Member Info for EV_Bull

Well Lithium prices are still insanely high and demand isn’t going to disappear, it’s only going to increase, the big players will have to stump up at some point in time to secure supplies.

All takes time, lots of paperwork, preparing prospectus etc. The website has been up for a while now with logo etc.
:-)

The 2015 RNS on the Tesla deal previously..... http://irservices.netbuilder.com/ir/cadence/newsArticle.php?ST=REM&id=1577496

https://www.reddit.com/r/CadenceMinerals/comments/yk5cg2/comment/iurckx6/?utm_source=share&utm_medium=web2x&context=3

Mexico City – President Andrés Manuel López Obrador (AMLO) said on Monday, October 31, that the so-called Sonora Clean Energy Plan seeks to promote the production of electric cars and auto parts in northern Mexico , participating in the conversion of the industry, which seeks to leave behind the use of engines powered by fossil fuels.

In his morning conference, AMLO said that the issue was discussed in the meeting he held in the northern city of Hermosillo in the border state of Sonora with the White House special envoy for Climate, John Kerry, last Friday, and in which was also attended by representatives of the American automotive giants Tesla, GM and Ford, as well as directors of companies in the energy sector.

Tesla will come to Santa Catarina (Nuevo León, Mexico). The investment will be finalized in the coming weeks; after the end of the year it will be announced. The commitment is that it must be completed immediately after the start of 2023. We know that it will generate employment and it will be located in the only area available, which is the west of that municipality. It is not possible to inform more, because there is a confidentiality contract.

Sonora plan in full swing to provide Lithium to this surely!

https://www.investi.com.au/api/announcements/has/0e7c5c76-27b.pdf
L1 have a 12% interest as of October so they lent some of their shares out via MS.

They borrowed the shares from MS for their fund's trading purposes and then returned them to MS.

It was these guys:
https://www.l1longshort.com/
Morgan Stanley & Co. International plc for itself and as agent and trustee for and on behalf of the other Morgan Stanley Companies and
L1 LONG SHORT FUND LIMITED

https://www.regalfm.com/site/content/
Morgan Stanley & Co. International plc for itself and as agent and trustee for and on behalf of the other Morgan Stanley Companies and
EQUITY TRUSTEES LIMITED AS RESPONSIBLE ENTITY FOR REGAL INVESTMENT FUND

MS had to declare as acting on their behalf and MUFG partially owns MS had to also declare the same thing.
https://www.morganstanley.com/press-releases/mitsubishi-ufj-financial-group-to-invest-9-billion-in-morgan-stanley_6962

I would refer you back to this as the most likely outcome, especially the three names were all at the meeting with John Kerry, nobody believes it for whatever reason but it's a big deal.
https://www.reddit.com/r/CadenceMinerals/comments/tz8dyd/exclusive_ganfeng_eyes_us_oems_for_strategic/

China’s largest lithium producer said that an investment by Ford, GM or Tesla would provide them with reliable supplies of lithium that can be easily shipped across the border to plants in the US.

“We are open to having strategic investors in the Mexico project, together with investment we could have an offtake agreement with them,” Wang Xiaoshen, vice chairman of Ganfeng, told Benchmark. “They are also interested in having a local supply chain closer to home, a reliable local supply chain.”

I guess wait and see then, the market seems to have Sonora as with zero so massive upside if there is a good outcome for our tenements. I suspect all will be revealed soon.

If they claim to have lithium in Bacanora then clearly a deal is already stuck and will be announced/ formalised in due course. Market doesn’t seem to think so but evidence points to a deal between LitoMx and Ganfeng will be announced soon IMO. I can’t see any other way for them to have Lithium ready to go within the next five years or so.

The Secretary of Foreign Relations, Marcelo Ebrard Casaubon, commented that as a result of the conversations between the president of Mexico and the United States, in the High Level Economic Dialogue, the Sonora Plan contemplates the construction of wind energy and the manufacture of batteries for vehicles electrical.

Recently, the president reported that the first stage of the Sonora Plan has already begun with a solar plant that will be replicated five times in Puerto Peñasco, to have solar energy in this entity. "Here in Bacanora and other parts we have lithium, which is the raw material to make batteries for electric cars," he said.

https://www.eleconomista.com.mx/estados/El-Cluster-de-semiconductores-de-Arizona-hara-sinergia-con-el-Plan-Sonora-Marcelo-Ebrard-20221211-0021.html

LitioMX: its structure and action plan will be approved next week
The board of directors of the state company will have its second session the following week, where the route to be followed by the company will be defined.

In the decree of its creation, it was defined that the company would be in charge of all the activities related to the mineral: from the elaboration and planning of the projects for the exploration, exploitation and elaboration of lithium, to generating geological information.

The text also mentions that the state company will manage and control all activities related to lithium and the probability that it can be associated with other public and private institutions, but does not define the scope. These points could become clearer with the next approval that the board of directors would make.
The board of directors of the new state-owned company, made up of five secretaries and secretaries of the presidential cabinet, will have its second meeting in the coming days, where the approval of the organic statute and the course of action for the company to start operations are on the agenda. .

lol

Twiggy knows what he's doing, you don't build a multi-billionaire mining enterprise by accident, the fact he's invested in HAS is a huge vote of confidence. You have to detach market price from underlying fundamentals, if you conclude everything is fairly valued then there would be no advantage to stock picking and you'd be better off with an index.

Things look very good for Hastings, I’m surprised they are so cheap at the moment. All the better for us!

Ganfeng want “Strategic Investment” for Sonora, don’t forget that fact. Big news when that happens.

De Luna Lithium Battery, a private Mexican company, is expected to start production at its plant in northern Mexico in September 2023.
“Ganfeng Lithium is ready to produce lithium carbonate by the end of 2023,” De Luna said.
https://www.delunalithiumbattery.com/

Hopefully they arrive like buses Bannor, those HAS shares should be with us soon also. EMH long overdue some offtakes too.

Seems promising that the PR machine has started up again, also seems like a good time to get shipping again now rates have improved.