Li-related News/Articles/Reports, page-8272

The difference is that I readily accept that sh!t can and does hit the fan when it comes to project construction, permits, funding, commissioning etc etc etc.
I’ve forgotten about more gantt charts than most have ever seen. I’ve lived and breathed having to provide guidance to stakeholders on project funding, milestones and delivery.
That’s a fairly unique background, but for ME it provides perspective to understand that issues are likely, and allows me to accomodate allowances for such into my investment thesis.

For YOU, it apparently wasn’t acceptable that the commissioning was so protracted and your investment dropped significantly. That’s your problem. Good for you.

For ME, whilst I would indeed like to see everything delivered as per the plan, my tolerance for variation is significant, but I have accepted that from the outset.

The challenge imo is trying to know what is somewhat more objectively reasonable vs unacceptable, and to examine specific issues that arise in order to assess whether their arrival and impact is reasonable or unacceptable; and ultimately to determine whether/when the actual outcome warrants pulling the pin altogether.

Let’s take the comment that the expansion can likely be built in “a couple of years”. (Again, btw, that comment was made in the context of current Li prices being irrelevant to our future production from the expansion, which I noted as “a couple of years out”, but let’s run with your little “gotcha” for argument’s sake).
If that takes a year longer, to ME it doesn’t really matter in the scheme of things.
I didn’t say it will take 724.5 days +/- 44 hours.
A couple of years. And if its 3, it doesn’t really matter to ME. More than that and yes I’ll want some detail on the issues and planned rectification if applicable, and will reassess at that time - based on the emerging situation and risk-reward at that time.
Some others might say “I’ll accept 2 years but if it takes any longer, I’m out”…. Good for THEM!


So yes, I incorporate delays to “the plan” and overruns to “the budget” into my expectations, and assess and reassess accordingly.
How likely these are to occur, and to what extent are largely unknown, and that is exactly why imo investors need to DTOR and build their own jigsaw; and why there are clear disclaimers attached to forward-looking statements made by the company.

This is where your newfound exonomoc model can be put to work, btw. Make use of it.

imo
Dyor