Jul. 31 at 8:47 AM
$PLL IMO, with the pending merger, investors must realize the North Carolina project will not add any upside to the merged company and will most likely not ever happen, period. PLL is actually selling land sites today which they bought for the proposed mine site. The ongoing maintenance and taxes for the site will be a heavy liability on the balance sheet for many many years. The NC Mine permit is a contingent permit and worthless without an air and water permit which PLL never received. Keep in mind the newly merged company will be based in Australia (not a US based company) and that does not sit well with local, state and national decision making officials who will not provide the necessary and required heavy I-3 industrial zoning in a residential neighborhood without access to municipal water. Investors should move on and drop this stock focusing on true green lithium providers with investment in DLE and not hard rock open pit environmentally destructive companies like this.
