TLG Discussion 2022

[Semmel]

Thy for the exploration. I saw the broad market tantrum, so was sure it had nothing to do with Talga, but good to know the specifics. Another buying opportunity.

 

[Vigdorian]

https://www.news.com.au/finance/business/mining/copper-prices-tipped-to-go-ballistic-as-ev-revolution-causes-supplies-to-run-out/news-story/a96b3f0f2f55453cab9f03dcf286af4c

And on the flip side GS will use EV and green transition to bolster copper

 

[BigGMoney]

Here is a strange story! If you don't want to be confused, go directly to the picture at the end.
I have once again looked after the ship (ships) with the test coating. The ship was previously called ALGARROBO and belonged to NSC HOLDING - HAMBURG, GERMANY. I'm focusing on this one ship here, even though there are two.
https://graphene-flagship.eu/graphene/news/talga-s-graphene-coated-ships-sail-safer-and-last-longer/

ship 1 coated Nov 2019
ship 2 coated Dez 2019

The dry dock of the coating or the place in the photo is located in Turkey: https://www.google.com/maps/@40.8416681,29.2842773,1646m/data=!3m1!1e3

After that, the ship was sold and renamed Robin 1/2 or Songa Puma.
https://www.balticshipping.com/vessel/imo/9399789
http://www.bunkerportsnews.com/News.aspx?ElementId=edaf2e56-78ca-406b-a891-de7cb643f50a

At Marinetraffic it runs under the name Robin 2 and under Liberian flag. As you can clearly see from the positions here 1=2
https://www.marinetraffic.com/en/ai.../mmsi:636020352/imo:9399789/vessel:SONGA_PUMA
https://www.marinetraffic.com/en/ai...843/mmsi:636020353/imo:9399739/vessel:ROBIN_2

I'll cut my excursion short:

I wanted to know who is the owner and manager of the ship. I had to learn that the flag under which it sails has nothing to do with it. Now it becomes more complicated, here comes now the mistake in the designation 1 and 2. Robin 2/Algarorobo. But now it gets really complicated. During the search I became aware of the identification number and here they diverge for one and the same ship. Robin 2 = IMO: 9399739 and SONGA PUMA = IMO: 9399789 are one and the same ship! I am not kidding! Check the position and the photos. Kind of confusing and I can't clear it up now or here. Think of this post as a note or archive entry for later editing. Up to this point, the flag is still the same under which they sail, Liberia, and the home port is also the same, Monrovia. ...That reminds me, I've never seen it in Liberia/Monrovia, but I have seen it in Bremerhaven.

Isn't that twisted enough? Then see here from Robin 1 and Robin 2 with different identification numbers becomes one and the same ship listed under two names and two identification numbers. I am really not a professional and can very well be mistaken. But I find this odd.

Further alignment:
Sponga Puma and Robin 1 was previously called Cap Roca
And Robin 2 was previously called Cap Roberta

I still could not clearly find out who are owners and managers. According to the page here it is for the Songa Puma and/or Robin 1 and 2:
Managment:
ISM Manager
INTERUNITY MANAGEMENT GMBH
Konsul-Smidt-Strasse 76a, 28217 Bremen, Germany.
(since 04/11/2020)

Owner (the same):
Registered owner
ROBIN 2 SHIPPING INC
6181650
Care of Interunity Management (Deutschland) GmbH , Konsul-Smidt-Strasse 76a, 28217 Bremen, Germany.
(since 15/11/2020)
https://ships.jobmarineman.com/robin-1-9399789/
https://ships.jobmarineman.com/robin-2-9399739/

Their page is similarly confusing: http://interunity.com/
And contrary to the info above, they don't run the Robin 1 alias Songa Puma, alias Algarobbo (first coated ship) under their management. But therefore Robin 2 not mentioned by Talga not even under old names, and Robin 4 before that designate as Arica (second coated Ship; IMO: 0399741). I just suspect that this business or industry is set up that way on purpose.
=> So if MT wants to see what its coating is doing, he should simply send its German employees to Bremerhaven at the next upcoming landing.
I'm sure that's exactly what he did! See here google.maps and here the second picture


Confused? Don't worry, I am too
If all this is true, the owner has changed, but not the country Germany and here the regulations are probably such that they are not driven off to the rust. Now I have at least a clue why I saw the ship twice in Bremerhaven harbor.

