Welcome back to the channel everyone, when you look at the global commodities dashboard
it’s hard not to notice the explosion which has happened to the price of lithium.
It is now sitting up 436% YoY, at over 482,500CNY per tonne and that’s about $75,000 per tonne.
So this growth and the outlook of lithium demand is propelling the entire lithium sector right now
because lithium of all kinds is in short supply, needless to say any ESG friendly supply is even
tougher to find. And this makes products like Lake Resources highly sought after for carmakers.
And so in this video, I share with you updates on Lake Resources which has done very well so and
why some analyst feel that Lake is not done yet, and could have another 10X upside from
current levels which is huge. And if you feel you missed out on Lake then you want to make sure you
watch right through to the end, as I have a new banger for you, which no one is talking
about and could run like Lake Resources in my view. So you certainly don’t want to miss that.
And so if you hold any lithium plays in your portfolio please drop a like on the video and
let me know what you’re holding in the comments section below. If you are new to the channel,
please subscribe and turn on the notification bell so you never miss out on any of these gems from
the channel. These gems are OTC penny stocks and so a decent platform to access them is Interactive
Brokers and through this platform you can buy some of this lithium and ev battery stocks directly
from the Australian market way before they hit the OTC. As this award winning platform has some
of the lowest costs in the industry including some zero commission trades across 135 markets.
So regardless of where you are in the United States,
Europe, Asia or Australia you would be able to open an account with them and also get most
of the single, double and triple zero penny stocks which we have called on the channel.
So check it out from the link in the top pinned comment and see for yourself. Thank you
That said let’s get on with it with our first stop, which is Lake Resources (LLKKF,
LKE) which we first called here on the channel at 25 cents per share
and it is now sitting at over $1.50 giving most of our viewers over 500%
gains which you can see here. The gains are even more for those viewers who got in earlier. Lake
actually touched $2 per share before giving up some of those gains to settle at current levels
which is a decent pull back for those who were looking for dips to add more
or jump in for the first time, as the journey to paradise has only just begun with Lake.
And when you take an extended look at the journey Lake has been through from 2020,
from when it kicked off at 9cents per share that’s incredible gains in excess of 1500%, wow,
which are only bound to continue and not showing any signs of slowing down soon. So please drop
me a comment below if you got in on Lake and at what price. We call these gems early in the
discord and so if you want to get in early on some of these gems, you want to check out the
discord from the link in the description below. So here’s what’s new with Lake since our last update.
Lake and Ford recently signed a non-binding MoU to negotiate for lithium offtake from
their Kachi Project for potentially half their Argentinian clean lithium supply.
They secured an offtake proposal with Ford with a non-binding MoU for approximately 25,000tpa of
lithium from its Kachi project in Argentina. And this really means all of Kachi’s planned
50,000tpa capacity will be covered by offtake proposals after the announcement last month
of a 25,000tpa supply deal with Japan’s Hanwa Co., which we covered in our last video. And
so although negotiations are continuing with both parties as both are non binding MoU’s,
this second offtake collaborator, further de-risks the project for financers and investors.
Lake managing director Steve Promnitz said Both Lake and Ford see this as an opportunity for a
potential long-term agreement with the ability to scale up environmentally responsible production
and participate in Lake’s other projects to ensure high-quality lithium products are available
to Ford,” He said, this MoU with Ford supports Lake’s strategy to be a key independent supplier
into global lithium supply chains and ensure the security of supply to customers
Lake’s Kachi project is distinct from other Argentine brine developments in that, it plans
to use direct lithium extraction technology to produce lithium chemicals in a cleaner,
less water intensive process. Which is hugely beneficial due to the increasing customer and
consumer scrutiny around lithium production’s environmental and ethical credentials.
And one broker Bell Potter tipped Lake to be the lithium share to buy with the share price
set to rocket by more than 42% to hit $2.83AUS. They said LKE has now announced two non-binding
Memorandum of Understandings covering all of the proposed 50ktpa initial lithium product offtake
from its Kachi Project (LKE 75%). The Hanwa Co., Ltd non-binding MoU (announced 29 March 2022)
for 25ktpa will potentially align LKE with Japanese battery and auto manufacturers.
And Today’s announced non-binding MoU with Ford covering the remaining 25ktpa adds a further
highly credible potential counterparty with a focus on North American markets.
