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China_admits lithium_cost up_60% in_past month
https://www.scmp.com/business/china-business/article/3221430/chinese-electric-vehicle-makers-battered-double-whammy-product-price-war-and-surging-raw-material
China does not call out Chile by name, but you can certainly smell the Chile in their story.
The Doctor
Whoa,_China wants_to join_TPP11 (CPTTP). With_membership then_China
has an unfettered much easier straight shot to Chile's lithium https://www.scmp.com/economy/china-economy/article/3221425/chinas-trade-pact-bid-impossible-australia-approve-while-beijings-sanctions-remain-sources-say?module=lead_hero_story&pgtype=homepage ... or more precisely, Tianqi has an unfettered much easier straight shot to Chile's lithium which let's not kid ourselves... Tianqi secretly wants all the lithium property they can rent in Atacama and all the lithium property they can buy in Maricunga.
The CPTPP, which was called the Trans-Pacific Partnership before the United States’ withdrawal under the Trump administration, comprises 12 members – Canada, Mexico, Peru, Chile, New Zealand, Australia, Brunei, Singapore, Malaysia, Vietnam, Japan and the United Kingdom.
OK, let China in to TPP11, let the chips fall where they may.
The Doctor
Ex-Pres Bachelet,_says to_Gabby. "Pull_the rag_outta' yourass on_lithium
now, not tomorrow!" (in so many words).
Former President Bachelet on the Chilean lithium strategy: "We must act urgently"
https://www-reporteminero-cl.translate.goog/noticia/noticias/2023/05/expresidenta-bachelet-sobre-estrategia-litio-chileno?_x_tr_sl=es&_x_tr_tl=en&_x_tr_hl=en
Another_record-breaking volume_day for_LTHHF... 754,393shares traded
Pray tell, is it possible that the American exchange is going to one day in the future "out trade" the ASX exchange? Let's all think about that new development a bit more and what it might mean to have the American shares wagging the dog tail Aussie shares. Could it be an American-based car manufacturer (or battery maker) is leaking out its intention to buy LPI and its sworn-to-secrecy employees are secretly scooping up cheap cheap Lithium Power International shares through their American brokerage accounts?
The Doctor
PS, note: the 640,893 shares traded as shown on iHub does not have the last 2 minutes "paint the tape" closing bell trades (112,500 shares).
Sorcia_calls a_spade a_spade. Nothing_has changed_since NLP_announcement
by Mommy's Boy Gabby Boric on April 20 in his half-baked TV NLP stunt. https://www-latercera-com.translate.goog/pulso-pm/noticia/ceo-de-ensorcia-urge-al-gobierno-para-destrabar-proyectos-de-litio-en-chile-parecen-no-entender-que-el-tiempo-es-absolutamente-esencial/3DNR5SADEVG6PDMN4MYJZ6VE7A/?_x_tr_sl=es&_x_tr_tl=en&_x_tr_hl=en-US&_x_tr_pto=wapp
Daniel Layton basically says Sorcia is today at the same place in Chile it was 7 years ago which is my exact same analysis for LPI in Maricunga. This incompetent bunch of "never had a real job" lazyasswipes in this leftist/commie government has no sense of urgency or ambition to carry out any sort of public-private lithium agreements this year. Nothing is a priority for them when it comes to lithium... especially for Anti-Mining Marcela Hernando who does not want to solve anything on lithium until she is president in 2026 (or sooner if Boric gets impeached for total incompetence). Marcela has for 14 months laid out zero definitive program steps to obtain a lithium EXPLOITATION permit for any lithium miners in Chile plus she has facilitated zero public-private partnerships on any lithium mine which will be her trademark response for the next 3 years sure as hell.
The Doctor
Ooops,_minor problemo...no one_knows how_the US$450M Royalty-Tax
max-cap tax collection proceeds will actually/physically get distributed to the "little people" even after the law was approved by Congress https://www-nuevamineria-com.translate.goog/revista/reglamento-y-ley-de-presupuestos-los-que-falta-para-destinar-los-recursos-del-royalty-minero/?_x_tr_sl=es&_x_tr_tl=en&_x_tr_hl=en-US
Well, I am going to take a wild guess here... I'll bet 50% of this US$450,000,000 won't make its way down the food chain to the local "little people" because all the greedy thieving corrupt leftists/commie sticky-fingers middlemen bureaucrats handling this money distribution will be taking their "cut/fee" out of it first for handling/facilitating the disbursement. 50% of Chile is "on the take".
The Doctor
Ford_also signs_deal w/Nemaska_for 13,000mtpa_lithium hydroxide
https://www.miningweekly.com/article/ford-fortifies-ev-plans-with-flurry-of-lithium-supply-agreements-2023-05-22
The record clearly shows that Ford didn't even bother talking with the losers running our LPI company and vice versa... we could have supplied 13,000mtpa of lithium to Ford in the time frame they were proposing but apparently our team was too busy whacking off on something else to even politely talk to Ford. I can find no record of LPI talking to Ford even though they (Ford) were in Chile many times talking to our neighbor SQM. https://www-redimin-cl.translate.goog/sqm-anuncia-acuerdo-de-suministro-de-litio-a-largo-plazo-con-ford-motor-company/?_x_tr_sl=es&_x_tr_tl=en&_x_tr_hl=en-US&_x_tr_pto=wapp
Apparently the last time LPI has spoken to anyone about an offtake agreement was with Fulin from China in 2017.
The Doctor
Dear_Cochilco, how_will you_get directly_involved in_Lithium mining?
And more importantly how will you physically create the NLC?
