Let us wait until after the 15th Aug when the 88 mil share sale authority lapses. If what you say is correct, then this date will not make any difference to share price.
My contention is that it will and if the 88 mil shares are not sold that the SP will get a lift., so let's wait & see.
If GXY is not diluted further by mid August , then I'll consider buying back in so you may be then stuck with me as a significant shareholder!.
I sold out when I realised the potential dilutionary impact of the HK cap raise/listing.
Regarding vertical integration/disintegration:-
GXY made a mistake in not selling the first two shipments of spodumene when it obviously knew that the carbonate
plant was delayed and not ready to take feed stock. This would have provided useful cash (approx $9 mil)* & given the market info re the real market value of its spodumene product. The notional transfer value of $238/ton is questionable.
This is the temporary weakness of GXY's vertically integrated model because it depended on the weakest link which in this case was the timely completion of the carbonate plant.
Cheers
Moorookamick
PS: the battery technology deal as announced today, while interesting, is not very relevant to current SP because the battery plant is so far away. GXY has to prove its profitability first up to the production of carbonate for the market to appreciate value. MM
* My estimate of 30,000 tons @ $A300/ton.
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