sorry I was in such a rush that I didnt get to update my sentiment.
BUY would be my humble call. Haven't been this excited about a stock since BLR at 9 cents (almost 6 months ago now!)
What a beast of an announcement - and in this modern economy Lithium is king. Any device worth its salt (excuse the pun) will run on a lithium ion/polymer, whether it be your traditional mixes or the new LiFePO4 (Lithium-Iron-Phosphate) compound that is going to revolutionise the use of lithium ion in transportation.
http://en.wikipedia.org/wiki/Lithium_iron_phosphate_battery
I had no idea ADY actually did Lithium till todays announcement...
Lithium demand is real and growing... and I put forward one Example Case.
The new Prius 2008 will use a Lithium Pack. This year 757000 Prius's have been sold so far. Assuming worldwide sales of 1 million for 2008, and 20Kg of Lithium per battery, you have
20000 tonnes of demand or $120m@$6000 per tonne just from a single car manufacturer.
Anyway - its all very exciting and just my 2 cents as to the forward expectations for Lithium metal.
How many tonnes of Li per year is ADY expecting to pump out?
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Mkt cap ! $19.55M |
Open | High | Low | Value | Volume |
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No. | Vol. | Price($) |
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3 | 805463 | 0.011 |
3 | 1350000 | 0.010 |
4 | 691112 | 0.009 |
3 | 627620 | 0.008 |
5 | 975102 | 0.007 |
Price($) | Vol. | No. |
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0.012 | 618956 | 3 |
0.013 | 1380000 | 4 |
0.014 | 200000 | 1 |
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0.016 | 1200000 | 2 |
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