Here is the reason why they do not sail under the German flag, so the two in one or Robin 1/2 ...yes, and Robin 4... I'll leave that for now, otherwise I'll run into 4 ships that are one and the same later

"Flag with tax concessions
In contrast to the nationality of people, for example, ships are very free to choose the flag under which they sail. However, they are also subject to the laws of the country in question. As a result, only about 14 percent of merchant ships now sail under the German flag. Klaus Harald Holocher, Professor of Shipping and Logistics at the Jade University of Applied Sciences, explains that this practice applies just as much to rescue ships, oil tankers or tourist steamers."
____________
I'm going to follow up on that. To me, the coincidence just seems too great that the two are in the identical position in the ocean. Since I started, the position has changed slightly.
____________

Puh! What a trip! I just wanted to show you an actual photo of the ship:
View attachment 6873

View attachment 6874

https://www.fleetmon.com/vessels/robin-2_9399739_2027261/photos/3632309/

at least we know more now. Maybe I made a mistake and someone will enlighten me. Or should I not have drilled deep? Any thoughts?

No way....Had I known it was in Ringaskiddy I could have gone down to check it out. Sorry guys I'll try and keep an eye out in future.

 

[WheresTheMonkey]

Here comes some competition. But that's a pretty small mine is it not ? However has Mitsubishi created a superior anode coating material ?

Mineral Commodities (ASX:MRC) enters collaboration with Mitsubishi Chemical Corporation​

ASX News, Materials​

ASX:MRC MCAP $58.84M

Julia SeymourMarkets Presenter/Reporterjulia.seymour@***************.com.au18 May 2022 09:25 (AEST)
https://***************.com.au/wp-content/uploads/2022/05/2675-CEO%20and%20Managing%20Director%20of%20Mineral%20Commodities,%20Jacob%20Deysel-1280x720-800x430.jpgCEO and Managing Director of Mineral Commodities, Jacob DeyselSource: The West
https://***************.com.au/wp-content/themes/spotlight/images/logo-small-white.svg

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• Mineral Commodities (MRC) joins forces with Mitsubishi Chemical Corporation to collaborate on graphitic anode materials supply in Europe
• The companies co-signed a non-binding memorandum of understanding which will see the parties explore collaboration opportunities
• These include a manufacturing and supply agreement for an anode plant in Norway and the production and sale of active anode material in Europe
• The company says phase one of the agreement is already considerably advanced, with MRC already conducting engineering design for the anode plant
• Mineral Commodities shares climb 14.3 per cent, trading at 12 cents at 1:28 pm AEST

Mineral Commodities (MRC) has joined forces with Mitsubishi Chemical Corporation to collaborate on graphitic anode materials supply in Europe.
Mineral Commodities co-signed a non-binding memorandum of understanding which will see the two parties explore collaboration opportunities.
These include a manufacturing and supply agreement in which MRC will construct and operate an anode plant in Norway to toll treat graphitic material supplied by Mitsubishi (MCC). This will be done via MRC’s wholly-owned Norwegian subsidiary, Ascent Graphite AS.
Additionally, the deal will see the companies produce and sell active anode material in Europe, manufactured using MRC’s purified graphitic materials and MCC’s active anode materials technologies.
The company said phase one of the agreement is already considerably advanced, with MRC conducting engineering design for the anode plant. A final investment decision is expected by the third quarter of 2022.
CEO and Managing Director of Mineral Commodities Jacob Deysel said MCC has significant experience and expertise in anode materials, which makes them the perfect collaborative partner to build its European Sustainable Graphitic Anode production strategy.
“With our Phase one toll manufacturing agreement, we will gain early entry and invaluable experience in the anode materials supply chain,” Mr Deysel said.
Meanwhile, phase two will target a broader collaboration to manufacture and sell high quality active anode material in Europe.
“The Phase 2 business collaboration provides the opportunity to leverage MCC’s expertise and our natural graphite operations at Skaland and environmentally sustainable purification technology for Europe’s first vertically integrated ore-to-anode materials business,” Mr Deysel added.
Mineral Commodities shares climbed 14.3 per cent, trading at 12 cents at 1:28 pm AEST.

