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.
#Sc $CLQ.asx $ARL.asx #AirBus $EPA:AIR #$BA $LMT $UA
#LuckyMan > https://youtu.be/37e6_hdVonk?t=4109 & #FatherChristmas
#TheVeryBest2All 😉 @PARKinnovAARE follows @H0U3 😉
https://www.youtube.com/watch?v=k0tqrpsYEL4&t=3403s
You opened a door covered with cobwebs and thick dust rubberworm. The hands down best shower in our compound was in our dog kennels. After 21 days in the bush we had to return to DaNang for veterinary care for our Scout Dogs. We had kennel duty for a few days feeding, cleaning runs, and generally hanging out drinking $.10 beer and smoking dirt cheap weed. There was a permanent reel-to-reel somebody left behind that played almost endlessly more than a few of these gems. One was by Smith from an album titled A Group Named Smith that was on every reel, sometimes every 3rd or 4th song. Your post brought tears to my eyes bud, thanks for the emotional reminder. Got to admit it makes me want to dig in, shoulda been a miner Just hanging in the back ground reading. Best.
$CTEQF – Accommodation facility secured for Clean TeQ Sunrise construction
http://clients3.weblink.com.au/pdf/CLQ/01929707.pdf
CTEQF long
They going to have everything built before FS comes out LOL
Correct. The FS is window dressing. All it will do is make the lenders fight over landing deal to get part of the financing package.
They are moving full speed ahead. They have stated this in so many words often enough.
This is similar to the autoclave announcement.
Why do you think they would be making a news release about buying a second-hand, disposable dormitory for 300 people ?
Loving it. AUZ makes announcements about trading halts and Hong Kong investor conferences. Cleanteq makes announcements about lines of credit and procurement of essential equipment and infrastructure for the mine they are in the process of building.
Meanwhile GGI can’t get a news release into print about a few friggin’ drill assays.
$CTEQF There are some very good details in the announcement.
Such as: The delivery and installation of the camp is going to be “in 2018”.
Such as: A “regional operations center” for the Sunrise project is being built. Does any other cobalt speculation, or any other mining speculation you have ever considered, have a REGIONAL OPERATIONS CENTER in its plan ? Why does a mine need a Regional Operations Center ?
For what ? What “regional operations” ? Shipping ore and finished products back and forth from other suppliers ? Shipping cobalt and nickel sulfate to a new local battery factory ? Exporting finished mineral products? What regional operations are envisioned ?
I don’t think the Regional Operations Center will be built to co-ordinate bingo games for the factory workers. They can do that in the mess hall
they are building from the Lego Ready-to-Assemble Mine Camp they just bought.
Long Clean Teq.
Long Platina. No position AUZ. Platina and AUZ are “in the region” but I do not like AUZ.
$CTEQF Regional Operations…I have asked Mr. Glass of IR “For what purpose does a mine needs a regional operations center for ?”
My imagination is pretty superheated on this. There may be an innocuous explanation the plunges me into disappointment and
nagging residual scepticism, like the situation with the turbine graphics in the video presentation where I developed an entire imaginary range of scandium alloy mining equipment and heavy trucks based on the impression that they were going to use scandium alloys in the construction of Sunrise.
**
I am expecting a bland answer like “Co-ordination of commuter ride-sharing, day care and job opportunities. But the bingo games will be in the mess-hall.”
But then again, he my be evasive and say something like “We have a number of potential operational and logistics challenges that we think will are best served by an off-site operation. But we are not able to divulge the precise nature of them at this time.”
Of course this will be a dead giveaway that there is going to be a battery factory built there, or they are going to have a separate
ore-and-sulfate transit operation involving other properties, or something else we haven’t imagined.
Regional operations center? Sounds like a business office. I wouldn’t get too excited.
Sounds innocuous, all right. But why have one ?
My guess: Place for on-site executives and secretaries to have their offices, reception, meeting rooms, etc. Basically a business office with a fancier name. But who knows everything they may be planning?
There a lot of plausble and ordinary functions possible. But why have we never seen such a thing for any other mining project ?
