As a mining Co, GXY needs to obtain the best possible price for their product. As a manufacturer, Tesla need to obtain the components that make up their car as cheap as possible.
A J.V as good as it may sound with a car manufacturer or for that matter a battery manufacturer, to me seems to be detrimental . A J.V with a mining Co would make more sense possibly. No J.V. is ideal, but raising capital will be difficult
So is our destiny similar to maybe KDR We have the resources, we are at the right price. I would love for GXY to finish what they started, but the longer this goes the more likely we will be swallowed up by a bigger fish. Hopefully the price of Lithium has regained by this point. and we receive a fair price. Happy to be wrong and will be holding my remaining shares till the end. All the best to all
GXY Price at posting:
85.5¢ Sentiment: Hold Disclosure: Held