SETS: I think SETS is a little more illiquid whereas if we are trading on AIM we are more at the hands of the MMs.
Quite Aldanti. One can Google Earth the Sonara project site and see only a drill rig in a dusty lay-by in god-forsaken mountain range. Yes the dusty clay under the scree is mainly lithium carbonate but there's a long way to go and much to do before any financial return comes from selling the stuff!!!
Hey Guest, no funds to buy the electric car yet, spent the last proceeds for REM investment return on paying off the mortgage having been an REM investor at 0.035p and selling out at 1.9p. So continue to fill your boots and a time in the future you can buy an electric car too.
Hey Guys try to stop all this worrying over the share price. Leave your screen and go for a nice walk in the sunshine and look at the spring flowers. If you have a holding in REM then think about the facts extracted from the company April’14 report, then you’ll realise you have made a true investment for the future maybe not by this afternoon though as many seem to demand. Sonora Project ( Lithium carbonate mining) Contains one of the largest clay hosted lithium deposits in the world • Current mineral resources are approximatley 2.4 million tonnes of LCE • Initial economic study 20 year mine life • Production 35,000 tonnes per annum of battery grade LCE • Lithium demand is forecast to grow from current levels of 150,000 tpa 500,000 tpa by 2025 (source Signum Box). • Future lithium demand is projected to grow at 9.7%pa with the battery market forecast to grow by 21%pa (source Roskill Information Services) The market makers run a business to make money and will do so by fluctuating the share price especially to exploit demand from over eager retail investors that have to buy their share at 8.02am before dashing off to work,( hence the 55p spike this morning). Hey Guys try to stop all this worrying over the share price. Leave your screen and go for a nice walk in the sunshine and look at the spring flowers. If you have a holding in REM then think about the facts extracted from the company April’14 report, then you’ll realise you have made a true investment for the future maybe not by this afternoon though as many seem to demand. Sonora Project ( Lithium carbonate mining) Contains one of the largest clay hosted lithium deposits in the world • Current mineral resources are approximatley 2.4 million tonnes of LCE • Initial economic study 20 year mine life • Production 35,000 tonnes per annum of battery grade LCE • Lithium demand is forecast to grow from current levels of 150,000 tpa 500,000 tpa by 2025 (source Signum Box). • Future lithium demand is projected to grow at 9.7%pa with the battery market forecast to grow by 21%pa (source Roskill Information Services) The market makers run a business to make money and will do so by fluctuating the share price especially to exploit demand from over eager retail investors that have to buy their share at 8.02am before dashing off to work,( hence the 55p spike this morning).
Have faith in this company. We need lithium to power the batteries in all those mobile devises throughout the developed and developing world. Got into REM at 0.035p sold at 1.9 having missed the 2.2 spike, but still paid off my remaining mortgage. Bought back in at 0.6 and 0.4 so very happy we are back in the 0.5s. So the upside benefits are sweet, and am happy to be in for the long term.
Guest.you have surfaced.Where were you all morning. How is your short doing ?
Great news with the battery grade but the bigger picture is that this will grab the attention of the main lithium requiring companies IMO
sounds very promising, DL getting his announcement ready. exciting times, get ready for lift off
I've been waiting for 8 months for this news and topped up my ISA today at 0.43 looking good for tomorrow.
Just bought my ISA allowance of REM for the year. Just need the good news to flow in good time.
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