April 28, 2011
– Comments (8) |
RELATED TICKERS: LEXGD
I guess the only institution that can keep it from going up will be the SEC.
All the newsletters tried and failed miserably.
Can you give me a pointer to some of them? I think the earlier post about the provenance of the company makes them _extrememly_ dubious. _BUT_ ... they did sign contracts for exploration rights in Alberta and Chile, didn't they? Not knowing the details there is what keeps me from hitting the red thumb right now.
I mean, PALG.OB still seems to somehow be north of $10, still.
My next project might be to invest in a basket of "scam stocks" like this...it could be fun if you can master getting off at the right stop. : )
I think this is a Tim Sykes type of long pick.
Lol, Momentum21 then start with LTUM another Lithium play that is following LEXG but may actually be a real lithium company because they actually have soil tests that say they have Lithium.
I consider this a speculative company, so I'm investing cautiously. That said, lithium is a crucial ingredient for hybrids and electrics with their lithium-ion batteries. (Hey - they could have new slogan "Lithium - it's not just for brains anymore!") Sorry. Lithium bats store about 3x the energy per pound compared to nickel-metal hydride bats. There are basically two ways to get Lithium, one is traditional mining. The other is extracting the Lithium from salt brines. LEXG claims that their Lithium source will be more cost effective (extracted from brines, using exsisting oil wells on the land they own rights to), and of higher grade. They claim that because their Alberta source is easily accessable it will be cheaper to extract. There are fewer steps to production when extracting Lithium from salt brine, than from breaking it out of rock. Things are just getting started in this area. It's my opinion that once we get a real taste of electric auto transporation - there will be no turning back. It's faster, more torque, less noise, more fun. And, depending upon the source of the electricity, can be much less polluting. (Hopefully this time the oil companies won't buy them up and shred them before we get a chance to use them ;-)
#4 - have you seen what is happening to LTUM??
From the time you mentioned it it popped from .79 to 1.32. I actually had an order in and missed it!! Sick...
Even if this company had some legitimate catalyst, so far all they have are a few leases and did some cursory testing. Assuming any chance of eventual mining/processing, you are literally many years away at the minimum assuming the necessary financial wherewithal. Man if you bought this at under a buck take your profits and run.
Ok, I admit it, I'm a fool with a little "f" this time. Didn't realize it was a pump stock. (With a good cup of coffee, I can do stupid things twice as fast and with more energy!) Fun to see a double, grateful to break even, and nice to get some sleep.