Member Info for MikeClarke

Swest I think Pilbira minerals where putting lithium packages together for auction at the end of August, so hopefully will see the results of these soon? $1450 or close does look likely, if not know, but very soon, before the end of 2022. Wonder what price IRR will use in a revised scoping study and PFS, as a ongoing price?

https://www.dailymail.co.uk/money/markets/article-9934187/Cazoo-revs-6bn-valuation-lists-New-York.html

Not2sure. Yes you are correct, but nevertheless is always surprising when so much news is imminent.

Can't believe the idiot who has sold 3 x 50,000 this morning, thus far. Loads of news due in the next few weeks, hopefully starting Tuesday?

Priceless!

https://www.thetimes.co.uk/article/cazoo-revs-up-8bn-float-us-stock-market-0vt5vv9sz Be interesting to see what happens on Friday with the $8 billion float. Wait till comparisons are made with Lookers monthly used car sales, stock and profitability. Yes profit, a dirty word for these spac flotations. When will the market wake up?

https://www.dailymail.co.uk/tvshowbiz/article-9913439/ITV-rakes-73million-lucrative-Love-Island-sponsorship-deals-including-50m-Just-Eat.html

Got a strong feeling we have seen the bottom here now.

It would be great Swest if Sumitomo took the other half for its tie up with Panasonic and expansion in the USA. I would not like to see China get its hands on anymore spodumene supply. especially not this supply, but I don't think Ghana would want that anyway. Would be great to see one of our founder shareholders taking it. This should be the week when we see more about what is happening hopefully, after the EGM on Tuesday, and we may well hear more about the demerger. I feel strongly that this will be sold 2022/23. but by then we should have expanded the resource tremendously, and with the price of spodumene climbing every month, we should be able to maximise an exit well north of £1 IMHO.

Senderos. Good video, and well worth a listen. Around 37 mins gives the best reason for the split, but all well worth watching as a comparison to IRR. What is worth noting is the offtake agreement with Gafeng, where the CEO was very reluctant about the price struck for the supply to Gafeng, unlike I believe the IRR deal with Piedmont which is at market price, so give full upside to the price explosion occurring, which will grow in significance as a deal as time goes on. It looks clear that striking deals with non Chinese companies will be so much more profitable to the deal, as we know the Chinese want low ball deals.

Munchbox. Been a long time since you have been here, but good to see you have not lost your ability to talk sh..t.

Necessity is the mother of invention and EVERY bubble bursts. Yes this is very true Acker, but we are a long way from even getting into real bubble territory. There are currently 225 giga factories and a tera factory planned, and they will all need lithium, regardless of how much goes for NCM or LFP cathodes, and also regardless of of a mix in battery cells with sodium ion, which in reality is 2-years away minimum, and is on the low end quality/low performance cathodes, mainly China. These all need feeding, and short term the chemical companies will be crying out for Spodumene, and as we know mines can take 5-7 years, and each battery factory needs roughly one mine to feed it annually 25-30,000 tonnes, so there is a massive deficit building for lithium, regardless of future technologies. It is all about TIMING, and IRR with a fully funded operation to production, probably the lowest cost quality spodumene in the world, with 99.92% purity, ARE IN THE BEST ZONE RIGHT NOW. This will be long gone, sold for mega bucks, well before any real disruptor technology takes hold, if it ever really does, as lithium is still the best option weight to power/performance. Don't forget also the recent SC6 price, £1250 Tonne was based on 5.5% spodumene, with IRR's being far superior to this in every way, who knows where we will be in the next 6 months. Dhan, keep scrabbling around for tit bits, but they can't get even near to the facts above, which makes IRR a world class lithium resource which will be highly prized by many OEM's/chemical producers.

Dhan. You have missed important information out of your statement, which is not surprising really, IS IT? “The lower energy of the sodium-ion cells suggests that the technology may be more suited for stationary energy storage applications which are less restrictive, while the unveiling of battery packs combining both sodium-ion and lithium-ion cells could point towards compromise in performance for low-cost electric vehicles, with the potential to disrupt the mass market,” LOL

Babaraku. Is that the best you can come up with, trying to call down Toro. I have been here for 5 years also and have invested like Toro, higher than where we are now, but taken a lot lower than now, so hence already sitting on a very nice 6 figure profit. It was because of Toro and Hodgefox that I am here, well invested, and sitting very pretty awaiting the real life changing rewards. You obviously have a lot to learn with investing, and it is a real bonus that you won't be here for 4 more years as IRR will be long sold for a very substantial sum. Now see what more rubbish you can come up with, loser.

Never rule out the German OEM's, but generally too tied up with history and red tape, and layers and layers of stale management. Not like Tesla.

Tesla would be a top favourite needing to secure a lot more lithium for its giga and new tera factories, and its tie up already with Piedmont. Rio Tinto have come into the market strongly, and will probably start acquisitions to build their market position. Any of these are big enough to buy out IRR, where Piedmont would still have their 50% supply agreement, but could also buy out Piedmont too.

That won't take 4 years though, hopefully in the next 12-16 months, or even sooner. Dhan good to see your sense of humour. Where will you go after IRR is sold sooner than 4 years, as I will need to be careful where I invest?

It is a massive relief it won't take 4 years of having to listen to your stuck record, as this will be sold long before that.

Just a very good feeling!

Yes, I certainly am, and bet it's gone within 12-18 months, but probably sooner.