Maybe the paper is right after all connecting the dots between Magna move into Lithium sector and TNR Gold market move with coming spin out of International Lithium. Investors need assurance that industry insiders like Magna believe in Electric Cars, have chosen Lithium to power its batteries and they are looking at Argentina to provide lithium for this. It is like profiling International Lithium after all with its portfolio stretched from Argentina to Ireland with noticeable holdings in Nevada and Canada. Company lacks the public recognition, but not the substance with its treasury and team busy to unlock "shareholders value". This is why we are biased by holding this company: we like professionals busy building their business and staying away from the cheap hype - journalists and analysts will find the story once it is ready to bloom.
Please do not take anything as an investment advise on this blog, as usual.
"Our driving force in Lithium and REE sector is out in the market. Consolidation is under way and deals are in the air. All Lithium sector is on the move recently: Western Lithium WLC.v hit 2.0CAD and TNR Gold / International Lithium TNR.v is breaking out of 0.3CAD range. Our consolidation stage could be over with Detroit auto show in the spotlight: industry insiders are taking positions now - automakers are coming into our Lithium game with further consolidation to secure supply."
The Vancouver Sun:
"Magna International climbed 58 cents, or one per cent, to $60.60 after it reportedly made a $10.5 million equity investment in Lithium Americas that gives the auto-parts maker guaranteed access to lithium in exchange for an interest-free loan. Vancouver-based TNR Gold jumped a nickel, or 16 per cent, to 36.5 cents, its highest level since April 2008. The company plans this quarter to spin out its lithium exploration properties in Argentina, Ireland, Nevada, northern Ontario and the Northwest Territories into a new public company called International Lithium."