VUL 2.22% $4.85 vulcan energy resources limited

Good to see a pick up here, personally I've been in since IPO...

  1. 999 Posts.
    lightbulb Created with Sketch. 566
    Good to see a pick up here, personally I've been in since IPO and looking forward to what the next 12-18 months holds.


    Very bullish given the low EV, few quick take aways;

    - As the old saying goes "location, location, location!". We look to be well placed in the future battery making hub of Europe that is Germany.
    - New management team seem well versed in the lithium space and the ability to help raise funds.
    - Macquarie yesterday reversed their view on lithium and are bullish long term.
    - After doing some research this looks like it could be a zero carbon foot print which is what every EV manufacturer is aiming for.

    krx.PNG






    Also a side note from a few quick pieces of research, Tesla looked to buy out "Simbol" in Nevada in 2015 for $325mil USD but it fell over when Simbol wanted more ($1.6 bil apparentyl!). If most remember lithium didn't really start rocketing until the end of 2015/16, so you would think in today's market the price of such a take over would be much more.


    tesla.PNG
    (https://fortune.com/2016/06/08/tesla-lithium-startup-simbol/)




    Hoping to touch base with the new MD in coming days and will keep everyone posted. Once I get a bit more info I will be sure to post.



    Surely I can't be the first one to the party here? It seems I might be. If that's the case I hope the party gets started soon enough!
 
watchlist Created with Sketch. Add VUL (ASX) to my watchlist
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.