Sunrise is not an especially large project.
We see big projects with no infrastructure go from study to completion without “regional operations offices.”
PVG just built a 500 person mine in the middle of nowhere without one. Explorers and developers build quonset hut and tent communities, for the site workers, it’s not big deal that warrants a news release.
It’s not like there are no communities in the area. If they needed some office space they could rent some or lease a couple of trailers.
So I say, “Something unusual is up.”
This will be used” 300-person accommodation facility to support the construction phase.” Not a good idea to have the tradesmen building this plant driving hrs each day just to get to jobsite. I would guess if set up right tradesmen would be working in shifts around the clock and long hrs . And this should cut down on the DWB drinking while building. It is a great idea to move the project along fast and safe. I say it is great news
It is great news. Like the purchase of the autoclaves.
This project is happening as fast as they can make it happen.
Normally if a dormitory is purchased it is for several to have a place to sleep.
Calling a mining camp a regional center is flowery but plausible. Workers cannot be expected to use a bedroll next to their digging site like 1849 California. 🙂
Arch1…the camp and the Regional Operations Center are different, as I read the announcement.
Bunkhouse for miners and recovery unit at sunrise project. Work. eat ,sleep; repeat daily until you gt a few days in nearest city/town???
The Port-a-Camp and the Regional Operations Center are different.
The Regional Operations Center will be in Parkes.
The Port-a-Camp is going to be in the outback near the project.
They are being conflated because they are mentioned in the same announcement. But they are different, and the functions of a Regional Operations Center in Parkes are still subjects for our intense curiosity.
I understand perfectly the use of a Port-a-Camp.
It is not so clear to me why they need a separate Regional Operations Center in Parkes.
It seems to me like they slipped it in there in such a manner as to disclose it, but not to draw too much attention to it.
$Cobalt Blue #COB.asx Market Announcement 04-Dec-17 21 Pages:
https://www.stockgumshoe.com/2014/10/microblog-wow-you-guyz-and-galz-are-incredible/comment-page-2/#comment-4962695
$COB No auotoclaves or worker dormitories on order, but they are in New South Wales. I suppose they can eventually be members of the New South Wales Cobalt
Regional Operation and Co-operation Center being organized by Mr. Big.
$COB no position…promising geology, but their own timetable schedules construction decision and mine financing for second half 2019.
$SIE.tsv 04 DECSienna Resources to acquire the Slättberg Cobalt-Nickel-Copper Project in Sweden
Written by Sienna Resources Categorised News http://www.siennaresources.com/2017/12/04/sienna-resources-to-acquire-the-slattberg-cobalt-nickel-copper-project-in-sweden/
CBS ethical cobalt news,,,, Congo’s child labor spurs demand from Apple, Tesla for ethically produced cobalt https://www.cbsnews.com/news/congo-child-labor-apple-tesla-cobalt/ First Cobalt focused on… 1st production at least 5 years, China cornering market, buying up largest mines in the Congo…
Best2ALL
China will value the political stability of its population, which is sick of air pollution and wants to get rich, over any humanitarian concern about child labor provided by black children in the DRC.
QED…you can be sure that China will greatly appreciate buying up Congolese cobalt at cheap prices and not be too concerned about the sources of the cobalt in the cars they sell to the domestic Chinese market.
Unfortunately it also creates more potential for market influence by state interests, in this case Chinese state interests.
China gaining position strength in DRC is extremely logical from their point of view, and of mixed and uncertain impact to us as investors.
China has an increasing stake in the political stability of the DRC, on the surface positive, but China might protect that interest in ways that lead to tension with other powers. They want stability, and probably do not care who is in charge as long as they can get their minerals out. My guess is that they would support an extension of Kabila’s rule if they perceive it as in their interest.
China is purchasing in-ground assets cheaply, made available by investor fear and humanitarian political concerns in the U.S. and Europe about ethical sourcing, in particular of Congolese cobalt.
**
We had over half a century with the Belgian Congo. The Belgians had a major pecuniary interest in Congolese minerals and didn’t care too much about anything else. Looks like we are headed towards a period of the Chinese Congo, based on the similarity of current Chinese and prior Belgian interests.
