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Dear_Lithium miners_in Argentina,_prepare for_the green_weenie
Crisis in Argentina: the Government appointed a new Minister of Economy
https://www-infobae-com.translate.goog/america/america-latina/2022/07/28/crisis-en-argentina-el-gobierno-nombro-un-nuevo-ministro-de-economia/?_x_tr_sl=es&_x_tr_tl=en&_x_tr_hl=en-US&_x_tr_pto=wapp
Dear gullible Lithium miners in Argentina, as we tried to tell you 6 months ago the insatiable IMF wants a fat 50% of the profits/gravy you thought you were going to make clear mining lithium in Argentina... and the IMF is definitely going to get their perceived share (ie their "pound of flesh") once their inside man is firmly installed/cemented into the current government.
Sooooo.... tough luck amigos.
The Doctor
PS, Dear Mommy's Boy Gabby Boric, this Argentina mess next door is a very good example for you to learn a worthwhile lesson from at minimal expense to you today... you want to avoid at all costs getting in bed with the IMF and having your next colonoscopy examination probe entrance increased by 2 or 3 times a couple years before your doctor even exams you again for polyps.
Ah_yes, the_2 cents_cash payment_frosting on_the cake._5+2=7 cents correcto.
The 2 cent payment is from Gil Playford to close out our $2.5M bank account... I forgot about that, but you're right. That 2 cents needs to be factored into the equation if you're going to pump buying BLILF over LTHHF.
The Doctor
extra 5 cents ... and extra 2 cents:
The merger of Bearing will be structured as a plan of arrangement whereby Bearing shareholders will receive 0.7 of an LPI share for every one Bearing share held (“Exchange Ratio”) (up to 94.5 million LPI shares) 1, and in addition Bearing shareholders will receive a cash distribution (by way of a capital return) estimated at C$0.02 per share ( estimated )
extra 5 cents ... and extra 2 cents:
The merger of Bearing will be structured as a plan of arrangement whereby Bearing shareholders will receive 0.7 of an LPI share for every one Bearing share held (“Exchange Ratio”) (up to 94.5 million LPI shares) 1, and in addition Bearing shareholders will receive a cash distribution (by way of a capital return) estimated at C$0.02 per share ( estimatet )
Climber18, LTTHF_is at_US$0.40 today._If the_consolidation happened today_then
you as a Bearing shareholder would get US$0.28 for each US$0.23 share of BLILF you own... so in effect you would be making an "extra" 5 cents on the consolidation transaction which one could argue (as you are apparently) is indeed a fairly good reason to buy BLILF (Bearing) today as opposed to buying LPI (ie LTHHF) today.
The Doctor
Thanks for the extensive reply.
My resumee is: if someone wants to invest in LPI he should do it via BRZ / BLILF
and not buy LPI shares at the moment.
China_licking their_chops over_being able_to setup_geological spy_cameras in Chile
https://www-portalminero-com.translate.goog/wp/chile-y-china-firmaron-acuerdo-de-cooperacion-en-materias-geologicas/?_x_tr_sl=es&_x_tr_tl=en&_x_tr_hl=en-US&_x_tr_pto=wapp see 2nd paragraph from bottom which reads: Some of the specific areas of cooperation of mutual interest will be Regional Geology and evaluation of Mineral Resources, the application of isotopy to Earth Sciences, studies of Geographic Information Systems-GIS and Remote Sensing, Geophysics and Geochemistry techniques, among others.
Note: consult with Tianqi to figure out China's classified "among others" work.
And you can bet your sweet ass that China will now be immediately setting out to "legally unfettered" find every "new" underground crevasse/reservoir containing lithium in all of Chile before the end of 2024 under this treaty... mark my words.
The Doctor
Climber18,_for over_a year_I rallied BRZ_management to_accept nothing_less than_1.82_LPI
shares for each Bearing share in any "consolidation" move with my spreadsheet FV (future value) proofs pegged/derived over 2 to 4 years out, but my encouragement fell on deaf ears in Vancouver/Florida. Effectively we will be forced to settle on 0.7 LPI shares for each Bearing share which is difficult to quantify dollar wise until LPI creates Western Lithium and spins out its Western Australian assets to then create the "pure play" Maricunga play https://app.sharelinktechnologies.com/announcement/asx/66fa7180eeddcaa4e16994f0e05e1399
TheGekko and a few of his senior buddies/goombahs value LPI in its non-construction non-mining state as a AU$2.00/share (US$1.40/share) stock and I could agree that this is a fair valuation for a potential15,200mtpa to 20,000mtpa miner in a Chile not devolved into a disastrous Venezuela II status which then puts us (ie Bearing) at 70% of US$1.40 or US$0.98/share and that is where we are simply boringly now headed "mechanically" barring any major "upset the apple cart" changes like BYD or Tesla announcing they are going to try a hostile takeover of LPI/Bearing before August 22 which could emotionally double Bearing up to US$1.96/share in that best-case wonderful glorious upheaval.
It is still too hard to set the Bearing price in relation to LPI's ups/downs of late and I would steer clear of trying to solidify that dependence-driven relationship until they complete their DeMerger process. You can't tell just yet what babies are going to get tossed out the window with the bath water on this DeMerger so it is somewhat hard to correctly value the resultant LPI company which looks to be morphing into a more-concentrated MSB sans the old SpA designation/moniker. If the DeMerger gets postponed until after September/October then that process becomes a significant factor on Bearings' future and could impact our shares' value in a way that will sadly be very nearly out of our hands completely to control/sway.
