2023 could bring the worst recession in decades. High interest rates are here for a couple of years. Cost of doing business for any company, let alone a start up, will cut into margins.
Very crowded competitive space for newbies. Too late to the dance. Sounds all good but reality will set in soon.
Might want to read this and let it soak in- REPT, EVs backed by the world’s largest nickel producer Tsingshan Holding Group Co., Ltd., seeking funds ahead of a potential IPO in Hong Kong that could raise about $1 billion as early as this year. bloomberg.com/news/articles/… via @markets $snpw
Tsingshan will finance the plant! French mining giant Eramet pours first concrete at lithium plant in Argentina kitco.com/news/2022-06-0… $SNPW #FoxEss #Lithium #battery
Volkswagen will form joint ventures with Huayou Cobalt and Tsingshan Group to secure nickel and cobalt supplies for electric vehicles $SNPW Surround yourself with greatness #Tsingshan
And lastly I will leave you with this-
Father and son ,both growing and building FoxESS son Tsingshan father Literally father and son $SNPW surround yourself with success.
Funding seems to be key. Key for capital to build a facility and funding to cancel the 14c pertaining to a potential reverse.
Was expecting to also hear selection site for a facility.
The snpw timeline for going live seems aggressive and the track record for timelines in this spectrum isn’t great. Look no further than Durango. Weren’t shovels suppose to be in the ground by the end of last year.
My opinions.
“ How is this game plan any different. No funding, no location, no permits, no equipment and maybe 2 to 2 1/2 years away from operational plant if funding was approved tomorrow.”