 

[WheresTheMonkey]

OK from the Australian (Paywall site) this afternoon following up on the Goldman Sachs report Credit Suisse had something to say

"Credit Suisse also highlighted Syrah, rated neutral with a target price of $1.75, as an "ex-Li alternative for EV mineral exposure" with a lower macro risk profile versus market expectations, and positive catalysts in coming 6-12 months with graphite possibly emerging as a preferable EV mineral exposure to lithium."

 

[cosors]

OK from the Australian (Paywall site) this afternoon following up on the Goldman Sachs report Credit Suisse had something to say

"Credit Suisse also highlighted Syrah, rated neutral with a target price of $1.75, as an "ex-Li alternative for EV mineral exposure" with a lower macro risk profile versus market expectations, and positive catalysts in coming 6-12 months with graphite possibly emerging as a preferable EV mineral exposure to lithium."

Because of the GS assessment many in several other groups are mightily pissed off and think it is wrong. I posted it because I often thought that lithium is hyped because it is in the name and everyone knows it; it only needs to say lithium then it will be a good investment...
And graphite seemed overlooked to me. Another thought: I had looked into AVZ once and that seems like it will be a Goliath once it produces. Then the price would have to go down just because of that output, it's also just one of many new lithium opportunities worldwide but the largest by far. That's why I don't think this is all BS what GS writes.
Now this assessment from CS, thanks! I hope the ship turns now and graphite will get more attention.

 

[WheresTheMonkey]

Here's some competition again.....................with Syrah on board this time

Mitsubishi Chemical : Enhancement of Anode Materials for the Lithium-ion Battery BusinessMitsubishi Chemical Holdings Group strengthens production capacity of low-swelling natural graphite anode materials in China and starts discussing production in the WestNEW​

05/29/2022 | 10:06pm EDT
https://twitter.com/intent/tweet?ur...ium-ion+Battery+BusinessMitsubishi+Chemica...

Mitsubishi Chemical Holdings Group (MCHG) has decided to enhance the production capacity of natural graphite anode materials, which are newly developed products for lithium-ion batteries featuring low swelling, from 2,000 tons/year to 12,000 tons/year at its Chinese subsidiary Qingdao Anode Kasei Co., Ltd. (Qingdao City, Shangdong Province, China) and affiliated company Qingdao Lingda Kasei Co., Ltd. (Qingdao City, Shangdong Province, China). MCHG has also begun to consider the production and sale of anode materials in European countries and the United States.
Demand for lithium-ion batteries for automobile applications, mainly for electric vehicles (EVs), is surging due to the global increase in environmental consciousness. The market for the batteries for automobile applications is expected to grow about 30% annually on average. Along with this trend, demand is increasing for high-quality and eco-friendly anode materials, a key component of the batteries, available for automotive applications.

• Enhancement of production capacity in China

Anode materials are made from artificial or natural graphite. MCHG offers advantages in its natural graphite anode products that emit less GHGs during the production process and have an excellent life cycle assessment. Additionally, using its originally developed technology (patented), MCHG has newly developed and provided a higher-grade product that prevents batteries from swelling and adversely affecting battery life, and surpasses artificial graphite-based materials in performance. MCHG has recently enhanced the production capacity of its production line for the product at Qingdao Anode Kasei and Qingdao Lingda Kasei. The production line is scheduled to start operation in the first half of fiscal 2023.

• Commencement of manufacturing studies in collaboration with overseas companies that own mines

Meanwhile, the movement to locally manufacture batteries for automobile applications in North America and Europe is becoming active with auto makers and battery cell makers implementing supply chain strategies. To meet the demand, MCHG has begun to consider securing the procurement of natural graphite-based materials, as well as production and sales in the United States and European countries through collaboration with international companies that own Natural Graphite operations and resources. As the first step of the initiative, MCHG signed two memorandums of understanding this May toward a commercial arrangement with Syrah Resources Ltd. (Syrah; Victoria, Australia), the world's largest integrated producer of flake graphite with production in Mozambique and integrated active anode material production in USA, and Mineral Commodities Ltd. (MRC; Western Australia, Australia), which owns an operating graphite mine in Norway and a graphite project in Australia. MCHG will perform further technical assessments to identify whether MCHG's Anode material production technology is optimized with the source graphite materials, and will then negotiate the details toward future collaboration. Additionally, MCHG will contribute toward the realization of carbon neutrality by enhancing the manufacturing system on a global scale and offering products with an excellent life cycle assessment to meet the brisk demand for anode materials for lithium-ion batteries.

