Banter and General Comments, page-8330

I said many moons ago that GXY management are probably one of the worst for an ASX200/300 company. That was at least a year ago. They have gone a long way to vindicating that stance. There are so many red flags at GXY you could be mistaken for being at a Chinese international soccer match. A leopard doesn't change its spots. Sure the sector is down the gurgler and the fundamental rug has been completely pulled from underneath it with plummeting lithium pricing and demand that hasn't met expectations, but the company itself has gone a long way towards playing its part in its demise.

What you have now is a tiny producing asset and two undeveloped assets that appear to be going nowhere in a hurry. You could be left with two half-baked projects, no money left in the bank and no road to either project being completed because there is no demand for the product because the incumbents are supplying enough to meet demand. This is a scenario not as far-fetched as you may think. Sure EVs are going to grow, but if growth doesn't live up to the hype, this could easily become a reality.