posted on
Nov 02, 2023 09:34PM
Message: Meger
stanbork: "Both Companys announced that shareholder's cost of old Lac should be apportioned as NewLac at 64% and LAAC at 36%."
Thanks for that apportion information. I believe someone else has posted that previously, but I didn't pay attention to it at that time. Now have the numbers embedded in what little memory I have left.
As for "weak hands". Have had a grip on this company since Western Lithium days and still have over 95% of my original investment. Yes, my hands are "weak", but that is what a 15 year "investment" and old age will do to a person. As for moving the Goal Post, I have seen Jon do that too many times to count. On the other hand, flexible "Time Projections" are just part and parcel to any investment in a company "in development", especially when that company is a mining company.
You made some good observations, but time has a way of tempering excitement in an investment the longer that commodity is stretched out.
You will undoubtedly remember the excitement of most LAC investors earlier this year when we were all waiting on a hopeful positive decree by Judge Du? There have been many positive "Milestones" on the path of LAC over the years and during the pre-LAC Western Lithium days. So many different times when investors were "Excitied" about what is now LAC/LAAC. Certainly a positive decision by the U.S. 9th Circuit Court of Appeals would have lit the fuse on the LAC rocket, no? Then if nothing else certainly the split into LAC and LAAC would have provided kinetic energy to the long history of LAC potential energy related to the share price, of course!
But, then it didn't happen that way.
I think you will find that most of the members here have a "Long" perspective when it comes to LAC and now to LAC/LAAC.
When you say: "I still have belief that we are going to get the Gov financing of at least 1 Billion but hopefully more", you are using the same sort of language all of us have used at one point or another, actually at multiple points in the evolution of LAC (now LAC/LAAC) over the years. So far "hopefully" hasn't been very successful in generating ROI. Then again, there is always tomorrow. IF the DOE Loan goes through, IF any subsequent court challenge such as the new "Snail" Nail in the LAC coffin proposed by the wacko environmentalists dissolves in the FOG, IF Thacker Pass actually does go into production sometime in 2026, IF there isn't a world wide re-evaluation of hoping onto the BEV train, IF the 9 million "other guy" proposed lithium mine locations are all bogged down in the harsh realities of what it takes to go from lithium mine "in development" all the way to lithium mine "in production" before Thacker Pass crosses that threshold, IF the price for lithium carbonate and lithium hydroxice doesn't undergo a more drastic cut back in support prior to Thacker Pass production, IF no new technology makes lithium powered BEV's obsolete and on and on and .... well, on.
The "IFs" are just part of investing, any investment, and part of investing in lithium mining in particular. It was risky for those of us who jumped on the Western Lithium train prior to 2015 and for those who have jumped on the LAC train since then and the newbies who jumped on the LAAC train. Change is part of life and "hopefully" those changes coming forth during the rest of 2023 and through 2024 (and if we are really lucky, through 2026 and 2027) will all be beneficial to LAC/LAAC and to their investors... "hopefully".
For myself, I can no longer wave the LAC pom poms. I just have to wait and see where the future takes LAC/LAAC and me... and you. Waiting is the real price of admission to the LAC/LAAC train ride.
Best to all LAC/LAAC investors. "Hopefully"
Onward through the FOG!
Weak Hands Okiedo
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