Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
Australia cannot compete with China. You're all dreaming. The UK has no chance of success. Bin the lot and youre pipe dreams. ALL UK companies are screwed. I'm Theorist hands up !
https://www.livemint.com/industry/can-australia-break-china-s-monopoly-on-critical-minerals-11687336533372.html
Myself talking to myself. I would agree you daft do and so. Ok you've called me out I am Theorist.
Back to my Creo link on buying out ?
From Australia overnight
"Announcement
European Lithium Acquires Austrian Lithium Projects after DD Sampling Shows 3.98% Li2O
HIGHLIGHTS
Acquisition of 100% of the rights, title and interest in the Bretstein-Lachtal, Klementkogel and Wildbachgraben projects (Austrian Lithium Projects) completed after a satisfactory Due Diligence process
Underexplored areas covered by exploration licences that total 114.6 km2, targeting lithium with known occurrences in the Styria mining district of Austria
Strong Li2O values up to 3.98% Li2O reported from the Due Diligence sampling of spodumene pegmatites
Consideration of $250,000 cash, 2 million shares and 2 million options in the Company
Company provides update on the completion of the Transaction and NASDAQ Listing
European Lithium Limited (ASX: EUR, FRA: PF8, OTC: EULIF) ((European Lithium or the Company) is pleased to confirm it has completed the acquisition of 100% of the rights, title and interest in the Bretstein-Lachtal Project, Klementkogel Project and the Wildbachgraben Project (together Austrian Lithium Projects) (Acquisition) from 2743718 Ontario Inc. (Ontario), a subsidiary of Richmond Minerals Inc. (TSX-V: RMD) (Richmond).
Tony Sage, Chairman, commented: “We are pleased to complete the acquisition and add this highly prospective lithium ground to our portfolio of European projects. The Company intends to commence initial work focusing primarily on the Bretstein-Lachtal Project area.”
M&A picking up from Australia but I hope they are not the "new" China , god help us. Maybe they don't realise that lithiumis not everything MO ???
You wacko , MO you are on filter mate !!! Oh and sell out here before it hits 27p.
Posted by Theorist today :-. Is this not what I am already saying about ALK and offtake V buyout ?
"IntuitiveToday 08:46
We know that Creo is partnered with Intuitive, which has sewn up over 90% of the world surgical robotics market. Intuitive has a market cap of $115 billion and trades on a P/E ratio of around 100. Incredible numbers. It would seem that the Creo suite of instruments offers Intuitive genuine and real advantages, certainly this is what Creo itself is saying. That being the case it would be no surprise if Intuitive took out Creo, particularly given the opportunity to do so at maybe half Creo’s peak valuation. Or looking at it another way it is almost a concern that they haven’t!"
It is my concern that the site TVL hold is not being bought out for processing by a Major in lithium mining OR major in battery / EV manufacture.
Good to see you can have the same views as me.
Me and theorist are one and the same maybe ?
Maybe I am Theorist ... ?
Maybe I work for ALK ... ?
Maybe I work for TVL ... ?
Who am I to have the same views as Mr T ?
" The boss of new Britishvolt owner Recharge Industries has set out why his company is better placed to deliver a gigaplant on the Northumberland site, saying it has lined up significant funding for the project.
David Collard, whose firm bought the failed start-up's business and assets from administrators at the end of February, has confirmed that an unnamed pension fund is in the final stages of agreeing a £2.5bn facility with Recharge and bridging finance of £60m is close to being secured with a financier. The New York-based entrepreneur gave an interview to The Australian Financial Review in which he set out reasons why he thought Britishvolt had failed.
A well understood concern was Britishvolt's lack of confirmed customers, despite some initial agreements, including with luxury car makers Lotus and Aston Martin. Recharge, which has called the gigaplant project a "massive opportunity" to develop North East skills and the supply chain, will initially focus on batteries for the energy storage market and says it already has an offtake agreement with a power company."
Finance for old Britvolt should be pretty soon.
Winter in Australia so business months unlike northern hemisphere from August.
Https://www.spglobal.com/marketintelligence/en/news-insights/latest-news-headlines/pilbara-minerals-planning-to-acquire-altura-lithium-project-for-175m-60956730
https://kordamentha.com/insights/behind-business-mining
“The North East of England has a real depth of history and talent in manufacturing and engineering. I recently spent time in the area to get to know the people and the site, and I was struck by the similarities to our Recharge Industries™ site in Geelong, Australia.
“I was really taken by the passion and pride that the people have for the region and their determination to get behind a project that can drive lasting change. We have the right plan in place, to match and support the region’s energy and ambition to become a major player in the international battery market.
“We would like to thank all of our global advisors who worked tirelessly with us to deliver this transaction. From Australia, KordaMentha and 333 Capital who led the negotiation as the Lead Financial and Restructuring Advisor; the London team from Sidley Austin LLP as Legal Counsel and PricewaterhouseCoopers as our Global Tax Advisors."
Interesting that KordaMentha sorted out the buyout of Altura Minerals for Pilbara Minerals. Pilbara Minerals has ASD$2 Billion in CASH.
A fraction of this could buyout TVL & ALK in full.
Just musings.
Theorist, point taken. Leopard never changes its spots.
I take your point.
I know about him, but I cannot see why he would look a gift horse in the mouth and not go with it ?
Pretty much everyone is in the project and setting up.
