Frontier Lithium Inc LITOF

MXZ, Mitsubishi Buying up Frontier Lithium shares

[lithomon]

It clearly appears that buying up Frontier shares is not Mitsubishi's Lithium strategy.  
 

As mentioned on this forum this forum, Mitsubishi is an $89-Billion market cap company.
Mits is not overly concerned about anything to do with Frontier's shares.
Mits is not going to piddle around with shares.

 

Mitsubishi's only interest is securing 75% of Frontier's Lithium production.

 

In short order, Mits has to start supplying HONDA with Lithium battery products.

 

To conclude, if some other entity, globally, steps in to start acquiring Frontier Lithium, that is not a key concern for Mitsubishi.

 

Mitsubishi already now has the Lithium supply locked up on the overall PAK development.

 

If Albemarle, Piedmont, Arcadium, PMET, etc.... step-in to buy up Frontier Lithium then Mitsubishi simply works with the "construction" teams of those well developed and motivated mining machines.

[Tiger131]

Perfect. Great point Lithomon. The faster we get the material out of the ground the faster we stop losing money. 

[Ezgski]

Lithomon...Frontier's press release and investor deck clearly state that Mitsubishi can increase ownership to 25% with "Frontier maintaining at least 75% of future off-take".  I'm not sure how you come up with Mitsubishi receiving 75% of future off-take. For someone who supposedly knows so much, how are you so far off unless it's done deliberately or you're just

[RAFFL007]

It's a typo.....Ezgski! Nonetheless FL is moving forward and let's wait for the upcoming budget....we will be set !

[Ezgski]

Raffl007...with all due respect I don't think it was a typo since it was stated incorrectly and then reiterated!  I'm just tired of reading Lithomons soft bashing and now a misstatement of facts.   I agree that FL is moving forward and I'm excited to see the progress over the coming year! GLTA ezgski

[RAFFL007]

We all know Lithomon.......:) Cheers