LITHIUM X ENERGY CORP V.LIX

Chinese Takeover of Giustra's LIX - Way too Cheap

[lithomon]

MtnGoatMatt makes an excellent point about buy-out price.

$265 Million for LIX is awfully cheap when one considers Lithium is already in deficit position and the fundamental shift from internal combustion engine to Lithium powered new energy is only just getting off the ground and China is only just starting to get "electric" vehicle revved up.

No doubt, this deal is just the beginning as these Chinese mining groups have significant cash accounts to buy up many of the known and viable Lithium resources.

That seems to be the way things go at the very beginning of a fundamental technological revolution, some juniors get bought up very, very early by aggressive buyers and Way too cheap.

What's also very interesting about this LIX takover deal is that it gives the Chinese significant in-roads to key Lithium resources in the Nevada Clayton Lithium basin next to Albemarle where Pure Energy already has a Lithium supply agreement with Tesla.  Going forward, I think this gets very interesting.

[Allynbrant]

Very interested too. Having ~20% of  pemif , the gigafactory has got to be in deliberation about it . Elon musk wants his suppliers to have the best extraction process in the world and that will end up being the Tenova group of companies. Tenova will be a ‘whatever it takes’ contributor to pemif to get tested out and production plant built in Nevada . Albemarle will end up using this plant