I personally think the Tesla deal was a stuff up. They are and will always be the biggest EV company. If CXO can offer 1.03 deals to behind our back, then surely Tesla deserves a good deal.
Spod prices will not be anywhere near these prices come 12-18 months. You can guarantee at these prices, there is 1000 lithium mines opening every week to capatilise. When spod prices settle and competition is healthy, then we may see spod prices at 1/3 of what they are now.
Thats when the Tesla deal will come back to haunt us. They are gone now and more than likely, will not return.
I hope its not a repeat of the lithium mine in 2014 that Tesla offered to TO for 350mill, only to be knocked back and said mine went broke over operational costs.
I think as a raw material producer only, we should have jumped on Tesla. We got greedy.
This was a classis PUMP over the past 2 weeks. I feel for the short term investors that were listening so intently.
In my opinion, we are heading for the 1.10 - 1.20 mark over the coming weeks, where we should stay... for being naughty little rampers.
GLTA.
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