The Doctor
How do you feel about the almost daily price discount of 25-30 % in BRZ / BLILF compared to the LPI share ?
A smart investor should swap his LPI shares for BRZ / BLILF ! ?
WSJ_Opinion: Chile’s Left-Wing Constitutional_Suicide Pact
https://www.wsj.com/articles/chiles-constitutional-conundrum-progressive-democracy-political-power-senate-justice-control-plurinational-regime-11658954029
One of the first things the new constitution would undermine is the independence of the judiciary. The proposed constitution would create a new entity, the Council of Justice, to evaluate judges’ performance and decide whether they can remain on the bench. The consequence would be to bring the judiciary under political control. On this score, former President Eduardo Frei Ruiz-Tagle has said that the constitution could pave the way to a “dictatorial regime.”
The Doctor
IMF:_Chile for_2023 will_not grow_and will_be worst_performer in Latin_America
https://www-emol-com.translate.goog/noticias/Economia/2022/07/27/1068136/fmi-eleva-proyeccion-crecimiento-chile.html?_x_tr_sl=es&_x_tr_tl=en&_x_tr_hl=en-US&_x_tr_pto=wapp
Dear mommy's boy Gabby Boric, well this is what happens when you don't know your ass from a hole in the ground about economics/finance. Once you get on the IMF's sheet list then you are cursed for the next 3-4 years while everyone (esp Whitey) treats you like a "don't touch" pariah basket case.
The Doctor
PS, do us all a favor and fire the Minister of Anti-Mining Marcela Hernando before September 5. Dragging this inevitable task out for another 6-7 weeks serves no one any good.. other than for that influence-buying talking-head fat pig Marcela.
Barclays_is a_buyer today...nice. Welcome_Barclays
Constitution_REJECTION donations_exceed APPROVAL_donations by_200 to_1
https://www.msn.com/es-cl/noticias/otras/aportes-monetarios-de-campa-c3-b1a-del-rechazo-superan-en-casi-200-veces-al-apruebo/ar-AA1007DL?fromMaestro=true
Rejection campaign monetary contributions exceed Approval by almost 200 times
Businessmen, political leaders and lawyers are part of the 247 contributors who on Tuesday morning had donated Ch$144,773,400 for the parties and civil society organizations that are for the Rejection. In contrast to the Approval, this option adds Ch$771,363, that is, 187 times less than the alternative of not adhering to the Fundamental Charter proposal. This last option represents 99.4% of the total contributions.
In the case of Rejection, only 18 contributors made their identity transparent, so the origin of Ch$87,838,400 in contributions cannot be known. Among them, the main donor is the agricultural businessman and vice president of Evópoli, Ítalo Zunino, who was also a candidate for the Constitutional Convention. He donated Ch$10 million to the organization Chile Deserves More.
The second largest contributor is businessman Juan Andrés Camus, president of the Santiago Stock Exchange, who contributed Ch$9 million for Rejection. The latter is also director of companies such as Depósito Central de Valores S.A., CCLV Contraparte Central S.A., DCV Registros S.A., among others.
In April of this year, Camus said in an interview with Diario Financiero that "the smaller the changes to the rules of the game and the uncertainty is cleared up, the better for the investment."
The third party who put up the most money is the former Minister of Economy of the first government of Sebastián Piñera, the UDI economist Félix de Vicente (Ch$5,750,000). He has worked in areas such as plastics and kitchen equipment, and for the last time he has been away from contingent politics. In any case, he is still close to former President Piñera and, like him and everyone around him, they have been leaning towards Rejection for a long time.
In fourth place is the lawyer Juan Francisco Mackenna, partner of the Carey law firm. He is knowledgeable about the energy sector and is linked to politics, since he was director of the Instituto Libertad (close to RN) and also a member of the board of directors of the El Líbero outlet. Mackenna put up a contribution of Ch$4,400,000.
While the fifth largest contributor is Luis Bravo Garretón, with $4,000,000, who works at the Bravo Izquierdo construction company. Like him, other donors to the Rejection are linked to the real estate sector, such as the advisor to the Chilean Chamber of Construction, Sergio Silva Fraser, who contributed Ch$3,335,000, and Cristián Boetsch -from the Boetsch real estate company-, who did with Ch$3,000,000.
In that sector they have had a critical opinion regarding the proposal. In fact, during the CChC's Annual Construction Breakfast last June, the union's president, Antonio Errázuriz, criticized that "the drafting process and the content of the constitutional proposal, far from helping to resolve the differences between Chileans It has stressed them."
In the case of Approval, none of his contributors gave his identity. One of the organizations that received the most money was Tu Voto Matta, with Ch$297,293, while Quillón Aproba received $195,000 and the Amnesty International Support Corporation received Ch$118,000, among others.
The difference in money between one option and the other is something that was also given in the entry plebiscite. On that occasion, at the last count of October 25, 2020, of the total of Ch$541,303,031 in contributions, 78.9% was for Rejection and 14.4% for Approval, while the remaining 6.7 % was for the Constitutional Convention option.
