I find it reassuring you pay attention to my posts, noticing I haven't posted as often. Not sure where you get the Lord Jesus from but I'll take that as a compliment. It's not often people share factual information, or any information for that matter especially during times when the company you're invested in hardly releases updates and causing concerns over delays... so you're welcome... let me share one more rant.
Don't worry, I won't be sharing much information. What's happened with Ukraine and my involvement in ensuring it comes to light and information made available on the internet (although you can't Google search it) is the last. I trust you appreciate knowing facts nonetheless, the real reason for delays and the many others I've shared before the fact despite your opinion of me.
But I digress, my reason for posting today is to address the negative comments being made in Austria. Basically there are two main sentiments:
1. Austrian assets sold for cheap to now foreigners are benefiting and making them like African mines, pillaged of their resources to be shipped offshore
2. Environmental concerns
1. How rich of Austrians to think foreigners are benefiting from their assets to leave them with nothing, as if Aussies would treat Europe like how Europe treats Africa. No, Aussies are miners down under and we're richer for it - doesn't Austria want for us to show them how it's done? Firstly, they have every opportunity to buy PF8 shares. Secondly, BMW is the end consumer of the lithium and they employ 100,000 Austrians! Quite literally, if Europeans want to keep automotive jobs in Europe, you need refined lithium, processed cheaply and the most polluting part done elsewhere, to build BMW EVs in Europe. Aussie mining companies like European Lithium are quite literally helping Europe keep their much prized car manufacturing industry and jobs! EUR's CEO is a European miner who came to Australia to mine and now brought back to Europe the skills and learnt experience- isn't that worth anything? Would they rather Chinese EVs dominate the market? Lithium supply chain and all? With EVs practically mandatory comes 2030-2035.
2. Where were these critics with environmental concerns of lithium mining in China? Or what we now know of grave concerns in South America? How dare these Austrians think we Aussies mine with such low standards to cause environmental damage. Mining is what we do Down Under and do very well, including environmental standards. No mining is ever "clean" and you bet the chemical refining part is better and cheaper done in Saudi Arabia at a desert area with no forest, to minimise such impacts. And the nerve to think KSA is a second rate country, it's by far richer than Austria, Riyadh more industrialised and more technologically advanced than Vienna with enforced laws of high environmental policies meeting international standards if not exceeding them.
European Lithium (EUR) has gone at pains at the prep work including "how to" mine Wolfsberg before it begins, ensuring EVERYTHING is used, sold or recycled. Even tailings - name me a mine that recycle their tailings. An underground mine, no less, that ensures the pristine nature you see on the mountain slopes remain untouched, other than the conversion plant, which will be far and away out of public sight. Nevermind those trees are not some grand thousand year forest but timberland.
No offence but Austrians, specifically netizens and armchair critics, can't see beyond what's in front of them. They were happy to sell this mine and have someone else burden what they previously saw was worthless. Now that we see it's worth billions, complain foreigners are apparently pillaging their natural resources, and shouldn't have been sold in the first place.
Would they rather that lithium stays in the ground? If no, then don't complain foreigners are profiting for the more than 10yrs of investment coming to fruition. If no, then are they saying they would rather get their lithium from China? They would rather "pillage" African countries resources, is that it?
I find it very interesting. Still plenty of racists in Europe it seems. That's what I got from all the hoohas in Europe about Wolfsberg project right now. But nevermind this small minority who screams the loudest, the vast majority is thankful EUR has done the work despite over 10yrs of delays for a locally sourced lithium on European land, compatible for EVs and eStorage... but you won't see much of it in the media... those things don't sell papers... protests does.
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