Scandium, Cobalt, and Water Purification: CleanTeQ HoldingsA Microcap Teaser Solution In Advance !!
(Australian stock exchange CLQ, OTC pinks CTEQF).
CleanTeQ is sure to be the answer to future teasers you will be reading about from resource gurus, To save you all the trouble of solving them, I decided to write this article.
My portfolio was grotesquely overweight in gold and silver positions, and in moments of anxiety I thought it would be a good idea to diversify and take a few positions in something other than gold mines, royalty companies, Mongolian exploration companies, and small-cap copper miners with major operations in the Democratic Republic of Congo.
Thus I made a small speculation in CleanTeQ, solely on the basis that mining titan Robert Friedland was the Chairman, and CleanTeQ was the only resource company I could find that seemed to be in a position to mine scandium, a very rare metal that sells for a couple of thousand dollars a kilo.
My due diligence was so slight that I was embarrassed to emphasize my position to the readers at Stock Gumshoe. We are supposed to study these things a little more than I did for CleanTeQ. And after entering at 50 cents, the stock promptly dropped to 35 cents or so, making me glad that I did not look foolish by publicizing my position.
As the weeks went by, I started to find more information on the company that I should have found out beforehand. This was partly accidental, partly from other Gumshoe readers, and partly from new announcements and company news that occurred after I took a position. But the findings were all very positive, and because the company is so interesting I thought it warranted its own thread apart from the hard asset thread which I moderate.
I have a full long position and high hopes. And I thank Secretsquirrel, Griffin, Larry McKenna, and several others who helped fill in the missing pieces of the puzzle.
Below are my findings, opinions, and summary on CleanTeQ Holdings:
BUSINESS MODEL CleanTeQ is a hybrid company based with three bases: scandium mining and production, cobalt mining and production, and water purification. This seems like an odd combination, but as you will see, it is not. It is a stroke of genius. And I will explain why we should care about scandium and cobalt.
(1) The company is starting production of the Syerston mine, the world’s only scandium mine;
(2) The company will also produce significant amounts of cobalt as a co-product to the scandium;
(3) The company has a large-scale water purification technology, which will target municipalities,
Industrial operations with waste water problems, and mines, which also have water problems
PROSPECTS FOR THE THREE SEGMENTS
(1) Scandium is a very rare metal that usually occurs in only small amounts that are not economical to mine. It is mostly available as a by-product and the market is opaque, usually between private parties. Scandium has very beneficial applications in aerospace, aviation, and technology, but has not been widely applied because there is not a sufficiently reliable supply of it.
(2) Cobalt is essential in many batteries. Lithium gets all the investment press, but a majority of the battery formulations need cobalt, which is rare compared to lithium. Cobalt has a similar supply situation as scandium, it is mostly a by-product and is not commonly a prime mining target in and of itself. But demand for the electric energy market is growing rapidly and cobalt demand is growing and will continue to grow accordingly. Supply chains on cobalt are iffy.
(3) Water purification is a pressing need throughout the world. Cities with lots of people, industrialized places with lots of factories, or mines with waste water, all have a real and pressing need for large scale water purification. I think most people can accept this premise of widespread demand without a lot of documentation.
HOW DO THESE SEGMENTS RELATE TO EACH OTHER ? I cannot get too technical about the water purification technology, but I will try to explain what I understand, and how it relates to the scandium and cobalt operations. They call it Continuous Flow Ionization. Ionization is not a proprietary technology per se, but CleanTeQ has developed a way to implement ionization in a continuous feed, automated loop that improves volume, improves economics, is reasonably priced for installation, and can be custom-modified to specific waste problems. It can be used in conjunction with other filtration techniques. Further, it can be modified TO EXTRACT CERTAIN SUBSTANCES from the feed waste water. This is done by modifying the resins that are used in the ionization process.
Now it so happens that CleanTeQ has developed resins that can extract scandium and cobalt from waste water. So they potentially will have commercial sources of rare metals from the by-product waste of their water purification process !
HOW CLOSE IS THE WATER THING TO REALLY HAPPENING ? It is happening. CleanTeQ has signed a memorandum of understanding with a major Chinese municipality to implement their technology. There is a joint venture, 55% Chinese/45% CleanTeQ. Once the first one is up and working, China has a mind-boggling potential for water purification. For their teeming urban centers and for their mining and industrial locations, shall we say the potential is very large ?
CleanTeQ has 100% of rest of the world. CleanTeQ is closed-mouthed about other commercial sources, but they let on that they have been in contact with the likes of GE, Dow, and other big hitters. They state a pipeline target of $100 million by 2020; I predict they will do much better.
HOW CLOSE IS THE COBALT THING TO REALLY HAPPENING ? Very close. Battery useage is soaring and is the strategic target of many governments, corporations, and environmental groups. Batteries need cobalt.