We will blow massive amounts of hot air up everyone's ass, we will talk in circles (see today's article in LT Pulso for example https://www-latercera-com.translate.goog/pulso/noticia/cochilco-actualiza-su-vision-sobre-el-mercado-del-litio-la-demanda-mundial-crecera-mas-que-la-produccion-hasta-2035/VFPCKGX3L5BEFF6AXCPSHTITCA/?_x_tr_sl=es&_x_tr_tl=en&_x_tr_hl=en-US&_x_tr_pto=wapp ), we will avoid pumping any of our money into loser Codelco or loser US$78M lost-in-just-2022 ENAMI, we will play down the fact that our Executive VP comes from the despicable leftist/commie RP (Radical Party, see #1 in the Gang of 7 Anti-Mining Marcela Hernando) lineage, we will espouse lofty grand-sounding goals which are just a bunch of smoke & mirrorsbullshit, we will give unsupported mind-numbing growth projections for lithium to bamboozle everyone listening to us, we will suck every bit of profit out of the JVs we can finagle from our captive junior lithium miners in Chile and squeeze them dry like a dish washing rag after covering all our expenses plus our consultants' expenses (wink wink) first.
Q. Dear Cochilco, you have 15 of your people working on lithium... do any of these people have university degrees in civil or chemical engineering or even a basic degree in mining engineering or even any "field" experience in lithium mining?
A. That is a good and timely question. Let me do some research and get back to you with an answer next week.. or the week after.
SQM_signs with_Ford. LPI_signs long_term deal withMoreBullshit
https://www-latercera-com.translate.goog/pulso/noticia/sqm-anuncia-acuerdo-de-suministro-de-litio-a-largo-plazo-con-ford-motor/7CWOEOYOWRAJFAOCNOZRAKYNTQ/?_x_tr_sl=es&_x_tr_tl=en&_x_tr_hl=en-US&_x_tr_pto=wapp
Everyone in the lithium industry is moving solidly and profitably ahead except LPI. We are going focking nowhere under this current management. Ford could have been our deal.
The Doctor
Another blah-blah total_letdown PR_video from_LPI full_of empty hopes
still with no firm or "timely" target dates and in general all stretched-out once more for no good reasons... 6 years of of this horsesheet from LPI is enough. We need to fire everyone on the entire management team except Martin Borda & Russell Barwick and get our overhead down to practically zero for the next 2.5 years until we can attract competent management with at least some basic ambition or the next government of Republicans is installed in Chile, whichever comes first.
Click here
The Doctor
I_have a_strange feeling crawlingupmybutt about Eduardo_Bitran
(who is also now all of a sudden magically a Public Health expert) coming out this week with a new altruistic proposal to channel lithium Royalties/Taxes/Profits from Codelco's 2 brand new lithium subsidiaries over to the Ministry (aka Superintendent) of Public Health https://investorshub.advfn.com/boards/read_msg.aspx?message_id=171953150 to support faltering Isapres which we are just now learning this weekend have an average debt three times their equity https://www-ex--ante-cl.translate.goog/grafico-deuda-promedio-de-isapres-es-casi-tres-veces-mayor-a-su-patrimonio/?_x_tr_sl=es&_x_tr_tl=en&_x_tr_hl=en-US&_x_tr_pto=wapp ... because if the leftists/commies lose the public health insurance (Isapres) programs in Chile which is truly a health-care safety net then they (ie leftists/commies etal) are definitely going to lose every election going forward through 2026 and Eduardo Bitran is going to be out of a high-paying cushy job at Codelco faster then you can say Speedy Gonzales sheets burritos from Taco Bell every day.
The Doctor
Wouldn't_it be_ironic if_France saysfockyouChile and_goes with_Mongolia
instead for its lithium needs https://www.mining.com/web/macron-says-mongolia-to-supply-critical-metals-for-green-push/ and what would be the icing on the cake is if France teams up with our own Uncle Posco to mine Mongolian lithium https://mongolia.gogo.mn/r/162045 ... and then what would really be the pièce de résistance is if the EU follows "enterprising" France and dives into Mongolia for its lithium also.
Whew, talk about a huge blow to Chile... this would be a chop right to Chile's Adam's Apple... that is, if Chile still had an Adam's Apple to chop after being de-nutted by pussy-whipped Mommy's Boy Gabby Boric and all his leftist/commie lesbo/dyke cabinet and high-level staff.
The Doctor
Congratulations_G7, you_are giants_in World_today
Your tangible support for Ukraine is simply amazing. And to see Zelensky actually standing so tall with you all in Tokyo is indeed a truly wonderful/uplifting sight to behold now https://ichef.bbci.co.uk/live-experience/cps/624/cpsprodpb/vivo/live/images/2023/5/21/6baceb5e-3f48-4e03-acff-7303386a8f45.png
and https://www.cnn.com/videos/world/2023/05/21/exp-g7-summit-david-sanger-intv-fst-052103aseg1-cnni-world.cnn
The Doctor
PS, and from Chile we wish to apologize for the blow gun prickly barb fired as a grandstanding cheap shot into all your asses yesterday by our insipid pathetic little mosquito Mommy's Boy Gabby Boric during your more pressing/immediate discussions https://www-df-cl.translate.goog/economia-y-politica/actualidad/presidente-boric-junto-a-otros-jefes-de-estados-manda-carta-al-g7-para?_x_tr_sl=es&_x_tr_tl=en&_x_tr_hl=en-US&_x_tr_pto=wapp ... please forgive this juvenile amateur, he has the unfortunate upbringing of a typical misguided/out-of-step/tripping-over-his-owndick leftist/commie.
Lithium mining's_nemesis Eduardo_Bitran becomes_Public Health_expert
also conveniently https://www-latercera-com.translate.goog/pulso/noticia/eduardo-bitran-las-senales-del-regulador-han-sido-incongruentes-con-las-senales-de-la-ministra-de-salud/M6MLUHTLF5E4ZKNF3P7PUPJPCQ/?_x_tr_sl=es&_x_tr_tl=en&_x_tr_hl=en-US&_x_tr_pto=wapp
This is strange... very strange. Is it possible that Eduardo is going to somehow slyly channel Codelco subsidiary lithium profits & royalties over into the public health system https://www-reporteminero-cl.translate.goog/noticia/noticias/2023/05/codelco-crea-dos-filiales-para-el-negocio-del-litio?_x_tr_sl=es&_x_tr_tl=en&_x_tr_hl=en and perhaps get himself appointed signatory on the checking account that physically transfers the money from Salares de Chile & Minera Tarar to the Ministry of Health in order to "encourage/horse-trade" healthcare loving congressional/senatorial votes later (in fence-sitter voter districts) to approve the upcoming NLC legislation and also perhaps janitorially handle whatever excess cash spills off the plate? Is this very intricate/convoluted plan even a possibility? I have never in my life trusted a hunchback, but I wanted to trust Eduardo a little bit... however now I don't know what to believe and how this whole newest elaborate con job is being assembled? Such dark conspiracies make the head spin dizzy.
