The BMW i3 Concept Coupé is a study for sustainable premium-class motoring with zero local emissions. Beyond this, the three-door model employs the design idiom that has been created especially for the BMW i cars to convey an undeniable sense of dynamism and driving pleasure.The BMW i3 Concept Coupé shows the ongoing development process for getting the first ever all-electric model from the BMW i brand ready for series production."
BMW can make Electric Cars really Fashionable and its use of carbon fibre in order to reduce weight and size of the Lithium Battery could be an interesting approach to Unlock Mass Market for Electric Cars.
"Money Talks in this business world - Talison Lithium will be Taken Out By Chinese Tianqi, in order to Break The Oligopoly in the Lithium market and Secure This Strategic Commodity Supply for the basis of The Next Industrial Revolution. Rockwood Holding has now five business days Right to Match the Offer from China."
While we are reading the bashing of Electric Cars from "journalists" still using typewriters and Oil Fuelled Lamps to provide The Guidance, Silicon Valley Heroes like Elon Musk are making The Future. But can they succeed Alone vs Big Oil?"
"Please meet the Baby Electric BMW i3 - it looks very nice and solid. Actually, it is that rare occasion when the real car looks better then its prototype. The prototype had a "plastic feeling" for us - this one looks like a Real Bimmer.
"It is an Education Time for Electric Cars.Tesla Model S will turn the heads on the street, but we need EV mass market, which can be started with 200 miles Range and the price below $20,000. We are getting there with Every Electric Car on the street - mass volume will bring the prices for Lithium Batteries down."
Electric cars are Not Toys any more, Electric Car Formula E racing will bring this revolutionary technology on the TV screens and, as with all auto makers, new ideas will be field tested on the racing tracks first and then will make its way onto our driveways. We like this Energy - this guys are pushing Electric Cars racing for Real now!
"Money Talks in this business world - Talison Lithium will be Taken Out By Chinese Tianqi, in order to Break The Oligopoly in the Lithium market and Secure This Strategic Commodity Supply for the basis of The Next Industrial Revolution. Rockwood Holding has now five business days Right to Match the Offer from China."
While we are reading the bashing of Electric Cars from "journalists" still using typewriters and Oil Fuelled Lamps to provide The Guidance, Silicon Valley Heroes like Elon Musk are making The Future. But can they succeed Alone vs Big Oil?
"The world is changing. An appreciation of our finite resources and the impact we have whilst using them is well documented. Sustainability is not only the phrase of the moment, but the mantra of tomorrow. As one world together, we must shift our habits and generate change."
"With two years of Nissan LEAF sales just completed, the company today announced the launch of the United States' largest lithium-ion automotive battery plant in Smyrna, Tenn. The facility -- which is making battery components for the ramp-up of production of the all-electric, zero-emission 2013 Nissan LEAF early next year -- is one of three of its kind in the world operated by a major automaker."
It is coming, it is coming. We need Tesla Motors to lift the Bar for the Mass Market Electric Cars with Its Generation III now.
"CS. If you have the Feeling that your children are losing something - you could be right this time. The last opportunity to Escape the Civil War, which will follow The Break Down of the Social fabric in the Western Society is fading by the hours now, not even years.
CS. If you have the Feeling that your children are losing something - you could be right this time. The last opportunity to Escape the Civil War, which will follow The Break Down of the Social fabric in the Western Society is fading by the hours now, not even years.
Money Talks in this business world - Talison Lithium will be Taken Out By Chinese Tianqi, in order to Break The Oligopoly in the Lithium market and Secure This Strategic Commodity Supply for the basis of The Next Industrial Revolution. Rockwood Holding has now five business days Right to Match the Offer from China.
We have here the Fiscal Cliff, Billions in Subsidies to the Big Oil, The Best Democracy Money Can Buy and The Pile of Never To Be Repaid Debt for our children. China has a military level long term planning and strategic plan to leapfrog the Technology of 19th century based 100% on Oil with Internal Combustion Engines (ICE) to the 21st century Technology based on Electric Cars with Diversified, Multiple Choices for the Energy Transition based on Distributed Local Energy Production and Smart Grid.
