what was said in french interview Hi
Here are the mains differences between the french and english version of the interview. First, Carignan was working at Canal Argent about 2-3 years ago. He was doing about the same thing, focusing on the technical analysis. Some like him, some hates him. Personnaly, he helped me understanding day trading, he have a very friendly and good humor way to explain his method, some pretend that it's not serious as it should be. He's also selling day trading computer programs and courses.
Before talking with JSL, Carignan ask to the guy who did the english (Chris) interview to present Cre. He talked about
- the high demand of lithium, saying that there is a consumtion of about 55000 to 65000 today (he didn't said the unit, kg or tons) and in 2030 the consumption will be of 135000 to 145000.
- the use of tantalum in miniaturisation of electronic devices
- the US law that forbid to public companies to buy conflict mineral and that Cre would be a great place for companies who want to buy tantalum in a safe and stable country
- Blue Note that will buy the Croinor project.
- new comers on the board of directors, that have experience in mining and marketing
- He said how much energy the company put to go in production as soon as possible (2 years), skipping the pre-faisability study to go directly in faisability study.
Then Carignan talked to JSL, who was obviously more comfortable in french and gave a better impression than in english.
Carignan explained that normally, companies are doing exploration or exploitation. He is suprised that Cre will do both. He asked if there is someone with experience to do it in his team. JSL talked about his geologist family historic, and he explain the strong mining experience of all the members of the board of director. He repeated the pedigree that they published in the news when each of the members arrived on the board.
Carignan was suprised that a so small company used the poison pill precedure, JSL said that he doesn't want a big company buying all the Cre stock at 0.17$ for 5 or 10 millions when Cre value is 485 millions. He said he was looking for financing by a pre-payment of production. For example, a year of production of tantalum represent 45 millions, for 2 years 90 millions. If we add 50 millions for lithium, it would be enough to complete with equity or debt, and finance construction of the mine without dilution. The money from Blue Note is not an absolute necessity, but only an option to finance the project. The economical study is good enough to permit Cre to negociate the price of lithium and tantalum with future potentials buyers.
JSL explained that Cre want to stay a Quebec owned company, and profits of the first, second, third and fourth transformation...from lithium carbonate to metal lithium and even batteries production.
The open pit would be effective for 5-6 years, and then they would do an underground production.
The construction of all the plan, including 1 concentrating factory to extract lithium and tantalum from rocks, and 1 carbonate factory, all the trucks and infrastructures would cost 268 millions. Production starting at begining of 2015. No collaboration between the differents lithium producers, because each project have its own concentration, and specifications so they can't process differents deposits in the same factory. The other reason is that Cre is unique to have the tantale lithium blend.
Lithium and tantalum are both important, but tantalum is in shortage for the moment.
JSL said many other things that we already know, but for the spectators that never heard of CRE (82%), they sure got a very good impression of the company. That surely helped the stock price rise today.
That's it
It's a pleasure to read you everyday, for the last two years.