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DYNA MAC : KEPPEL SSH & POSSIBLE 1500 percent ROCKET
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HKLim6
Member |
27-Feb-2018 17:36
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https://financefeeds.com/tse-imposes-jpy-80-million-fine-morgan-stanley-mufg-securities-spoofing/
Business as usual for MS
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kangaroo11
Veteran |
27-Feb-2018 17:20
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Is The Lithium Bubble Set To Pop?A while back I was called by a journalist at a prominent paper and asked what I thought about the lithium market. Was it another rare earth metals story &ndash limited supply and rapidly escalating demand? Or, worse, was the world simply going to run out of lithium in the face of surging battery demand and, either way, where did I see prices going? My position was the world is not short of lithium. It is abundant as an element &mdash it is, or was at the time, just short of scaled-up extraction projects. So, no, I did not see the world running out of lithium but that a healthy run-up in prices would encourage more investment and, hence increased supply... |
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kangaroo11
Veteran |
27-Feb-2018 17:12
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Lithium prices are going to drop 45 per cent by 2021, Morgan Stanley saysA string of new lithium projects and expansion plans in Chile threaten to add about 500,000 tonnes per year to global supplies by 2025, and electric vehicle penetration will be " insufficient" to offset this, the bank said in a research note today. " We expect these supply additions to swamp forecast demand growth. As a result, we forecast 2018 to be the last year of global lithium market deficit, followed by significant surpluses emerging from 2019 onwards," Morgan Stanley said. The lender said electric vehicles would have to make up around 13.7 per cent of the market by 2025 to " clear the market" and offset supplies compared with expectations of a nine per cent penetration rate. Currently they make up less than two per cent of global sales. Morgan Stanley expects the lithium price to start correcting from 2019, falling to $11,250 per tonne from $13,375 per tonne this year. It said prices will fall significantly in 2020 to around $8,500 per tonne and in 2021 to just over $7,000 per tonne. http://www.cityam.com/281270/lithium-prices-going-drop-45-per-cent-2021-morgan-stanley https://www.businessinsider.com.au/lithium-prices-45-fall-by-2021-2018-2 https://blogs.wsj.com/moneybeat/2018/02/26/lithium-suppliers-tumble-on-oversupply-concerns/ https://www.ft.com/content/4faf029a-1ae7-11e8-aaca-4574d7dabfb6 |
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risktaker
Supreme |
27-Feb-2018 16:39
Yells: "Posts are opinions. Do not take it as investment advise " |
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Morgan stanely say lithium price will drop due to oversupply...
Alll lithium miners got hammer... Also the resource upgrade tio delay .... till now no news... maybe the resource not so sexy afterall... Not holding alliance anymore |
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einnhann
Member |
27-Feb-2018 16:29
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Why today drop so much oh no. | ||||
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giantgrouper47
Member |
19-Feb-2018 08:29
Yells: "Patience is the way" |
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HC is talking about the $1 Party for Tawana | ||||
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kirbably
Member |
13-Feb-2018 12:23
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Alliance follows tawana. When tawana up, this will up also
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Battle123
Elite |
13-Feb-2018 11:43
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These few days got power a not
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risktaker
Supreme |
09-Feb-2018 12:39
Yells: "Posts are opinions. Do not take it as investment advise " |
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Insider took Tawana till 44c... looks like news out tonight or monday..." big resource upgrade"
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risktaker
Supreme |
09-Feb-2018 12:10
Yells: "Posts are opinions. Do not take it as investment advise " |
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Fingercross monday annc for resource upgrade.... then everyone can sell for new year angbso | ||||
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sfnssie
Member |
09-Feb-2018 11:21
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Alliance Mineral (40F) has been showing support at 0.315 and resistance at 0.405. From the relationship between price and moving averages we can see that: This stock is NEUTRAL in short-term and BULLISH in mid-long term, according to s g x . s t o x l i n e . | ||||
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gchan516
Master |
09-Feb-2018 10:08
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f INDOS owner & mgmt ... | ||||
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HKLim6
Member |
09-Feb-2018 09:58
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TAW already secured a 5mil facility from weier. They may not even draw down on it, given the terms (single drawdown before Jun etc). No need to everyone borrow.
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risktaker
Supreme |
09-Feb-2018 09:05
Yells: "Posts are opinions. Do not take it as investment advise " |
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Only afraid is production delay...cos current price factor in resources upgrade n Q1 production
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kirbably
Member |
09-Feb-2018 08:48
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Q2 losses will drop more. Profits not seen yet | ||||
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risktaker
Supreme |
09-Feb-2018 08:40
Yells: "Posts are opinions. Do not take it as investment advise " |
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Looks it need to get the loan from burwill fast... not enough cash for this QTR..
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Battle123
Elite |
07-Feb-2018 22:24
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Can go above 40 soon ?
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Whiskey4108
Member |
07-Feb-2018 22:23
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No mention of alliance?
