Ann: Financial Year 2019 Results Presentation, page-38

A lot of armchair experts throwing numbers around, I take it these people are small investors looking to justify staying in the stock when they should be cutting their losses and exiting. The writing is on the wall: today’s report is terrible, full stop. You can mix it anyway you want but the reality is, unless lithium pricing fires back up and GXY get more customers with for either spodumene or brine from Sal di Vida then the future doesn’t look bright. The cash loss of $18m versus revenue and operating costs tells a very simple story. If you hope for turnarounds, “positioning” of the company etc then good luck. I’d sit this one out until cashflowd improve...