LEL 0.00% 39.0¢ lithium energy limited

VOTE AGAINST SALE AT BOTTOM OF CYCLE, page-82

  1. 2,686 Posts.
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    The 27% vote from SRK is a decision made by SRK board or SRK shareholders?

    re CNGR, they will not run this project. As William alluded, they got involved to secure supply (I.e.. offtake /funding). They are not into mining. All Chinese companies in Argentina exploring/producing are mining companies (Ganfeng; Tsingshan, Zinjin...)

    All the lithium projects in Argentina, and worldwide, are not owned/run by battery manufacturers; rather by mining companies, or conglomerates that have mining arm.

    CNGR has no track record in mining or production or refining of Lithium Carbonate.


    BiG QUESTION:
    when it became apparent that all these bidders loved Argentina, loved the project, and were not interested in investing along side William ( who blame them....), why on Earth William did not open up a competitive bidding process to the whole world, rather to 5 companies shortlisted by themselves with the original intention to only fund/ participate/ secure offtake. WHY ??!!!!

    Last edited by PirataCzornomaz: 11/05/24
 
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