Lithium brine degradation, page-70

With the market cap around what they need to finish Stage 1 (i.e., they can't raise the money needed), and Candelas simply not going to fetch much in the current climate, I wouldn't be surprised if they bite the bullet and sell 50% of HMW to a Chinese firm looking for exposure to Argentian brine, a cashed-up firm like Leo, or one of the large players in return for the money needed to complete Stage 1.
They can always develop Candelas later by themselves once the blue skies return.
They really are in a difficult spot. After all, what happens if the lithium market remains depressed for another year or two? Some difficult decisions need to be made. I only hope management aren't so in love with 'their baby' that they can't make the tough decisions.