Scandium, Cobalt, and Water Purification: Clean Teq Holdings,Volume 2, 20182017 was a year of tremendous accomplishment for Clean Teq Holdings in every respect.
We saw remarkable achievements in mine construction, in finance, and in market development, with landmark contracts in every business segment;
We saw a complex business appear as if by magic, including business offices on four continents, and the launch of business website in the water division;
We were informed of superb existing and newly-formed strategic partnerships,
with the likes of Airbus, Peng-Xin Mining, Chinese state and power entities, Chinalco, and Multotec;
We were witness to a major off-take agreement with a leading battery manufacture;
We learned of an astute acquisition of a controlling interest in a VRB business by Mr. Friedland;
We learned of deep and valuable research and development support at prestigious universities and manufacturers;
and we became sure of unseen low-cost manufacturing contacts and alliances.
And oh-by-the-way, we got a listing on the TSX.
The company inspires confidence and optimism. Robert Friedland has a deep long-term strategy, and he knows what he is doing.
I am not sure what is more impressive: His strategic vision, or his managerial talent in executing it.
Clean Teq is a company that is worth following. It is by far my largest position.
There are a lot of companies with good concepts. But Clean Teq has a deep and brilliant strategic concept which is at the heart of major world trends; a revolutionary technology; and a management that executes flawlessly.
**
GOING FORWARD: SUITABLE TOPICS FOR THIS THREAD
1. CLEAN TEQ HOLDINGS, CLEAN TEQ WATER, and their interests, or related companies.
2. Miners and producers of COBALT, VANADIUM, SCANDIUM; also nickel, zinc, graphite, lithium, rare earths, silica, and manganese.
3. WATER PURIFICATION, especially when tied into mineral extraction therefrom.
4. “TECHNO MINERS” and other innovators in mining and material extraction
See notes below on thread and topic overlaps, which are unavoidable.
**
One year ago this week, I wrote an article on Clean Teq Holdings. It was a speculative company, but
one with a visionary and proven leader, dramatic potential in specific, attractive commodities,
innovative methods and IP for mineral extraction, and big ambitions in water purification.
Clean Teq Holdings defied easy categorization, and continues to do so.
One year later, Clean Teq has not disappointed. Clean Teq has exceeded all reasonable expectations.
**
If you need background on Clean Teq, I refer you to the predecessor of this thread: “Scandium, Cobalt,
and Water Purification: Clean Teq Holdings”, where you will also find the guidelines and rules for this
thread; and to the Clean Teq and Clean Teq Water websites, which warrant close examination.
OUR BIAS AND BASIC VIEW
This thread is for those who believe in the coming EV wave, light weighting of transport, and most importantly,
in the importance of energy storage and batteries of all scales;
and also, it is for those who believe that the disruptions caused thereby will be rapid.
Because of this opinion, it follows that the existing viable battery technologies and the materials needed
for them are important. We anticipate rapid change; we subscribe to the Tony Seba “Disruption Scenario”,
that suggests disruptiv changes are occuring faster.
If you disagree with the Disruption Scenario, or the eventual proliferation of EVs,
that is fine; but please do not debate it on this thread. The thread is for those who believe in the future of battery power,
and in the immediate opporunities in commodities related to batteries and energy storage.
We will be able to see in shortly whether we are right or wrong in this belief.
If it takes longer than we think, we will complain about ”being early.”
My perspective is for the next five years. That is “long term”. This is not a trading thread.
Occasionally short-term opportunities are appropriate to call out,
but short-term trading is not the emphasis here.
On the other hand should restrain ourselves from too much attention
to developments and materials for technologies that are likely to take longer than five years to have an impact.
We are looking for investable ideas, not 10 year forecasts on the Future of Civilization.
So let’s keep it down on hydrogen fuel cells and molten salt batteries for a couple of months.
**
NOTES ON THREAD AND TOPIC OVERLAPS
Our assumption is that Li-NCM, VRB’s, and zinc batteries are going to be the main battery formats purchased,
installed or contracted for in the near-term, hence the commodities needed for them are of interest.
New battery technologies are better discussed on the #batteries thread ,
unless they involve a vertical commodity/battery producer.
We are interested in what is going to have an impact in five years.
For example, if you are convinced that Google is about to conquer the world with a molten salt battery,
then come on over here and recommend Morton Salt as a buy-out candidate.
But debate whether molten salt batteries have a future, and when, on the #batteries thread.
News that shows increasing penetration on solar are relevant,
as they confirm the importance of large-scale energy storage.
But we would like to know who is getting the contracts and what type of battery they are using.
There is going to be some unavoidable overlap. Nickel and manganese sources are swing metals,
sometimes they may be better discussed on the Hard Asset thread as base metals.
If you make a post on the wrong thread, don’t worry too much, there are
no fines or jail time. I do it myself all the time and I understand it can be confusing.
You can also use Travis’ new cross-reference gizmo.