The Doctor
PS, Repeal the Strategic Mineral Classification of 1979 on Lithium and make lithium a "concessional-able" mineral to be managed by Congress instead of un-elected spider-web spinning bureaucrats.
Mommy's_Boy Gabby_Boric sends_snarky letter_to G-7 asking_to
speed up the fight against climate change https://www-df-cl.translate.goog/economia-y-politica/actualidad/presidente-boric-junto-a-otros-jefes-de-estados-manda-carta-al-g7-para?_x_tr_sl=es&_x_tr_tl=en&_x_tr_hl=en-US&_x_tr_pto=wapp
We've had a look at the possible response draft from G7 that may be going out out on Monday or Tuesday... let's review the draft together before it is finalized.
Dear Mommy's Boy Gabby Boric, you sniveling littleasswipe taking cheap shots at the all-powerful G7 from afar. We at the G7+8 aren't your typical focking born-last-night stupido beaners here in Tokyo completely fooled by your "lets gouge the focking piss out of Whitey/gringos" leftist/commie ruse by the self-enriching banditos in your new emboldened Gang of 7 to take over 30% of the world's lithium as hostage and holding up that critically-needed-by-the-West lithium for an outrageous ransom while we fight in this G7+8 to mightily try and contain climate change by decreasing fossil fuel burning in the entire rest of the world plus simultaneously doing away with poisoning internal combustion engines in cars amidst all the world-fighting going on, Trump biting our ankles, Arabs letting that slimeball Assad back into the Arab League, the war in Ukraine and all the meanwhile also trying to save your faggotassfrom the upcoming attack by Venezuela/Cuba/Nicaragua/Russia/Bolivia which is coming to Chile to take your lithium by force sure as the sun is going to rise every morning. And your "time" is coming you little worm... make no mistake.
Just today we note that 2 members from your Gang of 7 Máximo Pacheco & Eduardo Bitran are getting ready to sink their vampire bloodsucking fangs deeper into the poor junior lithium miners in Chile struggling to even get Whitey/gringo financiers to step one foot in your corrupt bankrupt shithole Shile (Shile=Shithole+Chile) https://www-reporteminero-cl.translate.goog/noticia/noticias/2023/05/codelco-crea-dos-filiales-para-el-negocio-del-litio?_x_tr_sl=es&_x_tr_tl=en&_x_tr_hl=en to chisel off even more lithium from the G7 to feed their insatiable leftist/commie party greed... do you sitting in your plush La Moneda Palace think it is easy trying to straighten out the world's over-heating problems when we have to deal with yappy-dog kleptocracts in LATAM like you, Fidel Castro, Hugo Chavez, Nicolas Maduro, Lula in another 2 months, Daniel Ortega, AMLO, etc? It is little piss ants like you artificially jacking the price up on "critical" minerals like copper (eg Royalty-Tax max-cap increase from 42% to 46.5%) and now demanding 51%plus of the vital lithium privateers that make our job here in Tokyo 10 times harder than it has to be today.
In closing, if you send one more hissy-fit cheap-shot snarky letter to the G7 like you did today again, then yourass is grass. Capiche? Now quit grandstanding and STFU... you are already a lame-duck president so just try to finish out your term in one piece.
736,124sh highest_vol ever_@LTHHF,_Down brutal 5%. Australia_Monday
is going to be a bloodbath for LPI. People are unloading and pulling the truck away from the dock.
The Doctor
PS, the shares traded figure of 486,124 to your right does not take into account the last 30 minutes of trading Friday today for some glitchy reason.
Codelco_creates 2_subsidiaries to_handle lithium
https://www-latercera-com.translate.goog/pulso/noticia/codelco-crea-dos-filiales-para-desarrollar-la-explotacion-del-litio/6TOFWF3EPVE7ZP33XVW3TBLKJY/?_x_tr_sl=es&_x_tr_tl=en&_x_tr_hl=en-US&_x_tr_pto=wapp
and/or https://www.portalminero.com/wp/codelco-crea-dos-nuevas-sociedades-para-explorar-y-explotar-el-negocio-del-litio/
Work in the Maricunga Salar will come under the joint-stock company Salares de Chile. Hmmm, now what does "joint-stock" mean in this case?
It will be interesting to hear just how much money each of these subsidiaries has in their brand new banking accounts... once we know that amount then we will know if these 2 companies are serious contenders to be believed... or are they just the newest leftist "empty" hologram version of dressed-up pigs wearing red lipstick looking for a juicy fat slice of our lithium pie(s) for free.
The Doctor
You're_traveling_through another_dimension, a_dimension not_only of_sight
and sound but of mind. A journey into a wondrous land whose boundaries are that of imagination. That's the signpost up ahead - your next stop, the Twilight "Daily NLP/NLC Clarification" Zone.
Your constantly jabbering guide for the next 912 days into the Twilight "Daily NLP/NLC Clarification" Zone is none other than Anti-Mining Marcela Hernando from Shile (Shile=Shithole+Chile).
Next_daily "clarification"_of NLP/NLC_by Marcela_for May_19
https://www-latercera-com.translate.goog/pulso/noticia/gobierno-espera-ingresar-proyecto-de-empresa-nacional-del-litio-a-fines-de-este-ano/2JRYSFTUWZA3VOQKH6PLJLJXTI/?_x_tr_sl=es&_x_tr_tl=en&_x_tr_hl=en-US&_x_tr_pto=wapp blah blah blah lithium belongs to us leftists/commies blah blah blah we're taking 51% off the top blah blah blah we're talking to unnamed people including Codelco, Cochilco, Coachella & ENAMI blah blah blah everything we commies do will be "legitimate/transparent" (ha ha ha) yada yada yada free lithium lithium money for all my voters... err all the taxpayers blah blah blah wait until the end of the year for Santa Claus (or the IMF) to come in an bail this deadbeat country out blah blah blah.
