GREY:GLBCF - Post by User
Comment by
BrentHon Mar 31, 2014 2:50pm
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Post# 22391468
RE:Umm. Massive blow to GCO?
RE:Umm. Massive blow to GCO?
Cazcade wrote: GCO just emailed NR that states:
"The Silicon Valley company won’t look overseas for the graphite, cobalt and other materials needed for its so-called Gigafactory, said
Liz Jarvis-Shean, a Tesla spokeswoman."
Basically explains why FCO jumped 27% today and why GCO isn't moving. Gigafactory is a bust for GCO. So much for that.
Not sure why GCO would email folks about that creating fear unnecessarly. Regardless, if they did, it shows, they're not concerned as sharp mentioned, China and the rest of the world hasn't gone anywhere. Easpring/Panasonic, the rest of the grid battery storage market,,, I wonder where their factories are? China... and China is now on an enviromentally friendly kick... so getting their cobalt from Russia works out well, yes. :)