So far whoever borrowed my shares is paying through the nose in interest and hasn't closed out yet. It's a good deal for those of us loaning out the stock, but I don't think the shorts are going to make any money in the near term.
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So far whoever borrowed my shares is paying through the nose in interest and hasn't closed out yet. It's a good deal for those of us loaning out the stock, but I don't think the shorts are going to make any money in the near term.
This could boost some US materials suppliers
finance.yahoo.com
Senators Urge Biden to Invoke Defense Act for Battery Materials
(Bloomberg) -- U.S. Senators sent a bipartisan letter to the Biden administration Friday afternoon asking the president to invoke the Defense Production Act to accelerate production of battery materials that are needed to power electric vehicles.Most Read from BloombergUkraine Update: U.S...
We know the PERFECT company to do this and it wouldn't destroy the land...TMC.This could boost some US materials suppliers
Senators Urge Biden to Invoke Defense Act for Battery Materials
(Bloomberg) -- U.S. Senators sent a bipartisan letter to the Biden administration Friday afternoon asking the president to invoke the Defense Production Act to accelerate production of battery materials that are needed to power electric vehicles.Most Read from BloombergUkraine Update: U.S...
Do we have any idea how the Defense Production Act works with regard to company revenues? I know it has been invoked in the past, but a quick google didn't help me to understand how healthy the financial consequences of having your business directed to do a specific task by the Federal government would play out. Any resources would be appreciated.
Their stock has been slowly climbing out of the basement in the last week or two. I do agree with @JRP3 it is not guaranteed to work, but if it does, it will be a tremendous resource haul.
That combined with the short borrow fee sky rocketing makes me think that someone is buying up a lot of it.
I just sold my high priced ABML shares today to book the loss, still have the lower priced profitable ones. I'll assess again in 30 days to see if I want to buy back or not depending on price and outlook.
Whoever borrowed my TMC shares is losing money. They borrowed it several weeks ago and it's gone up about 75 cents since then. The interest rate is nose bleed territory. I guess I'm making money on the deal...
Sold a small portion of my MP holdings today to lock in profits, I'll buy back if a significant drop happens though I'm not expecting one.
Vale and Tesla
finance.yahoo.com
UPDATE 1-Tesla signed secret nickel supply deal with Vale - Bloomberg News
Tesla Inc has signed an undisclosed deal with Brazilian mining company Vale S.A. for the supply of nickel to the electric car maker, Bloomberg News reported https://bloom.bg/3uDKqhN on Wednesday, citing sources. The price of nickel, which is essential to making batteries for electric vehicles...
Maybe some of the reason for Lake gains https://lakeresources.com.au/wp-content/uploads/2022/03/lke_hanwa-mou_29-mar-22.pdf
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