GL1 Megathread, page-1092

I think @dawgfather makes some fair points to consider

Yes the macro conditions are definitely playing a part, and also lithium prices are trending down too which isn't helping.
But i feel like GL1 appears to be getting hit harder than the others, and there may be some reasons for that hidden in the scoping study

The scoping study brought to attention a few things that i've seen people talking about:
1) The CAPEX (if i remember correctly its over $400M?). That's a pretty big CAPEX and GL1's MC falling towards $300M isn't a good look. Investors may be worrying about dilution, etc?
2) The strip ratio. Due to the nature of the pegmatites at Manna, the strip ratio isn't good (a lot of waste product)

I've checked the broker data and the latest data is showing Canaccord as the biggest seller, incase anyone is interested


Hopefully the new drilling campaign testing the regional areas of Manna will provide a positive result and expand the resource which would be great for the SP. If lithium bottoms out and stabilizes then all lithium stocks including GL1 will start to move in a positive direction

I think the company should consider selling Archer and using those funds towards developing Manna as Manna is the main project here now, and that would remove the dilution fears investors may have.

And maybe if something develops from these talks late last year:
looking at some downstream options. We feel the best way to pursue that downstream strategy is by some level of partnership.“So we’ll bring the raw material, and our partner will bring the IP and also a significant level of the capital required to develop the downstream piece. So that’s likely the preferred course of action we’ll take and, again we’re in discussions already with some some likely partners in that space. So there’s something to look forward to next year.