Well said @Gekkko
This drop in lithium pricing will only force lithium wannabes with low grade assets to fold.
GXY 's SDV will remain standing long after SQM, Qinghai and Greenbushes cannabalise themselves and kill all the high debt juniors with interest rates at 10-15%.
Developers like Nemaska with decent asset but raised too much at all cost (1bn recently) will also not be around much longer.
GXY has prudent capital management in place having zero debt and zero interest to pay
@Thesi Definitely makes GXY number one takeover target just because SDV is lowest cost right now as per Canaccord chart below
DYOR
GXY Price at posting:
$2.88 Sentiment: Buy Disclosure: Held
