Ben Richardson, CEO at SulNOx, confident they can cost-effectively decarbonise commercial shipping. Watch the video here.
@johnpwh when you talk about unfolding fiasco are you referring to the share price decline or something that has gone wrong with the business?
I've always found DA quite lethargic and complacent. Compare what he has done in the last 3 years compared to someone like Keith Phillips at Piedmont Lithium.
Hopefully they can find a dynamic CEO with a vision to build a company, not just a mine.
My reading of the most recent RNS is that the BCN shares won't be distributed till 22nd December
I think the share price is going to come under a lot more downward pressure in the next few months.
The 50m shares paid to purchase Deutsche Lithium's stake were subject to a 6 month hold which should end soon (if it hasn't already)
Added to this will be the shares owned by Bacanora which will be transferred into the hands of individual investors on 22nd December. This is 30% of Zinnwald's issued shares going into the hands of people who might well not want to be shareholders.
@wasarunner only a proportion of the total offtake is suitable for batteries though, isn't it?
Last time I looked the large flake sizes are actually far more valuable than the smaller particles used in batteries, although that price different will no doubt change as the EV revolution progresses.
This is one of the stocks I can imagine holding for 5 years+. The potential resource is immense and if there is a secular tin shortage (which many are predicting) this company will be cash flowing and perfectly positioned to expand into it.
I would not invest at these levels. Unproven technology and a very high market cap for an early stage project. That said, there is a huge amount of investor interest in clean tech projects and the share prices of some of these types of stocks just seem to go up forever.
The distance between Piedmont Lithium's mine and Tesla's Texas gigafactory is almost exactly the same as the road distance between Savannah's mine and the Berlin gigafactory (about 1500 miles). Another uncanny similarity between the two projects!
The dipping grades are my greatest concern. In the interview he says this is due reduced manpower meaning they are not able to pick and choose from several different mine faces. This doesn't give me much reassurance since they will have chosen the mine faces which they expected would have the highest grades.
On P12 of Tesla's Q3 report released yesterday:
Cathode Production:
• We are planning to manufacture cathode in-house, using far less water and reagents in a simplified
production process
• Focus on local sourcing for each cell factory to avoid unnecessary transportation cost
• Actively pursuing pathways to vertically integrate lithium production for a portion of supply
Their offtake agreement with Piedmont Lithium for spodumene is in line with this plan. Savannah's very similar spodumene product in Europe must be on Tesla's radar.
https://tesla-cdn.thron.com/static/4E7BR9_TSLA_Q3_2020_Update_P0Q85U.pdf?xseo=&response-content-disposition=inline%3Bfilename%3D%22TSLA-Q3-2020-Update.pdf%22
Same. I was very suspicious of this company as it appeared to be run on the back of a fag packet and I didn't fully believe the superb project economics. As the months have gone on my confidence keeps growing and growing.
Yes I got a reply from the PR company when I used the contact form to ask them to fix their out of date management page. They did update that fairly quickly.
Ms Suedi did eventually remember that she was with ACP then? She hasn't put anything on her Twitter - might be worth asking her to make a Twitter post confirming what she is bringing to the company.