RE: RE: RE: RE: About to break outI suppose the only danger is that some kind of market turmoil mightdrive the sp back down to $3.70,
That's a risk for all equities... hedge if you have to but if you have any confidence in the equities market TLH is not a bad place to be. Don't lose sight of the long-term picture for TLH. Wireless phones, wireless internet, wireless anything is just a concept without lithium. Lithium's critical role in portable technology will never change, regardless of the short-term outlook for oil. The emergence of electric vehicles (supported by government mandates) is just the icing.
TLH is trading at roughly 14 times current earnings and less than 8 times forward earnings. Remember that they will double production in months, not years... 2012 is only months away. Their reserves more than doubled, sales have doubled since 2006 and will double again within the next 10 years.
Goldman triggered the sell off when they started to reduce exposure around mid February, when the price was around $6.50. Good on Goldman Sachs for their short-term trade but what about the $90 Million bet they're making on the long side? Hey, Farallon is on board too with a $85 Million bet of their own. But the top of the pyramid goes to Resource Capital Fund... committing a whopping $240 Mill of their $1 Bill on TLH. RCF better know what they're doing, and they do... just look at the management team - top shelf. Follow the smart money... they'll be there to snap up the remaining 11% floating amongst the retail investors.
https://apps.cnbc.com/view.asp?country=US&uid=stocks/ownership&symbol=tlh.to