LIT - Livium Ltd

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The gap has been closed, but that was the Low it got to.
The last few weeks might have offered some small swinging opportunities, which I let slip by.
Holding patiently for a breakout: The longer the sideways gyrations, the more rewarding the burst - if/when it finally happens

 

[peter2]

The chart shows three short duration price spikes followed by long periods of consolidation where the price drifts down. The price spikes are probably news related and with no follow up news the price drifts lower as the ongoing interest is lost.

However the price is slowly stair stepping higher as the mining process is developed.

IMO it's an exaggeration to say that price is near a break-out. The last volume/price spike (22/2//16) has not been followed up.

Further share price increases are in the hands of management. They must develop their newly patented Li enrichment process steadily and keep the market informed on their progress.

There needs to be another price/volume spike to attract the interest of the active traders once more.

 

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Further share price increases are in the hands of management. They must develop their newly patented Li enrichment process steadily and keep the market informed on their progress.

There needs to be another price/volume spike to attract the interest of the active traders once more.

Hi Peter,
you must be psychic
I got tired of waiting and sold my last holdings today.

... now watch it break out and run

 

[ukulele]

"You just got Litt up"
Louis Litt, suits

a couple of strong drive bars yesterday and today with huge volume. Something special is up with the lithium plays at the moment; I've been in and out of NMT for a small profit but perhaps I should've stayed in.

 

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... now watch it break out and run

After a few quick intraday trades, I bought back in today in anticipation of another Darvas breakout. If the move continues, I find mid-30's achievable.

 

[skc]

After a few quick intraday trades, I bought back in today in anticipation of another Darvas breakout. If the move continues, I find mid-30's achievable.

These lithium plays are getting a bit silly imo. A bit like Uranium in 2006, rare earth in 2010, graphite in 2013-14...

Some market caps

ORE = $670m
PLS = $517m
GXY = $450m
NMT = $250m
AJM = $214m
GMM = $175m
MNS = $166m
LIT = $56m

ORE is the only one that's producing and able to start making some money. My guess is most of the other plays will start production (if they ever get there) in time for the price collapse.

Compare some of these charts to once-mighty graphite plays like LMB (now HXG), TON (in administration), VXL (suspended)...

Great for trading (although I am terrible at trading these stocks), not too great for passing onto grandchildren.

 

[pixel]

Cup & Handle forming?

 

[greggles]

Lithium Australia on the move today after a relatively steady eight month downtrend.

The company announced today that the Brisbane pilot production facilities of VSPC, a specialist battery-component research and development laboratory wholly owned by Lithium Australia, are now fully re-commissioned, and lithium-iron-phosphate (LFP) battery cathode material is being produced.

Today's announcement has pushed the LIT share price up 35% to 13.5c on volume not seen since November 2017. I'm not sure if there are any other factors involved in today's share price increase but the downtrend has definitely been broken.

 

[Ann]

I wonder if this is the bottom for LIT?
https://smallcaps.com.au/lithium-au...al-energy-security-eliminating-nickel-cobalt/
Lithium Australia’s cathode material offers energy security by eliminating nickel and cobalt
Lithium Australia’s (ASX: LIT) lithium iron phosphate cathode technology eliminates the need for cobalt and nickel and the commodities’ associatedsupply risks, Lithium Australia managing director Adrian Griffin told delegates at Informa’s Mineral and Investment Week conference.

Mr Griffin added the company’s SiLeach and VSPC technologies which created this cathode material from were “second to none”.


Commenting on current lithium mining practices, Mr Griffin pointed out that more lithium gets discharged to waste streams than caught up in the supply chain.


As a result, Lithium Australia has developed SiLeach and VSPC technologies for processing waste material such as lithium mica into a tri-lithium phosphate that can then be converted into a lithium iron phosphate and used in lithium-ion battery cathodes. More...

Looking at the chart it appears to have cleared its 12 month falling overhead resistance and the Twiggs Money Flow indicator is showing a slow steady rise.