As you know, we will be publishing all thehorseshit "daily clarifications" on the NLP/NLC that Marcela will be crapping out daily for the next 2.5 years until she/it starts overtly campaigning for the the 2026 presidential office when if she is elected president all the "lithium problems" will be magically solved/un-clogged within a week after her taking office so the lithium payoffs/kickbacks/ransoms can start flowing properly to the correct leftists/commies' back pockets.
The Doctor
Fire_the entire_LPI management_starting with_that useless_beaner
hanger-on parasite Crystalballs. We can keep Martin Borda and Russell Barwick on staff if they forego their salaries and bill us only their expenses. We need to begin slashing our overhead to as close to zero as humanly possible ASAP and for the next 2.5 years.
And mark my words... you will thank me later for sharing these words of wisdom with you now at this juncture.
The Doctor
Dear_Marcela, after_you barged_into the_Lower Chamber_yesterday to
suck up all the accolades ala Neanderthal buffoon Donald Trump SOP (Standard Operating Procedure) style on the occasion of the approval for the new Royalty-Tax max-cap of 46.5% legislation (after 5 long years in the making) for yourself even though you stone-walled nearly every congressional mining inquiry over the last 6 months and actually put just a minimal amount of effort into the max-cap process other than to say you wanted to fock all the big miners with a 50%plus max-cap... well, you sucked so much oxygen out of the Lower Chamber of Deputies just to feed your oversized bighead ego that over half the occupants in the room were sent to the hospital for treatment of suffocation. https://www-nuevamineria-com.translate.goog/revista/a-ley-camara-de-diputadas-y-diputados-aprueba-proyecto-de-royalty-minero/?_x_tr_sl=es&_x_tr_tl=en&_x_tr_hl=en-US
So for funnzies next time how about you pull that same whorish egotistical oxygen-sucking trick at the next Muff-Eaters Lesbian 2023 Chilean Ball coming up in July and really put your useless motor-mouth to work for a good cause?
The Doctor
Mañana_mañana, SQM_expects to_start dialogue_w/Codelco on_lithium
in the Salar de Atacama in "the next few weeks" https://www-latercera-com.translate.goog/pulso/noticia/sqm-espera-iniciar-dialogo-con-codelco-sobre-litio-en-salar-de-atacama-en-las-proximas-semanas/PVFBOF56IFCENMI6C35QNJVYS4/?_x_tr_sl=es&_x_tr_tl=en&_x_tr_hl=en-US&_x_tr_pto=wapp .... inshallah
Dear_Willy, you've_ been relegated_to every_meaningless inconsequential
littleshit job plus dog & pony show job "not related to lithium" in the Ministry of Mining over the last 3 months https://www-redimin-cl.translate.goog/subsecretario-kracht-encabeza-conferencia-regional-sobre-mineria-y-crisis-climatica/?_x_tr_sl=es&_x_tr_tl=en&_x_tr_hl=en-US&_x_tr_pto=wapp
Can you confirm or disprove that you have been instructed by your "higher ups" in this Boric government not to say or breathe the word "lithium" ever again even once over the next 3 years in order to just keep your current job under Marcela?
The Doctor
Without_me (Marcela)_there would_be no_new 46.5% ball-busting Royalty
https://www-ex--ante-cl.translate.goog/royalty-a-la-mineria-las-negociaciones-y-concesiones-del-gobierno-para-aprobar-la-ley-tras-5-anos-de-tramitacion/?_x_tr_sl=es&_x_tr_tl=en&_x_tr_hl=en-US&_x_tr_pto=wapp
Reporting Live from Chile:
Bloonberg Reporter Karen Rodriquez: Senor Your Excellency Marcela, congratulations on pushing your 46.5% ball-busting crippling Royalty-Tax max cap through Congress which now means Chile is taxing big miners more heavily than Peru, Australia and Canada https://www-ex--ante-cl.translate.goog/grafico-royalty-deja-a-chile-con-una-carga-a-la-mineria-superior-a-peru-australia-y-canada/?_x_tr_sl=es&_x_tr_tl=en&_x_tr_hl=en-US&_x_tr_pto=wapp and then managing to get your chubby little elbow onto the Speaker's podium in every photo-op over the last 12 hours with your hot new voluptuous red-head girlfriend standing behind you... does she like to French kiss all my viewers are wondering? And that green polyester suit from Walmart that you are wearing on this auspicious day is very chic auspicious-looking if I may say so.
Marcela: Si, si, and si. It is important that I have my chubby elbow resting on all the podiums in all the pictures taken in the last 12 hours... the Chilean people need to see me on the 6PM nightly TV news as the next best president of Chile in 2026 (or before if Gabby god-forbid falls out a window) over the remnants of thatasswipe limpdick wishy washy Mommy's Boy Gabby Boric who had no qualms about abandoning and throwing his old college best buddy Willy Kracht under the bus to save his political ass.
Bloonberg Reporter Karen Rodriquez: And when you are president in 2026 will you revel in the glory (and the gravy wink wink) of lithium riches opening up to the government (and the thieving commie bureaucrats) which is only possible because Lithium is classified as a Strategic Mineral in Chile destined to be manipulated by un-elected bureaucrats/hacks like yourself?
Marcela: Si, this is our destiny to revel in our lithium success as card-carrying ultra-commies.
Bloonberg Reporter Karen Rodriquez: And will you go to Disneyland to celebrate?
Marcela: No, I hate all Yankee capitalist manufactured fun factories like Disneyland (spit spit).
Bloonberg Reporter Karen Rodriquez: Well, I guess that sums up Marcela's NLP/NLC "clarification" report for May 18. Tune in tomorrow for Marcela's May 19 NLP/NLC clarification report.
I'm_3rd from_the right,_reference_Chamber of Deputies_photo
https://www.latercera.com/resizer/R-eXBSob7Li5KHOQg1V3t_qSlMg=/900x600/smart/cloudfront-us-east-1.images.arcpublishing.com/copesa/FYPFQ76TFVEV5JKK45JKEJ2RWQ.JPG
After the vote on the Royalty-Tax max-cap I had to leave the Chamber.... there were 2 commie lezzies (one in a green Walmart polyester pantsuit) in font of me... I couldn't see who they were but when they started French-kissing and feeling up each other in celebration of the vote I just couldn't stay any longer.
