General Discussion Topics, page-141279

A consolidation is an absolute requirement, the only alternative is a buy back which is a very long way off in the future if they manage to stay afloat.

In regard to share price, the price is the price and all those who look to other companies and say 'well they are down too, management makes no difference' those people need to look beyond macro and valuations and look at how the company operates. Once the lithium prices are in a downward spiral all you can do is hold on for the ride in regard to its effect on the share price, you are just in survival what is important is how you set yourself up for when the market turns. The questions that should be asked is how is the company managing capital? ramping up into a downtrend in spot prices is not prudent fiscal management, what it does is puts you in a position where you hope the spot price goes up before you run out of capital. This is the scenario AJM found itself in where the only strategy was waiting for a takeover and the debt covenant meant they had no other option but to keep producing at a loss, for them it was a matter of when not if they would collapse.

SYA is currently running (without an offtake that pays and relying on spot markets) at a loss and will remain running at a loss until spot turns up 30 to 40%. What will they do if the current market conditions remain as is for two more years? Running the way they are now is gambling with shareholders money, lucky for them they don't really have any downside, the risk belongs to holders. Money spent on achieving nameplate should of been invested on downstream processing, during this period they should be making deals not burning capital.

Next quarterly will see a cash balance below $50M, how much more runway do you get with that? is somewhere in the 2c range a good place to raise?

In regard to the fabled marlin holders should ask themselves, is this a BOD that would accept an offtake and potential finance package if it came with a requirement for the off taker to nominate someone to the BOD?