RE: KC interview10 Feb 2024 07:21
Tom,
Leon is a bot.
Worst case scenario. Hmm there are many possibilities.
This potential mine is highly politicised so there's all the options for illogical decisions to be made with regards to getting permits and mining licences. Politicians could kill this project just to increase their personal popularity.
KC seems to be relying on the EU to change the permitting process before he even bothers to start the application. I think gambling on a bunch on unelected beurocrats is a very big mistake. He should at least be applying under the current system and move over IF there's a change.
CHINA is a lot more powerful that the EU. They could find a way to manipulate the politics of this and shut it down so they can sell cheaper lithium to battery manufacturers in Europe.
European manufacturers could just refuse to pay the price for European lithium when they can get it cheaper somewhere else.
All of these risks could be minimised by not dragging your feet. Which is what KC is doing. And from what I've seen following this company for 8 years, mostly seems to be out of lack of experience or incompetence.
KC has talked about wanting a partner to build a mine, who I'm guessing he wants to finance the build. Maybe no-one wants to make that investment. Maybe a bank doesn't want to loan EMH the money.
Maybe the EU make or get bullied into a deal with China to not allow the project to go ahead.
Maybe all this lack of transparency and untrustworthlyness from KC goes deeper than we see and it's just a fraudulent scam. There's no way of knowing. It's clear to see there's no trust left looking at the market cap. Maybe it's justified.
All those numbers coming out of KCs month in his interview are as much BS as all the rest of the figures he's come out with over the years and this mine will just be too expensive to build.
Maybe some idiots infected with wokeism or chinese bots will setup a viral movement to shut the project down for fake environmental reasons.
I could go on like this for ages Tom. The point is, the longer this drags out, the more likely it is to fail. All this crap about having patients means nothing when it comes to the reality of building this project. Time is very important.