It’s not an excuse for bad PR. Call it what you want with aces, but GXY botched an earlier deal with Kores, that is a fact. With all the cash flow from Mt cat, they can afford to provide decent PR at least.
The other possible reason for an off take not being signed is that brine projects take forever to deal, on average 6-8 years to reach a steady state given that technical challenges in brine processing regardless of whatever timelines are mentioned. The car companies/battery maker don’t have to commit themselves early on but can negotiate when prices to fall to lock in a better deal. Whether JP Morgan is actively helping GXY or not is a different matter, given all the fake news and the lack of it from the company, besides saying ‘advanced discussions’
I’m happy to be proven wrong.
It’s not an excuse for bad PR. Call it what you want with aces,...
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