Lithium Americas Corp (LAAC)

[Osoman]

Organoclay sales for 2016 through 2018 Q3 have amounted to $7,395,000 resulting in total losses of $4,318,000. While 2016 fracking had been slowed down considerably, it's currently going full bore as noted in a recent report.
Quote "Back in 2000, there were just 23,000 fracking wells pumping about 102,000 barrels of oil a day. Now there are 300,000 fracking wells, churning out 4.3 million barrels per day.

Fracking "has allowed the United States to increase its oil production faster than at any time in its history," the EIA said in recent report."

Fracking is currently supplying more than 50% of total oil production. If we can't make money now we may never turn positive results. In early 2016 I tuned in on a conference call the company held with a major bank to cover company activities. Part of it was devoted to the organoclay plant . I dont recall who the company spokesman was but he stated unequivalently that the plant would be cash flow positive by the end of 2016. DREAM ON! It's a drag and selling it to an entity with connections to the industry is the only good outcome I can see. As always, when I point to what I think is a negative, I hope I'm wrong!