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skiman
Member |
07-Feb-2018 19:38
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JP Morgan have initiated coverage on ASX lithium sector as ' value emerges through the cracks' . Sell-off creates opportunity to buy into quality assets The Electric Vehicle thematic is emerging at an unprecedented rate. The shift towards auto electrification continues to receive positive tailwinds as global auto manufacturers release new hybrid and full electric models along with global sales targets. Positive sentiment towards the lithium market and listed equities has driven up asset valuations and forced attention from industry players, downstream customers and global money managers. Spot lithium pricing remains close to record highs and despite recent supply announcements and a subsequent re-basing of equity valuations, we believe the lithium market will remain tight in 2018. Capital flows towards upstream projects need to continue. We initiate coverage of Mineral Resources, Orocobre Ltd., Galaxy Resources and Kidman Resources with Overweight ratings, and of Pilbara Minerals at Neutral. Our sector pick is GXY, trading on 0.7x P/NPV & 7.5x EV/EBITDA. GALAXY RESOURCES Summary GXY operates the Mt. Cattlin hard rock project located in Ravensthorpe, Western Australia and is progressing its flagship asset, the Sal de Vida lithium brine project located in Argentina. GXY also owns the James Bay hard rock project in Canada which is in study phase. Mt. Cattlin is the only operating asset and driver of current year earnings, but the catalyst for GXY is an investment decision on Sal de Vida, which we expect will come in 2018. As the major lithium brine project yet to be locked into offtake, we believe there is strong corporate appeal for Sal de Vida. GXY is one of the few global companies that owns a producing project selling into the current deficit market, and as the only independent source of lithium concentrate supply importing into China, the company plays a key role in setting ' contract' pricing for 6% spodumene concentrate with third party converters. Mt. Cattlin The Mt. Cattlin lithium operation is 100%-owned by GXY following its successful takeover of its partner General Mining (GMM.AX) in 2016. The asset is located 2km north of Ravensthorpe, so noise pollution is a consideration during night operating hours. Mt. Cattlin was originally developed by GXY in 2010 with an A$100m capital budget, with first concentrate shipped in March 2011 to GXY' s conversion plant in China (which has since been divested). The operation was put on care & maintenance in July 2012 due to poor market conditions and disappointing plant recoveries. The project was restarted in September 2015 (in partnership with GMM) and concentrate shipments recommenced in January 2017. The Mt. Cattlin operation consists of an open pit mine developed on a flat lying pegmatite ore body. Conventional drill & blast is used along with a load & haul fleet to feed the 1.6Mtpa processing plant. The plant consists of four-stage crushing with a concentrator circuit (classification screens and three-stage Heavy Media Separation cyclones). Coarse waste is removed and sent to a waste dump while the cyclone underflow is sent as a 6% spodumene concentrate to Esperance for shipment. The plant is designed to produce 160ktpa 6% concentrate but GXY is considering further expansion options. Sal de Vida Salar de Vida is located on the Salar del Hombre Muerto in the Puna region of northwest Argentina. The project neighbours FMC Lithium&rsquo s El Fenix lithium operation, which was built in 1999/2000. GXY acquired Sal de Vida in July 2012 when it merged with TSX-listed Lithium One Inc. GXY released a Definitive Feasibility Study (DFS) on Sal de Vida in 2013 and updated this study in 2017, delivering a US$1.04bn asset valuation based on a 10% real discount rate and US$376m capital cost estimate. The revised DFS proposed a 25ktpa lithium carbonate operation with 95ktpa of potash produced as a bi-product over a 40 year mine life. The DFS assumed a 3 year production ramp up to full operating rates and potash production ramping up 12 months after the lithium circuit is commissioned. Operating costs have been estimated at US$3,369/t LCE prior to potash revenue credits, and US$2,959/t LCE including credits. With Mt. Cattlin now operating and going through an optimisation phase, unlocking the value of Sal de Vida is the major focus of the GXY management team. The GXY team have a number of funding options available to them, including bringing a strategic partner into the project to form a joint venture. This is a model that is becoming more common in the upstream lithium market, where companies holding the upstream asset need access to capital and security of offtake to continue progressing a project towards development. Strong corporate appeal with Sal de Vida Sal de Vida is the only greenfield brine project in the world that has studies & permitting completed and is now in the Final Investment Decision (FID) stage. Greenfields brine projects have a 3-5 year profile from FID to full operating activities, and investment in Sal de Vida will not change the lithium supply & demand outlook until 2021 at the earliest. However, we believe that Sal de Vida will i) produce 100% battery grade material, ii) have significantly lower operating costs than hard rock and iii) has further expansion potential will be attractive to a potential downstream player (either converter, cathode maker or battery maker) who is looking to secure a sustainable, long-term solution to its lithium supply issues. Valuation We assume Sal de Vida is approved by the end of CY18 and first production occurs in Sep Q 2021. We have assumed a 10% capital increase in the project (to remain conservative given the long lead time and currency risks) and include 10% higher operating costs than forecasted by the revised DFS. We assume a 40-year operating life and arrive at an A$1.0bn asset valuation. Our base case assumption is that GXY sources capital through debt markets to fund Sal de Vida, but the potential for a strategic partner to inject equity into a joint venture to help fund Sal de Vida is highly likely, in our view. James Bay James Bay is a hard rock lithium project located in Quebec, Canada. The spodumene ore body outcrops at surface and the mineral resource was recently increased to 40.8Mt at 1.4% Li2O. Feasibility studies are progressing on the project, and GXY is engaging First Nation groups as well as submitting a Project Notice to the Federal and Quebec State governments for determination. James Bay screens as a quality hard rock deposit, and its grade is higher than average Australian pegmatite operations. We await the outcome of feasibility studies before getting more constructive on the project. In our group valuation, we ascribe a notional A$100m value for James Bay but we do not assume the project is progressed as GXY will instead focus on Sal de Vida development. |
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twinpower
Member |
07-Feb-2018 18:45
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Guys, does anyone know if the profits from sale of tawana shares will be subject to capital gain tax? | ||||
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