 

[Semmel]

There is more than enough demand for them and us. Differenciator will be the carbon emissions and production cost. At least the first will be in favor of Talga, so we can ask a higher price. Not sure about the production cost. It's not a problem for Talga. We never intended to be the sole provider of anode in Europe. We are just the only meaningful domestic producer.

 

[Micreg]

The most recent presentation, delivered in good company:

 

[cosors]

For me, the three major milestones are approval, JV/funding and off-take. One of these milestones we haven't quite reached yet but we were shown how to reach it => funding.

Maybe the mine and crusher and concentrator is not the bigger of the two challenges. Maybe the mine can be ramped up step by step.

If he does not get the money independently and quickly then everything makes no sense anymore. I think the publication is his far-sighted strategy, which MT has already proven with the pilot plant at Swerim.

The industrial area will soon be ready for construction and it can probably start from spring 2023. The money has to be there. For a JV partner, it would have to be guaranteed that the mine can be opened.
But it has to happen faster than that. So starting in spring 2023 everything has to go very very fast and that for probably for MT in parallel with the permitting process. Summers are short and excavation can't be done in winter but maybe the construction itself once the foundation is in place. In 2023 it all has to come like out of a shotgun, 2024 is quickly reached. The market will not wait forever.
I believe that the time pressure to supply NV has created this financing construct because no major partner is willing to take the risk of building a factory even though there is no permit for the mine yet. So MT is doing it itself.

I would remind you that if the permit is granted and the green light is given, there will probably be an immediate appeal and this procedure will then take another six months. And vice versa, if it is rejected and that puts the state in a position to appeal the decision and in addition they have their new law to circumvent the permits in terms of time. This procedure could also take half a year. So I suspect there might not be any money from a cautious partner until the summer of 2023. so MT gets the ball rolling itself by not waiting for the money. Maybe that's why we haven't seen him for a long time, he had many stations.
And I want to remind you how long it took to build the relatively small equipment for the pilot plant. Apart from the fact that there are supply bottlenecks everywhere, the equipment for the large factory takes time to build. In order for him to place the order to stay on schedule, he would have to place the order yesterday rather than tomorrow (bit exaggerated). For that he also needs the money as soon as possible. It's not about just opening a mine. The factory theoretically has to be constructed in parallel without final permit for the mine. I'd rather have the permits in our pocket, but I can't imagine it happening any faster than MT is directing (2,5 years instead of 8-10).

So if the decision is made in the fall to end of the year and then the following procedure in one way or another takes until the summer of 2023 and the JV partner would only then make a binding commitment and gives his money, then it is way too late to build the factory.
I can imagine that MT will take the risk itself and under the supervision of the EU, which Musk may not have wanted. But he also has the money.

The release seems a bit complicated to me but that's what BurnVoir is for. I have the feeling that, given the circumstances, it is very good news how the big and whole can be managed independently without a partner who waits until it is too late. Time is running. I don't quite understand it yet but I have the feeling that MT is doing the right thing. Get rid of dependencies, go full throttle and, like Musk in Berlin, present a fait accompli. The longer I think about it, the more likely it is that construction will take place before the permit for the mine becomes legally effective.

I can be wrong about anything and it is just my guess

For me, the movement of the SP today is provided with a big ?

 

[Semmel]

Thank you for moving this to the discussion thread. Yes, I agree that is a possible path. But we have way too few information to know if this is indeed THE path. Your point that funding is too later for being issued after 2023 is probably true. In the current market situation, organizations are sitting on piles of cash and they are very hesitant to part with it because they expect a recession. It is therefore quite difficult for Talga to get funding in a conventional way.