**
Chinese economic and political clout is rising visibly and rapidly.
They have been in the process of acquiring hard assets world-wide with all those dollars we export to them for flip-flops at Walmart and hardware at Home Depot. On this thread we have seen their buying spree in hard assets, and noticed their purchases in Canadian, Australian, African, and South America.
In addition to liking gold, real estate, and hard mineral assets, they also have very strong positions in various cash-generating businesses and those that are influential in shaping public opinion such media and entertainment industries.
“In addition to liking gold, real estate, and hard mineral assets, they also have very strong positions in various AMERICAN cash-generating businesses and those that are influential in shaping public opinion such media and entertainment industries.”
I meant to mention acquisition of AMERICAN assets as well as Canadian, Australian, African and South American.
G88 & VMS ASX swinging around, not for the faint hearted, awaiting further info from G88.
NP High Risk, potentially High Reward – should be clear before Xmas hopefully.
VMS should run if G88 results are good.
$LNCZF long – Sama Resources Has The Friedland Factor SA link:
https://seekingalpha.com/article/4129439-sama-resources-friedland-factor
Dec. 4, 2017 12:13 PM ET|3 comments| About: Sama Resources Inc./Ressources Sama Inc (LNZCF)
I did pick up a few shares today. Have bud who is very smart. Part of his thoughts on Sama …”Very shitty country but I guess if anyone can navigate danger it’s RF. I think it’s lotto ticket stuff from I can tell. Maybe big, but far from proven.” So I guess I got a lotto ticket.
Better odds than a lotto ticket and a payoff that isn’t as large.
And it is not going to zero, like the lotto tickets.
I did pick up shares looking for a big pay off. As you can see my bud said “Maybe big, but far from proven.” Your thoughts?
$LNZCF Sama Resources…There’s two ways to win. They have a 44% interest in the graphite company. That deposit is a sure thing, as far far as these things go. High grade, the deposit is there in economic concentration, it’s a question of how big it is.
The 100% owned claim is prospective and multi-metallic. It’s still a prospect; but Friedland took just two weeks after getting his position to bring in his detection toys for a quick look-see over the entire property . So we should know on that one pretty quick whether they have something.
As Rick Rule observed, Friedland doesn’t always hit but he doesn’t fool around and waste time finding out.
It doesn’t look like his detection is sure-fire; the Cordoba results were just so-so, and its possible the Fjordland SVB nickel project will disappoint and fizzle out. But we are finding out fast, and at least the process doesn’t drag on forever.
Thank you
$ECSIF – eCobalt to Begin Trading on OTCQX Market in the United States
http://www.ecobalt.com/news/news-releases/ecobalt-to-begin-trading-on-otcqx-market-in-the-united-states
$ECSIF long
Metal from space. NASA,
http://go.nasa.gov/2ASsMgF
Over sixty years ago Immanuel Velikovsky was considered a heretic for asserting in Worlds in Collision that violent catastrophes and upheavals on earth, caused by collisions with other heavenly bodies, were major factors in the geology, biology, and human history on earth in both prehistoric and historical times.
How appropriate that his book Earth In Upheaval starts with a chapter on the description of the northwest Alaskan gold country.
It is ironic that we look for minerals in the midst of dramatic and violent geologic displacements. We look at pictures and diagrams of heaving oceans of rock, upwellings of molten lava, disfigured strata that have been crushed and folded and twisted and tilted to extreme angles in ancient calamities, hundreds or thousands thousands of feet thick, billions of tons heavy.
These formations have been caused by forces unknown to modern science, despite their titanic scale; and we look at sophisticated analysis of the rock, without answer or explanation about how the awesome forms came to be the way they are.
We look at a diagram of a drill core that has a layer of rock 200 feet thick that is at a 45 degree angle and makes a jagged mountain with its top missing, split by a fault, and overrun by a lava eruption covering dozens of square miles.
And our only question is, “Is there any gold in it ?”
It’s been a brutal few days to be a shareholder – is this due to China and commodity-prices?
