..."Yes we have the cash, we have the resources, we have the prices, we have the converters on their knees and we can't deliver the knock out blow. This relationship we have with Toyota could be like a wet blanket holding us down"
You have, indeed, said a ..real mouthful there, Swifty..!
Akio Toyoda, CEO of Toyota, and President of JAMA, the Japanese Auto Manufacturing Association, has been ..the key lobbyist, for more than five years now, for the US Government to do everything possible to resist the move to transition the global Auto industry to EVs
On another topic, in light of Toyota's well documented and ..active, antipathy to the global transition to EVs, and us now fast approaching 2022 and the world entering into ..long term, global Lithium supply ..deficiency, and given the recent $2240/T Spodumene Auction prices achieved by PLS, I think it might be about the right time, now, for us, to think ..very seriously, about moving away from selling our, ORE Lithium, via long term, and ..fixed, ..low priced ..negotiated contracts, and instead, think about moving towards offering our entire, off-takes, via annual Auctions, that is, unless buyers, are now prepared to sit down and negotiate ..F A R, better, contracted pricing, for ...securing our supply, ..for themselves. going forwards. After all, the Chinese have had absolutely no qualms, as we have clearly seen in previous years, about ..reneging, upon their own, ..contracted, off-take tonnage requirements, ..when ..it suited, them. As the old saying goes, .."Every dog, (eventually) has its day" ...!
ORE Price at posting:
$8.31 Sentiment: Buy Disclosure: Held