GXY 0.00% $5.28 galaxy resources limited

GXY bid for NAL, page-12

  1. 8,739 Posts.
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    That's right @Cadel and what you have said has been predominantly on my mind.

    How can we speed up getting into Canada.

    Nemaska looked to have created a spider web that I struggle to understand and I wouldn't be surprised if Pallinghurst walk away. Their share price dropping below 25c is an indicator to me that the market has woken up to the fact that these guys at Nemaska have kept asking for more and more money and the share holders have in my mind been hung out to dry.

    NAL would work well for us, predominantly for the converter. I think that's a big plus as that would reduce some costs if picked up cheaply.

    Val-D'oR though as a mine is pretty crap, but I think looking on the positive side we have been able to make Mt Cattlin work well for us, why couldn't we do the same elsewhere particularly if we have our own converter tied to it.

    Guy Bourassa will tell you, (Its even been quoted in the news) that its incredibly difficult to make a spodumene mine work in Canada because all the converters are too far away in China. That's why they worked with the Canadian government on Shawinigan.

    The Canadian government would like to see lithium production from their country. Take a look at Lepidico that was looking to build a converter (L-max) in Sudbury, though the problem for that plan is that Lepidico are needing approvals to come fast and that's why they are leaning more towards Abu Dhabi. @Sharpey can vouch for me there if needed.

    But picking up a converter already in country which my sources tell me is a good one, then a mine which is pretty crap but we can make it work whilst James Bay comes online.

    I realise I write mainly about things that are not tied to chasing a few pips, I am more focussed on where the company is going and bringing together all the pieces of the puzzle.

    But this to me it's a no brainer and I like yourself @Cadel, I be disappointed if Galaxy didn't step up to the plate and offer them selves as a solution to the ongoing Lithium failures in Canada.

    I think you're right @AOF, I am obviously wasting my time here talking about it so perhaps I should reach out to the Board of Directors. Cheers!
 
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