Market up another lazy 89 and poor old GXY stuck in the mud. I see SIR still going crazy and that company does not even have a JORC statement yet.
Here we are with a mine, a plant and another mine overseas (BFS stage) with fantastic metrics yet we are being overlooked.
The question the market wants answered before piling back in is, have we got a PROFITABLE Business Model. Is the commodity we sell in DEMAND. Can we start making money BEFORE extending ourselves into too many ventures (battery plant).
Operating cash flow first ----reduce debt. Build up Working capital.
Frustrating, however I am well aware the WHOLE mining/resource sector is down heavily. we are not alone
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