TLG - Media, page-5895

I found VUL last year when it was around $2and I thought it is a splendid green idea, and the new European battery plants will need lithium.
But I didn't buy for good reasons:
I read about local opposition based on fear of earthquakes, which may damage their houses: back then at least 1 geothermal drilling had indeed caused damages, now there is another case (Geothermie Fonroche at Reichstett-Vendenheim, French Upper Rhine Valley).
One seemingly well informed poster in the VUL forum wrote that the Vulcan site (they have 2 exploration site) has a different geology and thus there shouldn't be any risk of earthquakes. Let's hope so. VUL has only an evaluation permit, they expect the drilling permits for their first site in 2022 (as per company presentation).

I also read that German regional energy company EnBW is doing the same thing in a pilot process in an already existing geothermal plant. However they expect to extract only 900 tons/year of lithium by 2024 [https://m.faz.net/aktuell/wirtschaft/digitec/kommt-lithium-fuer-elektroauto-batterien-bald-vom-rhein-17315599.html]. VUL has no plant yet but they plan to extract 15,000 tons LiOH from 2 plants in 2024, and 40,000 tons in 2025. Convincing? VUL is still working on its DFS and just recently in April started a pilot plant and the results of it will flow into the DFS. So just now they are starting to try out whether their plans are realistic.
Thus I didn't buy VUL. And I see it was a mistake - because I would have made lots of money to buy more TLG now.

But why is VUL such a highflier?
I believe it is a thrilling story (*green* *lithium* right where it is needed in Europe) in combination with professional and exciting looking marketing. And now it's flying higher just because it's flying high.
Will I change my mind and still get in?
No way. VUL has a great business idea, and at least it should be worth a limited bet, I admit now. But at this market cap for a company without permits and without DFS the above mentioned risks outweigh by far any chance.

On the other hand TLG has at the current price still most of its upward and multiplying potential ahead.