Must agree, has been an interesting morning. Still wondering what rattled the SYA inmates this morning! Pretty funny though, being lectured by the clueless...
Anyway, back to business
@Sharebuyer007 posted this on another thread, so I thought I'd copy it to this thread so that those N/H's that feign interest here can have a read....
Piedmont May Emerge As A Leading Lithium Conglomerate In The Next 5 YearsMay 18, 2022 11:55 PM ETPiedmont Lithium Inc. (PLL)ALB4 Comments3 Likes
Summary- Piedmont will emerge among a handful of new lithium conglomerates over the next 5 years.
- Significant cash flow expected from subsidiaries in Canada and Ghana starting 2023. (Ed. Love this description - should get a few of the inmates furious)
- Carolina permitting has been a long and winding road, but ultimately should be successful.
Go to article hereSome interesting opening comments from the author in the article, for those interested in understanding why SP's move the way they do, or don't!
The next phase of development for the global lithium industry will see the emergence of new lithium conglomerates principally in Australia and North America. Due to some deft acquisitions in early 2021, Piedmont Lithium (NASDAQ
LL) will be a leading member of this new group, a fact not well understood by the market, which is fixated on the permitting process of its 100% owned Carolina Lithium (mine and processing plant) and second processing plant (called LHP-2, to handle concentrate from other producers in the PLL invested group and possibly more) in North Carolina. The stakes in shares and the projects of Sayona Mining (OTCQB:SYAXF) and Atlantic Lithium (OTCPK:ALLIF) that PLL was able to buy in 2021 were well-timed and on very good terms to PLL, which the market should start to understand better over the next 12 months. Pre-production developers like PLL typically trade at 50-70% of NPV for future projects. PLL shares are valued at 20% of the combined $5bn NPV of its two Carolina projects alone. According to my sum of parts valuation of its investments, the shares and projects of Sayona Mining and Atlantic Lithium, the company’s combined NAV is $5.9bn. My initial 12-month target for PLL shares is $1.62, which would value it at 50% of its current combined NAV. (Ed. note - my highlighting of the key phrases)
J22
(20min delay)