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Lithium Drive: Warren Buffett: "In not many years, you are going to see a clear change towards Electric Cars" tnr.v, czx.v, alk.ax, lmr.v, tsla, rm.v, nup.ax, srz.ax, usa.ax, jnn.v, abn.v, res, mcp, avl.to, quc.v, cee.v, sqm, fmc, roc, li.v, wlc.v, clq.v,

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Warren Buffett first pronounced in November 2009: "In 20 years, all cars on the road will be electric" Now we can hear his call on Electric Cars from the Master himself. He has invested in BYD - Chinese auto maker and Lithium battery company, which promise to bring its Electric Cars to U.S. BYD has made later investment in Lithium producer in China. We are in a very good company with our Lithium Dreamz.

  Warren Buffett: "We have an investment in battery powered Electric Cars. I think within not so many years you are going to see huge change to battery powered Electric Cars. But it is hard to see who will be the winner in all that. GM will probably try to compete with their electric car, the Volt.
"Once the guys from Google, Facebook and Twitter will move into Green Revolution our Lithium story will take off into parabolic rise - they have knowledge, technology and understanding that Electric Cars are the way forward. They will need to drive their kids to the soccer games after all, even after Peak Oil which is happening now. We do not know which one of them will make the next Coca Cola in Electric Cars space, but we will be ready with our Sugar business - Lithium will be needed for all of them."

Vancouver B.C.: TNR Gold Corp. ("TNR") and wholly-owned International Lithium Corp. ("ILC") (jointly the "Company") are pleased to announce effective at the opening May 24, 2011, the Shares and Warrants of ILC will commence trading on TSX Venture Exchange.
Key Highlights:

· At the opening on May 24, 2011, International Lithium Corp. will commence trading on the TSX Venture Exchange under the trading symbol ILC;

· Newest Lithium and Rare Metals public company possessing a highly regarded drill ready portfolio of projects;

· 65,901,354 common shares of ILC will be issued and outstanding, of which 27,230,087 common shares will be escrowed;

· Notable share owners of ILC are TNR at 29%, Jiangxi Ganfeng Lithium Co. Ltd. at 9.99% and Non-Executive Chairman Kirill Klip at 10.5%; and

· 12,243,500 Units of ILC sold in related financing for gross proceeds of $3,060,875 representing an over-subscription of 2,243,500 Units.

Please, do not forget, that we own stocks we are writing about and have position in these companies. We are not providing any investment advise on this blog and there is no solicitation to buy or sell any particular company here. Always consult with your qualified financial adviser before making any investment decisions.
"The people in Buffett's small business program are already in business and doing well. They will eventually make it to Montana, but they want to get the curriculum and the fundamentals right. They also need financing, but everything seems to be coming together. 

Usually, the local bank or people who are already in business in your area are the first places to go to to look for financing for your new business. There are definitely loanable funds available on the banks balance sheet. Wells Fargo certainly would love to lend out 50 billion dollars in loans. But you need some equity yourself, just as if you were going to put a down payment on a house. But if you have some equity, you have a good business idea, and you have the right people running the business, then you should be able to get financing for your business. 

Buffett doesn't have a lot of investments in emerging energy technologies. He typically goes with simple proven businesses. But in not many years, you are going to see a clear change towards electric cars. But it is hard to see who will be the winner in all that. GM will probably try to compete with their electric car, the Volt. 

In general, you should play to and exploit your own strengths. One of the strengths in Montana is its coal reserves. Montana could also become more productive with farming. The main thing that you need is a prosperous country. It will be hard for a particular state to prosper while the other 49 suffer. But this country will be more prosperous. We are coming out of the recession. The things that have worked for this country the past 200 years will continue to work into the future. 

Omaha used to be a railroad and livestock center. But it transformed to an insurance center. If you have a knowledgeable insurance department, then you will attract many insurance companies.

Microfinancing is a great initiative that has helped many entrepreneurs around the world. Berkshire Hathaway is also one of the biggest providers of affordable housing in the world. In Philanthropy there is no market test. Part of what Buffett and Gates want to do is to do philanthropy better than it has been done before. In 20 years, philanthropy will not only represent a bigger piece of the pie, but it will be directed much more effectively. The idea is to figure out how philanthropy can get at problems that the private sector hasn't been too good at attacking."
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