Member Info for r7632

I hope. Any justification?

I agree with Mr.c I think the project difinitly de-risked as Ganfeng now increased its stake in project to 50%. And also 25.83% in BCN. And I believe Hanwa has previously said they would put another 25 million in for the build phase.

That's a big risk as BCN is expecting EPC and Financing soon. Still I expect no more posts until you get back in. Good luck.

Excellent - But miniature batteries are going to need that much Lithium.

I have a Tesla. I used to use the Polar Plus £7.85 per month subscription but 7KW chargers are 12p KWH. 50KW chargers are 18pKWh and the 150KW chargers are now 27p kwh. Tesla Supercharger are 24p kw for the 120, 150 and 250 kwh chargers.

Because of Covid I cancelled my subscription and now charge at home on 13amp household circuit but set charge rate to 10amp so it doesn't overheat (2.3kw hour) and pay 13pkw. I can't move to a low rate overnight EV Plan as I don't have a compatible Smart meter.

Point being you can get reasonable priced public charging. But some are really overpriced. Shell charge 39p kwh. My local council want 34p kw for Lamppost 5kw charging!

So if you are like me have a New council run Gym (Better) with 30 7kw chargers I could charge my car easily. And there are quite few Tesla Superchargers and Polar 50 Kw chargers near me as I live in London.

Quite long.

Things that struck me.

800 Cycles and 240k MIles. Tesla currently state their Batteries have 1500 Cycles and up to 500K Miles for the Model 3 Long Range.

Will produce 1GWH at first and rise to 20KWH in 2025. Tesla is aiming for 100GHW in 2022 (or was it 2021) and 3 TWHR by 2030

Says it will probably be used in the most Expensive Models (volkswagen/porche)

Wonder where Tesla will be 2025 in comparison to these. I think that Tesla wont be that far off these specs based on the Battery day presentation. But I also think that Tesla may be at the top of their development and Solid State have further to go.

So overall no threat to Tesla lead until 2025 and even then Limited supply will mean Tesla will dominate. After that I expect Tesla will have to have Solid State ready to take over from its current plan.

https://www.youtube.com/watch?v=dGnPSkXKb0I&ab_channel=QuantumScape

Electric car range is fine if you get a Tesla and can use the Supercharger network. I drive London to Spain in July. Stopping every 2-2.5 hours to add some charge for 20-30 minutes, have a little rest and move on. On my way back in September I left just south of Malaga at 8am Saturday. and arrived back in London at 6am Monday Morning. Total Holiday miles over 5000 Miles. I drove at Maximum speed limits with Air Con going. So I was topping battery off to max 90% dropping down to 20-40% before adding more. Remember 2.5 hours at 80mph is 200 Miles. I need a little break after that and on Superchargers that means only 20-30 rest before resuming the journey.

All the hype I've seen about long distance driving and not being able to charge is people who didn't investigate the charging infrastructure first and didn't buy a Tesla. Not much sympathy for those that don't do their homework.

I don't have the Longest range one either because I went for the Performance model to have some fun. So I am 50 miles down on the Long range version (same battery but less performance , smaller tyres and aero covers).

Don't criticize Electric cars until you have tried one and and see whether it can fit your lifestyle.

Renewables , Battery storage and new Nuclear should be able to provide al of the UK Electricity. Coal is almost gone. Bio Pellets I'm not sure about, Peaker plants can be beaten by Battery Storage. Apparently onshore and offshore wind is cheaper than Gas power plants without all the emissions.

Government is banning Petrol an Diesel from 2030. Gas boilers from 2025 (new homes).

But PFC has a role in infrastructure for offshore wind at least.

And the Oil/Gas companies are going to be pumping out as much as they can before their wells become orphaned assets heading towards zero value.

https://www.bbc.com/future/article/20201124-how-geothermal-lithium-could-revolutionise-green-energy?xtor=ES-213-[BBC%20Features%20Newsletter]-2020December4-[Future%7c+Button]

Warthog4

Don't forget the lockdown destroying the economy. I would say it's been a bad year all round. But I'm very confident for the future.

