-Plant shutdown more money out, less in...Double wammy. But still a once off -Iggy's Pathetic payout....Once off -Record sales in Dec.....Should continue and as per Thesimmos comment, 4.5M Annual burn and decreasing -Given sales figures Jiangsu prob already CF+, just we wont have it in a report for another 3 months -Cash left is as of DEC 31...We will have cash Receipts coming in for this current quarter by now -Any strengthening of the balance sheet will be a +
Cant see them selling SdV, its there (OUR) future Cant see them selling Mt Cattlin, its strategic back up for the Talison feed stock Cant see a JV...No one wants the debt or risk (they would leave it to us to sort it out then take over albeit at a premium.) My bet is James bay, to mine that we would have to put in a plant and we don't have any money and Canada is not a cheep place to do business. The option to a plant is ship ore to china.... and that's a long way from the east coast of Canada (relative to Mt Cattlin) And lets not forget that Mr Tse has said that he is there for the Lithium one share holders GXY owes them around $1.10 AU (Ouch) and im sure Mr Tse would like his money back as well.
Yes it going to be tighter than a frogs ars and thats water tight. but that is what spec is all about. Im not going to panic out, in fact im encouraged
GXY Price at posting:
6.7¢ Sentiment: LT Buy Disclosure: Held
