Political Risk 101. My View: EV adoption has its converts & detractors, Both sides have some valid points, However, at what environmental cost is the Chinese Li & Ni industries? Indonesia, now the largest Ni producer is an environmental disaster area: FUBAR Li & Co out of Africa, again destroying the Gorillas, Child Labour, Corruption, Unstable Politics and the big one, Totally unsustainable environmental degradation. So that a consumer can feel Green, Clean & Fuzzy about a non-polluting car: Really! All that's happening is moving the pollution from the city streets to Indonesia & Africa. ESG. Much talked about but sidestepped, lip-service only. POLITICS For Western style Governments to encourage & subsidise EV's then it follows that the Battery Chems. metals etc. are ethically & sustainably sourced, (ESG) full audit trail, Li from LTR or PLS, Ni from BHP, etc. If this does not happen then all Govs. are succeeding in achieving is the encouraging and endorsing the Chinese Rape & Pillage of the Planet to the destruction and closure of Western, Mines, Businesses, Car Factories, Jobs etc. Tariffs should be applied to BYD & other Chinese vehicles to level-up the Playing Fields of Commerce IF I'm going to buy a Green Car, I WANT IT VERY GREEN, I WANT TO KNOW. That the workers have been properly paid The materials extraction has been done to the highest possible standards. Mines remediated etc. AND, NO, I'm NOT a Bearded, Cardigan Wearing, Left Wing, Woke Greeny. My Point. The pendulum has swung about as far to the Chinese agenda as possible. It now has to return to Centralist Rationality. No point in having cheap EV cars and no jobs to pay for them or beauty spots to visit in them. If Govs. of whatever persuasion get this half right, LTR, PLS, BHP et al. will have a very bright future. get it wrong...
A Few thoughts about GR. After 11 Feb. she is free to launch a new bid. Will she? I don't think so, I can't see the advantage at this time, just leave the cash at the bank earning interest. My opinion is that she should allow management to get on and build and commission a mine. That's what she wants, a functioning, productive mine. There is many a SNAFU to be sorted before production. I can't see the SP doing much until commissioning.
But then she might just surprise us with a low-ball bid to grab a further chunk to average down, await a further 4 months for a proper bid when commissioning underway and she can see and value what she is buying.
Best XanaX
LTR Price at posting:
$1.20 Sentiment: Buy Disclosure: Held
(20min delay)