Long $CTEQF $CLQ Clean Teq Holdings
This is a discussion topic or guest posting submitted by a Stock Gumshoe reader. The content has not been edited or reviewed by Stock Gumshoe, and any opinions expressed are those of the author alone.
Griffin, SS et al:…you guys are welcome, I get a lot out of posting here.
It makes me think.
Griffin, I also saw a pricey research offer, no way; I think we are OK without it.
***
No conclusions, just thinking out loud on the vanadium/scandium conversation:
VANADIUM for me the efficient method seems to be to leave vanadium research for later and see what develops…I can just plunk down a little on Largo Resources for now, and see what RF-CLQ and Pu Neng-Sparton come up with short-term.
Even though CLQ has not made any announcements at all, I think they will do something this year; and I think they will get to market faster with a new project than other existing develoment projects.
Kind of amazing, and a really far-out speculation, but that is what I think: CLQ will go from being a non-contestant, not even in the race, to a leader in the vanadium sector, in one announcement.
SCANDIUM A fat position in CLQ (plus Sparton Resources) and a quick position in Largo Resources satisfies my itch for vanadium for now, and lets me focus on scandium.
I think the best strategy here ( after Clean Teq of course), is to zero in on projects in Australia that are already underway, with some favoritism given to those with additional metals, namely cobalt and nickel.
Please correct me or make additions if you know of them: My impression is that the following projects do not have significant scandium in them: TMT, AVL, COB,
Ardea (Renby please correct me if mistaken), Cobalt 27, EUC.
So even though these may be good projects, they are not what I am looking for in terms of an additional scandium speculation.
Ironically we are re-visiting familiar ground: some of ni-co projects that we have compared to CLQ in nickel and cobalt.
PGM/PTNUF Platina Resources…Owendale project: the plusses here are that it is dirt cheap. The price of the dirt is all you have to pay it is under 9 cents and less than $25 mil cap, and has cobalt and nickel is included. The negative is that the management seems in disarray and they have dropped out of the ni-co race altogether and say they wants a small low-cap scandium operation.
AUZ Australian Mines… Sconi & Flemington projects…I do not have a great deal of respect for the management but they are likely to get Sconi off the ground because of their deal with the Koreans. They sold all the nickel and cobalt from Sconi but the scandium is still free and clear. Sconi is up north in Queensland.
They still have Flemington, which is contiguous to Sunrise could be valuable.
The Flemington deposit is encumbered with a royalty. AUZ has a horrible share structure, mostly public holders. There will be 3 billion shares issued if SKI exercises their option. Cap value about $225.
Right now it is very cheap, the Koreans have an option for 20% of the company at 12 cents and the price of the stock is substantially under that. I suspect that management gave away too much, and there will be giant dilution ahead.
SCY/SCYYF Scandium International…Nyngan project…looks OK but appears to be a scandium-only project. No lift from anything else, and no mine in sight. About hundred fifty kilometers from Sunrise. John Kaiser pitches SCY relentlessly.
SCY is a scandium-only project; this is a plus or a minus, depending on your point of view. PGM pitches itself as a scandium project, but also has nickel and cobalt.
AUZ has all three metals and the largest resource size.
None of these make me tingle with excitement. They are all second-rate compared to CLQ. But I am looking for second-best.
**
That’s a lot of copy to end up undecided. No conclusion at the moment, I have no conviction on any of the three, other than I feel that PGM is about as cheap as one could hope for. I feel no compelling urgency right now and will wait around.
Best for me would be for RF to solve my problem and make an announcement
on a scandium take-off with Chinalco or Airbus.
Hendrix, Ardea is pretty much in the same boat with Clean Teq, they are down-playing their scandium, and referring to it as an “optionality”. However I believe they have a good scandium deposit, and I believe there is some high grade that lies above the nickel/cobalt, and therefore, they need to dig thru it in any case. But like CLQ, and even more so, scandium talk at this stage is unproductive, they will need money for a mine already in multiples of their market cap, and have to go modular, one step at a time, until someone steps up with the big money to develop them the right way. No way all that high grade nickel and cobalt is staying in the ground for very long, and it makes sense for someone with the money to just come in and start digging, they got like 200 billion IGV, biggest cobalt deposit in an ideal jurisdiction, there is xero chance this just sits there. They are due for a scandium update in the next 4 months.
Great.
Thanks, renby, I did not see scandium mentioned but I didn’t dig real deep, either.
I know that there is not going to be any credit at all for scandium in the ground, until somebody lands a big takeoff, and even then it is doubtful.
But the nickel-cobalt guys who have scandium in their ore are at least going to get their projects developed. The scandium-only folks are likely to be way behind, as you remarked in a post a few weeks ago (“good luck with that”)
Thus my thinking is that the ni-co prospects who have scandium are extremely promising, and they look pretty cheap right now.
Even though we might wish Ardea was going faster, we are at least pretty sure the mine will get built in a reasonable time; and we have the potential of the nickel-cobalt income before the scandium windfall is recognized and realized.
