73 days ago
Oh dear, oh dear as disgraced share tipster Old Mother Mike Walters used to say as yet another one of his share tips headed for a crash landing in Tits up Alley. One of his biggest disasters was, of course, Minmet (MNT) the fraudulent gold miner based in Brazil. Horizonte Minerals (HZM) wants to be a lithium miner based in Brazil. My 2 year old daughter wants to own a real life pink unicorn. I want… well, you know all about Cheryl Cole.
1185 days ago
As a still loyal shareholder in Jubilee Metals (JLP), notwithstanding its penny share spiv Chairman, I take a keen interest in PGM prices where, my instinct, is that the outlook is very bright indeed. It is something I shall be chatting to Ross Norman about on video next week. Anyhow, in that context I thought you might enjoy this detailed note on PGM & Lithium prices from broker Fox Davies.
1905 days ago
2018 should be seen as a reset year for lithium. Low-quality Chinese lithium surprised the market, but it doesn’t change the long-term demand picture. If anything demand continues to strengthen and he has never seen a more significant disconnect in any commodity. Analyst Chris Berry says, “Energy metals are a compelling place to be investing.”
2040 days ago
I pick up the writings of an anonymous but influential Battery Materials writer, a well known City figure who warns that the misery for shareholders in Bacanora Lithium (BCN) is set to intensify. In an email sent out this morning he notes, with the stock at 35p:
2186 days ago
A City source has revealed to me that the long serving and self serving fat cat boss of serial uber dog Arian Silver (AGQ), Mr Jim Williams is set leave the company within days. The forced departure of Williams, whose pay has been obscene in relation to the 99% shareholder wipeout which he has presided over, is a prelude to yet another fund raise.
2629 days ago
I think we are in a crazy market for resource juniors and I am expressly NOT recommending you buy any of the shares below. But such is the madness that prevails, all sorts of mining and oil junors are seeing their shares fly. Worthless assets, crap management, no cash. Who cares? Just say you are looking at Lithium and off we go. So this is an experiment. Steve Moore will track the 12 stocks below, largely suggested by you and report back after 1 week, 1 month, 3 months, 6 months and on December 31 comparing this portfolio with the FTSE AIM Index and the FTSE 100. Just for fun, the dirty dozen are:
2942 days ago
On 15 December 2015 long time David Lenigas lackey Roland "fatty" Cornish floated, already Aussie listed, European Metals (EMH) on the AIM Casino on the back of its Cinovec lithium project in the Czech Republic.
2980 days ago
Bacanora Minerals (BCN), the AIM and TSX-listed lithium explorer with assets in the Sonora province of Mexico, has stood out from its peers in the junior exploration space in recent years. While share prices have collapsed all around it, this lithium play has maintained a market cap of £70 million despite having yet to release a PFS. Part of this is because lithium was the hot commodity of 2015, but also because (as Peter Secker alluded to when this exact question was put to him at Gold and Bears) Bacanora has a "supportive shareholder".
3072 days ago
Another hat tip to reader Rudyard. Jabba The Hutt, aka, David Lenigas is a share promoter, and a good one – so far at least - but the result is that shareholders in things like Rare Earth Minerals (REM) can end up over-paying. There is no doubt that the Sonora lithium deposit is very large, and in the fullness of time could generate substantial value. But that misses the point, which is that Rare is an investment company and one should therefore look at the share price in terms of the current market value of the individual components. This is important when you can get access to the same assets via investing directly, in other listed companies.
