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Trikidiki3
I think you have a Green(s) light.
Never mind SC and UD, what about Carnkie? I need to know if it is worth me planting my winter vegetables.
https://www.hl.co.uk/shares/shares-search-results/e/e3-metals-corp-npv/company-information
and
https://e3lithium.ca/imperialagreement/
E3 lithium CEO BUYS in again.
https://www.defenseworld.net/2022/06/27/christopher-doornbos-buys-12500-shares-of-e3-metals-corp-cveetmc-stock.html
Not long before the UK SHELL / BP / INEOS start to look strongly at CUSN & CL & BL and the others people in Cornwall are invested in.
EXXON / MPERIAL buying in to E3 first drill is why I asked my question.
It is clear now that the money the oil and gas companies are now making is up for being ++ Taxed by global governments struggling with population unrest and lack of money.
The Majors would be well advised to get that extra money reinvested asap to move it off the balance sheet to a non taxable asset ???
Bonkers not to plys they will be buying in to their own greener futures and looking pro world rather than climate killers.
The RWE is that not the 'B' word exit coming in to play ? Greedy is always the way and a strong asset to punish others with. Have China and Japan not played this card already ? Anyway its the way of the business world and big money.
Once Putin turns off the taps .... Lets see where the shrapnel of coins land for investing in lithium & hydrogen !
Good to talk once again VIS.
Here is the FT headline relating to just one company - and it is not even an oil company
"RWE warns UK tax on electricity generators would risk £15bn investment in renewables"
Good morning MO. Nice to read your posts.
The majors have loads of cash due to the extreme price of oil at the moment. The point they are making to the UK government is, why should we invest in projects to produce oil and gas in the UK domain- onshore and offshore, -when you wish to take the majority (65%) of any profit we make? Furthermore, having been on the receiving end of the green agenda until recently, they are concerned that may come back and hit them if the Ukraine war ceases and demand for UK oil/gas drops again. They say better to leave it in the ground until taxes come down and the situation is clearer. Huge investment is on hold now because of Sunak' tax plans and price uncertainty. I read one company is holding back on a £15bn investment in the UK as a result. Political vote winning appears to have cost us many billions of investment, thousands of jobs and energy security.
This does mean the oil majors will be looking for other ways to utilise their cash. But again, why would they choose the UK when their profits are going to be confiscated?
If they wish to buy CUSN my guess is that they would set up an investment vehicle in a country with an acceptable tax regime, fund it with cash and debt, so that the profits from CUSN would be reported outside the UK.
By the way - its Cornish Lithium (not CUSN) that has the near 20% investment from TechMet.
CUSN have a large shareholder in Blue wave Resources, Sir Mick Davis's investment vehicle.
EXXON / IMPERIAL buying in to E3 first drill is why I asked my question.
It is clear now that the money the oil and gas companies are now making is up for being ++ Taxed by global governments struggling with population unrest and lack of money.
The Majors would be well advised to get that extra money reinvested asap to move it off the balance sheet to a non taxable asset ???
Bonkers not to plys they will be buying in to their own greener futures and looking pro world rather than climate killers.
The pressure is huge on these guys. CUSN or CL could easily be bought out or JV even by just one global oil & gas company.
Have a look at who TechMet are in bed with ...
With the huge amount of drilling going on in Cornwall recently I think the analytical lab has been swamped. It s also possible holidays have intervened. I agree, we should be hearing something shortly though. I suspect the focus has now switched to SC from UD but I am with you, eager to hear the latest from UD.
Otherwise I saw this Reuters report on the Stellantis investment in Vulcan. Interesting to see they invested at a considerable 32.4% premium. That bodes well for CUSN's holding in Cornish Lithium and CL itself.
June 24 (Reuters) - Carmaker Stellantis (STLA.MI) will invest 50 million euros ($52 million) to buy a 8% stake in miner Vulcan Energy Resources (VUL.AX), becoming its second largest shareholder and extending to 10 years a supply agreement for climate-friendly lithium.
Vulcan, a German-Australian start-up, is one of a number of companies testing a direct lithium extraction (DLE) method that uses less land and groundwater, making it more sustainable than the most-common open-pit mines and brine evaporation ponds.
Stellantis Chief Executive Carlos Tavares said on Friday the deal was part of the automaker's strategy to form strong relationships with partners amid a collective effort to fight global warming and provide clean, safe and affordable transport.
"Making this highly strategic investment in a leading lithium company will help us create a resilient and sustainable value chain for our European electric vehicle battery production," he said in a statement.
Stellantis, the owner of brands including Jeep, Peugeot, Fiat, Citroen, Maserati and Opel, has a plan to for battery electric vehicles to make up 100% of its European passenger car sales by 2030.
In November last year, Vulcan and the Italian-French group had signed an initial binding deal to supply between 81,000 and 99,000 tonnes of battery-grade lithium hydroxide from Germany to Stellantis for five years from 2026.
Australia-headquartered Vulcan said in a statement it would issue about 8.5 million shares to Stellantis at A$6.622 per share, representing a 32.4% premium to the stock's Thursday closing price. Its shares closed Friday's session up 26.8%.
Vulcan, which now has lithium supply deals with French automaker Renault SA (RENA.PA), Belgian recycling group Umicore NV (UMI.BR) and South Korea's LG Chem Ltd (051910.KS), said it would use the proceeds to expand drilling at its lithium-extraction project in the Upper Rhine Valley, Germany."
Drilling results are due , but more do over due?
Any thoughts ?