Re: “Breakup is really about China”
in response to
by
posted on
Jun 26, 2023 01:04PM
Regard the post "break up" with China supposedly to take place sometime in the 4th Quarter of 2023:
The announcement by the company lists Yuan Gao to be a Director of the new Lithium Americas company post "break up".
HOWEVER..... the devil is still in the details.
According to LAC's 26 June 2023 Press Release:
LITHIUM AMERICAS (NEWCO) MANAGEMENT AND BOARD OF DIRECTORS
Upon completion of the Separation, Lithium Americas (NewCo)’s management team will include:
The Board of Directors will include:
A little information about Yuan Gao: Dr. Gao is Vice-Chairman of the board of directors of Qinghai Taifeng Pulead Lithium-Energy Technology Co. Ltd. (“Pulead”) one of China’s leading lithium-ion battery cathode producers and a key player in the lithium-ion battery supply chain. Dr. Gao was previously President and Chief Executive Officer of Pulead and prior to joining Pulead in 2014, Dr. Gao held senior positions with Molycorp Inc. and FMC Corp.’s lithium division. Dr. Gao has a PhD in Physics from the University of British Columbia.
It appears that "the Devil" is still in the details and still in the North American spin off from the present LAC and will be in the "details" of the company management as a viable part of the Board of Directors in the "new and improved" LAC, post spin off.
Prestidigitation for the D.O.E.? I wonder just how this slight of hand will be viewed by D.O.E. with respect to the proposed U.S. "Loan" to the new LAC that is supposed to be devoid of Chinese influence? Do present LAC investors think that D.O.E. will be fooled?
Maybe Yuan Gao plans to be a non voting member of the B.O.D. for the "new" LAC?
Nah, not in a million years.
Deception? Nope. D.O.E. may be a U.S. government entity, but even they are not blind.
I have some concerns about this shell game being played on LAC investors.
Okiedo