the 170 million$ debt is not our biggest problem.. IF the Jiangsu delivers positive cashflow they are able pay down a part of the existing debt and later restructure the remaining part of the debt from time to time ... most companies in the world are operating with 70-80% debt within the balance sheet..
..the problem here is: we need a minimum production of 15000 tonnes/year battery-grade lithium ,better the 17000 tonnes (design of the plant).. 800 tonnes per months are not enough. Now the question is: why this plant is not able to work on full capacity? 2-3 months ago after a presentation of the new ceo someone told us here..they need to do some fixes (costs 5 million$) to bring this plant at full capacity...someone here has a clue?
Add to My Watchlist
What is My Watchlist?