That is great news and I'll tell you why.... "GM to spend $19 billion through 2035 to source EV battery"
Good find Frenchie....
This is great news. This is the first long term marriage we have seen between OEM and battery manufacturer, involving real money, big money, long term money. Make no mistake this is the beginning of a long term relationship, a marriage.
LG Chem has been taken off the dance floor....ooops Ford, now what? The music has stopped, and chairs are being snatched up...Ford and others are running out of time to secure their own long term partner. This is excellent news because LG Chem isnt a cathode manufacturer...they are a BATTERY MANUFACTURER. So the question now is....drum roll please....where is LG Chem getting their ANODE to qualify for the full $7500 IRA rebate? That is the question...one to which I would surmise LG already has a pretty solid understanding if they feel confident enough to input that into their news release and expand upon that very point ie being able to secure a local supply chain in order to qualify for IRA etc....there it is in black and white folks.
We are it. There is no one else. So now what? What is happening behind the scenes within the Northern Graphite puzzle palace? What is our group of bumbling executives doing to real in a deal with LG Chem????
Where is the NR from our IR congratulating both GM and LG on this momentous deal and mentioning the missing part of the puzzle piece....where ya getting the anode from locally? Northern should be commenting on this news like today....where is our comment on this? Twitter??? Three IR and zero, nothing...silence.
Great news yesterday, incompetent IR. Our biggest risk right now is not our product or our ability to deliver our product, it's our management group who continually are slow to react and tone deaf to real industry news...real news.
Where is your comment Hugues?? Are you awake Hugues? Why are you not commenting on the missing anode part of this deal? Where is LG Chem going to secure local anode? From who in North America? Why are you not talking about that? Where is something real, something tangible with real money and a partner Hugues? Where is our government updates on our funding applications HUGUES, it's been a year? Where are the updates on all the expired deals we have left on the table over the last year and half? Neograph? Graphex? Baie-Comeau? Why do we have so many IR on our payroll and we get nothing in return? Where is our market messaging? Why do we keep adding board members, because you can't do your job and deliver? Why have you not delivered anything other than dilution and wealth destruction in two years and you still have a job?
When I describe the leadership of this company as incompetent, this is what I am referring to. This is our biggest risk as shareholders. Not the market, the macro or our assets, but this team of corporate clowns.
Hugues...don't leave another expired or wasted opportunity on the table...make it happen and get the anode deal done.
Enough poor performance from our overly compensated CEO.
Deliver or get fired.