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Thanks, read the article.
nngeeh ( Date: 18-Sep-2017 23:17) Posted:
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Bro, You can also read the report from edge regarding Asiaphos. Let' s see if they can continue to grow in the next few quarters.
https://www.theedgesingapore.com/asiaphos%E2%80%99-p4-business-shows-promise-turnaround
https://www.theedgesingapore.com/asiaphos%E2%80%99-p4-business-shows-promise-turnaround
Ronjon ( Date: 18-Sep-2017 22:27) Posted:
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I took another look at the presentation slides by Asiaphos. It just said 10 - 15% is used in Lithium batteries and growing fast.
But the real test surely is in the price of phosphate itself, so I went to look for a chart, here it is.
Phosphate price is flat to declining, which is why Mosaic' s price is getting bashed. Mosaic would be one of the biggest producers of phosphate, so they would be the first to benefit from the " increasing price of phosphate" due to the scale of production.
Asiaphos went public in late 2013 at 25cents per share, price shot up to 48.5 cents on the first day, price stayed at 16 cents level until mid 2014 when it went below and continued declining till now. Those who subscribed to the IPO must have regretted. That' s the price history, going forward, two things determine the performance of the share price, first ability to mine more phosphate, and second price of the phosphate mined. If phosphate has such a great future, then the price of the mineral should reflect it. Look at the phosphate price chart and see if it is consistent with high growth?
But the real test surely is in the price of phosphate itself, so I went to look for a chart, here it is.
Phosphate price is flat to declining, which is why Mosaic' s price is getting bashed. Mosaic would be one of the biggest producers of phosphate, so they would be the first to benefit from the " increasing price of phosphate" due to the scale of production.
Asiaphos went public in late 2013 at 25cents per share, price shot up to 48.5 cents on the first day, price stayed at 16 cents level until mid 2014 when it went below and continued declining till now. Those who subscribed to the IPO must have regretted. That' s the price history, going forward, two things determine the performance of the share price, first ability to mine more phosphate, and second price of the phosphate mined. If phosphate has such a great future, then the price of the mineral should reflect it. Look at the phosphate price chart and see if it is consistent with high growth?
There were tons of material saying all the good things since inception, but the price kept on falling and falling.
I would rush to buy if there are actual contracts and the mine situation is secure. As long as these two things are not there, I think this could only be a punting stock.
I would rush to buy if there are actual contracts and the mine situation is secure. As long as these two things are not there, I think this could only be a punting stock.
nngeeh ( Date: 18-Sep-2017 21:37) Posted:
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Jim Roger was one of the key investors when it was listed way back in 2013. However, i couldn' t find his name under the substantial shareholder' s name now. I look through the past announcement, i also couldn' t find any announcement that he has offloaded the share. If he started out with owning 5%, if he offloaded it, there should have been an announcement ( only those below 3% doesn' t need to make announcement). Is anyone aware if Jim Roger is still a shareholder of AsiaPhos?
http://www.straitstimes.com/singapore/asiaphos-soars-on-trading-debut
http://www.straitstimes.com/singapore/asiaphos-soars-on-trading-debut
Yea precisely. Lithium iron phosphate - LiFePO4.
PO4 is phosphorus.
It's obvious ain't it? 😲
PO4 is phosphorus.
It's obvious ain't it? 😲
You can also read about this on http://www.relionbattery.com/blog/why-lithium-iron-phosphate-battery-applications-are-limitless
nngeeh ( Date: 18-Sep-2017 21:20) Posted:
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Bro, Please refer to their corporate presentation http://infopub.sgx.com/FileOpen/20170816_2Q17_AnalystBriefing_CorporatePDF_v3.ashx?App=Announcement& FileID=467363 slide 28.
Every LiFePO4 battery in an electric car contains 60kg of phosphorus.
The lithium iron phosphate (LiFePO4) battery, also called LFP battery (with " LFP" standing for " lithium ferrophosphate" ), is a type of rechargeable battery, specifically a lithium-ion battery.
The name of LiFePO4 already contain the word Phosphate.
Every LiFePO4 battery in an electric car contains 60kg of phosphorus.
The lithium iron phosphate (LiFePO4) battery, also called LFP battery (with " LFP" standing for " lithium ferrophosphate" ), is a type of rechargeable battery, specifically a lithium-ion battery.
The name of LiFePO4 already contain the word Phosphate.
Ronjon ( Date: 18-Sep-2017 20:55) Posted:
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Management indicated in their presentation slides that there is this Lithium potential. However, has any contracts been secured, or is it just a wish?
On the bright side of things, the company has turned around in the past two quarters from loss to profit. But the real test is whether phosphates are sold to Lithium batt makers.
