This will be brief since this ground zero and this #SPAC was just announced No technical Analysis since chart is so fresh and I just wanted to get this out before it starts going crazy
I will address a few reasons why I think this will be the biggest #SPAC of 2020 and 2-5 X bigger then my VTIQ (NKLA) call which went 10 X
1. Rare Earth Minerals - needed by all the major #EV companies MP Materials supplies materials essential to electric vehicles makers like TSLASPAQNKLA etc, wind turbines, defense systems and many other advanced technologies
2. With Geo political tensions on the rise with #China MP Materials (FVAC) is the only rare earth supplier in the USA .. HELLO TSLA . If China had a embargo TSLA and other companies would have to rely on FVAC for all rare earth minerals
3. Chamaths latest SPAC acquisition and everyone and their brother wants to be invested with Chamaths , he brings a strong investor base to companies and has a track record of success In addition supported by Omega Family
4 Combined company to have an estimated post-transaction equity value of approximately $1.5 billion with over $500 million in net cash1 to fund growth strategy - A well funded company able to execute and take advantage
I could go on and on so just going to post some links that will help you on your own DD but it could be as simple as this TSLANKLASPAQNIOSHLLKNDI They all need 1 thing ... "Rare Earth Minerals"
FVAC.WS FVAC is the only US company capable of breaking the #Chinese monopoly on them
FVAC.WS Is going to even bigger then my 10 x call on NKLA
Once the Stage 2 project has been completed and MP Materials is producing separated rare earth oxides, the company intends to sell its products globally. In particular, MP Materials believes there is demand from market-leading magnetics businesses in Japan, as well as demand for other separated rare earths in Southeast Asia, Europe, and some in North America. Further, MP Materials believes that U.S. automotive OEMs and other industrial businesses are increasingly looking to procure critical materials directly in order to supply their current and future downstream facilities in the U.S. and globally.
About to make my first purchase tomorrow. A lot key elements to this company
1. Mountain Pass in CA
2. Free ourselves from China
3. The demand will increase for defense companies and green companies
Once the Stage 2 project has been completed and MP Materials is producing separated rare earth oxides, the company intends to sell its products globally. In particular, MP Materials believes there is demand from market-leading magnetics businesses in Japan, as well as demand for other separated rare earths in Southeast Asia, Europe, and some in North America. Further, MP Materials believes that U.S. automotive OEMs and other industrial businesses are increasingly looking to procure critical materials directly in order to supply their current and future downstream facilities in the U.S. and globally.
About to make my first purchase tomorrow. A lot key elements to this company
1. Mountain Pass in CA
2. Free ourselves from China
3. The demand will increase for defense companies and green companies