-----
There is going to be some serious money going into advertising/social media on defeating the proposed new constitution scheduled for public voting on September 4. In fact, Boric and the commies are freaking out so badly now that the new constitution is going to be rejected that they are willing to meet early with the centrists and the right-wing to salvage the mutually agreeable parts of the draft constitution and gain approval for these articles prior to September 4 using the current constitution's approval processes https://www.latercera.com/la-tercera-pm/noticia/que-reformar-el-listado-que-asoma-en-el-oficialismo-para-modificar-de-la-nueva-constitucion-y-las-senales-de-la-moneda/LCSNW3QNY5GY3DJLFCDXHSFQKM/
The "losing" commies and the left-wing are realizing this week that they are on the boxing ropes and going down for the knock-out count on September 4... so you can bet they will be fighting to introduce new legislation in August to seek approval on the easy-peasy draft articles that they can salvage.
Dear José Antonio Kast, https://www-chilealinstante-cl.translate.goog/entretenimiento/2022/7/25/la-contundente-respuesta-de-contraloria-jose-antonio-kast-9549.html?_x_tr_sl=es&_x_tr_tl=en&_x_tr_hl=en-US&_x_tr_pto=wapp The commies/leftists will very likely soon be kissing your_ass in the Chamber of Deputies to get key portions of their "constitutional level" agenda approved early in August prior the September 4 vote... may we (ie "we" lithium miners) propose to you that you horse trade some of your precious right-wing party congressional votes to the left-wing agenda in exchange for the left-wing supporting (with their votes) your new motion to REPEAL the Strategic Mineral classification on Lithium? If ever you had the maximum amount of political leverage to kill the Strategic Mineral classification on Lithium.... it will be in August inside the Chamber of Deputies.
The Doctor
Willy_Kracht sings_old Paul_Simon song_for Nueva_Minería y_Energía Magazine
in his best non-threatening, non-offending, "don't rock the boat" almost a cappela rendition
You can call me "Team Player" Al.
After making this video Willy then delivered his standard 3 month-old standard canned-sheet mush analysis of the mining-on-hold program in Chile https://www-nuevamineria-com.translate.goog/revista/willy-kracht-chile-es-capaz-de-adaptar-su-mineria-a-las-nuevas-exigencias-sociales-y-ambientales/?_x_tr_sl=es&_x_tr_tl=en&_x_tr_hl=en-US taking care not to tell us lithium miners anything new/promising/hopeful so as not to upset the apple cart early before Minister of Anti-Mining Marcela Hernando gets booted out of her "paid-for" cabinet job under Boric after September 5 and the upcoming Constitution Rewrite rejection on September 4.
Willy wants to make sure that when the gunpowder clears from the air September 5 he is the only one left standing to take over as Minister of Mining so he isn't going to say anything of consequence/upsetting/out-of-step/progressive for another 6 weeks at least.
The Doctor
PS, Willy will be singing this Paul Simon song next into Marcela Hernando's deaf lesbo-munched ear I'd like to help you in your struggle to be free, there must be 50 ways to leave your lover.
Latest LPI presentation
https://vimeo.com/732331803
15-page LPI presentation hardcopy
https://newswire.iguana2.com/af5f4d73c1a54a33/lpi.asx/2A1386478/LPI_Noosa_Mining_Conference_Presentation_22_July_2022
As you all know, LPI has never produced even one kilogram of lithium in production mining for actual sale to a battery maker in the last 5 years, but in terms of mining Microsoft PowerPoint glossy pamphlets full of self-praise loosely based on flimsy Mitsui dreamburgers (ref: not one peso of good faith money from these faggot japs so far) and un-measurable near-zero risk hyperbole (see Y-axis page 5)... these ozzie_wankers are still unbeatable glossy pamphlet printer-miners.
The Doctor
Narrow-minded TheGekko_is telling his_sheeple that_because the proposed_new
Constitution on the apparent surface "has nothing negative for the lithium industry" see paragraph 2 in LPI-HotCopper post https://hotcopper.com.au/threads/lpi-the-next-lithium-producer-in-chile.6650218/page-1040?post_id=62696262 that Chileans should gleefully and happily approve this commie-enriching disastrous proposed magna carta. TheGekko once again totally ignores the bigger picture in Chile in order to selfishly support/inflate his next upcoming pump & dump of LPI set to start in earnest on Tuesday July 26. The real story here is that this bloated 388-article constitution rewrite chock full of commie wishes/midnight-thievery is simply a longer, more woke, and even more socialist version of Venezuela's constitution https://www.nationalreview.com/2022/07/chileans-must-reject-proposed-socialist-constitution/
The document, consisting of 388 articles, would create an unequal justice system and grant more rights for those who claim indigenous ancestry. It would effectively end private health care and education, and it would allow the congress to confiscate Chileans’ pension savings. The referendum on September 4 is the last chance for citizens to stop Chile from becoming a socialist country as Venezuela did over two decades ago.
Scamming TheGekko could give less than two sheets about the overall detrimental effect on the entire Chilean economy/population from this new constitution as long as it initially will purport not to impact lithium mining which we all know is simply a commie time-delay ruse in order for him (TheGekko) to pull off at least one more pump & dump before LPI announces the next CR (capital raise) probably this Friday since those foot-dragging limpdeck faggot-japs at Mitsui are still not contributing a single dime in "good faith" money to shore up (ie "carry") this deal and the flakes running LPI are once again nearly out of petty cash https://hotcopper.com.au/threads/ann-noosa-mining-conference-presentation-22-july-2022.6854074/page-36?get_post=true&direction=previous to support their plush/secretly-indulgent do-nothing minimal-work lifestyle.
