Yeah totally agree. But who knows right .....
Markets are in a real bad place at the current moment with dealing with the post COVID inflationary period . But like COVID , the Markets as they always have will find a way to ' Live With ' the virus or inflation and the fears it brings of economic slow downs and even recessions. And this sector probably more than others has been more visible and has reacted more adversely than perhaps others sectors with respects to ' Possible ' pending economic slowdowns .
But there is definitely a lot more going on in this Industry than just meets the eye and definitely more that what is represented by a bunch of lines connecting previous resistance and support levels.
Like for instance today's announcement over on LKE where Stu Crow has been appointed Executive Chairman .....and mainly due their ' Transition to North American ' from what primarily is represented from their predominant ' South American ' brine position in Argentina........
So Stu .....who also converted over a million options at the 75 cent pricing just the other day and is also for those who don't know already a Director of Atlantic Lithium and the mob who's mixed up with Piedmont's Ghana play.
So that makes for even more an interesting debate as to what exactly is their intentions for its ' Transition to North American ' markets.....
I notice also that one of our BIGGEST insto representations in our Top 20 JP Morgan has also teamed up and been appointed with Citi as the two joint coordinators of the proposed ' Debt Financing ' mandate for their Kachi Lithium Project , and that they claim there is ' Market Appetite ' to satisfy this financing by at least 5 times the amount required.
But at the same time if I remember correctly they claim they have 70% of the inaugural economic funding of around US$544 million covered by the UK and Canadian export development funding branches. And that's just for its initial stage 1. Stage 2. if I remember has called in Capex of over $800 million .
So what's that .......near enough US$400 million ......
in export development finance What if that doesn't actually eventuate .... and why would the Canadian's be so keen as to fund from an ' Export Development ' point of view what amounts to the funding of ONLY South American lithium projects. What's that got to do with ' Exporting ' from what is basically an Australian Listed Company who to my knowledge hasn't announced as yet it's intentions to build a ' Canadian ' lithium processing HUB.
So apart from the fact that FORD was looking into a future off-take agreement for up to 25,000 tons of Carbonate but is still from what I understand at the ' Non Binding ' MOU stage with that as well. So is this why the Canadians would want to fund in part this South American base brine project ? To build a Lithium Carbonate plant in Ontario to service FORD Canada's EV lithium battery requirements.
I mean am I missing something here folks with LKE. I mean Austrade would never get involved in funding a project which primarily is a ' Net Importer ' of product ......unless it was a definite ' value add ' and repackaging up for a finished product Export. So again why would ' Export Canada ' be interested in significantly funding LKE's South American lithium brine projects.......?
Seems a bit weird to say the least .......And so again then .....what is this implied connotation in regards to their statement of ' Transition to North American ' lithium market ? ....and apparently to call it as " to serve critical North American and Asian supply chains " . Why would export Canada even be interested in ' servicing Asian supply chains ". I thought the whole point here was to develop their own critical minerals supply chains ......and then ' Export ' those comparative strengths into other Markets .....primarily the US Markets.
But nevertheless , we can still see that despite ALL the alleged benefits and apparent funding advantages and advancements that LKE has versus Sayona , their SP is still down more than Sayona's.
With ALL the apparent connections of Stu Crow , could we possibly be seeing some early stage posturing around the much talked about and bantered around play for Piedmont ? If so what would this ultimately mean for Sayona ? Poison Pill move on Sayona as well ? Or how about joint BID for Piedmont ? And then from Who and what parties would be involved in such a move ? Livent ? Albemarle ? .......Honeywell International ?
Surely wouldn't be us though right ? What does Piedmont own that we would even want ? And given our current relationship with them and the alleged concentrate sales ? Shouldn't we be getting some significant ' Export Funding ' from Export and Development Canada ?
(20min delay)