During days like this, as a long-term investor, I think the second-best thing to do is to review the fundamental reasons you are in the position, and make sure you still believe in the position and that all the reasons that got you excited in the first place are still valid.
The very best thing to do is to be unshaken in your correct assessment, and buy more. This takes liquidity, conviction, and emotions that are the opposite of how we have been conditioned .
In passing, I have been looking closely at the chart action the last few days. I am of the opinion, which I alluded to last week, that we are consolidating; and the very recent action is a re-test of support which will hold up or break only short-term, and that CTEQF is about to go to new highs.
$CTEQF Longerz 🙂 Chose the second option early this a.m. 😉
Me too. It’s a new exercise one has to get used to.
More @ $1.12, cash from exit of CDBMF.
Very true, but it’s easy to panic if your portfolio is consisting of mainly resource-stocks and we run into times like this. Like Mike Tyson once said – “Everybody has a plan until they get punched in the face” 🙂 If I had available funds I would add to my position today ….sadly I do not….
You have to be able to take a hit and not get knocked out.
Anybody who fights gets hit.
Chriz, no reason to panic. Take a look at the volume, it is very thin.
The stock is about to be listed on the TSX.
The number of people in it is very small. A few people active in buying or selling shouldn’t make you to question yourself.
These things do not move in a straight line. Hang in there.
The fundamental case is stronger than ever. Today’s price does not change the situation.
Thanks for the reassuring words 😉 This is the last position I want to sell, but have considered selling half if it dips beyond a certain point. I will probably hold on a few more days, and I might sell some of my copper-stocks to buy get more funding to buy clean teq.
chriz, after my reassurance the stock fell even more.
There is no telling what can happen, since investor sentiment is the main driver right now.
My strategy is to accumulate as much of it as I can, and hold for the long term, at least until they go into production. Another person may have a different strategy. Our position sizes matter, since the emotions can get too strong .
My position in Cleanteq is way bigger than any position I have ever taken. Normally it would be too emotional for me to take the ups and downs. But in this case my due diligence and conviction are stronger than the emotions attached of the daily fluctuations.
I listened to an interview with Rick Rule about his position in Paladin before the last uranium boom.
He thought he had an outrageous winner and couldn’t lose at ten cents a share. He went in big time, and the stock dribbled all the way down to a PENNY.
One cent. But he stayed in, and made a fortune on Paladin.
I don’t think I could do that. But it is something I think is worth noting. Your position has to be grounded in a correct evaluation of the fundamentals. The timing involved may not be to your liking, the public may not agree with you in X timeframe. But if you are right on the fundamentals,
then eventually you will win. Wishing and hoping are no good. You have to be right about the fundamentals of the situation.
On the other hand, if you are a short-term trader, or cannot withstand the emotions of the situation, or have a flawed perception of the situation, the strategy cited is a disaster.
Another outstanding post HN. About two years ago I entered $CLIR @$3.47, last week it fell to $2 so I added because I see the same in $CLIR as you see in $CTEQF. Today $CLIR is in the $3.5 range and is destined to realize its full potential during the coming months IMO. I added at $2 based on my knowledge of the tech, management, and motivation of users. Similar scenario with $IPIX. Drops in SP are good for longs if we can stop focusing on the red and instead focus on the progress/fundamentals. My goal today is to enter $CTEQF and add in the $1 range till it does what is reasonably expected. This one and a couple others can pay off the mortgage. Best.
Clean Teq… the position and prospects of the company are just amazing, and they keep getting better with each news release. There are many catalysts due in the next year .
It is hard to imagine what could derail it. The stock is well-insulated against any single disappointment.
Nickel prices off ?
Well, we got cobalt.
Cobalt supply up from the DRC, prices disappoint ?
Well, we got offtakes, and there’s the water purification business.
Water contracts slow in coming ?
No worries, we’ve cornered the market on scandium.
Scandium demand slow to develop ?
Then we’ll have to get along on our gold, uranium and rare earth extraction for a while.
They are in a two-minute drill to get the thing built. they are not even waiting for the feasibility study. They make an announcement this week that says, “Our project is so good we have four banks competing to finance it, and we are going to take debt instead of selling equity and diluting ourselves.”
