RE: Placing1 Jun 2023 19:34
Steven I think without question it will hold around £1.30-£1.75 until news comes.
The directors I think had a plan which due to the launching of the Ukraine war, scuppered many governments budgets through gas and oil increases globally, increasing manufacturing stresses and supply chains globally and therefore over a period eventually concerning the markets and banking on the future pay back , escilating costs and delays v a sector that cannot fail, has had multiple billions thrown at it including wind, hydrogen, battery tech , water power generation and the biggest cash drag nuclear. Solar I place in a seperate sector of its own. China rules.
My best guess is Electric batteries globally have had so much put in individual countries will have to decide how to directly fund, let go, or generally guide grant support, that they are well advanced that in the next 7-10 years the infrastructures needed to support basic economic and community spread will be in place. Might be a heck of a lot of debt to get there for some, but the big money will hold all the aces and will advance at pace.
The previous lithium rally in the late 2017-19's shows it is tough when costs increase or borrowing at depth is needed. The small guys who dont get the deals get done and ended. It looks like the next period could possibly sort out those who do and those that cant scale.
My interest is very much in fact that Europe has so much capacity made and built for lithium infused batteries it simply cannot be overlooked.
How Alkemy cope with this is anyones guess.
Me I trust my own gut. I went through 2017-19's and learnt alot from Australian mine owners. No BS no money coming in, so my gut tells me Tees Valley or Alkemy start playing games, they know the hard nosed cash for work / goods supplied attitudes of our Ozzie friends will kill any business coming to the uk from Oz.
They will know this and are trying to work with and discuss business with global majors. They dont f about and nor will TVL / ALK imho.
Yes timing is slipping, but global projects are and are finding it tougher as gas / oil supplies migrate to newer platforms to beging to try and bring down costs.
Stubborn economics is causing this imho and not a lot else. Not helped that China has such a hold in our investment sector. Foot fully on our throats, BUT we are not down totally.
The money raise is small beer really which to my eyes is good mangenent to keep things stable and balanced. Treading water but not down.
FREYR building a battery factory in Norway , that lovely nice country, then finding out they are not licenced to sell in to the EU ??? Now that is a missed deadline. Building n the edge of the EU but not certified ??? TVL & ALK raising £1.3m is peanuts to make sure they get that JV deal / investment that they clearly think they have , over the line is fine with me.
Patience is an action. Topping up around £1.30-1.50 seems like an opportunity ?
Tough in the real wo
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