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I hope people aren't getting too hung up on whether or not VW/Skoda build this factory in Czech Rep - Might be an easy sell, but there is far from a shortage of potential customers in just the neighbouring countries alone.
I'm a little curious why this announcement is < 24hrs away from it actually happening. Is it not typical for companies to announce their ambitions for additional listings ahead of their application being approved? Applications of which, as far as I know, can take months! The latest US listing we made was announced quite a bit before it being complete so this is certainly a change of approach. Perhaps some additional news is soon to follow? Unclear what that could be where this listing makes a difference...
It's too early to say for sure, but wondering what the benefit of this listing is and I question the extent of this "heightened US investor interest". Not issuing additional shares suggests not eager for cash.
Colin, hard to say without being privy to the conversations.
Typically, signing of any corporate contract has to go through legal/compliance - The larger points of whatever was signed were likely verbally agreed to before the trip, but if these face-to-face discussions resulted in any amendments then it'll need to cycle back through legal again (speaking from experience so may not apply here).
Nothing's ever straight forward with corporate beauacracy unfortunately!
Interesting thoughts, Ant - a few things there I certainly didn't consider. The point about VW not wanting to sit back and let Tesla gobble up more market share is good one.
Article posted yesterday that suggested Czech isn't high on the list for a VW gigafactory agreement unfortunately:
https://www.world-today-news.com/gigafactory-in-the-ossified-czech-republic-is-to-be-the-last-choice-for-volkswagen/
Frustrating hold indeed - The silence is deafening. Does make me wonder whether something big is afoot. Time will tell whether that something is good or bad.
While second to Tesla, they're way behind in terms of EV market share and look like a tired dog moving at a glacial pace in comparison.
Tesla's following, especially the cult-like investment following they have, is considerable and if he so much as tweets about collaboration with another org it almost is always followed by a sizable increase in SP for the subject. As a silly example, the difference between Elon Tweeting "I love EMH" vs. Diess doing the same would be significant. His influence is undeniable and shouldn't be underestimated.
Morally, I would prefer VW to Tesla but, frankly, I'd like to see some long overdue movement in SP and a Tesla collab will provide that in the truckloads.
Just my thoughts...
Whilst this did end up being false, did you see what that short-lived rumour did to the $LTUM share price? Up 250%. On a rumour.
One can dream that Tesla take interest in EMH - VW would have nowhere near this impact.
I can't see CEZ encouraging involvement with Tesla over VW/Skoda - Often think of their quote "Czech lithium in Czech cars" or something like that.
Saying that, we have 49% ownership to play around with and I'd rather that half target Tesla. Tesla will be far more beneficial to the SP than VW would be IMO.
Maybe the lack of marketing/awareness for the project is a sign that KC has no concern with funding and will use other means (EU grants?) to fund to production...
Regardless, a DFS progress update/timeline wouldn't be a bad thing! Starting to wonder if the updated PFS was to buy them more time.
We must be close to the decision from VW on the Czech gigafactory - I recall them saying they'll have a decision in 6months in Q4 21.
I'm thinking DFS may be in Q3.
Only reason being is that originally it was quoted as Q2 and Keith's most recent interviews are stating "later this year". Obviously reading between the lines here, but seems suspicious that he'd be more ambiguous as to timelines despite being so close.
The boards responsibility to market their company in my opinion, but I get what you mean.
Saying that, I think someone found the long lost login details for the EMH Twitter account - Four new tweets/retweets over four days? I nearly passed out!