The Doctor
LPI-HotCopperites, reinstall your Kevlar underpants. TheGekko is cranking
up his printing press again getting ready to deceive you all once more with his long-running old 4-year old canned worn-out spiel/gag Mitsui/shovel-ready/Crystalballs-is-a-messiah fictional story https://hotcopper.com.au/threads/lpi-the-next-lithium-producer-in-chile.6650218/page-1040?post_id=62696262
I'll bet I have heard TheGekko say our Maricunga project (NewCo) is shovel-ready over 1,400 times in the last 5 years. If our project was shovel-ready... then we would have (should have) been shoveling a long long time ago.
Sometime soon NLT Tuesday BushStar and FrankRockefield will also begin chiming in (to support fictional artist TheGekko) on how Chile's new happy-happy commie proposed 388-page constitution is a godsend for us lithium miners and the male-miners-hating Minister of Anti-Mining Marcela Hernando (center position at this latest feminist-only convention) https://www-reporteminero-cl.translate.goog/noticia/noticias/2022/07/linea-financiamiento-mujeres-pequena-mineria?_x_tr_sl=es&_x_tr_tl=en&_x_tr_hl=en is going to save all the junior lithium miners from themselves which is a total lie.
Whenever TheGekko starts gearing up his "rose colored glasses" Pollyanna false/feeble narrative on how Chile is Nirvana plus Crystalballs has more than half an ambitious brain then you all need to go into protective mode (turtle in the shell mode) to keep your head (and your lower range private parts) way down low.
The Doctor
"Current"_congress halfway_to approving_4/7 vote_to change_constitutional items
https://www-diarioconstitucional-cl.translate.goog/2022/07/23/reforma-que-rebaja-el-quorum-para-modificar-la-constitucion-pasa-a-segundo-tramite/?_x_tr_sl=es&_x_tr_tl=en&_x_tr_hl=en-US
Should the proposed new 388-page Constitutional Rewrite (spit spit) be rejected by the public on September 4 and if this new 4/7 bill is indeed adopted under the "old" constitution then the "old" congress working under the existing constitution could make changes to the old/existing constitution with a simple 57% majority vote in the Lower Chamber & Senate as opposed to the old higher benchmark vote of 2/3 (ie 66% vote).
If on September 5 the Lower Chamber or the Senate were subsequently to initiate a new bill to repeal the law that first made lithium a "strategic mineral" then a 57% vote by the lawmakers would repeal this ball-busting self-serving Pinochet family-enriching law only designed/implemented to make the top 1% fat-cats fatter by propping-up/supporting the monopolistic Chilean Lithium mafia. Yes, we would support this "lower bar" change in the law to a 4/7 majority vote.
The Doctor
388-page proposed_constitution is_too long,_too bloated,_too one-sided favoring_the dregs
of society... and happily for us lithium miners losing popularity fast https://www.courthousenews.com/what-will-happen-with-chiles-radical-draft-constitution/ as summed up quite succinctly in paragraph 11
“Poems make better love letters than long novels,” said Patricio Navia, a political scientist and professor at the University of New York. “Constitutions should be short. Long constitutions are like long contracts. Nobody reads them and then you have to modify them many times.”
The Doctor
Boric_not waiting for_the Constitution_Rewrite collapse_on proposed Mining_Royalty.
Minister of Finance presented input to the royalty project in the Senate Mining Commission https://www-portalminero-com.translate.goog/wp/ministro-de-hacienda-presento-indicaciones-a-proyecto-de-royalty-en-la-comision-de-mineria-del-senado/?_x_tr_sl=es&_x_tr_tl=en&_x_tr_hl=en-US&_x_tr_pto=wapp
Boric is slowly turning into a more-wiser more-inclusive statesman and trying to short-circuit the inevitable beaner clusterfock balls-smashing proposed eviscerating mining royalty scheme the commies in the Lower Chamber of Deputies started flogging a year ago.
It appears Boric wants the State to share more broadly (ie put more "skin" in the game) in the downside risks when the sale price of the taxable mineral in question goes down by proposing a more steeper sliding scale taxing rate... Dear Gabby Boric, well bravo this awfully white of you and very much appreciated by us miners.
Boric also wants to decentralize the collection point(s) of the royalty/tax away from all the corrupt money-grubbing scamming politicians in comfy Santiago and set up those collection points in the actual mining regions to apparently better distribute their 35% share more effectively and precisely which surely should cut out a dozen or so the "middlemen" grifters/scammers/thieves located on the road between Santiago and the real mining regions like Atacama. This sounds very JP Morgan-ish and could be an effective overall tool.
Let's hope Boric will keep the 50,000mtpa of LCE production mark as the royalty kick-in point. In any event it looks like mommy's boy Gabby Boric has given up on trying to get effective recommendations from that political stooge Marcela Hernando and is going to tackle this royalty upgrade more from an accounting/finance ministerial perspective through Minister of Finance Mario Marcel which is probably the best we can hope for at this stage.
And on top of this new "pain-in-the-ass" tax I also still wonder who Gabby Boric will get to write the proposed NLC (National Lithium Company) charter... because it sure won't be that knucklehead lazy never-get-her-surgeon-hands-dirty Minister of Anti-Mining Marcela Hernando.
The Doctor
Ex-Presidente Michele_Bachelet expected_to hike_her dress up,_squat over_the new
Constitution Rewrite, grunt, fart and push out one of her trademark toasty smelly turds to add into the shitpile abortion Constitution Rewrite which will be voted upon September 4 https://www.msn.com/es-cl/noticias/otras/boric-se-re%C3%BAne-con-michelle-bachelet-en-medio-de-expectaci%C3%B3n-por-posible-apoyo-de-la-expresidenta-a-campa%C3%B1a-del-apruebo/ar-AAZPMSZ
Click here for rough Google translation.