The agreements and the counterparties add support to ongoing financing and predevelopment activities
for Kachi. They also highlight auto manufacturers’ increased interest in participating further up the
battery minerals supply chain and with an eye to the ESG credentials of raw materials providers.
So they have upgraded their valuation to $2.83/sh (previously $1.82/sh), which is
absolutely a brilliant position for Lake. Its like announcing a concert
and tickets selling out before you’ve even booked a venue. How cool is that?
And it gets even better as this is just the icing on the cake for me with Lake where
analysts at Simply WallStreet say Lake is trading at 90% below fair value with earnings forecasts
to growth at 97% per year which is just massive. And what this really means is that they see a fair
value potential for Lake trading at $20AUS which is a 10X upside from current levels
which is a humongous upside. And when you look at the future growth outlook, its one word for me
– parabolic - which is just insane. And not only that it is earnings and revenue growth
outlook which are set to outperform the market by 97% and 89% respectively. Just s too brilliant.
So if you want to be able to do robust analysis on your stock picks before investing in them,
you want to check out Simply Wall Street from the link in the description below.
They are offering a 14 day extended free trial and unlimited company views are automatically applied,
for any user who uses my referral link below. So check it out if of interest.
Next up to our number 2 lithium penny stock which I feel has the potential to run like Lake
is is Xantippe (Zan-tip-ee) Resources Ltd which is rare junior miner listed on the Australian
exchange under the ticker (ASX: XTC) but its not impossible to jump in on it as if you like what
you see and need a platform for this, IBKR is your answer from the link in the description below,
as you wouldn’t see this on Webull or Robinhood.. Xantippe is currently sitting at 1.4AUS cents
per share with a market cap of $105m. So a much smaller cap than Lake ever was in the last 2years
but with lots of upside potential. Its worth calling out that this is a highly risky and
speculative play and so only consider it, if the price is right for you and
if you like what you see in their business model. So here’s what’s new with Xiantippe.
Xantippe Resources (ASX:XTC) is an ASX-listed company focussed on the discovery of precious
metals in the renowned gold producing region of Southern Cross, Western Australia. In addition to
its assets in Southern Cross, Xantippe Resources also maintains an interest in a number of resource
projects located in South Korea. These projects include various graphite and base metal deposits.
They have also began developing lithium brine in the heart of the South American
triangle which has rich resources of lithium which they are looking to commercialise. And
this is where things begin to get really interesting with this play
as they begin to draw parallels with Lake in their latest investor presentations.
They say they have over 4 tenements of land totalling over 12,400ha in the Catamarca
region in Northern Argentina, in the heart of the lithium triangle. And Xiantippe’s land position
lies East of Lake Resources and offers potential for further acquisition by Xiantippe,
as the northern sector has more than 17,000ha which is under negotiation for acquisition.
In terms of their outlook and next steps, they called that the Direct Lithium
Extraction (DLE) process has shown that lithium can be processed at a more time efficient and
environmentally sustainable way. And with about 9 DLE methods being trialled in South America,
none is yet to be successful in commercial production
and so they are looking to enter into an agreement with a technology team in South Korea and they
believe that the technology will be commercially viable and cost effective within 12months.
Wow, I feel this is not only very bold but very ambitious for this junior miner which appears
to be catching up on the lithium extraction development. And they added that their step 1
will be an initial drilling programme in Argentina to provide brine sample for metallurgical analysis
and entering into a formal collaboration agreement by June 2022 which is just 3months
away. Again some tangible milestones there which I feel should Xiantippe deliver to,
would be explosive to their share price. What a high risk high reward opportunity here.
So some very very interesting and mindblowing prospects ahead for these penny stocks
but only consider getting in if the price is right for you and if you fully understand the risks.
This video is not financial advice, a buy or a sell recommendation, but is meant to bring some
new and exciting penny stocks to your attention for you to do your own research.. As always I
would love to hear from you, so please let me know your thoughts on these top penny stocks
in the comments section below and what other penny stocks are catching your eyes lately.
And If you are new to my channel, please ensure to subscribe and hit the bell so you are notified
when I upload new videos. If you would like to see more videos like this, please check out this
video right here or this playlist right here to watch equally insightful content from the channel.
Thank you so much for being here and I look forward to have you in my next video. Thank you