Long $ARRRF/$ARL
Now is the perfect time to buy Ardea, I have a pile of money coming in about 6 weeks, and I figure I’m going to lose a lot of money having to wait that long. Already I could have had them at under 70 cents just a week ago. Those loyalty options have been supressing the stock price for months, and are finally expired in a few days. The level of undervalue here provides a huge opportunity IMO.
Renby
At times it pays to break rules. If you are assured money will be there in future it may pay to borrow to buy scandium.. The world supply seems limited and the new generation of fighter planes will have a large demand for the lightness and strength it affords to withstand the stresses induced by hypersonic speeds. Already planes are built that would kill the pilot using full capability so piloting will become remote using computers onboard to exploit new engineering realities. This IMO only. It is of course always ,,,,your dollar your decision.
I have little doubt scandium demand will ultimately be plentiful and the combination of good grade cobalt, nickel and scandium is about as hot a deposit for the future as you could envision. I’m so loaded up already, so there is desire for more at this price, but not desperation. If Ardea stays below 90 cents when I get some $$ in about 5 weeks, I’m buying more, under 80 cents, a lot more. But if it decides to zoom up before then, well, thats not so bad either, I’ve already got a nice sized piece.
Renby Right
The reference is way deep in the report; and ARL being very conservative does not stir up expectations. But they’ve got scandium in their deposit.
” The Goongarrie study considered scandium recovery on the throughput options, with a design of a scandium refinery completed to PFS level…. Testwork has been completed on the scandium refinery flowsheet.
The additional capital expenditure required… is estimated to be
approx A$17 million for the 1.0 Mtpa base case, and up to A$20 million for the 1.5 Mtpa option….. effects on the NPV cannot be reasonably estimated until a
scandium JORC resource is defined.
This is expected to be completed in the coming months with the effects of the scandium options upon the NPV expected to be significantly positive.”
Typical of ARL approach. Conservative, feet-on-the-ground, no hype added.
Good enough to add. The stock price is depressed now because people are disappointed at the lead time for the mill.
ARRRF I think the price depression had a lot to do with their loyalty share options, and those expire in 2 trading days finally, and thank goodness. I believe those options represented over 20% of outstanding shares, and the opportunity for longer standing investors to purchase at a price significantly below market. So its natural that many would sell shares on the open market, to free up money to buy back at the options price. Now that this selling pressure will be released, I wouldn’t be surprised to see Ardea SP start to ascend. Ardea can move very quickly and dramatically, we had a plus 25% day not too long ago, this is a tightly held registry.
https://www.livewiremarkets.com/wires/clean-teq-water-is-the-new-tequila-ley
$AUZ Large-scale cobalt-in-soil anomalies at Thackaringa
https://twitter.com/Twenty47three65/status/1001250650825543685
AUZ’s tenements at Thackaringa look really small even if they find high grade.
Look at the claim maps.
The AUZ upside is in Flemington and the unsold scandium at Sconi.
The downside is that no one knows what they gave away on the offtake with SKI,
there is an enormous cap raise to come, and management sucks.
AUZ No position
AUZ….Yuk. My belief is/was that they came close to folding so had to take any deal on the table. In fact they didnt get a deal so much as a promise with strings.
Sold on the SKI announcement.
AUZ no position…I find AUZ distasteful also, shameless spinning and sloppy management. I just laugh at their puffing themselves up as “the leading ni-co project.
But the resource is good., they have scandium also, and being second in the race is better than being an also-ran. Some people like them, and the cap is cheap.
Who knows how much SKI will pony up, at what terms.
I am probably better off staying away despite the stealth scandium.
AUZ and their retail cheerleaders send my blood pressure up.
AUZ. OPEX Ni C1 should follow ARL in the high $5 mark. ARL have the grade edge as well. No wonder they have no substantial shareholders or analyst backing.
And $ARL/$ARRRF has a market cap of ~$79.25 USD, much less than AUZ or $CTEQF. Ardea is ~1/8 MC of CleanTeq.
…current company excepted. We love squirrel even if he likes different stocks than we do sometimes.
Nice write up with good pics
https://seekingalpha.com/article/4177723-ev-boom-just-keeps-getting-bigger?ifp=0
Frrom free GIL Newsletter:
Over 80% vanadium recoveries in the first go around for Cornerstone Metals (CCC/CCCCF) is HUGE news! *news is posted below* Risk continues to plummet as CCC drills and tests their Carlin vanadium project in Nevada. First, historic drill holes were not only confirmed but were higher grades than reported in the 1960’s. Now with excellent recoveries unfolding this looks to confirm our suspicions of being a fantastic and very valuable vanadium deposit that will be a mine in the future.
I expect CCC to continue its consistent ascent higher as it has from .25 to .60 so far in 2018. We’ll see $1-$1.25 by year end on this same pathway but any number of things could see a blast much higher because the value is here NOW. Under .65 CDN continue to absorb what you can and build a position on any weakness. This one is going to pay off in a big way for GIL members.
