Regarding the POSCO agreement or (MOU) Memorandum of Understanding. Since I believe that the MOU is a solid agreement that means that the Korean 59billion Steel company can build a facility in Peru and or Korea to process the lithium carbonate, they would not go to this length to have a ceremony with all its meanings and pride associated by the Korean unless they were very very serious about acquiring access to these resources. Its going to happen in my opinion and when it does this company LIEG whether or not more dilution occurs which it will become a global supplier of Lithium to large markets.
It’s the best news on any lithium company that I have research in all of the Americas' including SQM. In fact it’s like LIEG is a baby SQM company, and with this agreement comes revenue and further capital investments that are larger than any stock capital raise, since POSCO can invest unlimited amounts to make the deal work. The recent stock price reduction is a gift to any new investors.
I'm buying shares for the remaining of this year all year.
The more you have on a average cost basis will reward you into the future as Lithium demand continues to soar.
As far as POSCO goes, Warren Buffet owns about 4.5 % of POSCO.
POSCO wants to own a significant percentage of LIEG.
It’s just a matter of time and this will command a price in the dollars not sub dollars.
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