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Https://www.gov.uk/government/news/joint-outcome-statement-uk-india-round-eleven-fta-negotiations
Interesting that Tesla are getting involved in India.
Not related to here but just a theorist's view of mine
This BBC programme makes it clear that the TVL refining plant is going to be in huge demand and should lay to rest any sceptics about its future ….
https://www.bbc.co.uk/iplayer/episode/p0fzlswg
What are you hearing about the progress of the Department of Defense paper to Congress? i.e proposing restrictions of buying Chinese critical metals....... etc
VIS - 2 possible reasons for me in the decision but i take it slightly different.
1 - Telling China to get stuffed. Australia has all the High Grade Spodumene they need.
2 - Making a statement to ALL world countries that Australia will NOT give away its resources to anyone and although not totally killing the Albemarle deal - still appox 50/50 in Kemerton, they are standing up and saying they dumped China so watch out , pay fair prices and give us good deals.
I believe this to be true after emails with an Ozzie businessman. Melbourne.
The Australian public are beginning to kick off about being "used" by the big boys. The Australians are a very tough bunch and very hard nosed. They take no BS and can see public unrest, so are making a stand against the most unliked power first.
Its a BIG statement not to F with them , they hd the aces.
If the US, China, Russia, UK dont like it , go the crazy town Aftica or S America and see how long the deals last !!! Pay up or gamble.
MO
Very interesting find. How do you explain that change? An Australian company retreating from an arrangement with a US company.
Https://www.mining.com/minres-backs-out-of-chinese-investment-deal-with-albemarle/
TheeDuke.....ALK are VERY keen and incentivised to keep shares in issue low. If they get this right this has serious potential for value creation.
Https://www.somersetlive.co.uk/news/somerset-news/somerset-gigafactory-looking-back-four-8616700
I have regularily said Musk is looking at the UK and did visit Somerset over 18 months ago , also heavily posted on CUSN at the time.
His current position is UK decision by the end of the year.
WATCH the free space in the North & South West.
He will come and try and take the market with right hand drive PLUS using his new UK TESLA ENERGY Company.
JV with Pilbara 50/50 split - 70/30 on.
JV with Tesla as it cuts hus costs direct to Hydroxide plus Altilium with copper, nickel, REE's next door in Teesside within a lorry drive across the road ???
WATCH THIS SPACE
Https://innovationorigins.com/en/green-innovation-fund-boosts-uks-pioneer-in-ev-battery-recycling/
TVL plant would need to see physical scale up to even think of bidding for offtake. New factory in Devon, BUT building on Teesside next to TVL.
Scale up to supply adequate tonnage will take them towards summer 2024
YepI think that is correct. Especially with the low equity in issue.
If they can get finance in for the job lot at an average of approx £2.00 then thats good enough for me
Hi MO. Just to be clear the £5 target for Train 1 is yours? I think the directors are hoping for much more than that.......
49.49% of the company ....
Big old voting block for a JV / BUYOUT....
Pretty much as much as they could get without having to bid for the whole company !
Perfect for JV profits OR prefect to SELL OUTRIGHT
;-))))
"As such, Mr Atherley has agreed that an amount of £330,000 currently owing to him by the Company shall be treated as an advance in the form of an unsecured, interest free loan and Mr Quinn has agreed to advance the Company £100,000 in the form of an unsecured, interest free loan. The Company has agreed with Mr Atherley and Mr Quinn that the amounts to be repaid to them under such loans should be applied for the subscription of 235,714 new ordinary shares in the case of Mr Atherley and 71,428 new ordinary shares in the case of Mr Quinn, in each case at the Placing Price, with these subscriptions expected to take place at the earliest possible time permissible, which is envisaged to be in or around August 2023. "
On this transaction alone approx £350,000.
@ £5.00 thats £750,000 PROFIT !!!
just a guess but getting the shares awarded in August is like F in christmas day.
Let the news flow.
Keep in mind 3 thing :-
1 - The greed of these guys not doing it for chip paper
2 - The issue is a fraction of the 49.49% the Bod have
3 - £5.00 is JUST a target for train ONE not All 4 trains.
How much do you think the sp will be once train 1,2,3 & 4 are upand running.
The Bod are in it for double digit millions of profit minus Cap Gains Tax
Theorist and Patch. My theory is above.
What would you do ?
1 - Make a s@#£t ton of money or
2 - W#@£k it all away by being a F wit ?
Me - "SHOW ME THE MONEEEEEY"
Hi MO. Why would the issue of equity in August be an issue? Its just the repayment of the loan that PA and SQ provided (at zero interest). They will not be selling any shares. As Adam has pointed out there are no options at £1.45. Plus options are cannot be exercised until the share price is higher than £5 or £10 for 10 consecutive days depending on the options. Plus vesting of 2/3 of the options are dependant on achieving finance and commissioning.
As was pointed out to me:
"In addition the share options will only be exerciseable if the share price of the Company is in excess of £5 per share for 10 consecutive days."
Still have the issue of equity in Aug # £1.45p so I'd expect the pull back.
However the JLR news has been reaching global reporting which has given ALK a mini boost.
Hoping for £1.90-2.00 but if not I still expect a fall to £1.30.£1.45p in early Aug.
Then it will be very interesting in to September October.
90days is nearly up ;-)))
https://www.lse.co.uk/rns/ALK/mou-on-process-to-unlock-major-lithium-feedstock-fvxme6kujhjeu0d.html
August the CEO gets his £1.45p options.
The Theologist's boss's are the ones selling ALK & PRE down, their Messiah is well known for it. He also has a personal gripe with our Chairman going way back to the Normandy / Leyshon restructure.
The MAGIC 10P spread 👍
Buying is usually strong on a 10p spread , my total guess / THEORIST view is £1.90-2.00 close 🤞🤞🤞
Https://twitter.com/globallithium/status/1681802024625602560?s=09
30p gap is usual.
20p gap is when there is interest.
10p hardly seen and when its normally on speed.
30p is normal with buying and selling usually within 10-12p from after first 30 and last 30 minutes.
Thats quoted spread, but you could buy at 1.89 and sell at 1.77 for most this afternoon, it’s often around 10/12p real spread
So is the spread 17 %
With Tesla looking to get quickly in to India with a gigafactory probably inc hydroxide processing, i would imagine JLR Tata will be a bit short of lithium hydroxide with the Indian tata connection ?
Https://twitter.com/alkemycapital/status/1681963769612623873?s=46
Coverage of Tata’s £4bn gigafactory investment in UK by @Channel4News
Europe has a major shortage of #Lithium production capacity
#ALK’s #Lithium hydroxide processing facility will represent c15% of Europe's demand by 2030 & will be located in a world-class chemicals park