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I read all tech stocks are taking a big hit this week. Wall Street is nervous about the Fed raising rates and the oil markets are going nuts because of war rumors. Russia is probably going to do a major invasion of Ukraine. They are massing troops on the border.
Additionally the Huthi rebels in Yemen pulled off a successful drone attack in the UAE a few days ago. The damage was slight, but it killed a few people. There are fears that the proxy war Saudi Arabia and its allies and Iran have been fighting in Yemen will spill over into the rest of the ME.
Oil stocks were going up anyway. I sold the Exxon stock I inherited a couple of weeks ago, but I think I sold too early. It's gone up since then. All the oil stocks are going up. A small stake my father had in a gold miner is also going nuts. It jumped more than $2 today.
I got a notice about a month ago that the fees for trading OTC stocks was changing. Instead of a few cents a transaction all OTC transactions went up to something over $6. It's tolerable if you're only making a few transactions, but that's going to curb day trading. I think a lot of money is leaving the OTC market right now.
I wonder if ABML or Redwood Materials were at the battery recycling conference they went to....
So we have:
Redwood Materials
ABML
The Metals Company
Redivivus
Any others that seem important that were mentioned earlier? I came late into this thread.
Umicore, Battery Solutions, Retrieve Tech, a bunch of others I can't think of off the top of my head too.
MP Materials dropped under attack from a research note by short seller Bonita
seekingalpha.com
Some are claiming that Bonita is suspect and that some of their claims are based on outdated research using old pricing, trying to make it look as if MP can't be profitable.
I haven't looked into it enough to know one way or the other but I'm always suspicious of short seller notes.
MP Materials plunges on short call from Bonitas Research (NYSE:MP)
MP Materials (MP) tumbles to a three-month low at the open after short seller Bonitas Research accuses the company of executing an "abusive transfer price manipulation scheme
seekingalpha.com
Some are claiming that Bonita is suspect and that some of their claims are based on outdated research using old pricing, trying to make it look as if MP can't be profitable.
I haven't looked into it enough to know one way or the other but I'm always suspicious of short seller notes.
MP Materials dropped under attack from a research note by short seller Bonita
MP Materials plunges on short call from Bonitas Research (NYSE:MP)
MP Materials (MP) tumbles to a three-month low at the open after short seller Bonitas Research accuses the company of executing an "abusive transfer price manipulation scheme
Some are claiming that Bonita is suspect and that some of their claims are based on outdated research using old pricing, trying to make it look as if MP can't be profitable.
I haven't looked into it enough to know one way or the other but I'm always suspicious of short seller notes.
And again MP Materials responded to the short report on their Twitter account:
MP Materials dropped under attack from a research note by short seller Bonita
MP Materials plunges on short call from Bonitas Research (NYSE:MP)
MP Materials (MP) tumbles to a three-month low at the open after short seller Bonitas Research accuses the company of executing an "abusive transfer price manipulation scheme
Some are claiming that Bonita is suspect and that some of their claims are based on outdated research using old pricing, trying to make it look as if MP can't be profitable.
I haven't looked into it enough to know one way or the other but I'm always suspicious of short seller notes.
This is the second time in the last few months MP Materials has had the shorts go after it. The last time I made a little money on the bounce, I sold just as the stock was dropping and picked it back up on the bounce. I was wondering why MP was the worst performing stock in my portfolio today (I hadn't taken the time to check and see why).
I really like the way MP hits back at these attacks and misinformation. I kinda wish Tesla had a small group to do the same.
Now the class action vulture lawyers are going after MP Materials. I've seen them flock over two other stocks I owned in the last year. In the previous two instances the stock tanked while the class action window was open. Neither class action went anywhere.
Looks like another company to keep track of:
nthcycle.com
Transforming Metal Refining and Extraction
We are revolutionizing metal refining with our safe, low-emission technology, to create a sustainable foundation for the electrified economy.
nthcycle.com
This is a bit odd, Vulcan, (VULNF), announced an offtake agreement with LG but it's not on their English website and each page has a disclaimer to not distribute in the United States, Canada, Japan or South Africa. Found the link to a PDF in Matt's most recent article Lithium Junior Miners News For The Month Of February 2022
mblakele
FSD Beta (99)
Two new ways of extracting lithium from brine
Two new ways of extracting lithium from brine
from The Economist
Two new ways of extracting lithium from brine
from The Economist
Buckminster
Well-Known Member
My TMC shares got loaned out too. The rate has been ratcheting up. I think the shorts are probably nervous now. TMC went up a fair bit Monday. TMC has become a favorite for shorts in the last few months.
It's going to be a while before the company starts producing ore, but once their mining equipment is ready to go, the ore is going ot be dirt cheap to mine.
I sold my Vale too early.
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