ORIGINAL: Preliminary Metallurgical Tests Result in over 80% Vanadium Extraction from Cornerstone Metals Inc.’s Carlin Vanadium Project
2018-05-29 08:00 CT – News Release
Vancouver, British Columbia–(Newsfile Corp. – May 29, 2018) – Cornerstone Metals Inc. (TSXV: CCC) (OTCQB: CCCCF) (FSE: 1PY) (“Cornerstone” or the “Company”) is pleased to announce preliminary results of metallurgical test work being conducted on its Carlin Vanadium Project in Nevada. The initial pressure leaching tests have achieved vanadium extraction levels of between 80.2% and 83.6%.
“The Company is thrilled with these preliminary results, which signal a major technical breakthrough for this project”, said Cornerstone President and Chief Executive Officer Paul Cowley, “guided by expertise of Cornerstone’s metallurgists and Sherritt Technologies, an industry recognized engineering and research group with their in-house lab. Regardless of these positive results, we are continuing test work to improve upon the overall vanadium extraction from the current 80.2% to 83.6% to higher values.”
Test work is being conducted on a sample composite generated from an 18.9 metre drill core intercept from the Company’s recent diamond drilling verification program. Metallurgical test work will continue with the aim of developing a conceptual flowsheet.
Metallurgical test work is being conducted by Sherritt Technologies in Fort Saskatchewan, Alberta, the leader in the development and commercialization of pressure hydrometallurgical processes. Sherritt is a one-stop shop that has a proven track record of developing projects from concept-to-operation with a skilled and experienced team, including process and equipment specialists.
The Carlin Vanadium deposit is considered one of the largest, highest grade primary vanadium deposits in North America (USGS Professional Paper 1802 Critical Mineral Resources of the United States-Economic and Environmental Geology and Prospects for Future Supply dated December 18, 2017).
Vanadium’s Growing Importance for Steel Manufacturing and the Energy Sector
Vanadium is growing in importance for key industrial manufacturing sectors most notably steel and renewable energy. Today, more than 85 percent of the world’s vanadium is used in steel manufacturing applications. Its importance to the energy sector is also growing rapidly with more than 10 percent of vanadium production used in energy storage where its substantial cost and performance benefits make it an alternative choice to lithium ion in several areas. Vanadium pentoxide flake prices have risen over the last 2.5 years from under US$3/lb to US$13.90/lb today.
About Cornerstone Metals Inc.
Cornerstone Metals has an option to earn a 100% interest in the Carlin Vanadium Project, located in Elko County 22km by road (14 miles) from the town of Carlin, Nevada. The project is comprised of 72 contiguous unpatented mineral claims totaling 461 hectares (1,140 acres). The Carlin Vanadium Project hosts the Carlin Vanadium Deposit which is flat to shallow dipping and at shallow depths, commonly between 0-60m (0-200 ft) below surface.
$PCY and Vanadium
Vanadium-news released today from a exciting Vanadium-company
https://finance.yahoo.com/news/prophecy-announces-positive-preliminary-economic-113000488.html?.tsrc=rss
When I buy CleanTeq ($CTEQF) over the counter from Fidelity, I first had a $40 surcharge added to my $4.95 fee; my last was $50. Is there any surcharge buying the stock directly from the Aussie exchange? Besides adding to my CleanTeq holding, I thought buying on the Aussie exchange will give me more exposure to the Australian dollar, while saving a few dollars.
DEANBOB;(just an fyi) I didn’t think E-Trade had charged me any surcharge on the purchases of $CTEQF made over the last year or two, however I just checked back on the last 2 made about 4 and 7 months ago and was charged only the $4.95 usual fee. Regards, Stan
$CTEQF long
Schwab charges $50 per transaction :>(
I have a SEP-IRA and a joint regular taxable account at Schwab.
Ally charges about $30 I think. I ended up opening a Interactive Broker account, but their interface is a nightmare compared to the big names in US trading sites.
I had Schwab in a 401 K. They told me it would cost Extra 50 bucks to buy CTEQF . Never got charged that. They said it must be the type of account you have as to the reason I never got that extra charge. Nothing on the up and up in this world IMHO.
$CTEQF long
deanbob, my husband regularly buys on the Australian exchange and he asked me to pass this on to you:
“The fee of $50 is from deanbob’s US stock broker for buying on a foreign exchange. I get the same fee from Schwab for buying on the Canadian or Australian exchange through them. There is only the regular fee for buying directly on the Australian exchange from an Australian broker and no foreign exchange fee which will save him that extra fee. Deanbob will need to wire funds to the Australian broker he plans to use prior to trading or already have $A available with that brokerage account. He can use Etrade in Australia after opening an account and buy through them.”
Penny
Penny, I have bought multiple different stocks thru Fidelity International on both the Canadian and Australian exchanges, paying $19 and $32 commission in the respective countries’ dollars, plus the cost of the stock, a 1% currency exchange fee, and some very small additional fees. Most US Over-the-Counter(OTC) and other US exchanges purchases have resulted in a only $4.95 commission fee plus a small additional cost. So far, I have bought all of my CleanTeq stock as $CTEQF OTC and there has been the additional $40, and more recently a $50 fee on each $CTEQF stock purchase.
