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Wednesday, July 06, 2022 3:19:34 PM
Hmmmm, let me take a wild guess here. Could it be that our Uncle Posco has just announced a major colossal mind-numbing record-shattering 75,000,000,000,000 South Korean Won (US$57,468,660,000) expansion into Lithium Battery materials
http://archive.fast-edgar.com/20220706/AT22L22DZZ2RU2ZZ2HZE2CYSQ3GLYZ22Z24G/ (see paragraph 2 bullet point 14 regarding 75 Trillion Korean Won investment package through 2030) which now includes a Lithium production target of 130,000 tons in 2026 rising to 300,000 tons in 2030 (see paragraph 2 bullet point 6) and full disclosure that Uncle Posco is expanding ore production by securing additional spodumene plus increasing capacity from existing salt lake, and acquiring a new salt lake (see paragraph 2 bullet point 12).
Well to my mind I am willing to bet Uncle Posco is going to get that spodumene from Australia... and his increased capacity from an existing salt lake is surely going to be his investment in Argentina I would think... but where oh where will Uncle Posco be increasing his brine lithium by buying a whole "new salt lake"? I can't think of one salt lake you could buy in Argentina that isn't already encumbered/complicated by multiple owners. And the one lake in Bolivia that comes to mind is unbuyable plus most likely already spoken for by Russia.
Are you thinking what I am thinking that some Asian & South Korean institutional investors got wind of this insider information yesterday a day early and started shorting the piss out of LPI early this morning (LPI down 7.53%) and BLILF (Down 16% 3:30PM NYC) to buy our shares on the cheap cheap because those Asian & South Korean institutional investors believe the "NEW salt lake" to be acquired by our Uncle Posco is the Maricunga Salt Lake?
The Doctor
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