VRC 0.00% 0.5¢ volt resources limited

Starting a move...3.2m just traded, page-42

  1. 239 Posts.
    I agree with you kiwi and wildyxxd,

    As I said in my last post, the graphite run mark II is coming, you can feel the sentiment turning and it will be lead IMO by the overperformance of the Li hopefuls.

    I was sent this (the publication is the Capital Edge Weekly by Triple C Stockbrokers :

    Pay attention to the 4th paragraph which includes :

    "Those companies with exposure to Lithium, Manganese, Cobalt and Graphite should be in for an interesting ride as a result."

    With the funding overhang gone VRC is seriously primed to go here. Just get the met results out and the starters gun will go off IMO,

    sK.

    Full article below :

    "Last fortnight, Tesla Motors revealed its Model 3 which created a big buzz in the automotive industry. In a clear sign of future demand, pre-orders of the vehicle were nearly 200,000 in just over 24 hours with future customers paying $1,000 just to reserve a car. It’s an eye opening statistic especially when compared to the established Australian market where last year Toyota sold 42,073 Carolla cars, which was the #1 in Australia's top-selling new cars of 2015.
    Tesla expects to start production for the Model 3 towards the end of 2017, which would see them ramp overall production for this model alone to 500,000 vehicles per year. With a consumer price cost of $35,000 before government incentives, the future market opportunity for Tesla starts to really stack up.
    The future of sustainable transport looks to be coming sooner than we expected. Tesla will be the first to market in bringing electric cars to the masses and with this major market move, Lithium investors are starting to get excited. Every one of these vehicles is going to need lithium-ion batteries, which will be produced the Lithium-ion battery gigafactory.
    As a result, analysts are predicting strong demand for raw material supply in the Lithium market in the years to come. Lithium carbonate prices rose 15% in 2015 to US$7,500 per tonne, according to Scotiabank’s December commodity index. Predictions are that prices will continue to rise as demand for lithium-ion batteries increases. Those companies with exposure to Lithium, Manganese, Cobalt and Graphite should be in for an interesting ride as a result. Goldman Sachs is also bullish on lithium, calling it “the new gasoline.” It predicts increased penetration of electric vehicles will boost the global demand for lithium 11-fold by 2025.
    If Tesla’s initial launch of the Model 3 is anything to go by, electric cars look like they will be a big part of our transport future"
 
watchlist Created with Sketch. Add VRC (ASX) to my watchlist
(20min delay)
Last
0.5¢
Change
0.000(0.00%)
Mkt cap ! $20.79M
Open High Low Value Volume
0.6¢ 0.6¢ 0.5¢ $9.803K 1.879M

Buyers (Bids)

No. Vol. Price($)
1 11764 0.5¢
 

Sellers (Offers)

Price($) Vol. No.
0.6¢ 21748710 29
View Market Depth
Last trade - 16.10pm 16/07/2024 (20 minute delay) ?
VRC (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.