I am looking for someone who’s share their costs when purchasing $CLQ from the US on the Australian stock exchange, using a US broker. Besides the trading commission, possible currency exchange fee, is there any significant add on cost for purchasing $CLQ?
When I’ve traded CLQ on the Australian exchange through my Interactive Brokers account, commission has been A$6/trade which is, I’m pretty sure, their standard commission for Aussie stocks. No other fees for those trades.
Gr8teful has reco’d Interactive Brokers for low transaction costs on multiple foreign exchanges.
Im with IB and I like them a lot, But you need to research their charges direct with them. US mainstream stocks cost just a fixed couple of $, but for small caps and international trades they charge a fixed % of the transaction so its still relatively expensive. Also they buy in local currency and hold this on your account as unsettled (making a charge) till you do a manual forex conversion back into US$
Using IB, I convert USD to whatever currency I want for 1 USD charge and then buy whatever equity I desire in that market for 6.00 USD charge, regardless of number or amount of shares.
Thank you, one and all. I really appreciate the feedback & info.
Thanks Ben. I will call them and find out wtf they are charging me differently. Also do you have a way to buy US punks avoiding the % charge?
You gotta love auto spell checker. Punks = pinks 🙂
#Fees > Sarah, I use TD Ameritrade or Schwab for pinks. Standard fee. No % charge. Of course, your situation is different, being in the UK. #Best2YOU! 🙂
v few US brokers will allow uk citizens an account. IB was the exception as they have a nameplate office in London.
I checked with IB. If you dont hold enough local currency (say Oz$) they will ‘lend’ it to you against your US$ balance. But they charge you interest till you finally FX the difference. But the trade rate or % is identical. The rate seems to be an amount if its on a main index and a % if its off the main index ie pinkish.
Thanks 4 all you do
Snara
for clean h20 and oil sep. see mgx minerals website. new tech.
CTEQF Not complaining, and not negative. My plan from the beginning has been to hold til 2022 at least, and I figure to do extremely well. Been in it for 16 months, and up 35% is certainly a decent return. But in that 16 months, cobalt has tripled, and nickel is up 70%. The payoff should be wayyyyyyy greater than 35%. Are you kidding me, I should be swimming in multiples. I don’t mind being patient, but only if I get a reward worthy of the insight and timing, cause for the moment, I’m feeling a little gipped.
Check out specs $ADN.asx and $AOA.asx Best2You! 🙂
$CTEQF lp
But they do not have those metals in their hands yet. They are not mining yet.
It will take years and “investors” have that time to use their capitol elsewhere…(not me!)
I am in now and not expecting any share rise except after the next DFS this month…June actually…..which will lower a few days after it’s release, but I feel that it will create it’s’ new baseline.
Totally understandable and I have also felt that something is wrong, with the horrible publicty and news in DRC, all the Aussie cobalt stocks have been pretty tame compared to what I would have thought.
My target is however long it takes to be in full production at Sunrise.
Helps to have a longer time objective. Why the stock is trading where it is, I have no idea; but I do not think there is a problem with the company.
$CLQ – CTEQF lp
Maybe part of it is Psychological. I wonder how many shareholders are Aussies. Now…hear me out, just wondering if they hold a majority of privately held shares as they do mention CLQ v AUZ a lot.
It seems like the ASX is LOADED with very cheaply priced stocks, especially compared to the US exchanges, and $1 a share might seem like a realistic price for a non producer at this point.
However they also wonder why prices are so low in their stocks.
I think that the big boys have a vast supply, and can easily obtain more when they wish to buy, but the other possible concern is this…..despite our observations at the moment regarding current available solutions to EV’s and battery storage, it is still relatively new and some may fear that a “NEW” “Improved” solution may be right around the corner, and they are holding back until the last minute.
But certainly this is anybody’s guess. Mr. Market has really been turned on his head over the years, and investing has turned to gambling and one month is a long time for some to wait.
Maybe we should be investing in Real Estate on a street named Sunrise in Australia. 😉
I have waded in a little bit over there. The interest is on short-term trading, and the analysis tends to be on technical chart action and brokerage activity. Lots of attention to very short-term price action and why and who is trading the stocks and with what motives.
Lots of scrutiny of PFS and BFS numbers.
There is also a lot of time spent discussing the metallurgical and process engineering aspects of these projects, because there are a lot of guys with real mining experience over there. We do not get a lot from that perspective in the U.S. . I find this interesting and informative, but I think it only is really an important consideration at the extremes in terms of evaluating a stock….really great or really bad process and metallurgy can be important, but the projects in the middle are all pretty much the same, the differences are there but they are not critical.
The general bias is to be very focussed on published numbers,
practical mining operations, and short-term price action, ith an eye to possible transactions.
Nothing harmful in any this, and there are some excellent analysts and longer term investors; I am generalizing.
But to your point, yes, the ASX has a lot of really tiny mining and exploration plays. This underscores the importance of the TSX-V, also heavy in micro-caps but it should give some ballast to the winds in Oz; and the Fidelity placement in the US.
