❤️elphamale

To be clear, KoBold has plenty of money and it's offers to AVZ at this point have been what they are legally required to be under Australian law - "fair value" (not "commercial terms"). I would remind my AVZ friends on X that Nigel & Co must consider and disclose any such offer by KoBold per Australian securities law and failure to do so OR to turn down an offer of "fair value" could expose it to either more lawsuits by the authorities or it's current shareholders.

Haven’t really seen anyone’s take on CATL’s prospectus recently released (they are listing in Hong Kong), so thought I might give my quick thoughts on it! A lot can be gleamed from CATL’s prospectus. Firstly, acknowledgement by the company that the profit margins have increased partly thanks to a reduction in LCE price. Secondly, CATL’s growth estimates are enormous. The ESS estimates in particular are well above most analyst’s expectations. They have it at 300 GWh for 2024, 481GWh for 2025 & 1400 GWh for 2030… Let’s convert these numbers GWh to LCE tonnes to make it easier to understand and compare to demand tables. 1kWh = 0.75~0.8kg of LCE. 0.9kg of LCE per 1kWh used to be the number that analysts adopted, but batteries have become more efficient with time. I've adopted 0.75kg off my latest data, but if anyone has a better number, please let me know. 1GWh = 1,000,000 kWh. 2025 – (481GWh * 1,000,000) *0.75kg = 360kt of LCE. 2030 - (1400GWh * 1,000,000) * 0.75kg = 1.05Mt of LCE. Compare this to the ESS numbers presented by UBS in 2024 for example (below screenshot). They had for 213kt of LCE 2025 and for 517kt of LCE 2030. So CATL’s numbers are almost double. That’s a difference of 12~13 x the yearly output from a mine such as Kathleen Valley to put it into perspective. This is just ESS. Another section of the prospectus that jumped out are the emerging applications. 390 GWh for this section by 2030. 390GWh x 0.75 = 292.5kt of LCE. ~3.5x greater than the 80 kt LCE UBS had listed for their "other Li-Ion demand" section. I’m not even going to bother doing the conversions on the 13 Twh by 2050 as it paints its own picture. I think the above suggests the growth of lithium is exponential. I couldn’t tell you a commodity that has grown at this rate (and is expected to grow). Can’t deny CATL is a fantastic company that is leading the way in battery tech. They do want to suppress the lithium price however and that makes sense as they are the world’s largest consumer of the stuff. I just don't see how it doesn't cause more harm than good and will lead to an explosion in lithium price (more detail on this on my other posts). Thanks for reading.

FASTEST 16-year-old EVER 👀 🇦🇺's Gout Gout storms to 20.04 over 200m in Brisbane 🔥 Oceania record ✅ National record ✅ Fastest time ever by a 16-year-old ✅ 2nd on the U18 all-time list ✅ Peter Norman's Australian record stood for 56 years 😮‍💨 📸 Casey Sims

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