GREY:NMKEF - Post by User
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TeddyBearon Dec 23, 2019 3:22pm
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Post# 30485059
Good FT paper - very pessimistic
Good FT paper - very pessimistichttps://www.ft.com/content/bd8b91ba-259f-11ea-9305-4234e74b0ef3 They also mark another blow for SoftBank, the Japanese group controlled by Masayoshi Son that has had investments sour this year. “Once they got the SoftBank investment, people thought ‘Masa Son doesn’t make stupid investments’ but as it turns out they do,” said Joe Lowry, a lithium consultant. “It’s the poster child for what goes wrong when money and hubris meet lithium,” he added. “It’s another black eye on lithium investments. Unwinding this is going to take forever. I don’t believe they or any successor company will be producing lithium within five years.”