate progress would come from licensing either one or both of the patented techs to big outfits which would generate royalties for HEC. With a year and a half on the intake manifold patent app and a year on the reverse, I would have thought there would have been at least one issued that would have caused a PR release. I bought stock based on the revenue possibilities from those patents which, to me, based on what I saw and heard were the only reason for owning HEC stock. What I saw and heard them doing in the back room just keeps the lights on. Having said all that, I've been selling steadily for the past month whenever I could cover my cost just because there are better spots for my speculative money and I'm not growing any younger. I'll continue to hold a much smaller position after a couple more sells because I'm still somewhat optimistic about the patents and their obvious potential.
My BAD math!
100 barrels/month X 6 clients = 600 barrels/month X $20/barrel = $12,000/month X 12 months = $144,000/year gross.