HOW CLOSE IS THE SCANDIUM THING FROM HAPPENING ? This will take a while because the applications are high tech, with long lead times, and there is only one scandium mine in the world (CleanTeQ’s newly commissioned Syerston mine). CleanTeQ intends to develop the scandium market by being a reliable source of supply, and by driving the price down.
CleanTeQ will have viable margins with scandium prices up to half of current prices.
To give you an idea, the Russians made a few MIGs with scandium/aluminum alloys. They were faster, lighter, stronger. An addition of 0.5% scandium to aviation aluminum strengthens the frame, removes the need for riveting, reduces weight, and makes repairs easier. . The Russians dropped it because of costs; and Boeing and Airbus will not use it without a reliable source of supply. But there is about to be a reliable source of supply: CleanTeQ.
WHAT ABOUT IP PROTECTION ? I believe the IP and know-how moat is sufficient. CleanTeQ holds a perpetual license from a high-level Russian research organization that provided some of the foundation technology. I am not a patent lawyer and a lot of the know-how will be proprietary, not patented. CleanTeQ has been at this for over ten years, I think the barriers to entry are sufficient.
MANAGEMENT Totally a plus. Robert Friedland is the Co-Chairman and CEO, he has 20% of the company, great credibility and clout with the Chinese, and an unbelievable track record in mining. Sam Reggall is the other co-chairman. I know little about him, other than from my observations of him on an Australian investment show that aired last week. He was impressive.
MONEY AND FINANCES I don’t think there is anything at all to worry about. Friedland must be worth billions, the Chinese are in, and the concept has enormous potential.
Sources: as I mentioned, information is scant. My sources were the CleanTeQ website, presentations and and interviews with Friedland and Reggall, and the sketchy information on the brokerage sites. Nothing you cannot find on your own.
Long CleanTeQ
This is a discussion topic or guest posting submitted by a Stock Gumshoe reader. The content has not been edited or reviewed by Stock Gumshoe, and any opinions expressed are those of the author alone.
$CTEQF Prefeasibility…nickel and cobalt
LOM 39 years, “initial” operating period 20 years
NPV $891 million.
IRR 25%
20 year production:
nickel 18,730 tons per annum
cobalt 3,222 tons per annum
They show capital cost of $680 million USD,
Nickel cash cost to produce is $2.96 before credits on cobalt and any other metal
they might produce.
**
2000 pounds in a ton. Put a price you like on cobalt and nickel.
To keep things simple figure $5/lb nickel and $30/lb cobalt for starters.
This is your annual sales for nickel and cobalt.I get $187 mil for the nickel and about $193 mil for the cobalt, $370 mil subtotal.
**
COMMENTS. As usual, Cleanteq lowballs theselves. The PFS is crammed full of cushions and squeezes out all upside frosting. Here are the main bastions of PFS statistical ultraconservatism:
-The PFS mine life is 20 years. But the LOM is 39 years. And this ignores the ability to extend operations by processing second-party ore, and find or acquire new reserves. So we have a 20 year NPV for an asset that is likely to be producing for at least TWICE AS LONG.
-They give themselves an extra two years by allowing a “24 month commissioning and ramp-up” period. Note the language: they do not say it is a CONSTRUCTION
PERIOD. They say it is 24 months for commissioning and ramp-up. Comical.
-The NPV is post-tax, based on 8% discount. They are not going to pay 8% to finance anything.
–They show $680 million capex. But the capex is mostly already in the project, but is likely figured in as a cost for NPV calculation.
–No allowance for scandium…and if you get out your magnifying glass, you will see in footnote 5 it you will see there is no allowance FOR ROYALTIES.
That’s a good thing, because the second autoclave could be used “to increase recovery rates by permitting longer residence time” of the slurry in the autoclaves. Sure. Why would anyone want to double production, or make commissions and royalties, when you can push your recoveries from 94.2% nickel to 96.2% ?
–Price assumptions are $7.50 nickel and $12 cobalt. Wouldn’t want to get anyone thinking about $10 nickel and $50 cobalt. They might get too excited.
**
This is crazy. Most companies flim-flam you with doctored data and outlandish forecasts to make you think their company is worth more than it really is.
Cleanteq does the opposite. They try to hide the value of the company and make it look like it is worth a lot LESS than it really is.
But I am not falling for it. They are not fooling me !
—
$CTEQF pre-feasibility study: Don’t quibble over the NPV for cobalt and nickel.
Remember that in addition to a grossly understated NPV on cobalt and nickel,
you are getting the water purification business, the virtual mine portfolio of Clean iX metal extraction, whatever future value you want to put on the scandium, and
whatever price appreciation you think is going to come from cobalt and nickel for the next 40 years.
Long Cleanteq.
