Ann: Appointment of receivers and managers, page-47

This was the biggest piece of bs to come out of the gxy call saying ALITA in trouble due to prices ! It was coz of the pedantic lenders operating with a hostile gxy. I agree I’m happy to watch it all burn rather than watch gxy swan in like hero’s. In saying that I hope the admin process can sort out a recap plan at 5c or whatever , pay off GXY debt and we go side shuffling away into the shadows, meanwhile shore up a proper 100mt resource and then come back online with the plant out of C&M in 2-3 years.
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Asked whether lithium prices were close to bottoming, Mr Hay was slightly more optimistic.

''It must be pretty close to the market bottom when you see Alita in trouble and not able to operate at those levels, so I don't think it can go much further," he said.<<<