Ann: POSCO Transaction Complete, page-213

AT is a businessman, not the CEO type operator imo. Just look at his first move as MD, he sold the hydroxide plant of Gxy. So let him make a lot of money in whichever way he wants. Selling lithium realestate, invest in companies, pick up tenements or companies and flip them. Yes just keep doing deals. There’s no point working hard 300 meters underground at 40 degrees centigrade because the market are full of shorters and manipulators. Now Gxy is cashed up. WRT to the Argentinian lawyer, I believe she orchestrated or help navigate for Gxy the best possible outcome. Try making $280m or $280k profits on asx and we’ll see what the ATO will do....... in the end you’ll probably end up with just half of your profit. It’s an outstanding outcome that Gxy had to pay only a few pennies to the Argentinian’s. Holders are unhappy only because the SP didn’t rise.
There are boxers who don’t really Box, they just run around the ring but they keep winning. Gxy can do the same, keep running around and throw punches once in a while. As long as the cash keep coming. Look at my examples above, nemaska, a40, ajm. So Gxy can play a different ball game. This can be seen in selling north SDV, investing in A40, investing in LPD (the potential is multi billion if successful), and of course a JV with POSCO. There’s no point working hard to build a thrillion dollar company if you expose your private parts, I mean if you expose yourself to too much debts. It’s stressful and embarrassing. You probably have an idea how hard and risky it is to build a business- Gxy has done this and done that. It’s time to approach this ev revolution differently. We still have JB. We can sell half of that too. In fact I think GXY should take a stake in PLS the same way that MIN holds a sizeable chunk of PLS. $30m might become $300m in 3-4 years. Going back to LPD, the chairman and the MD of LPD have previously built companies worth $2.5b and $7b respectively. If they can build LPD to a $2-$3b company, Gxy’s stake could potentially be $600m if it increases its holding to 19% by providing additional few million $ to help build the Lmax/loh-max plant. Of course these are all forward looking numbers. We don’t always have to fight peers. Samsung-Apple, IBM-HP, Toyota-Subaru are suppose to be enemies, well they’re competititors but they have huge sales or interest with/from one another. GXY should maximise its oppportunity to profit from the best lithium peers.

Cheers