And the stock sells off !?!
And on top of the business outlook, it’s in a great jurisdiction, there is no question about the deposit, the financing is in the bag, the Chinese are in whole hog, and the CEO is a friggin’ genius and a superlative manager.
Nobody has heard of the stock yet, you can’t even get a company report on them from Morningstar or Reuters or Credit Suisse. And when the reports are done, half the analysts are going to ignore half of Clean Teq’s business prospects.
The stock is a buck, market cap is $600 million.
It will be listed for the first time on a North American exchange within 30 days.
What more could you ask for ?
$CTEQF…financing is “in the bag”…China in with both feet
http://www.asx.com.au/asxpdf/20171207/pdf/43pyy3r5xjwzrw.pdf
This is really great news. Besides virtual elimination of financing risk, there are going to be four banks bidding on the business. It’s good enough to get a bank loan. Best of all, this means the project is so good that Cleanteq does not want to surrender any equity to finance construction.
$CLQ
I have just added to the position and was happy to see lower price, actually. If you can’t explain why the price is droping, buy it. Whole sector is swimming in red, try to think about next year and onwards.
News was great and Aussie’s selling ? Can’t wait til this trades in Canada.
I asked this… “When will TSX open? Aussie getting to to sad to watch.”
Got this back…”Aiming for prior to Xmas but mostly in the hands of the TSX itself re timing. “
That would be a nice Christmas present. My cupboard is a little bare after last week.
#Seems to me there is a county cobalt rotation on going: $SRJ.tsx $SPMTF.otc long #Spearmint Resources up 93%+ https://www.stockgumshoe.com/2016/07/microblog-storage-of-electricity-batteries-big-image/comment-page-4/#comment-4963346 $CRZ.txs Cruz Cobalt, https://www.stockgumshoe.com/2017/10/microblog-ev-vehicles-october-02-17-beyond/comment-page-1/#comment-4963448 #Promotion(s) through 2018
Same with life… A question of balance! https://www.stockgumshoe.com/2016/05/microblog-magical-music-mystery-mining/comment-page-1/#comment-4882059
#Subscribe if you desire… Best2ALL!
$PGM.asx longer .155 in #OZ with #InterActive #Brokerz
$PIL.asx adding, also, with bid outstanding at .013 😉 Best2AllAlwayz! 😉
#ASX: http://www.asx.com.au/asx/markets/equityPrices.do? by=asxCodes&asxCodes=auz+clq+euc+jrv+ncz+pgm+arl+mei+cob+pil
$PGM longer at 0.14AUD
$CTEQF getting blasted overnight on ASX.
This is why I am not a short-term trader. Could be nickel, I guess.
CTEQF I fully expected a retrace to 1, based on its pattern. Looks like we might get there tomorrow. I don’t expect it to go much further under 1, if it does, that won’t make me happy. If it holds at 1, then it should be primed for new highs. That’s the way I see it. If it holds at 1, this shouldn’t worry anyone IMO.
Entirely possible. It could rebound right away, support levels are plausible at a number of prices but the large volume yesterday gives weight to your scenario.
$CTEQF Regional Operations Center
Edited email response from Richard Glass:
“Thanks for your email.
The Regional Operating Centre is to be a base for technical staff, information management, logistics etc. …[Sunrise will be highly automated], meaning there will be less need for people…on site….but greater need for people…monitoring and controlling various systems from afar. There will be no material handling or processing done from [it]…[It will be] more of an administrative hub…. It will mean employees will be able to avoid the 1.5hr drive to and from site….[improving] safety and lifestyle…for our operational staff.”
$ECSIF – eCobalt Provides an Update on the Idaho Cobalt Project Optimization
http://www.ecobalt.com/news/news-releases/ecobalt-provides-an-update-on-the-idaho-cobalt-project-optimization
note: I found this article interesting in that eCobalt is listening to the consumer and changing direction to accommodate. In addition sounds like there should some nicve announcements the first of the years after these shake outs.
