Good to see a pick up here, personally I've been in since IPO and looking forward to what the next 12-18 months holds.
Very bullish given the low EV, few quick take aways;
- As the old saying goes "location, location, location!". We look to be well placed in the future battery making hub of Europe that is Germany.
- New management team seem well versed in the lithium space and the ability to help raise funds.
- Macquarie yesterday reversed their view on lithium and are bullish long term.
- After doing some research this looks like it could be a zero carbon foot print which is what every EV manufacturer is aiming for.
Also a side note from a few quick pieces of research, Tesla looked to buy out "Simbol" in Nevada in 2015 for $325mil USD but it fell over when Simbol wanted more ($1.6 bil apparentyl!). If most remember lithium didn't really start rocketing until the end of 2015/16, so you would think in today's market the price of such a take over would be much more.
(https://fortune.com/2016/06/08/tesla-lithium-startup-simbol/)
Hoping to touch base with the new MD in coming days and will keep everyone posted. Once I get a bit more info I will be sure to post.
Surely I can't be the first one to the party here? It seems I might be. If that's the case I hope the party gets started soon enough!
Brine on the Rhine!
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