I did interpret the change in tenure as Infinity selling, my mistake. That does not make the rest of what I'm saying wrong.
I did buy a few shares right after the halt, that's why I changed to Hold/held. This a speculative small position, high risk/ high reward.
Yes our PM, I'm Spanish so he is my PM.
From the Phi4tech announcement on the battery factory:
"The project is the private initiative of Phi4tech (battery and cathode factories), Lithium Iberia (Las Navas mining project and lithium transformation factory) and individual partners in the case of the Aguablanca mine. The project has financing, clients and project."https://www.phi4tech.com/news/extremadura-will-host-the-first-battery-cell-factory-in-southern-europe-with-an-investment-of-400-million-euros-and-500-jobs/Lithium resources are abundant in Europe, don't take my word, just check the European Lithium Institute report from 2019.
https://www.minersoc.org/wp-content/uploads/2019/05/3ICM-Gloaguen.pdfThe problem the EU is facing is a problem of development of Lithium projects to production on time. Whomever is telling you that this project must go ahead because Europe has not enough Lithium is lying. Yes, this is a really nice project with a huge identified reserves, that's why it is so attractive, but more and more reserves are being discovered and there is absolutely no certainty that this project will go ahead. It has some chances yes but not 100%.
People can read my first and second post in the Local opposition thread where I warned three weeks before the halt that I was selling because I was feeling a strong political opposition at the all levels.
https://hotcopper.com.au/threads/local-opposition.5665541/?post_id=51851005https://hotcopper.com.au/threads/local-opposition.5665541/?post_id=51876650I'm saying all this because it is dangerous to just listen to cheerleaders like Celts that will repeat over and over again that it's all good and dandy. You can see him here calling the warnings about local opposition "
a load of downramping nonsense" and that "
Funny how the volume and price seems to be moving north every few weeks......it looks to me as if it's just a matter of time before the big ANN brings us the news we've all been waiting on." from the 17th of January. The price is down 70% from that post.
https://hotcopper.com.au/threads/local-opposition.5665541/?post_id=50227574The accusations that I am against the mine so that's why I'm here trying to convince a bunch of retail investors to sell their shares for what exactly? We do not move the price, we just ride it. Why on earth would I be here if I wanted to hurt the project, only Celts knows. This is just information for retail investors with almost no influence on the share price. And I don't live in Spain, so I couldn't care less of what happens, this is just about taking informed decisions.
Do your own research and try to have a balanced approach to understand the real risks and rewards of any investment. And yes, I put a lot of effort on my posts since I've been following this project for months.