I am sure you are correct with your assessment that funding must come now to be ready in 2024 with production. And permits are too late to keep this timeline. I think MT put the current announcement plan in motion when realized that there is no firm decision before Fall this year. We need funding now to build buildings 2023 and order equipment to be delivered end of 2023 for commissioning by early 2024. Its gonna be tight.

I hope you are correct with that assessment. If you are correct, we will see funding first, before permits and off-takes. Off-takes are probably before permits as well. NV doesnt want to lose out on Talgas product and they are probably the first in line. I continue to believe that Tesla has its eyes on a high silicon content anode, coming from the UK. We have not heard much from that in a while though.

 

[Diogenese]

For me, the three major milestones are approval, JV/funding and off-take. One of these milestones we haven't quite reached yet but we were shown how to reach it => funding.

Maybe the mine and crusher and concentrator is not the bigger of the two challenges. Maybe the mine can be ramped up step by step.

If he does not get the money independently and quickly then everything makes no sense anymore. I think the publication is his far-sighted strategy, which MT has already proven with the pilot plant at Swerim.

The industrial area will soon be ready for construction and it can probably start from spring 2023. The money has to be there. For a JV partner, it would have to be guaranteed that the mine can be opened.
But it has to happen faster than that. So starting in spring 2023 everything has to go very very fast and that for probably for MT in parallel with the permitting process. Summers are short and excavation can't be done in winter but maybe the construction itself once the foundation is in place. In 2023 it all has to come like out of a shotgun, 2024 is quickly reached. The market will not wait forever.
I believe that the time pressure to supply NV has created this financing construct because no major partner is willing to take the risk of building a factory even though there is no permit for the mine yet. So MT is doing it itself.

I would remind you that if the permit is granted and the green light is given, there will probably be an immediate appeal and this procedure will then take another six months. And vice versa, if it is rejected and that puts the state in a position to appeal itself and in addition their new law to circumvent the permits in terms of time. This procedure could also take half a year. So I suspect there might not be any money from a cautious partner until the summer of 2023. so MT gets the ball rolling itself by not waiting for the money. Maybe that's why we haven't seen him for a long time, he had many stations.
And I want to remind you how long it took to build the small equipment for the pilot plant. Apart from the fact that there are supply bottlenecks everywhere, the equipment for the large factory takes time to build. In order for him to place the order to stay on schedule, he would have to place the order yesterday rather than tomorrow. For that he also needs the money as soon as possible. It's not about just opening a mine. The factory theoretically has to be constructed in parallel without final permit for the mine. I'd rather have the permits in our pocket, but I can't imagine it happening any faster than MT is directing (2,5 years instead of 8-10).

So if the decision is made in the fall to end of the year and then the following procedure in one way or another takes until the summer of 2023 and the JV partner would only then make a binding commitment and gives his money, then it is way too late to build the factory.
I can imagine that MT will take the risk itself and under the supervision of the EU, which Musk may not have wanted. But he also has the money.

The release seems a bit complicated to me but that's what BurnVoir is for. I have the feeling that, given the circumstances, it is very good news how the big and whole can be managed independently without a partner who waits until it is too late. Time is running. I don't quite understand it yet but I have the feeling that MT is doing the right thing. Get rid of dependencies, go full throttle and, like Musk in Berlin, present a fait accompli. The longer I think about it, the more likely it is that construction will take place before the permit becomes legally effective.

I can be wrong about anything and it is just my guess

For me, the movement of the SP today is provided with a big ?

Hi cosors,

I would expect that closed door talks about funding are going on as we speak, and it may well be a done deal - pending approvals. So I'm hoping your 6 months is at the far end of the scale.

 

[cosors]

Hi cosors,

I would expect that closed door talks about funding are going on as we speak, and it may well be a done deal - pending approvals. So I'm hoping your 6 months is at the far end of the scale.

Yes, I hope so too.

It's just my pessimistic assumption. I bet that if there is a go, there will be an immediate objection. Some reason can always be found and if it is the reindeer, which are simply not used to crunch a few hundred meters away their lichen or because the tree population right here is absolutely unique. They will come up with something. I have followed some appeals as they were rejected. Since the Cementa case I think only. Some went through in 1-3 months and others took longer to process. I seem to remember that the maximum time allowed is one year - for heaven's sake. Either way, I expect an appeal. It doesn't matter as long as the projects continue. We need the crushed and concentrated material when the factory is finished, otherwise we would have to store it temporarily or sell it unprocessed.