The other question concerns the mines, how secure are they in the assets? There is news of work stoppage due to environmental concerns, are these issues resolved?
I feel that many a times, people just chiong without really knowing what they are buying.
On the bright side of things, the company has turned around in the past two quarters from loss to profit. But the real test is whether phosphates are sold to Lithium batt makers.
The other question concerns the mines, how secure are they in the assets? There is news of work stoppage due to environmental concerns, are these issues resolved?
I feel that many a times, people just chiong without really knowing what they are buying.
Bro, there' s no phosphate? Thought I read otherwise, but I could be wrong.
Atom99 ( Date: 18-Sep-2017 20:08) Posted:
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I couldn' t find anything mentioned about Lithium batteries in Mosaic, they should be making a big thing out of this, but the reports are all on fertilisers so far.
nngeeh ( Date: 18-Sep-2017 19:45) Posted:
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As you guys know, I have been calling Long on Asiaphos for some time. Now it gets tricky when more retailers are coming onto team asiaphos. From what i noticed, if you cannot hold them you might have issues and end up selling back to them at a loss. Have a good think about it.
The time is soon.
The time is soon.
DYODD and DYOR.
| Cathode Type | Chemistry | Example Metal Portions | Example Use |
|---|---|---|---|
| NCA | LiNiCoAlO2 | 80% Nickel, 15% Cobalt, 5% Aluminum | Tesla Model S |
| LCO | LiCoO2 | 100% Cobalt | Apple iPhone |
| LMO | LiMn2O4 | 100% Manganese | Nissan Leaf |
| NMC | LiNiMnCoO2 | Nickel 33.3%, Manganese 33.3%, Cobalt 33.3% | Tesla Powerwall |
| LFP | LiFePO4 | 100% Iron | Starter batteries |
nngeeh ( Date: 18-Sep-2017 19:45) Posted:
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If you look at their corporate deck, 85%~90% still goes to fertilizer. Currently, only 10%~15% is going to non fertilizer market which also include the Lithium Iron Phosphate battery. However, this area is a new growth sector ... so ... the potential is definitely there.
Ronjon ( Date: 18-Sep-2017 19:27) Posted:
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The Mosiac listed in NYSE is mining phosphate, their sales are to fertilizer companies, so I' m a little puzzled on why they have not sold to lithium battery companies.
nngeeh ( Date: 18-Sep-2017 19:23) Posted:
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China and other countries are pushing into electric car and moving away from fossil fuel.Anything that is related to battery such as lithium will be played up. Asiaphos mines phosphorus which is used in LiFePO4 (Lithium Iron Phosphate), a new reliable battery material used in electric vehicles will be in focus. BB might use any electric car news to push this coy up. Beside battery, it' s is also used in Fertilisers, Oral hygiene products, Beverages, Metal treatment/paint, Fire retardants, Pharmacy Products, LCD/Semi-Conductor.
If you refer to their announcement dated 16 Aug (Corporate announcement), there is a slide that shows the comparison with other mining companies. Asiaphos which is profitable now, but trading below NAV, but other mining companys (which many are still losing) are trading way above their NAV. Furthermore, Asiaphos price drops below NAV just less than a week after announcing profit. I believe this is due to accumulation ... purposely press the price down to accumulate.
I' m also bullish on this counter ... if they continue to show profitability in the next Q ... i believe it' ll fly further north. It should be trading way above its NAV ... like other mining counters too.
https://www.bloomberg.com/news/articles/2017-09-10/china-s-fossil-fuel-deadline-shifts-focus-to-electric-car-race-j7fktx9z
If you refer to their announcement dated 16 Aug (Corporate announcement), there is a slide that shows the comparison with other mining companies. Asiaphos which is profitable now, but trading below NAV, but other mining companys (which many are still losing) are trading way above their NAV. Furthermore, Asiaphos price drops below NAV just less than a week after announcing profit. I believe this is due to accumulation ... purposely press the price down to accumulate.
I' m also bullish on this counter ... if they continue to show profitability in the next Q ... i believe it' ll fly further north. It should be trading way above its NAV ... like other mining counters too.
https://www.bloomberg.com/news/articles/2017-09-10/china-s-fossil-fuel-deadline-shifts-focus-to-electric-car-race-j7fktx9z
Support come in already. Get ready to embrace to push.
Yup indeed, this could be my big story of the year. I hope others heeded when I called 0.090 buy
calvinlooi ( Date: 15-Sep-2017 10:55) Posted:
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Classic business turnaround.
Interesting report from NRA Capital & seeing a promising future. I'm vested since this morning. The support very strong. May see 11 to 12 cent next week.
Please DYODD
Please DYODD