Post by
liljohnnyjoke on Aug 07, 2024 3:02pm
Took my lumps on this one today
Its done nothing but go down down down since the early April $5US financing news and there hasn't been one update NR since exept the Q1 nr, which the shorts used as a negative due to lack of income coming in from Thaker Pass mine LOL.
Virtually same pattern everyday, a little pop in the first few minutes then intraday shorting down the rest of the day. Likely by two big well known hedge funds envolved in the financing.
Maybe my selling at the bottom will help you out as there is now bound to be an NR with sp pop.
Without an NR this will continue to drift down, Q2 is due out soon.
With all of the mine development costs the need for another financing looms on the horizon this time at $2US or less so likely 150M share issue?
Seemed like a good story but mine opening 2027/28 just too far off.
Maybe if this drops below a buck at Xmas tax loss selling it might be a good short term pop play.
Comment by
liljohnnyjoke on Aug 09, 2024 9:40am
this is not that far away from me https://www.cbc.ca/news/canada/ottawa/electric-battery-project-umicore-ontario-1.7276431#:~:text=CBC%20News%20Loaded-,Company%20halts%20construction%20of%20%242.7B%20battery%20project%20in%20eastern,a%20slowdown%20in%20EV%20sales. EV demand around the world has tanked
Comment by
sorrenson on Aug 09, 2024 1:16pm
"contract with a Chinese manufacturer would not materialize. " I have no doubt the chinese were trying a scam in order to get chinese made batterys into north america by doing final assembly of all chinese materials here, Im am happy as I want to retire in kingston and this was an excuse for pumping prices
Comment by
1condor on Sep 04, 2024 5:03pm
Wow...what is going on with this shareprice. I did some short term trading on this earlier in the year ...but todays low SP even surprises me. What's would this stock be without GM? For you holders I sure hope they stay committed to this company. Good luck all.
Comment by
1condor on Sep 12, 2024 6:31pm
Nice move in this stock based on news out of China. Not a holder but does show how fast a beaten stock can move in this environment. Still think the big news will be the final payment due from GM...until this come about I believe the stock will have a tough time...with plenty of volatility to go around.
Comment by
1condor on Sep 13, 2024 11:28am
Should see some day trades in the stock take some off the table over the next week or so. Maybe enough to drive it back below 3?
Comment by
liljohnnyjoke on Sep 15, 2024 8:32am
If GM planning to pay the 2nd tranche why did they extend the deadline to do so until the end of the year? And if they dont doesnt that make the loan from DOE fall through? Are GM waiting for election results, Trump win = no further investment, Harris win = 2nd tranche investment due to Dems being green energy supportive
Comment by
a2bman on Sep 18, 2024 3:28pm
Kind of like playing in djt shares?