Rio did not do their research, the Jadar mine in Serbia is not going to happen. The valley in Jadar has important cultural heritage and historical sites, including memorial and sacred places.
The concern is that mining and processing area lies in the center of the valley through which runs rivers, there are several hundred homes in the valley that have been farming for generations.
When they found that Jadar was in the to hard basket in getting approval they acquired the Rincon lithium project, I don't believe Rio when they say they are not looking for M&A you can bet your bottom Dollar they are.
AKE would be a good fit for them but acquiring it, well you must pay the ferryman.
AKE Price at posting:
$12.44 Sentiment: Hold Disclosure: Held
