I think the cold was always a factor and maybe had a worse effect because they had no fat (in the bank). So the cold was almost like the final straw. Had they had time up their sleeve maybe would have been different. Had lithium been in a bull market may also have been different. I believe their strip ratios were also a problem. What is more concerning is why they have now sat idle for 2 years and half of that in a bull market. Seems very odd ...
I think Canada must find some success, just I am using a 5 to 10 year forecast to effect the supply side.
GXY Price at posting:
44.0¢ Sentiment: None Disclosure: Not Held