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Yeah, blue chip. Demand for litium high and big potential... all gone down the drain along with my hard earned money. Lost 75% of my capital. Very sad.
Take care guys.
Cheers.
Take care guys.
Cheers.
sheerluck ( Date: 26-Jul-2019 09:35) Posted:
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https://www.kitco.com/news/2019-07-25/Australian-lithium-producers-flag-tough-market-through-end-of-2019.html
"China cut electric vehicle subsidies at the end of June following a three-month transition period, having raised the standards for new energy vehicles (NEV) that qualify for subsidies and reduced the amount provided to relevant companies. Demand has also been hit by uncertainty following the trade dispute between China and the United States, Orocobre and Pilbara said. Growth in China's NEV segment, usually a bright spot for the sector, slowed sharply in May when sales grew just 1.8% versus 18.1% in April."
"China cut electric vehicle subsidies at the end of June following a three-month transition period, having raised the standards for new energy vehicles (NEV) that qualify for subsidies and reduced the amount provided to relevant companies. Demand has also been hit by uncertainty following the trade dispute between China and the United States, Orocobre and Pilbara said. Growth in China's NEV segment, usually a bright spot for the sector, slowed sharply in May when sales grew just 1.8% versus 18.1% in April."
Just one year ago, this is like the next blue-chip. Now like potato-chip.
This company burn cash faster than you burn your calories. End June got A$20mil. In 24 days, already burnt A$14 mil? So need another A$30 mil to last till end Sept? Maybe need to open mouth ask shareholders to donate some chips also so that mgmt, as usual, earn fat pay while company goes downhill with their shareholders. Sure paint future bright and sunny so that shareholders will part their money for mgmt to pocket more.
They really need a mega deal to dump their stockpiled and reserved lithium to save their shareholders' skin.
This company burn cash faster than you burn your calories. End June got A$20mil. In 24 days, already burnt A$14 mil? So need another A$30 mil to last till end Sept? Maybe need to open mouth ask shareholders to donate some chips also so that mgmt, as usual, earn fat pay while company goes downhill with their shareholders. Sure paint future bright and sunny so that shareholders will part their money for mgmt to pocket more.
They really need a mega deal to dump their stockpiled and reserved lithium to save their shareholders' skin.
the selldown is very strong. the cat havent stand up alr kena whack again
risktaker ( Date: 26-Jul-2019 09:12) Posted:
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Technical rebound.... is for u to sell...
risktaker ( Date: 25-Jul-2019 16:46) Posted:
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Even one buys min 500k shares, there is little money...
If u buy 50k, u make just $500 if it changes 10% like yesterday mad day. U full of risk And stock get killed. No?
If u buy 50k, u make just $500 if it changes 10% like yesterday mad day. U full of risk And stock get killed. No?
jackjack ( Date: 25-Jul-2019 16:35) Posted:
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smackdown
My feeling is we will see below 10c tmr....mkt cap too high for company making a loss and in weak lithium sector....
FYI there are over 1.4B shares in this coy....
FYI there are over 1.4B shares in this coy....
jackjack ( Date: 25-Jul-2019 16:35) Posted:
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Short gao gao earn gao gao. Tp is 0.015 not 1.50
keep drop like no tomorrow
Sgvale ( Date: 25-Jul-2019 16:11) Posted:
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This one like 完 蛋 。
The mkt depth on AsX shows very little buyer.....Asx close 10c.... becareful
Dropping below 10c on asx .... on big vol...ppl dumping now...becareful... the prospect of this coy will be this qtr....
lailai ( Date: 25-Jul-2019 14:24) Posted:
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Think no rebound, also got to sell today, or risk lower tomorrow and next week.
risktaker ( Date: 25-Jul-2019 11:29) Posted:
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Any rebound is for u to sell now... very negative on this stock...
https://www.mining.com/australia-govts-lithium-price-outlook-is-bleak/
"The build-up of stocks worldwide in anticipation of the dozens of so-called gigafactories (named after the Tesla facility in Nevada) being built around the world must be particularly worrying for lithium price bulls.
The office of Australia?s chief economist predicts a 26+% increase in stockpiles worldwide, representing 2-and-a-half years of consumption."
"The build-up of stocks worldwide in anticipation of the dozens of so-called gigafactories (named after the Tesla facility in Nevada) being built around the world must be particularly worrying for lithium price bulls.
The office of Australia?s chief economist predicts a 26+% increase in stockpiles worldwide, representing 2-and-a-half years of consumption."
Should i short more? This comapny keep burning cash i see no value at all
Really with all these fund raising we will be out of funds within 2 months if there are no sales.... and the cost is still so high... and lithium market are weak... look at the demand from potential offtake its so small....
We going under 10 soon.... my personal view sorry to say that...
We going under 10 soon.... my personal view sorry to say that...
risktaker ( Date: 25-Jul-2019 09:56) Posted:
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Current Cash Position Following completion of the Conditional Placement the Company has cash and cash equivalents of A$16.6 million on 25 July 2019.
The Company?s cash flow position is directly impacted by the timing and frequency of scheduled shipments of product in order to generate sales revenue and manage its short-term capital requirements. No sales of spodumene concentrate have been completed in June and July 2019 and, as steady production has continued at the Bald Hill Mine, this has resulted in the build-up of spodumene concentrate finished goods inventory. At 23 July 2019 the Company had approximately 38,612wmt of spodumene concentrate stored at the Port of Esperance and a further 2,195wmt at the Mine.
As part of the strategic review outlined above and in light of the postponement of the fines circuit construction and the softer market for lithium concentrate, the Company is working with its lenders on a review of the Lithco Facility
-----------above r copy and paste from annc -----------
The above are the key main concern i see Taken from annc today....very bad annc
The Company?s cash flow position is directly impacted by the timing and frequency of scheduled shipments of product in order to generate sales revenue and manage its short-term capital requirements. No sales of spodumene concentrate have been completed in June and July 2019 and, as steady production has continued at the Bald Hill Mine, this has resulted in the build-up of spodumene concentrate finished goods inventory. At 23 July 2019 the Company had approximately 38,612wmt of spodumene concentrate stored at the Port of Esperance and a further 2,195wmt at the Mine.
As part of the strategic review outlined above and in light of the postponement of the fines circuit construction and the softer market for lithium concentrate, the Company is working with its lenders on a review of the Lithco Facility
-----------above r copy and paste from annc -----------
The above are the key main concern i see Taken from annc today....very bad annc
Looks like shorties lookout for more contra buyers eager for quick buck.
soundblaster ( Date: 23-Jul-2019 13:37) Posted:
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