Once you have removed out Your Very Own and Very Inefficient Energy Production Plant from your Car (ICE) - you are talking about Energy Production on the Industrial Scale with much better Cost Efficiency and Pollution Control. Your options include: Nuclear, Gas, Hydro, Geothermal, Wind and Solar Power among others. The only problem left is the Cost Efficient Storage of Energy - now we use the Dinosaur Poop called Fossil Fuels or Oil. It has a very High Energy Density and ICE inefficiency is compensated by the very High Energy Density of Gas. You are moving to your office cubicle on Thousands Controlled Explosions per minute under the Hood, losing Majority of produced Energy on Heat and Killing Yourself Slowly and those around you with the cancerous pollution.
Everything has changed with the invention of Lithium ion batteries. They have allowed the Dream about Electric Cars to come True and Tesla Motors with The Best Electric Car demonstrates what can be achieved here.
Now it is time for the Manhattan project, like with Atom Bomb, Federal Roads System and Internet Backbone Infrastructure - to bring the Volume and make it Cheaper and affordable to All.
Technology is here - Tesla Model S; now it is time to make it for All and maybe here is the problem: Somebody Does Not like to give Subjects The Real Choice?
If our Local Boyz from the level of Mitt Romney will be Fracked by Big Oil and call Tesla Motors: "Losers" - with "Made in USA" The Best in The World Electric Cars - we Do Not have Any Real Choice. We hope that we can still Joke about Guyz like Mitt if they can Joke about Our Future in this country.
While we are reading the bashing of Electric Cars from "journalists" still using typewriters and Oil Fuelled Lamps to provide The Guidance, Silicon Valley Heroes like Elon Musk are making The Future. But can they succeed Alone vs Big Oil?
China is Executing the Long Term Plan to Become The Leader in Production of Lithium Materials (already there), Lithium Batteries (almost there) and Electric Cars (will be there - just check your iPhone and iPad on the back).
If it reminds you the Military Planning: How to Survive the First Strike, of the Peak Oil this time - It Is Exactly The One in the making. Who can call The CIA for the God's sake and our Society Future? They can check some business cards from March of 2010 Strategic Materials Conference Meetings in Washington, DC.
“Talison Lithium Limited ("Talison" or the "Company") (TSX:TLH) announced that it has today concluded its discussions with Windfield Holdings Pty Ltd, an Australian incorporated wholly-owned subsidiary of Chengdu Tianqi Industry (Group) Co., Ltd (together "Tianqi") and reached agreement under which it is proposed that Tianqi will acquire the balance of the ordinary shares that it does not already own and options in Talison by way of schemes of arrangement for a cash consideration of C$7.50(1) ("Tianqi Schemes").
Highlights
The Tianqi Schemes constitute a superior proposal(2);
C$7.50 cash offer for each Share
US$25 million cash deposit paid by Tianqi in an Australian bank as a reverse break fee
Minimal conditions
Talison Directors unanimously recommend Tianqi Schemes, in the absence of a superior proposal
Talison and Tianqi have entered into a Scheme Implementation Agreement ("Tianqi SIA") with minimal conditions, subject to Rockwood's 5 business day matching right
Rockwood has a 5 business day right to match, although Talison notes that on November 20, 2012, Rockwood made a "best and final offer" statement which, under Australian policy, is expected to limit Rockwood's ability to increase its offer
If the Rockwood SIA terminates, Talison expects to pay Rockwood a C$7 million break fee
Tianqi Proposal
Background
On November 19, 2012, Talison received a non-binding, conditional proposal from Tianqi to acquire all of the Shares of Talison which it did not already own for C$7.15 per Share via a scheme of arrangement.
On November 21, 2012, the Talison Directors determined that to meet their fiduciary duties Talison would engage with Tianqi and its advisers to determine if the Tianqi proposal represented a superior proposal (as defined in the Rockwood Proposal).
On November 23, 2012, Tianqi received notification from the Australian Foreign Investment Board (FIRB) that it has no objections to Tianqi's proposed acquisition of Talison. Following receipt of this notification Tianqi would own 19.99% of Talison's issued share capital.
At the conclusion of negotiations between Talison and Tianqi an offer price of C$7.50 per Share was agreed. This values the equity of Talison at approximately C$848 million on a fully diluted basis.
