Yes its a very dangerous situation.
Rio will have had a massive head-start on GXY in lithium and have had years to get ahead with contracts and production and experience.
When I think of lithium - the word Rio just comes to mind immediately.
We will have to get going straight away on finding assets and getting a team that can run hard-rock and brine operations.
They say this lithium stuff is going to be used in batteries and its time to get on board.
We really should look at doing something in this space.
Very very concerned.
GXY Price at posting:
48.3¢ Sentiment: Buy Disclosure: Held