ASX Today, page-41383

LOL... Just ignore that 'Someone.mob". It's just a "mob" as you can see.

We are here for business. This is not a church or a cult. I have no deep feelings about LTR. I'm only here to make money. I will sell it out or hold it partially for the dividends when the right time comes. But it's not the right time atm. We have a long way to go. Everything is in our advantage other than the stock price manipulation of LTR and the lithium price. That is what is fake.

This is what I said;

"I recommend everyone to make their own research but not to listen to the media and those manipulator reports by the financial instos belongs to the BEOT about EV sales. Those are not telling the truth....

You need to follow the EV and battery specialised web sites, to check out the monthly EV sales, battery sales, to see what's the growth rate of EV and battery sales, battery gigafactory projects, climate change, and everything in the world related to energy demand and transition. Then you can make your calculation to see how much lithium needs the world for this year and coming couple of years".

Simply DYOR...!

Yes... this is business.
You never know what's going to happen next as it happened in the event of "Strategic partnership with LG".

Strategic partnership with LG is now very good for us isn't it?
We got $380m in bank and will be comfortably producing in 3 weeks time.

The shorters and BEOT are very much uncomfortable about that atm. That's why they are now trying to discredit me here. LOL.. No way.

We said this is business. What may happen next?

LTR will start production and will ship the spod to its customers. Money will flow.

But this is business as we said. New things will happen. Business never sleeps.

Because the mining majors are not deeply interested in lithium business the existing producers will find their way like the water drops and will make the ocean.

It's about merging.

The lithium miners will merge and will make very large lithium mining and refining companies in the near future.

There hasn't been much merging in lithium market so far other than Orocobre- Galaxy to Allkem and Allkem - Livent to Arcadium.

I'm now predicting that LTR may merge with another lithium miner and refiner in the near future.

I'm saying "miner and refiner" (vertically integrated) because refining is very important. When you mine your lithium raw material and convert it to lithium chemical in your own refinery the end product (lithium carbonate or lithium hydroxide) catches a very high margin.

The calculation is simple; When you sell 7t of spod to a ordinary refiner in China (it could be 6t to 8t depends on the grade of spod concentrate), the refiner makes 1t of LCE with that. The cost is being $1200/t of spod x 7t = $8400. Then plus the refinery cost of $3000/t to $4000/t. It comes to $11000/t to $12000/t of LCE.

The LCE price is now $12000/t so there is no margin there for a ordinary refiner in China. (I'm no talking about the premium battery producers like LG. They prefer to pay much more to make a quality battery grade LCE at higher cost).

When that ordinary refiner uses lepidolite concentrate to to make 1t of LCE they have to process 20t-25t of lepidolite concentrate in the refinery.

However when you are a vertically integrated producer, the cost of LCE is being around $5000/t to $5500/t. Then you can sell it at $12000/t and make a margin over 100% even at worst conditions.

That's why LTR also trying to make its own vertically integrated plant with Sumitomo and now with LG. Working on it.

Why would LTR think to merge with other lithium miner/refiner?

That is in the nature of business. It is for lowering costs, growth and being more profitable, competitive and/or monopolisation of market.

Sometimes it's necessary in the hard times of the market. Just think why Orocobre-Galaxy-Livent were merged.

Who could LTR marge with?

It has to be a miner or miner-refiner with vertical integration plans and more importantly it should be a western oriented (including US free trade partners like LG of Korea or Sumitomo of Japan).

Is there any company like that?

Yes there is only ARCADIUM in that position in my opinion.

No Greenbushes, no PLS, no MIN (Wodgina & Mt Marion).

There is only ARCADIUM to merge with LTR IMO. ( I need to check more if it has any kind of Chinese connections)

This is just my new prediction to think about.

Arcadium (LTM) is already a US company with 2 brine projects (one is producing) and 2 hard rock projects Olaroz brine is already producing lithium carbonate in Argentina and it's being converted to lithium hydroxide in its Japanese plant which Toyota is a partner.

It is also developing Sal da Vida lithium brine project in Argentina. Nemaska Lithium (hard rock) project is also being developed in the James Bay region of Canada (was bough by Livent), and the James Bay (hard rock) lithium project (inherited from Galaxy) is also at he same region and being developed atm.

Arcadium also has Mt Cattlin project (had originally 12mt resource) at south of WA but I'm not considering it as as a profitable one. It has already run out of quality ore and nearly dead IMO. However it's plant may be moved to Buldania (has 15mt resource) and start production there in the future.

We can go to the details of Arcadium later on. I'm only talking about the bold lines of business principals and strategies of merging specifically in lithium market here.

I think something like this has to happen.