warrior70 wrote: I've read all of these links you have suggested as evidence of Lithium pricing problems, and you have actually made a compelling argument that Lithium is a major buy. Did you even read the articles?
This is what Warren Buffet has recently (stated in one of your articles), and probably why you are here on this board all day,every day, trying to undermine investor confidence here and acquire FAT shares well below reasonable value. That's your racket.
This basically makes you either a self interested deceiver not to be trusted, or someone with an infantile understanding of how the financial media works in collusion / lock step with huge international funds looking to invest in cheap assets at fire sale prices. I'll give you the benefit of the doubt and assume you're a deceiver.
My understanding of the Lithium supply / demand forecast is as follows:
World battery production will need > 3 M tons annually for 20-30 years. It will take 5-10 years for production to ramp up to meet that demand, if ever.
Most of these articles were written in January and were part of the organized financial media campaign to bring fear to investors and have them dump hundreds of millions of cheap shares right into the hands of shrewd funds. They did the same thing in 2010.
FAT will likely be bought out in the medium term by a larger player looking to secure supply near infrastructure. Once the deposits are confirmed FAT is an obvious takeover target within months.
Chile's SQM is the largest and lowest cost producer on the block, and Chile has 50% of the world's current production. But both SQM and the Chilean government will want a nice high price to remain, so don't expect them to flood the market and drop the price when they don't have to. Pricing will be set to the production cost average of the next cheapest several major producers.
Saudi Arabia and Russia together produce 25% of the world's oil at $4-$20/BBL but they don't sell oil anywhere near their cheap production costs. And Canada still sells 100% of it's 5 M BBL / day production even with production costs north of $45/ BBL.
Besides, it will be several years before SQM can produce enough to impact global prices meaningfully anyway (assuming all goes perfectly, which it won't) and demand will likely outstrip supply as other uses for lithium beyond autos expand the market even further. Industrial, shipping, autonomous field technologies, agriculture, 3rd world solar technology, aircraft, public transit, field generators, submarines, military, spacecraft, consumer devices... Once Lithium battery production and Gigafactories are in place for cars the energy revolution will transfer to a myriad of other sectors, driving demand further.
So basically you have made the compelling argument that Lithium is a major buy and FAT will either be bought out or sell property rights to certain M&As in the mad scramble to add accessible reserves of Lithium and compete with SQM to supply customers reliably. Never mind the US imperative to buy North America.
Even more reason to get that 43-101 on Zoro Dyke 1 done ASAP once the Phase 4 drill results are released.
And leaf67, don't forget to do your due diligence on any stock. By due diligence I don't mean looking at Google news on Lithium which is basically designed to mislead investors on a massive scale. I mean digging through endless filings, drill results, research analyst reports, financial statements, and NRs, and maybe picking up the phone and calling someone who has more understanding than you. You could try calling FAT's IR person or a stock analyst familiar with the lithium market.
Or try following Bird on Twitter or SH - you may learn something from him. He has made a lot of people very wealthy here on SH by alerting them to fantastic, undervalued penny stocks. He does his proprietary research (and provides much of it here free of charge), he talks to CEOs and insiders, he informs investors to the best of his ability, he is often tweeting and posting on SH in the evening or late at night and weekends, he is dealing with trolls, manipulators and critics, he and he actively defends and promotes decent stocks. He puts his money where his mouth is too. He has also taken some obscure, unknown companies with outstanding prospects on the venture exchange and elevated them to respectable status.
Compare that with what you have offered everyone here. You offer nothing but fear and misinformation trying to panic investors into selling shares below value. Your family must be so proud of you.
leaf67 wrote: https://www.metalbulletin.com/Article/3791099/SQM-share-prices-dip-amid-fears-of-lithium-market-oversupply.html
https://kirillklip.blogspot.ca/2018/01/sqm-lithium-oversupply-scare-20-sqm.html
https://blogs.wsj.com/moneybeat/2018/02/26/lithium-suppliers-tumble-on-oversupply-concerns/
https://thewest.com.au/business/lithium/listed-lithium-players-take-a-tumble-on-growing-fears-of-over-supply-ng-b88719735z
https://www.afr.com/business/mining/expansion-talk-wipes-billions-off-lithium-miners-20180118-h0kqqo
https://stockhead.com.au/resources/investors-exit-lithium-stocks-as-heavyweight-sparks-oversupply-fears/
https://thelithiumspot.com/2018/01/19/sqms-new-deal-the-lithium-market-sell-off/
https://www.sbs.com.au/news/battery-frenzy-sparks-oversupply-worries
Do your own dd before buying any stock.
leaf67