ECSIF long
$Status of AU 10… : http://www.asx.com.au/asx/markets/equityPrices.do?by=asxCodes&asxCodes=auz+clq+euc+jrv+ncz+pgm+arl+mei+cob+pil Have a #awesome Friday, weekend and beyond! Best2AllAlwayz – Ben
It may be Mr Travis that with your interest in Robert Friedland ie copper interests in Congo that you are particularly wise. I can only think that your long term interest in CleanTeQ which I share , should perhaps mention it is sitting on a large deposit of vanadium which may prove to be the true, long term investment , given lithium is volatile, along side clean water of course. I am certain he would agree. Just thinking out loud …. I notice today he has brought in his Chinese associates to finance … apparently the aussie market didn’t like that news which is great for me to top up on.
I am perplexed! What in the devil does your comment even mean?
amberh…a few things:
**Which vanadium deposit do you refer to ?
**The water business should provide the company with stable, long-term income…something usually lacking in the mining busiess. It will take a while to build up, but they have a whole division for it.
**I doubt very much that the dropping price of Cleanteq has anything to do with the announcement of the Chinese bank as a participant in the financing.
If the Aussies didn’t like Chinese money, they wouldn’t be selling so much of their minerals to China. There have been many announcements from Cleanteq involving China that have sent the stock up, not down: They raised $80 million from Pengxin, brought in a Chinese Co-Chairman, and signed a major off-take with a Chinese battery company. So I think that the bank announcement has nothing to do with the price drop.
It is much more likely that it has mostly to do with trading sentiment, momentum trading, and the recent drop in nickel prices. There is a weakness in overall metal pricing and I suspect that this is the only fundamental factor involved. The rest of it is emotional and technical.
**
Travis owns this site, and does contribute occasionally to this thread; but most of the posts here are by Hendrixnuzzles, a different individual who has authored the opening essay of the thread. Thanks for the post.
The Chinese news was outstanding meaning there will be minimal dilution – shorters played havoc with clean teq last week – watch them cover Monday – cobalt now $36lb in last 24hrs not to mention a travesty in the drc.
Thanks John. Seeing it the same way. All the fundamental news is very good. They have four banks beating the bushes for debt.
I say there will be no dilution at all for the construction…it will be cash, sunk owners equity, and $500 mil debt.
**
I don’t mind if the shorts wait past Monday to cover.
They can cover in January or next July if they like. I can’t predict the timing or size of the short attacks, and less so their decisions to cover.
Shorting Clean Teq is really playing with fire.
Worse even…it is playing with a string of lit firecrackers.
Got into $CTEQF this morning under a $1, small position that I will grow, got to start somewhere eh! Long $CTEQF. Best.
Considering the stock was at $1.36 a little while ago, I think you will be happy.
I’ve added at $1.12, .95, .94. I had more orders at .93 and ,88 but they didn’t fill.
Funny but this week’s drop caused the largest dollar drop in a single position that I have ever had, and emotionally it is doing nothing at all to me. I blew out some other losers and added. Maybe I am learning; maybe I am being an enormous fool.
I’ll take my chances on this one. I feel like I am taking a big swing at a fastball down the middle. I’ve connected, it’s just a question of how far out of the park the ball is going to go.
I keep thinking about the announcements that are coming and how stupid I will feel if I reduce my position.
I don’t want to be a cheerleader for the stock , this week is a really bad one for me on account of my large position. I am not trying to persuade anyone to copy my strategy.
It has a lot of risk, insofar as there is no income from the company and the mine is not built; so public investor sentiment will have a big impact as things move along, for better or worse.
But obviously I believe strongly in the company, and I can say with a clear conscience that I have not seen anything factual that makes my conviction waver. My imagination went a little wild with the scandium alloy mining equipment and the Friedland Regional Cobalt Co-operative, but for the most part I think I am being pretty objective.