Dear Michele, do you think you could get those two useless talking-head porker men-hating Mining Ministers Aurora Williams & Marcela Hernando to join you in this commie-ritual hike-up-your-butch-skirts, squat & shit ceremony to grow this heaping pile abortion of Constitutional Rewrite proposal higher?
The Doctor
Lithium_Refining Is_a License to_Print Money, Elon_Musk Says
https://finance.yahoo.com/news/lithium-refining-license-print-money-045539041.html
or https://www.mining.com/web/lithium-refining-is-a-license-to-print-money-musk-says/
Oh Elon, you say the cutest damn things off the cuff.
The Doctor
Rio-Tinto takes_off rubber on_search for_more/new lithium...only 6_more rubbers_to go
https://www.smh.com.au/business/companies/looking-at-opportunities-everywhere-rio-tinto-on-the-hunt-for-more-lithium-assets-20220715-p5b1yf.html
The Doctor
PS, Dear Rio Tinto, it is a miracle that any blood from your heart even finds its way into your pecker with so many constrictions wrapped around it. Are you sure that appendage isn't dead and you're just pretending you can still get it up?
Batten_down the_hatches!_Boric preps_for new_constitution rejection_on September4
https://www.latercera.com/la-tercera-sabado/noticia/boric-revela-plan-b-ante-eventual-triunfo-del-rechazo-y-hace-crujir-al-oficialismo/WPPSIEIBTJDHHBRUA3NXAHV6SU/
Click for Rough English translation. Boric wants to reinvent the constitution rewrite wheel for another 18 months of excruciating pure beaner indecision/clusterfocking.
This new constitution is no friend to miners and unless you are a gay semi-cripple can't-work freeloading always-bitching gimme'-gimme' indian (or Rent-a-Eco-Terrorist protestor) then this new constitution isn't going to be an improvement for the common middle-class Chilean voter on the street. The 6 most obvious ball-busting commie-loving insider-commie-scamming changes which free-enterprise capitalist rule-of-law-loving Chileans are going to dislike are outlined in a report by the The Institute for Liberty & Development https://www-diarioconstitucional-cl.translate.goog/2022/07/12/nueva-constitucion-los-6-ejes-mas-daninos-que-componen-la-propuesta-es-el-titulo-de-una-publicacion-del-instituto-libertad-y-desarrollo/?_x_tr_sl=es&_x_tr_tl=en&_x_tr_hl=en-US published a few days ago after reading the finalized approved draft from the convention leadership... spit spit.
The Doctor
Wealth_Minerals video_update, we_recommend you_watch it
https://www.kitco.com/news/2022-07-15/The-way-the-world-gets-much-of-its-lithium-is-just-nuts-Wealth-Minerals.html
Tim McCutcheson explains WML's current status clearly and with comforting precision in Chile in a fashion totally opposite to what Andrew Phillips at LPI is incapable of doing for us without his embarrassing annoying stuttering/brain-farting in/on social media.
Tim outlines why WML is committed to the DLE extraction technique (see 5:50 minute mark) in Chile and why WML will not be able to go forward with Uranium One (Rosatom Russia) owing to the current war in Ukraine being waged by Putin (see 10:00 minute mark). Tim feels WML will however be easily able to go forward with another DLE system when the time is right. Tim also discusses the political roadblocks in Chile versus Argentina which is quite interesting (see 14:30 minute mark) from his perspective. Overall this is a good presentation from a junior lithium miner in Chile that has a game plan.
The Doctor
If_new Constitution_voting flops_then Boric_wants to_punish Chile_for another 18months
by "renewing" (or extending) the rewrite convention and restarting the whole process over from scratch causing even more business/mining disruption, continued investment by Whitey gringos freezes, government indecision/inaction, bureaucratic water-treading, and rising inflation as the Chilean money printing presses gear up to run 24/7 struggling to make up for tax collecting shortfalls as more businesses fail/close/get-wiped-out,
https://www.latercera.com/la-tercera-pm/noticia/boric-abre-hoja-de-ruta-si-gana-el-rechazo-tiene-que-haber-un-nuevo-proceso-constituyente-y-una-votacion-para-elegir-convencionales/W22SXWUS7BCS5L4TPZT3BNKFVY/
for rough translation click English
See paragraph 4 which basically reads:
Therefore, in his (Boric's) opinion, “if the Rejection alternative wins, then what will happen is that we will have to prolong this process for another year and a half, where everything will have to be discussed again from scratch” .
This guy has an incredible high tolerance for pain... as long as it is not his own personal pain. Boric's paycheck keeps getting paid no matter what shape the national economy has sunk down to. And clearly, this guy (ie Boric the commie) is not invested in the stock market so stretching this whole constitution rewrite clusterfock out for another 18 months is no skin off his nose.
The Doctor
VW:_Ooops, Ve_forgot to_buy a_lithium mine...der fuehrer_is verklempt
now ve got all these battery making plants and not enough lithium https://www.mining.com/web/vws-battery-business-faces-supply-chain-hurdles-in-road-to-ipo/
This is not gud for Germans.