 

[Ann]

Up 14.10% so far today to .089c

Lithium Australia teams up with Chinese battery producer to sell lithium-ion batteries into Australia

As it rapidly advances its proprietary technology, Lithium Australia (ASX: LIT) has now teamed up with Chinese battery producer DLG Battery Co Ltd to establish a joint venture business that will supply and sell lithium-ion batteries, packs and modules throughout Australia.


The duo has inked a letter of intent with the equally owned joint venture company to be called Lithium Australia DLG.


“Lithium Australia’s partnership with DLG will provide us with first-mover advantage in the supply of batteries designed specifically for Australian conditions and create a stable supply chain,” Lithium Australia managing director Adrian Griffin explained.


“Australia is already established as a world leader in the take-up of energy storage using lithium-ion batteries.” More...

 

[tech/a]

Another on the watch-list

 

[tech/a]

Not triggered but still interested
will follow up if anything develops

Triggers or drops out.

 

[willoneau]

Interesting chart to follow, after today's large down spread bar on average volume I would be thinking a test of the low at .084 first as if you look at monthly chart not a lot of volume accumulation. That is my thought at the latest bar anyway.

 

[Ann]

Up a couple of percent so far today on this news...

Lithium Australia debuts ‘significant’ vanadium resource at Youanmi

Lithium explorer and technology developer Lithium Australia (ASX: LIT) has debuted a “significant” maiden vanadium resource for its Youanmi project in Western Australia.

The maiden resource is located on an exploration licence that Lithium Australia has an option to purchase and totals 185 million tonnes at 0.33% vanadium pentoxide.More...

Within the estimate is an oxide resource of 96Mt at 0.34% vanadium pentoxide.

The maiden vanadium resource was calculated using 41 historic drill holes that were carried out in 1999.

According to Lithium Australia, the vanadium mineralisation at Youanmi is shallow and continues to the east into Venus Metals’ (ASX: VMC) project which has a vanadium oxide resource of 134.73Mt at 0.34% vanadium pentoxide.

 

[fergee]

LIT up 20%+ today on high volume. A break of 9c would be good to see to start confirming a new bull trend.

 

[Dona Ferentes]

Lithium Australia NL (ASX: LIT) advised the ASX that a further 608,464 partly paid shares paid to $0.0101 and unpaid $0.0499 in the capital of the Company (LITCF) have transitioned from LITCE partly paid shares due to the payment of the $0.01 call per LITCE.

The Company is pleased to advise that several LITCE shareholders applied for 608,464 LITCF partly paid shares, now amounting to 36,238,765 LITCF. Statements will be issued shortly to these newly designated LITCF partly paid shareholders who can trade under the symbol LITCF.

There remains a total of 135,675,026 LITCE partly paid shares that have been forfeited and returned to the Company; initially to be auctioned and then dealt with by directors pursuant to the Company’s constitution.

The LITCE partly paid shares paid to $0.0001 and unpaid $0.0599 have been de-listed, now forfeited, and will be available at the public auction on Monday 11 May 2020

- wow. Sounds like an opportunity for someone. Maybe.

 

[Dona Ferentes]

Lithium Australia’s LieNA® technology can recover lithium from fine or variable grade spodumene that is usually discarded as waste. The company pointed out that conventional spodumene processing has recovery rates as low as 50%, due to chemical producers having high specifications for their roasting process.

Unlike the current method, LieNA® is not constrained by particle feed size or grade. LieNA® uses an alkaline source, such as caustic soda, to convert spodumene into a lithium-bearing sodalite. The sodalite is then recovered and selectively leached to produce a lithium-bearing solution. This is further treated to generate a high-purity refined tri-lithium phosphate product.

Advancing towards commercialisation

To assist with advancing LieNA®, Lithium Australia collared a $1.3 million grant under the Australian Government’s CRC-P round 8 program. In collaboration with the Australian Nuclear Science and Technology Organisation (ANSTO), Lithium Australia has completed extensive test work on the technology.

