Having lithium for export right now would appear to be like having a hot chip ready to throw at seagulls. We know GXY has an exceptionally capable team at the helm, so if they fail to receive payment (or find another customer) in due course it will be indicative of the state of the lithium buyers market; affecting 'all', not just of GXY in isolation. So how does that rub on Aussie lithium projects that are entirely speculative and non-producing at the moment? If we face a big short, surely they face going to zero?
Anyway, that's not going to happen. Big money transfers like this require a lot of paperwork, a lot of signatures, and timing will be at the strategic behest of both parties. And any confirmatory announcement will be made when the opportunity is right for maximum SP impact. For all we know, they could have already been paid.
GXY Price at posting:
43.0¢ Sentiment: Hold Disclosure: Held