Yes I would agree stay away from Petrochemicals. PFC can still provide services to the renewable sector like offshore wind which is projected to quadruple under government green plans.

But renewables and Lithium Battery related Commodities? There will be rising demand for Nickel (main concern from Elon Musk), Lithium, Copper - anything that goes into Battery manufacturing.

Also renewables and fuel cells, heat pumps (Gar Boilers not allowed in new homes from mid 2020s) .

Anyway the world is transitioning away from Petrochemicals towards Electricity for transport, Battery Storage, Renewable Energy, Small Modular Nuclear reactors and lowering carbon footprint.

I have a Tesla and charge on 2kw per hr cheap overnight Electricity. Great car and at 4.7p per KW gives for 3-4 mile of range so very cheap to run. No oil changes, or maintenance just new Tyres every 40-60 thousand miles. No congestion charges (although I don't drive into central London they have been pushing for this to be extended out to the North Circular). And for long distance Travel the Supercharger network copes very well to get you there and back (Spain and back this summer).

LG have I think just split of their Battery Plants into a separate company in which I read Tesla want to take a 10% stake. Tesla itself up over 600% in just over a year.

I'm staying put with PFC for now until I get closer to break even. But I think before SFO case the y were at £8-£9 per share. Last year I think around £6 per share. So could rebound strongly on SFO closing down its investigation and vaccines for covid.

https://www.cnbc.com/amp/2020/12/01/lg-chem-to-double-china-battery-capacity-to-meet-tesla-demand.html

That would please the Mexicans. So would be good. Also cheaper labour than USA which is why Ford has a manufacturing plant there.

Nice to see some positive input on this board.

I still think the other Battery manufacturers are needing to work flat out to follow Tesla's lead. I understand LG are going to produce the 4680 cells for Tesla to help it meet its supply demands. Catl have cell to pack (no modules). Tesla then moved to structural battery format. Its a race to improve and keep ahead of the competition.

All good news for Lithium producers and the worlds' move away from Petrochemicals.

I thought the Advantages of solid state solid state was higher density and and less chance of catching fire.

However I thought Tesla (the most advanced batteries is mass production) have said they can be as high density and safe in current form with the improvements they have planned for the next three years.

So Solid State needs to move further in order to be better. That is the target comparison they are aiming at is moving forward rapidly.

Still in time they will probably become the norm. Either way they still need lithium, and anything that increases demand for Lithium is good for Lithium producers.

Stock piles exhausted by 2023. Expected to be short of supply by 2023 unless new supply brought into production.

By 2030 lithium demand is expected to be 10 times current.

As soon as epc gets published that will be big news and sp will rise. As soon as finance is arranged big news and sp will rise. When construction starts big news and sp will rise.

Between then and 2023 sp will rise and fall based on lithium sentiment.

When project gets half built sp will rise.

There are many points where we can expect sp rises.

I expect reasonable volatility throughout.

But overall the bad stuff is behind us.

Selling when it gets to 118p only if I have somewhere better to put it.

I would say we are in a better situation now with more money in the Bank. Development cost now shared with Ganfeng. EPC due in a month or so. Lithium demand for Cars an Energy storage on a strong upward trend. Offtake subscribed for.

So I would expect a larger Market Cap than before. Which would point to the VSA target price of 118p actually being a realistic target this time. Either way I would expect an overshoot and drawback as that's what tends to happen with big news and progress. So we could go higher than 118p short term.

You could put some in tax shelters - Junior Isa (£9k limit now) , Adult ISA, SIPP.

Most interviews with Secker I have seen have been with Proactive Investors.

I expect another when Ganfeng produce the EPC which is or was expected at the end of Q4 2020.

So even if that is late either December or January.