Sure finance has not come through from another party nor has feedstock, but everything is sucking at the thoughts of production of hydroxide quality grade.
As you know and I have said many times, my gut would be JV or buyout with minimum share value to cover. It might only be £3-5.00 , probably take that 10 day £5.00 to trigger PS's bounty but then he's made a mint in quick time and can take the £££ and move on. ?
Either of the above in JV or Buyout or £3-5.00 will do me just fine. I'm not greedy.
Knowing the Australians and the US desires to now take on some form of energy control I expect the news to come from abroad rather than anything uk based tbh. I do mean any big news.
No need for us to confront on here. I hear you , we all do but let us all make our own decisions. I will call anyone out if O fee
I agree with Theorist to a degree.
I have also on several occasons had the phoneline to atleast 3 companies and have been directly lied too.
One of the 3 had Russia to deal with but the CEO still was insistant and regularily talked to the largest shareholder and millionaire. That was 2018 and they still havent produced a DFS , now they will but where the money goes is anyones guess and I would not invest their either.
However, the fact is lithium is the global driver.
There is NO escape from the need for lithium prior to 2030.
As Joe Lowry says " the promise to be in production by multiple DLE lithium hopefulls by 2027 is NOT possible".
SPODUMENE ROCK for the best returns and those who complete the chemical processes for upgrading the raw feedstock. Simply these are the companies that in the main csm supply as of today but need demand of EV / Storage to pick up quicker.
I see the USA , UK and Australia to be the ones only in the last 2-3 months putting the foot onnthe gas.
Whether you believe or not spodumene is the real deal. IF ALK & TVL get any kind of deal the sp doubles or trebles. Basic but true.
Theorist - all your posts are negative. So as balance I will post the positive information WITH LINKS so you do not cost those investors you worry so much about , like me & thanks for caring , so they do not sell out WITHOUT doing THEIR OWN research.
As you say its our money to burn so butt out or post links to why I should sell up.
Still shouting that someones ate all the porridge?
PS - Yes their IS a much bigger risk now inflation is kicking the global ...... GLOBAL backside of many sectors so NOT JUST the person you love to hate companies.
Https://m.uk.investing.com/news/stock-market-news/fortescue-expands-battery-and-electric-powertrain-output-in-uk-with-new-plant-3055834
https://www.kitco.com/news/2023-01-09/Alkemy-secures-land-for-its-Port-Hedland-lithium-sulphate-refinery.html
Small world.
Https://www.pacificgreen.com/articles/what-2023-britishvolt-saga-means-batteries-uk/
Last paragragh is spot on.
"US-based parent company Scale Facilitation established a joint venture with Tritax Asset Management this week to “fast-track the deployment of the Recharge Industries UK Gigafactory”, according to the firm.
Recharge Industries chief executive Rob Fitzpatrick urged Australian governments to throw their support behind the Avalon factory to ensure Australian battery manufacturing is globally competitive.
“Our ability to develop and build the Avalon Gigafactory, along with a value-added supply chain, is contingent on funding support from federal and state governments, along with capital markets,” he said.
“Battery cell manufacturing projects such as ours are in a global competition for capital. If Australia is serious about moving away from a dig-and-ship mentality, then now is the time to double down on funding and policy support for major cell manufacturing like the one proposed by Recharge Industries.”
Australian battery manufacturers told InnovationAus.com last year that the generous incentives available through the Inflation Reduction Act (IRA) made it an attractive place to invest.
However, Industry and Science minister Ed Husic said in March he expects Australian firms to complement United States supply chains, and has held discussions with the US government to link the IRA with Australia’s National Reconstruction Fund.
Mr Fitzpatrick added that proceeding with the development of the company’s UK factory would help accelerate development at the Geelong factory by de-risking the construction process “enabling us to adopt a ‘design once, build many’ approach”.
15th June 2023.
https://www.innovationaus.com/recharge-industries-shifts-focus-to-uk-gigafactory/
Ok the UK and US have done a deal and nobody has their finger on the pulse.
How about the new US - Australian Gov Critical Metals deal ? The Australians will work with the US IRA ..... Oh AND UK to secure the land for the Avalon Gigafactory on Teesside , so HAPPY WEEKEND reading.
This is the US , Australian and UK GOVERNMENTS now working together from 10 days ago.
Not my normal theory and finger in the air thinking for a change.
STRONG BUY
Hi everyone, just borrowing VIS for a second.
Totally agree with your current knowledge. Thanks for backing up what I am seeing.
Soon , fingers crossed so the dumbwits cant claim victory and will be left moaning on the sidelines.
Thanks everyone. Thats all.
Good luck and expect CL news soon...
.....old bv mou with tv. Could tke supply to gee in oz if sorting plnt 4 pls is only to split not harden in oz
Whts the size of a ton of lithhydro....gigs need tns bt batts need /' s such smll amnts.
I feel a J V or buyout
Tritax executives will head to Australia in the coming week to try and recruit co-investors in the development company, such as superannuation funds.
I think I mentions Australian mms & dads about 4 weeks ago along with EMH hint of strat 2 weeks ago.
Ding ding ding
Europe gets to do 2018 all over again but properly this tme ! ! !
Just watch us fly in the coming weeks looking like August/Sept and £5 may well be that target the company mentioned .... NOT ME I ADD.
I can't wait to hear how great some of the naysayers feel when they are in heavy profit.
But hey what do I know ? F all