u're welcome smith, nice to have u onboard too.
yes I presume so. Glencore basically I think will use it to their advantage.
Most likely Glencore sees a supply shortage over the next 5 years that's why they wanted all the marketing rights from Eramet. it's cheap for them like u mention there prolly will be a clause for delivery and in failing there should be some penalties.
Glencore most likely will use these stocks for the various trading tools such and options, futures etc.. which is their core business.
Glencore as Paulgf mention is a huge trading house for commodities. Basically they would want in on lithium too and hopefully Lithium Chloride too.
it's cheap for glencore basically to not have the hassle of finding a resource, drilling and keeping fingers crossed, getting approvals, EIA, construction and then production.
AIMHO, GLTAH.
Ann: Quarterly Activities and Cash Flow Report, page-29
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Mkt cap ! $72.20M | |||
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