General: Share Price, Trades and chart related discussions, page-1170

I agree there's no need to bash NMT, I'm sure they'll do just fine with regards to income from the sale of spodumene from Mt Marion. The SP was looking mighty tempting before Friday!

Some thoughts though.

Payment to GXY was less than $18m because 25% less was contracted for 2016 in the end. All $13.5m of the pre-payment ended up with GXY as will the final US$13.5m in December along with cash for anything else available for sale - possibly on the spot market. The only issue was the reduced amount due to delay reducing 2016 production. I think they would have taken whatever was on offer if that was the only option but it obviously made sense to all stakeholders (except perhaps demanding SHs) to upgrade the plant before processing and shipping.


Rain doesn't stop production, it stops construction. You can't run the circuits while you're performing major works on them. You will note the rainfall charts from the BoM I posted earlier in the thread. The difference between both locations is quite clear. This is actually an advantage for RIM.

In hindsight, I suspect GMM might have been puffing themselves prior to the takeover with the September shipment date. And of course the merger and upgrade had their effect from there. The weather is clearly at least a part of the reason for the delay. There are several others that are also reasonable. The point is unless there's evidence that current GXY management clearly acted incompetently, on what basis can one criticise them? Perhaps the worst thing is not keeping the market informed, but that doesn't necessarily mean they are managing things poorly. I think totality of events over the last 12 months demonstrate the opposite.

I still really don't understand why consolidation is ever more than a secondary issue (for any stock). My understanding is the only issue is the psychology of having an SP under 1 unit and perhaps the influence this has on the requirements of some institutions. 1.75b or 175m, both are very large numbers. I'm not against it but it doesn't really bother me. Curious though and happy to be enlightened.