Long Clean Teq
I hear you HN, this has all the appearances of a holistic mining venture, if it does not make it, it will not be for lack of skill and quality of assets/tech. Swings in SP are inevitable, you have to know that. SP swings can go on for an extended period of time, the enterprise does not change but to continue developing and getting closer to a pay-off. There are multiple possibilities that can get in the way as well as enhance, it’s a crap-shoot till the pony crosses the finish line. The jockey has what it takes to pull this off, that point is solid IMO. My biggest position is low five digits red, just going to wait it out as I remain confident the value is real. I will add to $CTEQF every chance I get till I am at a full position or it takes off, this is the primary position I will grow until I am satisfied. Consider picking up a copy of Eckhart Tolle’s A New Earth, very impressive writing style and ability. Best.
I was relaxing thinking about my day and realized I cannot remember ever saying thank you for introducing me to RF HN. I had not heard his name or at the least did not remember before reading this thread, I appreciate your endless input and hard work, your sense of humor is a bonus. Best.
Thanks Dougj.
It is an enjoyable pastime for me…I like reading and doing research,
it is like being an armchair detective. Being able to share with other people on this thread is stimulating and pleasurable.
Hopefully it will be profitable. This week it sure is not, with Cordoba shooting a blank, metals limping, and Clean Teq taking a nosedive.
I am very impressed with RF but he is also human, and his technology is not guaranteed. No one is perfect. I went very wide in his companies but I am only deep in Cleanteq and Ivanhoe. Cordoba is reduced; Sama Resources is a normally sized position; we are still waiting on Fjordland. I am not inclined to go into Goviex; and I closed out Kaizen Exploration. So I am not a starry-eyed Friedland groupie. Starry-eyed, I will admit. But I am not a groupie.
**
As I said, it is the worst week I have ever had financially., other than the crash of 87 and the week of my divorce settlement. But it is not distressing me at all.
I’m hoping it is because I know the company pretty well, better than most; and another opinion is not enough to change my mind unless it is accompanied by some reason I can understand.
I have a lot of opinions in various subjects that differ from the majority of people.
A contrary opinion held by the majority or even millions of people doesn’t shake me up or lessen my conviction. The fact that money is behind these opinions adds a lot of emotional complexity to the decision-making process that is not necessarily helpful in arriving at a good decdision.
I am optimistic that my condition also reflects my improvement as an investor…not to panic, not to get shaken out, to buy on weakness rather than sell.
God knows I have had enough practice. It doesn’t feel like numb shellshock, financial catatonia, or emotional denial. I’ve had those at different times in the past, so I can tell the difference.
Long Cleanteq. Sharply reduced Cordoba (dimmed prospects), K92 (I have enough gold stocks), Platina (profitable and would like to re-enter).
To buy more Clean Teq, the money had to come from somewhere.
“The groupie girls ain’t all they are cracked up to be…” (Mark Knopfler & Chet Atkins, Neck and Neck, 1990). Starry eyed is at least one rung down that ladder and oftentimes appropriate when the research points in that direction. You have mentioned a few times that you are swinging for the fences, risk is inherent in that approach. The truth is that risk is inherent in the markets on all levels for those of us that have little or no power to manipulate markets and to some degree for those who are the manipulators.
Gregg Braden discusses our emotional state as humans in The Divine Matrix in depth. Excellent writer/researcher with depth in perception beyond the majority IMO. We are emotionally attached beings except of course for the psychopaths attempting to control the world. Psychopaths are devoid of the ability to experience the spectrum of emotions beyond the sadistic/masochistic satisfaction factor and even then cannot identify those as emotional experiences. A sad fact that relieves one of accepting any responsibility for cause and effect (consequences) of behaviors. So being emotionally attached to our positions is a natural consequence of being human for the vast majority of humans. That begs the question: how strong is our emotional attachment? Is it our decision-maker? Am I “E over I” (emotion over intellect) or “I over E” in my approach? Am I ego invested or simply invested? These inquiries and others of a similar vein are important to assessment of our motives in this and many other investments in life. Only you can answer for you, only I can answer for me. That being said we are accountable to the Electric Universe where nothing can be held securely in our private world. The Universe does not threaten rather presents an opportunity to maintain a higher standard of ethics and moral codes.
