Psychology of Share price rise, page-315

I think the point is that Bolong have links to government or at least very connected people in government and so are the power in the Rongke relationship. Rongke will always buy electrolyte from Bolong and it's likely they will together struggle to handle what's required in China.

We should not forget that China absolutely must increase flow batteries and Li batteries along with smart grids. The 30 odd percent of current waste says so.

The issue with electrolyte is quality and cost. Unlike Li based batteries the Va is disproportionately too high in the overall cost of the battery. That's the achilles heel of flow batteries. What Vince is betting on I think is that demand will be high but will remain extremely price sensitive and the easiest method to control pricing is by transport as this cost can be extremely high.

Within the Asian Pacific region he obviously wants to supply electrolyte but I'm not sure what he has in mind for Europe. It could be something like developing processing here and later opening a mirror plant in Europe somewhere. Point is Vince has those long term ideas and I kind of trust him to get that part right.

For the lithium resource I only caution too much optimism. It's not the main game and if it comes off I'll very pleasantly surprised as I remain unconvinced at this stage.