VUL megathread, page-5538

Dear camban, aren't you falling toomuch for Vulcan's admittedly excellent marketing strategy here again?

„“hopefully soon to be a muchbigger” geothermal heating producer/energy supplier“

Vulcan has so far only deliveredannouncement after announcement, nothing more. Vulcan is years awayfrom the possibility of delivering Lithium or energy.

„each offtake partner bringstechnical and political clout to the table, they’re not just abuyer. Stellantis as major shareholder and offtake partner, withtheir large Opel operation located nearby Vulcan, is strategicallyand politically extremely helpful. first five years of lithiumproduction is fully sold out.“

All this is of absolutely no use ifVulcan cannot solve its problems. If Landau and Insheim continue torun on a reduced scale because of their technical problems, if nofurther power plants can be built because of increasing resistancefrom the municipalities and within the population, as happened inOrtenau. Then no one can buy because there is nothing to sell.

„These are binding purchase &supply agreements and this considerably aids the process of obtainingBank financing for the buildout of the project.“

That is nonsense, you know that verywell, there are the corresponding clauses in the contracts. And inGermany, interest rates are rising, moreover, banks are becoming moreand more reluctant to lend. A project as risky as Vulcan's, whichalso requires the small sum of 1.7 billion, will not meet with muchenthusiasm from the banks.

„due to high demand and globalshortage the production could be expanded even further if feasible.“

Expanded?, sorry, that's a bad joke,production can't even be started yet, the start of production hasbeen postponed by over a year to the end of 2025. Further delays areinevitable.

„If they are deliberatelyunder-promising now in preparation to over-deliver (the DFS arrivingin Dec, for example), short sellers are going to get well burnt.“

Vulcan under-promising? - here I reallyhave to laugh, a great joke!

„Clearly, all signals are that thethe DFS is going to be very positive.“

Of course the DFS will be positive, doyou have any doubts about that? Vulcan can't do anything else. If theDFS were negative, the share price would plummet, the shares would beworth nothing. But even with a positive DFS, the concern remains thatVulcan will never meet its forecasts.