I lived an almost totally out of control life for many years HN, extremes ruled and I loathed myself for those behaviors but justified my approach by denying my ability to choose. The Universe does not allow folks who are consciously connected to it to deny, period! The Universe will constantly suggest alternative (usually perceived as conflicting) thoughts which result in question and oftentimes discomfort yet allow us to proceed along our path as we choose. Most times this urging is experienced as a gentle offering that begets balance. When it is there all day every day, listen intently and move in the direction of urging as these thoughts are the urging of love.
As it turns out us humans are probably not very good at protecting ourselves from ourselves, a little help please. The help that is most available comes from the voice within, listen. We can oftentimes look back and think: Coulda had more, coulda done better and on and on when the more revealing question is: What makes me think I shoulda had more, what makes me think I needed to do better? Life is a trip (a friend once referred to life as an audition) HN, create the most comfortable possibility by following the prompts of your inner voice; relax and enjoy the trip (audition).
The following is not a pump: $IPIX is a winner IMO with the usual level of risk. Risk has been reduced by leaps and bounds over the past 18 months, take a look if you have not. This one can easily hit mid-range double digits, might even be a three digit stock at some point soon after it leaves the gate. $CLIR is a winner IMO with a significantly reduced level of risk, it is another double digit stock in the making, could easily be on the high end of double digits. We have options HN, while the two just mentioned are not in your field of experience they have been vetted by knowledgeable people who I listen to and communicate with daily. This is intended only as food for thought, both of these mentions are outside the mining sector.
This is the real way I say thank you, it is the most common way I say thank you beyond the words. And thank you too frahman. Best.
#Beautiful truths and not so truths #DougJ34 $IPIX is Cellceutix Corporation Company ipharminc.com
Headquarters: Beverly, MA Founded: 2005…
See #ZKSS #BioTech threads https://www.stockgumshoe.com/author/dr-kss-md-phd/ for extensive #DueDiligence.. ##NIAIADYODD
#Long Gr8Gummunity, #Caring and #sharing… Besrt2ALL!
I am hip to the good Dr’s opinion of Cellceutix (now Innovation Pharmaceuticals Inc.) SoGiAm. I agree with his opinion from past but have maintained constant vetting of this enterprise and have found it worthy of investment. As $CTIX they made some errors and have paid the price. Over the past 18 months or so this group has evolved into a credible enterprise with a brite future IMO. I am not plugging $IPIX, just throwing it out for investigation by anyone who wants to give it a look. I avoid biotech as an investment, I know there is a ton of money to be made in that sector, I am not interested enough in money to earn it at any cost. Big Pharma is generally a symptom treater IMO. My interest lays in solutions, many of which are a consequence of the focus on treating symptoms. I view the $IPIX compounds currently in trial as likely solutions to a huge problem that western medicine is ultimately responsible for yet is continually permitted to promote. I would no sooner invest in the vast majority of the pharma sector than I would in a miner who trashes the environment or exploits human resources to extract assets. It is just the way I roll, I do not judge anyone who does. I have great respect for Dr KSS, I also know he misses one here and there. Best.
dougj…credit for introducing Friedland should be given to frahman, who has not posted here recently; he posted a link to an interview of Robert Friedland by Rick Rule.
It is over a year old but in it Friedland discusses all three projects of Ivanhoe Mines and reveals quite a bit about his own personality and thinking. It is still worth listening to, even though all three projects have had lots of news since then.
Because of that interview, I became very interested in Clean Teq when it came to my attention. Ivanhoe Mines and Clean Teq together are the bulk of my market increases. The rest can be attributed to the Sandstorm/Mariana transaction, which was very important; and an early call on PVG.
Sandstorm came to my attention from our host, Travis; Mariana Resources was my own find; and PVG was one of seven stocks in a teaser by Casey Research.
$CLQ fp – March 2015 #BTL directed me to the equity. ty BTL! https://www.stockgumshoe.com/reviews/australian-small-cap-investigator/the-dagron-solution-and-other-aussie-teasers/#comments more history: https://www.stockgumshoe.com/2015/11/microblog-water-our-most-precious-resource/comment-page-4/#comment-4919247 Best2ALL!