Statement what the plan is until August 31, 2022!
Then the contract with Mitsui expires. And a déjà vu with LKAB on the last day the disappointment I do not need again. So don't let it wait until August. In the case of LAKB, Talga could at least have given us the reasons that LKAB gave to the Swedish press. We had to arduous puzzle it together. Well, at that time we had developed the right theory. It really became too much for LKAB. When you look at what they have planned as our neighbor at the port of Lulea in addition to the other major projects you can understand their decision. I just would have liked to be better informed. They should not give away the chance to do it better this time, if.

What has actually become of the new office? Why weren't they at the Mining Summit, why were there no updates or podcasts for so long?
I'm whining, all right. But they can simply do better.
Imagine the Mitsui MOU expires, we are again informed on the last day, again without reasons. We would be standing there with our pants down. I'm exaggerating here too, but I'm not entirely satisfied with the information policy either. So please an info before the end of August how the projects will be financed.

I'm already stopping

 

[WheresTheMonkey]

I think we might be heading sub AUD $1.00 soon. This selling is not really showing any let up at the moment with downside to persist until we see a much clearer indication of how high interest rates are going. Our old mate Shmah might get his wish to accumulate sub $1.00

Only positive announcements will help the SP significantly otherwise it will be 2 steps backward 1 step forward ...............rinse and repeat

 

[TentCity]

I think we might be heading sub AUD $1.00 soon. This selling is not really showing any let up at the moment with downside to persist until we see a much clearer indication of how high interest rates are going. Our old mate Shmah might get his wish to accumulate sub $1.00

Only positive announcements will help the SP significantly otherwise it will be 2 steps backward 1 step forward ...............rinse and repeat

Yeah a bit unfortunate that this latest market downturn coincides with Talga negotiating financing and offtakes.

Mark has a proven history of avoiding share dilution wherever possible, so Mark will not want to give away a large stake to Mitsui whether it be at the company level or project level. So I’m questioning whether the announcement earlier this week was softening us up for Mitsui not being part of the funding equation to get the project off the ground.

The combination of possible low interest EU funds, Swiss Export Credit Agency courtesy of ABB partnership, Nordic investment bank and at least 1 other European Bank should give a fair chunk of the capex funds. Add in interest from large automotive OEM customers and it is starting to get a bit crowded.

Given our projected IRR/payback period is relatively quick, by sourcing most of our debt funding via these low interest European institutions, the lower share price shouldn’t impact our cost of capital unlike negotiating with a strategic partner to take a stake in the company from a position of weakness.

Look forward to seeing the FEED details from ABB perhaps next week and also first drilling results for Niska Link also due soon as well.

 

[WheresTheMonkey]

Yeah a bit unfortunate that this latest market downturn coincides with Talga negotiating financing and offtakes.

Mark has a proven history of avoiding share dilution wherever possible, so Mark will not want to give away a large stake to Mitsui whether it be at the company level or project level. So I’m questioning whether the announcement earlier this week was softening us up for Mitsui not being part of the funding equation to get the project off the ground.

The combination of possible low interest EU funds, Swiss Export Credit Agency courtesy of ABB partnership, Nordic investment bank and at least 1 other European Bank should give a fair chunk of the capex funds. Add in interest from large automotive OEM customers and it is starting to get a bit crowded.

Given our projected IRR/payback period is relatively quick, by sourcing most of our debt funding via these low interest European institutions, the lower share price shouldn’t impact our cost of capital unlike negotiating with a strategic partner to take a stake in the company from a position of weakness.

Look forward to seeing the FEED details from ABB perhaps next week and also first drilling results for Niska Link also due soon as well.

But would Mitsui allow it's arch rival Mitsubishi to get an edge in Europe ? But then it's upto TLG I suppose to decide on Mitsui or not

As the first step of the initiative, MCHG signed two memorandums of understanding this May toward a commercial arrangement with Syrah Resources Ltd. (Syrah; Victoria, Australia), the world’s largest integrated producer of flake graphite with production in Mozambique and integrated active anode material production in USA, and Mineral Commodities Ltd. (MRC; Western Australia, Australia), which owns an operating graphite mine in Norway and a graphite project in Australia.

