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30/12/20

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Post #: 49858360
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Originally posted by tacair: ↑

The information that Yahua is going to supply Tesla is very exciting for us and could explain some of the Tesla references in the AGM and other communications from the company of late. This development has potentially been building for some time and might explain some of SBs comments in one of his latest interviews where he thought that the lithium price could start to increase in several weeks (he was right). If he had some inclination that Yahua was going to sign an agreement for which they did not have the supply, by inference it is not a stretch to figure out that if deals like this are being signed without guaranteed supply, then prices are going to go up because this type of deal will not be isolated to just Yahua and Tesla. Obviously there were other indicators that he would have been aware of, but the potential first hand knowledge of this agreement would have only added to his confidence. I also have no doubt that Yahua would have been on the phone to SB to assess potential numbers coming out of the updated DFS (commercial in confidence discussions obviously).

There is probably a few more hints that perhaps some conversations have been happening in the background for a little while:
1. CXO looking to increase its production output with the upcoming DFS based on a 'increase in demand'
2. The timeframe for supply for Tesla is 2021-2025. CXO is one of the only late stage developers that will be able to supply in this timeframe, and we already have an established agreement with Yahua. It is likely that the agreement ends in 2025 because by then the market place (and available producers) will likely look very different. Until then though, it is limited to only those currently producing and those soon to be.
3. SB has been referring to the 'upside' for CXO shareholders for the last few months, perhaps this is part of the reason why.
4. There has been a number of references to Tesla by CXO on twitter and at the AGM (including in the slide pack).

Hopefully CXO gets something out on twitter very soon covering this agreement!

So the landscape is definitely changing, add to this potential developments (and SB's excitment) around gold and we could be in for one hell of a ride over the next few months.

GLTA and GLTATMO

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yep the looking to increase production capacity as a result of increased demand could be key.

I think we might see Yahua taking more much needed spod from us

Also, Yahua has valued the deal with Tesla between AUD$840mil - AUD$1.2bil. So an investment of AUD$85mil to get Finniss up and running in order to secure the spod supply seems like a no brainer.

After all, as management have stated before: our low iron, low impurity, high quality coarse grain spod is excellent product for lithium hydroxide.

IMO

GLTAH

CXO Price at posting: 8.8¢ Sentiment: Buy Disclosure: Held
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