Hello again @kellectric1. For clarity, no, I was not a platypus...

  1. 517 Posts.
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    Hello again @kellectric

    1. For clarity, no, I was not a platypus holder. My first purchase was in 2017.

    2. Yes, I've heard about great interest in our product from potential partners over the years.. Multiple times bitten, multiple times shy though and my experience elsewhere, including another speculative holding of mine that is not flush is that companies in trouble attract corporate sharks. If it's bridging finance on the basis of a massive dilutionary equity stake, that prospect does not thrill me. You and I both have no idea what sort of offers are on the table but at 17m market cap and a share price only one increment above absolute zero, I can't imagine the non-binding deals are rosy for the long termers. So I stand by my view that we don't have much of a lever to pull to secure more cash - one that is optimistic for us. But I do not know all and I don't know, maybe another licence deal might pop out of the woodwork.

    3. Noted on Julian's personal/family trust holding, however my point was subtly different. It more related to our current cash strapped situation. I would like to see cash salary swapped out for a long term incentive arrangement (perhaps incentives that trigger post the current cash runway expiring) to instil some confidence that management believes we can surmount the current challenges.

    4. If you're not happy, ok, I was perceived you were seeing things overly rosily but that's just my own filter and others - and you - might not have perceived it similarly. But again, my point is not what you are saying. I accept we are in a hell of a bear market for lithium and that isn't the company's fault. My argument is that it's conceivable we might have been better insulated through different strategic decisions, more clarity on capital management, and that it's hard to understand why we made some strategic decisions looking back over the quality of comms. As others have picked up, it's been suggested certain things were coming like caesium offtakes, then they've melted into the ether seemingly. There may be good reasons for all of this, but not explaining well or coming clean on missteps triggers my suspicions there were not.

    5. I've made no comment or insinuation on your personal optimism. I have no opinion on whether yours are false or genuine.. False optimism pertained to my observations about the various announcements from the company over the years.

    Guess it all goes to show it's hard to understand each other sometimes in this medium, language can be a blunt instrument. Whoever you are, I really do wish things turn out for all of us. If not, another stock will come up. They always do. I'll let you get on with responding to the others who have raised interesting points to you.

    Last edited by EDTD: 19/11/24
 
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