Mitsubishi Chemical strengthens production capacity of graphite anode materials in China; possible production in Europe and US

Mitsubishi Chemical Holdings Group (MCHG) will increase the production capacity of natural graphite anode material from 2,000 tons/year to 12,000 tons/year at its Chinese subsidiary Qingdao Anode Kasei and affiliated company Qingdao Lingda Kasei. The production line is scheduled to start...

www.greencarcongress.com

 

[TentCity]

But would Mitsui allow it's arch rival Mitsubishi to get an edge in Europe ? But then it's upto TLG I suppose to decide on Mitsui or not

As the first step of the initiative, MCHG signed two memorandums of understanding this May toward a commercial arrangement with Syrah Resources Ltd. (Syrah; Victoria, Australia), the world’s largest integrated producer of flake graphite with production in Mozambique and integrated active anode material production in USA, and Mineral Commodities Ltd. (MRC; Western Australia, Australia), which owns an operating graphite mine in Norway and a graphite project in Australia.

Mitsubishi Chemical strengthens production capacity of graphite anode materials in China; possible production in Europe and US

Mitsubishi Chemical Holdings Group (MCHG) will increase the production capacity of natural graphite anode material from 2,000 tons/year to 12,000 tons/year at its Chinese subsidiary Qingdao Anode Kasei and affiliated company Qingdao Lingda Kasei. The production line is scheduled to start...

www.greencarcongress.com

Yeah having lived & worked in Japan and worked with both Mitsui & Mitsubishi, it’s a bit like ‘Keeping up with Jones’s’ or should i say keeping up with the Tanaka’s’!! They tend to follow each other and keep a close eye on each other’s developments/investments.

If Mitsui wants into the project, the good news for us Talga shareholders is they won’t have all the negotiations on their terms as Beach likes to portray. We clearly have multiple other attractive debt financing options, that won’t results in significant dilution and therefore forgone profits/dividends when we are say producing 300-500,000tpa+. If Mitsui want in, it may be a smaller percentage than they ideally want (given their size/power) and the terms would have to be attractive to Talga.

Japan has just been way too slow to the EV party so legacy Japanese auto companies likely won’t be the big customers for Talga as originally envisaged. I’m sure they will be part of the equation, but rather the likes of VW, Tesla & auto companies that LTT/Foxconn service as well as ESS manufacturers such as FREYR & Leclanche etc. So, apart from Dr Claudio being located in Japan given the tech know how that resides in Japan, at this stage, I can’t see Mitsui’s connections being crucial to our success given the demand in Europe.

 

[WheresTheMonkey]

I guess we can look forward to these as possible short term catalysts for the SP

Front End Engineering and Design
Following completion of the Detailed Feasibility Study (“DFS”) (ASX:TLG 1 July 2021), Talga has been working with Project partners to complete front-end engineering and design ("FEED") for the Vittangi graphite concentrator and anode production plant in Luleå. The FEED studies are scheduled for completion this month.

Value Engineering
Building on Project optimisation work completed to date by Talga, a formal value engineering process conducted with internationally renowned engineering firm Worley is underway and nearing completion. This optimisation process will refine costs and final equipment details, further enhancing the Project’s already exceptional potential to supply globally competitive green battery anode. The results will be used to support final funding packages in preparation for Project execution and commencement of commercial production in 2024.

 

[cosors]

I think we might be heading sub AUD $1.00 soon. This selling is not really showing any let up at the moment with downside to persist until we see a much clearer indication of how high interest rates are going. Our old mate Shmah might get his wish to accumulate sub $1.00

Only positive announcements will help the SP significantly otherwise it will be 2 steps backward 1 step forward ...............rinse and repeat

 

[Semmel]

If beach is indeed sinister as it seems, then their goal probably is to kill or significantly harm Talga. If they can prevent Talga from getting fresh money they might be able to kill Talga out right. That's why I believe they try to suppress the share price. That's why other alternatives for funding are so dangerous for them, because they have less control about that. I have no proof of anything but that is my impression. Who is behind the is? No idea, short sellers, Chinese, competitors, take your pick.