Lithium Australia said it was now committed to a semi-continuous pilot plant evaluation of the flowsheet, which is the scope of the CRC-P grant.

“Recovering material that would otherwise go to waste is a fundamental building block in Lithium Australia’s quest to enhance sustainability, reduce costs and negate environmental impacts throughout the battery production cycle,” Mr Griffin explained. “If we as a society want to maintain current living standards, we cannot afford to squander the resources and need to minimise our environmental footprint.” "Commercialisation of LieNA® will take the lithium industry one step closer to achieving that goal,” he added

https://smallcaps.com.au/lithium-australia-...ovel-inventive/

 

[Dona Ferentes]

 Envirostream Australia Pty Ltd has signed recycling agreements with two additional batteries suppliers.
 Over the past 2 years, Envirostream has trialled the recycling of end-of-life battery packs from six different types of electric vehicles.
 The significance of these contracts are that Envirostream will become a first mover in the recycling of EOL EV batteries in Australia
 Envirostream expects to begin regular recycling of EOL EV battery packs over the next few weeks.
 Worldwide, numbers of spent lithium-ion batteries, including EV battery packs, are expected to grow rapidly, underpinning Envirostream’s business model.

- "Complete process of EV battery recycling, from transport, handling and discharge through to disassembly and materials recovery" .... with or without subsidies?

 

[fergee]

My pick for the October comp.

LIT is making some moves with farm in agreements with multiple other companies for a variety of minerals.

"The exploration strategy of Lithium Australia NL (ASX: LIT, ‘Lithium Australia’ or ‘the Company’) includes joint funding of its exploration portfolio, achieved through associations with well-funded and progressive explorers. To that end, Lithium Australia recently entered into agreements with Okapi Resources Ltd, Metal Hawk Ltd, Australian Vanadium Ltd and Mercator Metals Pty Ltd, thereby providing exposure to gold and base metals at little cost to the Company and preserving 100% of the lithium potential of the projects concerned."

They retain the rights to all Lithium resources and receive(d) small payments for granting prospecting rights to said companies. LIT has just finished a $4.5M capital raising.

See above posts by @Dona Ferentes about the battery recycling and lithium processing tech segments of the business which both show a lot of promise too. LIT has some lofty goals to be a full cycle lithium battery producer from mining to processing to manufacturing and to end of life battery recycling.

Technically they are teetering on a break out from an as yet unbroken 4 year down trend.

 

[Dona Ferentes]

and further actions (was spread thinner than vegemite). Has seen SP hit high for year

Lithium Australia grants option over Australian exploration assets

Lithium Australia NL provides the following information with respect to granting an option for Charger Metals NL (ACN 646 203 465) (“Charger”) to acquire part of the Company’s Australian exploration assets.

HIGHLIGHTS
1. Lithium Australia grants Charger Metals NL an option to acquire exploration projects including:
o The Coates Mafic Intrusive Complex (Wundowie Project), prospective for nickel, copper and platinum group elements (‘PGEs’), hosted in a mafic intrusion in the highly prospective Western Yilgarn emerging Ni-Cu-PGE belt 28km south-east of Chalice Gold’s Julimar discovery in Western Australia;
o The Lake Johnson Project, near Southern Cross, Western Australia which is prospective for lithium, gold and nickel; and
o The Bynoe Project, prospective for lithium and gold, located near Darwin, Northern Territory.

2. Lithium Australia retains significant leverage through a 30% interest, freecarried to completion of bankable feasibility study, in each Project, and a significant share interest in Charger post Initial Public Offering; and

3. the transaction enables Lithium Australia to enhance focus on its core business that being to ensure an ethical and sustainable supply of energy metals to the battery industry (enhancing energy security in the process) by creating a circular battery economy .

(hat-tip; Mick at SC )