All major economies - China, Japan, Korea, European countries etc... going carbon neutral by 2050 (or earlier) and the recalcitrant countries plus stable geniuses will be forced by the educated population to follow ... just to avoid choking to death or drowning... so our main asset is safe...
Thanks God for our management' lateral thinking and our company diversified potential...
I personally count on our success in gold exploration and with a bit of luck we may take over those stranded assets others are losing now...
I was not v. popular poster supporting our management slowdown and tilt towards gold prospects examination (especially that our CEO is a gold specialists... but I won't waste time just quote myself as posted 2 months ago just to see if I get more votes this time? DYOR:
"Timing is everything in business success"...
- There is no point wasting time and green energy "producing" lithium now for a meager profits just for the sake of being a "producer" or even to support NT' economy and jobless dreamers... as nobody will help the company going broke!
- The management is much smarter than some people feel IMHO and as a L/T and serious holder I would rather make a bit of investigation into justifiably hot GOLD and silver prospects while awaiting the Lithium price recovery... as some experts predicted it will come sooner or later ...DYOR:"Lithium remained at record low levels in August, trading below 41,000 yuan per tonne as demand remained subdued in China’s lithium market even after economic activity resumed following coronavirus-induced lockdowns. Still, lithium prices are poised for a rally in the next few years, mainly because EV sales are expected to jump, driven by the so-called green recovery plans."
"In the report, BNEF outlines that electric vehicles (EVs) will hit 10% of global passenger vehicle sales in 2025, with that number rising to 28% in 2030 and 58% in 2040. According to the study, EVs currently make up 3% of global car sales."
Today "smart money?" and even famously previous opponents of Gold investments are jumping on the GOLD bandwagon and the latest example is Warren Buffett (and he has an army of followers) and as a L/T Australian gold mining investor... nothing wrong with that as "business is business"...
(people/companiesdo business to make money and therefore other things, such as people's feelings, do not matter).
I may just ask "who's scratching his head now?" DYOR:"Long-time precious metal bugaboo, Warren Buffett, loaded up on Barrick Gold (NYSE:GOLD), according to a Berkshire Hathway 13F released today.
Buffett bought just under 21 million shares. Current stake is worth $563 million.
Buffett can move stocks. Barrick traded down 0.59% to $26.99 today. However Barrick shot up after hours when the news broke and hit $29...
Buffett shed airline stocks, such as United Airlines and American Airlines. He also reduced holdings in financial institutions such as JPMorgan and Wells Farso.
Through the years Buffett hung gold with some of its most memorable and negative epithets.
In 1998 he shared his thoughts on gold during a Harvard speech.“(Gold) gets dug out of the ground in Africa, or someplace. Then we melt it down, dig another hole, bury it again and pay people to stand around guarding it. It has no utility. Anyone watching from Mars would be scratching their head.”
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