A comforting video from Katusa Research on Cobalt Investing News.. Bears out just about everything we have been saying about the various battery metals.
https://investingnews.com/daily/resource-investing/critical-metals-investing/cobalt-investing/dont-make-these-mistakes-investing-battery-metals/?mqsc=E3960313
Hi Shavian…….remember this chart whenever you follow a ‘newsletter seller’….this is from Mark at IKN. I do not subscribe but receive his ‘free meanderings’ much later than his actual subscribers…..interesting none the less. I see the chart didn’t show up. See if I can pull it up again and add it. Nope……perhaps you can google it. Certainly worth the effort to see what happened to LUC before and after….or forward your email to lynn and I will forward the email link to you. Cheers
The Lucara Diamond Corp (LUC.to) chart is quite a thing
Posted: 30 May 2018 07:49 AM PDT
Your humble scribe readily confesses to being just a little bit obsessed with the share price action of Lucara Diamond Corp (LUC.to) ever since that “disrupt diamonds” silliness back in late February when LUC.to announced the purchase of some diamond market tech blockchain company that was about to wrest control of the whole darned world from De Beers and Alrosa. What made it extra special was how LUC decided to hire Vancouver’s very own chief among BSsers, Marin Katusa (yes, he of the Northern Die Nasty debacle), to pump the whole idea to a band of willing idiots with more money than commonsense (aka “his readers”). Here’s a section of the IKN post that day:
“Marin Katusa manages to get a seven thousand word report out on the LUC plan, with nuance and the whole “disrupt mining” strategy, within about three minutes of the NR coming out yesterday. Katusa of all people! The single worst and most blatant pump and dumper in the sector (and my stars there’s competition) gets the quiet inside backstory from the Thomas/Lundin/McLeod Seltzer triumvirate and manages to put it all into a long ‘splainer words of two syllables max for his willing crop of retail, proofed to within an inch of its life and all shiny-clean ready to roll. I mean, gimme a break here, the quiet tip-off to the chattering classes is one thing, blatant inside information from a supposedly whiter-than-white board of directors to the worst offending BS artist in Vancouver is quite another.”
Anyway, cut to here in late May, one quarter later and how are things looking for LUC
That’s fascinating price action for the last two months, is it not? It would seem that somebody, somewhere is extremely keen on keeping this price floating above the C$2.00 line.
However, this would definitely not be a case of a band of high-powered directors in LUC with undue influence on brokerages exerting pressure or calling in favours. No, no, perish the thought. Not even a suspicion of backroom dealings here.
Funny copy from IKN .Refreshing to read a guy who calls it like he sees it with no punches pulled. More entertaining that UBS analysts.
$FYI – Vanadium Miners News For The Month Of May 2018
by Matt Bohlsen @sa
Summary
China Vanadium spot prices were slightly lower in May.
Vanadium market news – Vanadium: A perfect metal market.
Vanadium company news – Triton to fast track vanadium study at Nicanda Hill vanadium resources 1.44billion tonnes. Aura Energy Reports 90 Million Tonne Vanadium Zone at Haggan.
https://seekingalpha.com/article/4178379-vanadium-miners-news-month-may-2018?isDirectRoadblock=true
$STNUF $VDMRF long
xpost
https://www.livewiremarkets.com/wires/china-new-pollution-controls
$LGORF sp
I took my first bite of Largo yesterday at 1.39 I’ll add to it as time and monies become, (hahahaha…), available.
$FLC:AU
Fluence gets contract in China
https://hotcopper.com.au/threads/ann-flc-awarded-aspiral-wastewater-project-in-yiyang-city-china.4221454/?source=email#.WxB5Tu4vyM8
$CLQ shipping pilot plant for scandium to Japan
The news release is held up for some reason but indicates that CLQ is shipping a scandium extraction pilot plant to ISK in Japan.
ISK is already a client for titanium. There areas of expertise indicate to me that they are going to be interested in the scandium for solid state scandium batteries.
Bloom Energy is world’s largest user of scandium, the quantities are single-digit tons per year. So the shipping of a pilot PLANT indicates to me that ISK intends to produce quantities for itself that are sufficient for a specialized application,…like solid-state batteries.
It is not a precursor to a larger plant. It is the sale of an installation that will produce what ISK has need for.
$CLQ $PGM Hey Nuzz, another reason I have not exited PGM (besides the fact it it so far depressed, its not really worth much right now) is this post. As I’m sure you have read, there has been a lot of SH dissatisfaction with current PGM management and its lack of aquiring a timely or stellar director. This post makes the connection between Chris Hartley and Bloom Energy as it relates to Scandium offtakes, etc. Perhaps PGM already has deals in the works with Bloom, and does not need to do anything other than move forward as planned.
https://hotcopper.com.au/threads/ann-quarterly-activities-report.4163797/page-21?post_id=32834416#.WxGI1u4vyvF
Not sure if this is the right place to post this, but I did so because you referenced Bloom above.
