For the stars to align they would need to sell James Bay and Cattlin for circa $40M, get a generous JV with Korea Inc. for SdV,have Jiangsu 100% by end of calendar year and have the debtors be generous with their time frame terms. Otherwise I see GXY limping along.
That's a lot of "stars having to align" - is there a realistic chance of this with the current board (and yes I am aware of the "connections" they have established) ?
And Li demand and prices would have to hold as well - looking at the current global economic picture - how likely is that ? Certainly can see the eBike batteries for vast parts of Asia - but other sectors may go "soft" being base of discretionary spending ?
GXY Price at posting:
7.8¢ Sentiment: None Disclosure: Held
