GXY 0.00% $5.28 galaxy resources limited

Banter and General Comments, page-16360

  1. 8,739 Posts.
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    It seemed a very flippant salt on the salad discussion when it came to lithium which remains one of the company's biggest weaknesses.
    There is nothing stopping other car companies purchasing ownership in lithium producers and leveraging that ownership to damage Tesla's expansion plans.
    JL even mentioned there is discussion to acquire Albemarle assets, as for who or what that is about only time will tell. We know from COVID that everything we think we know can change rapidly.
    If production from clay was viable and as easy as presented (well we just stir in a bit of salt) it would be occuring right now.
    They will also first need to build a pilot plant and prove that it works.
    Something didn't feel right about how the big clay plan was presented and felt disingenuous.
    There was nothing to substantiate that was really plausible, as they are a visual company.
    There was no construction timeline, and I didn't hear any indication as to how their salt clay mining will intertwine with plans to ramp up the company EV production. It would seem that this clay plan will be out of step with the mission ahead.
    Last edited by Thesi: 23/09/20
 
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