We are up to 5,000 tonnes per annum cobalt after the latest upgrade, and those are metric tonnes, which equals 2200 pounds approx. The correct numbers are closer to my calculations I posted a day or two ago, which are almost double yours.
renby…Thanks. I’ve been wondering if they were metric tons.
mailchi.mp/visualcapitalist/nickel-battery-revolution?e=fbaf4b57b3
Nickel: The Secret Driver of the Battery Revolution
Lithium and cobalt deservedly get a lot of the press, but there’s also another metal that will also be changed forever by skyrocketing EV demand.
By mass, there is more nickel in EV lithium-ion battery cathodes than any other metal.
Learn about nickel’s vital role, and how the demand picture could change as EV penetration ramps up.
secretsquirrel….Yes, I have been saying this. Notice in this link that the Tesla battery cathode is now approximated at 80% nickel, 15% cobalt, and 5% aluminum.
http://www.cbltinc.com/assets/vital-metals.pdf
I’m sure the Tesla battery cathodes used to contain a higher percentage of cobalt but it’s now being progressively thrifted, partly because of cost. Nickel, in the form of nickel (II) sulphate is the prime beneficiary. The demand for copper wiring will also soar as EV production ramps up.
“Nickel: The Secret Driver of the Battery Revolution”
Nickel is a secret ? The next “secret ” will be a mysterious red metal.
We’re flying through the roof in Oz like Dorothy and Toto.
“We’re not in Kansas anymore, Toto.”
I just remembered the denouement, when the Wizard of Oz was discovered to be
an old guy in slippers shuffling around while he ran the media controls on a control console for voice amplification and sound effect machinery.
He was hidden behind a curtain. Remember ?
May be time to rent the film again. New perspectives make old classics relevant.
That is why they are classics.
AUZ/CLQ – https://smallcaps.com.au/australian-mines-maiden-resource-flemington/
AUZ grows in speculative appeal; just remember JRV, which owns the Flemington property on which AUZ has an option. JRV, in my opinion, should be considered by anyone going into AUZ.
I sort of felt a little disoriented when reading the link. The resource report is on Flemington, but the company is pitching Sconi.
No position AUZ or JRV.
Interesting reminder of the CleanTeq proximity! And good timing on the call from Williamstown and you – from a low price leverage from less than $.013 (?)US when to ~$.08 (so far) yields a very nice return percentage.
deanbob…true but remember they owe a big payment to the owner of Flemington (JRV), and JRV will get a royalty for the life of mine.
If AUZ were to fail in its financing, JRV still owns the Flemington asset.
I do not think this is likely; but if I were going into AUZ I would also go into JRV, which is a speculation of its own merit irrespective of whether AUZ exercises the option on Flemington.
“AUZ exercises the option on Flemington”
I think that’s a given, my thoughts re position is hold till doubles to 20 cents then half out, put into CLQ after taking a view on both of course…
CLQ is just such a long term solid company that it’s hard to have enough shares, that’s greed eh?
SS…”greed “? Who, moi ?
Please, don’t be so pejorative to us little private investors. I’m just an ordinary guy trying to pay off my mortgage, credit card bills, back taxes, and medical expenses. It would be nice to have something left over. I’m not greedy !
How about “It’s hard to have enough shares, to maximize the return on a speculation we shrewdly have identified as having exceptional reward-to-risk proportions. That’s being decisive and confident in investment strategy, eh ?”
CLQ is just such a long term solid company that it’s hard to have enough shares, that’s greed eh?
Probably not made clear but the above was very tongue-in-cheek btw.
SS…no offense was taken.
HN just as important is backing your own DD – yourself – and your own convictions.
For sure. Otherwise you have no convictions. You are just buying because someone else said to, and you can get shaken up and shaken out too easily.
ss I was thinking along the same line; but after reading article chas2411 posted a link to, I may rethink that – esp if $AUZ has enough scandium to process. I will be researching more of the other companies near $CLQ/Syerston.
Please excuse me a small rant re greed. There is a large and growing group of Anarchist / Marxists who view any gain or profit as greed.
Greed is properly defined as the desire or lust for something you have no entitlement to or ownership right.
That makes them the greedy ones as they wish to take the earned wealth of those whose labor and talent produced it and enjoy it as their right.
Accumulation of wealth is an overall good as thus you provide for yourself and family and are in a position to help others in need. Note I said need not want and that does not apply to more than the essentials to sustain life. Certainly not a life of ease and even luxury for those who are unwilling to work for it and want guaranteed income from some provider.
Seeking more wealth should be encouraged for the common weal of the community of humans as only by those means is enough produced for all. Wealth does not fall from the skies but must be produced by the labor and talent of humans from the bounty of this earth.
