The problem with A40 is not the 40M debt, it is that investors believe it’s not going to make money, at least not with the current lithium sentiment and the quality of the resources. Debt is just a catalyst. Without the debt issue A40 could probably burn more cash for 1-2 more quarters, but it’s not hard to see that this is not sustainable.
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The problem with A40 is not the 40M debt, it is that investors...
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