Interesting gumdaddy.
I hold PGM, not a great amount to have any concern, paid 9.4 cents. Originally in as was discussed here as possible take over of by one of the nearology plays – AUZ/CLQ?
This company seems to have lost its direction of late.
Be interested to see what others make of the above post, does seem cheap now for its resource?
Best,
SS.
$PGM / $PTNUF – SS, I originally bought with similar thoughts (with my cost a little higher than yours). A short while back, I reviewed my original goal(s) for my purchase and the where the company is (including extensive reading on HotCopper). While management is an issue for many/most of us, I concluded to hold my position, given the market cap, increasing rate of EV adoption, and the amount of projected cobalt and nickel that seem to be required. All other metals on the property are in the same category as CleanTeq and Ardea (there but not counted).
Hi Gumdaddy, I think a position is good with PGM at these prices, there is reason to hang around and wait it out (or to enter), though it is distasteful to sit with a loss. I have a few positions like that, wish I was out earlier but selling them at current prices makes no sense because they should be bought at these prices, not sold.
There is an announcement TODAY about CLQ selling a scandium process plant to their Japanese titanium client. I think the release is being held on account of trading in Toronto, it is price sensitive so they want to wait until Canada closes. It’s about scandium so it might affect PGM.
Thats kind of where I am at with it. I am tempted to add more $PGM if it ticks down more so as to reduce my overall basis per share. Seems we are all early in the race. My CLQ is down quite a bit as well. However, everything I read suggests an impending tidal wave for all of these battery metals. You guys are definitely helping me stay focused and disciplined. Much appreciated. According to an RF interview I read not long ago, Copper will be a major winner in the new electric climate. Do you have any favorite non DRC copper miners you hold or recommend? Same with Lithium.
These guys think copper will be a winner ….
https://investingnews.com/daily/resource-investing/base-metals-investing/copper-investing/copper-prices-during-this-cycle/
Brought this copper pick up a while ago. It has done well. And lots of legs to go.
http://www.excelsiormining.com/images/Presentations/2018/May_16_2018.pdf
Hey Rubberworm. I came across this https://www.kutcho.ca/ while digging around for copper juniors. I thought it was interesting. I was watching the cambridge house mining conference videos on youtube https://www.youtube.com/watch?v=Z4K6uWnQFYA and he mentions that a lot of the most recent projects were substandard grade (sub of say 1% copper) with a lot of them at 0.3% which makes a difficult profit, as a 1% content as the 1% is 3x more profitable, or the 0.3% costs 3x as much to produce as the 1%. The Kutcho ores are claiming 1.5% to 2% grade ore, which would blow a lot of the existing and prospective mines out of the water. I was wondering if you or anyone else has done DD on Kutcho in the past. I currently hold no position. As a side note, Gianni Kovacevic mentions that the largest quantity of metals in the EV batteries is copper, the amount of copper use in an EV is extremely high, as is the amount of copper in the next generation of housing.
https://www.linkedin.com/pulse/excelsior-tsxmin-otcqxexmgf-enterprise-valuation-todd-wangsness/
Check out Ivanhoe Mines website for the Kamoa-Kakula project. Well covered on the “Gold and Silver and Hard Assets Summer 2017” thread.
gumdaddy…I am also long SCCO, it is a big cap.
Take a look at AIM-listed Georgian Mining (AIM:GEO). Big shallow Cu/Au deposit in the Tethyan belt in Georgia. JV’d with Russian partners, hence low share price on political risks. Worth a small punt IMHO. I hold a few.
Forgot to add the link, sorry.
http://www.georgianmining.com/home/
Hi Shavian, thanks.
For those interested i long shot speculations with big upsides I suggest a few tickers worth looking at.
Mcewen Mining…my stealth copper play, I was losing faith but have enough conviction about the chances now to stay in, Because the Los Azules project is alive, and there is no discovery issue. The copper deposit is known and large. Mcewen is a good way to go if you like gold as well as copper, because the value of the company is first as a gold miner, and they have real gold assets in addition to the development project in copper, which by itself has a substantial NPV in relation to Mcewen’s market cap. Long Mux.
Sama Resources…a speculation of the “solid” variety
because the resource is pretty certain and is diversified (nickel, copper, etc). The big upside is their
40%+ interest in SRG, which has a ginormous high- quality flake graphite deposit very nearby. RF is at the controls of both companies and a mining district is taking shape, as the SRG assets and the Sama assets are near each other (though not contiguous), separated by the Cote d’Ivoire-Guinea border in West Africa. Long Sama.
***
Discovery gambles:
Kincora…big Mongolian land package, on strike at a distance from Oyu Tolghoi, RF put in money a while back. No position.
Cordoba…first pass was a bust but RF is sticking with it. SP dropped on account of it, but the project is continuing to get attention and money from RF, so it is alive. No position.
These are pure exploration specs in need of a discovery. My tendency recently has been to go with developers where I am fairly certain of the deposit.