Pooling our goods or wealth to invest in production of more goods is a need and any reward we gain is justified by the risk we take. IMO
There is a moral/immoral side (9th order of perception where sentient beings struggle to resolve problems) to this issue that manifests in a big way. Doing the work to identify speculations that have what it takes to maximize ROI is no small task. I get as worn out from conducting DD as I do from physical labor and I know first hand because I am doing both today. The goal is the same: comfort and personal satisfaction, and contributing something of value to all. “All” would include yours truly. I doubt anyone here has the ability to manipulate outcome beyond ones exposure to personal risk. Going large in any given position and sharing that risk with others gives evidence of ones faith in his or her choices and ability to identify the most likely to succeed. Buy to your hearts content IMO. On another note I bought $NGPHF at around $.7 in 2014 and hung on till earlier this year where I sold at $.27, got tired of it and lost faith. This past week volume has been on the huge side, looks like there is life in Northern Graphite after-all but I am not holding. Take a look at it, there could be some dips on this $2-$3 stock (my estimate). Best.
Cobalt speculations….I decided that for cobalt at Syerston, I will focus on building and protecting my Cleanteq position, and maintaining my smallish Platina position for raw real estate.
For additional cobalt exposure, I went with EUC. It’s astonishing that I am concerned about “diversification” with respect to penny stock cobalt speculations. But with the capital I have, it just seemed better to get a little geographic and corporate diversification. I was more comfortable getting the very best European cobalt speculation, than the second-best one at Syerston. It also detracts that I feel the need to take a position in two obscure tickers (AUZ+JRV) to cover the bet. Others may feel differently, of course.
All credit to Billville (EUC) and Ben (JRV).
I have no position in AUZ or JRV.
Long CTEQF, PTNUF, EUC
No position AUZ, JRV, though favorably inclined.
September 2017) online:
[6] El Mercurio Online, “Las Opciones de Chile para Explotar Cobalto, Reafirmar su Liderazgo Minero y Mover US$1,000 Millones Mas”, (25 August 2017) online: http://www.emol.com/noticias/Econom…r-su-liderazgo-minero-y-mover-US1000-mas.html; CORFO, “SUMMIT Relaves Mineros: Los Yacimientos del Futuro”, online: https://www.corfo.cl/sites/cpp/actividadevento/02-08-2017_summit?resolvetemplatefordevice=true; CORFO, “Lanzamiento Programas Tecnologicos de Mineria en Relaves”, (20 January 2017) online: https://www.corfo.cl/sites/Satellit…oticiaNacional/corfoDetalleNoticiaNacionalWeb
[7] Agencia Chilena de Eficiencia Energetica, “VPE de CORFO, Eduardo Bitran: “Con Cobalto, Cobre Limpio y Litio tenemos una Nueva Mineria y Manufactura”, (29 August 2017) online:
http://www.mondaq.com/x/636022/Mini…g Electric Car Industry Whats Next For Cobalt
$CLQ $CTEQF Cleanteq Holdings…new highs in early OZ trading.
$1.56 Ozbucks
“We’re off to see the Wizard… the Wonderful Wizard of Oz !”
Long Cleanteq
$CLQ $CTEQF……October 30 Positive price action, strong bull signal in OZ; possible explanation for technical action
The price and volume action for Cleanteq on Tuesday was very strong and unusual.
Technically the price action on candlesticks was a bullish “shaven head” straight-up
move that opened at or near the low of the day, and ended at the high. The move decisively penetrated the recent all-time high and there is no overhead resistance in sight.
What is noticeable to me is that the move up occurred early in the day, and the price stayed in a narrow range for the last several hours of the day. There was no volatility after the move up was established.
I interpret this to mean that even at the new highs, there is not selling pressure.
Unfortunately I could not see the hourly volume action, so this is a conjecture.
But I think the existing holders of the stock know that it is going places, and are not jumpy about taking profit.
On the “buy” side, I think the very tight price range for several hours at the end of the day indicates that there are larger players entering who have entered limit bids
at or near the current price. This would explain the chart action very nicely.
It is interesting that the price level is now in the neighborhood of the NPV of the nickel/cobalt PFS…somewhat underneath it, but a similar order of magnitude. This suggests the idea that larger investors or institutions see it as viable, provided they can buy at a discount to the recently published NPV. Someone may have
an algorhythm or strategy that says, “It’s OK to buy if you are buying at X percent below a credible NPV.So limit bids up to Y are OK.
Another clue is that the move occurred at the end of the month.
This also supports the idea of larger funds moving in, because they don’t want to look like they “missed the party” when their month-end holdings are published.
**
I am not in the least bit tempted to sell or reduce my position. If there is what I perceive as a real mania and unsustainable spike, I might be tempted. But if we consider carefully the potential of this company, I am inclined to think any near-term selling will probably be a long-term mistake.
**
We have a consensus that a big announcement is imminent. I am totally persuaded of it,
and suspect there will be a bombshell no later than after close on Friday; possibly as early as Wednesday in conjuction with the AGM. But even if there is no news on Wednesday, I see no reason to sell. We are still in the face of any number of potential catalysts expected within the next three or six or twelve months. Or tomorrow.
