Ann: Application for quotation of securities - GT1, page-11

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Zkt

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06/02/24

11:30

Post #: 72259290
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Originally posted by malibu_tan: ↑

Some investors have decided that GT1 won't be economic and therefore it wouldn't matter what price it goes to, they wouldn't buy. Others are not stepping up because the cycle hasn't shown it's bottomed yet, why pay more today when you may get more bang for your buck? Matt may have sold, but John, Cam, Patrick (did I miss some) bought recently on market.

Everyone is down. For technical traders, the GT1 chart isn't attractive. The market isn't currently attractive. Good deposits are not being supported with buying and Moose Pasture optioned projects have been pivoted to other projects. This will continue to happen. Further if companies can't raise cash, they won't be able to explore their fractionated pegmatites (possible new deposits).

Will be interesting to see if GT1 can play a good game of chess and take advantage of other companies being depressed too.

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Very interesting points. GT1 is only a lithium company and it does not have the current luxury to pivot to another resource, when the lithium market price may take multiple years to correct itself. As you noted above investors have decided GT1 wont be economic until the lithium price corrects itself and thus capital raises at near bottom prices will be needed to support any capital or drilling plans, otherwise timelines won't be meet. Thus, buyers are not interested.

GT1 Price at posting: 11.5¢ Sentiment: Hold Disclosure: Not Held
2 Upvote

0 Great analysis

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