Hi
@traderjack
I thought I would follow my last post with a post of concern... Not for Galaxy as the fundamentals of the market are in our favour but one thing that has been identified..
ARAMCO plan to list on the london stock exchange.. no big deal right?
London fund managers soften on Saudi Aramco float ahead of new Financial Conduct Authority paper
I think it is.. and it is a threat to all civilisation... especially those that believe in a renewbles future... Are you listening Elon?
My understanding is that they want a 5% listing but even at a 25% listing they will have enough wealth to be able to acquire and dissolve all lithium investment on the planet.. thus slowing down the adoption of renewables and allowing big oil to reign supreme..
We see Anthony Tse, Joe Lowry and also Ken Brinsden all wanting investment in their various assets along with other lithium companies.. most of which I don't think will make it.. but the problem we have is similar to my view that Galaxy Resources could be taken over... This goes for any potential producer to the market.. yes
@Kikker1959 I am also talking with you.
See the problem is that none of the companies interested in securing a renewable future have actually invested and secured the miners so it leaves the whole idea of a renewable future similar to that of Galaxy and General Mining when Galaxy realised they had no alternative to take over General Mining as it was a risk to its own future.
So I guess with this post I leave it out there that the best lithium stocks are essentially waving in the wind and open for a take over..
Galaxy at $2 to $4 billion would have most punters accepting... probably same could be said for those in Orocobre, meanwhile Pilbara could be taken out fairly easily despite their Ganfeng and Minres alighnment..
Money is money right..
So how many of these major holders would say no to the right coin that would place renewables on the back foot?
Meanwhile Volkswagen and Tesla for point would never be able to persue their goals/dreams whilst particularly directed at an electric car company like Tesla would likely fail without access to the specific commodities that make it what it is.. Cobalt & Lithium..
Food for thought...
Is supply worth securing yet?
Or do we see what happens?
Either way for the investors in these stocks we will do very well as our positions are taken out... though would it be via incredibly heavy shorting like BlackRock gave us lately...
Who is working for who?? Conspiracy... or just a concern that maybe the Australian government should think about..
Imagine all companies in lithium were encourages to produce here with 5c per KWh of electricity..
Though I am not talking with Big Mal or anyone of importance..
I just wanted to share what was bouncing around in my little head..
Laying a wreath?