Banter and general comments, page-38004

If your point around posting around Tritium demise was to show that there will be winners and losers from the transition to EV's, the point could have been made a different way, but 100% agree. There will be failures in the EV space and the EV transition will cause many failures for companies that choose not to adapt or have no way to adapt given the product they make. Competition hasn't stopped just because EV's are a growth market.

As an indication of how quickly things are changing, the article below notes that in China the combination of full EV's and plug in hybrids has across the 1 April to 14 April period exceeded half of sales. It won't be long before periods like a month, quarter or year also share this stat. Many producers of petrol vehicles for the Chinese market will be in a world of pain financially as sales fall.

https://carnewschina.com/2024/04/20/chinas-ev-sales-now-over-50/
China’s EV sales now over 50% (carnewschina.com)

And yes - Core does need to restart mining of Grants to deliver value to shareholders. As Grants has a short remaining life, Core needs to be progressing the development of BP33 so that it produces ore before Grants runs out. Ultimately cash is king and the only thing that is going to increase cash balances is selling ore at a price above the cost of production. Core needs to restart mining, but needs to restart with a sensible cost structure.