Research, Charts & Company Announcements
Research Tree provides access to ongoing research coverage, media content and regulatory news on NEMASKA LITHIUM INC. We currently have 4 research reports from 2 professional analysts.
|24Mar16 18:00||MKW||Nemaska Lithium Confirms Closing of a $13,000,000 Private Placement|
|11Mar16 23:10||MKW||Nemaska Lithium Announces a $13M Private Placement of Which $10M Will Be Used to Finance the Phase 1 Lithium Hydroxide Plant|
|11Mar16 14:19||MKW||Nemaska Lithium Presents at 28th Annual ROTH Capital Conference on March 16, 2016|
|02Feb16 11:30||MKW||Nemaska Lithium Provides Update on Phase 1 Lithium Hydroxide Plant Construction Schedule|
|02Feb16 11:00||MKW||Nemaska Lithium Receives First Installment of $2.1 Million from Sustainable Development Technology Canada for Phase 1 Lithium Hydroxide Plant|
|01Dec15 11:30||MKW||Nemaska Lithium Receives DTC Eligibility|
|23Nov15 11:30||MKW||Nemaska Lithium Appoints Francois Biron to Board of Directors|
Frequency of research reports
Research reports on
NEMASKA LITHIUM INC
NEMASKA LITHIUM INC
VSA Battery Market Recharge
22 Aug 16
Underlying demand for lithium-ion batteries continues to be strong and lithium prices are up as a result. However, in line with our expectations, shares of the hard rock development projects, which rallied strongly between late 2015 into H1 2015 have paused. Nonetheless, the divergence in valuations between the hard rock projects and their clay and brine peers remains stark. Following key developments, such as Lithium Americas (LAC CN) JV with Sociedad Qimica y Minera (SQM US), we believe that the additional development risk associated with clay and brine projects is being addressed while cheap valuations along with strong market fundamentals mean that these projects are now attractive, in our view.
VSA Battery Market Recharge
23 Mar 16
Lithium stocks have doubled and doubled again over the past 18 months as reports of US$12,000/t lithium carbonate spot purchases have spread from China with demand growing strongly on the back of rising electric vehicle sales. Although the fundamentals of the lithium market remain attractive, in our view, we believe that stocks now appear expensive and we expect a correction following such a sharp rally. Valuations now reflect the upper end of spot price reports, however, the spot market reflects only a small portion of annual transactions and we expect annual pricing negotiations between the majors to result in more modest increases YoY to around US$8-9,000/t for lithium carbonate and US$9-10,000/t for lithium hydroxide in 2016. Furthermore, recent transactional activity demonstrates clearly the divergence between fair value and current market valuations.
VSA Battery Supply Chain Report
07 Jan 16
Proponents of battery technology have long decried its slow development when compared to the exponential growth of microchip processing capacity over the past few decades. However, a massive increase in the number of devices that require batteries, with exciting new growth sectors such as electric vehicles and renewable energy storage, has delivered significantly larger amounts of global investment into the sector. Last year, Gordon Moore, co-founder of Intel, said ‘I see Moore's Law dying here in the next decade or so’. As the sun is perhaps setting on Moore’s Law, are batteries about to get their own moment in the spotlight? In this report, we utilise the expertise across the VSA research team to produce an overview of the battery supply chain, from raw material mining to end use, highlighting the various ways in which investors can gain exposure to this important trend.
The Slide Rule
12 Jan 17
What is The Slide Rule? The Slide Rule has been designed to dramatically simplify the identification of the best companies in the UK small/mid-cap sector by making a quantitative assessment of the relative potential of each company. At its core, The Slide Rule aims to identify those companies that create genuine shareholder value through strong returns on capital and solid growth, but also present a value opportunity with the potential tailwind of earnings momentum. Companies are assessed within a Quality, Value, Growth and Momentum (QVGM) framework.
Small Cap Breakfast
24 Feb 17
GBGI—Schedule One update from integrated provider of international benefits insurance. Raising £32m at 150p. Admission expected tomorrow. Anglo African Oil & Gas— Admission expected early March. Acquiring stake in producing near offshore field in the Republic of the Congo. Guinness Oil & Gas Exploration—Publication of prospectus. Seeking to raise £50m and invest in 15 exploration companies at launch, with plans to grow the portfolio to 30 positions during its lifetime. Issue closing 23 Feb.
Sound Energy is an AIM-listed upstream gas company
27 Feb 17
Sound Energy is an AIM-listed upstream gas company with a balanced exploration and appraisal portfolio focussed on three strategic assets in onshore Morocco and Italy. The share price has trebled in the past year, following drilling success in the Tendrara licence of eastern Morocco. The work program of the next 12-18 months has the potential to de-risk additional gas resources in Morocco and Italy, providing short-term catalysts for further upside in the share price. However, any disappointing drilling results might leave the stock rather exposed given recent momentum and lack of certified reserves, although we recognise that the optionality in the portfolio would remain substantial.
Opuama production restarts
21 Feb 17
Eland has confirmed the successful restart of exports from OML 40 through the new shipping alternative that it has implemented. Sales from the export terminal are expected imminently, re-establishing cash generation for Eland. Cash at YE16 was US$11.1m which has since reduced to US$5.9m, mainly reflecting initial operating expenses for the shipping alternative. While it is early days, Eland has demonstrated its ability to restart exports and production from OML 40 following the shut-down of the Forcados terminal a year ago. Production to date is averaging around 7kbd and we expect that to ramp up as Opuama operational performance improves. At US$55/bbl Brent, we estimate Eland is generating a net cash margin of around US$25/bbl. We reiterate our Buy recommendation and 95p per share Target Price.