BOUGHT MORE today - See my discussion tooI cannot tell you the JOY I feel at being able to buy NILI stock at these prices.
It is like I found a mountain of gold and everyone walks buy it while I grab as many gold bars as I can.
Today I met with a person who meets some of the biggest money managers. I am talking about a person who is known and has contacts with a large majority of the publicly trading companies.
Just this network alone with thousands of investors could easily raise billions of dollars. I was intrigued as we discussed in detail and I learned of the industry from their eyes.
What I learned is that the whole mining sector is in the doldrums in 2024, no matter which stock you pick or sector you are in. Person mentionned at least 20 companies that have had fantastic results but whose stock is dropping or, even goes lower on great news.
I was told that most of these companies are now withholding news because the market is not in its favor. As a matter of fact, stock is more likely to drop than rise, so incentive to not disclose and continue to work on the project and then sell out to a MAJOR.
The industry has therefore changed its game strategy to one where they are doing what NILI is doing, in other words exploration work up to PFS and then finding a MAJOR to take it over.
This person is in contact with the MAJORS, whom are in favor of this strategy because it costs them less. They have the juniors make a discovery and bring it up to PFS. Once there the MAJORS will analyze making an offer if the economics are there. In other words, if it is PROFITABLE to them. The MAJORS will be buying to add to their inventory of projects, knowing that the resource has been proven and is there. The inventory will be worked on when the MAJOR feels that the economics are in their favor.
In NILI case, a MAJOR could buy them out next year at say $ 1.5 billion and then shelve the project for 10 years until lithium demand is very hot, then they bring the mine to production. In the meantime the MAJOR knows they have the goods.
Juniors are not concerned with stock price because if they have the goods, the MAJORS will pay out handsomely. For a 40 cent stock, a MAJOR is willing to pay $ 5 per share.
The obvious question is, where has the money gone to? Did it disappear?
The response I was told is that the banks are the major players in the market with billions upon billions of dollars to invest. At the present moment, there is a huge movement towards the coin market, in particular with Bitcoin. Banks are pouring billions into these coins as these see that dollar money as we know will become obsolete. It will all be coins and electronic trading.
In the meantime, we find ourselves with SPECTACULAR BARGAINS, which are a BLESSING because when banks are done with coins and come roaring back into metals, Surge Battery Metals will SURGE.
Good Luck,