For sure, one should wait to see what it was that caused Robert Friedland to cancel a keynote address at a trade conference, and was important enough to have Sam Riggall yanked from his own AGM to meet in London with The Master and other parties unknown during the LME conferences.
**
Friedland lives in Singapore. Riggal is in Australia. They were to speak at company and trade events in Australia, but instead (allegedly) flew to London.
They didn’t cancel their plans for a London theater opening. You can bet on that.
The price action has been beautiful, and if it keeps going, it may get out a bit in front of itself. But way too early to trim anything IMO, we just getting started. I may slide into second with a double today, but looking for a home run with this one. When it hits US$2 I’ll pull back the house I put up. We are right now where I projected and hoped we would be year end, and projecting $2 somewhere around 12-16 months from now, it could come earlier.
Agree, way too early to think about selling.
The move is on NO NEWS.
Why would I want to sell today on no news, when I think the next year is going to be full of good news…starting even tomorrow or by the end of this week ?!
$CTEQF Cleanteq…Comic relief during blast off !
When I go onto my Charles Schwab site and call up the company, the sector that it is associated with is “Commercial Services and Supplies.”
“Clean TeQ Holdings Ltd CTEQF OTCQX International OTC
Commercial Services & Supplies”
I guess it’s because of the water purification. Shows you how unknown the company is and how difficult it is to categorize it. Meanwhile the only people in it are nickel and cobalt bulls, but it is not even listed as a miner or basic materials company.
Thus it is lumped in with a hodgepodge of janitorial service companies, commercial Dial-a-Maids, parts suppliers, Waste Management, and landscape maintenance companies, and whatever else they have in there.
**
The Miscellaneous category is not a very hot investment sector…til now.
I can hear the talking heads and analysts:
“The Commercial Services and Supplies sector has awakened this week, led by Cleanteq Holdings, which provides clean-up and rehabilitation services for coal-fired power plants, mines, and toxic waste sites.”
New ( at least to posting ) Gummie here. I’m more of a reader than poster. Long on ears and short on mouth…. as my Grandpa used to say about the learning process in life. LOTS to listen to here ! Much appreciation to all the contributors of this thread. I was wondering if anyone had read the Quarterly Activities Report from the Clean TeQ news web page dated 10/27/17. Page 2 of the report caught my ear… under the Maiden Offtake Agreement header, about Easpring possibly acquiring a 25% interest in the Project at Syerston and that the two will investigate the potential for a partnership in downstream precursor and possibly battery cathode production at Syerston. With discussions on going at this time. Did I miss this somewhere in this thread being mentioned ? If so, I apologize for bringing it back up. Here is the link and you may have to copy and paste since I am new at this http://clients3.weblink.com.au/pdf/CLQ/01913374.pdf ..Cowboy
The possibility of Easpring taking equity and opening a cathode plant in Australia was noted with excitement at the time of the off-take agreement.
Best idea for newcomers to really get up to speed is to read the opening essay, scroll through the thread; also, go through the Cleanteq and Cleanteq Water website.
It might take an hour or two. But if you are thinking about a taking a big position in Cleanteq, what else do you have to do that’s so important ?
Also this little link was good reading on CleanTeQ http://www.smallcapnetwork.com/Clean-TeQ-Market-disrupting-Metal-Alloy-will-transform-the-Transport-Industry/s/via/8996/article/view/p/mid/2/id/34/ ….Cowboy
Very good article out on Smallcapnetwork on CleanTeq, especially about Scandium,
They seem to have a really good catch in having Dr. Tim Langan on the pay roll,
http://www.smallcapnetwork.com/Clea…dustry/s/via/8996/article/view/p/mid/2/id/34/
also some relevant slides from yesterday’s LME meeting on a consensus poll of Copper, EVs, Nickel forecasts
LME (@LME_news) _ Twitter.html
LME (@LME_news) 6_ Twitter.html
LME (@LME_news)4 _ Twitter.html
Hope the links open OK
Sorry hope this link works
http://www.smallcapnetwork.com/Clea…dustry/s/via/8996/article/view/p/mid/2/id/34/
I will type out the consensus results
Links did not open. Small cap network articles mostly on technical indicators.
Try this
http://www.smallcapnetwork.com/Clea…dustry/s/via/8996/article/view/p/mid/2/id/34/
chas, the link from the stockgumshoe email opens fine for me; but the link in the post above does not. The article was really eye opening for me. Thanks for the link – a must read (IMHO) for all CleanTeq holders or watchers.
