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What other tech stock to consider?
- Thread starter Sanny
- Start date
Redwood seems to only do recycling. ABTC is recycling and mining with one of the largest inferred lithium deposits in the world.
In regards to the recycling:
While I don't know too much about Redwood, I believe the main difference in ABTC is their recycling technology.
* Doesn't use high temperature operations.
* Has a higher recovery rate.
* Low capital costs through avoidance of high-temperature operations and minimal generation of waste.
* Partnership with BASF (won awards and DOE grant money based on recycling tech). etc
But the bigger difference is the ABTC primary extraction technology. From their website "ABTC has been designing and optimizing our internally developed sustainable lithium extraction process for the manufacturing of battery cathode grade lithium hydroxide from Nevada-based sedimentary claystone primary resources. We currently are in the final stages of our lithium exploration program for our Tonopah Flats Lithium Exploration Project and have identified significant lithium mineralization covering a large portion of the project area."
They have just recently uplisted to NASDAQ and I wish I had just discovered them now as the stock has been pretty beat up with them being pre-revenue. However, IMO they are way more de-risked now than when I started investing...ultimately, they need to show revenue and a clear path to growth and I think they are finally getting to that stage with the commencement of their recycling facility and progress on their lithium deposit extraction.
I just skimmed through their June 30, 2023 yearly report. At the time they had $2.3M in the bank and had just spent a bunch of money and shares to acquire a recycling company and Nevada lithium mining rights. It will take them on the order of 5 years to make any money from the lithium mining. To date, they haven't demonstrated any recycling output. Recycling is complicated and hard to do profitably. You almost need specific processes for each type of feedstock. Recycling consumer batteries vs EV batteries is worlds apart. And in the end, you have some commodity that needs to be graded for purity and sold for relatively cheap.
Redwood, for instance, realized that selling lithium carbonate or whatever, wasn't going to cut it, so they have invested in a cathode plant, meaning they will sell much higher valued added product. If Redwood, headed by JB, can't make pure battery recycling work without going upstream, then I doubt ABTC will figure it out.
BTW, their market cap is around $315M, which I think is rich considering what they do and where they are at.
FYI, from that annual report:
Buckminster
Well-Known Member
I lay out my thesis to buy any stock related to lithium here:
teslamotorsclub.com
The Resource Angle
In listening to the other analysts at that conference, its interesting that they've commented that Tesla just doesn't seem to be interested in doing ANY equity investments in mining. Hard rock, brine or DLE. Instead all they do is make occasional offtake agreements (ie. purchase contracts).
teslamotorsclub.com
anyone know more about Jupiter Ionics? green fertilizer
jupiterionics.com
Jupiter Ionics: Global leaders in green ammonia
Our patented modular technology will produce carbon-neutral, green ammonia at local, regional or national scale. It will help secure food supply chains, promote sustainable agriculture and transport, and enable the export of renewable energy.
jupiterionics.com
another suggested stock in this thread. We should change the thread to "other stock to short"
Electric Vehicle Tech Manufacturer Proterra Files for Bankruptcy
Volvo Group wins bid for bankrupt Proterra battery assets
Sweden’s Volvo Group was selected as the winning bidder for the battery and charging assets of bankrupt Proterra Inc.
www.freightwaves.com
The Electric Viking just did a video on Lithium supplies Yesterday and why car pricing is going down.I lay out my thesis to buy any stock related to lithium here:
The Resource Angle
In listening to the other analysts at that conference, its interesting that they've commented that Tesla just doesn't seem to be interested in doing ANY equity investments in mining. Hard rock, brine or DLE. Instead all they do is make occasional offtake agreements (ie. purchase contracts).
wombat9
Member
Thanks for the tip about Samsara! Their products look useful and I think they make sense.
I also bought a few hundred shares and will certainly hold on to them for a while, the company still seems to be growing nicely.
They serve a vast industry that fell behind in technology and is trying to catch up. And they have virtually no competitors. Every quarterly earnings the stock hits an all time high and then retreats. I could just buy before earnings and sell after, but I'm in the stock for the long haul, probably 5-10 years. If you believe in IoT, IOT is the stock to own.
D Unit
Member
Anyone trading bitcoin mining stocks?
I have MARA, RIOT, BITF, and CleanSpark. High risk high reward.... heavy emphasis on high risk.
I have MARA, RIOT, BITF, and CleanSpark. High risk high reward.... heavy emphasis on high risk.
Happy end of the year all !
For the record, I’ve sold my entire Spotify position. Bought around $125 last spring and mentioned it on this tread. Bought more around $173.
I think 1st half of next year, we may get a broad market correction. I plan to rebuy in the new year as a long term hold. Still holding my Tesla shares of course, sold none.
Hard to time the market, but the writing seems to be on the wall.
Again best to all of you, and see you in the new year. 2024 will be entertaining if nothing else!
For the record, I’ve sold my entire Spotify position. Bought around $125 last spring and mentioned it on this tread. Bought more around $173.
I think 1st half of next year, we may get a broad market correction. I plan to rebuy in the new year as a long term hold. Still holding my Tesla shares of course, sold none.
Hard to time the market, but the writing seems to be on the wall.
Again best to all of you, and see you in the new year. 2024 will be entertaining if nothing else!
Why market correction next year? I am thinking market will be up by end of year compared to now.
I agree with you. Various things could happen to tank the economy, but right now the US economy is the strongest in the world and getting stronger.
D Unit
Member
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