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DP, please stop talking absolute garbage. Have you read the cez/emh agreement? No decision can be made at board level without a unanimous
decision. So please stop it......
That's why they cannot make money on EV. Auto adopted the buying model for parts they cannot make she**t.They have to vertically integrate to drive down costs. Look at the I. D4 perfect example of she**tshow.Tesla makes nearly everything in house they have best software and hardware engineers in the world. This allows them to Inavate and drive costs down.
FRANKFURT, June 15 (Reuters) - Volkswagen (VOWG_p.DE) is in talks with suppliers to secure direct access to raw materials for electric vehicle (EV) batteries via partnerships, one of its board members told Reuters on Tuesday.
FRANKFURT, June 15 (Reuters) - Volkswagen (VOWG_p.DE) is in talks with suppliers to secure direct access to raw materials for electric vehicle (EV) batteries via partnerships, one of its board members told Reuters on Tuesday.
https://www.reuters.com/business/autos-transportation/volkswagen-seeks-partnerships-battery-materials-race-2021-06-15/
I think this is right. Why would a car manufacturer be buying raw materials in this way, they buy their batts from a battery manufacturer. Car companies dont buy copper to make the wires nor do they cadt their own alternators and water pumps..
CEZ have to compete for Li from Geomet along with everyone else. Stop talking ruibbish.
Short term media attention seems to have a larger effect on share price that rational expectation. Things look much brighter than they did on Battery Day but there is no big splash. Maybe we will get some press around the VW boss trip to the Czech Republic. The interview with the Czech government minister looked to me to be pretty near an off-take agreement with VW. Maybe that will be announced soon?
back test of 80p as the new support level before we start to rise again. hopefully...
When VW 'battery day' came in we flew over 1 GBP.
Now everyone knows VW (etc) are lining up miners & the EU wants it nearly all local...yet we float -90p.
What exactly is going on with this SP.
It's massively undervalued right now!
https://seekingalpha.com/article/4434843-all-ev-roads-lead-to-lithium-miners-and-battery-producers
FRANKFURT: Volkswagen is in talks with suppliers to secure direct access to raw materials for electric vehicle (EV) batteries via partnerships, one of its board members told Reuters on Tuesday.
https://auto.economictimes.indiatimes.com/news/auto-components/volkswagen-seeks-partners-for-battery-materials-race/83549816
Whilst there is lots of room for every project within Europe there are severe headwinds for many...... someone asked for evidence of issues associated with Savannah (https://www.mining-journal.com/politics/news/1410731/locals-threaten-to-block-savannah-lithium-project)
Infinity has just had its exploration permit revoked (https://www.google.co.uk/amp/s/themarketherald.com.au/infinity-lithium-corporation-asxinf-shares-crash-amid-spanish-permit-cancellation-2021-05-17/amp/)
Vulcan will face a massive fight with the German environmental lobby as they try to get permission to extract lithium directly from under the most populous area of their nation...... meanwhile EMW/Geomet/CEZ are developing an historic mine in an old mining province where jobs in coal mining are being lost every week...... hence the huge support at regional level..... you work it out.
The European Battery Alliance investor presentation lists SAV as the first to market which agrees with DP's statement. EMH is further down the timeline, the other two being promoted by EBA currently are Infinity and Vulcan.
Keith Coughlan alluded to this in a recent interview where he acknowledged offtake discussions are currently focussed on Spodumene/Hydroxide.
Nothing announced officially DP (though I’m sure you are aware of the story) if it had been you would be down even more than the 30ish% you already are since you made the switch to SAV.
Would I be right in observing that two of his top 3 (Savanna and Lithium America’s) have each announced serious objections from their local environmental lobby in the last week...... great research Matt!
Forgot to add, to his credit he is talking of 2023 production. But that does not change his earlier newsletters where one had/has to unendingly scroll to simply find EMH.
Always has been the case. Even on months EMH had big news, it found a couple of lines to half a paragraph at best. Early this year EMH was not even being listed in their newsletter. There was at least one guy who consistently asked why EMH was never mentioned in the comments section, of course never found a reply I guess. I stopped expecting any decent updates from them. This adds to the discussion other day where you said how lowrys views possibly affected EMH SP.
EMH gets an “other” mention.
https://seekingalpha.com/article/4434677-top-3-well-valued-lithium-juniors-with-near-term-production-potential