brerwallabi
The Oracle
- Joined
- 5 July 2004
- Posts
- 1,053
- Reactions
- 817
Oh my so glad it’s not some palatial palace.
is it the official office?Oh my so glad it’s not some palatial palace.
Reposting the lovely note from our own @peter2@Dark1975 You seem to know what you're doing, carry on trading.
IMO, VUL is a highly speculative investment at these levels. Be careful.
I've written a number of posts "death riding" VUL but each time I've decided to not post them. Who gains by my posts? No one. I'll never invest in VUL and I'm not going to short it even though I think it's a great short at these levels.
VUL has presented the greatest corporate narrative I've ever seen. It's clearly the best fairy tale in the ASX. It ticks all the current ESG aspects. Management have have outlined plans, signed agreements and assembled teams, but they've yet to drill a hole in the ground.
Today they reported on the chemical composition of the brine on "their" geothermal well. It's in the notes that I read,
View attachment 121129 They haven't even drilled a hole in their ground yet!
They assembled one of the top geothermal teams in the world. How about a hole in the ground?
VUL has to build a geothermal power company, a direct lithium extraction plant, a central lithium concentration plant. They've got to assume that the brine reservoir will have the required pressure, the lithium conc doesn't vary, the chemical contaminants don't vary as they collect the brine. Then, after they've taken out the lithium they're going to pump the brine waste back into the reservoir and hope that nothing changes.
This going to take decades.
Yes as per their details on asxis it the official office?
Thanks Joe for bringing examples from a particular poster on the context.Just need to make a quick point about the dangers of buy recommendations/posting price targets:
Closing price on the day this was posted: $8
Price now: $5.49
Loss: -31.37%
Price when posted: $7.80
Price now: $5.49
Loss: -29.62%
This is why I don't like price targets or buy recommendations posted, especially when there is no accompanying analysis. It's fine to be bullish, if that's your take on a stock and you can explain why. An explanation or some form of analysis at least provides some context for that position.
But nobody knows what the future holds and that's why posts like these, in isolation, can be dangerous. That's also why ASIC are concerned about stock market internet discussion sites.
To All: Please take everything you read on a stock market forum with a very large grain of salt, because many people are posting purely out of self interest, and not in your interests. Be very cautious, do your own research, and if in doubt, consult a licensed financial adviser.
Thanks Joe for bringing examples from a particular poster on the context.
Is there a between the line message ?
Yes. They have two offices one as already been notated here by Miner, the other office is located in Karlsruhe, Germany.is it the official office?
J Capital have come out with a report slamming VUL, and questioning the project.Another trading halt in VUL, wonder what this time..
J Capital have come out with a report slamming VUL, and questioning the project.
Vulcan Energy shares were locked in a trading halt on Wednesday after short-seller J Capital accused the $1.86 billion lithium explorer of misleading investors and labelled its flagship lithium extraction project in the Rhine Valley, Germany, a “non-starter”.
The report’s author, Tim Murray, also questioned claims the lithium market darling can develop and harness geothermal power in the Rhine Valley to produce lithium hydroxide.
“In effect, management is low-balling the costs and overstating the quality of its resource,” J Capital alleged. “They have pushed down discount rates to make the project look profitable. Vulcan has also declined to reveal key information about the direct lithium extraction technology critical to removing the lithium from the brine at reasonable cost.”
The short-seller said he had spoken to numerous experts on emerging lithium extraction technologies, as well as politicians and activists opposed to geothermal power plants on environmental grounds in the French and German region of the Upper Rhine.
“Our research shows that the project may never actually get under way,” J Capital said. “The costs are higher than the company claims, output will be lower, the environmental impact is brutal enough that public outcry will block permits, as has happened before in the area, and the quality of the lithium resource is low. Many experts agree with us that this project is a non-starter.”
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