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Piedmont Lithium Inc. (PLL)

NasdaqCM - NasdaqCM Real Time Price. Currency in USD
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46.67-3.43 (-6.85%)
At close: 04:00PM EST
43.00 -3.67 (-7.86%)
Pre-Market: 08:19AM EST
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  • j
    jerry
    $OROCF conversation
    Hello, North American lithium traders. You are trading Allkem in the U.S. (OROCF) and Canada (AKE.TO) today at a 2.5% to 3% discount for no good reason. The main shares in Australia (AKE.AX) traded up 2.2% overnight on nice volume (4.2 million+ shares) based on soaring lithium prices and Allkem's just released bullish Quarterly Activities Report. Do you in North America, with your sub 100k volumes in each market, think you know something the 4.2 million shares traded in Australia don't know?? Stop selling at a 3% discount to what the shares are actually worth. With the present exchange rate, the shares are worth no less than $8.35 USD/share.

    $OROCF $SQM $LTHM $ALB $LAC $PLL $SLI $LIT
  • c
    clever
    @ graham, to the 30s it will go
  • j
    jerry
    $OROCF conversation
    Looking to get more lithium exposure in your portfolio but hesitant to buy more right here on today's big 5% to 10% (+) bounce in the space? Well Allkem (U.S. ticker: OROCF; Australian ticker: AKE.AX; Canadian ticker: AKE.TO) is trading at a big discount today relative to this bounce in the space. That is because the Australian market (the primary stock market for the trading of this stock) is closed right now and doesn't open until tonight New York time.

    Allkem (formerly Orocobre which recently merged with Galaxy Resources) is one of the very best quality plays in the entire lithium space. Unlike lithium juniors still in the exploration and development stage, Allkem is a major, established player on the global stage with huge revenues and huge revenue growth. With huge ongoing production (not to mention its own big development pipeline), Allkem has been capitalizing hugely on soaring lithium prices (most recent lithium carbonate spot quote: 298,500 yuan / metric tonne). Why wait for production years out when you can have it right now in a major, quality global player? Also, Allkem, unlike ALB and SQM, does not have any Chileean exposure (think Boric, newly elected socialist president looking to massively raise taxes on miners and nationalize most if not all new lithium development in the country).

    Right now you can still get Allkem (OROCF in the U.S. or AKE.TO in Canada), one of the very best lithium players in the world, at a big discount to today's bounce in the space. Surely the shares will be higher tomorrow after the Australian market catches up with today's big bounce in the space during Australian trading tonight.

    Good luck and good investing to all no matter what your lithium stocks happen to be.

    $OROCF $ALB $SQM $LAC $ LTHM $PLL $SLI $LIT
  • W
    Woody
    guys you need to do some research. %PLL bought into a junior miner in Ghana ticker %ALLIF to save their bacon . Luckily it will be worth at least 5 times present price. Carolina may never happen
  • s
    simit
    what's going on with piedmont plant in gaston county?
    they drilled for a lil while to chck what's underneath & now stopped everything.
    i don't see any movement there except they did put a sign " piedmont lithium exploration office".

    it is right opposite of my c-store on dallas cherryville hwy in bessemer city, NC
  • C
    CMan
    is there any new information in the shareholders meeting today?
    I see the stock price is up...
  • G
    Greg
    PLL mentioned on Fox Business news yesterday that PLL and Tesla are talking about PLL supplying Testa with Lithium when new mine opens for busy this could be huge for PLL and must be driving SP yesterday and today.
  • j
    jerry
    $OROCF conversation
    Another all-time high set overnight in Shanghai in spot lithium carbonate. (Closed up another 4000 yuan to 272,500 yuan / metric tonne.)

    $OROCF $LTHM $LAC $SQM $ALB $PLL
  • A
    Adrian
    📈 the Bullish Report on Piedmont Lithium Limited

    https://chart-analysis.tools/PLL
  • j
    jerry
    $LTHM conversation
    With zero exposure to Chile and its far left president-elect Boric, Livent (ticker: LTHM) has suddenly emerged as one of the most solid lithium plays out there. Lithium prices are soaring day after day -- lithium carbonate spot price rose to yet another record overnight in China to 242,500 yuan / metric tonne. Will the market finally get smart and prove wrong the analyst who downgraded Livent stock last week? The future for Livent, the company, is getting brighter and brighter each and every day. It is just a matter of time before its stock resumes its upward trend.

    Disclosure: I hold LTHM and OROCF. As I stated on Friday morning towards the end of my previous thread, I exited ALB and SQM last week because of the upcoming political uncertainty. If the time comes when there is more clarity regarding the new government's plans and they are not too negative, I would be interested in re-entering. Neither LTHM nor OROCF has exposure to Chile. The future is very, very bright for lithium producers.

    $ALB $LAC $PLL $SQM $OROCF
  • j
    jerry
    $OROCF conversation
    Promising developments outlined in article just out overnight for the James Bay, Quebec assets of established Australian lithium producer, Allkem (ticker: OROCF):

    "James Bay Lithium Project Feasibility Study & Maiden Ore Reserve

    Allkem Limited

    Mon, December 20, 2021, 10:47 PM·31 min read

    BRISBANE, Australia, Dec. 21, 2021 (GLOBE NEWSWIRE) -- Allkem Limited (ASX |TSX: AKE) (“Allkem” or the “Company”) advises the release of the Feasibility Study and Maiden Ore Reserve for its wholly owned James Bay Lithium Project (“James Bay” or the “Project”) located in Québec, Canada.