Poll at LEM meeting
Price of copper by end of 2018
A. Down less than 5%——12% of Poll
B. Down 5-10%————-18%
C. Down more than 10%–15%
D. Up less than 5%———23%
E. Up 5-10%—————-17%
F. Up more than 10%——14%
Price of nickel by end of 2018
A. Down less than 5%——7% of Poll
B. Down 5-10%————-6%
C. Down more than 10%–3%
D. Up less than 5%———25%
E. Up 5-10%—————-33%
F. Up more than 10%——26%
How many EVs’ in 10 years time
A. As now approx 2 million —-2% of Poll
B. 4 to 8million——————16%
C. 8 to 12 million—————-61%
D Nearly all———————-21%
CleanTeq link
linkhttp://www.smallcapnetwork.com/Article/s/via/8996/article/p/mid/2/
Two more links to try
http://www.smallcapnetwork.com/Clean-TeQ-Market-disrupting-Metal-Alloy-will-transform-the-Transport-Industry/s/via/8996/article/view/p/mid/2/id/34/
or their web site
http://www.smallcapnetwork.com/Onthemarket/s/via/8996/
Thanks, Charles.
Good info about Dr Scandium, and great color on points that have been touched on.
You are preaching to the choir about Cleanteq. Articles like this are helpful to get the word out to a wider audience about Cleanteq…to a degree, since that the article is slanted toward scandium.
The consensus seems to be that Cleanteq is currently gaining support and acting first like a nickel and cobalt supplier, as these present immediate commercial opportunities; second, as a mineral extraction/water purification company, also with immediate large scale opportunities; and third, as a long-term dominator in the scandium business.
We are totally in tune with scandium as a potential disruptive metal, but realistically we think that this will take longer to develop than the other segments and take longer to have an impact on Cleanteq’s stock price. Cleanteq itself acknowledges this by presenting itself in its PFS as a nickel/cobalt project, and not assigning any value at all to their scandium.
As a matter of fact, an investor might be misled by thinking that Cleanteq is primarily a scandium mining prospect. This happened to me, I was looking for scandium suppliers and stumbled on Cleanteq.
Scandium will be great for Cleanteq
long term; but honestly with everything they have going for them, they could do fabulously without any scandium at all.
What conclusions do you draw from the polls ?
I think, and I am no expert is that the copper poll is underestimated (lots of copper in EVs) and that the Nickel poll is probably more realistic to my thoughts. Everything depends on the uptake of EVs worldwide and the timescales. I think the EV numbers are underestimated.
China reports that they will have 5M EVs by 2020
BP projects worldwide 140M by 2035
BHP Billiton projects 100M by 2035
Not sure if these numbers include motorbikes etc
How quickly can governments get the infrastructure for widespread usage? It looks like inner cities will be tackled first. RF is obviously well ahead of the game and seems to have been working on this for a much longer time period than I first thought. Selling the concept/raw material supply/evaluation etc. Another variable will be the battery composition used different EV manufacturers seem to be going down different roads including Hydrogen cells. How much Cobalt will be used?
I feel that Nickel will be my spare cash investment for 2018. What we need is a Nickel mountain! ? any ideas.
Also BHP Billiton are investing in a mega Co/Ni sulphate factory in Australia, bit of competition for CleanTeq.
I can understand Scandium alloys taking a long time to production for aviation but not so sure as to why this would be the case for EVs. I am sure RF has this well covered. Lighter weight, increased battery life , 3D printing EV panels/shells etc, reduced cost faster delivery, savings passed on to consumer, more uptake. (?wishful thinking)
Finally thanks HK for your excellent blog and getting me interested in this whole subject which I have really enjoyed reading about.
Lang may yer lum reek
Try this link http://www.smallcapnetwork.com/Clean-TeQ-Market-disrupting-Metal-Alloy-will-transform-the-Transport-Industry/s/via/8996/article/view/p/mid/2/id/34/ Cowboy
Clq Asx AGM presentation on their website currently at $1.67c aud
$CTEQF – Dear Clean TeQ News Subscribers,
Market commentator Dr John Faessel has recently released a report highlighting Clean TeQ and the potential for scandium to transform the application of aluminum to the aerospace, automotive, marine, and rail transport industries.
https://gallery.mailchimp.com/6b234a59bc4b0bc555986937a/files/17e9595b-cebb-4faa-b7ab-fec590920845/CleanTeQ__Scandium_report_10_29_2017.01.pdf
$CTEQF long
$CTEQF AGM presentation…a few notes
Syerston DFS for mid 2018, expect construction soon after.
They have a gold mine negotiation in PNG. It is probably with Barrick for Porgera.
Graphene presentation is highlighted. Good call-out on Ionic.
Friedland inches sfractionally ahead of Pengxin in ownership.
Very high concentration of management and insider ownership, about 40%.
ALL SYSTEMS GO !
How about those autoclaves !?
Cleanteq halo effect…lots of good moves in Aussie juniors but the “halo effect” of Cleanteq is especially strong on Platina, which hit 20 cents overnight.
