Dines refreshes his Leading Edge buy
JAMES DINES, writing in the Aug. 11, 2017, issue of The Dines Letter, refreshes his buy of Leading Edge Materials Corp. at 81 cents. He first said buy on April 7, 2017, at 37 cents. An investment of $1,000 would now be worth $2,188. Mr. Dines says Leading Edge is his favourite battery pick. The company has been test mining graphite at its Woxna project in Sweden, where tests have shown that the graphite is suitable for lithium-ion battery cells. On July 27, the company arranged to work with Northvolt AB, a European battery manufacturer, to build a large battery-manufacturing plant in Sweden. Mr. Dines says that several European automotive companies plan to build battery manufacturing plants, but he is unsure of where they plan to obtain their graphite supply. He says there is really only one place to get graphite these days: China. Volkswagen would like to build its own plant, the editor says, questioning where the company plans to get its graphite. Volvo also plans to launch only electric or hybrid models from 2019 on. Volvo, Mr. Dines points out, will likely be able to obtain Chinese graphite, as it has a Chinese owner.
Robert George Atkinson, Nick DeMare, Michael Robert Hudson, Mikael Ranggard, Mark Stephen Saxon, David Blair Way
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