Recommendation
The Talison Directors have now considered the Tianqi Scheme and determined that it represents a superior proposal (as defined in the Rockwood Proposal).The Talison Directors therefore unanimously recommend that Securityholders vote in favour of the Tianqi Schemes, in the absence of a Superior Proposal (as defined in the Tianqi SIA) and subject to an Independent Expert concluding that the Tianqi Schemes are in the best interests of Securityholders. Each of the Talison Directors intends to vote the Shares and Options held or controlled by them as at the registered holder record date in favour of the Tianqi Schemes.
The cash consideration of C$7.50 per Share offered under the Tianqi Scheme represents:
A 15% premium to the consideration under the Rockwood Proposal of C$6.50; and
A 77% premium to Talison's last closing price of C$4.24 on August 22, 2012, the day prior to the announcement of the Rockwood Proposal.
Resource Capital Fund IV L.P. and Resource Capital Fund V L.P. (collectively, the "RCF Funds") have each confirmed to Talison that, in the absence of an offer which the RCF Funds determine is superior, each of the RCF Funds intend to vote in favour of the Tianqi Share Scheme in respect of the Talison Shares held by them at the relevant time."
"Higher and Binding Bid from $7.15 to $7.50: Winfield Holdings Ptd Ltd (Winfield), which previously had a non-binding $7.15/sh all-cash bid for Talison Lithium Ltd. (Talison) increased the bid to a "superior proposal" of $7.50/sh in cash. Talison's board of directors and the largest shareholder, Resource Capital Funds, recommended the bid and stated they would vote in favour of the new offer in the absence of a higher bid. We find this as positive news, and it gives comfort in the acquisition being completed. Additionally, as previously stated, Winfield received all Chinese approvals for the acquisition and also received Australian Foreign Investment Review Board (FIRB) approval. The expected timeline to finalize the deal is the end of February 2013, or three months from now. We maintain our TENDER rating and raise our target price to $7.50 as the new binding offer price is released.
Bidder Showing Commitment: As a sign of Winfield's commitment to completing the deal, the company will put US$25 million in a trust fund in an Australian bank. The capital is paid to Talison if Winfield is unable to reach an agreement. We believe this additional US$25 million added to the already 19.99% ownership stake in Talison shows a significant commitment of over $150 million in the company. This gives us comfort that Winfield is serious about the strategic asset to build its existing lithium processing business. We believe that the company may vertically integrate Talison's operation with its downstream lithium processing company, Tianqi Lithium Industries (SZE:002466, Tianqi).
A Higher Bid Is Doubtful: Strategically, this acquisition for Winfield makes sense. Its related company, Tianqi, is currently dependent on Talison for its raw material and is also a marketer of Talison's material in China. With a market cap of US$575 million, $30 million in cash and US$7 million in income, the acquisition will be significantly accretive to Tianqi's Chinese lithium operations. This is why we believe Winfield is willing to bid $7.50/sh. Additionally, with Rockwood's final and best offer of $6.50/sh, we believe there is limited room to submit a higher bid.”
---Jonathan Lee, MBA
Battery Technologies and Materials Analyst: Byron Capital Markets
"Patience and perseverance have a magical effect by which difficulties disappear & obstacles vanish"
--- John Quincey Adams
As a student of the market I have to say that I am extremely impressed with the chess game that Sichuan Tianqi Lithium Industries Inc. (CH: 002466) ("Tianqi") has played in its pursuit of Talison Lithium Ltd(TSX: TLH). Going head to head with NYSE specialty chemical giant Rockwood Holdings Inc. (NYSE: ROC) (which announced its own unsolicited $724,000,000 all cash bid for TLH back in August) - Tianqi (Talison's largest buyer of Lithium concentrate) quietly acquired 15% of TLH for approximately $6.50 per share. Following this announcement Talison received a non-binding, conditional proposal from Tianqi to acquire all of the Shares of Talison for $7.15 per share on November 19, 2012. Negotiations between Talison and Tianqi resulted in an offer price of C$7.50 per Share. This values TLH at approximately C$848 million on a fully diluted basis.
Tianqi's bid of C$7.50 per Share represents:
A 15% premium to the Rockwood bid of C$6.50; and
A 77% premium to Talison's last closing price of C$4.24 on August 22, 2012, the day prior to the announcement of the Rockwood bid.
I am an advisor of Talison Lithium Ltd. (and formerly of Salares Lithium Inc.) and own shares in the company. As always please do your own due diligence."
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