hi kiwi, appreciate you taking the time and sharing your...

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pellizzoni

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17/10/22

11:28

Post #: 64232059
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Originally posted by Kiwisfly9: ↑

Hi Pellizzoni

If the Tesla deal doesn't go through its far from a deal-breaker for CXO's future.

Tesla are now finding themselves in an increasingly hot market as far as EV competition goes and while they certainly had first movers advantage, which gave them an edge in many areas such as general vehicle performance, battery performance and scaling (including vertical scaling, of which we are possibly about to be included) companies like Rivan, GM, Ford, Polestar, VW, Mercedes and now even Toyota are pivoting their businesses towards EV's and have massive competitive advantages in other aspects of automotive manufacturing. All of which need to secure product for the foreseeable future in a world were supply deficit is expected for the foreseeable future and they are going to need to rapidly scale to stay competitive and in business.

Plus there are battery manufacturers as well, plus there are likely finance options through the NAIF, plus international financiers who would almost certainly be interested in the project.

Plus the whole billion dollar a year profits at current spodumene going rates (so we could probably afford to do it ourselves if were prepared to wait a year from spodumene production coming online).

So in essence, no harm, no foul. But from a brand perspective, dealing with Tesla is good for us as they are generally still acknowledged as the front runners I'm the EV world for now.

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hi kiwi, appreciate you taking the time and sharing your thoughts on my question. Totally agree we are winning regardless ☝️

CXO Price at posting: $1.19 Sentiment: Buy Disclosure: Held
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Last 11.5¢		Change -0.005(4.17%)		Mkt cap ! $246.4M

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