The Doctor
Marcela_Hernando says,_I am_thefocking Greatest_Commie alive
in Chile after this mining Royalty-Tax max-cap approval "we" commies pushed through the Congress
https://www-cnnchile-com.translate.goog/programas-completos/ministra-marcela-hernando-aprobacion-royalty-minero-entrevista_20230517/?_x_tr_sl=es&_x_tr_tl=en&_x_tr_hl=en-US&_x_tr_pto=wapp
and/or https://www-df-cl.translate.goog/economia-y-politica/politica/royalty-minero-es-aprobado-por-amplia-mayoria-en-la-camara-de-diputados?_x_tr_sl=es&_x_tr_tl=en&_x_tr_hl=en-US&_x_tr_pto=wapp
"We" did the impossible... so vote for me in the 2026 presidential election and get rid of all traces of that limpdick wishy-washy lame-duck Mommy's Boy Gabby Boric... I am the Greatest! And stop bugging me about where Willy Kracht is now... Willy is gone and nobody gives twoshits about Willy anymore.
Codelco_on Maricunga:_WE shall_stomp our_feet, say_mighty things,_stop
eating meat on Fridays again, make thick PowerPoint books describing our majesty, blow voluminous smoke up everybody's ass, better hide our embarrassing debts through profound new accounting trickery, profess aloud our true new devotion plus undying love for lithium (spit spit), diversify more risks, talk ad nauseam to anyone who can say back to us "lascivious lithium lackadaisical liberated liberally" quickly 3 times in a row, and profess our full intentions to feed-cloth-house with "improved income" every leftist/commie slimeball/moocher/indian/drunk/doper/anarchist registered on the Chilean Welfare roll no matter how much they stink of booze/wine/piss with the profits we make off lithium... and if you don't believe us (ie Codelco) then just read this https://www-redimin-cl.translate.goog/directorio-de-codelco-sale-a-defender-su-rol-en-plan-del-litio-permitira-diversificar-riesgos-y-mejorar-ingresos/?_x_tr_sl=es&_x_tr_tl=en&_x_tr_hl=en-US&_x_tr_pto=wapp ... again for the 40th time since Mommy's Boy Gabby Boric's April 20 half-baked utopian NLP speech on TV.
EU_beating their_gums again_about buying_Chilean lithium...we've heard
this same old worn-out song & dance EUbullshit every year for the last 7 years but these pussies never pull the trigger on buying any lithium from Chile or talking serious with any junior miners here. Fock them... we need to concentrate on the Americans pulling us outoftheshit here in Chile.
The European Union is working on pacts for critical materials such as lithium with Chile and Argentina
https://www-redimin-cl.translate.goog/la-union-europea-trabaja-en-pactos-de-materiales-criticos-como-el-litio-con-chile-y-argentina/?_x_tr_sl=es&_x_tr_tl=en&_x_tr_hl=en-US&_x_tr_pto=wapp
The Doctor
Chamber_of Deputies_approves 46.5%_Royalty-Tax max-cap on Big_miners
https://www-latercera-com.translate.goog/pulso/noticia/camara-aprueba-proyecto-que-establece-el-royalty-a-la-gran-mineria-del-cobre-e-iniciativa-queda-lista-para-ser-ley/6BU7AR6QVVDFVLKIUG7EJFK43Q/?_x_tr_sl=es&_x_tr_tl=en&_x_tr_hl=en-US&_x_tr_pto=wapp
Full article below.
Well, this only took 4 years to get through Congress. Mommy's Boy Gabby Boric will definitely sign this legislation into law probably by Friday... it will be his only congressional win in 14 months.
The Doctor
--------------------------
Chamber approves project that establishes the royalty for large-scale copper mining and the initiative is ready to become law
by Victor Guillou
Although there was some uncertainty about the approval of the funds that distribute resources to communes and regions, finally all the amendments introduced by the Senate were endorsed.
In a euphoric session, marked by angry interventions from both the opposition and the ruling party, this Wednesday the Chamber of Deputies approved the project that creates a royalty for large-scale copper mining. Although there was some uncertainty regarding the approval of the articles that create three funds for US$450 million, and that distribute resources to different communes and regions of the country, finally all the amendments introduced by the Senate were endorsed by the legislative body. With this, the project was ready to be promulgated.
Specifically, the initiative had 101 votes in favor, 24 against and 3 abstentions.
Cochilco_not Codelco_will now_supervise NLC_instead says_Marcela
https://g5noticias-cl.translate.goog/2023/05/17/ministra-hernando-informo-que-cochilco-fiscalizara-a-la-nueva-empresa-nacional-del-litio/?_x_tr_sl=es&_x_tr_tl=en&_x_tr_hl=en-US&_x_tr_pto=wapp
Don't ya' just love playing musical chairs with Anti-Mining Marcela Hernando and her dancing lesbians/dykes? Marcela is passing the lithium "hot potato" off and up the food chain to Cochilco now... next week she will be handing it off to Coachella. Just as theshit is ready to hit the fan again, Marcela always moves two steps to the left out of the way avoiding theshit.
The Doctor
FTC_Copper Unions_already smell_the rat_at Codelco on going_private
with a portion of Codelco to handle the Lithium business to eke out even more profit for payoffs/kickbacks to the leftists/commies running this government by slicing the higher-paid/more-bennies/increased-pensions FTC union out of the lithium work and using cheaper non-union miners instead.
FTC categorically rejects Codelco privatization proposal
https://www-reporteminero-cl.translate.goog/noticia/noticias/2023/05/ftc-rechaza-categoricamente-propuesta-privatizadora-de-codelco?_x_tr_sl=es&_x_tr_tl=en&_x_tr_hl=en
Dear Codelco (and your slimy conniving allies), you can fool some of the beaners some of the time, but you can't fool all of the beaners all of the time. Plus the FTC knows you are going to leave Codelco's US$32.14 billion in debt with the original Codelco (with the "stay behind" Union membership) and not transfer any of that old debt to the new "clean" privatized Codelco.
