RE:RE:Ulises Solis seeks a meeting with Walter AduviriY93H1979 wrote:
Thanks for the info Juan, your contributions to the board are much appreciated. Mr Aduviri sounds like a typical politician to me, more so than a radical idealist. From what you've posted it sounds like he wants the project to go ahead, but he's just holding out for a bigger slice of the pie. At least this situation doesn't appear to be like the situation Berkeley was facing in Spain. I almost invested in BKY... It still sends shudders dwon my spine thinking of that situation. That is real left wing radicalism.
Thanks sir. Good to hear from you again!! It has been a long time since your last post, at some point I thought you'd left the ship. Of course Aduviri is a "political animal" and whan happened with Bear Creek in Santa Ana was just that, Aduviri taking advantage of people's dissatisfaction to lead the protests and increase his political capital. But PLU seems to be handling social relationships quite well and Aduviri is now an authority, so his strategy this time will be different. People in Puno are afraid the company will get all the profits and leave to them only "crumbs", so Aduviri will try to lead the negotiations in due time.
Y93H1979 wrote: As long as there are no disuptions to the exploration and engineering processes, I will be happy. I don't for a minute think that PLU is going to be the company building the mine. It's getting bought out before then.
The more time that pases the more I agree with you about PLU being bought out. It's not only the most likely scenario but also the best for us given the risks PLU is facing.
Y93H1979 wrote: On another note, it appears they have pushed back the release of the PEA. Initially after the resource estimate, they mentioned a much earler PEA release. I think they have opted to include PFS level metalurgy in the study, as this will be the determining factor in costs and feasibility. They want this to be as simple and straightforward as possible, and for the product to be as pure as possible. That will be the determining factor in the value of the project. There are multiple Li companies out there with massive clay resources at PEA, PFS and even BFS stage that have no interest from majors. Metulurgy and processing is what is going to be the determining factor
This change in the strategy seems to be related to Alex Holmes taking office last month. As a market capitals strategist he must be "preparing the bride" (as we say in Peru) to a potential buy out, maybe by the Chinese who have invested heavily in Peru last years and recently have also bought companies in the Lithium sector.
Regarding this Li companies with massive clay resources you mention, I see that's what is behind the selling off we have seen in stocks like Bacanora, Cypress or even LAC (because of Thacker Pass). It's just shocking to see their PEA and PFS numbers and compare this figures to their market caps, at this point I'm wondering whether some of them (like Cypress) offer a good risk/reward profile right now. Btw, a guy last month posted in Seeking Alpha about Li Clay Projects and he sort of included PLU in the group. I wonder to what extent many investors are thinking the same way and what effect is having this in sp.
https://seekingalpha.com/article/4205681-look-lithium-clay-projects