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Started By
Message
American Battery Technology a battery recycling play(ABML)
Posted on 12/1/20 at 2:05 pm
Posted on 12/1/20 at 2:05 pm
Anyone looking into ABML(battery recycling) its headed by some of the guys who built the Telsa Giga Factory in Nevada.
ABML used to be a lithium resource play but now they are focused on battery recycling. They purchased the land in Nevada for a pilot facility. AMBL has brought in reputable executives(I am pretty sure this isn't some pump and dump penny stock).
I think battery recycling will be huge in the future due to:
1) lack of certain rare earth metals(cobalt, nickel, etc.)
2) Batteries are not put in standard waste facilities so this is a "greener" method
This company has a 100m market cap. They have hopes to uplist.
**I have opened a small position at 7,000 shares @ .24
youtube video of presentation
Shareholder Letter October 2020
ABML used to be a lithium resource play but now they are focused on battery recycling. They purchased the land in Nevada for a pilot facility. AMBL has brought in reputable executives(I am pretty sure this isn't some pump and dump penny stock).
I think battery recycling will be huge in the future due to:
1) lack of certain rare earth metals(cobalt, nickel, etc.)
2) Batteries are not put in standard waste facilities so this is a "greener" method
This company has a 100m market cap. They have hopes to uplist.
**I have opened a small position at 7,000 shares @ .24
youtube video of presentation
Shareholder Letter October 2020
This post was edited on 12/3/20 at 9:40 am
15
Posted on 12/2/20 at 8:50 am to My2ndFavCivilNgineer
I'd be curious to know about their suppliers. IT sounds interesting and I'll have to follow their progress.
Posted on 12/2/20 at 10:01 am to Drunken Crawfish
I'd be curious how they view it as "greener" ....
EPA Superfund cleanup sites are littered with Battery recycle sites ....
Posted on 12/2/20 at 10:11 am to cadillacattack
I thought the cleanup sites were for auto style acid based batteries.
Posted on 12/2/20 at 10:26 am to My2ndFavCivilNgineer
It's definitely an interesting company to watch.
Nobody can argue with the idea that we need to get better at recycling all of the batteries that are in use rather than just throwing them in a landfill.
Whether ABML is THE company in that effort might take a little while longer to figure out.
But I've added it to my watchlist. Thanks.
Good for chuckle, when I pulled up ABML's financials on Yahoo and looked at their most recently posted balance sheet, I realized it's not every day that I look at a public company's financial statements and see that I have more cash on hand than that company does.
Nobody can argue with the idea that we need to get better at recycling all of the batteries that are in use rather than just throwing them in a landfill.
Whether ABML is THE company in that effort might take a little while longer to figure out.
But I've added it to my watchlist. Thanks.
Good for chuckle, when I pulled up ABML's financials on Yahoo and looked at their most recently posted balance sheet, I realized it's not every day that I look at a public company's financial statements and see that I have more cash on hand than that company does.
Posted on 12/2/20 at 10:29 am to LSURussian
quote:
Nobody can argue with the idea that we need to get better at recycling all of the batteries that are in use rather than just throwing them in a landfill.
Whether ABML is THE company in that effort might take a little while longer to figure out.
My thoughts exactly. I'd be curious to know how waste management handles battery recycling currently.
Posted on 12/2/20 at 11:35 am to My2ndFavCivilNgineer
In no way do i believe this is a winner takes all market, but the biggest potential competitor is Redwood Materials. Redwood will potential use a smelting to breakdown the respective metals where as ABML will use a fluid technology(in no way do I understand this, the current Chief Technology Officer was employed at Tesla and has a lot of patents in his name).
ABML is def something to keep an eye on
ABML is def something to keep an eye on
Posted on 12/2/20 at 11:40 am to My2ndFavCivilNgineer
I got in at .16 and am going to be expanding my position as it climbs. (hopefully)
Posted on 12/3/20 at 10:47 am to My2ndFavCivilNgineer
Thinking about getting in here but that wording about uplisting is basically a guarantee that they’re planning a reverse split which is just not fun...
Posted on 12/4/20 at 7:40 am to Fe_Mike
Up 25% on very low volume in pre market. Hmm...
Posted on 12/4/20 at 8:13 am to My2ndFavCivilNgineer
Competitors in the space so far are Redwood Materials and Aquametals. But it is the very early innings.
Posted on 12/4/20 at 8:25 am to My2ndFavCivilNgineer
[/url] Up 3.50% Nice!
Posted on 12/7/20 at 10:17 am to 1sentenceshort
American Battery Metals Corporation Closes Preferred Stock Private Placement for a Total of $2.7 Million - Yahoo Finance
LINK
LINK
Posted on 12/8/20 at 12:38 pm to Drunken Crawfish
Down today almost 10%. I don't see any news to cause it.
Posted on 12/9/20 at 8:39 am to My2ndFavCivilNgineer
I am getting out of this name the more I researched the more it seems like a Pump and Dump.
I will keep an eye on the name. As I stated earlier I want to have a piece battery recycling
I will keep an eye on the name. As I stated earlier I want to have a piece battery recycling
This post was edited on 12/9/20 at 8:46 am
Posted on 12/9/20 at 9:15 am to My2ndFavCivilNgineer
quote:
the more I researched the more it seems like a Pump and Dump.
What specifically is pointing you there? not saying you are wrong, just curious.
My hesitation is I can't see where they have filed for any environmental permits by looking at the NDEP website. If they now own the acreage and intend to build the plant I would think there would be permit filings by now. Maybe there are I just can't find them at this moment.
Posted on 12/9/20 at 9:52 am to Dock Holiday
quote:
What specifically is pointing you there? not saying you are wrong, just curious.
Two Reasons:
1) ABML started out as a lithium mining company, to extract lithium out of brines(sound familiar). They don't have the tech, so they hired the ex-Tesla guy Ryan Melsert to pivot to battery recycling. I initially loved the company due to the addition of the CTO Ryan Melsert, but I read more about the CEO and watched videos of him speaking; he seems like a shady character(unnecessarily pumping the stock constantly). If they eventually get rid of the CEO, Doug Cole, I will pay more attention to this name.
2) If the recycling process was so groundbreaking, why did Tesla and Ryan Melsert part ways?
Posted on 12/9/20 at 9:57 am to My2ndFavCivilNgineer
To add on to this, the name change is always a red flag.
Changing the name to include “technology” so the market associates them more with a booming tech sector than a middling mining sector is on page one of the pump and dump handbook.
Changing the name to include “technology” so the market associates them more with a booming tech sector than a middling mining sector is on page one of the pump and dump handbook.
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