The Doctor
Ding_Ding Ding!_Fire alarm_bells over_debt going_off at_ENAMI
https://www-redimin-cl.translate.goog/saltan-las-alarmas-en-sector-minero-por-delicada-situacion-financiera-de-enami/?_x_tr_sl=es&_x_tr_tl=en&_x_tr_hl=en-US&_x_tr_pto=wapp
Dear ENAMI, how is it that you had the balls to even suggest you could cover the $673M CAPEX for our Maricunga project and become our 51% "controlling" partner when you can't even afford toilet paper for the restrooms in your own office?
The Doctor
The_May 17_ NLP/NLC daily_"clarification" from_Marcela Hernando...again
Marcela_is going_to be_"clarifying" NLP/NLC every_single focking_day ad nauseam for the next 3 years... here is the May 17, 2023 daily NLP/NLC clarification from Marcela https://www-reporteminero-cl.translate.goog/noticia/noticias/2023/05/estrategia-nacional-del-litio-sera-politica-publica-cuando-tenga-legitimidad?_x_tr_sl=es&_x_tr_tl=en&_x_tr_hl=en blah, blah blah lithium belongs to us leftists/commies blah blah blah we're taking 51% off the top blah blah blah we're talking to unnamed people including Codelco & ENAMI blah blah blah everything will be "Legit" and if you believe that horseshit then Marcela has a bridge in Brooklyn she wants to sell to you for cheap cheap blah blah blah.
The Doctor
PS, Dear Marcela, what happened to Willy Kracht? He disappeared. Did your lesbian/dyke girlfriends cut his balls off?
Communist_Party wants_Chile to_open its_legs wider_for Venezuela_and
Cuba https://www-ex--ante-cl.translate.goog/claudio-de-negri-encargado-de-relaciones-internacionales-del-pc-chile-necesita-actualizar-su-politica-exterior-profundamente/?_x_tr_sl=es&_x_tr_tl=en&_x_tr_hl=en-US&_x_tr_pto=wapp
Dear Claudio De Negri, and after all these newly-arrived Venezuelans/Cubans (in search of greener pastures) have set up their blood-sucking shop in Chile then I am sure you would be even more happy to turn over the complicated running of all the copper and lithium mines here to the benevolent Communist Party Chiefs back in Cuba & Venezuela in order to get the best/widest distribution of profits for YOUR little "people"... right?
You focking commies are all alike... steal from the rich, and give to the Top Brass (with Marcela first on the list) in the communist party.
The Doctor
Unfortunately_Photosynthesis has_caught Tourette_Syndrome disease
He has caught the long-winded, pontificating, redundant boring variant of the Tourette_Syndrome disease
https://hotcopper.com.au/threads/ann-the-new-chilean-national-lithium-policy.7344397/page-213?get_post=true&direction=previous
... and he can no longer control his Tourette-ing of late. It is so sad considering his former self.
The Doctor
Dear_Stellantis, maybe_you should_have bought_a lithium_mine and
set up your battery-making shop nearby to the mine
Stellantis Halts Construction Of Canada Battery Plant Over Incentives
https://insideevs.com/news/667506/stellantis-halts-construction-canada-battery-plant-over-incentives/
.... just thinking out loud here of course.
The Doctor
Ecuador_moving to_toss their_president out_of office
https://dfsud-com.translate.goog/america/asamblea-de-ecuador-inicia-juicio-politico-contra-el-presidente-lasso?_x_tr_sl=es&_x_tr_tl=en&_x_tr_hl=en-US&_x_tr_pto=wapp
Let's hope Chile is next.
The Doctor
Marcela_is going_to be_"clarifying" NLP/NLC every_single focking_day
ad nauseam for the next 3 years... here is the May 16, 2023 daily NLP/NLC clarification from Marcela https://www.mining.com/chile-to-negotiate-with-lithium-partners-on-case-by-case-basis-minister/ blah, blah blah lithium belongs to us leftists/commies blah blah blah we're taking 51% off the top blah blah blah we're talking to unnamed people blah blah blah
The Doctor
Rumblings_begin to_change Constitution_to establish_Lithium mining_rules
on a more permanent concrete basis in order to avoid having the lithium policy change every 4 years and with each new corrupt/thieving set of bureaucrats being installed in key unelected positions to oversee/manage lithium mining development. https://www.msn.com/es-cl/noticias/other/columna-de-juan-carlos-guajardo-funcionar%C3%A1-la-estrategia-nacional-del-litio/ar-AA1bgJuH
See Goggle English translation below.
The Doctor
------------------------
Column by Juan Carlos Guajardo: "Will the national lithium strategy work?"
Opinion by Juan Carlos Guajardo
After a long and excessive wait, which has meant the country reducing its participation in the world market from 45% to only 30%, what Chile proposes for lithium was known. It is a complex strategy that can be summed up as seeking to increase production, but with a pre-eminent role for the State, especially in the key salt flats. It also seeks to establish the bases to generate new industries in the country and to do so with environmental criteria. It will work?
Leaving aside the forms, such as the fact that the announcement has been confusing and still has issues to be defined -which in itself already undermines its objectives-, the most probable result will be rather lukewarm, especially when compared to the potential that could be have taken advantage
The two best salt flats in Chile, Atacama and Maricunga, remain in the hands of Codelco. Enali (National Lithium Company), if it ever sees the light of day, will be a supporting player in the role that Codelco will build without the need for any law. And Codelco will negotiate, probably well, to make agreements viable with SQM, the main objective of the strategy, and with other companies, resulting in greater production.
What is worrying here is the speed with which this happens and the distracting effects that it could generate for Codelco. In any case, this is an opportunity to improve your results affected by the problems in your copper projects.
In the small salt flats, where it does not seem that there will be major restrictions on private investment, it is possible that some projects will be developed, although their size will be rather modest. One cannot fail to mention that there were other ways to increase production and even increase revenue for the State. A tender for the resources that SQM exploits until 2030, together with tenders for new areas of the Atacama salt flat, would have been of great global interest. And for other salt flats, a good and solid legal framework with tax levels similar to those already levied on the Atacama salt flat would have triggered several projects quickly.