Are_we now_supplying lithium_for Panasonic's_New $4B_US Battery_Plant in Kansas?
https://insideevs.com/news/598071/panasonic-new-us-battery-plant-kansas/
Na ha ha... NO, of course we are not. Are you focking nuts? Clearly you have us confused with a lithium mining company who has a competent staff for management all possessing real mining engineering degrees and eager-beaver intelligent minds for making such normal lithium offtake business deals. No, what we have here is a bunch of flim-flam ozzie flipper scammers running our Maricunga project deeper into the shitter every day.
The Doctor
Tianqi_Lithium seen_losing 8%_as HK’s_biggest IPO_this year_suffers valuation backlash
https://www.msn.com/en-xl/money/other/tianqi-lithium-seen-losing-8-per-cent-as-hong-kong-s-biggest-ipo-this-year-suffers-from-valuation-backlash/ar-AAZvpYF
I wish we (NewCo) could suffer a little bit of "valuation backlash" at least once in our life... all we seem to be able to muster up suffering is LPI ozzie incompetence backlash.
The Doctor
The_socialist commitment_to "embrace"_Minister Izkia Siches
https://www.latercera.com/la-tercera-pm/noticia/la-apuesta-socialista-por-abrazar-a-izkia-siches/EZRGUHC4MFB5JHCSNW3722HRKI/
Hell, I am not a lefty or even a socialist, but I would "embrace" Izzy Siches also in a heartbeat. I get a hard-on every time I smell her perfume as she passes or I cop a quick peek at her gorgeous cleavage... she has the best rack in the entire cabinet and a perfect butt to match.
FWIW, her latest earrings are made from scaled-down mini coils of barb wire... now that's true hot biker chic if you ask me.
The Doctor
Andrew_Phillips is_yammering on_about something_or other_LPI is_doing
Tax Reform and new Constitution: Rejection is growing
https://miningpress-com.translate.goog/nota/348760/reforma-tributaria-y-constitucion-crece-el-rechazo?_x_tr_sl=es&_x_tr_tl=en&_x_tr_hl=en-US&_x_tr_pto=wapp
CADEM provides all the details and pretty charts in this July 11 update, but paragraph 12 sums it all up best
Thus, he (Goldman Sachs) mentioned that the central government's gross debt went from being slightly below 4% of GDP in 2007 to 36.3% in 2021 and, before the reform, the Ministry of Finance expecting the debt to rise to 43.9 % of GDP in 2026.
Dear Gabby, you can only spend money you haven't earned on commie runaway welfare programs until your banker runs out of money... then it is lights out... and lights out for your presidency.
This new constitution looks like it is going on artificial life support quite soon.
The Doctor
Ganfeng_totally ignores_us again, buys some_Argentina unknown_for $962M
https://www.bnnbloomberg.ca/china-lithium-giant-expands-in-argentina-with-962-million-deal-1.1790368
We could light ourselves on fire in the middle of Times Square in NYC and not one single person would come to our aid... that's our history in Maricunga, we got nobody helping us in our corner to use a boxing metaphor. Nobody. And for record having those foot-dragging faggot japs from Mitsui in our corner is like having nobody squared in our corner... having them is worse than having nobody.
The Doctor
Chile_currency plunge,_inflation rattle_Latin America's_copper king
https://nationalpost.com/pmn/news-pmn/chile-currency-plunge-inflation-rattle-latin-americas-copper-king
Dear Mommy's Boy Gabby Boric, clearly this September 4 vote on whether or not to approve the new indian/queers-ass-licking leftist commie fock-the-miners Constitution is weighing heavy on Chile like a raging case of untreated syphilis on top of a bloody case of colon cancer and is going to be a real ball-buster over the next 2 months of dead time. So if I were you I would be working my ass off to get Chile back on the road of intelligent "white man" type financial stability and growth by moving the Rewrite Constitution plebiscite up to July 24 instead to get rid of this back breaking pox as soon as possible. The longer you commies stretch this torturous nightmare out then the further and more intensely Chile will suffer rising inflation and "beaner_shit for brains" governmental inaction while everybody in government sits on their hands doing nothing productive like Minister of Mining Marcela Hernando as a good example waiting to see if the new constitution is going to destroy the economy and bring on an "early/accelerated" Venezuela II in Shile.
The Doctor
PS, I am in a good mood today, consequently there will be no charge for this great medical advice this afternoon.
Northvolt_says that_so far_it has_received orders_for $55_billion of batteries,
which is $5 billion more than indicated in May. The list of customers includes BMW, Fluence, Scania, Volvo Cars, and Volkswagen Group.
https://insideevs.com/news/597210/northvolt-raised-1billion-expansion-europe/
And now let me announce to the world how much we at NewCo in Maricunga have in future orders for our lithium used to make batteries.
Zero.
Nada.
Zilch.
El nothing o.
Zippola.
If we could have less than zero in future orders for our lithium... then we would.
The Doctor
Boric_beefing up_the military_numbers, 5,000_new troops_total sworn in_Saturday
https://www-adnradio-cl.translate.goog/nacional/2022/07/09/presidente-gabriel-boric-encabeza-acto-de-juramento-a-la-bandera.html?_x_tr_sl=es&_x_tr_tl=en&_x_tr_hl=en-US&_x_tr_pto=wapp
of which he personally initiated 1,746 himself as Commander in Chief.
Dear Gabby, will you be sending many of these new troops up to the Donbas II region along the Bolivian border in December/January-ish?
