RE:RE:ILC will now have Although this is a nice explanation of the steps already taken, what it does not do is answer the questions of the future upside to ILC shareholders.
1. Ganfeng is a lithium producer.
2. For obvious reasons they require future lithium to be sourced and shipped to Ganfeng for processing into the various products they sell.
3. This means the properties that ILC have, namely Ireland and Argentina can provide that future lithium Ganfen needs.
So what we have done so far is ensure Ganfengs future is solid. Correct ?
Ganfeng can now relax and develop these properties as required to provide provide enough lithium for the next 100 years. Or at least until I expire. They can take some of the production to China each month and develop it. Or will they open new sites in Ireland and Argentina ?
So the question still arises is what, if anything, will enduce anyone to buy the stock to increase its value ? Will Ganfeng give management another $1 million for the other 20% of the Argentina property ? That won't help me as a shareholder.
I did sell some of my ILC shares when the recent deal was done. However I still own 34000 shares and debating selling them as well, unless someone can highlight some plusses.
Anyone have insight ??
Thanks Cooper.