Eli Lilly, makers of Prozac, knows that Prozac is a lucrative market. Even Prozac for dogs, or Reconcile(TM) as it was labeled beginning in 2008, is a market whose revenues alone eclipse those of a majority of OTC listed companies. It turns out that 10% to 20% of canines when anxious may bark, chew household items, or urinate in inappropriate locations when left alone. These dogs either have separation anxiety or are, well, dogs. Clearly the key for Eli Lilly is taking veterinarians on Caribbean junkets to make sure it’s the former.
Wait a moment. Terribly sorry. It turns out that Lithium Exploration Group (LEXG) is a U.S. Based development company focusing its efforts on Western Canada for the short-term monetization of lithium brines through acquisition and development.
On Monday, it also announced that it had finally come to terms in principle with Glottech for the funding and completion of its Ultrasonic Generator Unit. The unit is expected to play an integral part in the exploitation of its Valleyview project, and the companies seem to believe that the electrical problems that plagued their joint venture have been eliminated and they no longer see any material bumps-in-the-road that can’t be smoothed out imminently.
Lithium Exploration Group has been plagued with, as many companies in all industries have been, a recessed global economy. As well as this “Ultrasonic Generator Unit.” Lithium, at present, is the most explored and promising “green” option for powering automobiles and heavy machinery by battery. Until cars are run by one’s own feeling of self-righteousness, lithium is the greenest option.
Even in China, where “green” is generally reserved for air color, the National Development and Reform Commission announced earlier this year their intention to subsidize purchases of at least 4 million energy-efficient vehicles by 2013. Depending on when this article is edited and published this evening, this may not prove to be the case. With China’s Q2 GDP announcement scheduled for 8:30 PM EDT, that promise could disappear. An expected growth of a mere 8% this year, the envy of most countries, is tantamount to wholesale failure in the Middle Kingdom.
Thus the problem with companies like Lithium Exploration Group.
Investors, however, have seen a great week for Lithium Exploration Group, well, a great Thursday. Trading began Monday and remained largely unchanged at $0.44 until Wednesday’s close. Within the first half hour of trading today, Lithium Exploration Group had surged to $0.59 before its chart began to sketch that place Bruce Wayne trained with the ninjas in Tibet in Batman Begins before all of sudden moving to Denver and closing the day at $0.57 for a 27% gain with 572,000 shares traded.
Lithium is a lucrative future market. The problem, however, firmly resides in the present. Keep an eye on Lithium Exploration Group and its Valleyview facility in the coming months.
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