SPC: Advanced cathode powders With over 20 years’ experience, VSPC develops leading-edge cathode materials for next-generation lithium-ion batteries. Our high-quality, high-performance, and globally cost-competitive LFP cathode powder already features in e-mobility and energy storage applications. Going forward, it will continue to enable safer, cheaper, and more environmentally-friendly transport and energy storage options to come to market as we move towards a zero-carbon economy
I and others have used the term 'Smoke and Mirrors' frequently when dissecting announcements from LIT. this paragraph from the half yearly accounts shows what the term means.
When reading this , the insinuation is that VSPC is a producer of cathode powder used by certain sections of the industry. (blatant BS , to my mind)
Fact is,........ LIT acquired the original VSPC and their Patent for cathode powder, after they folded for a few LIT shares. Since then ( over the last 3 years) they may have produced a bit of powder (for samples) but have been unable to get any battery manufacturer interested.
DYOR is needed with LIT or any other ASX:company the directors are associated with.
LIT Price at posting:
3.9¢ Sentiment: Sell Disclosure: Not Held
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