Post by
lithomon on Aug 15, 2022 9:30am
Heavy "Anonymous" Buying to the Closing Bell
It is taking time for effective control to be had, but possibly we are observing the final push as "Anonymous" continues heavy accumulation of FL right to the very close on Friday.
At some point, the likes of ALB, SQM or even LAC are going to realize that acquiring Frontier Lithium and getting at least Two (2) Albemarle-like Greenbushes Lithium mines at $2 something a share is dirt cheap.
FL's Lithium assets even more relevant now, given Elon Musk's comments that it could be timely for Tesla Ontario to ambitiously move ahead with a Giga Battery plant to service the high EV demand Ontario population of nearly 15 million residents.
The recent discovery of higher grade Cesium (& rubidium, tantalum & Niobium) has likely sparked further interest of FL (possibly from the likes of Sinomine, the world's largest producer & supplier of Cesium and Rubidium products, etc).
Clearly, a Frontier Lithium acquisition can be accomplished relatively swiftly with ALB and SQM trading at near historic high share prices of US$281 and US$208 respectively.
Clearly FL is years behind (on the road to Lithium production) as mentioned on the "CRE" Bullboard Forum AND respective Governments have moved even slower than FL's turtle pace.
Nonetheless, one must not under-estimate even Lithium Americas as potential suitor of FL with LAC favorably positioned with $US440M cash on hand & $40+ share price & now commissioning/testing the Lithium circuits of the beginning of Lithium production operations. One can bet that LAC will be hungry to acquire & grow ready-made "cash cow" Lithium assets that just requires the plugging-in of its efficient construction & production teams and quickly advance to Lithium production of new assets.
With any of the above suitors (ALB, SQM or LAC) massively well positioned to be buying some of the remaining available high value Lithium assets, the likes of FL, it's a relatively swift process to Lithium production with effective and efficient "Construction" and "Production" teams in-place & ready to be mobilized.
Comment by
YCBASMG on Aug 15, 2022 11:42am
Well put QWERTY22! I don't see any rush to sell FL to buyer. That would leave a lot of upside on the table for current shareholders, in my opinion. The option to sell will always be there and the acquisition price will only go higher as the company progresses towards and into production.
Comment by
CanSwiss on Aug 15, 2022 1:19pm
Agreed. The stock does not have the liquidity for the big boys to building any kind of position. It's more likely investors coming back from vacations and anticipating good news over the next month(s). From the July 25 press release: "At the time of this press release Frontier had completed over 7,000m in 22 holes. Laboratory analysis were only complete for the four holes reported."