    HIGHLIGHTS

    Feasibility Study confirms a sustainable, high value hard rock lithium operation utilising renewable hydropower

    Material ~2.5x increase in Net Present Value (“NPV”) from the Preliminary Economic Assessment (“PEA”) released in March 2021

    Construction planned to commence in Q3 CY2022 with commissioning in the first quarter of CY24, subject to receipt of necessary environmental and other approvals

    Strategically located in proximity to high-growth electric vehicle markets in North America and Europe

    Project Details

    Mineral Resource of 40.3Mt at 1.4% Li2O and Maiden Ore Reserve of 37.2Mt at 1.3% Li2O provides a long life, low cost spodumene operation

    Average annual production of 321ktpa of spodumene concentrate with a 19 year mine life

    Shallow, near-surface mineralisation ideal for open cut mining with a low life-of-mine (“LOM”) strip ratio of 3.5: 1

    2mtpa process plant designed to produce up to 6% Li2O spodumene concentrate

    Very similar process design and flowsheet to that already successfully employed at Mt Cattlin

    Low-cost, sustainable source of hydropower to provide approximately 45% of site power needs

    Strong relationships with the Cree Nation of Eastmain, Cree Nation Government and all stakeholders

    Project Financials

    Capital cost estimate of USD285.8 million on the optimised mine plan, flowsheet and schedule

    Cash operating costs (FOB Montreal) of USD333 per tonne of 5.6% Li2O concentrate

    Pre-tax NPV of USD1.42 billion at an 8% discount rate and post-tax NPV of USD823 million

    Pre-tax Internal Rate of Return (“IRR”) of 45.8% and pre-tax payback period of 2.4 years

    Post-tax Internal Rate of Return (“IRR”) of 35.2% and post-tax payback period of 2.9 years

    Project Execution

    Basic engineering has commenced alongside the procurement process for key equipment, temporary installations, contracts and preparation of construction permits

    Completion of the feasibility study and report prepared in compliance with National Instrument 43-101 – Standards of Disclosure for Mineral Projects(“NI 43-101”) allows the Impact and Benefit Agreement (“IBA”) negotiations and Environmental and Social Impact Assessment (“ESIA”) approvals to be continued and completed

    Further carbon studies and initiatives underway to align the project to Allkem’s target of transitioning to net-zero emissions by 2035

    Downstream studies continue, examining options for value adding from the conversion of James Bay’s spodumene concentrate

    Managing Director and Chief Executive Officer, Martin Perez de Solay commented
    “The Feasibility Study results clearly demonstrate the exceptional value that will be generated for all stakeholders through the development of this project. It will utilise clean hydro-power to provide lithium into the EV and other low carbon industries. Supply chain and logistics emissions can be minimised by supplying into the rapidly expanding markets in North America and Europe.” "

    To read more, see article posted on OROCF's Yahoo Finance page..

    $SQM $ALB $LAC $LTHM $PLL
  • j
    jerry
    $SQM conversation
    Lithium carbonate spot price is up by another 3% today (Monday) in Chinese trading to 222,500 yuan (35,000 USD)/ metric tonne. This is another all-time high. Large Chinese player Ganfeng Lithium is also up by 3% so far in Hong Kong trading and my new favourite lithium stock, Allkem Limited (AKE.AX), is up by 3.6% so far in Australian trading today. Allkem is the new name for Orocobre which just completed its merger with Galaxy Resources. Great lithium play with great lithium assets and tremendous growth ahead. OROCF has been the U.S. symbol for this stock up until this point but I believe a brand new symbol is in the works for U.S. investors perhaps on Monday or very soon thereafter. 

    There just isn't enough lithium to go around, folks. Maybe there will be one day, but that day is far, far off in the future. Who knows when it will ever arrive since auto manufactures are only just starting on their inexorable path from ICE to EV. 

    Looking for all lithium stocks to start really picking up speed once again as we head towards the holidays and into the new year. Good luck, good fortune, and happy holidays to all lithium investors out there.

    (Disclosure: I hold OROCF, SQM, LTHM, and ALB. I have held LAC several times as well over the past year, but not at this moment.)

    $SQM $OROCF $LTHM $ALB $LAC $PLL $LIT
  • S
    Saint Preferred
    How was it today???
  • g
    graham
    Beginning of the end…..where to now
  • J
    John
    Once again I’ll ask.. 16 million shares outstanding w a float of over 1 billion shares? Can someone explain this to me?
  • S
    Saint Preferred
    So, how is everything going over here?????
  • S
    Saint Preferred
    Well, if you didn't sell today, next week will be fun for you folks..
  • C
    CMan
    In the 2021 Annual Report, I find it hard to believe that of 20m shares there are only 170 share holders. 170K sounds more reasonable.
    "Based on information known to us, as of September 16, 2021, 15,869,395 shares of our common stock were being held in the United States by 135 stockholders of record and 5,768,741 shares of our common stock were being held in Australia in the form of CDIs by 35 stockholders of record."
  • J
    Jay
    Toyota to invest 1.25B in North Carolina. The stars are lining up well for longs. Be patient while this volatility shakes out the weak hands.