FALSE ALARM…the news release on the scandium plant was over three years old; the surmises and observations are still valid, but the question becomes what ISK has done with scandium in the meantime.
MGX MINERALS BUY FAST B4 ITS NOT CHEAP. CLEAN H20 FROM OIL WELLS AND LITHIUM
Hi Alex Frank,
Welcome. A few of us are long and interested in MGX, but most discussion has occurred on the #batteries thread started by Gr8teful. We appreciate ideas and recos made with good intentions.
I consider MGX to be mainly a technology play. I like MGX because it gives me a little exposure to lithium, which is not an exciting target for me. No thought of selling in the short term, I am a long term player.
I also like their connections with Teck.
I am happy to get the stock in the spin-off of the Zincnyx, but am not so sure the spin-off is a great move strategically, as far as timing; it seems a little early to me considering when MGX acquired it.
You can dispense with the caps, we have a small group here.
Hope you get something good out of it.
Best
Long MGXMF
Teck favorably inclined, no position
HN here is a very interesting interview by a Slovakian national magazine Novy Cas by the MAYOR of Dobsina Jan Slovak, on the 15th May, 2018.
I’ve to kindly acknowledge oDobsina 69 on Hot Copper, re post no 33411625.
I’ve changed the wording slightly
Better Times For Dobsina, discovery of a real treasure below the ground.
– the Dobsina hills contain a large treasure below the ground, which is slowly being discovered by the geologists
– once the large discovery of Cobalt is confirmed, the local economy will benefit enormously
– so far the outlook is very optimistic, with the mining of the Cobalt ( think he is referring to when the mine goes into production), still some time away, but believes that the clouds with silver lining are gathering.
– he believes when this occurs, it’ll create employment for at least 100 workers
– he also complimented EUC on their relationships with locals, especially on environmental issues
– so far the exploration is pointing to a great discovery, with high grades of Cobalt, and possibly being one of the best in the world
You must realise these are the personal views of the Mayor, and that local EUC workers declined to be interviewed due to confidential agreements with EUC.
As always do your own DD.
Thanks for the update williamstown, let’s hope it pans out.
Understand it’s open to interpretation….
Fingers crossed for all holding.
Thanks to you, in a half position at decent prices, no near-term expectations.
I like the idea of a rich cobalt deposit near Germany. I hope they find one.
$BPL.asx, $COB.asx ow | Partners > Cobalt blue holdings
Joe Kaderavek on Cobalt Blue’s sky-high ambitions
http://www.mining-journal.com/resourcestocks-company-profiles/resourcestocks/1338907/joe-kaderavek-on-cobalt-blues-sky-high-ambitions
Thx https://twitter.com/BH_Prospecting/status/1003179491877969922
Cobalt Blue $COB.asx
Ben, is it the same as $CBBHF, last stock price 87c?
$CBBHF Cobalt Blue $COB.asx ow Yes but the otc version does not have near the liquidity as $COB, DunnyDane. #Best2YOU! 🙂
Cobalt Blue $COB.asx NP
$CBBHF NP Yes, “thinly traded” would be
an apt description.
On some of these you need a 20% gain just to cover the broker markup on the stock and the exchange transaction.
IMO Some of the Aussie penny stocks are too thinly traded on the US OTC to make them viable, even though they can be purchased.
$COB.asx, HendrixNuzzles, I thought you have an InteractiveBrokers.com account? #Best2You
CTEQF My bones tell me we are due for some kind of announcement, maybe something today?
I think this week, just a hunch. This Friday would be ideal.
One month after the May 3 Project update.
They gave guidance then…BFS on track for June. It is June.
Nothing today. Asking for a Friday release is dangerous, they can be the wrong kind, as in lets get this out and hope everybody has taken off early for the weekend, or has the weekend to cool off before we have to deal with the response.
I think Friday is likely. There will be a lot of data to analyze. Better that people have a whole w/e to mull it before reacting, than risk a knee jerk reaction.
I’ll be happy with any day this week. The suspense is killing me.
I’ll go nuts if I have to wait til June 30.
Hope later in the week. I have new cash in just has to clear to trade on OTC. At this point I’m liking lower SP.
The Australian Mines Limited (ASX: AUZ) share price has surged 6% higher to 8.7 cents after the mineral exploration company advised that surface geochemical sampling over a target area of its Thackaringa Project in New South Wales has identified three zones of elevated levels of cobalt. Management stated that the cobalt content of these three anomalous zones is reportedly similar to those observed at the Cobalt Blue (ASX: COB) operated Pyrite Hill and Big Hill cobalt deposits.
https://www.fool.com.au/2018/05/29/why-these-4-asx-shares-are-storming-higher-today-5/
https://twitter.com/BH_Prospecting/status/1003509166886084608 #Best2U
AUZ…the price before the did the deal with SKI was 11 or 12 cents. Until they can get over the implied option price of 12.5 cents on the SKI option, I don’t have much reaction to price moves in the stock. They did a “blockbuster” deal, and the stock dropped like a stone.
CLQ is closer to the raise price ($1.15), and they actually got cash into the company.