The desire for productive development downstream, that is, to produce something more than battery-grade lithium carbonate or hydroxide, will occur more than because of the institutions that propose the strategy, because of the instruments that Corfo already has, since its offer to access lithium in better condition and safely is attractive and already bearing fruit, as seen with BYD's entry.
And finally, environmental care seeks to force the use of direct extraction technology, which is not yet available on an industrial scale, although its arrival is only a matter of time. The requirement could effectively accelerate the development of this technology, although the State will need to accompany it with the necessary permits.
There are two factors to take into account. The strategy, in practice, is based only on administrative decisions, which, by not depending on laws, is left to the discretion of governments that change every 4 years. And there is no shortage of voices abroad who fear that this lithium strategy is a step to later do the same with copper. It is important that Chile dispel any suspicion, since this type of perception -founded or not- can become a serious problem for investment. This is why the discussion of the new constitution is an opportunity to strengthen the bases of mining in Chile, with more certainty, and thereby ensure its attractiveness and viability.
CORFO_Council approves_creation_of the_Lithium &Salares_Committee
https://www-nuevamineria-com.translate.goog/revista/consejo-corfo-aprueba-la-creacion-del-comite-del-litio-y-salares/?_x_tr_sl=es&_x_tr_tl=en&_x_tr_hl=en-US
Let's listen in on the first Lithium & Salares Committee meeting.
Heidi Boner: Mr Speaker, I move that we continue having all our meetings catered with these tasty scrambled eggs and 2 little delicious wieners plus 3 scrumptious donuts stuffed with exotic fillings.
Mr Speaker: Do I have a second?
Claudia Sneezehueza: I second the motion.
Mr Speaker: All in favor raise your hand... opposed raise your hand.... good, motion approved unanimously. Do I hear any other motions or topics for discussions?
Heidi Boner: No Mr Speaker Nicolas Grau (voted number 1 best used car salesman in all of Chile).
Mr Speaker: Good then meeting adjourned. Let's meet every morning at 9:00AM for 30 minutes (and our State-paid breakfast) for the next 3 years at which time in 3 years we can publish a draft of whatever it is that we are supposed to figure out.
Nancy Ojedi: Ohhh Mr Speaker, could we at the new ENAMI Lithium SpA Board also have our daily meetings catered with this same delicious breakfast for the next next 3 years before we produce our draft of whatever it is that we are supposed to figure out? https://www-reporteminero-cl.translate.goog/noticia/noticias/2023/05/enami-litio-ya-cuenta-con-directorio-designado?_x_tr_sl=es&_x_tr_tl=en&_x_tr_hl=en
Mr Speaker: Si, we have plenty of money still in the slush... err operations budget for this kind of excessive indulgence.
Nancy Ojedi: Muchas gracias Mr Speaker... you're such a good Mr Speaker spending taxpayers' money so frivolously.
Marcela: Oh, Mr Speaker, could we at the new Lithium Strategic council also have our daily meetings catered with this same delicious breakfast for the next next 3 years before we produce our draft of whatever it is that we are supposed to figure out? https://www-redimin-cl.translate.goog/corfo-constituye-comite-del-litio-y-ministra-marcela-hernando-preside-consejo-estrategico/?_x_tr_sl=es&_x_tr_tl=en&_x_tr_hl=en-US&_x_tr_pto=wapp
Mr Speaker: Si, si, we have plenty of money still in the slush... err petty cash for this kind of excessive indulgence also.
Marcela: Muchas gracias Mr Speaker... you're such a wonderful Mr Speaker spending taxpayers' dollars so generously.
Supporting_State companies_costs Treasury_6,500 social_housing units/yr
Not counting Codelco: report calculates that supporting State companies costs the Treasury the equivalent of 6,500 social housing per year
https://www-redimin-cl.translate.goog/sin-contar-codelco-informe-calcula-que-sostener-a-las-empresas-estatales-le-cuesta-al-fisco-el-equivalente-a-6-500-viviendas-sociales-por-ano/?_x_tr_sl=es&_x_tr_tl=en&_x_tr_hl=en-US&_x_tr_pto=wapp a report by the Libertad y Desarrollo (LyD) Institute
Had Chile taken the money they spent trying to artificially "prop up" the 17 companies where the Treasury is the majority owner for the period 2001-2021 the State could have instead built 6,500 houses for Chileans (presumably "poor" Chileans) and there is every indication that the NLC is going to be another one of these boondoggle companies where the State has to pump money into it just to keep the business afloat.
Chile has a miserable track record on setting up and operating State-run companies... and ENAMI might be one of the worst.
State-run Codelco has contributed to the Chilean Treasury a net US$56,279,000,000 over the last 20 years, but you need to remember that Codelco is also US$32,140,000,000 minimum in debt https://investorshub.advfn.com/boards/read_msg.aspx?message_id=169167469 so factor that key number into the company's true bottom line.
How anyone can still argue today that Chile knows how to run a State-created majority-ownership company (even forgetting Codelco for now) is just totally ludicrous.
The Doctor
Dear_Marcela, why_not send_the NLC_legislation to_Congress on_Friday?
Why on earth would you (and Mommy's Boy Gabby Boric) delay submitting this legislative bill until October 2023? https://www-reporteminero-cl.translate.goog/noticia/noticias/2023/05/ley-que-crea-empresa-nacional-del-litio-se-enviara-al-congreso-a-fines-del-segundo-semestre-de-2023?_x_tr_sl=es&_x_tr_tl=en&_x_tr_hl=en
And please don't you dare say you need to get more input from the local communities/indians/moochers/scammers/carpetbaggers/bureaucratic-thieves and corrupt government officials looking for more bribery payoffs down the line... you have been listening to all these people (ie dregs of society) give you their input for the last 7 years ever since you figured out you could get a percentage of this lithium bonanza by just getting appointed to a government position related to mining. You already know what all these bloodsuckers want... they want more money paid into their offshore bank accounts under the table from the lithium miners, same as you. You simply need to figure before Friday what percentage you thieves will be happy with, insert it into a legislative bill for Friday and submit it to the Congress. You waiting until October to submit the NLC legislation is a complete waste of time... you already know what you are going to hear from these local communities/indians/moochers/scammers/carpetbaggers/bureaucratic-thieves and government officials... they simply want more kickbacks/payoffs and to have their in-laws/mistresses/homeys given "make work" do-nothing jobs for inflated wages at the lithium miners' projects... that's it. You are not going to learn anything new from talking to more 3rd parties before October than you already know. Geez, pull the rag outta' yourass and get the show on the road you stupid foot-dragging muff-eating beaner.
