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clock Created with Sketch. 09/04/22
20:04
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Originally posted by gwood888:
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Yep, just like his twit about wanting to start a new social media platform, he ended buying into Twitter. Musk will definitely buy or go into at least 50% JV with a lithium miner like Gangfeng in FFX to have a constant supply of lithium in the future which unfortunately leaves FFX out of the question. I think he also like it in a geopolitically stable country and a country that have been trading mad for lithium stocks...AUSTRALIA!!! Tesla already has offtakes with LTR and CXO so could be these but I think the MC for these 2 companies are too high for him to take a 50% stake now...although this is chicken feed for him, I think he might as well leave these as offtakes. I think he is looking for a fresh miner with a decent lithium reserve, has no current offtakes with any other players and ready to ramp up to production fast if a few hundreds of million is available...ESS is my top choice and possibly take over MXR next door to increase reserves...I do own a lot of FFX and none of ESS or MXR...maybe I should??...just thinking out loud.
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Lithium price rises will force Battery makers etc to buy into resources as Gangfeng has bought into Goulamina. Ensures product supply and the share in profits effectively subsidises their product costs. This will make Gangfeng more competitive.
