Member Info for jimb2

Lot's of Ganfeng/Bacanora coveridge -- JV's !!!!!!!!!

very well respected commentators, but dyor - just posted tonoght on YT.

https://youtu.be/I0IbIWR7l2k

lot's of Ganfeng coveridge -

looking good for lithium,

Rodney Hooper & Howard Klein

https://youtu.be/I0IbIWR7l2k

How anyone would sell when we have JV's in Sonora as a backup plan along with EMH and HAS - at worst case a year maybe two before we see action there, could be weeks away with lithium and battery materials getting attention - baskets full of eggs!

The longest day - could be the longest night if you sold out today!

Ooops,

under:
Tangible Movable Property - Common Forms of Security

https://uk.practicallaw.thomsonreuters.com/6-501-2354?transitionType=Default&contextData=(sc.Default)&firstPage=true

SHIPPING OF STOCKPILE OF 1.39 Mt OF IRON ORE
• In late March 2021 first shipment of Iron Ore since 2015 (~45,000 tonnes)
• 3rd Shipment in late May 2021 – 4th scheduled at the end of June 2021
• Initial shipping up to US$ 10 million net profit (3-4 shipments)
• Shipments after this will be under a settlement agreement with secured bank creditors

Shipment five will be the defining one!

.

Strangest post I have ever set my eyes on member since 2013 only second post?

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So how do you know it's ****e!

if you weren't bothered you perhaps wouldn't have posted a rseponse.

the LTH's know where this ends with me - LOL

Looking like Ganfeng are on a buying spree:

Ganfeng Lithium announced that its wholly-owned subsidiary GFL International will acquire 50% shares of SPV, a
company in the Netherlands, at USD130 million and will offer no more than USD40 million of subsidies for LMSA, a
subsidiary of SPV, to help the subsidiary develop and build Goulamina spodumene project. After the deal is concluded,
GFL International will get 50% of exclusive sales right of Goulamina project (phase one), which has an annual production
capacity of about 455,000t of spodumene concentrate. GFL International can get the rest 50% of exclusive sales right of
the project if it further directly offers financial assistance or assist LMSA in obtaining debt funds supplied by a third party
bank and others.

Our JV must look cheap at the moment.

This certainly will not be good news for Thacker Pass:

https://www.youtube.com/watch?v=jqJ6PywbcsQ

Let's hope Sonora doesn't have the same issues!

following on from the thread I posted on 12th June, this can only add to the environmetal challenges that US miners face in Nevada and Thacker Pass already under scruitiny!

https://www.youtube.com/watch?v=jqJ6PywbcsQ

https://www.theguardian.com/commentisfree/2021/jun/14/electric-cost-lithium-mining-decarbonasation-salt-flats-chile

https://www.theguardian.com/commentisfree/2021/jun/14/electric-cost-lithium-mining-decarbonasation-salt-flats-chile

late RNS 5:54pm:

Monecor holdings 10.3% dropped to 9.3%
https://www.lse.co.uk/rns/INSP/holdings-in-company-lszfkmxjbf4c6we.html

https://www.mining.com/iron-ore-price-correction-delayed-as-global-steel-demand-tops-2bn-tonnes-first-time-ever/

High margins for a t least 12 to 18 months

https://www.reuters.com/article/usa-mining-lithium-americas-idINL2N2NS3A0

Thacker pass delayed a few weeks due to a court hearing on environmental concerns, looks like something was passed in the courts in the final week of Trumps administration - Bureau of Land Management approval being challenged!

https://www.mining.com/web/us-must-work-with-allies-to-secure-electric-vehicle-metals-white-house/

Securing enough copper, lithium and other raw materials to make EV batteries is a major obstacle to Biden’s aggressive EV adoption plans, with domestic mines facing extensive regulatory hurdles and environmental opposition.

@observer842, how soon before we see an offer for our JV's, I would imagine Ganfeng would want to take full control over Sonora before they go into construction as we know ground work has started and the Baconora offer might conclude in July that could mean a matter of weeks?

@observer842

https://www.mining.com/web/us-must-work-with-allies-to-secure-electric-vehicle-metals-white-house/

Securing enough copper, lithium and other raw materials to make EV batteries is a major obstacle to Biden’s aggressive EV adoption plans, with domestic mines facing extensive regulatory hurdles and environmental opposition.