Ardea also up 12% overnight, and up close to 40% in the 3 weeks I’ve owned it. I think they are the second best cobalt play in the world. But like all the Australian cobalt/nickel/scandium plays, the game has already started, and its the 3rd inning. If you’re not fully loaded up, you’re late.
$CLQ $CTEQF…technical price action….this is the second day in a row where the price action in OZ follows the pattern: An early jump to a new level, then constant maintenance of that level in a very tight range for the rest of the day.
As posted earlier, I suspect this is accumulation by larger investors who have set progressively higher limit bid levels, and are scarfing up any and all shares of willing sellers at the limit price.
Cleanteq is approaching one billion market cap. The field of possible investors is going to get a lot larger, and the public float not held by insiders and management is only about 60%.
Staying long with 100% of my overweight position. I added to it as late as Tuesday morning.
Re market cap. $AU 1 B $US 760. Million
I interpret the action the same way as you. Seems like a classic accumulation by big money. The volume has been high, and the buyer buying up everything at their limit price, keeping the price stable. Seems like it isn’t over, so tomorrow we see if we keep on going. Its been a great ride already.
There have been five days recently with this type of daily action.
Big money finally moving in. Also…do you detect a little price leap-frogging between US and OZ ?
CleanTeq
It was news to me that the welding problem with scandium has been solved by using laser welding. Lasers are likely also then being used in the 3D printing process of ScAl alloy. Did you notice that printed cage in the VW pickup does not seem to be for engine transaxle unit but is likely for a battery pak? Strong and rigid backbone upfront for passenger protection and easy service, unlike Prius which requires body removal from floorpan frame to service/replace batteries periodically for about $8,000.
Scandium could/will likely be used in motors incorporated into wheels of EVs to keep the unsprung weight down, which has been a big problem with wheel/motors.
Scandium is likely to be a huge and fierce competitor with nanocarbon technology/Graphene in light weight tech.
Russia and US have been using Scandium for only about 25 years due to high cost and it is already indispensable in hi performance military planes, some of which will need robot pilots as G-forces generated in turns would kill any human.
Scandium reminds me of early days of WahChang in Albany Oregon where titanium recovery was transformed into manufacturing process and Precision Cast Parts in Portland Oregon developed spin casting to make its use essential in all modern Jet engines.
Coal slag heaps as well as ore tailings are likely source of Scandium in future using CLQ technology A weed is a plant we have not discovered a use for,
and waste /pollution may become valuable assets soon. IMO
“… that printed cage in the VW pickup does not seem to be for engine transaxle unit but is likely for a battery pak?”
great call-out…I saw it, it looked strange, but didn’t give it more thought !
One of those in-your-face Cleanteq hints that didn’t register…
CleanTeQ AGM Presentation, November 1, 2017.
https://www.otcmarkets.com/ajax/showNewsReleaseDocumentById.pdf?id=28036
Lots to enjoy here!
Near-Term Objectives: Page 19
Regards CLQ/AUZ, thought this was worth a post?
https://hotcopper.com.au/threads/you-must-read-this.3806277/#.Wfm9FIhBo2w
Long CLQ.
long AUZ
Long PGM
Regards cobalt, took a Long position in BLINA MINERALS NL
at 2 cents.
SS BDI ASX, has an excellent chance of making you money just by following the current hype of cobalt stocks, and at .002caud, you haven’t much to lose.
Could be a bargain speculative trade at this stage.
Yea williamstown, riding the wave perhaps, but grades good, don’t know to much about Chile though. I think most countries need the revenues from this new EV revolution. Could as you say be very good which is why I’m in…..and now!
From a HC post:
La Colbaltera district produced 900 tonnes of Co at 6.37% Co and exported high grade ore at 18% cobalt. There are structures up to 20 metres wide which are mineralised with cobalt and a regional fault 70 KM LONG which could be associated to this cobalt mineralisation . There are new copper cobalt plays in the area which could results in big tonnage at good grade, average grade 1.75% Co.
SS BDI Asx NP I’ve a friend who loaded up with them just to trade hopefully on the way up.
I’m not a trader, and don’t hold, but in the current environment could prove to be great returns from a long shot.
All the best with them.
Squirrel, very good link to the hot copper mining guy. He discusses a lot of details that we wouldn’t otherwise have. Clarifies the issues at hand.
He identifies the key issue, which is whether Cleanteq will buy out AUZ to control the entire orebody
I trust his basic facts, but I have to say that I do not necessarily agree with his conclusions.
Yes well wanted you to see it over. The poster in my opinion is a bit of a wild card, a real Aussie, talks a lot about magnums, not sure what that is, maybe an ice cream lollipop?
That said, he’s quite a knowledgeable bloke regards AUZ.
He sure is. His post was the first time I saw anybody discussing the angle of ore excavation declines at property tenement borders.
In the case of AUZ and CLQ it is a relevant topic.