The Doctor
Capital_flight in_Colombia, Chile_and Peru_reaches historical_maximum
after the arrival of the Left to power https://dfsud-com.translate.goog/colombia/fuga-de-capitales-en-la-region-andina-alcanza-maximo-historico-tras-la?_x_tr_sl=es&_x_tr_tl=en&_x_tr_hl=en-US&_x_tr_pto=wapp
Chile, the market with the highest leakage
Chile is the market that has been most affected by this movement, since more than US$36 billion have left between 2020 and 2022, according to official figures from the Central Bank.
In this regard, Velandia explained that since the social outbreak (October 2019) outflows close to US$ 36 billion were reported. "This could perfectly be something close to 11 points of GDP, which is a historic amount".
Dear Mommy's Boy Gabby Boric, you need to remember what Margaret Thatcher said about your leftist/commie socialist governments... “The problem with socialism is that you eventually run out of other people's money.”
Gabby, if you keep driving money out of Chile then you are going to drain the Treasury sure as hell.
The Doctor
Leftist_Media still_beating dead_horse that_Codelco "talked" to_SQM
sometime kinda' before April 20 about something or another leading nowhere producing nothing of any consequence for nobody... this is remarkably still news in Chile. https://www-reporteminero-cl.translate.goog/noticia/noticias/2023/05/reunion-entre-codelco-sqm?_x_tr_sl=es&_x_tr_tl=en&_x_tr_hl=en
Since this pre-April 20 "meeting" absolutely zero has taken place on this front... led by Codelco and Anti-Mining Her Excellency Marcela Hernando.
The Doctor
" 13 % drop today "
Randomly at a total traded $605
we should also write about it.
Ouch!_13% drop_today. Barring_the Military_overthrowing this_pathetic
leftist/commie thieving sniveling government and deposing Mommy's Boy Gabby Boric to install Jose Antonio Kast as the new president... then we are simply destined to suffer more gut-wrenching share price drops like today taking us ultimately down to 5 cents per share for the next 3 years until Jose Antonio Kast is voted in as the next president for 2026. For us we would rather like to see Kast take over in 2023 but if we have to wait until 2026 then I guess that is our sad fate.
The Doctor
PS, this week's reading assignment is Salvador Allende by Daniel Mansuy https://www-ex--ante-cl.translate.goog/daniel-mansuy-y-su-nuevo-libro-los-mitos-son-peligrosos-y-la-nueva-izquierda-esta-atrapada-en-el-mito-de-allende/?_x_tr_sl=es&_x_tr_tl=en&_x_tr_hl=en-US&_x_tr_pto=wapp
Boric wants to be Allende's successor but as we said before Mommy's Boy Gabby Boric isn't even capable/worthy/suitable of carrying Salvador's jock strap to a friendly soccer game.
Under_Gabby Boric the_World Bank_rating for_Chile drops 27_points
sinking Chile as comparable now to Bosnia, Indonesia, Peru and Uruguay https://eldiariodesantiago-cl.translate.goog/archivo/11393?_x_tr_sl=es&_x_tr_tl=en&_x_tr_hl=en-US&_x_tr_pto=wapp
Dear Mommy's Boy Gabby Boric, We can't find one single international financial rating-by-country where you have pushed Chile higher than the ratings achieved under Pinera. You are one big mommy's boy loser top to bottom.
The Doctor
Yes,_we have_no new details_on the_NLP some_more says_Marcela but
I (Marcela) am more than willing to blame-game Congress for the current delays affecting expansion of lithium mining while I blow more smoke/hot-air up yourass pretending I am hard at work on solving this lithium crisis before the 2026 elections when I hope to run for president of Chile https://www-reporteminero-cl.translate.goog/noticia/noticias/2023/05/gobierno-entrega-detalles-sobre-la-estrategia-nacional-del-litio?_x_tr_sl=es&_x_tr_tl=en&_x_tr_hl=en and then roll in the lithium glory & gravy (profits) for myself and my ultra-commie party after the March 2026 inauguration at which time I will have my ugly triple chins removed by a high-priced plastic surgeon to make me more attractive to my lesbo/dyke followers.
Looks_like Jose_Antonio Kast_is running_for president_again in_2026
https://www-cnnchile-com.translate.goog/pais/jose-antonio-kast-la-derecha-esta-mas-cerca-de-llegar-la-moneda_20230514/?_x_tr_sl=es&_x_tr_tl=en&_x_tr_hl=en-US&_x_tr_pto=wapp
Good.
The Doctor
Lithium_industry leads_employment growth_in Argentina’s mining_sector
https://www.mining.com/lithium-industry-leads-employment-growth-in-argentinas-mining-sector/
In Chile under Mommy's Boy Gabby Boric and Anti-Mining Marcela Hernando the opposite is true.
The Doctor
PS, Dear Marcela, in your latest PR pictures we notice you are looking a little more feminine/sexy and not so lesbian bull-dykey dressed in your trademark frumpy polyester Walmart pant suits https://www.df.cl/noticias/site/artic/20230512/imag/foto_0000000220230512110108/Captura_de_Pantalla_2023-05-12_a_la_s_11.png
Clearly you have a new style & wardrobe coordinator. So our question now is, who is paying the bill/costs for this new style & wardrobe coordinator for you to reshape your public image? Is the State or your presidential campaign paying for this new style & wardrobe image coordinator/consultant? Or, is the funding coming from a "Help a Lesbo Snake Reinvent Herself" GoFundMe group?
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