Banter and General Comments, page-5256

Agree,

GXY were drilling within walking distance of where GLN were drilling and announced record high Lithium content 2.5 months ago. GLN even tweeted a photo at the time showing the GXY drill in the background:
https://twitter.com/GalanLithium/status/1090133120202883072/photo/1

No way GXY didnt get good results being so close to GLN's confirmed 800mg/l+ hit - it would be staggering if GXY didn't record a great hit there too.


@Facthunter I would sell too mate - I hate that they don't share more detail, except I see management's silence as quietly confident in the long run and strategically quiet in the short run. E.g. letting this go down to a level, while they line up pieces like SdV resource, SdV development, SdV partner, SdV offtake, Mt.Cattlin/LPD processing tech partnering, capital management/buyback, corporate activity etc.

In short (haha pun unintended), I think AT's advice to not get caught on the wrong side of the trade may still be apt advice.

All it takes is one announcement that they probably have in their back pocket and they could kill and entomb shorts who are starting to get a little over confident IMO. It takes serious balls to open a new short at this level considering a MC of ~ $750m, $400m in cash pre tax ($300m in cash post tax).

That values SdV, James Bay, 12% of LPD, the Mt.Cattlin operation (now yield optimised) at $350-$450m.

What a joke!

AJM (Altura) has a ~200,000 tpa operation that they are still bringing up to production, production cost of $600/t+, no other assets,<$15m cash, and not particularly long life asset either...worth $500m inclusive of debt...


I take that back, not a joke, rather a fantastic buying opportunity.