Ann: Extension of Voluntary Suspension, page-23

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Barry81

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17/03/24

13:02

Post #: 72927157
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Originally posted by growler1969: ↑

You are right that we should not forget Aleees. Did they not elect to take cash rather than shares in AEV? If so, why would that be?

FYI. Aleees MC ~AUD160m; IMO, hardly a big player and certainly not within the battery sector

Further, I think Bazza's Indonesia nickel analysis is a little biased. Indonesia is well endowed with Class 2 nickel (laterite). This is primarily used for stainless steel. Indo banned export of nickel ore in order to push miners (predominately Chinese) to add value in country. If only Australia had been as smart... The Chinese then developed a way to transform class 2 into battery grade nickel. Necessity is the mother of invention. The vast majority of nickel will be used for stainless steel regardless of NMC battery usage.

To conflate Indonesia having a nickel issue due to NMC uptake and therefore Indo/GEAR needing phosphate to manufacture LFP or cars with LFP takes a fair degree of mental gymnastics. If Indo went the LFP root, then it would not have any natural resources to exploit and add value. This would be the very definition of dumb business.

The article sited by Bazza clearly states Indo wants Australia's help with batteries due to our lithium resources.

Meanwhile, back on planet reality, NMC had 60% global share compared to LFP 30% in 2022.

Source IEA
https://www.iea.org/reports/global-ev-outlook-2023/trends-in-batteries

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I think to summarise you are agreeing with me that it would be easier for Indonesia to source lfp cathode from other country eg Australia as they have no lithium or phosphate.

Also Darwin is a stone throw away.

good to see we concur

AEV Price at posting: 0.9¢ Sentiment: Buy Disclosure: Held
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