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Long a buy and hold investor, I now believe that buy and hold has to be re-evaluated in a world of ever increasing, instant information and huge gyrations in markets all over the world. A value investor at heart, I anchor my portfolio with conservative funds and blue chip dividend stocks, but... More
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    Jul 15, 2010 8:29 PM | about stocks: SQM

    Opel To Reveal Ampera Electric Car At Geneva M...Image by gmeurope via Flickr
    Salares Lithium (Canadian Junior) and Talison Lithium (Australia-the largest supplier of lithium to China) also announce a CAD$40 Million Private Placement to Fund Growth

    Combination of the world’s largest, high quality, low cost lithium producer located in
    Australia with a prospective, large scale brine exploration portfolio in Chile

    Unique exposure to both mineral and brine sources of lithium, with the ability to
    respond to the growing demand for lithium for electric vehicle batteries

    Board and management teams with complementary skills and extensive experience

    Fully subscribed private placement of CAD$40 million to fund growth

    Notes: After a halt in trading earlier today, management at both Salares Lithium and Talisan announced this merger which will pay a premium to Salares Share holders of approx 98% based on the past 20 day average stock price. This should bring Salares stock from approx .65 cents (before the halt today) to $1.25 based on the shares of Talisan.

    In our last post we speculated that it was SQM of Chile that was interested in Salares properties in the Atacama desert of Chile, however, it appears Talison jumped on an opportunity to secure this large lithium prospect.

    In any event, those who took our advice and bought Salares after our previous post, stand to gain approx. 98% on their investment when trading resumes......Your welcome!


    Disclosure: own Salares Lithium - LIT-v
    Stocks: SQM
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  • tkiguana
    , contributor
    Comments (7) | Send Message
    I have been watching the stock market and investing for quite some time. Lithium is a necessary ingredient in both cell phones and hybrid vehicles as well as batteries. The call for lithium is rising and companies like Talison Lithium not only have a backlog but are in a better position to ship to Asia. Australia is much closer than South America. Therefore the timeliness and shipping costs will be more advantageous for this company. When more items are miniaturized lithium will be the battery that goes into these new products. This stock is a buy now as it is 30% cheaper than it was some time ago. The price of lithium has also risen dramatically.
    I wonder why this is not included in the stock LIT and also wonder why no one has tendered an offer to buy this company.
    26 Jun 2012, 02:31 PM Reply Like
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