The Doctor
Flights_between Venezuela_and Chile_are suspended._This is_the way it_begins
https://www.aviacionline.com/2022/07/due-to-sanctions-conviasa-suspends-flights-to-argentina-and-chile/
The Doctor
Elon Musk cancels Twitter purchase agreement
https://decrypt.co/104760/elon-musk-cancels-twitter-purchase-agreement-reports
and/or https://www.marketwatch.com/story/elon-musk-terminates-deal-to-buy-twitter-11657315801?mod=emerging-markets
Dear Elon, welcome back to Sanity.
The Doctor
I_think we_can forget_about BHP_getting into_any new_business like lithium_for
a few more years https://www.mining.com/bhp-loses-appeal-to-multibillion-lawsuit-over-samarco-disaster/
If BHP gets out of this ugly Samarco mess for only US$6 billion, then they will be incredibly lucky.
The Doctor
Uncle_Posco signs_huge memorandum_with Britishvolt
https://smartech.energy/britishvolt-in-battery-materials-supply-deal-with-posco-chemical/
Dear Uncle Posco, there is no focking way you're going to be able to make all these wild inflated lithium deals without us in Maricunga.
C'mon C'mon and tell us your nephews & nieces what you're up to?.. or we'll tell Auntie Samsung what you do between 7Pm and 8PM every Tuesday and Thursday on the way home from work.
The Doctor
If_Bolivia, Argentina_and Brazil_begin sending_lithium to Russia
https://www.telesurenglish.net/news/Brazil-Argentina-and-Russia-Ratify-Ties-at-G20-Meeting-20220708-0008.html
at perhaps possibly 33% over market price https://investorshub.advfn.com/boards/read_msg.aspx?message_id=169349312
then where does that leave the Whitey gringos up in America? And how about those Whitey gringos in Europa especially if Mexico decides to take an offer from Russia to sell their lithium to the orcs also cutting China completely out of the "Loop"?
The Doctor
Minister_of Anti-Mining says,_let's develop_more lithium resources...in Dominican Republic
https://www.mining.com/chile-helps-dominican-identify-lithium-deposits/
to hell with Chile... and let's delay writing the draft charter for Chilean Congressional review of the new NLC (National Lithium Company) another 2 or 3 or 4 months.
Dear_Elon Musk,_betcha' wish_you never_heard of_Nevada lithium mining_now
https://www.bignewsnetwork.com/news/272613267/roundup-us-largest-lithium-mining-project-faces-strong-resistance
The Doctor
Chile,_we're number_1 for_2022 on most_focked-up place_for mining
https://miningpress-com.translate.goog/nota/348704/inestabilidad-politica-sube-el-riesgo-para-mineras-en-america-latina-los-casos-de-argentina-chile-y-peru?_x_tr_sl=es&_x_tr_tl=en&_x_tr_hl=en-US&_x_tr_pto=wapp
Dear mommy's boy Gabby Boric, well you have finally made number 1 on one list that tracks your progress in governing compared to every other country on the planet.
The Doctor
PS, Fire Marcela Hernando and promote Willy Kracht up to Minister of Mining like you should have done on Day One. And do be a gentleman by returning all the gobs of cash she "donated" to your campaign to buy her way into your government so you can sleep better at night.
Once again there will be no medical consulting fee for this advice from The Doctor today.
Lithium Mexico_affirms it_has no_ethics, is_unbelievably neutral_on Putin's_war in Ukraine
https://www.telesurenglish.net/news/Mexico-Reaffirms-Its-Neutrality-Regarding-Ukrainian-Conflict-20220708-0009.html
Dear ask-kissing President Lopez Obrado, I am going to take a wild guess here, but did Putin call you last week with an offer to buy all your lithium at 133% over what China's Ganfeng was willing to pay you? Come on, don't be modest, you tell us (or brag to us) all on how you are such a superior double-dealing conniving greedy negotiator with the orcs.
The Doctor
PS, And for the record, Chile and Argentina have both long-ago refused to sell lithium to Russia (ref April 13, 2022)
https://www.spglobal.com/commodityinsights/en/market-insights/latest-news/metals/041322-russia-no-longer-receives-lithium-carbonate-from-chile-argentina-ministry which reads in part Russia no longer receives lithium carbonate from Chile, Argentina: ministry
Albemarle confirms its sales to Russia on pause
Lithium carbonate imports from US likely to fall too
Author Ekaterina Bouckley
Chile and Argentina have suspended lithium carbonate shipments to Russia, several Russian news agencies reported, citing an official at the Russian industry and trade ministry who said Bolivia will now be key to the country's lithium supply....
Brazil_drops its_nuclear agency_approval process_on lithium_exports
https://www.miningweekly.com/article/brazil-eases-rule-on-lithium-exports-amid-rising-demand-2022-07-08 see paragraph 3
We have been arguing here for the last 12 years that the biggest hurdle/problem for lithium miners in Chile is to simply overcome/surmount the Pinochet era "strategic mineral" classification on lithium which was designed to make sure only Pinochet's family/cronies could ever get a coveted/valuable license to exploit/export lithium. This flimsy "strategic mineral" classification/sham was set up by Pinochet to be administered by CChEN under the flimsy-er pretext that such watchdog control kept the lithium out of terrorist's hands to make nuclear bombs to blow up the sacred outhouses (shitters) surrounding La Moneda Palace... which all could have been put out of commission using regular M-80 fire crackers. The real reason CChEN was created was to insure that no one (especially beaners, non-whites & non-Spaniards) in Chile ever received a lithium exploitation permit other than golden gooses SQM & Albemarle.. (with the miraculous fluke exception of Martin Borda at 15,200mtpa or 20,000mtpa depending on who you listen to) thus cementing tight the fascist family's lithium monopoly in Chile (excluding Martin Borda of course). Brazil's nuclear agency approval on lithium exports was modeled roughly on the same principle as Pinochet's model but never really "locked up" the lithium mining for the elite class in Brazil as it did in Chile... and so now it is being flushed down the Brazilian toilet where it belongs.
