The next focusIR Investor Webinar takes places on 14th May with guest speakers from Blue Whale Growth Fund, Taseko Mines, Kavango Resources and CQS Natural Resources fund. Please register here.
it’s not like they’re strangers…
https://www.forbes.com/sites/russellflannery/2022/01/24/tesla-lithium-supplier-ganfeng-says-profit-soared-as-much-as-437-in-2021/ …
lol… always safer to wait until after the news arrives and you know exactly how much we will make from sonora… obviously with the right news… it will be too late… but… that’s life… in it to win it… as they say… my guess is news after close friday… what’s disclosed might not involve us at all… but hopefully will take the brakes off sonora so that it can be developed at scale…
sorry zoom… not off topic honest… it demonstrates that ganfeng can simply hand over to mexico (litiomx) their bacanora shares in sll (50% sonora)… and a few more… in a deal where they have effectively paid all the taxes and royalties upfront for anything that sll does along the lithium supply chain… removes the risk to mexico of ganfeng not paying their dues… also removes the risk to ganfeng of mexico changing the rules again and charging 90% vat on lithium or similar… this is without handing over the concessions… but would surely be an amicable deal for both parties… don’t ya think…
appreciate that bannor… 1,2&3 is vat in country (if all this is actually done in country)… 4 is vat in country if the car is sold domestically… 4 can be zero rated vat for exports… but the vat to buy all the materials and components to build the car to the point of export… is already accounted for in 1,2&3… as it’s value is added… by virtue of mexico ensuring that 1,2&3 is done in mexico… they are securing the associated vat associated with this in country lithium supply chain…