ALB at all time highs, SQM almost there. Id say we will be there...

First 18416 Last

Share
Profile

Follow
Kaeho

7,213 Posts.

1720

07/01/21

15:15

Post #: 50010630
Share

Originally posted by Rob826: ↑

To be honest, I'm pretty surprised to see this sort of SP action without any company specific catalyst; it all seems to be linked to broader sector sentiment. If the share price holds at these levels (or higher) over the next few weeks, from my point of view there's a number of catalysts that should push this along much further throughout the first half of 2021. Just to name a few:

1. 2020 Q4 results due in late January - While pricing is still lowish, sales volume was very high (best quarter for 2020). Should be a very positive report.
2. Ramp up back to nameplate production in Q1/Q2 (not confirmed, just reading the tea leaves).
3. Completion of SDV FEED due end of Q1.
4. SDV feasibility update due end of Q1.
5. JB Preliminary Economic Assessment/updated feasibility study due end of Q1.
6. Likely return to ASX200 in March 2021 rebalance.
7. Binding offtakes for SDV due end of Q2.
8. Biden legislating the Green New Deal, including US$1.7 trillion in new investment in climate change initiatives (includes using the US federal government procurement system – which spends $500 billion every year – to drive towards 100% clean energy and zero-emissions vehicles). This should be a no-brainer now that the dems have full effective control of US government.

The catalysts listed above are just the one's we know of. I'm guessing we'll see some other left-field positive catalysts over the next six months as carbonate and hydroxide prices continue to appreciate. I'm hoping this includes diversification of our customer base and hopefully something to kick JB along a bit.

Good luck all, it's been a long couple of years but things are finally going the way we hoped. The way we're tracking I'm guessing we'll be seeing new all time highs within the next 6-12 months.

Expand

ALB at all time highs, SQM almost there. Id say we will be there very shortly as we follow SQM very closely. Well at least we should be in the mid 3s.

The current breakout from consolidation between 2-2.20, should see another 100% run to 4.40.

GXY Price at posting: $2.86 Sentiment: Buy Disclosure: Held
12 Upvote

0 Great analysis

Reply

Top Stories

3DA

To make modern missiles, you need 3D Printing. And in that gold rush, Amaero is selling shovels

ACW

Actinogen receives $9M R&D tax rebate to fund Alzheimer's trial

Trump is President Again: What Does This Mean for Crypto?

MKT

The ASX can overlook its Telecomm small-caps. Here’s one diversified brand with an international footprint

NHF

Burgeoning NZ insurance claims drive 1H25 operating loss for nib