Latest podcast from the Rockstock guys. It’s a mixture of US mining news and some personal news that is tragic. Hopefully however it gives us some insight as to where we are with market and where we’re heading……
If I was to hazard a guess, the final piece of the jigsaw is raw material supplies. It looks probable that this will form a multi-pronged approach wrt eg lithium and they won’t want to rely only on one supplier. Makes sense for them to divy this up in order to keep suppliers on their toes but I think that we’re definitely in the mix. If it turns out we’re not then major questions need to be asked about our direction of travel.
Does anyone know what the rules are regarding buying/selling stock for directors and company news with certain timescales? If directors are tied then maybe this means we have no imminent news in the pipeline…..
At the end of the day, cez needs to JV with a battery maker with experience since they can’t go it alone. At the same time because they are both miner and battery maker, this in due course could be a positive or a negative in our case. Apostive because we have a largely government controlled partner but also a negative because they could incentivise a partner to get involved by pricing the product coming into the factory at a large discount. It all boils down to what’s in the hidden “shareholder agreement”……let’s hope KC has been on the ball with it.
RE: Unconfirmed news in German paper14 Jun 2022 10:27
Anonymous information was leaked to Sächsische Newspaper that Tesla wants to participate in the lithium logistics in Zinnwald/Cinovec. The Deutsche Lithium GmbH is planning to resume mining in the 125k depot - it's one of the largest lithium deposits in Europe”
There’s blood on the streets with a large number of companies today, so we’re not alone. However, as a shareholder we’ve been grossly ignored by management regarding news and updates. Interviews are fine but not everyone sees them. What we should have had were monthly updates wrt mining and lithium processing etc, something akin to what Vulcan do but minus the waffle. As it stands I’m still confident but I’m extremely disappointed by managements lack of updates.
It defies any logic tbh. On the one hand they extol the need for local raw materials and on the other the red tape and nimbyism for mines etc. in our case however I am confident that work being is being done in the background that will see us through
“Yajiang Snowway is undergoing a bankruptcy process. The Dechenonba lithium mine in Sichuan’s Yajiang area covers 1.14 square kilometers, with estimated reserves of 24.9 million tons and a planned 1-million-ton capacity per year.”
So we have a Chinese mine that is undergoing bankruptcy and bid on by bottom feeders looking for a bargain……and that is your comparison to emh? It pays sometimes to do a little research before believing someone elses headline bluster….
Whilst I’m not saying it won’t happen wrt open pit mining I think it would be a harder sell to the populace. However, what I want to know is why are people now saying on here that this is a possibility?
Unfortunately the so-called “shareholder agreement” which no shareholder I know of has access to has been spoken of in whispered tones. Cez appear to have first dibs on our 49% shareholding of geomet at a predetermined price that KC has mentioned in interviews is not related to MC. What this value might be is anyones guess……
Re Simon Moores et al, they have all arrived at the same conclusion. Vertical integration is the only way to go. We can all argue adfinitum about dfs,eia till the cows come home. We know this will happen sometime in the near future. Chill and let’s see where we are in 6 months time