Thanks for posting that link LiveEagle7 - this snippet out of it is particularly exciting for CZN
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After successfully raising $1.8 billion in bonds that are set to mature in eight years, Musk only has one mission: ramping up
battery production.
Unfortunately, that won’t be so easy without one vital ingredient:
cobalt.
Look, I honestly do not believe that an overwhelming amount of investors understand just how bad the situation is for cobalt supply.
But Musk understands...
Buried in the prospectus for Tesla’s monster debt offering, he only mentions the element a single time. John Dizard accurately pointed us toward Musk’s quiet warning over cobalt.
It’s listed as a potentially at-risk material for Tesla.
And that, dear reader, is hardly surprising given the fact that cobalt makes up more than one-third of a lithium-ion battery.
Without it, we would have to give up our smartphones, Model 3s, and any other product that uses these batteries.
All of them.
In fact, cobalt consumption is already outpacing supply.
And soon, it’ll turn into a
full-blown crisis for the world’s largest tech companies.
This is where things go from bad to worse for Musk...
When 60% of the world’s supply of cobalt comes from a region where 4-year-olds are put to work in mines, it’s only a matter of time before these stories break into the mainstream media.
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On the back of that ... its easy to see why Hanking ( like fastSell noted as well ) have invested here -- so at 2.3c currently - one sniff of anything close to the results of the last drill could see this little horse bolt out of the blocks ...
ADYOR / GLTAH
