EDIT: aesthetes didn’t like formatting.REPOST:
@ozblue, people frequent data rooms all the time. It is exciting for a junior to be tapped on the shoulder for a squiz. And to see a room full of big boys absorbing your data....they can come and go quickly, and or can take months and months if not MUCH longer for strategic consideration. It can be the case a big mining entity or cashed up group will have new ideas or proposals. It can be quite stunning to be in the box seat with interest after many tough years of learning to eat with chopsticks etc.
Based on EU demand going nuts, there would be JV proposals, even strategic partnerships coming from every direction in my view. MD Ferguson claims “oversubscribed”— that’s a window to what is going on.
But the devil is in the detail and it takes time to find the right fit.
If —Chinese take all the SC as it was sized in the DFS, it won’t be best terms or price in my view.
if —it’s a JV or vertical integration in, Abidjan, Middle East, Germany, Russia or South Africa even then, again “devil in the detail”. My impression is FFX either does something or lose Goulamina. Should Chris Evans have gone? I don’t expect most of us will ever know why beyond a few fiscal excuses
I don’t think virtual data room visits means lke many want to assume for a quick quip to move me on (lulz), like Doc dodged with, that, there are no issues. Because, when I read documents on Tianqi Lithium’s Spodumene production and research activities as put together by the esteemed group Dobear Behre, I feel abundantly informed and can see quite clearly where for example, I’m not being so well informed by other companies. Talison are the seasoned experts, and I encourage everyone to go to TLH and read HKEX IPO for Tianqi lithium PDF to see how studies are summarised in an area of interest and to witness a benchmark of professionalism at work. With lithium juniors I don’t get that modicum of being well informed as much on Spod. And so people like Ubique exploit that
So there is an external catalyst firing up the lithium side again under one year since Chris Evans left. Though someone here rumours he will return in some way. And unfortunately the company still has work to do it should have done before Evans left. As the Quarterly indicates wrt “confirmatory testwork”, that in my view, and probably the market’s view should have been done when Hatch Engineering hatched its scoping of the plant. That’s plainly obvious to me and I’d expect shareholders here to be bit more honest about this information gap and others. And this brings me to another. Why does management think it can just crab walk away from any mention of lithium oxide in the DFS summary and quarterly reflection on the downstream processing strategy?
When basic things like lithium oxide is no longer mentioned as it was in the scoping study commencement announcement, without any due reason, it begs the question where else is their sloppiness. (And, I’m not just thinking of FFX here on this last point.)
Instead, this is where I’m bullish, exactly on the lithium oxide potential crab walked away from— I’d be really surprised if that’s not coming over the static, as it possibly solves a number of metrics especially if onsite. How come I think that? Well I’m digitally gagged beyond what I’ve posted on different methods published openly by academics,[ my last post was mdded for unauthrized information (apologies to Ron —if you’re watching, retail is fairly starved of a true benchmark optic of what they are investing in if HC is a testimony).]
if you actually follow my observations you’ll also note, I can see the SC could be used as a blending stock—the company kind of suggests that when pointing out the adaptation to fines recovery has improved with converters.
No where did the company claim, the SC6 can be used as the sole feedstock dedicated to a converter. (GLC MOU did imply such) Hence why I posted the flip flop optic from Tianqi Lithium that this is not best practice hence the discount likely applicable for having to attend to huge volumes of over-wet non-conventional feedstock.
This underlines why I think EU is a better destiny and a new tech wiki emerge for this difficult Spodumene
Bottom line, and Doc said it, Lithium is “difficult” market, devil in the detail...
