It says: Subject to government approval to reopen the site, the Jiangsu lithium carbonate plant would likely restart operations in early February.
Personally, before buying back in, I will wait until: - due diligence is complete for CR - lets hope our financiers can get a visa! What happens if the application is lost in the mail? - plant is actually up and running (not planned to be up and running) - some information on compensation for killed and injured worker is provided - some information is provided on speculation about power failure - some guidance is provided on full ramp up date. They were only at 30%, and now they have to start the whole process again. When will we be close to 100% - end of 2013. - costs for reopening mine in WA is provided.
It really is a raise against time, especially if they can't get the money through the announced capital raising.
GXY Price at posting:
13.6¢ Sentiment: None Disclosure: Not Held