Has been a really tough market for Lithium.
On Monday Billionaire owner of Tianqi stepped down and handed control to his daughter- after latest big loss.
One of the big Lithium Cos Albemarle presently is bleeding cash and needs the market to turn around quick.
Then you have CXO using its stockpiles as mining is uneconomical.
A world of pain for Lithium Cos moving forward at the moment- so why would LG partner with ASN, and what is ASNs future given Lithium doldrums?
#We are at the lowest cost end of production
#With it coming to surface under its own steam, the benefits are huge
#GR has all the infrastructure onsite and nearby to maintain cheap set up. We not like AVZ and others, where they need to build roads & power lines, and gas pipes, etc. We have it all on site or easily accessible already!
#We make a high quality product ready for battery usage. We’re not like many of Aus Hard Rock producers who are digging it up, shipping it to China to be further refined. Our product will go straight out the door to local US Car & Battery producers. (No wonder LG was keen). There's no years of waiting for it to dry out, ready to refine.
#We will be right up the top for producing Lithium with high ESG standards
#The US govt is working with us to plan legislation- we are the test case and we are the A1 Standard. The govt needs us to fill in Biden's Green Initiative.
# The local community want us- the local council and mayor stated they need us, their biggest export at present is their kids- as he quoted!
#Bruce has employed the best team to take us forward- he has head hunted- and our Florida DLE Innovation Centre is becoming a world leader in design & development. In latest DLE conferences Bruce & ASN are presenters and highly regarded.
#We are the greenest production of lithium- no wasteful brine ponds, no environmental wrecking Hard Rock mines!
I just watched a replay of latest council meeting of Grand County, and these guys are not happy that GR is going ahead of Paradox, and really keen to get ASN back. They know SUWA stuffed a great opportunity for them. One guy stated that they have done nothing to further Biden’s Green cause- named other local areas with their projects and stated they needed a Co like Anson to help them meet green standards.
Paradox to get okayed next? Reckon we’re in for a huge couple of months- and the SP will look after itself- cheap @ 11c!
Lithium price has bottomed - you watch M & A and Instos starting to buy... it's like a tap- once turned on, Sentiment & Investors will jump onboard- and we are best placed!
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