Well facts are:
- the plant can produce battery grade lithium carbonate; Although the percentage is not good enough it is improving.
- the throughput has been steadily increasing before the shutdown. Not 17k ton yet sure but getting there and so far nothing indicating this can not be achieved.
- the market is there and price is good, which means any production would turn into quick profit and cashflow.
To me, if the management could stop wasting precious time, effort and especially cash on Sal De Vida, just for a while, I'd prefer lending a bit more help than seeing the whole thing sink.
Let's say they need 20m more working capital which means if each share of existing shareholder provides 4 cents more they'd be O.K. This for sure would mean dilution but at least it's better than cheap selling to ECE.
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