"Shows clearer than ever that management's bet on hard rock by not kicking off SDV was a huge mistake."
It shows nothing of the sort, what it does show if they hadn't sold some of their brine assets to POSCO they would be in difficulties like many others . If they had proceeded with SDV that cash would be shrinking and they would still be another year or two from producing any income.
Turning brine into battery grade Lithium is a chemical process that exposes one to rapid changes in technology plus sovereign and environmental issues and IMO GXY are approaching it in a very wise maner...Spod is just Spod and as long as you can produce the right grade , it's needed in the world of 6battery grade Lithium and your in a financial position to weather out the odd storm then you are in a very good position, GXY seems to be in that position plus it still has SDV ....
Cheers Whisky
GXY Price at posting:
$1.18 Sentiment: Buy Disclosure: Held