Chile needs to follow suit and declassify lithium as a strategic mineral.
We are very likely going to see the upcoming Constitution Rewrite vote fail to get an approval on September 4. Many people will argue the Constitution Rewrite (over the past 12 months) was stillborn and DOA (dead on arrival), they will also say the existing fascist constitution will still "work in a pinch" but begrudgingly also concede it is admittedly outdated for 2022 and some of it does need revising. One of those voices on revising/enhancing/improving the current constitution properly is from the right-wing, she is the Mayor of Providencia, Evelyn Matthei (UDI), and the Mayor wants to lead the next rational/pragmatic effort to bring Chile's constitution into the 21st century real world https://www.msn.com/es-cl/noticias/otras/hablo-en-nombre-de-mi-sector-matthei-asegura-que-la-derecha-propondr%C3%A1-un-tercer-texto-si-gana-el-rechazo/ar-AAZm5aO
Mayor Evelyn Matthei just might be able to pull this off successfully; so from our selfish lithium miner's viewpoint let's hope she will follow Brazil's lead and right-off-the-bat do away with CChEN's corrupt self-serving perverted bribe-fertile stranglehold on lithium export controls in the next proposed constitution to allow Congress (in conjunction with the Ministry of Mining) to set the limits on lithium mining exports perhaps using Lithium Tenders (eg US$60,000,000 minimum for a starting point 80,000mt LCE license) which hopefully will be solidified inside the Congress... and not solidified outside the congress in large part by all manner of carpetbaggers, anarchists, eco-terrorists, welfare-state lobbyists, commies and nutjobs as was birthed in this last abortion.
The Doctor
Sniff_sniff, is_it safe_to come_out of_the bomb shelter?_Have the_commie
wild attack dogs finally been muzzled? I mean I like my balls and I surely am not going to come completely out of this protective bomb shelter until I know for sure it is safe in Chile to breathe the air again and spend some money here on a new business without getting stabbed-in-the-back/raped/blackmailed/extorted to death. Lithium.
Director of operations for Stellantis in South America, Antonio Filosa, was asked yesterday on his possible expansion plans for Chile
https://www.msn.com/es-cl/noticias/otras/gigante-automotriz-destaca-rol-de-sus-operaciones-en-chile-y-el-futuro-del-pa%C3%ADs-en-medio-de-proceso-por-nueva-constituci%C3%B3n/ar-AAZkJxM
It looks like he is sorta' kinda' might may be saying, yada yada we could like Chile... maybe better than Argentina or Brazil yada yada, but we'll still keep our buttholes puckered up shut tight until after the September 4 plebiscite blah blah are we pro new constitution or not yada yada no comment yack yack we need someone to make semiconductors for us yada yada why don't you lazy beaners in Chile make them blah blah if you are so hot to get involved in Western business yada yada and new green tech?
I can't tell if Stellantis is coming or going in Shile (Shile =Shithole + Chile)... much like the other 400+ Whitey gringos waiting on the sidelines until after September 4. Lithium.
FACTOID_continued: Handy_dandy Codelco_desalination plant_graphic
https://www.reporteminero.cl/files/files/Codelco_desal_h-2.jpg
related to our 2607 post https://investorshub.advfn.com/boards/read_msg.aspx?message_id=169343393
The Doctor
cc: Uncle
___Warren
Yum_yum Vlad, let's_french kiss_and let_me lick your_but
says Jair Bolsonaro
https://1-es--us-noticias-yahoo-com.translate.goog/bolsonaro-sanciones-occidentales-rusia-fracasado-220850550.html?_x_tr_enc=1&_x_tr_sl=es&_x_tr_tl=en&_x_tr_hl=en-US&_x_tr_pto=wapp
OK OK, I know what you're wondering... you are wondering "is Putin on his search for quick lithium going to intrude into Chile from Bolivia circa February 2023 or he is going to intrude into Chile from Brazil sometime before February or is he going to intrude into Chile from both Bolivia AND Brazil in February-ish?"
Hmmm, that is a good question.
Dear Minister of Anti-Mining Marcela Hernando, it is time to form another one of your inter-ministerial roadmaps to discuss a possible big hiccup in Chilean lithium in early 2023. https://investorshub.advfn.com/boards/read_msg.aspx?message_id=169343124
The Doctor
FACTOID:_desalination plant_producing 840_liters/sec piped_160km pumping UP_3,000m
above sea level employing 2,700 people at its peak in construction over three years cost US$1,000,000,000 https://www.latercera.com/pulso/noticia/codelco-adjudica-a-marubeni-y-transelec-planta-desalinizadora-por-mas-de-us-1000-millones-y-construccion-partira-este-ano/EDSBGRELQZFIRIGKHPQ4GABJIY/
Dear Friends, keep these 2022 prices divulged today by Codelco tucked nicely in the back of your mind for comparison later... they might come in handy soon.
FYI, the distance from Salar de Maricunga to Puerto Viejo is 63 kilometers as the crows flies.
The Doctor
cc: Uncle
___Warren
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