Matt Badiali – ExxonMobil Focusing On Lithium, Developing DLE; The Impacts On Lithium Prices, Lithium Companies and The Battery Market
Matt Badiali, Editor of the New Energy letter, Published under the Mangrove Investor joins us to focus on the news out of ExxonMobil and the move into the lithium sector. This major oil producer has now stated its intention to develop a Direct Lithium Extraction (DLE) process and technology. This is a potential major stepping stone for the lithium sector and will have impacts across the sector.
We discuss with Matt the significance of ExxonMobil entering the lithium space especially on all the junior stocks that are developing their own DLE technology. Assuming any DLE process is developed there will be impacts on the lithium price, carried over to the cost of batteries and electric vehicles. While it’s still fairly early for the development of DLE the sector is moving fast and having major oil companies starting up dedicated divisions will surly speed everything up.
DT…I think you have it…seems like a great idea 💡…. might be worth 💵💵💵 💸💸 billions….
Wish I would have bought BH..@$32,000 😴😥
I thought then, who would ever buy one share of stock at that price…
Hi Jerry, I think Warren and Charlie are stock savants. I wonder what will happen to Berkshire Hathaway when Warren passes on, it will be hard to replace those two guys. Maybe BH will disappear like “The Nifty Fifty.” DT
Platinum and palladium are the closest they have been in 🤔 10 years… only $26 separate them ..
Make it….$22
In case anyone’s wondering, this gold sector pullback is fine and would still be fine if it gets significantly worse. It’s a buying opportunity for those who needed one.
https://stockcharts.com/h-sc/ui?s=SIL&p=D&yr=0&mn=11&dy=0&id=p52615608827&a=1541231171
Athabasca Oil, ATH, maybe due fer a bounce on the daily.
Hi Dan, I know you got in Athabasca Oil several months ago, that has turned out to be a good trade for you. Congrats! DT
Let’s say I have been very twitchy on my ownership of stocks lately and tend to bail a bit early as I did on Athabasca but I like how it is setting up unless oil drops into the $60s.
Reduced some of my lithium and added to: Clean Air, Murchison, Benton, Bayhorse, Stillwater Critical, Banyan, and Tectonic. Feel like we are close to something positive for Retail that they are delaying.
https://tinyurl.com/yp5upa9m
NatGas Wednesday : Early
Bottoming Formation
I am beginning to think that you could become a successful retail investor in mining stocks if you applied The Berkshire Hathaway model for investing that was used by Warren Buffet and Charlie Munger. What it involves is having a portfolio of cash waiting for the one, two, or three opportunities that becomes apparent over a period of say one to two years. It would mean still having to follow what is happening on a day-to-day basis but only striking when the opportunity looked so simple and compelling and be willing to deploy a sufficient amount of capital at the time.
The only time you would be fully deployed is in a raging bull market, but then be prepared to sell ahead of the crowd. Years can go by before the conditions present themselves to deploy a lot of capital sitting and waiting makes sense. In the last two years I can only think of a handful of stocks where you could have made a huge difference in the value of your portfolio.
This would require a lot of patience, the ability to change ones thinking as the market shifts, and a mind that can look into and behind the scenes like a skilled forensic team and be ready to strike at a moment’s notice based on a first set of fantastic drill results. You must also be willing to sell immediately if necessary. Not easy to do but doable for the right person or persons. DT