The suggested board change is very unlikely to happen.
I think the main issue currently faces, is capital management, to avoid further dilute shareholders at the bottom of the lithium cycle. If not able to secure funding, it'd be better off hibernating for a year, then restarting while market condition is improving.
Otherwise, to hire a reputable deal maker like Macquarie, HMW should not be that hard to find a partner, imo.
Ganfeng, announced to inject US$600m into their overseas investment vehicle last week, with purpose to develop overseas lithium projects and to acquire more lithium projects.
I suspect around US$400m is likely for Goulamina project, will still have enough fund left to acquire projects.
BTW, current lithium price cycle by and large is in line with what iron ore price cycle happened during 2016, everyone is doomed, that's where the big opportunity emerges.
All the best!
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