Death Spiral, page-8

Based on the information on its financial statements, the cash the company has could sustain it until the end of June next year. If they manage to solve the problem too late, additional capital raising would be necessary.

However, I am not so worried about the production and management. It's not some cutting-edge high-tech thing. The poor plant performance can and will be solved sooner or later. If we believe what the company said recently, it has been partly solved already.

Even if they still cannot solve the problem around the mid of next year, another round of capital raising is painful but not the end of the world.

PLS is not the only Lithium company hit heavily recently. The other companies that "are still making money in this environment" are not doing well too.

For resource industry, the most important thing is always the quality of the resources underground. PLS has the potential to achieve a cost lower than most players in the field.

I am not saying there is no risk. Considering the price of Lithium products is still dropping quickly every day, it is indeed hard to hold faith.

A serious question: Is there another pure Lithium company we can buy on the market with lower cost potential? I only looked into several so not sure about this.