Hope you didn’t pay two cents ($.02).
The quote I checked was two-tenths of a cent ( $ .002)
No position
In early morning trading, CTEQF +9%, ARRRF +14%, PTNUF +45%. Whose been hammering you on Australian cobalt? What did HN call it? Renbyvision or something like that.
PTNUF long, volume only 36000 shares or about $4000.00 worth. Would like to see a lot more volume than that to sustain price.. But will take it
PTNUF Long
Cleanteq Long
IVN Long
Somebody put in a market order and got scr$wed. No sellers at low prices.
We need to learn from the big boys. You put in a limit order at decent prices and just “hoover up” whatever is hanging around that people want to sell.
PTNUF is really really thin.
You beat us black and blue. Mostly blue.
Thanks !
Here is a new use for Cobalt HN https://www.sciencedaily.com/releases/2017/10/171030134637.htm
Great. If there is a move to hydrogen fuel cells someday, maybe cobalt will still be useful.
CleanTeQ….what could this be?
https://hotcopper.com.au/asx/clq/
Release Date: 02/11/17 09:35
Summary: Application for listing on TSX and project name change
Price Sensitive: No
The announcement content will be available in 15 minutes at 09:55
Release Date: 02/11/17 09:41
Summary: MLAs appointed for debt financing facility
Price Sensitive: Yes
The announcement content will be available in 18 minutes at 10:01
Clq Asx US$ 375 M re debt financing of its Sunrise holdings in NSW
What are the Sunrise Holding ?
https://gallery.mailchimp.com/6b234a59bc4b0bc555986937a/files/317b7658-7477-49ce-86bc-2bcb7278d74e/20171102_TSX_Application_Project_Name_Change_final.pdf
New name for the Syerston world cobalt supply center.
Heck would you guys in OZ [please find out and let us know ?!
We sure don’t get anything about it over here !
Application lodged for secondary listing on TSX Project renamed Clean TeQ Sunrise Mr Robert Friedland and Mr Jiang Zhaobai, Co-Chairmen of Clean TeQ Holdings Limited (Clean TeQ or Company) (CLQ:ASX; CTEQF:OTCQX), and Mr Sam Riggall, Chief Executive Officer, today announced that the Company has lodged a formal application for a secondary listing of its ordinary shares on the Toronto Stock Exchange (TSX), Canada’s preeminent stock exchange and one of the world’s largest and most liquid exchanges. The Company’s ordinary shares will continue to trade under the symbol CLQ on the Australian Stock Exchange and CTEQF on the United States OTCQX Exchange. Co Chairman Mr Robert Friedland noted, “We are seeing a significant increase in the level of North American investor awareness and interest in Clean TeQ. A secondary listing on the TSX will provide improved accessibility and liquidity for a broad range of retail and institutional investors in Canada and the US.” Recent feedback from investors in Canada and the US indicates very strong interest in the battery materials sector and in companies such as Clean TeQ, which offer direct exposure to world-class upstream assets and proprietary processing technologies. A dual-listing on the TSX is an outstanding opportunity to raise the Company’s profile in the North American market and will enable a substantially larger pool of investors to invest in the Company. In recognition of the growing global profile of Clean TeQ and its Syerston Project, the name of the Syerston Project will be changed to “Clean TeQ Sunrise” (Project). The new name signifies the change in focus of the Project as an emerging global source of cobalt sulphate, nickel sulphate and scandium, and provides a strong connection to the local area. Sunrise is the name of a property located to the south-west of the project area which is owned by Clean TeQ. Co-Chairman Mr Jiang Zhaobai commented: “We are delighted to be announcing the re-naming of our Project to the Clean TeQ Sunrise Project. The name not only recognises our connection to the local area, but also the significant progression in the life cycle of this Project under the ownership of Clean TeQ. Clean TeQ Sunrise is emerging as a key and highly strategic source of high-quality raw materials for the
CLEANTEQ BOOM. TSX secondary listing. and financing for Syerston in one daily double-whammy.
NB: Co-Chairman Mr. Jiang Zhaobai made the announcement. As predicted !
NB: They OWN the Sunrise property. I’ll bet this is the parcel that is going to have the processing plant on it !
“SUNRISE…HOME OF THE AUTOCLAVES !”
I’ll be up late, watching the ASX.
$AUZ trading halt pending news, November 2
TRADING HALT
In accordance with ASX Listing rule 17.1, Australian Mines Limited (“Australian Mines” or “the Company”) requests a trading halt for its securities, pending the release of an announcement with regards to a share placement to institutional investors in the United Kingdom, Hong Kong and Australia.
The Company requests that the trading halt end on the earlier of the commencement of normal trading on Monday 6 November or when the anticipated announcement referred to above is released to the market.
The Company is not aware of any reason why the trading halt should not be granted, nor of any other information necessary to inform the market about the trading halt.